Seadrill is keeping with its cost management program in part by delaying newbuilds, but still experienced a 7.8% decrease in revenue in 2Q 2015. The West Vela. From Seadrill. Currently…
Malaysia-based Bumi Armada Berhad saw a 22% decline in its revenue in 2Q 2015, but an increase in its EBITDA. Image from Bumi. The offshore oilfield service provider's revenue decreased by 22% to US$109 million (459…
Houston-based McDermott received its largest single award in the history of its Middle East operations today (27 August) by Saudi Aramco for brownfield work off Saudi Arabia. Signing the LTA. Image from McDermott…
The Coast Guard Sector New Orleans responded to a report of a natural gas pipeline fire, 25mi south of Marsh Island on Wednesday (26 August). Watchstanders at the Coast Guard received notification at 8:30 p.m. that a natural gas pipeline had ruptured and was on fire…
Five companies have been named as new North Sea player MOL Energy's collaborative partners, as part of an alternative approach to supply chain management championed by the firm's UK managing director. MOL says that after putting into…
Australian oil and gas explorer Tap Oil announced its entry into Myanmar to explore reserves in the shallow water areas in the Moattama basin. Tap, along with its joint venture partners, will explore the 13,000sq km Block M-7 located 160km east of the 6…
Amec Foster Wheeler has been awarded a three-year integrated services contract (ISC) by Maersk Oil covering its North Sea assets. The value of the contract has not been announced. The integrated services will start in September 2015 and will run for three years…
Total has agreed to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal in a US$905 million (£585 million) deal. Subject to regulatory approvals, the assets will be bought by North Sea Midstream Partners…
Shell has contracted Norwegian accommodation vessel operator Prosafe's Regalia unit to support work on the Brent C platform in the UK sector of the North Sea. Brent C is one of four platforms on the Brent field which Shell is working towards decommissioning…
CGG's E&P data management solution for the seismic, well and production modules in the Diskos database, Norway’s National Data Repository, is now in production and accessible to all members of the Diskos group. The Diskos implementation…
In this video, Peak Well Systems shows its SIM and SIMPLUS Systems that can be fitted with straddle tubes between an upper and lower packer to provide isolation across the straddled zone. The SIM System enables operators to deploy flow control devices…
Danos has been selected by Shell to fabricate three boarding valve skid assemblies for its deepwater Appomattox project. The project, which will engage five Danos divisions – coatings, fabrication, instrumentation and electrical, project management and procurement – will begin immediately…
Maersk Oil says it is planning to shut its Janice floating production unit (FPU) next year and change its offshore rotation system as it looks to reduce costs amid the falling oil price. About 200 onshore and offshore jobs could be lost as a result of the move…
Oil services giant Schlumberger (SLB) entered into a deal to acquire Cameron International in a US$14.8 billion stock and cash deal that will offer the industry’s first complete drilling and productions systems. Image from Schlumberger…
Shell has made a hydrocarbon discovery on the West-1 (Auriga) well on the northern Browse Basin offshore Australia. Shell has been drilling the well, in Petroleum Permit Area AC/RL9, using the Stena Clyde semisubmersible drilling rig (pictured)…
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