Shell’s full year 2015 results are expected to record a significant drop of about 54% compared to 2014, in addition to a reduction of some 10,000 positions across BG Group and Shell in an effort to streamline and integrate the two companies…
Trendsetter Engineering has announced the successful qualification of our high‐temperature, metal‐to‐metal sealing TEX‐5 gasket. The TEX‐5 gasket is featured in Trendsetter’s proprietary Trendsetter Connection System (TCS) vertical flowline connection system…
Beijing-based China National Offshore Oil Corp. (CNOOC)’s 2016 business and development plan shows a slight reduction of about 5% when compared to 2015 due to continued challenges with low oil prices. Image of CNOOC's Golden Eagle…
Implementation day for the Joint Comprehensive Plan of Action (JCPOA), an agreement among Iran, the P5+1 (the five permanent members of the United Nations Security Council and Germany), and the European Union (EU), occurred on 16 January…
The United Arab Emirates (UAE)'s chances for taking on some of the world’s future floating production and storage offloading (FPSO) vessel construction are diminishing as the global market looks set to stall for at least five years, with local demand for floating facilities little better…
The second appraisal well, SNE-3, to be drilled on the SNE oil field, 100km offshore Senegal, has been re-entered and will now be drilled to planned total depth. SNE-3 well, located approximately 3km south of the initial SNE-1 discovery well…
HitecVision merged three oil companies into Point Resources, a robust mid-sized independent oil company focused on the Norwegian Continental Shelf (NCS). The new company will engage in both exploration, development and production on the NCS…
Over the weekend, the six world powers (P5+1), European Union (EU), and Iran reached an agreement that lifted sanctions on Iran’s oil production that will see Western nations enter Iran for oil exploration and production for the first time in more than a decade…
ExxonMobil Upstream Research Co. has signed a joint development agreement with Hunting Energy Services’ Titan division to develop new autonomous tools technology focused on well construction and intervention efficiency. The two Houston…
Anadarko Petroleum achieved first oil at Heidelberg in the deepwater Gulf of Mexico last week. Map of Heidelberg. Courtesy of Anadarko. Heidelberg is located in Green Canyon 859…
Airborne Oil & Gas, a composite pipe manufacturer, has secured an investment from Chevron Technology Ventures, the technology investment arm of Chevron Corp. The Dutch manufacturer has developed a range of composite pipe products that offer unique benefits for offshore oil and gas operations…
Amarinth has delivered four sodium hypochlorite dosing pumps manufactured in titanium alloy to ADMA-OPCO for use on the Umm Lulu Development Project offshore of Abu Dhabi. Amarinth were approached by Cumberland to tender for the pumps on a tight 24 week delivery for the Umm Lulu platform…
Embattled Brazilian state owned firm Petrobras has made deeper cuts to its previously announced 2015-2019 business plan, with the company announcing a 25% drop in capex today (12 January). Petrobras will drop its planned capital expenses by US$32 billion in its 2015-2019 business plan…
Mexico’s secretary of energy (SENER) announced on 7 January that it signed two remaining production sharing contracts with Pan American Energy and Fieldwood Energy for areas awarded offshore Mexico during the country’s phase two bid round held in late September…
Det norske oljeselskap has received consent from the Norwegian Petroleum Safety Authority to use the Transocean Winner mobile drilling facility for production drilling and completion on the Volund field. Transocean Winner is a semi-submersible facility of the GVA 4000 type…
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