Weatherford International has announced the development of the HeatWave Extreme service for commercial use by Chevron Thailand. The HeatWave Extreme service includes a logging-while-drilling (LWD) tool string capable of withstanding temperatures of up to 410˚F (210˚C)…
First oil started from the Edvard Grieg field in the Norwegian North Sea 28 November 2015. The Edvard Grieg field is part of PL338 on the Utsira High in the North Sea, about 180 km west of Stavanger. The development comprises a steel jacket platform and 22…
Oil major Shell has been fined £22,500 after admitting failures that led to an oil leak in the North Sea. The leak, the biggest in a decade in the North Sea, was discovered on 10 August 2011, when oil was spotted on the sea surface near Shell’s Gannet F field…
TGS is reprocessing some 22,847km of 2D seismic offshore Portugal thanks to success in the conjugate offshore Newfoundland and Nova Scotia. This project, which uses TGS' broadband solution Clari-Fi, is now fully underway, said the firm…
The confidence of North Sea oil and gas contractors is at an all-time low, according to a new industry report released today. Four in five contractors (79%) surveyed say they are less confident in their prospects than a year ago, compared to just 1% that are more confident…
Faroe Petroleum has completed an up to US$20 million deal to acquire Roc Oil (GB Holdings), which holds 12.5006% interest in the Blane field and a 12.00% interest in the Enoch field, both in the UK North Sea. Roc Oil GB is a subsidiary of Roc Oil Company…
Some 40-50% of savings or efficiency gains need to be made if the industry is going to survive the low oil price regime we are in, an industry event was told in Aberdeen today. 'For us to survive this long-term, to get by on the oil price as it is…
As Stone Energy reported a net loss of US$8.4 million in Q3 2015, the company’s operations in the Gulf of Mexico are moving full steam ahead, with exception of the decision to shed a minority stake in one non-operated project, in addition to cutting some of its workforce in Q4…
Houston headquartered Apache has unveiled a string of discoveries it has made in the UK North Sea which could increase its total North Sea reserve base by 50% and result in investment in new production facilities. The company says it has made two 'significant' discoveries in the Beryls area…
Hibiscus Petroleum's wholly-owned subsidiary Carnarvon Hibiscus (CHPL) has commenced drilling operations at its Sea Lion-1 exploration well, off the coast of the state of Victoria, in southeast Australia. Not to be confused with Premier Oil's Sea Lion project offshore the Falkland Islands…
US-based Era Group’s Brazilian joint venture Aeróleo Taxi Aero received notification from Petroleo Brasileiro (Petrobras) that Petrobras will cancel the ongoing tender process for heavy and medium helicopters, leaving the helicopter with a potential workforce reduction…
Although Houston-based FMC Technologies fell 22% in its 3Q 2015 revenue, the company managed to book US$1 billion in subsea orders, and added US supermajor Chevron to its 20k JIP. FMC ROV. Image from FMC Twitter…
The big four oil services companies released their 3Q 2015 reports this week and the news is a sign that things are not improving in the sector, and in particular in North America. However, globally, thousands more job cuts are expected. Halliburton…
Brazil’s National Agency of Petroleum (ANP) held the 13th Bidding Round for exploratory blocks yesterday (7 October) that almost mirrored Mexico’s Round One, in that the ANP was only able to sell 37 out of the 266 blocks offered. Brazil's 13th round…
The US Department of the Interior announced it will cancel two planned Arctic offshore lease sales under the US government’s current five-year plan for 2012-2017 due to Shell’s failed Arctic campaign and current market conditions, which left…
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