Australia’s Tap Oil Ltd. recently provided an update on its commercial relations with the Thai entrepreneur, Chatchai Yenbamroong, and his Northern Gulf Petroleum Holdings Ltd. (NGPH). As disclosed in Tap’s announcement on 14 April 2015…
Statoil will make adjustments to the company’s structure and operating model to become a more “cost- efficient and fit-for-the-future” organization, it reports. The changes are part of the ongoing Statoil Technical Efficiency Program (STEP) and Organizational Efficiency (OE) programs…
A deadline between western nations and Iran over the country's nuclear activities in a move which could open the country to international oil firms has once again been delayed. A deal, which would see sanctions lifted on the oil and gas rich nation…
Elastec introduced a new product for offshore and nearshore oil spill cleanup. The X150 Skimmer Launching System is an oil spill response system with the capability to recover light, medium and some heavy oils in incidents. Elastec’s…
Staatsolie and Apache Corp. have signed a production sharing contract (PSC) for exploration, development and production of offshore Block 58 offshore Suriname. The agreement, with a 30-year validity, is divided into exploration, development and production phases…
Xodus Group appointed Andrew Sewell as global subsurface lead to oversee its global subsurface capabilities. Sewell has more than 24 years’ experience working in the oil and gas industry, initially as a geophysicist, and joined Xodus in 2012 as subsurface manager…
Siemens has celebrated the official christenings of the offshore wind industry’s first, purpose-built service operation vessels (SOV). The christening events took place in cooperation with Esvagt, owner of the two vessels, in Rostock, Germany…
Lundin Norway commenced the drilling of its second Alta appraisal well in the Barents Sea South, and the drilling of an appraisal well on the Edvard Grieg field in the Norwegian North Sea. Drilling has also commenced on the partner-operated…
Suncor Energy will plug and abandon the Niobe exploration prospect after failing to find significant hydrocarbons, according to partner Trap Oil. Niobe is located in license P.1989, in Blocks 12/26b and 27b in the UK North Sea. The…
Umbilicals International (UI), part of the Seanamic Group, has invested over US$2 million in new cable manufacturing lines at its Houston production facility. The two lines will streamline cable production, and marks a significant expansion…
GE Oil & Gas announced the official opening of its new innovation center in Newcastle, UK, designed to drive technology development for the subsea fields of the future. The center houses GE’s full suite of testing equipment for flexible pipelines…
Subsea cable and connector specialist Hydro Group has further strengthened its portfolio with the addition of a new state-of-the-art hydrostatic pressure vessel, following a US$393,000 (£250,000) investment. The 2.5m by 1.5m vessel…
The Petrobras Lava Jato (Car Wash) scandal is hitting Asia this week, as the names of two Singaporean shipbuilders are coming back into play for allegedly being linked to one of the largest oil and gas bribery and corruption waves to hit South America…
Supermajor BP is a step closer to starting up its US$7 billion (£4.5 billion) west of Shetland Clair Ridge development after a major heavy lifting installation campaign. BP, with partners ConocoPhillips, Chevron and Shell, oversaw the…
Wood Group has entered into a US$250million agreement with Antin Infrastructure Partners (Antin IP) to provide operating services for the Central Area Transmission System (also known as CATS) in the North Sea for up to 10 years, subject to certain regulatory and other consents…
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