Petrofac has won contract extensions from its customers on the UK Continental Shelf (UKCS) totaling US$400 million. Petrofac secured a two-year extension from Centrica Storage to its Services contract on the 8A platform in the Rough field…
North Sea focused explorer Independent Oil and Gas has signed a rig contract with Transocean for use of the John Shaw semisubmersible drilling rig. The rig will be used to drill an appraisal well on IOG's 100% operated Skipper oil discovery in Block 9/21a in the Northern North Sea…
Shell has cleared the final regulatory approval for its US$70 billion acquisition of BG Group, after receiving 'unconditional merger clearance' from the Chinese Ministry of Commerce (MOFCOM). This approval from China is the final regulatory…
Ocean Installer has signed an amendment with Statoil for riser replacement operations at the Troll C field. This includes options for work at the Vigdis field. The work will be executed under the SLMP Marine installation ontract. “We…
Norway-based geoscience firm Dolphin Geophysical has filed for bankruptcy just days after warning it had struggled to restructure its debt and capital structure. The firm, whose shares halved last Thursday after it warned it could have to file for insolvency…
The platform supply vessels Viking Lady and Viking Athene have been awarded a contract with Total E&P Norge for one well starting mid December 2015. The duration of this contract is estimated to 75 days. Viking Prince has also…
Ezra Holdings announced that it has received approval from shareholders for its proposed 50:50 subsea joint venture with Chiyoda Corp. At the company’s extraordinary general meeting (EGM) held today, 99.97% of shareholders voted in support…
Statoil has received consent for modifications at Kristin and Tyrihans in connection with tie-in of the Maria field. Kristin is a gas condensate field at Haltenbanken in the Norwegian Sea. Statoil is the operator of the field, which has…
ExxonMobil has chosen Darren W. Woods to be president and a member of the company's board of directors, effective 1 January 2016. Woods is currently senior vice president of the corporation. Rex W. Tillerson will continue his roles of chairman of the board and CEO…
International oil spill player Aptomar has developed a new method for environmental monitoring, designed for the oil companies to have round the clock monitoring, detection and reporting on unintended oil spills. Image…
Otto Energy has announced that it has entered into an agreement with Byron Energy for the staged farm-in for participating interests in to up to three lease areas held by Byron in the Louisiana Gulf of Mexico (GOM) area. The transaction…
Marcelo Odebrecht officially announced his resignation and is stepping down from several roles after spending six months in prison for charges of bribery and corruption, for his alleged role in state-run Petroleo Brasileiro SA (Petrobras) Lava Jato scandal…
The Steam Oil Production Co. has agreed a deal with EnQuest to acquire a 100% interest in License P1996, made up of blocks 28/2b and 28/3b, containing the Elke and Narwhal discoveries. The transfer of the interest and assumption of operatorship…
Statoil and Repsol have agreed deals covering acreage in Norway, UK, US and Brazil. Statoil is to farm down 15% in the Norwegian Gudrun field to Repsol, retaining operatorship and 36% interest. Pending Repsol partner approval, Statoil…
North West Shelf (NWS) operator Woodside Petroleum said project participants have approved the Greater Western Flank Phase 2 (GWF-2) development off the northwest coast of Australia. GWF-2 will develop 1.6 Tcf of raw gas from the combined Keast…
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