Seeking to cope with changing seismic market fundamentals, marine geophysical firm Petroleum Geo-Services (PGS) will centralize and streamline its operations, resulting in a reduction in its executive management team. PGS' Ramform Tethys…
Baker Hughes, a GE company, announced today (30 October) the introduction of its FASTrak Prism fluid analysis and sampling while drilling service. The service uses advanced sensors and proven technology to collect and deliver reliable, industry…
Mexico's National Hydrocarbons Commission (CNH) announced today that 25 companies have askes to sign up for the next deepwater round, Round 2.4, to be held on 31 January 2018. The companies that have signed up include those that have participated in previous rounds such as BHP…
More than 700 offshore fields are expected to cease production in the next five years, according to forecasts. Elaine Maslin reports. Two major events appeared to fire the starting gun for the UK’s offshore decommissioning market to take…
Oilfield services firm Expro has launched a new extreme high-pressure tubing conveyed perforating (TCP) gun system, delivering the largest perforation hole area available for frac and gravel pack completions. Designed specifically for challenging deepwater environments in the Gulf of Mexico…
Avitas Systems, a GE Venture, announced today (26 October) that it has formed a strategic partnership with Kraken Robotics to integrate autonomous underwater vehicles (AUVs), acoustic and laser sensor technology, and artificial intelligence…
Mediterranean explorer Energean Oil & Gas praised the “untapped potential” of its two blocks offshore Montenegro, which may hold 1.8 TCF of gas and 144 MMboe of liquids (438 MMboe in total), according to a new report by Netherland Sewell & Associates (NSAI)…
UK firm Independent Oil and Gas (IOG) says it expects to award key project contactors and submit a field development plan for its Vulcan Satellites hub later this month following a report which has significantly increased reserves numbers for the fields…
Borr Drilling has signed an agreement to acquire nine jackup rigs from Sembcorp Marine subsidiary PPL Shipyard, taking its fleet to 26 jackups, once all rigs under construction have been delivered. The acquired rigs have been built or are under construction at PPL's yard in Singapore…
Ensco plc announced today (5 October) that Ensco shareholders voted to approve the allotment and issuance of Ensco Class A ordinary shares to shareholders of Atwood Oceanics in connection with the all-stock acquisition of Atwood at the company’s general meeting of shareholders today…
ExxonMobil has further confirmed the potential of the Stabroek block offshore Guyana with a fifth oil discovery in the Turbot-1 well. Stena Carron drillship. Image from Stena Drilling. ExxonMobil…
Production has resumed at the Tamar gas field offshore Israel after a crack was found in an emission pipe used to release natural gas and pressure, according to partner Delek Drilling. Noble was performing upgrade and improvement as planned…
Uruguay's Ministry of Industry, Energy and Mining (MIEM) and national oil firm ANCAP have launched the Uruguay Round 3, an offshore licensing round. Image from iStock. Seventeen…
Mexico’s National Hydrocarbons Commission (CNH) has issued a call for bids for the country’s Round 3, consisting of 35 shallow water areas in the Gulf of Mexico. Image from iStock. The 35 areas cover some 26…
Well-Safe Solutions has appointed a director of well abandonment, adding to the new company's list of decommissioning experts. Matt Jenkins has joined Well-Safe from Conoco where he led the firm's UK plug and abandonment (P&A) engineering…
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