Houston-based Marathon Oil Corp. announced today it has closed the transaction with Det norske oljeselskap for the sale of Marathon Oil Norge for a total transaction value of US$2.7 billion. After adjustment for debt, net working capital and interest on the net purchase price…
CNOOC discovered oil in its second Beibu Gulf well, WZ12-10-2, in Block 22/12, off the southern Chinese coast. The shallow-water (36m WD) location is about 1.6km (1mi.) east-northeast of the WZ12-8W platform and about 3.2km west-southwest of the previously drilled discovery well…
Emerson Process Management created a new global reliability management consulting practice to provide guidance on managing maintenance costs. The company says the catalyst for the new service was the 5-7% of unplanned downtime losses due…
Petrobras has begun production from FPSO Cidade de Mangaratiba, located in Block BM-S-11 of the giant Lula field. The start-up represents the first in the Iracema Sul area of the presalt Santos basin, located 300km off the coasts of the Rio de Janeiro and São Paulo states…
Belden Inc. released new research that shows the recently revealed Dragonfly (Havex) malware is likely targeting the pharmaceutical sector, not the energy sector as previously believed. Belden says until now, advanced cyber-attacks against…
The fifth SPE Russian Oil & Gas Exploration and Production Technical Conference and Exhibition at the All-Russian Exhibition Center in Moscow hit a record attendance on its first day with 1,775 unique attendees, marking a 19% increase on the previous event in 2012…
Maersk Oil North Sea UK Ltd. awarded Heerema Hartlepool Ltd. a contract for the engineering, procurement and construction (EPC) of the Culzean development’s well head platform (WHP) jacket. Maersk’s proposed Culzean development…
Saipem awarded BMT Group Ltd. a contract to supply the riser integrity monitoring systems for the Lula Norte and Lula Extremo Sul developments in the Santos Basin pre-salt region, off Brazil. BMT’s subsidiary, BMT Scientific Marine Services…
ROVOP is investing more than US$ 6.3 million (£4million) in a new purpose-built headquarters that will include training facilities, a full ROV underwater test facility and an internal 40-tonne overhead crane. The facility is located in the Aberdeenshire’s Westhill area…
Expro obtained a US$50 million contract to supply a high rate well testing package and ancillary services for the Inpex-operated Ichthys LNG Project, off Australia. Upon the terms of agreement, Expro will provide well testing, large bore subsea landing string…
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…
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