Chevron's multi-billion dollar deepwater west of Shetland Rosebank development appears to be edging closer back to fruition after a contract was awarded for the floating production, storage and offloading (FPSO) vessel turret. The Rosebank project was on track until 2013…
The Bureau of Safety and Environmental Enforcement (BSEE) inspected Shell’s drilling rigs for its US$1 billion Arctic drilling program, the Noble Discoverer, Polar Pioneer and the Fennica icebreaker vessel in Alaska. Pre…
Lundin's Edvard Grieg field is on track for first oil in 4Q this year despite a delay to the topside modules installation earlier this year (see video below). The firm has also drilled its latest successful appraisal well on the 185.8 MMboe gross reserves field…
North Sea production could finally reverse its 15-year downward trend this year as new fields come onstream and production efficiency measures take hold. According to the Department of Energy and Climate Change provisional 2015 production figures…
Standardization has been high on the agenda at the Underwater Technology Conference (UTC) in Bergen for the past two years. This year, the focus was “innovating for the next wave.” Elaine Maslin reports on innovations discussed and on show…
Wood Group has secured a new contract to carry out front-end engineering and design (FEED) for the Woodside operated proposed Browse floating liquefied natural gas (FLNG) development, offshore Western Australia. Wood Group Kenny (WGK)…
Wood Mackenzie has evaluated the competitive position of the three largest Russian oil and gas producers at US$60/bbl oil and their strategic action taken to date. In 2014, the Russian majors' share price performance was hit harder by…
French oil major Total has followed in Statoil's footsteps this morning, announcing 2Q profits which beat predictions as it increased production and refining. The firm saw new projects start in Angola (CLOV), the North Sea (West Franklin Phase 2) and Russia…
The rewards on offer from subsea boosting technology were spelled out at the MCE Deepwater Development Conference in London this spring by Arne B. Olsen, sales director, pumps and subsea processing at OneSubsea. Meg Chesshyre reports. Gullfaks…
A busy week for global news mid-July sent crude prices plummeting. The agreement between the Greek government and European financial ministers left a lingering uncertainty hanging over the Eurozone, with several high profile organizations remaining openly critical of it…
Russian gas producer Gazprom and Shell signed an agreement to expand the Sakhalin-2 LNG project. Sakhalin-2 saw the development of two offshore oil and gas fields: Piltun-Astokhskoye and Lunskoye, off the north-eastern coast of Sakhalin…
The Fennica icebreaker vessel that Shell planned to use as part of its Chukchi Sea drilling operations had to return to Dutch Harbor in Alaska to undergo repairs after its hull was breeched, Finland-based Arctia Offshore reported today (7 July)…
The US$70 billion Shell and BG Group merger cleared Brazilian regulatory approval, bringing it a step closer to its set completion date of early next year, according to a Reuters report. Brazil's Libra field activity…
While at first the oil price seemed to spur a rash of big M&A deals in 2014 and early 2015, analysts at GlobalData and IHS say the market could slow if the oil price doesn’t increase. Jeannie Stell reports. Image from Baker Hughes…
Dolphin Geophysical continues its seismic operations in Australia on the Northwest shelf by initiating a large 3D SHarp broadband multi-client (MC) survey covering approximately 15,000sq km. In cooperation with TGS and supported by major oil companies…
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