Recent increases in crude prices and oil stocks belie the reality that exploration and production activity continues to weaken and there is no prospect of it improving in the near future. Spending on oilfield drilling and services has fallen further…
Chevron’s Gorgon project could put Australia s on track to be the largest liquefied natural gas (LNG) exporter in the world at 11.5 Bcf/d, according to the US Energy Information Administration (EIA). Gorgon…
France’s Total and China’s China National Petroleum Co. (CNPC) signed a strategic cooperation agreement to extend the two companies’ existing collaboration. The agreement was signed on 20 March between Patrick Pouyanné, chairman and CEO of Total…
Japan's INPEX said it is trying to confirm the facts following a news report stating that Indonesian President Joko Widodo has rejected a proposal to build a floating liquefied natural gas (FLNG) plant in the country's east, saying that an onshore plant would benefit its economy more…
After more than a year since Bumi Armada Berhad’s chief executive officer (CEO) Hassan Basma stepped down, the board has appointed Leon A. Harland as its new CEO. Harland. Image from Heerema. Harland…
The government of Gabon has extended the deadline to submit bids for the country's 11th Licensing Round to 29 April 2016. Gabon is calling for international participation in the licensing round which will focus on five blocks, E-12, F-12…
Shell Canada’s operations offshore Nova Scotia were brought to a halt over the weekend due to severe weather, which caused a 2km pipe from the Stena IceMAX drillship to fall to the seafloor. The Stena IceMAX…
Williams Partners reached an agreement with Shell Offshore and Nexen Petroleum Offshore to provide deepwater gas gathering services to the Appomattox development, in the Gulf of Mexico. Appomattox is located 80mi offshore from the nearest shoreline in Louisiana…
Amid Petróleo Brasileiro’s (Petrobras) largest net quarterly loss in its history of US$10.2 billion (36.9 billion BRL), the Brazilian giant also confirmed its biggest oil column discovery at its Libra field. Petrobras headquarters…
Former Shell senior executive, Ann Pickard has been appointed as Woodside's non-executive director. Pickard retired from Shell in February, where she held numerous positions during her 15-year tenure with the company. She served as executive vice president…
Douglas Westwood (DW) has revised its outlook considerably for West Africa’s deepwater prospects by 44% amid project delays and cancelations. A year ago, DW said that exploration and production (E&P) companies within West Africa were…
The US Bureau of Ocean Energy Management (BOEM) held two lease sales today (23 March) in New Orleans, amid loud protests from environmental groups. One lease sale (Lease Sale 241) attracted some US$156 million in high bids, the other sale (Lease Sale 226)…
Petrofac has been appointed as duty holder to support UK joint venture Anasuria Operating Co. (AOC) to take over operatorship of Anasuria cluster in the North Sea. Anasuria Operating Co. is a joint venture company formed between Hibiscus Petroleum Berhad and Ping Petroleum…
PetroRio has received its second cancelation notice, this time from Petrobras, for the Bijupirá and Salema fields offshore Brazil, just two weeks after it received a pink slip from supermajor Shell, leaving the Brazilian minnow completely out of the fields…
Transocean will lay off about 80 jobs that were part of the Transocean Discoverer Americas ultra deepwater unit, which Statoil canceled in December. The Discoverer Americas, from Transocean. The 70-80 lay offs…
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