ExxonMobil Corp. announced at its annual investor meeting in New York on 5 March, that it will reduce its capital spending 6% in a continued effort to focus on profitability and returns on invested capital. Shares fell nearly 3%. Last…
Experts from the global oil and gas industry have heard that a catastrophic disaster can – and will – happen again if the lessons of Macondo and other similar incidents are not learned and shared routinely. The stark warning was issued…
Xodus Group, Cathie Associates, and UTEC Geomarine have formed a consortium which will aim to reduce the costs of generating electricity from offshore wind farms in UK waters. The Carbon Trust’s Offshore Wind Accelerator (OWA), which brings together nine offshore wind developers (DONG Energy…
Glacier Energy Services has bought Professional Testing Services (PTS), the provider of non-destructive testing (NDT) and inspection services to the oil and gas and offshore renewable sectors. Headquartered in Aberdeen, Glacier’s…
Bergen Group has decided to accelerate the process of reducing the group's future involvement in the shipbuilding business in favor of a more dedicated focus on offshore related activities. As a part of this process, Bergen Group…
First cut for Marathon Oil's Alba field B3 compression platform project was marked at Heerema Fabrication Group's (HFG) HFG Polska yard, in Opole, Poland, with project partner Iv-Oil & Gas (Iv). Operated by Marathon Oil subsidiary Marathon E…
Schlumberger announced the launch of the PowerDrive Orbit rotary steerable system (RSS). The new RSS expands the operating envelope of rotary steerable technology by extending system life, delivering precise directional control, and increasing drilling efficiency…
An oil and gas discovery has been made on the Pil exploration well, which sits in the Norwegian Sea. London-based Faroe Petroleum said the Pil well (6406/12-3S) encountered a gross hydrocarbon-bearing reservoir section with about 135m…
Norway-based SeaBird Exploration announced that its Osprey Explorer vessel was awarded a contract in South America with a major oil company. The US $9million contract is expected to last about75 days and will commence in March. The…
Technip has been awarded a subsea contract by Eni Muara Bakau B.V. (Eni), operator of the Muara Bakau PSC, for the Jangkrik project located in the Muara Bakau PSC working area, about 70km off the coast of Makassar Strait, Indonesia, at water depth ranging from 200m to 430m…
Oryx Petroleum Corp Ltd. announced that the testing of the E-1 exploration well targeting the Elephant prospect in the Haute Mer A license area in Congo (Brazzaville) confirmed the discovery of natural gas and crude oil previously announced in September 2013…
McDermott International, Inc. announced that one of its subsidiaries was awarded a contract to provide the electrical power supply system for Saudi Aramco in the Abu Ali and Khursaniyah fields in the Arabian Gulf. This contract is included in McDermott’s 4Q 2013 backlog…
SOSINA Exploration Ltd. announced a new 3D seismic program, which is planned to be acquired by Polarcus in the southern Porcupine basin, offshore southwest Ireland. The non-exclusive multi-client survey, is projected to commence this summer…
Some 5Tcf of natural gas reserves are sitting undeveloped in the Southern North Sea, an event on the basin heard today (5 March). John Westwood, of industry analysts Douglas Westwood, was speaking at the Southern North Sea 2014 conference in Norwich…
Colombia’s offshore is not as widely explored as its conventional onshore space. The country, which has many resources including coal bed methane and even shale, is making a bigger push for offshore exploration. Colombia’s Vice Minister of Energy for the Ministry of Mines and Energy…
Subscribe
