London-based, Africa-focused Afren is entering into administration after failed refinancing and restructuring efforts. Image from Afren. The board appointed Simon Appell, Daniel…
BG Group’s revenue and operating income may have decreased in 2Q 2015, but the soon-to-be acquired company has also hit several milestones, including reaching record production levels in two countries. BG's QCLNG pipeline in Australia…
Dolphin Geophysical is acquiring 4192sq km of new Multi-Client 3D SHarp Broadband seismic in the northernmost region of the Norwegian North Sea. The survey targets both open and newly awarded APA acreage. Current acquisition progress stands at 40%…
Chevron’s results for 2Q 2015 show the company in a drastic drop of nearly 90% compared to last year, from substantial impairments that have lead the company to implement multiple efforts to improve future earnings and cash flows. Image…
Japan’s Agency of Natural Resources and Energy has chosen Tokyo-based operator Inpex to drill an exploratory well in the country’s offshore waters in the Sea of Japan. Exploratory drilling will take place from May to August 2016, 80-86mi…
Trelleborg Sealing Solutions is launching a new online resource for engineers at an international conference next month as part of its “commitment” to the oil and gas industry. The website – ‘oilandgas-seals.com’ provides a comprehensive…
Oil & Gas UK has launched new guidelines to minimize the frequency and duration of planned maintenance shutdowns and to improve the reliability and safety of installations on the UK Continental Shelf (UKCS) as part of the industry-wide drive to improve efficiency…
Marginal field-focused explorer Enegi Oil's joint venture with ABTechnology (ABTOG) has signed a collaboration agreement with global engineering and design consultancy Arup. Arup becomes the latest member of the Marginal Field Delivery…
Eni subsidiary Saipem is implementing a turnaround and US$1.4 million (€1.3 million) cost-cutting program from 2015-2017 that will downsize the company’s Brazilian and Canadian operations, vessels, and implement job cuts. The program also…
aeSolutions has announced the release of aeShield V4.0 with aeFacilitator, the latest version of their Safety Lifecycle Management platform. aeShield paired with aeFacilitator provides maximum value to customers by enabling different personnel/groups…
Peak Well Systems, a specialist in the design and development of advanced downhole tools for well intervention, has announced the launch of the FlexiDrift – an adjustable tool to confirm the minimum diameter specification of well bore tubing with the ability to cover a range of tubing sizes…
The Yolla-6 development well at the BassGas project offshore Australia has been successfully tied-in to export facilities on the Yolla platform and production from that well has commenced, according to partner AWE Ltd. Image from Origin…
OSBIT Power (OP), a leading Northeast England offshore and subsea engineering company, has successfully delivered two well intervention equipment projects, totaling several million pounds, to Helix Well Ops UK for installation on the Q7000…
Russia’s Rosneft and US-based ExxonMobil filed joint bids to participate in Mozambique’s fifth licensing round scheduled to close today (30 July). Map of the Angoche, Zambezi basins. From Mozambique National Petroleum Institute…
Oil major Shell today said the oil price downturn could last for several years, as it revealed 6500 expected staff and contractor reductions in 2015, as well as further capital and operational spending cuts. “Operating costs are expected to fall by over $4 billion…
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