The US Department of the Interior announced it will cancel two planned Arctic offshore lease sales under the US government’s current five-year plan for 2012-2017 due to Shell’s failed Arctic campaign and current market conditions, which left…
Technip has been was awarded the first contract to supply flexibles for the giant Libra field offshore Brazil. The contract will also see the first 8in oil production pipes to be installed in Brazil's pre-salt area. Libra Oil & Gas BV…
Shell Technology Ventures has invested in Dutch thermoplastic composite pipe firm Airborne Oil & Gas alongside German specialty chemicals firm Evonik and HPE Growth Capital (HPE). How much the three firms have invested in Airborne Oil & Gas (AOG) is undisclosed…
Badger Explorer and the University of Glasgow, supported by the Oil & Gas Innovation Centre (OGIC), will collaborate on the development of the Badger Explorer technology, a rig-less formation and reservoir evaluation tool. The device drills down to the target reservoir…
Although Houston-based FMC Technologies fell 22% in its 3Q 2015 revenue, the company managed to book US$1 billion in subsea orders, and added US supermajor Chevron to its 20k JIP. FMC ROV. Image from FMC Twitter…
US supermajor Chevron announced in its Q3 results that it expects to make further workforce reductions in the realm of 6000-7000 in an effort to cut costs. The company’s earnings this quarter were better than anticipated, according to analysts Simmons & Co…
International classification society Bureau Veritas announced it will class the series of Arctic-capable LNG carriers that will be built in Korea's DSME yard to service the Yamal LNG project in Russia's high arctic. Exporting LNG from Yamal calls for a type of LNG carrier never built before…
Shell started production from the Bonga Phase 3 project offshore Nigeria, with expected peak production to hit about 50,000 boe/d. Image of the Bonga project. From Shell Flickr. Bonga…
CEOs of 10 global oil and gas companies have joined forces to encourage a declaration on climate change to be made at next month’s 21st session of the United Nations (UN) Conference of Parties to the UN Framework on Climate Change - COP21…
Statoil’s Troll field is about to see a natural gas increase of about 83 Bcm this month after the installation of two giant compressors at Troll A, offshore Norway. The US$1.2 billion (NOK 10 billion) project came in at $121 million (NOK 1 billion) under budget…
Shell started production from its new offshore platform in the Malampaya natural gas field, off the Philippines. Malampaya. From Shell. The offshore platform known as the depletion…
Shell is ceasing further exploration offshore Alaska after the company's Burger J prospect failed to prove oil, resulting in a multi billion dollar write-down. The Transocean Polar Pioneer “Shell…
In a battle between the Australian Tax Office (ATO) and Chevron in the Australia federal court, the US supermajor lost and will have to pay more than US$232 million (A$322 million) in back taxes, in addition to fines. Wheatstone…
Shell Malaysia announced it will lay off 1300 out of 6500 positions in its upstream division over the next two years. Gumusut-Kakap. Image from Shell. It is part of the company’s…
Image from EIC. The Energy Industries Council (EIC) announced the appointment of its new president Chris Haynes. Haynes is a senior oil and gas industry professional with almost 40…
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