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…
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…
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…
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…
James Fisher Group has acquired Lexmar Sat Systems for up to US$20 million. Founded in Singapore in 1996, Lexmar is a specialist provider of service and support of diving equipment and saturated diving systems. James Fisher will pay US$13…
Kongsberg Oil & Gas Technologies has signed a purchase agreement with a subsidiary of National Oilwell Varco (NOV) regarding the sale of its Subsea Products business. The sale includes Thor Tie-In, Weaklink, Pipeline Structures (typically PLEM…
Noble Energy started production at Gunflint in the deepwater Gulf of Mexico, the Houston-based explorer announced today (21 July). Map of Gunflint, from Noble Energy. The Gunflint oil development…
While outages in Canada and Nigeria have helped a rally in oil prices, the outlook for 2017 isn't looking favorable as new projects come online, says Douglas Westwood. Matt Cook, who has authored the firm's World Drilling and Production…
UTEC Survey has completed a significant ROV navigation and seismic node positioning project in deepwater Gulf of Mexico. The project, for seismic nodal technology firm FairfieldNodal, was undertaken in 2425m water depth. It involved…
Houston-based independent Vaalco has shut-in its South Tchibala 2-H well, offshore Gabon, after the electrical submersible pumps (ESPs) failed late last month. Image from Vaalco. The well…
The Bevel 360 tool in operation. Photos from OMS. In deepwater pipeline projects, welding fatigue-sensitive steel catenary risers (SCR), corrosion resistant alloy (CRA) pipes and flowline pipes to tight specifications is critical…
Noble Energy entered into a US$369 million definitive agreement with the Harel Group and Israel Infrastructure Fund (IIF) to offload 3% working interest in the Tamar field, offshore Israel. Image of the Tamar platform…
Singapore-based Sembcorp Marine will acquire 50% interest in Norwegian process design and engineering group KANFA Aragon, from Sevan Marine in a US$2.3 million (NOK 20 million) deal. Image from Kanfa Group…
Triangle Energy entered into a deal with AWE Ltd. for 57.5% stake in the Cliff Head oil field, in the offshore Perth Basin, Western Australia. The Cliff Head oil field is located 10km off the coast of Western Australia at a water depth of 15-20m…
The decision by 52% of the voters in the EU referendum last week to vote to leave the EU has had far-reaching impact across the globe. The oil and gas sector, bruised from nearly two years of low oil prices, is bracing itself for the fall out…
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