Geoscience firm Spectrum has agreed a multi-client master co-operation deal with the Somalian government. The agreement allows Spectrum to acquire approximately 28,000km of long offset 2D seismic data offshore south Somalia. The new acquisition has been specifically designed to complement 20…
Rosneft succumbed to a drop in revenue and net income for 1H 2015, however came out ahead in its 2Q 2015 results with an increase of as much as 150%. Image from Rosneft. Revenue for 1H came in at US$46…
Singapore’s Keppel Offshore & Marine has agreed to buy Cameron International’s offshore rig business for US$100 million, comprising of the LeTourneau jackup rig designs. Keppel says the LeTourneau suite of jackup rig designs have been…
Ahead of next week’s SPE Offshore Europe 2015, Audrey Leon spoke with OneSubsea’s Don Sweet about how he got into the industry and what technologies he’s keeping an eye on. Sweet. Image from OneSubsea…
Europe is facing a tough downturn, but it will not last forever. Rystad’s Audun Martinsen takes a look. Clair Ridge modules onboard Dockwise’s Mighty Servant transport vessel earlier this year…
Spending on floating production systems is expected to increase 73% in 2015-2019, with US$81 billion due to be spent over that period. Douglas Westwood analyst Ben Wilby sets the scene. BG Group’s Knarr FPSO…
Audrey Leon spoke with Infield Systems’ analysts James Hall and Wei Liu to get the bigger picture. According to Infield Systems, the offshore pipeline installation market over the next 12 months will be challenging. Infield has revised…
High oil prices in a mature basin led to a tight market and cost escalation. With low oil prices, the industry is working hard to rein in spending. Elaine Maslin spoke to Oil & Gas UK CEO Deirdre Michie on some of the initiatives underway…
The 2014-15 oil price collapse has unquestionably severely dented confidence in the global offshore oil and gas industry, with job losses above 150,000 and tendering largely on hold. Sander Vergroesen…
Statoil has opted for Aptomar’s TCMS tactical collaboration and management system at the energy company’s field monitoring centre at Sandsli in Bergen, Norway. Under the contract, Aptomar will provide Statoil with TCMS (Tactical Collaboration and Management System) workstations…
Floating production vessel operator BW Offshore has posted a 3% rise in operating revenues but says, which outsourced floating solutions remain an attractive option, the low oil price environment will see a reduction in orders that is expected to be prolonged…
North Sea-focused Independent Oil and Gas (IOG) is aiming to drill an appraisal well on the Skipper discovery later this year with contractor led funding. Image from IOG. The…
An online information management system for the offshore decommissioning market has been launched by well management and performance improvement specialist, Exceed. The Aberdeen-based company has invested in excess of £300,000 in the development of iVISION…
Brazil’s National Petroleum, Natural Gas, and Biofuels agency (ANP) expanded on its approval of the country’s 13th bid round, with the announcement of more than 22 of 39 applications from international oil and gas companies. Magda Chambriard…
Trelleborg Sealing Solutions has produced a new innovative seal for a 'ground-breaking' valve designed by Schoolhill Hydraulic Engineering for BP’s Shah Deniz field. The high-flow, high-integrity, safety critical subsea quick exhaust valve (QEV)…
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