It goes without saying that Art Berman with Labryrinth Consulting Services has a belief about oil prices that is likely not shared by many in the oil and gas industry: Berman believes the prices should be lower. “Prices have to fall further…
Noble Energy revealed a 15,000 boe/d increase in its Q4 2015 sales volumes for both offshore and onshore fields to an estimated 405,000-415,000 boe/d. Map of Noble's Gulf of Mexico assets. Image from Noble…
Kosmos Energy announced that Yves-Louis Darricarrère has been appointed to its board of directors effective immediately. Darricarrère retired earlier this year from Total after a distinguished 37 year career in which he served most recently as executive vice president of Total…
Electromagnetic Geoservices (EMGS) announces that the company has entered into a data licensing agreement with an international oil company for the provision of 3D EM data from the multi-client data library over the Daybreak project located in the western US Gulf of Mexico worth a total of US$1…
Fugro has been awarded a three-year contract by PGS for the provision of precise satellite positioning systems for its entire seismic vessel fleet. Fugro, a provider of precise satellite positioning to the offshore oil and gas industry…
Image: Colin Shellard/ Offshore Installation Services Offshore Installation Services (OIS) named Colin Shellard as its new managing director. Based in Aberdeen, Shellard is responsible for setting the strategy at OIS…
Statoil has, on behalf of the Johan Sverdrup partners, awarded contracts for the linepipe, coating and pipe installation of the Johan Sverdrup export pipelines. The total contract value is estimated at slightly less than US$288 million (NOK 2…
US-based Freeport-McMoRan (FCX) is cutting two vessels in the Gulf of Mexico in an effort to defer investments in several of the company’s long-term projects due to the oil and gas market slump. Image from FCX…
Amplus Energy Services, a floating production solutions firm headquartered in Aberdeen’s Grandholm area, has struck a deal with Technip in the UK to work together to develop untapped oil reserves in marginal fields in the North Sea. With…
BP Egypt has completed its acquisition of 22.75% in the North Alexandria Concession and 2.75% in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel. The acquisition will bring BP’s working interest in both concessions of the West Nile Delta project to 82…
Ophir Energy has cut its planned development cost and signed a heads of agreements for LNG offtake from its Fortuna FLNG project offshore Equatorial Guinea. Gross capital costs on the project - due to be Africa's first floating LNG project…
Ingen Ideas, an Amec Foster Wheeler company, has been awarded an £8 million contract by Marathon Oil for multi-discipline engineering contract on Marathon Oil’s Brae Complex in the North Sea. The contract started in October 2015 and will run for five years…
Wood Group has secured its second front-end engineering design (FEED) contract for the proposed Browse floating liquefied natural gas (FLNG) Development offshore Western Australia. Under the new contract with Woodside, effective immediately…
Houston-based Helix Energy Solutions and Jurong Shipyard entered into a second amendment to delay the construction of Helix’s Q7000 newbuild semisubmersible well intervention vessel. Image from Helix Energy Solutions…
Trendsetter Engineering was awarded a contract to design, manufacture and test the industry’s first 20,000 psi valve‐based capping stack. This capping stack will be capable of containing high pressure, high temperature subsea oil wells in the event of a subsea well‐control incident…
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