Production has finally started from Norway’s first Arctic oil field, at the Goliat floating production facility in the Barents Sea. The 180 MMbo field, the first producing oil field in the Barents Sea and the northernmost producing oilfield…
Farstad Shipping has recently sold and delivered two vessels. The PSV Lady Grete was sold on behalf of Farstad Shipping’s Singapore subsidiary, and delivered to the new owner on 29 February 2016. The AHTS Far Sea was sold through Farstad Supply…
The board of TGS has announced that Kristian Johansen will succeed Robert Hobbs as chief executive officer on 11 March 2016. Robert Hobbs to retire. Image from TGS. After eight years with TGS…
Elliot Kinch, business development manager for Interwell UK, has been appointed as the new chair of the Intervention & Coiled Tubing Association's European chapter (ICoTA). Kinch, who takes up his appointment March 2016, has served on the organization’s committee for two years…
Petrobras entered into a US$10 billion financing deal with China Development Bank (CDB) that includes a trade agreement for the Brazilian giant to supply oil to Chinese companies. Image from Petrobras…
Former Shell senior executive, Ann Pickard has been appointed as Woodside's non-executive director. Pickard retired from Shell in February, where she held numerous positions during her 15-year tenure with the company. She served as executive vice president…
US supermajor Chevron is set to shave its budget by as much as 36% by next year, as the company approaches the finish line for global construction projects, and sets its sights on increasing production. Jack/St…
As ExxonMobil decreases its capital spending budget this year by 25%, the supermajor looks to start up 10 new upstream projects between now and 2017 that will see its production capacity increase. Tillerson…
Cyberhawk Innovations completed an offshore remotely operated aerial vehicles (ROAV) inspection offshore Newfoundland, Canada, for an oil and gas operator. The multiple workscope project was completed over the course of two weeks. Cyberhawk used ROAVs to inspect the live flare…
After completing the world’s first wet gas compressor offshore Norway, OneSubsea looks to continue pushing the technology to new limits. The multiphase compressor station during installation. Photos from OneSubsea…
Current oil prices does little to support exploration and expanding developments. However, keeping an eye on the future, sub-saharan African nations show promise. Western African countries, such as Nigeria, have already seen the benefits…
DONG Energy has signed and completed an agreement to divest 50% of the 258 MW UK offshore wind farm project, Burbo Bank Extension, to Danish pension provider PKA and KIRKBI, parent company of the LEGO Group. Each investor will obtain a 25% ownership interest in the project…
Engineering and construction firm McDermott International has announced a string of new contracts offshore Australia and a few frame agreement focused on subsea projects offshore India. The frame frame agreement is with L&T Hydrocarbon Engineering (LTHE)…
West of Shetland basement fractured reservoir explorer Hurricane Energy has a new non-executive chairman after John Hogan announced his plans to step down from the board on completion of a three-year stint in the role in March of this year…
Norway's Det norske is expecting sailaway of the Ivar Aasen devlopment topsides in late may, with installation offshore Norway expected for July 2016. In a market update, the firm said key activities for the project, on the Utsira High…
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