Innovation, ingenuity and perseverance must take centre stage in the current oil and gas environment, attendees at a breakfast in Aberdeen heard this week. The event, jointly hosted by RBS and Scottish accountancy and business advisory firm…
UK-based Independent Oil and Gas has started a 3D seismic remapping project over its southern North Sea gas portfolio. The project is being carried out on a phased basis, with the first results expected by the end of May. The first phase will cover IOG's core southern North Sea area…
UK-based offshore Ireland explorer Europa Oil & Gas says an independent review of Frontier Exploration License 3/13 estimates it contains nearly 1.5 billion boe prospective resources and the potential for a “play-opening” first well. The estimate…
Spain’s Repsol is rolling out a new organizational structure following the acquisition of Canadian oil company Talisman Energy that places Repsol as one of the world’s largest private oil companies. Imaz…
AGR and SP Offshore Energy Services signed a memorandum of understanding (MoU) under which AGR will provide a range of exploration services and the drilling of an ultra deepwater (UDW) well off the Comoros Islands, between Mozambique and the Comoros…
BP and Total beat analysts’ predictions by reporting better than expected results this morning, despite consistently low oil prices. French oil major Total saw its fastest production growth in more than a decade and gains in its refining…
Permasense launched the ET210 Integrity Monitoring System to deliver continuous wall thickness and temperature measurements from topside or surface equipment directly to desk, that will help improve the economics and safety of offshore operations…
Few countries have been hit harder by declining crude oil prices in recent months than Venezuela, reports energy business advisory firm Douglas Westwood (DW). Falling oil prices have compounded Venezuela’s debt situation because crude oil represents about 95% of the country’s exports…
Optimism continues to fall in the UK oil and gas industry according to the 1Q 2015 Oil & Gas UK Business Sentiment Index published 30 April 2015, which shows confidence in the sector has dropped from minus 23 points to minus 31 on a -50/+50 scale…
The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC). Image from CNOOC. Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m…
James Fisher Offshore, part of James Fisher and Sons, has reached an agreement with KPMG in Scotland to acquire a number of subsea assets free from encumbrances from Specialist Subsea Services. The assets include work-class ROVs, inspection class ROV and survey equipment…
Hungarian exploration outfit MOL Group has made its first step into the Norwegian offshore sector, purchasing the Norwegian assets of UK-based North Sea exploration and production firm Ithaca Energy. Ithaca will sell its Norwegian assets…
Celebrating its 40th Anniversary, Offshore Engineer (OE) and Hasbro Inc, an American multinational toy and game company, teamed up to create a custom MONOPOLY Game for the offshore industry. The OE 40th Anniversary Collector’s Edition MONOPOLY…
Maritime Developments, based in Peterhead, Scotland, has released its first four-track, 75-tonne pipeline tensioner, not long after shipping out the third of a 50-tonne version of the unit, which took center stage at Subsea Expo in Aberdeen in February…
KrisEnergy’s Thai campaign success continues at its Rossukon-3ST sidetrack well that encountered 148ft of oil and gas pay. Offshore Thailand map. From KrisEnergy. The final exploration…
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