Plexus Holdings has been awarded a contract with new customer Rosneft’s Vietnam subsidiary to supply its POS-GRIP high pressure high temperature (HPHT) adjustable rental exploration wellhead equipment for an exploration well offshore Vietnam…
Brazil experienced a “historic day in the oil and gas sector” with its 14th Round, as the joint venture of Petrobras and ExxonMobil signed the largest bonus of US$701 million (R$2.24 billion) for a block in the Campos basin. Oddone…
Shell, operator of the Lomond platform, advised a delay to the restart of Chevron’s Erskine production pending completion of repairs, according to Erskine partner Serica Energy. Erskine. Image from Chevron…
Transocean is taking a US$1.4 billion impairment in Q3 2017 following the drilling contractor’s decision to scrap five ultra deepwater floaters, and one deepwater rig. The Sedco Express ultra deepwater floater will be scrapped…
When it comes to oil industry heavy weights, the CEOs of Shell and BP are up there. At SPE Offshore Europe today, plenary session delegates will hear from both, alongside Wood Group CEO Robin Watson, in this morning’s plenary session. We caught up with Shell CEO Ben van Beurden in advance…
Shell has been served with two further notices by the UK's Health and Safety Executive (HSE) following a leak on its Charlie platform in the North Sea in May this year. Shell had initially been served with a Prohibition Notice, because…
Qinterra Group’s North Sea well intervention specialist Altus Intervention and its international technology arm, Qinterra Technologies have combined. With headquarters in Stavanger, Norway, the combined group will be known as Altus Intervention…
CEFC China Energy is set to buy a 14.16% stake of state-owned Russian oil firm Rosneft in a US$9.1 billion deal with the consortium of Glencore and the Qatar Investment Authority (QIA). Image from Rosneft…
Fugro has announced plans to establish a Hydrography Centre of Excellence for the Americas, supporting its strategic focus on growth in this market sector. Utilizing specialist resources that include autonomous vessels and aircraft, integrated data acquisition techniques…
Aker Solutions secured a framework agreement from Shell to provide brownfield modifications services and maintenance support for the Nyhamna and Draugen facilities in Norway. The agreement has a fixed period of four years and may be extended by up to seven years…
CHC Helicopters has marked the inaugural flight of its new Airbus H175 super-medium aircraft to the Ocean Patriot semisubmersible drilling rig in the North Sea. The aircraft, which can carry up to 16 passengers, will be the first of three in the CHC fleet and is working for operator Shell…
DNV GL has launched a new recommended practise (RP) focusing on cyber security as the increasing digitalization of the industry poses the threat of it becoming more vulnerable, at SPE Offshore Europe. DNV GL says almost 68% of oil and…
The Norwegian Ministry of Petroleum and Energy received a record response for the Awards in Predefined Areas (APA) 2017 round, with a total of 39 companies submitting applications for new acreage on the Norwegian Continental Shelf (NCS). Map…
The floating production systems (FPS) market has been heavily impacted by the oil price downturn. Orders declined significantly from 17 in 2014 to four in 2015 and zero in 2016. There have been signs of a recovery in 2017, with seven orders booked year to date…
Wood Group has led a global project to improve industry knowledge and understanding of flexible pipe integrity management. The findings of the Sureflex joint industry project (JIP) are published today (Tuesday 5 September) in a report…
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