ExxonMobil, working with the National Center for Supercomputing Applications (NCSA), has achieved a major breakthrough with proprietary software using more than four times the previous number of processors used on complex oil and gas reservoir…
Sky-Futures has been awarded a three-year contract to inspect Eni facilities globally. This global contract is the first of its kind between a drone-based technology business and an international oil and gas company and represents a significant shift in the oil and gas market…
Malaysia's MISC Berhad has won its battle in court against supermajor Shell over contractual disputes concerning the construction and lease of the Gumusut-Kakap semi-floating production system (Semi-FPS), offshore Malaysia that was filed last year…
An updated full field development plan (FFDP) for the Te Giac Trang (TGT) field, offshore southern Vietnam, has been approved by the country's government. The FFDP was formally submitted to the relevant authorities in Q4 2016, says partner in the Hoang Long joint operating company…
UK independent Chariot Oil & Gas has been awarded a 75% interest and operatorship of the Kenitra offshore exploration permit, in Morocco. Chariot says Kenitra, together with the neighboring Mohammedia Offshore Exploration Permits I-III…
London-listed oil minor MX Oil is hoping to raise about US$6.26 million through issuing new shares to fund the work on the Aje field offshore Nigeria. Production started from Aje, in block OML 113, last year, but has been limited by the performance of the Aje-5 well…
Petrobras has achieved two new production records from its pre-salt reservoirs: a 1.28 MMb/d monthly production record and the 1.34 MMb/d record achieved on 4 January. Combined oil and natural gas production operated by Petrobras also reached a new record at 1…
Wood Group has appointed Alan Johnstone as president of its Asset Life Cycle Solutions business in Europe. Joining Wood Group from his position as Amec Foster Wheeler's managing director for upstream asset solutions, Alan brings almost three decades of North Sea…
In December 2016, the Norwegian underwater robotics company Eelume successfully built and demonstrated the world’s first snake-like underwater robot, constructed for offshore operations. Image from Eelume…
Energean Oil & Gas stands to gain a US$50 million investment from Kerogen Capital for its Karish and Tanin gas fields, offshore Israel. The move could see the independent private equity fund manager take a 50% stake in Energean’s Israeli subsidiary…
Germany's Wintershall has submitted its Skarfjell field development plans to Norway's Ministry of Petroleum and Energy. Image from Wintershall. The proposed solution, which was first revealed earlier this month…
Wärtsilä and PGS Geophysical have signed a service agreement that makes Wärtsilä the preferred service supplier for engines and other Wärtsilä equipment. According to the agreement, Wärtsilä will take care of the maintenance of engines and…
Integrated process solutions provider ProSep will supply one ProDry unit to Statoil for the Troll B ZMP Project. ProSep’s project scope of supply – awarded through Aker Solutions – began in January 2017 and is expected to last approximately five months…
UK-based semisubmersible rig operator Awilco Drilling has said global floater fleet utilization could finally start to recover from 2018. The firm says the decline in exploration and production spending seems to be bottoming out in 2017…
Norway’s Spectrum has dropped out of the race to acquire MultiClient Geophysical, after Geoex offered a bigger price tag for the company in a back and forth battle. Following Geoex’s announcement on 2 February of an increased offer price of NOK 1…
Subscribe
