A new independent estimate of world oil reserves has been released by Rystad Energy, showing that the US now holds more recoverable oil reserves than both Saudi Arabia and Russia. For US, more than 50% of remaining oil reserves is unconventional shale oil…
Offshore marine services provider PACC Offshore Services Holdings (POSH) was awarded a contract by Technip Oceania through its subsidiary POSH Semco, to support Shell’s Prelude floating liquefied natural gas (FLNG) facility using its semisubmersible accommodation vessel (SSAV) the POSH Arcadia…
Shell has been cleared to resume drilling offshore Canada following a review to its procedures after an incident saw a 2km riser section drop to the seafloor. Shell was drilling the Cheshire L-97 well, in about 2000m water depth, in the Shelburne basin…
UK-based independent Faroe Petroleum was awarded license option 16/23 in Ireland’s 2015 Atlantic Margin Licensing Round. The option covers 960sq km in the Slyne/Erris Basin, in about 280m water depth about 15km from the producing Corrib gas field…
Houston-based Cobalt International Energy has recruited a second former former BHP Billiton employee this year, with the appointment of David D. Powell as its new chief financial officer (CFO) and executive vice president. Powell…
Former BP and Shell geologist Mike Shepherd says the North Sea demonstrates top in class oil recovery factors compared to the rest of the world, but could do better. BP’s Magnus platform.Photo from BP…
Two workers from Eni's Nigerian Agip Operating Co. (NAOC) subsidiary were killed in an attack on their boat in the Niger Delta last week, the operator has confirmed. According to reports, a NAOC team of five was attacked on their way…
KrisEnergy's CEO Keith Cameron is to retire. He will be replaced by Jeffery S. Macdonald, a non-executive independent director of the company since 2009. Kris Energy was founded in 2009, to focus on exploration in southeast Asia. Macdonald…
Quest Offshore's Andrew Jackson discusses how the depressed global market dynamics are affecting one of the world's premier deepwater basins. Oil from the Bonga North West underground reservoirs…
Norwegian offshore technology company inApril has won its first commercial agreement, worth US$25-30 million for Venator, its node-based seabed seismic acquisition system. In development since 2012, the Venator node-on-a-rope system…
Japan's JX Nippon Oil & Gas Exploration (Malaysia) is gearing up to drill three wells offshore Malaysia after agreeing a contract for the rig for the campaign. JX Nippon is to hire the semi-tender drilling rig SKD Berani from a SapuraKencana Petroleum subsidiary…
InterMoor has completed its marine aspect of the Shell's Malikai tension leg platform (TLP) float off operation in Malaysia. The TLP was loaded onto the Dockwise heavy lift vessel White Marlin at Malaysia Marine and Heavy Engineering (MMHE) shipyard in Pasir Gudang…
The decision by 52% of the voters in the EU referendum last week to vote to leave the EU has had far-reaching impact across the globe. The oil and gas sector, bruised from nearly two years of low oil prices, is bracing itself for the fall out…
McDermott International has been awarded further pipeline work for 2017 under a multi-year offshore installation contract with Brunei Shell Petroleum Co. (BSP). The work includes transportation and installation (T&I) of pipelines and umbilicals in the Fairley and Ampa Fields offshore Brunei…
Sabah Shell Petroleum Co. awarded Sea Trucks Group a contract for the provision of flotel services for the Malikai deepwater development project in the South China Sea. Image of the Jascon 34, from Sea Trucks…
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