Asia Pacific upstream oil and gas development and production company has announced the completion of works required to resume production from the Montara oil field. This restart follows an extensive maintenance and inspection shut down. 'Work…
Italian oil and gas company Eni has agreed to acquire a 70% stake in the Oooguruk oil field located offshore Alaska from Caelus Natural Resources Alaska for an undisclosed price.With Eni already holding 30% working interest in the oilfield, the Italian energy major’s operating stake in the same…
Malaysia's largest oil and gas services company Sapura Energy narrowed third-quarter net losses as broader operating income more than offset losses at its drilling business.Sapura's third-quarter net loss was 31.1 million ringgit ($7.5 million)…
Houston based E&P company ConocoPhillips announced it has realigned its executive leadership team following news that its executive vice president, Production, Drilling and Projects Al Hirshberg will retire.Effective January 1, 2019, Matt Fox…
Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 10 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. part of the Gulf.BHP Billiton, BP, Equinor and…
Chevron has agreed a seven-year partnership with Microsoft which will see the internet giant become the oil major's primary cloud provider. Chevron says the move will 'accelerate the application of advanced technologies including analytics…
Offshore oil and gas operators in the Gulf of Mexico, including Anadarko and Shell, have begun redeploying personnel to the Gulf of Mexico following Hurricane Nate. Tropical depression Nate as of 8 October…
Weatherford International and Intel Corp. will collaborate to bring the Internet of Things (IoT) technologies to the oil field. Colin Tait, director of information technology at Weatherford, stood alongside Jonathan Ballon, vice president…
LQT Industries has been awarded aluminum accommodation modules to three platforms in the Gulf of Mexico to support drilling and production operations. The packages consist of 24 aluminum accommodations modules that will house approximately 136 personnel to support offshore operations…
Petronas will relinquish Blocks 1 and 2 offshore Vietnam to host authority PetroVietnam once the production sharing contract (PSC) for the blocks expire on 9 September. Petronas subsidiary PC Vietnam Ltd.’s (PCVL) 26-year PSC for the blocks…
General Electric Co. (GE) Chairman and CEO Jeff Immelt – who transformed the company into a digital industrial portfolio aligned to oil and gas and other key markets – will step down as CEO and retire from the company at year-end 2017. Immelt…
An Ocean Power Technologies' PB3 PowerBuoy has been deployed off the coast of Kozu-shima Island in Japan as part of its first lease agreement with Mitsui Engineering and Shipbuilding (MES). The PB3 was shipped to Japan in February and arrived in Tokyo on 18 March…
Wave power firm Ocean Power Technologies (OPT) has formed a strategic alliance with HAI Technologies, with an initial plan to work together on offshore oil and gas subsea chemical injection systems, where persistent power and real-time data communications are critical…
Austrian operator OMV is restarting production from the Maari/Manaia wellhead platform, offshore New Zealand, in which a crack was found late last year. A temporary repair has been made and now OMV, with advisors AMOG and Worley Parsons…
ExxonMobil has developed cMIST, a technology which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology. This inline technology could be deployed at both…
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