Crude futures dropped for a second day in New York as the dollar strengthened after a monthly jobs report, reducing the investment appeal of commodities.
STAVANGER, Norway -- The licensees in the Johan Castberg and Snorre 2040 licenses have decided to spend more time on the projects, Statoil announced Friday.
STAVANGER -- Statoil is preparing to drill two UKCS wells in the Spring -- one in the Catcher area of the Central North Sea and the other in the Northern North Sea to the west of the Mariner field.
Tendeka has reached a landmark in the growing demand for its FloSure autonomous inflow control device (AICD) range, with more than 10,000 now having been installed globally.
Northern Petroleum's wholly owned subsidiary, Northern Petroleum (UK) Ltd., has signed a farm-out agreement, which includes the agreed terms of a joint operating agreement, with Shell Italia E&P, a wholly owned subsidiary of Royal Dutch Shell, in respect of its Cascina Alberto permit, which is located onshore, north west Italy.
Offshore handling systems producer Caley Ocean Systems and umbilical and cable maker Umbilicals International have joined forces to offer operators and offshore contractors integrated solutions for the deployment of subsea packages and well intervention systems.
Petroleum Safety Authority Norway (PSA) has launched an investigation into an incident on Transocean Barents when a roughneck suffered crush injuries..
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has commenced drilling of exploration well 33/2-2S in PL579.
Magnetrol International, Inc., has recently expanded and opened several key locations: Aurora, Ill., Zele, Belgium, and Dubai, UAE.
Crude fell from its highest close this year in London on concern a global surplus will linger. U.S. oil futures narrowed their discount to Brent after an industry survey was said to report a slowdown in stockpile gains.
The LetterOne Group and RWE AG have completed RWE’s sale of RWE Dea AG to LetterOne.
Oil fell after the first monthly gain since June as Saudi Arabia stepped up production, lifting OPEC’s output beyond its collective quota for a ninth month.
ABERDEEN, United Kingdom -- Wood Group Kenny (WGK) has appointed Bob MacDonald as CEO, effective April 6. MacDonald moves into the role from his position as WGK regional director for the North Sea.
Gassco has taken over as operator of the Knarr pipeline, which will transport rich gas to the Shell-Esso Gas and Liquids (Segal) system and St Fergus in Scotland.
RWE, Germany’s second-largest utility, said it will proceed with the sale of its oil and gas unit to a Russian billionaire on Mar. 02 and may buy back the U.K. business should the new owner face sanctions.
With supertankers booked solid carrying cheap crude, smaller vessels are taking advantage of the opportunity by hauling record volumes of Russian oil to Asia.
The Board of Oil & Gas UK has announced the appointment of Deirdre Michie as the organization’s new chief executive.
German brewers have won the backing of Chancellor Angela Merkel’s government to protect the springs they use from hydraulic fracturing, which they say could taint the purity of their beer.
Statoil (UK) Limited has awarded the contracts for supply base and warehousing services for Mariner field to Asco UK Limited.
Petrotechnics has completed the implementation of its Proscient software platform on two UK offshore assets operated by Nexen Petroleum UK Ltd., a wholly owned subsidiary of CNOOC Limited.