Drill floor operations on the Rowan Norway. Image from Xcite Energy. Work on the Bentley heavy oil field in the North Sea showed the significance of experimental data when unconventional fluids are expected to be transported through pipelines…
Baker Hughes issued the June 2014 international rotary drilling rig count this week, showing a total of 1344 rigs operating outside the US & Canada in June. International activity was down 6 rigs from the 1350 rigs drilling in May 2014…
Energistics, the upstream oil and gas open standards consortium, has published the Unit of Measure (UOM) Standard V1.0. This new standard includes the Unit of Measure Dictionary and the Unit Symbol Grammar Specification. This standard is a harmonization of several industry UOM standards…
On 25 June, London-based Premier Oil plc announced the appointment of Tony Durrant as Chief Executive Officer. Durrant joined Premier in June 2005 and has served as Finance Director of the company for nine years. Prior to joining Premier…
Premier Oil is ramping up towards offshore installation work on its Solan field development in Block 205/26a, in 135m water depth, west of Shetland, in the UK North Sea. Construction and onshore commissioning of the four-legged Solan…
Japan's Mitsui Corp. Ltd. is looking toward increasing its investments in Mexico, after the Mexican Congress voted in December to open the oil and gas industry to foreign companies. The Wall St. Journal reported last month that Yasuhiro Uchida…
First production from an appraisal well has extended the southern limits of the high-pressure/high-temperature (HPHT) Jade gas condensate field in the UK Central North Sea, Houston-headquartered ConocoPhillips announced today. The Maersk…
Two Subsea 7 board members have resigned so that the company can use its vessels for energy development related projects in US waters. The move, which saw Robert Long and Allen Stevens, both US citizens, step down, was to enable Subsea 7…
Premier Oil has sold interest in six Central North Sea offshore licenses to Hungary’s MOL Group for US$130 million, the duo announced on 30 June 2014. The sale includes non-operated equity stakes in the Nexen-operated Scott (21.84%), Rochelle (15%) and Telford (1…
Royal Dutch Shell is selling a major portion of its stake in Australia's Woodside Petroleum Ltd., raising AU$5.7billion. Shell is selling 9.5% back to Woodside, and another 9.5% to institutional investors, at a small discount to the closing share price on 16 June 2014…
Aker Solutions' subsidiary Aker Oilfield Services was notified by Total in Angola of the termination of a US$250 million, two-year contract for the Skandi Aker vessel. Skandi Aker started operations as a well-intervention vessel for the first time in September last year…
Canada’s SNC-Lavalin has agreed to buy Jersey-based oil and gas services company Kentz Corporation in a deal valuing the Kentz at £1.2 billion (C$2.1 billion). SNC-Lavalin said the move was part of its strategy to become a global Tier-1 engineering and construction company…
Industrial facilities turn to safer, more effective inorganic coatings to reduce risk of severe injury and death of coating contractors. For decades, industrial facilities have measured the effectiveness of a coating by its ability to prevent corrosion…
Maersk Oil UK has awarded Denmark's Ramboll Oil & Gas the detailed design for the Culzean wellhead jacket. The project will be Ramboll’s first major involvement in the Culzean field, and it also marks the largest substructure design by Ramboll for the North Sea…
Statoil will pay COSL Offshore Management (COM) a one-time settlement of US$65 million under an agreement reached today that ends disputes related to the stand-by fees of two semisubmersible platforms. The stand-by fees stemmed from the installation of third-party equipment…
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