Sanctions on Iran’s oil production are set to be lifted as early as this weekend that will mark the end of the country’s nuclear program and pave the way for Western nations to re-enter Iranian territory for oil exploration and production…
Aker Solutions is to 'streamline' its maintenance, modifications and operations (MMO) unit in Norway from four units to one regional unit, the firm announced today. The company said it was taking 'necessary steps to reposition the business…
The International Association of Oil & Gas Producers (IOGP) has appointed Gordon Ballard to be its new Executive Director. He starts today, succeeding Michael Engell-Jensen, who is retiring after five years. Gordon comes to IOGP after spending 30 years working with oilfield services company…
Seadrill has reached an agreement with Daewoo Shipbuilding & Marine Engineering shipyard in South Korea to defer the delivery of two ultra-deepwater drillships, the West Aquila and West Libra, until Q2 2018 and Q1 2019 respectively. Under the terms of the original construction contracts…
Despite high drilling rates on the Norwegian Continental Shelf, discovery rates have been low and investment fell 16% in 2015, according to the Norwegian Petroleum Directorate (NPD). Fifty-six exploration wells were spudded, with just…
Malaysia's Mitra Energy gained approval from the Prime Minister of Vietnam of the Reserve Assessment Reports for the Nam Du (Block 46/07 PSC) and U Minh (Block 51 PSC) fields, off Vietnam. Image from Mitra Energy…
WFS Technologies (WFS), a provider of underwater wireless instrumentation and control solutions, has announced the launch of Seatooth PipeLogger Thermal Insulation (TI). Designed to deliver a step reduction in the cost of monitoring process…
Chevron Australia awarded Neptune a marine maintenance diving contract under a recently awarded master services agreement (MSA). The contract, which is due to commence imminently, includes the provision of diving services for the facilities…
Total, the operator for production license 618 in the North Sea, has received consent from the Petroleum Safety Authority (PSA) of Norway, to drill exploration well 1/5-5 using Maersk Gallant. Maersk Gallant is a jackup drilling facility…
Subsidiary companies within the SapuraKencana Group have been awarded contracts and extensions with a combined value of approximately US$117 million (RM503 million). Image from SapuraKencana. SapuraKencana HL Sdn…
Atlantis, a global leader in the tidal power sector, is pleased to announce the appointment of Cameron Smith, as director of project development. Smith has joined Atlantis’ new executive management group based at its corporate headquarters in Scotland and will report directly to the CEO…
Norwegian oil major Statoil has acquired an 11.93% stake in Swedish exploration firm Lundin Petroleum's shares. Statoil says the move increases its indirect exposure to core assets on the Norwegian Continental Shelf (NCS), including the Johan Sverdrup and Edvard Grieg fields…
Some US$380 billion worth of upstream oil and gas projects have been put on hold as a result of the fall in oil prices, according to new research by analysts Wood Mackenzie. The Edinburgh based firm says the last six months of 2015 saw…
Independent Oil and Gas (IOG), the North Sea focused oil and gas company, will delay the Skipper appraisal well until there is greater stability and clarity in the oil market. This follows recent oil price movements and bad weather in the North Sea…
Ezion Holdings Ltd. has secured an agreement to jointly market two service rigs being built by a Chinese state owned enterprise to support the offshore windfarm, oil and gas activities in the energy sector, announced Ezion Holdings board of directors…
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