French oil major Total has followed in Statoil's footsteps this morning, announcing 2Q profits which beat predictions as it increased production and refining. The firm saw new projects start in Angola (CLOV), the North Sea (West Franklin Phase 2) and Russia…
SBM Offshore completed the project financing of the Cidade de Saquarema floating production and storage offloading vessel (FPSO) for a total of US$1.55 billion, which is the largest project financing in the company’s history. Modules…
Edison Norge's exploration well on the Haribo prospect in the Norwegian sector of the North Sea has been declared dry. Partner Noreco Norway said well will now be plugged and abandoned. The well spudded on 21 June using the semisubmersible drilling rig Transocean Searcher…
Northern Petroleum announced that the environmental impact assessments (EIA) for its three remaining exploration permit applications in the southern Adriatic have been approved. These approvals are in addition to the two EIA approvals for exploration permit applications announced on 10 June 2015…
Akastor has announced that its board of directors has appointed Kristian Røkke as its CEO. Røkke will succeed Frank O. Reite, who will take the position of CFO at Aker. Røkke, who is currently chairman of Aker Philadelphia Shipyard (AKPS)…
OneSubsea, a Cameron and Schlumberger company, and Chevron USA Inc. agreed to form a joint industry program (JIP) to develop subsea systems technology for 20,000-psi applications. The JIP, known as the 20Ksi Subsea System Development Program…
Mechanical engineering group EnerMech has announced that general manager Niall Conlon has been promoted to director of its Australian operations, with Ciaran Hallinan taking over his role as general manager. The promotion is in recognition…
Saudi Aramco achieved a landmark by energizing its largest tie-in platform with a 46km-long, 230kV submarine composite cable, the longest of its kind. The tie-in platform, TP-20, lies in the world’s largest offshore oil field, Safaniya…
Technip has won the contract to provide detailed engineering and procurement services for the topsides of what will become a floating production and offloading (FPSO) for Brazil's multi-billion barrel pre-salt Libra field. The FPSO, which will be a conversion from a shuttle tanker…
Cygnus Instruments has introduced a new range of thickness gauges, used for measuring remaining metal thickness without the need to remove protective coatings. The new range of thickness gauges now incorporated two additional measuring modes…
Edison Norge spudded its first well as operator in the Norwegian Continental Shelf on the Haribo prospect. Exploration drilling started 21 June 2015 in the production license PL616 in the southern portion of the Norwegian North Sea at 8km southwest of the Valhall Field…
Wintershall, a 100%-BASF subsidiary, plans to optimize its portfolio by selling to Tellus Petroleum its interest in assets in four non-operated fields in a US$602 million deal. The fields include Knarr (where Wintershall owns a 20% interest)…
Suncor Energy began operations at the Niobe exploration prospect in the UK North Sea, according to partner Trap Oil. Niobe map. From Suncor. Niobe is located in license P.1889…
China National Offshore Oil Corp. (CNOOC) discovered a mid-sized oil find at Liuhua 20-2 in the eastern South China Sea. Oil was found at the LH20-2-1 well, located at the Liuhua 20-2 structure in Northern Slope Belt of Baiyun Sag in…
Non-OPEC liquids growth potential of 5.5 MMb/p over the next five years has been reduced by over 2 MMb/d to 3.3 MMb/d, according to forecasts by energy analysts Rystad Energy. The Norwegian firm’s research shows investments in oil and gas production are estimated to drop 20% in 2015…
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