CNOOC, China’s biggest offshore explorer, reported a 6.6% percent increase in annual profit even as the plunge in crude prices hit explorers across the world.
The Solitaire pipe-laying vessel started the first stage of the Polarled installation project on Thursday, Statoil has reported. The 482-km long pipeline will transport gas from Aasta Hansteen field, in the Norwegian Sea, to Nyhamna, in western Norway.
Helix Energy has entered into a new multi-year contract with Shell to provide well intervention services in the U.S. Gulf of Mexico utilizing Helix’s Q4000.
Shell UK plans to reduce the number of staff and agency contractors who support the company’s UK North Sea operations by at least 250 in 2015. Shell will also introduce changes to UK North Sea offshore shift patterns.
Electromagnetic Geoservices has entered into two new data licensing agreements with two oil companies for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea.
The Libra consortium has finished drilling extension well C1. The drilling results confirmed a hydrocarbon column 200 m deep with good permeability and porosity.
ION Geophysical has announced the completion of the seismic acquisition stage of the company's NamibiaSPAN program, which extends the full length of Namibia's offshore continental margin.
Petroleum Safety Authority (PSA) Norway has decided to initiate an investigation following a fire involving the generation of fumes on the Petrojarl Knarr FPSO.
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has started drilling appraisal well 7220/11-2 in PL609.
International oil spill player Aptomar has entered into a service agreement with Hammerfest-based maritime electronics company O.M. Rønning Skipselektronikk to further enhance oil spill detection and combating capabilities at Eni Norge’s Goliat field.
Oceaneering International, as part of a consortium with GE Oil & Gas, has secured a contract with Eni Ghana Exploration and Production and its partners, Vitol and GNPC, to supply equipment for the Offshore Cape Three Points (OCTP) Block project development located off the coast of West Africa.
FMC Technologies and Technip have signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of the two companies.
Schlumberger has completed the acquisition of approximately 2,750 sq km of two new full-azimuth multiclient seismic surveys over the Garden Banks and Green Canyon areas in the Gulf of Mexico.
Woodside has signed production sharing contracts for Blocks AD-2, AD-5, A-4 and A-7, which were awarded to Woodside in the 2013 Myanmar Offshore Bid Round, the company announced Friday.
Southwestern Energy has executed a definitive agreement with a private buyer to sell Southwestern Energy’s conventional oil and gas assets located in East Texas and the Arkoma basin for approximately $218 million.
Polarcus Limited has signed a Letter of Intent with an undisclosed client for a 3D marine seismic project on the UKCS utilizing Polarcus' RightBAND technique for broadband data acquisition.
Venari Resources was the high bidder on 12 deepwater blocks in the Central Gulf of Mexico offshore lease sale held on Mar. 18 by the Bureau of Ocean Energy Management in New Orleans.
Petrobras' output from the Santos and Campos basin pre-salt clusters has reached record levels in February.
Clariant Oil Services has acquired a chemical storage and packaging facility in Broussard, La.
Global Maritime Deep Sea Mooring unit has announced a $770,000 million (AU$ 1 million) investment with local manufacturer Green Monster Offshore (GMO) for two state-of-the art remote operated spooling winches to support offshore pre-lay mooring operations.