Petrobras' Board of Directors approved the reelection of CEO Pedro Pullen Parente for a two-year term in the company’s executive office. Parente had been elected CEO as of May 31, 2016, following the term in office of the previous CEO…
The US Gulf of Mexico is leading the way to a leaner and more cost-competitive deepwater industry as it emerges from the downturn, with the most attractive projects now competing with US tight oil plays, according to Wood Mackenzie (WoodMac)…
Senior figures from Mexico’s national oil company Pemex have been discovering the secrets of the UK subsea sector’s success and how it has revolutionized the way in which hydrocarbons have been extracted from beneath the seabed during a fact-finding visit to Aberdeen…
Jacobs Engineering signed a contract with ONEgas to perform engineering services for the decomplexing of its K15-FA platform in the North Sea. The decomplexing process involves transitioning K15-FA to an unmanned platform without gas treatment installations…
ExxonMobil has confirmed a new discovery offshore Guyana at the Snoek well, as the supermajor continues its efforts in the area by drilling the Liza-4 well. Image from Exxon. Exxon encountered more than 82ft (25m) of high-quality…
Petróleo Brasileiro (Petrobras) has canceled its deal with Karoon Gas Australia for a stake sale in the Baúna and Tartaruga Verde oil fields offshore Brazil, however the Brazilian giant will continue its efforts to sell off its interest in the two fields…
Aker Solutions has agreed to acquire oil-services provider Reinertsen for nearly US$25million in a move to build on its position as a leading maintenance and modifications supplier offshore Norway. Image from Aker Solutions…
Allseas’ Pioneering Spirit is in the process of testing new equipment, as the mega vessel readies for the decommissioning of Shell’s Brent Delta in the North Sea later this year. The Pioneering Spirit in pipleay mode…
Africa-focused Impact Oil and Gas farmed out 65% participating interest in a production sharing contract (PSC) and associated joint operating agreement in the AGC Profond block in the offshore joint development zone between Senegal and Guinea-Bissau to CNOOC UK…
Fugro entered a strategic alliance with Ground Structures Engineering Consultants to facilitate training for Guyanese citizens and support local economic development. Image of Charles Ceres from Ground Structures Engineering Consultants…
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit the Alta appraisal well 7220/11-4 in the Barents Sea. Well 7220/11-4 in production license 609 will be drilled from the Leiv Eiriksson drilling facility. The…
The Deepsea Metro I drillship has set sail to the Galoc field, offshore the Philippines, with drilling operations expected to start on 31 March. The Deepsea Metro I. Image from Odfjell Drilling…
Newcomer Point Resources has entered the playing field as a mid-sized Norwegian exploration and production (E&P) company, signing a deal with ExxonMobil to acquire the supermajor’s operated upstream business in Norway. The Jotun A…
Repsol Sinopec Resources UK has exercised a further four weeks of options for the Safe Boreas semisubmersible accommodation vessel, says Prosafe. The Safe Boreas will continue operations for Repsol Sinopec Resources UK at Montrose A in…
McDermott Middle East launched a specialized on-the-job graduate training program exclusively for students from the Kingdom of Saudi Arabia (KSA). McDermott KSA graduates. Image from McDermott…
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