The big four oil services companies released their 3Q 2015 reports this week and the news is a sign that things are not improving in the sector, and in particular in North America. However, globally, thousands more job cuts are expected. Halliburton…
Petrobras announced a further hydrocarbon discovery at the giant pre-salt Libra field in the Santos basin, offshore Brazil. The Brazilian national said that well 3-BRSA-1310-RJS, in the central portion of the block, identified the presence of hydrocarbons in a low-porosity reservoir…
The Bulgarian Ministry of Energy awarded Shell E&P a permit for deepwater exploration of oil and natural gas in Blocks 1-14 Silistar in the Black Sea, according to Energy Minister Temenuzhka Petkova. Image from Shell…
Russia’s Lukoil discovered natural gas pay at its deepwater Lira field in the Black Sea, offshore Romania. The Transocean Development Driller II. Image from Lukoil. The Lira-1X…
Lloyd’s Register (LR) Energy and TWI launched a joint industry project (JIP) inviting companies from across the world to tackle the current and future issues faced by manufacturers supplying the energy industry. This latest JIP focuses on additive manufacturing…
FMC Technologies has received an award from Shell Offshore, Inc. (Shell) for its Appomattox deepwater development in the Gulf of Mexico. FMC Technologies will provide enhanced vertical deepwater trees, subsea manifolds, topside controls…
BP's Glen Lyon floating production, storage and offloading vessel (FPSO) is nearly finished and due to sail away to the North Sea next month, BP has said in posts on social media. The firm, which posted a video of the naming ceremony…
Iran’s historic nuclear deal with six world powers was approved by the country’s parliament today (13 October) with 64% in favor of the bill, clearing a hurdle for sanctions against Iran being lifted. Iranian parliament approves JCPOA bill…
Image: Deep Blue/Technip Shell awarded Technip a contract for the development of subsea infrastructure for the Stones project. Included in the service are two subsea production tie-backs to the floating production…
The recently introduced 4-stroke diesel engine, Wärtsilä 31, has been selected to power a new generation icebreaker currently under construction at the PJSC Vyborg Shipyard. The ship is being built on behalf of FSUE Atomflot, the enterprise of ROSATOM…
FMC Technologies has received an award from Shell for its Appomattox deepwater development in the US Gulf of Mexico. FMC Technologies will provide enhanced vertical deepwater trees, subsea manifolds, topside controls, a control system…
While Russia is continuing to pump crude oil at record levels, producing on average 10.685 MMb/d in 2015, the continuous pressure from US/EU sanctions is having an impact on the strategic course of Russian oil and gas industry, says an analyst with research and consulting firm GlobalData…
The US$70 billion Shell and BG Group merger is being delayed until November 2015 by the Australian Competition and Consumer Commission (ACCC) after a warning that the billion dollar takeover could increase Australian gas prices, plus limit domestic gas supplies…
Brazil will need to drill around 300 development wells in deepwater in order to sustain and reach its production target. Douglas Westwood’s Mark Adeosun takes a look at what is at stake. The Cidade…
Technip and South Korea’s Samsung Heavy Industries (SHI) are teaming up to develop a joint design of a low motion semisubmersible production platform. Technip and SHI already work together under a consortium arrangement, the Technip Samsung Consortium…
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