Former chief executive of BG Group, Helge Lund, has been appointed as the new director to oil services giant Schlumberger’s board of directors, earlier this month. According to a filing to the US Securities & Exchange Commission (SEC) on 1 June…
Wood Group Mustang and Grupo Diavaz, a Mexican oil and gas operator and services company, have created a joint venture engineering business to capitalize on Mexico's energy reform. Mustang Diavaz is based in Mexico City and will provide engineering…
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…
The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said in its 2016 Medium-Term Gas Market Report. New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens…
BP’s compiled data from last year has revealed that global energy consumption has slowed further, with the mix of energy sources shifting towards lower-carbon fuels. Image from BP. In…
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)…
Last year was a challenging year for the floating production systems (FPS) market. The low oil price threatened the commerciality of numerous projects, delay announcements for FPS units under construction arrived regularly and overall only four orders were placed…
CORTEC, a leading manufacturer of high quality API compact ball valves and manifolds, has expanded its CORTEC Manifold Systems (CMS) Lafayette manufacturing facility and relocated to new premises in Port Allen, Louisiana. According to Stephen Corte…
The global offshore rig count for May 2016 has fallen 20%, when compared to May 2015, with Latin America seeing the biggest drop by 57%. Image from Saudi Aramco. According to Houston-based Baker Hughes…
Materia, a catalyst and advanced polymer developer and manufacturer, has introduced Proxima thermoset resins for applications in subsea thermal insulation, subsea buoyancy, and for downhole tools. Proxima HTI resins for high temperature…
Mexico’s highly anticipated deepwater bid round set for the end of the year is getting registered bids from as many as 21 companies, with some of the oil and gas industry’s heavy hitters, including ExxonMobil and Chevron. Image from CNH…
DOF Subsea has been awarded several ROV and diving contracts for the Skandi Achiever vessel in the North Sea and the North America region, securing utilization of the vessel until end-October 2016. Following completion of ongoing commitments in the North Sea…
Helix Energy Solutions completed its contract renegotiations with Petróleo Brasileiro (Petrobras) and has entered into amendments to its well intervention services contracts for its two chartered vessels, the Siem Helix 1 and the Siem Helix 2…
Colin Welsh Good news at last! In recent months, I have endeavored to counter some of the gloom that has pervaded the oil business for the last eight quarters by highlighting fundamentals such…
Offshore Technical Compliance (OTC) has introduced two new IADC-accredited regulatory compliance training programs: an offshore drilling and a marine regulatory compliance training. OTC’s Offshore Drilling Regulatory Compliance Training is a five-day…
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