First oil has commenced from the Wassana oil field in the G10/48 concession in the Gulf of Thailand, operator KrisEnergy announced. Wassana is expected to achieve peak production of approximately 10,000 bo/d by year’s end. KrisEnergy…
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…
Global management consultancy and services firm Accenture has agreed to acquire Schlumberger Business Consulting (SBC), Schlumberger's management consulting unit. Accenture says the acquisition will expand its capabilities in helping…
Image: IWCF employees review FORUM/IWCF The International Well Control Forum (IWCF), the independent organization that sets international well control standards, has launched a new online administration system called “FORUM…
Det norske is ramping up activity and production on its Alvheim floating production, storage and offloading (FPSO) development in the Norwegian sector of the North Sea. The FPSO (pictured), which produces Alvheim field (comprising the Kneler…
Trendsetter Engineering has completed work on a containment toolkit that can be deployed to minimize the environmental impact of a subsea well incident. This follows their delivery of four subsea well capping stacks, designed to shut in an uncontrolled subsea well…
Oil and gas operators will have to approach the challenge of decommissioning in new ways if the goal of maximizing economic recovery from the UK Continental Shelf (UKCS) is to be achieved, according to a report from professional services firm KPMG…
The Society of Petroleum Engineers Aberdeen's Young Professional Committee has launched an online survey to gather the opinions of students, graduates and young professionals about their preconceived ideas about the industry. The results…
McDermott International reported an increase in profits in 2Q, at US$11.5 million, up from a net loss of $7.4 million in the same period last year on revenues of $1.05 billion (up $570 million). McDermott says revenues for 2Q were positively…
MultiClient Geophysical (MCG) has entered into an agreement with Polaris E&E Services to acquire their Post Stack Reprocessed Atlantic Margin seismic 2D data. MCG will pay Polaris for this transaction through revenue share of futures sales…
Falklands and Mediterranean-focused explorer Rockhopper Exploration has taken a step forward in its plans to develop an offshore Italy oil field. The firm's Ombrina Mare field environmental impact assessment has been approved by Italy's…
Houston-based Hercules Offshore has filed for Chapter 11 bankruptcy protection with a pre-packaged deal that will send the company into a reorganization and financial restructuring. Image from Hercules…
North Sea production could finally reverse its 15-year downward trend this year as new fields come onstream and production efficiency measures take hold. According to the Department of Energy and Climate Change provisional 2015 production figures…
Houston-based Transocean is one of the few major companies in the oil and gas industry to have a positive 2Q 2015, which was due to multiple factors including Macondo-related settlement agreements. Image from Transocean…
US-based Chevron isn’t expecting first production to come from its Big Foot platform in the Gulf of Mexico until 2018, a delay of about two and a half years that will result in reducing production estimates by up to 22,000 b/d net. The…
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