Oil News

 

VAALCO hires new COO

Jun 30, 2015

VAALCO Energy appointed Cary Bounds as the new chief operating officer starting 6 July 2015. Houston resident, Bounds is a petroleum engineer and has almost 25 years of domestic and international asset management, business development…

Wood Group acquires BETA

Jun 30, 2015

Wood Group acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at US$14.3 million. BETA’s expertise in advanced vibration, pulsation stress…

Wild Well to offer new training program

Jun 29, 2015

Wild Well Control announced the start-up of a new well control training certification program that will offer a selection of action-oriented well control training curricula, which includes both team and individual well control simulator exercises…

Johan Sverdrup: construction starts

Jun 29, 2015

Norwegian oil firm has marked the start of construction work on the Johan Sverdrup development project - labelled the biggest industrial project in Norway for decades to come. Work started at Kværner in Verdal, Norway, today (Monday 29…

Iranian hope remains, despite delayed deadline

Jun 26, 2015

A deadline between western nations and Iran over the country's nuclear activities in a move which could open the country to international oil firms has once again been delayed. A deal, which would see sanctions lifted on the oil and gas rich nation…

Elastec offers offshore oil spill recovery system

Jun 25, 2015

Elastec introduced a new product for offshore and nearshore oil spill cleanup. The X150 Skimmer Launching System is an oil spill response system with the capability to recover light, medium and some heavy oils in incidents. Elastec’s…

Staatsolie, Apache sign PSC agreement

Jun 25, 2015

Staatsolie and Apache Corp. have signed a production sharing contract (PSC) for exploration, development and production of offshore Block 58 offshore Suriname. The agreement, with a 30-year validity, is divided into exploration, development and  production phases…

Lundin drills three wells off Norway

Jun 25, 2015

Lundin Norway commenced the drilling of its second Alta appraisal well in the Barents Sea South, and the drilling of an appraisal well on the Edvard Grieg field in the Norwegian North Sea. Drilling has also commenced on the partner-operated…

Fugro assists Alvheim project

Jun 24, 2015

Fugro is providing wave measurements to support construction operations at an improved oil recovery (IOR) project on the Norwegian continental shelf, around 225km west of Stavanger. The subsea infrastructure on the Alvheim field…

Unique Group plans business expansions

Jun 24, 2015

Unique Group, formerly known as Unique Maritime Group, has set in place measures to double its size and global infrastructure by 2019 through capital investment, acquisitions and expansion into key markets. With a current turnover in excess of US$100 million…

Gazprom, Shell agree to Sakhalin expansion

Jun 19, 2015

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…

BOEM, AASG to share insights

Jun 18, 2015

The Bureau of Ocean Energy Management (BOEM) and the Association of American State Geologists (AASG signed an agreement to foster interaction, cooperation and coordination on marine minerals and oil and gas resources on the outer continental shelf (OCS)…

Maersk Integrator to drill at Gina Krog

Jun 18, 2015

Statoil received consent from the Petroleum Safety Authority to use the Maersk Integrator jackup to drill and complete 14 new production wells at Gina Krog. Gina Krog is an oil and gas discovery situated around 250km west of Stavanger and 30km northwest of the Sleipner A facility…

Wintershall North Sea wildcat comes up dry

Jun 18, 2015

Wintershall Norge, operator of production license 378, is in the process of completing the drilling of wildcat well 35/12-5 S. The well was drilled about 15km southwest of the Gjøa field in the North Sea and 80km southwest of Florø…

Wood Group gets Saudi Aramco contract

Jun 18, 2015

Wood Group has been awarded an offshore maintain potential program contract by Saudi Aramco for greenfield and brownfield engineering services, procurement and construction management support for new facilities in the Arabian Gulf.  The six-year contract…

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