Image: R. Bradley Forth/ Northern Offshore Northern Offshore announced that R. Bradley Forth has joined the company as senior vice president and chief financial officer. “[Forth] will…
GC Rieber has found a new contract for the Polar Onyx after it took back the vesesl from failed business Ceona and agreed to take ownership of the VLS tower on the vessel from administrators. GC Rieber Shipping had terminated the charter…
Husky Energy has installed the jacket and wellhead platform for the Madura Strait BD gas-condensate field development, offshore Indonesia. Development drilling is expected to started soon, at the 55m water depth site, and the project remains on target for first production in 2017…
Houston headquartered Marathon Oil has agreed to sell all its operated producing properties in the US Gulf of Mexico and a tranche of non-operated interests for US$205 million. The deal with an undisclosed buyer is said to be part of…
McDermott International has been awarded a large brownfield contract by RasGas Company (RasGas) for the engineering, procurement, construction and installation (EPCI) of a flow assurance and looping project and topside modifications offshore Qatar…
Italy's ENI has completed track well GU2-Dir A at the Guendalina gas field in the Northern Adriatic, offshore Italy. The side track reached a planned total depth of 3276m, according to partner Rockhopper Exploration. All target horizons…
Oil and gas decision-makers are coming under increasing pressure to reduce asset downtime, according to new research. Commissioned by Lloyd’s Register Energy, the research polled 80 senior decision-makers in the oil and gas industry in October 2015…
Mitsui has reached an agreement with Santos concerning the acquisition of Santos' 35% working interest in the Kipper gas and condensate field offshore Southern Australia. The sales and purchase agreement was signed on 6 November 2015 between…
Schlumberger and Ikon Science has announced an agreement to further develop the existing quantitative seismic interpretation capability in the Petrel exploration and production software platform. The collaboration will make high-value seismic…
US-based independent Apache has rejected a recent takeover bid, said to be worth US$18 billion, according to Bloomberg. But the company is now working with Goldman Sachs on a defense strategy. On 9 November, analyst firm Simmons & Co…
The numbers are staggering. At US$50/bbl, at least 20% of production in the North Sea is loss making, an industry event was told last week. And that is likely to be a conservative estimate. Faced with what has been called “a perfect storm” by many – high operating costs…
Verisk Analytics today announced the acquisition of Infield Systems, a leading independent provider of business intelligence, analysis, and research to the oil, gas, and associated marine industries. Infield Systems will become part of Wood Mackenzie…
Aberdeen-based sand control technology firm has secured a contract with Statoil following a successful trial of its downhole well completions technology. Darcy has signed a framework agreement with Statoil to supply its unique hydraulic…
Petronas has laid the keel of its second floating LNG vessel, the Petronas Floating LNG2, in Geoje Island, South Korea. JGC Group and Samsung Heavy Industries (SHI), the consortium leading the engineering, procurement, construction, installation and commissioning of PFLNG2…
Lundin Petroleum has started drilling the Selada-1 exploration well in Block PM308A, offshore Malaysia. The well will target hydrocarbons in Miocene aged sands and is located 14km to the south of the Bertam field, operated by Lundin…
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