SacOil terminated its joint venture with Nigeria’s Nigdel United Oil Co. that includes its participation in the oil production license 233, offshore Nigeria. Image from SacOil. The…
Viking Life-Saving Equipment is taking PPE to the limit. Meg Chesshyre explains. Viking’s polar liferaft is ready for use—even at -58°F. Photos from Viking Life-Saving Equipment Arctic…
Innovation, ingenuity and perseverance must take centre stage in the current oil and gas environment, attendees at a breakfast in Aberdeen heard this week. The event, jointly hosted by RBS and Scottish accountancy and business advisory firm…
According to Guyanese Online, Reuters, MercoPress and other news organizations, an ExxonMobil subsidiary and its partners have discovered hydrocarbons offshore Guyana, but the Guyanese government reports that it is not sure if the discovery can be confirmed in commercial quantities…
With West Texas Intermediate trading at US$60.13/bbl and NYME natural gas set at $2.94/MMBtu, hydrocarbon producers are looking for ways and means to survive the low price environment. Some of those that are best weathering the storm are those that made specific choices before the fall…
Nanotechnology has an abundance of applications for the oil and gas industry, according to a group of research scientists who addressed attendees Offshore Technology Conference in Houston. From non-stick fluids to contamination warning systems…
Permasense launched the ET210 Integrity Monitoring System to deliver continuous wall thickness and temperature measurements from topside or surface equipment directly to desk, that will help improve the economics and safety of offshore operations…
Subsea 7’s cost reduction program announced today includes cuts to its workforce by almost 20%, vessels by 28%, and is expected to lead to a corporate restructuring. Image from Subsea 7. The…
Spain’s Repsol is rolling out a new organizational structure following the acquisition of Canadian oil company Talisman Energy that places Repsol as one of the world’s largest private oil companies. Imaz…
Ultra-HPHT, other technologies advance despite oil price drop, but actual deployment in Gulf of Mexico could slow. Bruce Nichols puts it in perspective. Anadarko’s Lucius Truss Spar, located in 7100ft of water…
In the words of a wildly popular weekly US television series: “BP, you are in danger. Hess…you’re safe!” Due to current low oil price realizations, BP's consolidated cash flows in 1Q fell to about US$1.9 billion, a significant fall from a year ago…
Celebrating its 40th Anniversary, Offshore Engineer (OE) and Hasbro Inc, an American multinational toy and game company, teamed up to create a custom MONOPOLY Game for the offshore industry. The OE 40th Anniversary Collector’s Edition MONOPOLY…
BP and Total beat analysts’ predictions by reporting better than expected results this morning, despite consistently low oil prices. French oil major Total saw its fastest production growth in more than a decade and gains in its refining…
Low oil prices are challenging oil and gas operators. Two Houston-based companies, Fieldwood Energy and Schlumberger, whose operations are mainly in the Gulf of Mexico (GoM) discussed some challenges that their companies face due to today’s…
Jeannie Stell looks at offshore heavy oil development economics with an eye on the current low-price environment. ExxonMobil expects its 52-well Hebron development project offshore Newfoundland to bring in first oil in 2017…
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