Fabrication of the billion dollar topsides destined for the Maersk Oil operated US4.5 billion UK North Sea megaproject, Culzean has started. A steel-cutting ceremony for the first of the three topsides modules took place at the Sembcorp…
It's hard to quantify accurately recovery rates on the UK Continental Shelf (UKCS). Estimates from the Department of Energy and Climate change put it at about 46%. Global estimates point to somewhere between 30-35%. However, the well known dictum…
Africa-focused oil and gas production and development company Aminex started first gas production from its Kiliwani North gas field, offshore Tanzania. Map of Kiliwani North and Songo Songo, from Aminex…
Wärtsilä has been awarded the contract to provide the design for a new jackup lift vessel. The contract was signed in March with a well-known Chinese yard and includes an option for three additional vessels. The Wärtsilä design was developed in collaboration with Altis…
Keppel Offshore & Marine (Keppel O&M), through its subsidiary, Keppel FELS Brasil BrasFELS shipyard has been awarded a US$137 million floating production storage and offloading (FPSO) module fabrication and integration project by Modec Offshore Production Systems (Singapore)…
Clough has been awarded an engineering services contract by Woodside Energy. Clough will work as part of an engineering panel to provide multi-disciplinary engineering services for Woodside. The contract covers the full spectrum of engineering…
Kosmos Energy Sao Tome and Principe (Kosmos) has gained operatorship of Block 5 and 12, offshore West Africa in the exclusive economic zone (EEZ) of the Democratic Republic of Sao Tome and Principe (STP), as part of a farm-in (65%) agreement with Equator Exploration…
Geolog International and Quad Operations, also known as QO Inc. (Quad), have entered into a strategic partnership alliance to leverage each other’s respective capabilities in providing a broader spectrum of services to their client base. Geolog…
The US Department of Justice (DOJ) is taking action and suing to block Halliburton’s US$34.6 billion takeover of Baker Hughes, claiming that the merger threatens to eliminate competition, raise prices and reduce innovation in the oilfield services industry…
OMV has successfully completed drilling and testing of the Wisting Central II appraisal well in the Barents Sea, with flow rates hitting just above 5000 boe/d. The Transocean Spitsbergen, from OMV…
Chevron has temporarily halted production at its Gorgon liquefied natural gas (LNG) and condensate project on Barrow Island, off the northwest coast of Western Australia due to mechanical issues. According to Chevron Australia, the propane…
Carnarvon Petroleum secured 100% interest in the WA-521-P offshore exploration permit in the Roebuck basin on Western Australia’s North West Shelf (NWS). Positioned adjacent to the Phoenix/Roc acreage, Carnarvon has been studying the…
Statoil has cut its average project cost per barrel from US$70/bbl to around $40/bbl, but the work has just started and the changes need to be permanent, even if prices increase, CEO Eldar Sætre said this morning. Speaking at the Subsea Valley conference in Oslo…
Oil company cuts could be going too far, leading to another period of high cost inflation as the oil price returns and capacity is found to be lacking, a Norwegian industry analyst has warned. Speaking ahead of the Subsea Valley conference…
FMC Technologies will reduce its Norwegian operations by 700 jobs in coming months, after taking a number of efforts to adjust to the low oil price environment, the company told OE. Image from FMC…
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