Floating production unit operator BW Offshore has taken a hit in revenues and profits following a fatal fire on one of its vessel offshore Brazil. However, the firm says it will recoup its losses after the fire on the Cidade de São Mateus floating production…
ExxonMobil confirmed a significant oil discovery on the Stabroek Block found 120mi offshore Guyana. The well, spud on 5 March 2015, was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana, and encountered more than…
In a potential stroke of good news for Noble Energy, the Director General of the Israeli Antitrust Authority, David Glio, announced his resignation on 25 May. However, Glio will remain in his role until August. Glio’s resignation is notable…
India’s petroleum minister Shri Dharmendra Pradhan led a delegation to Mexico and Colombia this week to meet with officials in each country in hopes of transforming the relationship among the three countries from “buyer-seller” to an “energy partnership…
Statoil launched its own investigation following a condensate leak on the Gudrun platform in February 2015 and found it to be of the highest degree of seriousness that could have been fatal. Gudrun…
Houston-headquartered drilling contractor Hercules Offshore sold four jackups that had been previously cold stacked since 2009. Despite the sale, 11 rigs in the company’s fleet remained cold stacked, five were added to that list this year alone…
According to Guyanese Online, Reuters, MercoPress and other news organizations, an ExxonMobil subsidiary and its partners have discovered hydrocarbons offshore Guyana, but the Guyanese government reports that it is not sure if the discovery can be confirmed in commercial quantities…
Mexican operator Pemex has reassigned Pemex Exploration and Production (PEP) Director General Gustavo Hernandez and replaced him with chief of staff Juan Javier Hinojosa Puebla, several news wires report. Bloomberg said that Hernandez…
The National Offshore Petroleum Titles Administrator (NOPTA) has granted a six-month extension to the permit year 5 of NT/P68 located offshore northern Australia, said MEO Australia Ltd. Permit year 5 will now end 26 October, plus give…
Premier Oil is planning to make sanction decisions on its Falkands Sea Lion and Norwegian Vette developments in 2016, the operator said this morning. The plans come as the firm says it is making “improved progress” on the completion…
GE Oil & Gas is expanding its oil and gas business, according to a group of GE executives speaking at this week's Offshore Technology Conference (OTC) in Houston. The company is focusing more closely on its clients’ needs and is expanding…
Tata Steel says it has become the first company to manufacture a submerged arc welded longitudinal (SAWL) line pipe installed through reeling method in the North Sea. Manufactured at Tata Steel’s Hartlepool 42in. UOE mill, the pipe was…
Kongsberg Maritime entered into a US$26.5 million contract to supply a complete electrical, instrument and telecom solution, including e-house, for the new Yinson Genesis floating production storage offloading unit (FPSO). The FPSO contract…
Few countries have been hit harder by declining crude oil prices in recent months than Venezuela, reports energy business advisory firm Douglas Westwood (DW). Falling oil prices have compounded Venezuela’s debt situation because crude oil represents about 95% of the country’s exports…
London-based junior explorer Sterling Energy is challenging the expiration of its first renewal period on the Ntem concession offshore Cameroon. The firm declared a force majeure on the 100% owned Ntem concession in May 2014, due to its…
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