SeaBird Exploration will now commence the Gigante survey for TGS Nopec, after receiving all necessary permits. The vessels Osprey Explorer and Hawk Explorer have commenced acquisition while Northern Explorer is currently mobilizing to Mexico…
Wood Group acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at US$14.3 million. BETA’s expertise in advanced vibration, pulsation stress…
Statoil and its partners submitted an amendment to the plan for development and operations (PDO) for the Gullfaks license to the Ministry of Petroleum and Energy for phase 1 of the Shetland/Lista development. Investment costs are estimated at some US$114…
Mitra Energy has completed the acquisition of 533sq km of full-fold 3D seismic data in the Block 127 Production Sharing Contract area, offshore Vietnam. The survey was undertaken by PTSC CGGV Geophysical Survey Co. using the 3D seismic survey vessel Amadeus…
Independent Oil and Gas (IOG) has started discussions with potential floating production, storage and offloading (FPSO) vessel providers for its UK north Sea Skipper development. The firm, which recently agreed to acquire 50% of the Skipper license from Alpha Petroleum…
Technip has won the contract to provide detailed engineering and procurement services for the topsides of what will become a floating production and offloading (FPSO) for Brazil's multi-billion barrel pre-salt Libra field. The FPSO, which will be a conversion from a shuttle tanker…
Exploration and appraisal activity in the North Sea doubled in the opening three months of the year following the UK Chancellor’s industry tax cut, new figures reveal. Data published by the Department for Energy and Climate Change (DECC)…
The Israeli government came to a decision to move forward in the development and expansion of natural gas fields off the country’s coast. Prime Minister Netanyahu. From GPO. 'Today…
Husky Energy started production from the South White Rose project in the Jeanne d'Arc basin offshore Newfoundland and Labrador. The first well has been brought online and the second well is scheduled to start up in late summer. Net peak…
Xodus Group has secured a contract for the vibration assessment and analysis on the oil train piping and structures for Zakum Development Co. at Zirku Island, 140km northwest of Abu Dhabi. The work, valued at over US$600,000, will pull in services from Xodus’ process…
Embattled Brazilian state-owned energy firm Petrobras has approved a new five-year investment plan for 2015-2019, which slashes total investments by 41% from last year’s estimates, the company announced on 29 June. Last year, the company announced it planned a total capex of US$220…
Fugro’s multi-purpose drilling, well intervention and geotechnical vessel, Fugro Synergy, is proving her capabilities on a multi-well intervention campaign which recently started in the Gulf of Mexico. The campaign involves utilization of a top-tensioned 6…
The European Commission has cleared the proposed US$7.6 billion merger between Dresser-Rand and Siemens, the Houston-based equipment supplier announced on 29 June. All of the conditions precedent regarding regulatory matters have now been satisfied…
The US Supreme Court rejected BP and Anadarko Petroleum’s appeal relating to billions of dollars owed from Clean Water Act fines for 2010’s Deepwater Horizon spill, according to news reports. Image from USCG…
An oil industry consortium that includes BP and ExxonMobil suspended a Canadian arctic exploration program in the Beaufort Sea region due to insufficient time to begin test drilling before its lease expires in 2020, according to Seeking Alpha…
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