Despite record levels of UKCS investment during 2013, the year proved to be disappointing both in terms of exploration and appraisal drilling activity and to a lesser extent the acquisition and divestments market. UKCS Drilling Levels 32…
A US court ruling has put a key document supporting oil major Shell's Chukchi Sea drilling in doubt. Over one partial objection, the US Court of Appeals for the Ninth Circuit (CA9, panel based in San Francisco) ruled that selection by the Bureau of Ocean Energy Management…
Cameroon's state oil company National Hydrocarbons Corp. (SNH) announced that it will offer a licensing round for four blocks, three offshore: Bomana, Lungahe, and Ndian River, all in the Rio Del Rey basin. The Bomana block covers 139…
London-listed oil and gas industry service provider Petrofac has placed the first long-lead orders for its new in-house-designed deepwater derrick lay vessel, to be built at the Shanghai Zhenhua Heavy Industry Co., Ltd (ZPMC) yard in China…
Noble Corp. today reported Q4 2013 net income of US$174 million, and for Q3 2013, the company reported net income of $282 million. Net income for the full year 2013 totaled $783 million, on revenues of $4.2 billion, compared to net income of $522 million on revenues of $3…
Aker Solutions completed the sale of its well-intervention services business area to EQT, a Swedish private equity fund.The unit was sold for an enterprise value of NOK 4 billion and the agreement includes an earn-out provision where Aker…
UK-based engineering and project management firm AMEC has said it has made a provisional offer to buy Switzerland-headquartered Foster Wheeler AG for US$3.2 billion.Foster Wheeler is an international engineering, construction and project management contractor…
Baker Hughes kicked off its first STEM event for high-school students in the Houston area this past summer, inviting 22 students to visit its drill bit manufacturing facility in The Woodlands, Texas. The success of the program, and positive feedback throughout the industry…
The Statoil-operated Peregrino field, one of Brazil’s most significant offshore producers, is a wealth of resources, including Norwegian- developed technology. Sarah Parker Musarra chatted with Statoil Brazil Country President Thore E. Kristiansen…
Royal Dutch Shell plc announced the successful completion of the acquisition of Repsol S.A.'s liquefied natural gas (LNG) portfolio outside North America for a headline cash consideration of US$4.1 billion. As part of the transaction…
At a meeting of the HRT's Board of Directors held on Dec. 20, 2013, resolutions were passed on the following motions by the majority of the members in attendance: To acknowledge that the election of Messrs. Edmundo Falcão and Marcello Pacheco is null and void…
Two workers were injured and production was slashed when a fire broke out aboard one of Petrobras’ Marlim field platforms, the production semisubmersible P-20. Marlim is located in Brazil’s Campos basin, about 110km offshore the state of Rio de Janeiro…
Fugro has reached agreement with The State Oil Company of the Azerbaijan Republic (SOCAR) to form a new Joint Venture for the performance of bathymetric, geophysical and geotechnical surveys, the provision of autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs)…
Oil spills around Trinidad began to be reported on 17 Dec, suggesting more than one source of contamination. The state oil company of Trinidad & Tobago, Petrotrin, suggested sabotage and environmental terrorism. The Oilfield Workers Trade…
Deepwater drilling rig contractors are facing an uncertain future, with an increasingly fragmented market favoring those who contract the vessels, according to an analyst. The comments follow market updates from rig operators including Transocean Ltd…
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