Brazil’s state-controlled oil company Petroleo Brasileiro SA has abandoned exploration at the Caramba prospect in a deepwater region that holds the country’s biggest discoveries.
The UK aims to maximize domestic oil and gas production and curb the spread of onshore wind farms as the government leans toward maintaining energy security over cutting carbon emissions.
Statoil has awarded Aibel the contract to conduct a FEED study for the Oseberg Future Development Brownfield Topside project. The contract gives an opening for the subsequent EPCI contract.
CNOOC Limited has reported a mid-sized discovery, Liuhua 20-2, in the Eastern South China Sea.
Eni has made a gas and condensates discovery offshore Libya, in the Bouri North exploration prospect.
Bordelon Marine has taken delivery of the M/V Shelia Bordelon, a DP2 Ultra-Light Intervention Vessel (ULIV).
Drilling rig and oilfield equipment manufacturer Bentec has won three major, multi-million dollar contracts. The company also confirms its further expansion into the offshore market.
For the U.S. energy industry, 2014 will be remembered as the year when crude oil prices fell below $50/bbl, resulting in significant realignments in the sector, noted Douglas-Westwood’s DW Monday.
Cue Energy has initiated production from the Maari MR7A development well, with a provisional initial production rate between 1,500 to 2,000 bopd.
A platform gathering oil in the Gulf of Mexico shut in about 2,200 bopd of output after a compressor caught fire. The Texas Petroleum Investment Co. platform in Breton Sound Block 21, near the southeastern Louisiana coast, evacuated 28 workers without injury after the compressor fire, according to a U.S. Coast Guard.
The U.S. Coast Guard is responding to a report of a platform fire near Breton Island, Friday.
Statoil Petroleum, operator of production license 348 C, is in the process of completing the drilling of wildcat wells 6407/8-7 and 6407/8-7 A. Both wells have been drilled about 4 km north of Hyme field in the southern part of the Norwegian Sea.
Petronas has reached a significant milestone in its upstream operations in Indonesia with first oil achieved from Bukit Tua field on May 17.
Transocean Ltd. has reached two separate settlement agreements, with the Plaintiffs' Steering Committee (PSC) and with BP Exploration & Production Inc. and BP America Production Co.
Petrofac has been awarded a contract to support maintenance management system (MMS) implementation for Bumi Armada’s North Sea bound FPSO, the Armada Kraken.
Exxon Mobil Corporation has announced a significant oil discovery on the Stabroek Block, approximately 120 miles offshore Guyana.
Halliburton has reached an agreement with BP Exploration & Production Inc. to resolve remaining issues, which includes indemnities between the parties and dismissal of all claims against each other, relating to the April 20, 2010, Deepwater Horizon well incident in the Gulf of Mexico.
Ardent co-operation across the UK oil and gas industry which draws on the experience of others is important in helping to contain inflationary pressures and achieve a sustainable future for the UK Continental Shelf (UKCS), a London audience heard on May 19, at an Oil & Gas UK briefing, sponsored by Costain Upstream Ltd and Herbert Smith Freehills.
Oil’s rebound and more certainty around company valuations are keys to driving mergers and acquisitions activity next year given the pent-up demand for deals, bankers said Tuesday at an energy forum in Houston.
“The dam will break at some point,” Stephen Trauber, vice chairman and global head of energy at Citigroup Inc., said at the Mergermarket conference.
AVEVA has entered a multiyear agreement with Aker Solutions for Everything. Aker has selected the software systsem to be its strategic 3D tool on plant design, modification and maintenance projects.