Cost reduction measures continue at Fugro, as the company plans to further reduce its workforce and fleet in the remainder of 2016. Image from Fugro. During 1H 2016, Fugro cut its headcount by 585…
PJ Valves (PJV), a valves manufacturer and supplier, has been awarded more than US$1.3 million (£1 million) worth of contracts to supply over 1000 valves to Maersk Oil’s Culzean field in the UK North Sea. PJV will manufacture forged…
Vaalco Energy entered into a deal with Sojitz Etame to acquire an additional 3.23% stake in the Etame Marin Permit, offshore of the Republic of Gabon, West Africa. Gabon operations. Image from Vaalco…
UK supermajor BP has completed construction work of Clair Ridge, west of Shetlands Islands, bringing its US$6 billion investment closer to production. Clair Ridge. Image from BP United Kingdom Twitter…
Meg Chesshyre speaks with Heerema Fabrication Group’s CEO Koos-Jan van Brouwershaven about the firm’s activity in both the oil and gas and renewable markets. The Culzean wellhead jacket, under construction…
In this video, Anadarko talks about its Heidelberg project, in the Green Canyon area of the Gulf of Mexico. Heidelberg, which came onstream four months ahead of schedule in January 2016, is an 80,000 b/d floating production facility…
Nearly 400 members of Unite and RMT unions working for Wood Group across eight Shell oil and gas platforms in the North Sea have gone on strike today. The strike is the first in 28 years and is over a dispute over 30% pay cuts and changes to allowances…
Oil firms have shown a strong 'survival' reflex, achieving cash flow neutrality at US$50/bbl, but it's at the cost of investment and will damage growth, according to analysis by Wood Mackenzie. The firm says 56 companies covered in its…
While outages in Canada and Nigeria have helped a rally in oil prices, the outlook for 2017 isn't looking favorable as new projects come online, says Douglas Westwood. Matt Cook, who has authored the firm's World Drilling and Production…
The Bevel 360 tool in operation. Photos from OMS. In deepwater pipeline projects, welding fatigue-sensitive steel catenary risers (SCR), corrosion resistant alloy (CRA) pipes and flowline pipes to tight specifications is critical…
Singapore-based Sembcorp Marine will acquire 50% interest in Norwegian process design and engineering group KANFA Aragon, from Sevan Marine in a US$2.3 million (NOK 20 million) deal. Image from Kanfa Group…
Triangle Energy entered into a deal with AWE Ltd. for 57.5% stake in the Cliff Head oil field, in the offshore Perth Basin, Western Australia. The Cliff Head oil field is located 10km off the coast of Western Australia at a water depth of 15-20m…
Riyaz Ali from Emerson Process Management describes the problems and possible solutions for testing the final control element of Safety Instrumented Function loops. Accidents in process industries have created concern as to whether functional safety protects personnel…
North Sea exploration firm Independent Oil and Gas (IOG) has agreed to buy Oyster Petroleum off Verus Petroleum (previously Bridge Energy) for up to £3.25 million (US$4.6 million). The move will see IOG take over 320.7 Bcf (53.45 MMboe)…
GE Oil & Gas has completed the qualification of its upgraded 36kV high voltage wet mate connector. MECON WM 36/500 is designed to offer greater reliability and predictability in subsea power system connections, and can be used with equipment such as transformers…
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