Independent explorer Cairn Energy is looking to restart drilling offshore Senegal 'shortly' with some 500 MMbbl extra resources in its sights, the firm said this morning. The latest drilling program off Senegal, will include appraisal of the 'world-class' SNE discovery…
Noble Energy has been named the successor operator of the Thunder Hawk production facility, according to the company’s Q2 2016 report. Scant on details, Noble did confirm that the deal is expected to become effective within Q3 2016, subject to regulatory approval…
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…
Teekay Offshore is to take a hit of US$43.7 million after cancelling construction contracts for two flotels, described by Teekay as units for maintenance and safety (UMS). The firm also says it suffered a drop in income due to its Arendal…
Assets and activities of inspection, examination and engineering services firm IMES have been bought out of administration by Seanamic Group. Administrators from KPMG were appointed to IMES on 10 August. The company, which had a turnover of around £5 million…
Infographic from McKinsey Solutions. These projections are taken from Energy Insights’ Global Gas Outlook to 2030. For your free Executive Summary of the findings included in the report visit www…
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…
Oceaneering’s Justin Pizzitola discusses the use of an open water dual coiled riser based system for rigless stimulation. Back deck of an Oceaneering vessel. Images from Oceaneering International…
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…
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…
Statoil is applying new concepts and new thinking to the Johan Castberg development on the Norwegian Continental Shelf. It’s a DC fiber optic future, Elaine Maslin reports. Transocean’s Polar Pioneer semisub drilled the Skrugard prospect in 2011…
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…
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…
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…
Shell has made a major discovery in the US Gulf of Mexico (GOM), the firm revealed as part of its 1H results this morning. The firm said initial estimated recoverable resources for the Fort Sumter well is more than 125 MMboe. Further…
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