A lot has changed for Statoil in the past four years. In 2010, the company had two core exploration areas (the Norwegian Continental Shelf and the US Gulf of Mexico), said Jez Averty, Senior Vice President of Exploration for Statoil, North America…
Sierra Hamilton LLC acquired all the assets of GeoPro GmbH of Hamburg, Germany to create a new operating subsidiary, GeoPro Geophysics LLC. GeoPro Geophysics will operate as a global seismic data acquisition, processing and interpretation…
Shell has appointed Houston-based consulting firm, Endeavor Management to advise the supermajor in preparation for a possible revamp of Shell's Chukchi Sea drilling campaign. Endeavor said it will provide support and advice for a third…
Aker Solutions’ former well intervention services business, which was acquired by private equity fund EQT VI in January this year, has been restructured and will operate under two brands from 22 Apr 2014: Altus Intervention and Qinterra Technologies…
Roc Oil Ltd. has farmed in to a production sharing contract (PSC) in three fields about 50m off Malaysia. The D35, D21 and J4 fields are 100% owned and operated by Malaysia’s Petronas Carigali, with Roc Oil holding 50% participating interest…
Global demand for energy and the technical challenges facing the oil and gas exploration and production industry means business as usual is no longer an option, Shell's chief technology officer says. Gerald Schotman said the industry…
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has received a letter of intent (LOI) from Eni Angola, a wholly-owned subsidiary of Eni, for a contract for the chartering, operation, and maintenance of…
BW Offshore has signed a Letter of Award (LOA) with Premier Oil for a floating production unit (FPSO) to operate on the Catcher oil field in the UK North Sea. The LOA will be converted into a final contract subject to final partner sanction…
Many positive changes have taken place in response to the International Oil and Gas Producers Association (OGP) recommendations for well control training, following the Macondo tragedy, but a culture shift in behavior and attitude is still needed…
The drilling fluids market is driven by increasing worldwide drilling activities, focused on deepwater. Onshore, operators are increasing their use of horizontal drilling in developing shale gas, CBM, and other unconventional resources…
Subsea 7 has designed, fabricated and installed more than 70 unique pipeline bundle solutions over the last 30 years. Here, the company provides an in-depth look at installing pipeline systems.
Down Mexico way. With reform underway, OE asked: What are the supply chain opportunities in Mexico? Manufacturing in Mexico has a 40% foreign component. This indicates in part that Mexico has not been able to deepen its own supply chain…
“The South China Sea is not the new Persian Gulf. It should just be thought of as an important part of the supply picture of this region,” Alexander Metelitsa, an economist at the US Energy Information Administration (EIA), told delegates at IP Week in London…
OAA finalists announced By Elaine Maslin The 2014, 28th Offshore Achievement Awards are due to be presented in Aberdeen this month, with a crop of talented individuals and companies shortlisted. The awards, organized and hosted by the Society of Petroleum Engineers Aberdeen Section…
Roc Oil has farmed out its entire interest in the Baker Manta Gummy (BMG) fields in the Bass Strait. The Australia-based firm sold its 50% interest and operatorship to Cooper Energy Ltd. for a US$924,959 cash payment, followed by a A$5 million contingent consideration…
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