Supermajor Shell has donated nearly 9000sq km of its Arctic exploration permits to the Nature Conservancy of Canada to support a national marine conservation area off the coast of Nunavut. Image from Nature Conservancy of Canada…
Shell’s deepwater production could double, to some 900,000 boe/d in 2020, compared with 450,000 boe/d in 2015, the super major said this morning. Setting out its capital spending plans up to 2020, which are to be capped at US$25-30 billion a year…
Lukoil has commenced drilling operations at the Vladimir Filanovsky field in the Caspian Sea. The well is being drilled from an ice-resistant fixed platform, LSP-1, with first production set for 2H 2016. V. Filanovsky is the largest of all fields discovered in Russia in the past 25 years…
InterMoor has successfully completed the final tensioning and chain cutting operations on the floating production, storage and offloading (FPSO) vessel, Turritella, for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of Mexico (GoM)…
Petrobras has hit another big pay day at its seventh appraisal well inside the Libra block, in the pre-salt layer of the Santos basin, the firm reported on 15 June. The Brazilian oil giant said it was 'Libra's largest net pay' to date…
Global upstream capital spending from 2015 out to 2020 has been reduced by 22% or US$740 billion, however, when cuts to conventional exploration investment are included, the figure increases to just over $1 trillion, Wood Mackenzie said. Image…
Heerema Marine Contractor's Thialf heavy lift vessel lifted the new subsea pump control module (PCM) onto Shell's Draugen platform offshore Norway late last month. The 220-tonne control module is the topside part of the subsea pump system…
Oil major Shell has said it is to cut around 475 jobs from its UK and Ireland business by the end of this year as it further reduces its cost base. The firm has already announced more than 10,000 jobs cuts globally, including some 2800…
Jerry Lee speaks with Thomas K. Holley about his 30-year career and challenges he faced as interim chair at the University of Houston’s petroleum engineering department. Holley. After nearly 30 years with Shell…
Former chief executive of BG Group, Helge Lund, has been appointed as the new director to oil services giant Schlumberger’s board of directors, earlier this month. According to a filing to the US Securities & Exchange Commission (SEC) on 1 June…
The first call for Mexico’s Round 2.1, consisting of 15 shallow water blocks, is anticipated to be released before the end of July, the country’s Secretary of Energy confirmed in Monterrey. The…
GE’s Marine Solutions was awarded a service contract by CIMC Raffles to provide the first dry-dock services on two of Gazflot’s semisubmersible drilling vessels, the Northern Lights and Polar Star. During the dry-docking, GE’s Marine…
Norway’s Petroleum Safety Authority (PSA) has given Norske Shell consent to use the Island Constructor mobile drilling facility for start-up and repair of wells on the Draugen field, offshore Norway. Draugen is an oil field in the Norwegian Sea in 250m of water…
BP’s compiled data from last year has revealed that global energy consumption has slowed further, with the mix of energy sources shifting towards lower-carbon fuels. Image from BP. In…
Mexico’s highly anticipated deepwater bid round set for the end of the year is getting registered bids from as many as 21 companies, with some of the oil and gas industry’s heavy hitters, including ExxonMobil and Chevron. Image from CNH…
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