Sanctions on Iran’s oil production are set to be lifted as early as this weekend that will mark the end of the country’s nuclear program and pave the way for Western nations to re-enter Iranian territory for oil exploration and production…
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…
Ezion Holdings Ltd. has secured an agreement to jointly market two service rigs being built by a Chinese state owned enterprise to support the offshore windfarm, oil and gas activities in the energy sector, announced Ezion Holdings board of directors…
Trendsetter Engineering has announced the acquisition of Wiltor Machine, a 6000sq ft precision machine shop in north Houston specializing in complete turnkey, proto‐type, and production machining for the oil and gas industry. This machine shop has experience machining stainless steel…
GMB, the union for workers in energy industries and the offshore supply chain, has told Amber Rudd, MP, secretary of state for energy and climate change, that delaying offshore installation decommissioning work any further would be catastrophic for jobs and investment…
PETRONAS started oil production from the Tanjong Baram field, offshore Sarawak Malaysia. The field, which is estimated to produce an average of 2000 b/d, consists of a platform with production tied into the West Lutong Drilling Platform A (WLDP-A) complex via a flexible production pipeline…
Datum360 has been awarded – and has already delivered – a contract to deploy its Software as a Service (SaaS) solution that will standardize engineering information for the largest oilfield project in the Azerbaijan sector of the Caspian basin…
Restrictions on offshore exploration in Italian waters have been reintroduced, according to UK-based explorer Rockhopper Exploration. The firm says the Italian Parliament has approved its 2016 Budget Law, which reintroduces restrictions…
Despite an ample supply of oil and gas assets on the market due to low oil prices, the overall merger and acquisition (M&A) deal count in the upstream energy sector plunged in 2015 as the weakness and volatility in oil prices made it difficult…
Louisiana-based LLOG Exploration’s Delta House floating production system (FPS) achieved its nameplate oil capacity of 80,000 b/d in the Gulf of Mexico during the last days of 2015. Image of Delta House…
North Sea production rose for the first time in 15 years last year, but, the industry will be extremely challenged to sustain this into 2016 and beyond and job losses are set to continue, industry body Oil & Gas UK warns. According to government data…
Singapore's KrisEnergy has doubled its production of oil and gas in four fields in the Gulf of Thailand, in addition to one onshore gas field in Bangladesh. Together, production stood at 19,935 boe/d as at 1 January 2016. According to KrisEnergy…
Norwegian accommodation vessel provider Prosafe and oil firm Statoil have agreed to re-phase the Mariner project on the UK Continental Shelf of the North Sea from 2016 into 2017, and extend the firm hire duration from eight months to 13 months…
Abdelghani Henni reports on how French major Total is keeping the ABK field offshore Abu Dhabi up and running past its initial life span, and beyond, serving as a pilot project for other major fields in the country. ABK…
This year, the offshore oil and gas industry has had to come to terms with the worst downturn for more than a decade. With commodity prices plummeting to an eleven-year low in December, it is time to reflect on the year gone by and consider the outlook for the year to come…
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