Statoil's CEO has resigned in order to take over UK-based BG Group as CEO on a US$2.4 million (£1.5 million) annual basic salary, plus benefits. Image: Helge Lund. From BG Group. Helge Lund has been Statoil's CEO since 2004…
After two and a half years, Santos Gladstone Liquefied Natural Gas (GLNG) fed natural gas into its 420km gas transmission pipeline for the first time using its primary compressor station in the Fairview field in southwest Queensland. Santos…
SBM Offshore is using the TrustLube automatic lubrication system for Shell’s Prelude. According to TrustLube, its system consists of an explosion-proof grease cabinet to lubricate the radial wheel, axial boogie and axial boogie guiding of the world’s largest turret…
DNV GL established a liquefied natural gas (LNG) solution group in North America. Bjørn-Harald Bangstein, DNV GL director of operations maritime advisory, Americas. DNV GL says that in addition to deep LNG expertise…
Chevron Thailand E&P Ltd. awarded Rolls Wood Group (RWG) a contract to service Rolls-Royce industrial gas generators operating at four separate offshore production facilities located in the Pattani Basin, 120 mi. from Thailand’s southern coastline…
India's state-owned Oil and Natural Gas (ONCG) awarded Aban Offshore Ltd. a US$91.33 million contract for the deployment of its jackup rig, Aban IV. The contract is for three years and is expected to begin 1Q 2015.
Watch as Teekay Corp.’s largest project, the FPSO Petrojarl Knarr, sails away from South Korea to Norway. It took three Fairmount Marine tugs 61 days to tow the FPSO off Norway where it is deployed in the Knarr oil and gas field…
Deepwater exploration offers one of the few attractive places for today's international oil companies, but costs will need to be curbed to make it work, senior executives said in Aberdeen today (14 October). Total's…
Italian explorer Eni picked up two new exploration assets offshore Vietnam from state-owned oil company PetroVietnam, the company announced on 13 October 2014. Eni’s CEO Claudio Descalzi (pictured) and PetroVietnam president DO Van Hau…
Lundin Norway has found gas and oil in wildcat well 7220-11-1 on the Alta prospect in production license 609 in the Barents Sea. The well was drilled about 20km northeast of the Gohta oil and gas discovery 7120/1-3 and about 190km northwest of Hammerfest…
Statoil and its Tanzanian co-venture Exxon Mobil have made a seventh gas discovery offshore the prolific East African country. The Giligiliani-1 discovery contains some 1.2 trillion cubic feet (Tcf) of natural gas in place, taking total In place volumes in Block 2 to about 21Tcf…
Wood Group Mustang has been awarded the pre-front-end engineering design (pre-FEED) contract by Statoil for the proposed Snorre C tension leg platform (TLP) to be located on the Norwegian continental shelf. Work is being conducted by…
General Electric today agreed to pay US$1.78billion for Milestone Aviation Group, the world’s largest helicopter leasing company. Helicopter transportation is fundamental to the offshore oil industry, and the market for oil & gas…
T.D. Williamson (TDW) carried out a subsea pipeline pressure isolation that protected divers during a wye installation in the Gulf of Mexico. The installation was of a piggable wye to tie-in a new deepwater oil and gas system in the GoM…
Petroleos Mexicanos (Pemex) awarded the Houston-based, Cameron-Schlumberger joint venture OneSubsea, a US$270 million subsea production systems contract for the Lakach deepwater project offshore Mexico. The Lakach project is the first deepwater subsea field to be developed by Pemex…
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