Total has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash, the company announced on 19 November 2012…
Aker Solutions has established a subsea lifecycle service base in Labuan, Malaysia, to support installed and future Asia Pacific shallow and deepwater projects, starting with Murphy Sabah Oil's current Kikeh and upcoming Kikeh phase two…
A flurry of early contracts marked August's official sanction of the £1.4 billion development of Cygnus, the largest southern North Sea gas discovery in the last 25 years. Meg Chesshyre reports.GDF Suez, which will operate Cygnus on behalf of partners Centrica and Bayerngas…
French-owned utility group GDF Suez is stepping up its UK exploration and production operations with the goal of becoming a major player in the North Sea. The company's UK E&P arm has been involved in the sector for the past 15 years, but is now working up major expansion plans…
Roderick Larson has joined Oceaneering International as SVP and COO. With Baker Hughes for over 20 years, he served as BHI’s VP operations, Gulf of Mexico, before taking over as its Latin America region president in January 2011. Another Oceaneering newcomer is Mark Peterson…
Specialist offshore fabricators continue to innovate in pursuit of an oil & gas market edge. Meg Chesshyre opens this month's yards round-up with a review of progress on the latest additions to Centrica Energy's North Sea infrastructure.Centrica’s…
Cynda Maxon (pictured) and Skip Newton have joined InterAct PMTI as senior project director and senior scientist, respectively, broadening the company’s environmental capabilities and services. Maxon has more than 20 years’ global experience as an environmental chemist…
Aker Solutions is strengthening its presence in northern Norway with the acquisition of Sandnessjøen Engineering, which has for 20 years supplied engineering and project management services to the oil & gas and construction industries in the Sandnessjøen area…
With power generated from offshore wind farms forecast to grow from 3GW to 75GW over the next decade, operators are looking to tried and true oil & gas practices to help reduce construction costs. Russell McCulley speaks to Canyon Offshore about…
The big news coming out of Europe is that it is running out of money, but is Europe also running out of gas? Infield Systems' Peter Kiernan(left) and Dr Roger Knight discuss the future of Europe's gas supply in the light of the growing need to secure energy from Russia and the Middle East…
Field development prospects on the UK Continental Shelf are gathering momentum again, with Nexen (Golden Eagle, Blackbird), Chrysaor (Solan) and BG (Blake increased production) firming up North Sea project and environmental impact details in recent weeks…
Global upstream capital spending should rebound this year, according to IHS Herold director Nicholas Cacchione, author of the research firm’s 2010 Global Upstream Performance Review, released last month. ‘In North America, E&P investment increased 30% in the first half of 2010…
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