Cost reduction measures continue at Fugro, as the company plans to further reduce its workforce and fleet in the remainder of 2016. Image from Fugro. During 1H 2016, Fugro cut its headcount by 585…
Vaalco Energy entered into a deal with Sojitz Etame to acquire an additional 3.23% stake in the Etame Marin Permit, offshore of the Republic of Gabon, West Africa. Gabon operations. Image from Vaalco…
Teekay Offshore is to take a hit of US$43.7 million after cancelling construction contracts for two flotels, described by Teekay as units for maintenance and safety (UMS). The firm also says it suffered a drop in income due to its Arendal…
In this video, Anadarko talks about its Heidelberg project, in the Green Canyon area of the Gulf of Mexico. Heidelberg, which came onstream four months ahead of schedule in January 2016, is an 80,000 b/d floating production facility…
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…
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