If the stars align, and if foreign investors and engineers are up for the challenge, Brazil’s massive oil and gas industry could be on the brink of a massive opportunity boom for non-Brazilian oil and gas companies. Conversely, with a major…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has laid four charges against the consortium behind the Hibernia field after an oil spill. The charges were made against the Hibernia Management and Development…
Eni has made a new gas and condensate discovery offshore Libya. The discovery is in the Bouri North A1-1/1 exploration well in 125m water depth, in Area D, 140km from the coast and 20km north of the Bouri production field. Eni says…
McDermott International has been awarded a contract by Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of 12 jackets for offshore oil and gas fields in Saudi Arabian waters. The work, McDermott's second…
Kongsberg Maritime has been awarded a call-off order for delivery of the safety and automation system (SAS), life cycle simulator and SAS information management system for the four platforms on Statoil’s Johan Sverdrup development field center…
Drilling rig equipment manufacturer Bentec has been awarded three multi-million dollar contracts, including the firm’s first complete rig for the Caspian Sea offshore sector. The Caspian rig contract is for Nobel Oil for work off the coast of Azerbaijan…
Floating production unit operator BW Offshore has taken a hit in revenues and profits following a fatal fire on one of its vessel offshore Brazil. However, the firm says it will recoup its losses after the fire on the Cidade de São Mateus floating production…
More than half (56%) of global oil and gas executives are ready to do deals in the next 12 months according to accountants and business advisors EY’s 12th biannual Oil & Gas Global Capital Confidence Barometer. The global survey of 112…
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for well 6706/11-2 on the Gymir prospect. Well 6706/11-2 will be drilled from the Transocean Spitsbergen semisubmersible drilling rig after completing…
Facilities service provider Petrofac has been awarded a contract to support maintenance management system (MMS) implementation for Bumi Armada’s floating, production, storage and offloading (FPSO), the Armada Kraken. The vessel, a converted Suezmax ice-class tanker…
For the US energy industry, 2014 will be remembered as the year when crude oil prices fell below US$50/bbl, resulting in significant realignments in the sector. Aside from the oil price collapse and the historic high of domestic natural gas production…
Pipeline repair company IRM Systems opened a new base of operations in Houston, Texas. Rutger Schouten, general manager of IRM Systems said: “The implications of this development are tremendous, bringing with them the need for a new perspective on pipeline inspection…
The mobile offshore drilling unit (MODU) market continues to weaken in 2015, reports Odfjell Drilling during its 1Q 2015 investor presentation. The North Sea rig supplier expects the weak MODU market to continue during the next couple of years…
The Energy Technologies Institute (ETI) selected a consortium led by Aberdeen-based consultancy Pale Blue Dot Energy to deliver a project that will identify the next phase of sites deep under the seabed in UK waters to store CO2 emissions…
Full details of the conference sessions and speakers lined up for SPE Offshore Europe 2015 are now available on the event’s website. Image from Offshore Europe Facebook. The choice of this year’s theme…
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