Castex Energy is set to fabricate and install a platform jacket over the Main Pass Block 270 #3 BP 1 well on its Hummer exploration prospect, in the Gulf of Mexico, according to partner Petsec Energy. The well is located about 50mi southeast of Venice…
Shell’s full year 2015 results are expected to record a significant drop of about 54% compared to 2014, in addition to a reduction of some 10,000 positions across BG Group and Shell in an effort to streamline and integrate the two companies…
A series of talks aimed at young oil and gas industry professionals in Aberdeen launches with a look at risk management and collaboration early next month. The SPE Aberdeen Simplified Series is run by the Society of Petroleum Engineer's Young Progessionals section in Aberdeen…
Challenging market conditions, including high operational costs, low prices, and declining reserves in the North Sea are driving many organizations in the industry to seek more efficient and cost effective ways of working, without compromising safety…
The North Sea oil and gas industry is at a critical stage in its life-span. In a similar way that the automotive industry here in the UK was battered by lower cost imports, old technology and methodology in the 1980s, the offshore industry is being battered by a similar perfect storm…
Abu Dhabi headquartered Gulf Marine Services (GMS) has entered into a partnership with Norway-based Dwellop for well intervention and workover operations, with its sights set on capturing new markets in the sector. The partnership brings…
Swedish exploration firm Lundin Petroleum's latest exploration well 6407/10-4 on the Lorry prospect in the Norwegian Sea has been classified as dry. The well, in PL700B, on the northern part of the Frøya High in the southern Norwegian Sea has been plugged and abandoned…
Wellhead engineering firm Plexus has won a contract with new customer Masirah Oil and its majority owned technology driven oil and gas company REX International for POS-GRIP Tersus Mudline equipment and a 10,000psi adjustable rental exploration wellhead for oil exploration offshore Oman…
Statoil is to move ahead with its delayed Johan Castberg oil field in the Barents Sea after cutting estimated development costs by half. The firm is now planning a floating production, storage and offloading vessel for the development…
AVEVA has announced that it has entered a multiyear agreement with Statoil for AVEVA Everything3D (E3D). Statoil has selected AVEVA E3D to be its strategic 3D design software platform, upgrading from its existing design system, AVEVA PDMS…
Noble Corp. is expected to lay off 100-120 people that work on the Noble Danny Adkins semisubmersible drilling rig in the Gulf of Mexico. According to a letter from Noble’s director of personnel, to the Texas Workforce Commission, Noble…
Trendsetter Engineering has announced the successful qualification of our high‐temperature, metal‐to‐metal sealing TEX‐5 gasket. The TEX‐5 gasket is featured in Trendsetter’s proprietary Trendsetter Connection System (TCS) vertical flowline connection system…
Aqualis Offshore has been contracted by Petrofac to perform technical support services for its work on the BorWin gamma topside that is destined for the North Sea. The scope of work includes preparation of technical specifications for…
Mexico’s Pemex entered into deals with three companies in the Middle East following President Enrique Peña Nieto’s visit to the region. Image of Lozoya signing contracts. Image from Pemex Twitter…
In the awards in predefined areas (APA) round 2015, Statoil has been awarded interest in 24 licenses on the Norwegian continental shelf (NCS), 13 of those as operator and 11 as partner, breaking the company’s 2005 record for number of licenses awarded…
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