Mexico’s federal government is taking measures to strengthen Petroleos Mexicanos’s (Pemex) financial position by providing a total liquidity of some US$4.2 billion (73.5 billion MXN), Mexico’s Secretariat of Finance and Public Credit (SHCP) announced today…
In late February, Weatherford completed a drilling and reaming project near Sakhalin Island, Russia, that resulted in a total of 52 hours in rig time saved. The operator contracted Weatherford to enlarge a 3641ft (1110m) hole section from 8…
The wellhead jacket and the access deck have set sail from the Netherlands and are headed for Maersk Oil’s ultra high pressure, high temperature Culzean development in the UK North Sea. Heerema Fabrication Group (HFG) announced the completion of both projects…
India’s Oil & Natural Gas (ONGC) has awarded Fugro a contract for the provision of remotely operated vehicle (ROV) services on board the drillship Sagar Vijay, off the east coast of India. Under the contract, Fugro will provide support for deepwater drilling operations in depths up to 900m…
Norwegian geoscience firms Petroleum Geo-Services (PGS) and Electromagnetic Geoservices (EMGS) have reached a settlement agreement over patent disputes. Instead of not allowing each other to use each other's technologies, the firms have…
Norway's Statoil has made a 'minor' discovery near the Oseberg field in the Norwegian sector of the North Sea. The firm drilled two wells on production license 035/272, 30/11-11 S and 30/11-11 A, about 2km southeast of the Askja East…
The UK North Sea's first use of a subsea oil storage tank has started, independent operator Premier Oil announced this morning. First oil on the Solan field, which was developed to use normally unmanned facilities, including subsea oil storage and tanker offloading…
While Ensco adds two more rigs to its cold-stacked list, the rig provider sold one of its semisubmersibles for US$1 million. The Houston-based company has also seen several of its contracts shortened. Image from Ensco…
Aegion Corp. is on schedule to begin pipe coating and the application of pipe insulation material for use on the Shell Appomattox project in the deepwater Gulf of Mexico, this fall. The insulation material vendor for the project, Materia…
Atlantic Offshore has sold most of its operations and subsidiaries to newly established company Aegopodium in a US$2.1 million (NOK 16.9 million) deal, after its own restructuring solution was rejected by stakeholders. The Ocean Sprite…
Antelope Oil Tool has developed the CentraMaxRT1 (rotating), PI1 (push-in) and PT1 (pull-through) Centralizer Subs, adding to the CentraMax product line. Image from Antelope. The…
Statoil has awarded Proserv a multimillion-dollar contract to provide production control equipment for its Gullfaks project in the North Sea. Upon the terms of the agreement, Proserv will supply five wellhead hydraulic power units for the field…
DOF subsidiary DOF Rederi has entered into agreements with both Nexen Petroleum UK and Maersk Oil North Sea UK for charter contracts in the North Sea. With Nexen, a contract is scheduled to start in May for the Skandi Marstein in the North Sea…
Schlumberger’s Muriel Barnier has been awarded the inaugural Outstanding Young Professional Award. Image of Barnier, from IOGP Twitter. Gordon Ballard, Executive Director at…
Marathon Oil has agreed to sell its 10% stake in the giant Shenandoah oil discovery in the US Gulf of Mexico as part of a major sell-off of assets. The firm has already sold out most of its major assets in the Gulf of Mexico. In November last year…
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