Oil and gas services giant Halliburton will shell out nearly US$18.3 million to more than 1000 employees after an investigation by the US Department of Labor. Image from Halliburton Twitter. In…
Landmark, a Halliburton business line and provider of software for the upstream oil and gas industry, and Palantir Solutions, a provider of asset and corporate-level scenario planning software, have formed an alliance to develop a fully integrated economics…
Wood Group has acquired Automated Technology Group (ATG), an independent suppliers of control and power solutions for industrial automation. ATG will perform within Wood Group Mustang’s automation and control business unit, providing…
Mexico is one of the largest producers of petroleum and other liquids in the world, the fourth-largest producer in the Americas after the United States, Canada, and Brazil, and an important partner in US energy trade. In 2014, Mexico accounted for 781…
OneSubsea has been awarded a front-end engineering and design (FEED) contract for the Greater Enfield Area Development offshore northwest Australia. The FEED study, which will be conducted by OneSubsea’s local team in Perth, will include…
Statoil's US$2.34 billion Asgard subsea gas compression project came onstream last week as the world's first subsea gas compression facility 300m below the surface of the Norwegian Sea. In this illustrated video, the Norwegian giant shows the installation and how it will work…
Husky Oil Operations Ltd. pulled the plug on its drilling contract with Seadrill for the West Mira vessel one week after Seadrill canceled the newbuild’s order with Hyundai Heavy Industries (HHI). West Mira illustration…
Falklands focused Argos Resources has completed a farmout agreement with Noble Energy Falklands and Edison International over license PL001 in the North Falklands Basin. The agreement will allow exploration drilling on the license, which…
Independent explorer Kosmos Energy has decided to pull out of its three licenses in the Porcupine Basin, offshore Ireland. According to partner, Ireland-based Europa Oil & Gas, Kosmos has withdrawn from the joint operating agreements…
Claxton has installed a high-pressure drilling riser system as part of a multimillion-dollar contract for the Catcher area field development in the central North Sea. “Claxton was the only company to offer Premier Oil a fully-forged…
Wood Group has been chosen by Statoil to provide four-year operations and maintenance at the Peregrino field offshore Brazil. The contract covers two wellhead platforms (Alpha and Bravo) and modification services for both units and the Peregrino FPSO…
In a comprehensive analysis looking at the impact of cost deflation on the global upstream oil and gas sector, Wood Mackenzie concludes that while operators are seeking an average cost reduction of 20-30% on projects, supply chain savings…
For much of the period since the year 2000 – characterized by high and rising oil prices, and long-term concerns over global oil supply – decommissioning took a backseat. Asset lives were extended through improved recovery, enhanced maintenance…
Ireland-based explorer Providence Resources has signed a strategic and incentivised exploration collaboration agreement with Schlumberger in respect of the southern Porcupine and Goban Spur Basins, in which Schlumberger will underpin Providence’s…
The largest number of applications in an Irish offshore licensing round have been submitted in the 2015 Atlantic Margin Licensing Round. Some 43 applications for licensing options, from majors and independents, were submitted by the Friday 16 September deadline…
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