Mexico’s national oil company Petróleos Mexicanos (Pemex) unveiled its 2016-2021 business plan that will see the company take advantage of the Energy Reform with an aggressive farmout program, expecting to increase production by 15%. Image from Pemex…
Sonangol and its Block Zero partners Cabinda Gulf Oil Co., Total E & P Angola, and Eni Angola, started the early production system (EPS) operations at the South Wellhead Platform of the Mafumeira Sul project, off the Coast of Malongo, in the province of Cabinda on 31 October…
Subsea 7’s revenue fell more than US$1 billion in the first nine months of the year, however, the company remains positive that there will be a surge in subsea, umbilical, riser, and flowline (SURF) projects within the next 18 months. Image…
Total investment in oil and natural gas extraction in Norway was 21% lower in 1H 2016 compared with 1H 2015, a decline of about US$3.5 billion (NOK 20.9 billion). However, investment cuts have affected some segments of the industry more than others…
Sonomatic, a provider of automated ultrasonic inspection services, has developed a tool for the internal inspection of caissons. The integrity of caissons is critical to safe and efficient operation of offshore structures. As offshore facilities age…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) received nearly US$563 million (CAD $758 million) in work commitments in its latest deepwater bid round for the East Newfoundland and Jeanne d’Arc regions, offshore the Canada-Newfoundland and Labrador areas…
China Oilfield Services' 12-streamer HYSY 720 seismic vessel has completed the operations of two 3D seismic data acquisition in the Arctic Barents Sea recently. The campaign covered three blocks and follows a previous campaign covering 1820…
Technip Umbilicals has been awarded a contract by a major operator to supply a subsea control umbilical in the Gulf of Mexico. The contract includes the project management and manufacture of 7km of a static and dynamic unarmored steel tube umbilical…
Ophir Energy, Golar LNG and oilfield services giant Schlumberger have agreed to form a joint operating company to develop the Fortuna field, offshore Equatorial Guinea, Africa. The project will use Golar's floating LNG technology and…
Aker BP (formerly Det norske and BP Norway) has awarded Altus Intervention an up to nine-year frame agreement contract for well intervention services. Services, starting mid-December, included consist of casedhole wireline, slickline…
Dutch floating technologies firm SBM Offshore has been picked to provide a floating wind systems solution for a pilot project, offshore France. EDF Energies Nouvelles was selected by the French government last week to construct a pilot floating wind farm for its Provence Grand Large project…
Aker BP has started production from the Viper-Kobra development, a subsea tieback to the Alvheim floating production, storage and offloading (FPSO) vessel in the Norwegian North Sea. Viper-Kobra consists of two separate discoveries, containing 9 MMboe jointly…
Bernard J. Duroc-Danner, chairman of the board, president and CEO, of Weatherford International has resigned, effective immediately. Robert Rayne, current vice chairman of the board, will serve as chairman of the board. Krishna Shivram take over as interim CEO…
Houston’s Vaalco Energy makes its exit from Angola discontinuing all operations, as the company picked up stake in Etame off Gabon in Q3 2016, narrowing its focus and reducing costs. Image of Gabon operations…
Saipem has been awarded new contracts with an overall amount of about US$1 billion, with two major deals awarded by Saudi Aramco. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (engineering…
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