Electromagnetic Geoservices (EMGS) announced a cost reduction program that will generate cuts in its fleet, workforce, and capital expenditures, which the company is blaming on challenging market conditions. The EM Leader…
Transocean was awarded approximately US$35 million for two different contract extensions that are about 11,000mi from each other. The Transocean Barents. From Transocean. US…
Weak demand for services in the oil sector is helping operator Premier Oil to reduce costs on its Vette and Sea Lion projects, the firm said this morning. While the now expected prolonged low oil prices could put pressure on future projects…
Italy's Eni is close to starting producing from Norway's first Arctic oil development, reports Reuters. Production from the Goliat field, estimated to hold about 178 MMboe, was originally expected to start in 4Q 2013, but the project has been beset with delays and cost overruns…
Phases 15 & 16 of the massive offshore South Pars gas field are close to starting production, according to the project's manager. Reza Forouzesh said the phases are expected to come online by mid-October. Production from Phases 15 & 16 of the offshore South Pars…
UK supermajor Shell awarded OneSubsea a contract to supply subsea services for the Stones ultra deepwater development project in the Gulf of Mexico. An artist's impression of the Stones FPSO. From SBM Offshore…
The US Bureau of Ocean Energy Management (BOEM) announced that its Western Gulf of Mexico (GoM) lease sale 246 held today (19 August) attracted US$22.7 million in bids. The BOEM and industry advocates say the sale reflects current market conditions…
Primeline Energy has entered into a turnkey drilling contract with China Oilfield Service Ltd. (COSL) for its 2015 exploration program of two wells in Block 33/07 in the East China Sea. Under the terms of the drilling contract, COSL has…
The Energy Industries Council (EIC), the leading trade association for UK companies that supply goods and services to the energy industries worldwide, will be the focal point of attention at Offshore Europe this September as the largest single exhibitor at the show…
North Sea independent EnQuest expects to reach first oil on its Alma/Galia development within a few weeks, the firm announced this morning. The development, a subsea project tied back to the EnQuest Producer floating production, storage and offloading (FPSO) vessel…
The Danish North Sea high-pressure, high-temperature Hejre oil field project continues to be challenged by delays from its supplier consortium, according to operator DONG Energy. Henrik Poulsen, the firm's CEO and President, said DONG continues to press for first oil in 2017…
Image: LQT Industries, LLC LQT Industries, LLC has been awarded two projects to upgrade and refurbish single lift accommodations that house a total of 320 personnel on a drillship and a semisubmersible located in the Gulf of Mexico…
Aquatic Engineering and Construction Ltd. has been awarded a multimillion dollar contract on the US$10 billion Moho Nord subsea project, 75 km off the coast of the Republic of Congo, West Africa. The contract was awarded by a UK-based subcontractor working for Total E&P Congo…
The “Lava Jato” scandal, which US-based global energy law firm Mayer Brown is calling the “largest corruption investigation in the world,” has taken an economic toll on Petroleo Brasileiro SA (Petrobras), and is creating several business opportunities…
Image: Paul Betteridge, TCO director/TCO TCO has confirmed a continuation of strong sales results, leading to the expansion of its Aberdeen workforce by a third. Within the past six months…
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