HVALSTAD, Norway -- Wintershall Norway) has awarded 4Subsea a frame agreement contract related to Subsea Engineering Services. The agreement covers engineering and advisory services related to subsea production systems including wellheads, Christmas trees and well intervention systems.
PARIS -- GE has unveiled its new GE Marine organization, which combines several GE businesses, and will be led by Tim Schweikert, V.P., GE Marine.
Maersk Drilling has taken delivery of its third ultra-harsh environment jackup, XLE-3, from the Keppel FELS shipyard in Singapore ahead of schedule.
Royal Dutch Shell will cut $15 billion of investment over the next three years as the crash in oil prices saw fourth-quarter profit miss forecasts.
Royal Dutch Shell and Exxon have sold their stakes in the Sean field to Oranje-Nassau Energie for an undisclosed sum as drillers seek to offload aging North Sea assets.
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for an appraisal well 7220/11-2 under PL609 in the Barents Sea.
BG Group has signed a global alliance with KBR enhancing the company’s capacity to deliver commercially attractive oil and gas projects around the world.
Maersk Oil UK has awarded Ramboll Oil & Gas the detailed design for the two jackets for a central processing facility platform and a separate utilities and living quarter platform for Culzean field offshore Aberdeen.
Wood Mackenzie's European upstream research team have assessed the most significant events of 2014 impacting Continental and Mediterranean Europe’s—all of Europe excluding UK and Norway—oil and gas sector, including the Ukraine Crisis and the collapse of global oil prices, identifying the key areas to watch this year.
BP will freeze employee pay in the latest example of cost cuts as the world’s top oil companies respond to plunging crude.
The low oil price and high project costs mean countries are under pressure to make oil and gas licensing rounds as attractive as possible for bidders if they are to be successful.
OPEC’s secretary-general said oil prices as high as $200/bbl are possible if producers fail to invest in new supply.
Aker Geo will—following the split of Aker Solutions—operate under the First Geo brand with immediate effect.
Statoil has received consent from Norway' s Petroleum Safety Authority (PSA) to drill the exploration well 6706/12-2, located in the Norwegian Sea.
Oil prices won’t recover to $100/bbl once a current rout is reversed, said the head of research at Gunvor Group Ltd., a firm trading more than 2.5 MMbbl of crude and fuels each day.
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway AS has been awarded eight exploration license interests in the 2014 Norwegian Licensing Round (Awards in Predefined Areas, APA).
The drilling rig Maersk Interceptor has started the drilling program on Ivar Aasen field in the North Sea. The campaign has a duration of three years and comprises a total of 15 wells in addition to three pilot wells.
DAVOS, Switzerland (Bloomberg) -- Total SA must lower its break-even point and cut spending amid weak crude prices that could last at least until the middle of the year, CEO Patrick Pouyanne said.
Eni can do well with oil at $65/bbl to $70/bbl, CEO Claudio Descalzi said.
Aker Solutions will provide engineering, procurement and management assistance services for five years at the Statoil-operated Johan Sverdrup development in the Norwegian North Sea.