After five years, BP reached a US$18.7 billion settlement agreement for the Deepwater Horizon disaster that the UK supermajor will pay over an 18-year period. Transocean's Deepwater Horizon before the explosion…
Det norske completed the drilling of appraisal wells 16/1-22 S, 16/1-22 A and 16/1-22 B on the Ivar Aasen field, according to the Norwegian Petroleum Directorate. The field is in the central part of the North Sea and was proven in 2008…
Danish software company SafeEx has launched the second generation of the SafeEx Software. The new version of the software is tablet-based and makes it both easier and more efficient to carry out Ex-inspections, as the technological functionalities…
Emerson Process Management has acquired Norwegian company Yggdrasil, a provider of flow assurance and production optimization software. Emerson will incorporate Yggdrasil’s METTE production optimization solution into the Roxar reservoir management software portfolio…
The Norwegian government has proposed how to divvy up stakes in the giant Johan Sverdrup field, with Det norske losing out. How to divide up the field has been in despute since earlier this year, resulting in a delay to the government's…
Energy XXI has closed on the sale of the East Bay Field for US$21 million to a private buyer. In addition, Energy XXI will retain a 5% overriding royalty interest on these assets for a period not to exceed five years from the closing date…
John Hogg, president at Skybattle Resources in Calgary, Canada, has assumed the presidency of the American Association of Petroleum Geologists (AAPG). Hogg, a native of Hamilton, Ontario, is an AAPG honorary member who previously…
Endeavor Management released a proposal for a joint industry project (JIP) to support the industry’s need for global best practice development in subsea decommissioning. The genesis of this JIP is the work completed for Petrobras by Endeavor…
Royal Dutch Shell made the final investment decision (FID) to advance the Appomattox deepwater development in the Norphlet formation in the Gulf of Mexico (GOM). The project includes the construction and installation of Shell’s eighth and largest floating platform in the GOM…
Diamond Offshore’s Ocean America semisubmersible is mobilizing to drill the first well for Karoon Gas Australia in the northern Carnarvon basin exploration permit WA-482-P offshore Western Australia. The Levitt-1 exploration well is expected to be spud during the first week of July 2015…
Electromagnetic Geoservices (EMGS) entered into two new data licensing agreements for the provision of 3D EM data from EMGS' multi-client data library in the Barents Sea. The agreements are worth a total of US$2 million. The multi-client revenues will be booked in the 2Q 2015…
Conductor Installation Services (CIS) completed a subsea piling operation for Subsea 7 in the UK North Sea. CIS used its remotely-operated subsea piling system, which makes it possible to drive piles as large as 42in in diameter, in water depths up to 300m…
Statoil has decided to suspend Scarabeo 5 due to overcapacity in its rig portfolio. The suspension will take effect once Scarabeo 5 has completed drilling of a well on the Kristin field in the middle of August, and will last until 1 March 2016…
Golar LNG, national oil firm Societe Nationale de Hydrocarbures (SNH) and French independent Perenco have agreed the commercial terms for the Africa's first floating LNG (FLNG) project. The project will be the first FLNG export project…
UK national standards holder NEL is investing £1 million to create the UK’s only flow meter calibration facility capable of testing at significantly elevated pressures and temperatures. This new test loop will reduce oil and gas operators’…
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