Vard Holdings secured a contract worth about US$40 million for the design and construction of two additional module carrier vessels for Topaz Energy and Marine. The vessels, of VARD 9 21 design and measuring 123m by 16.5m, are sister…
Petrofac Training Services has been awarded a contract for training and emergency response services with Statoil to support its UKCS operations. In the new five-year training partnership, Petrofac Training Services is appointed as Statoil’s…
Aasta Hansteen is the world's largest Spar-platform, and will be the first in Norway. The substructure is 200m-long, 50m in diameter and will weigh about 45,000-tonne. This summer the final mega block weighing 4500-tonne was installed and the substructure reached its full shape…
The Baltim South West field offshore Egypt has the potential to hold 1 Tcf of gas in place, according to Eni. Image from Eni. The Italian giant, along with 50:50 partner BP, upgraded…
China's CNOOC has started production from the Enping 18-1 oilfield in the Pearl River Mouth Basin of the South China Sea. In addition to fully utilize the existing facilities of Enping 24-2 oilfield, the project teamed up with Enping 23-1…
CGG says final pre-stack depth-migrated data for Phase 1 of its Davros 3D BroadSeis and BroadSource multiclient survey in the Northern Carnarvon Basin on the North West Shelf of Western Australia is available. Phase 2 is due to complete by Q4…
Santos and its partners have decided to go ahead with the Sampang Sustainability Project (SPP), a project to extend the life of the Sampang area fields, off East Java, Indonesia, to at least 2020. The project will involve switching the…
Norwegian geoscience firm Spectrum has started a 1800sq km multi client 3D seismic survey offshore Norway in the Western Barents Sea. The new survey, designed based on interest from industry will tie and complement Spectrum's existing 3D surveys in the area…
Shell Canada is moving on to its next prospect in the Shelburne basin, offshore Nova Scotia, after failing to find commercial hydrocarbons at its first exploration well in the program. Map of the Shelburne basin exploration project…
Cautiously optimistic executives expect oil prices to return to US$60-80/bbl – spurring investment and economic growth, according to a new survey conducted by advisory firm Deloitte. The two-year downturn in the oil and gas industry may be coming to a close…
US private investment firm Clayton, Dubilier & Rice (CD&R) has appointed former Statoil and BG Group boss Helge Lund as an operating advisor to CD&R's funds. Lund. Image from BG Group/Shell. Lund…
More than 300 oil service employees in Norway have gone on strike this morning after mediation talks yesterday were said to have failed. Industry Energy, a union which represents workers, claimed the Norwegian Oil & Gas association did…
Interest in new licenses in existing exploration plays offshore Norway has dropped by about a quarter. Some 33 companies have applied for licenses in Norway's 2016 awards in pre-defined areas licensing round, the Norwegian Petroleum Directorate (NPD) said this morning…
Supermajor Shell is moving most of its employees in Houston from its downtown location to the west side of the city. The changes, which are expected to take effect in Q1 2017, will move about 3400 employees from the Central Business District…
Halliburton (HAL) has released the Acoustic Conformance Xaminer service (ACX), a technology designed to help operators identify and pinpoint wellbore leaks by analyzing sound waves that describe flow patterns in the formation and casing. The…
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