Some US$380 billion worth of upstream oil and gas projects have been put on hold as a result of the fall in oil prices, according to new research by analysts Wood Mackenzie. The Edinburgh based firm says the last six months of 2015 saw…
Solstad Offshore has won a multiple-year contract with Chevron in Thailand for its offshore installation and construction program using the derrick lay barge Norce Endeavour. Norce Endeavour will install multiple new wellhead platforms…
The BlueTEC Texel Tidal energy project partnership is planning to install a second larger turbine on its system after the first months of operating the BlueTEC tidal energy platform were seen to be a success, supplying electricity into the Dutch national grid…
Egypt's state gas company EGAS announced the result of the 2015 international exploration Mediterranean bid round, with blocks awarded to BP, Eni, Edison and Total. In total, four blocks were awarded, with a total investment of US$306 million and a signing bonus of $10…
Shell is planning to start 3D seismic acquisition offshore Myanmar following its return to becoming an operator in the country. The firm has issued a letter of award to Oslo-listed geoscience firm Polarcus for a 3D marine seismic project…
Egypt has announced the results of its delayed 2014 exploration bid round. The round sought to find companies to explore 10 areas in the Gulf of Suez, the Eastern Desert, and east and west of the Nile. Six of those area offshore in the south Gulf of Suez…
AMP Capital and 3i Infrastructure plc (3i Infrastructure) have entered into an agreement to jointly acquire 100% of Danish company ESVAGT from Maersk Group. AMP Capital is investing approximately £109 million to acquire a 50% interest…
Exploration and appraisal activity in the North Sea doubled in the opening three months of the year following the UK Chancellor’s industry tax cut, new figures reveal. Data published by the Department for Energy and Climate Change (DECC)…
Hydratight, a joint integrity specialist, has gained DNV GL Type approval for the MorSafe clamp, Hydratight’s new bolt renewal clamp. The clamp is used to change out bolts on flanges that are in operation. The MorSafe Bolt Renewal Clamp…
Trelleborg’s engineered products operation has successfully completed its supply of floatover equipment for Phase 3 of the DSO Escravos Gas Project; the operation’s first floatover in West Africa. Contracted by Hyundai Heavy Industries (HHI)…
Shell’s Executive Vice President, Arctic, Ann Pickard discussed the supermajor’s investment and current challenges facing its Arctic exploration program at this year’s Offshore Technology Conference (OTC) in Houston on 5 May 2015. In the summer of 2015…
The National Offshore Petroleum Titles Administrator (NOPTA) has granted a six-month extension to the permit year 5 of NT/P68 located offshore northern Australia, said MEO Australia Ltd. Permit year 5 will now end 26 October, plus give…
FMC Technologies will be recognized at the Offshore Technology Conference (OTC) next week with the presentation of a Spotlight on New Technology Award. The award, which honors innovative technologies that significantly impact offshore exploration and production…
On 9 April, thought leaders in the offshore oil sector held an industry discussion focused on the importance of sustainable safety in the offshore oil and natural gas industry. The group included Jack Gerard, president and chief executive for the American Petroleum Institute (API) Randall Luthi…
NEOS GeoSolutions (NEOS) completed a neoSCAN study over an approximately 20,000sq km area of investigation (AOI) along the South Atlantic Margin. As part of this project, NEOS integrated and simultaneously interpreted several existing…
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