Oil and gas industry sentiment in the UK plunged dramatically in Q4 2014, according to the results of a survey published today. Oil & Gas UK’s Business Sentiment Survey says optimism in the oil and gas industry fell 16 points to -23 points on a -50/+50 scale…
Private equity group Epi-V has taken on Talisman Sinopec Energy UK CEO Geoff Holmes to lead its FourPhase portfolio company CEO as it looks to grow its global portfolio. it has also taken on Expro director Tony Kitchener, as Chairman…
Andy Samuel, Chief Executive of the UK's new offshore industry regulatory body, the Oil and Gas Authority, has made his first senior appointments to the nascent body. Samuel has appointed the first three of six directors to his leadership team: Simon Toole…
The latest drilling campaign offshore the Falkland Islands is expected to start next month, partner Falkland Oil and Gas (FOGL) said this morning. Announcing that the rig for the campaign, Ocean Rig's Eirik Raude drilling rig has started mobilization from West Africa…
James Onifade discusses how the first managed pressure drilling operation for an African operator accurately detected and circulated a small influx out of the well, without having to shut it in or threatening the safety of the rig crew. The…
Wintershall Norge received consent from the Petroleum Safety Authority Norway (PSA) to use the facilities on the Vega field in the North Sea. Wintershall took over operatorship of Vega from Norway’s Statoil in September 2014. According to the PSA…
Electromagnetic Geoservices (EMGS) entered into a US$2.5 million data licensing agreement with an oil company for the provision of 3D EM data related to the 23rd licensing round in the Barents Sea. EMGS's multi-client data library in Norway now covers 44…
The Bureau of Ocean Energy Management (BOEM) released the draft supplemental environmental impact statement (EIS) for the US Gulf of Mexico. Gulf of Mexico map. From BOEM. The…
EMAS AMC secured multiple new awards valued at more than US$65 million. Scope of work includes project management, engineering, and transportation and installation works for a floating production storage offloading (FPSO) vessel in Africa…
Shell has its sights set for Arctic exploration this year by spending US$1 billion, after being absent since 2012. Ben Van Beurden. From Shell. The supermajor announced in its 4Q 2014…
GE has launched GE Marine, a new organization focusing on the merchant, offshore and naval industries, to be led by Tim Schweikert, VP, GE Marine. This new organization brings together GE’s commercial and technological expertise in the…
Technip's president and chief operating officer (COO) is joining Netherlands-based floating production specialists SBM Offshore as COO. Philippe Barril (pictured) will start on 1 March. Barril had joined Technip five years ago and had been named president and COO in January last year…
Africa focused small-cap player Azonto Petroleum is continuing its work on the offshore Ivory Coast Gazelle field, despite difficulties in the market. A field development plan, submitted by operator and 87% equity holder Vioco, which is 35% owned by Azonto…
The Middle East well intervention market is expected to reach US$2.4 billion by 2018, up from $1.37 billion in 2013, with a CAGR of 11.9%, according to a Research and Markets report. The Middle East, with 80.3 trillion cu/m, is home to 43…
Marine Well Containment Co. (MWCC) received delivery of its expanded containment system (ECS) for operations in the US Gulf of Mexico. MWCC Containment System in a 'cap and flow' scenario. From MWCC…
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