Oil News

 

Making a space-age splash

Feb 01, 2012

When the oil & gas community looks to the aeronautical industry it's usually for technological inspiration. Now offshore training is entering the space age too, courtesy of a recent deal brokered by defense specialist Raytheon that will enable…

Pazflor in perspective

Feb 01, 2012

The complexity and sheer scale of Total's Pazflor project in block 17 offshore Angola – the field covers 600km2, six times the surface area of Paris – was outlined at the recent Subsea Europe conference in Paris by Laurent Villard, the operator's SURF installation engineering leader…

Mariner back on track

Oct 01, 2011

Statoil’s two UKCS heavy oil developments – Mariner in block 9/11a and Bressay in blocks 3/27b, 3/28a, 3/28b, 9/2a and 3/a – are back on track having been halted by the operator in March following the UK Chancellor’s decision to increase the…

Ambitious Iraqi oil targets in doubt

Sep 01, 2011

Iraq's large oil-production potential could put it in a position to vie for leadership with Saudi Arabia in the world oil scene in the coming decades.But a study released by Rice University's Baker Institute for Public Policy finds that in the near term…

M&A market dips, maintains value

Sep 01, 2011

The number and total value of US oil & gas mergers and acquisitions dipped slightly in 2Q 2011 over the same period last year, according to a recent PricewaterhouseCoopers (PwC) study. But the average deal value for the largest transactions rose by 14%…

Don't cry for me, Venezuela

Jun 08, 2011

Hugo Chávez is a 50-years behind times anachronistic male version of Eva Peron. But he has been elected by the Venezuelan people and he must be reckoned with not just because it is the democratic thing to do but because Venezuela is crucial to America's energy security…

Resource nationalism on its way out?

Dec 31, 2010

The days may be numbered for resource nationalism, Robert Johnson told the Houston World Affairs Council at the Mayer Brown offices late October. ‘Not every country is equally capable of exercising a campaign of resource nationalism,’ said Johnson…

M&A up in the US

Dec 31, 2010

Merger and acquisition activity in the US oil & gas sector picked up steam 3Q 2010, despite ongoing uncertainty about business in the Gulf of Mexico, reported PricewaterhouseCoopers.For the three-month period ending 30 September, there were…

Risky business

Oct 26, 2010

In a ‘brutally costcompetitive environment,' KBR has been looking at multiple ways to provide its services at an increasingly lower cost, said KBR chairman, president and CEO William P ‘Bill' Lutt during the 2010 Rice Global E&C Forum.Lutt told…

Established players look to their laurels

Sep 01, 2010

Andrew McBarnet suggests that the major marine seismic players are favourites to win in a crowded market.You would never realise it from the current crop of financial results and muted forward-looking statements from CEOs of marine seismic vessel operators…

Full steam ahead off Brazil

Sep 01, 2010

The pre-salt Tupi field may claim most of the interest when it comes to oil activity offshore Brazil, but plenty is going on along the large country's coastline. In the last two months, Petrobras has brought online two fields, updated its files…

Bucking the trend

Aug 09, 2010

The last couple of years have seen fairly lean pickings for offshore fabricators in the Netherlands and on the UK east coast. But for one Dutch yard, paradoxically, things could scarcely have gone better.HSM in Schiedam, already sitting on a…

China deepens its resolve on energy security

Jul 09, 2010

Chinese companies have stepped up their activities over the last year, and two recent reports from analysts Infield Energy Analysts and Wood Mackenzie suggest increased activity in the near future, especially as the NOCs venture into deeper waters…

Deepwater poised for fast recovery

May 20, 2010

Two recently published reports point to a speedy recovery for offshore E&P. The deepwater sector of the oil & gas business should recover quickly from the economic downturn and resume the growth the sector enjoyed before the recession, suggests a new report from Douglas-Westwood…

Nigeria closes in on oil reforms

May 20, 2010

Nigeria’s controversial oil reforms, long in the works, appear close to passage. The government hopes to shore up falling production and get a bigger share of oil profits. But IOCs doing business in the Delta are wary, as Russell McCulley reports…

Current News

TotalEnergies to Boost Renewables Spend. Plans $1.5B Share Buyback

TotalEnergies to Boost Renewables Spend. Plans $1.5B Share Buyback

UK Gov't Joins Floating Wind Development Center

UK Gov't Joins Floating Wind Development Center

Brazil: Output from Manati Offshore Field Stopped Due to Gas Leak

Brazil: Output from Manati Offshore Field Stopped Due to Gas Leak

UK: JDR to Build $176M Subsea Cable Manufacturing Plant

UK: JDR to Build $176M Subsea Cable Manufacturing Plant

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