Brazil’s interim president Michel Temer has appointed Fernando Bezerra Filho as the country’s new mines and energy minister amid a political battle that suspended Brazilian president Dilma Rousseff from office yesterday (12 May). Image of Filho…
TGS has acquired approximately 141,000km, or 75%, of the planned 186,000km 2D seismic project, Gigante. Gigante covers the entire offshore sector of Mexico and ties into TGS' regional 2D seismic grid covering the entire US Gulf of Mexico…
Douglas J. Pferdehirt has been appointed president and CEO of FMC Technologies, effective 1 September 2016. Pferdehirt will succeed John T. Gremp, who will continue to serve as chairman of the board of directors while the company completes its transition to the new CEO…
Hyundai Heavy Industries (HHI) is spurring efforts to enhance its competitiveness by implementing intense management reform plans including the voluntary retirement of manager-level employees, the company announced today. “Along with the 25% cut of senior managers last month…
Weatherford's CEO is not kidding when he describes the 'brutality of length of this down cycle.' His firm has felt it as much as any. 'We have now gone beyond leveraging cost, efficiency and performance,' the CEO says in his Q1 report. The pace and level of the cuts has been hard to track…
A new report produced for the Energy Technologies Institute (ETI) says there are no technical hurdles to permanently and safely storing large quantities of CO2 deep underground off the coast of the UK. There is also the potential for…
Earlier this year, Marathon Oil’s North Sea business was issued with an improvement notice after its failure to inspect the integrity of an 8in high-pressure pipe on its Brae Alpha facility. A failure in the pipe on 26 December 2016 resulted…
India’s Oil and Natural Gas Corp. (ONGC) has received approval from its board of directors for the development of its proposed US$5.1 billion deepwater oil and gas project, offshore east India. Image from ONGC…
Bristow Helicopters gave the passengers on its last scheduled flight to and from CNR International's Murchison platform in the North Sea a special fly-past viewing to mark the occasion. These pictures, by Bristow pilot Captain Jonathan Binnie…
Ireland’s Lansdowne Oil & Gas has failed to farm out of two licenses off the south coast of Ireland, due to industry conditions that will prevent drilling at the prospects. “Due to adverse industry conditions, attempts to farm-out SEL 5/07…
Oil major BP has posted a replacement cost loss of US$485 million in Q1 2016, compared with a profit of $2.1 billion a year ago, as it battles the continuing low oil prices. Yet, the firm is set to see production levels lifted as a string of new projects come onstream through 2016-2017…
Increased production from Chevron's high-pressure, high-temperature Erskine field has helped boost profits and reserves for UK independent Serica Energy. The firm acquired an 17% stake in the field, at a time when it was expected to produce 2100 boe/d net to Serica at $30/bbl operating costs…
Talisman's new Montrose bridge linked platform (BLP) topsides has sailed out from the Heerema Fabrication Group's Zwijndrecht yard, 12mi south of Rotterdam. The 10,500-tonne, 75m-long, 40m-high, topsides will make a short stop off at Schiedam…
The wellhead jacket and the access deck have set sail from the Netherlands and are headed for Maersk Oil’s ultra high pressure, high temperature Culzean development in the UK North Sea. Heerema Fabrication Group (HFG) announced the completion of both projects…
The Petroleum Safety Authority Norway has given Statoil consent to use the Stena Don mobile drilling facility for drilling and completion of wells 35/11-B-22 and B-13 in the Fram field in the North Sea. Fram is an oil field in the northern North Sea around 20km north of Troll…
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