UK well services contractors have predicted they will suffer a 23% drop in revenues in 2015 as they to feel the full effects of the downturn in oil prices. The drop in 2015 revenues would follow a mere 1% increase in revenues in 2014…
Petrofac has been selected as duty holder for newly appointed southern North Sea Sean field operator Oranje-Nassau Energie (ONE), as of 1 June. Dutch operator ONE made its first step into UK waters when it bought a 50% stake in and took…
Afren’s Group Finance Director Darra Comyn (pictured) has resigned, effective this summer, the company announced on 12 June. The London-based, Africa-focused, explorer will now begin a search for a new CFO. Afren said Comyn will stay…
Asset Guardian Solutions (AGSL) announced that it received a contract from McDermott Asia Pacific provide its Asset Guardian software management toolset to protect and manage the software installed on the process control systems that…
The success of MeyGen will help lay the ground work for the future of the tidal power industry. The CEO of the company behind it, Atlantis Resources, believes he has the recipe for success. Elaine Maslin reports. Tim Cornelius…
Oil majors BG Group, BP, Eni, Royal Dutch Shell, Statoil and Total are jointly calling for international governments and the United Nations to introduce carbon pricing systems which could eventually be internationally connected. In what…
More than half (56%) of global oil and gas executives are ready to do deals in the next 12 months according to accountants and business advisors EY’s 12th biannual Oil & Gas Global Capital Confidence Barometer. The global survey of 112…
Shell Todd Oil Services (STOS) is a step closer to its latest drilling program on the Māui field offshore New Zealand. New Zealand's Environmental Protection Authority (EPA) has given a 35-year marine consent to the company, a joint venture between Shell and Todd Petroleum Mining…
Apparently undeterred by low oil prices, oil and gas output from ultra deepwater (>1000m water depth) fields will continue the relentless growth seen in recent years. Image from Shell. In…
Dutch oil and gas producer Oranje-Nassau Energie (ONE) has made its first step into the UK sector by taking over operatorship of the southern North Sea Sean field. The firm says its acquisition of 50% interest in and operatorship of the…
According to the latest analysis from Wood Mackenzie capital and operating costs in the UK and Norway's upstream sectors will decrease steadily this year as operators respond to lower oil prices. Wood Mackenzie projects that the biggest reductions will come in drilling costs…
Atlas Knowledge has been awarded a contract by INPEX to provide training for production workers involved in the US$34 billion Ichthys LNG project. The INPEX-operated project includes some of the world’s largest offshore facilities off the coast of Western Australia…
W&T Offshore encountered hydrocarbon pay at Ewing Banks 910 with the successful drilling and evaluation of the Ewing Banks 910 A-5 ST well in the Gulf of Mexico. The company logged 160ft of gross hydrocarbon interval and is currently completing the well…
More than 5000 jobs have been lost in the UK North Sea sector and more losses are likely, the CEO of trade body Oil & Gas UK says. Deirdre Michie, Oil & Gas UK’s recently appointed CEO, told reporters during a briefing in Aberdeen that this is a challenging time for the industry…
For the US energy industry, 2014 will be remembered as the year when crude oil prices fell below US$50/bbl, resulting in significant realignments in the sector. Aside from the oil price collapse and the historic high of domestic natural gas production…
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