Santos and its partners have decided to go ahead with the Sampang Sustainability Project (SPP), a project to extend the life of the Sampang area fields, off East Java, Indonesia, to at least 2020. The project will involve switching the…
Norwegian geoscience firm Spectrum has started a 1800sq km multi client 3D seismic survey offshore Norway in the Western Barents Sea. The new survey, designed based on interest from industry will tie and complement Spectrum's existing 3D surveys in the area…
Shell Canada is moving on to its next prospect in the Shelburne basin, offshore Nova Scotia, after failing to find commercial hydrocarbons at its first exploration well in the program. Map of the Shelburne basin exploration project…
Cautiously optimistic executives expect oil prices to return to US$60-80/bbl – spurring investment and economic growth, according to a new survey conducted by advisory firm Deloitte. The two-year downturn in the oil and gas industry may be coming to a close…
US private investment firm Clayton, Dubilier & Rice (CD&R) has appointed former Statoil and BG Group boss Helge Lund as an operating advisor to CD&R's funds. Lund. Image from BG Group/Shell. Lund…
Germany's NKT Cables is acquiring ABB’s global high-voltage cable system business with a total enterprise value of US$934 million. The business is part of ABB’s Power Grids division, which is currently undergoing a strategic review. The sale includes ABB's new cable laying vessel…
Geoscience firm Spectrum is to carry out a long-offset Broadband 2D multi-client seismic survey covering the southern Rovuma and north-eastern Zambezi Basins, offshore Mozambique. The survey will be a variable grid with lines spaced from 10km to 20km…
More than 300 oil service employees in Norway have gone on strike this morning after mediation talks yesterday were said to have failed. Industry Energy, a union which represents workers, claimed the Norwegian Oil & Gas association did…
Interest in new licenses in existing exploration plays offshore Norway has dropped by about a quarter. Some 33 companies have applied for licenses in Norway's 2016 awards in pre-defined areas licensing round, the Norwegian Petroleum Directorate (NPD) said this morning…
Supermajor Shell is moving most of its employees in Houston from its downtown location to the west side of the city. The changes, which are expected to take effect in Q1 2017, will move about 3400 employees from the Central Business District…
Halliburton (HAL) has released the Acoustic Conformance Xaminer service (ACX), a technology designed to help operators identify and pinpoint wellbore leaks by analyzing sound waves that describe flow patterns in the formation and casing. The…
Petroleo Brasileiro (Petrobras) is once again decreasing its capex by 25%, the company revealed as part of its 2017-2021 business and management plan today (20 September). Libra operations. Image from Petrobras…
FMC Technologies has installed and tested its annulus monitoring system (AMS) in an offshore well in Malaysia owned by Petronas. A winner of the 2015 Offshore Technology Conference Spotlight on New Technology award, FMC Technologies’…
A development by Fugro for its work class remotely operated vehicles (ROVs) has been utilized successfully in cable lay touchdown monitoring operations at the Rampion Offshore Wind Farm. Fugro Symphony…
Siemens is set to build a wind project offshore Denmark with innovative foundations and cable systems, the company said today (20 September). Four wind turbines and related equipment take a large step into the future of offshore wind…
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