Research and Markets analysts forecast that the global offshore drilling market will grow at a compound annual rate of 10.9% (CAGR) over the period 2013-2018. One of the key factors contributing to this market growth is the increase in…
SeaBird Exploration Plc announced that the survey vessel, Aquila Explorer, received a letter of award for a 2D seismic survey in Australasia. The survey will cover a minimum of 10,000km and will have an estimated value of approximately US$11 million…
Paradigm Flow Services has invested approximately US$7.2 million in a new headquarters and test center in Drumoak. The company has a 15-year lease on Paradigm House from MacDonald Properties (Aberdeen) Ltd., which will provide capacity…
Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's state-owned power company Perusahaan Listrik Negara (PT PLN) has contracted with Qingdao Wuchuan Heavy Industry’s shipyard in northern China to build the world's first compressed natural gas (CNG) carrier…
Canada’s Antrim Energy Inc. announced that recent evaluations have shown frontier exploration license (FEL) 1/13 in the Porcupine basin off Ireland’s west coast to contain what could be massive resources: an estimated unrisked prospective resource potential of 1…
London-based, Africa-focused explorer Afren has suspended CEO Osman Shahenshah as well as Chief Operating Officer Shahid Ullah pending the results of an investigation into unauthorized payments, the company announced on 31 July 2014. Afren…
Forum Energy Technologies, Inc. (FET) completed the expansion of its DYNACON facilities in Bryan, TX. The expansion doubles the square footage of manufacturing space to 110,775sq ft, which includes larger welding and assembly shops. FET also added a 53…
Halliburton’s Landmark Software and Services acquired Neftex Petroleum Consultants Ltd. Neftex is a UK-based company specializing in sequence stratigraphy-based products and consulting for subsurface risk reduction. Neftex’s consistent…
The American Petroleum Institute (API) published new guidelines for the design, manufacture and use of subsea capping stacks, equipment designed as part of industry’s emergency preparedness in the event of a spill at a wellhead on the ocean floor…
ConocoPhillips has extended its contract Archer Ltd. for the provision of platform drilling services for the Greater Ekofisk Area. The Greater Ekofisk Area is located in the southern part of the North Sea, 300km southwest of Stavanger…
The Thermal Integrity Profiler (TIP) was awarded the 2015 winner of the Charles Pankow Award for Innovation by the American Society of Civil Engineers (ASCE). The award celebrates collaboration in innovative design, materials, or construction…
Rosneft and PDVSA entered into a cooperation agreement to implement offshore projects in the Rio-Caribe and Mejillones blocks, which is phase II of the Mariscal Sucre project. Both companies expressed interest to reach an agreement on key technical requirements…
The Fugro Synergy. From Fugro Drilling and Well Services. Plugging and abandonment accounts for about 43% of decommissioning costs. Operators and service companies are looking at ways to reduce the bill…
Eco Atlantic Oil & Gas Ltd.received approval from the Parliament of the Republic of Ghana to acquire a 50.51% interest in the Cape Three Points West block, located in the Tano Cape Three Points basin, offshore Ghana. The agreement is for 25 years…
Iain Conn joins Centrica as chief executive effective 1 January 2015. Conn will also join the Centrica board, succeeding Sam Laidlaw who will retire from the board on 31 December 2014. Conn will also become chairman of the executive…
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