The first well drilled using the new build jackup giant Maersk Interceptor (pictured) have reaped successful results for operator Det norske, the firm said this morning. The new unit, operating in the Norwegian sector of the North Sea…
Strong performance in its subsea business has helped Technip offset “unsatisfactory” onshore and offshore revenues despite industry headwinds, the firm’s CEO Thierry Pilenko announced today. But, the chairman of France’s Technip, which recently launched a new subsea joint venture…
In this video, Lundin Petroleum shows the loading of the 16,000-tonne of steel and equipment comprised of both the main deck module and the process module for the Edvard Grieg platform onto barges, that occurred in the last days of March 2015…
The Statoil-operated Gullfaks gas field in the Norwegian Sea will use Nexans' innovative power umbilicals combining power, fiber-optic and hydraulic lines in a single cross section. The cables were handed over to Statoil this month. The…
Investment dollars are finding good value in the current low oil price environment, according to a panel of finance professionals who discussed the wealth of finance opportunities found in today’s oil and gas companies, at this weeks' CERAWeek in Houston…
Zeta Energy is offering up US$22.5 million for an unconditional takeover offer for Pan Pacific Petroleum NL (PPP). Map from PPP. The offer equals to $0.04 (A$.05) per share and will be made as an on-market cash offer…
Cobalt International Energy opted to plug and abandon its North Platte No. 2 appraisal well at Garden Banks Block 959 in the deepwater Gulf of Mexico due to a seal failure in the riser connection system, the company announced on 9 April. The well…
The 22,000-tonne topside for the new offshore platform for the Lundin Norway-operated Edvard Grieg field is ready for delivery, in line with the contract awarded three years ago. Image of the Edvard Grieg project…
Polarcus has secured further industry prefunding enabling the expansion of the Capreolus 3D multi-client project offshore Australia. The additional pre-funding will see the survey expand northwards with an additional 7130sq km to be covered…
Africa-focused proprietary investment firm L.A.T. Cleveson (LATC) signed an order with Damen Shipyards Group for two PSV 3300 platform supply vessels and two FCS 5009 fast supplier vessels. This order will bring next generation Damen…
Global investment in renewable energy reached record levels in 2014, including the record-breaking US$3.8 billion financing of the largest ever renewable energy plant, a Dutch wind farm project, a new report has shown. Image from Siemens…
Northern Offshore is delaying the delivery of two of its high specification jackups due to the downturn of the drilling market. The West Navigator. From NADL. Northern was able to…
Statoil hit big at its eighth discovery offshore Tanzania at the Mdalasini-1 exploration well, with an additional 1-1.8 Tcf of natural gas. Map of Block 2. From Statoil. Mdalasini…
Schlumberger has completed the acquisition of about 2750sq km of two new full-azimuth multiclient seismic surveys over the Garden Banks and Green Canyon areas in the Gulf of Mexico. Both shoots are the initial phase of the Revolution X and Revolution XI surveys and will provide full-azimuth…
OneSubsea delivered the world’s first subsea multiphase compressor to Statoil for the Gullfaks South field in the North Sea. The subsea multiphase compressor enables boosting of unprocessed wet gas production fluids, while eliminating…
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