Wärtsilä and MAN Diesel & Turbo are continuing with a new Hercules-2 project, pending approval under the Horizon 2020 EU Framework Program for Research and Innovation. The Hercules-2 project is aimed at developing a fuel-flexible marine…
Polarcus completed acquisition of a major new 3D broadband multi-client project in the southern Porcupine Basin, offshore southwest Ireland. The 4300sq km survey, undertaken in partnership with ION GeoVentures, saw the 3D seismic vessel…
TGS is continuing its Explorer series seismic acquisition program in the deepwater US Gulf of Mexico with Panfilo 3D. Panfilo 3D will add 11,500sq km to TGS' multi-client library in the Lund and Henderson Central Gulf of Mexico protraction areas…
London-based Golar LNG Ltd. (GLNG) has appointed Sir Frank Joseph Chapman to the Board of Directors and as the company's Chairman, effective 19 September 2014. Sir Frank Chapman has worked 40 years in the oil and gas industry, culminating…
Siemens has agreed to acquire Dresser-Rand through the acquisition of all its New York Stock Exchange issued and outstanding common shares for us$83/share, in a $7.6 billion deal. The takeover has been supported by Dresser-Rand's Board of Directors…
Total's production should grow to about 2.8MMboe/d in 2017, as 15 major projects start-up in the period from now, the French super major said today (22 September). But, strict capital discipline will also be key, in addition to selling an additional US$10 billion of assets in 2015-17…
At present we are seeing lower oil prices as a function of softer demand growth in both Europe and China combined with recent output increases from OPEC, particularly Libya, together with the ongoing surge in US production. In the short-term…
Statoil's Kvitebjørn field in the North Sea will see production increase by 220MMboe, or from 55% to 70% recovery rate, thanks to a new compressor installed on the 10-year-old Kvitebjørn platform, the firm said today. The compressor, installed 17 September…
Sevan Drilling has agreed a 'standstill' arrangement with Cosco (Qidong) Offshore over its drillship, the Sevan Developer. Significant delays in the build of the new deepwater drilling facility, and a drop in the market for deepwater units…
Rio Oil and Gas’ final day included a presentation on how nanotechnology can play a role in exploration and recovery. The oil and gas sector, with the support of IBP (Brazilian Petroleum Institute), is working on a nano agent capable of increasing oil recovery by 20%…
The 17th Rio Oil & Gas, one of three major events of the industry in the world, has come to a close on 18 September. Some points highlighted by João Carlos de Luca, president of Brazilian Petroleum, Gas and Biofuels Institute (IBP) included the volume of business conducted…
Singapore-based Marine Contracting Pte Ltd. has received an engineering, procurement, construction, and installation contract (EPCI) from Rotterdam-based Jord Oil & Gas Systems BV (JOGS) to install an interconnecting bridge and tripod support…
ExxonMobil and Rosneft will end drilling operations in the Kara Sea due to Western sanctions. The West Alpha ExxonMobil released a statement today (19 September), which said the supermajor will comply with all US sanctions…
Statoil will complete the drilling of the Pingvin prospect in exploration well 7319/12-1 in the Norwegian Barents Sea, says partner on the well North Energy. The well identified gas in a sandstone reservoir. The well acquired extensive data through coring…
Brazil's state-run oil company, Petroleo Brasileiro, will sign a contract to build and lease a floating production ship for its Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on 18 September, as reported by Reuters…
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