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…
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…
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…
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)…
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…
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