Less than one year into his tenure as the President and CEO of KBR, Stuart Bradie will spend up to US$1 billion to streamline and reorganize the energy engineering and construction giant following the results of a strategic review he initiated in June…
Chilean helicopter services operator EcoCopter has prepared for a new contract with ENAP (Empresa Nacional del Petróleo), the Chilean national petroleum company, which started on 1 December 2014. Eurocopter…
Oil production has started at from a previously undrained compartment at OMV’s US$255 million Maari redevelopment, located around 80km off the Taranaki coast of New Zealand. The MR-8A well, the second in the drilling campaign, was side…
Magnomatics, the magnetic transmissions and ultra-compact motor company, signed an exclusive licensing deal with Zilift, a leading developer of permanent magnet technologies for innovative artificial lift applications in the oil and gas industry…
Oceaneering International has entered into a two-year charter for use of the Island Pride, a multi-service subsea support vessel owned by Island Offshore Shipping International. The vessel is expected to be available for work in the US Gulf of Mexico (GOM) in early January 2015…
SeaBird Exploration Plc received a letter of award (LOA) from TGS-NOPEC Geophysical Co. (TGS) to acquire up to 300,000km of 2D seismic data offshore Mexico and in the US Atlantic. The survey will cover a minimum of 150,000km and up to 300…
Offshore oil and gas mega projects are increasing in scale and cost. Some 41% of ExxonMobil’s 2015 capital spending for projects under construction in 2015 is likely to be directed to one project alone. Neda Djahansouzi, Energy Researcher…
Staff from a Scottish wave energy development firm which went into administration last week could now be given jobs at a new body set up to help develop renewable power from the ocean. The formation of Wave Energy Scotland (WES) by the…
Maersk Oil North Sea UK (MOUK) awarded DNV GL a multi-million dollar contract for the Culzean field development project. The Culzean project rendering. From KBR. Upon the terms of agreement…
Italy-focused independent exploration and production firm Sound Oil is planning to launch a takeover of fellow independent Antrim Energy by making an offer for all Antrim's listed shares. The move, which values Calgary-headquartered Antrim's issued share capital at £6…
Statoil is paying US$350 million to take a “time-out” in its Kwanza exploration drilling program offshore Angola. The Stena Carron. From Stena Drilling. The Norwegian giant decided…
Lundin Petroleum’s Kitabu-1 exploration well, in Blocks SB307/SB30, offshore Sabah, Malaysia, came up dry, the Swedish independent announced on 18 November. Lundin said that the primary reservoir interval contained poor quality siltstone…
Shell Gabon awarded Van Oord an engineering, procurement and construction (EPC) contract for the replacement of a dual 10km long oil export line. The EPC contract began this month and continues until summer 2015. The export line runs from the Gamba terminal…
Vallourec has received a contract to supply premium tubes and connections for the ultra-deepwater Kaombo field off Angola, operated by TOTAL E&P Angola. As part of this contract, Vallourec will supply 27,000 tons of OCTG (oil country…
BP is assessing a further phase development on its west of Shetland Clair field, which could see another new, large central processing facility built in the field. The move will seek widely spread areas of the estimated 7-8 billion barrel oil originally in place Clair field…
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