Maersk Oil awarded Boskalis Subsea a subsea IRM contract for the provision of air and saturation diving services from 2016 to 2019. Image of the DSV Constructor, from Boskalis. The…
Old and partly lost slots that were given up as providers of new production triggered new solutions for Statoil’s Snorre B. The result was three wells with an average price of US$21.6 million (NOK 170 million), compared to NOK 490 as reference base…
Oil major Shell has said it is to cut around 475 jobs from its UK and Ireland business by the end of this year as it further reduces its cost base. The firm has already announced more than 10,000 jobs cuts globally, including some 2800…
A new company focused on the plugging and abandonment of wells in the North Sea’s decommissioning sector has been set up by three oil and gas industry veterans. Aberdeen-based Well Decom has been launched to help companies manage costs…
Bermuda listed Seadrill, and Norwegian drillers Odfjell and Sevan Drilling reported their Q1 results this morning. Intense focus on cost cutting and efficiency have helped all three, as it had with the likes of Ensco and Transocean,…
The oil and gas division of Vinci Energie's industrial processes unit Actemium has won a US multi-million contract with BP Angola. The ”two-asset” agreement, the first of its kind for BP’s Angolan operations, will see Actemium become…
Azerbaijan's state oil firm Socar and BP have signed a memorandum of understanding (MOU) to jointly explore potential prospects in block D230 in the North Absheron Basin in the Azerbaijan sector of the Caspian Sea. The MOU gives BP the…
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has announced a substantial contract win with Apache North Sea to provide subsea construction, ROV and diving services at the largest oil field in the North Sea…
The UK oil and gas industry is set to become a pioneer in decommissioning activity globally and has the opportunity to become leaders in this field according to Wood Mackenzie. 'Although decommissioning in the North Sea has been an impending reality for some time…
Baker Hughes has implemented organizational and leadership changes effective this week in an effort to align with plans to build on its strength as a product innovator, in addition to achieve cost efficiencies, and support its enhanced commercial strategy…
Lifting, drilling and subsea solutions company Huisman introduced a new 400mt offshore mast crane simulator at its facility in Singapore. Crane simulator in Singapore, from Huisman. The…
Under a program organized by the Research Partnership to Secure Energy for America (RPSEA), Doris Inc., the Offshore Technology Research Center (OTRC) at Texas A&M University, and Sevan Marine have carried out further research and model scale…
In this animated video, Magma Global shows how its m-pipe carbon fiber composite pipe provides high flow rate, high-pressure hydraulic pumping for light well intervention in offshore wells and deepwater. Magma m-pipe is designed for light well intervention and hydraulic pumping…
BP has commenced a water injection project at its Thunder Horse platform in the Gulf of Mexico that will extend the production life of one of its biggest fields in the area, and recover an additional 65 MMboe. Thunder Horse…
Woodside and partner Petrel Resources have received environmental approvals from the Department of Communications, Climate Change, & Natural Resources (formerly the Department of Communications, Energy & Natural Resources) earlier this month…
Subscribe
