Norway has no plans to reduce output to support crude prices after they plunged 50% in the last nine months.
Petroleum Safety Authority (PSA) Norway has decided to initiate an investigation following a fire involving the generation of fumes on the Petrojarl Knarr FPSO.
HAMILTON, Bermuda -- C&J Energy Services, Inc. and Nabors Industries Ltd. have completed the combination of C&J with Nabors' completion and production services business.
Paradigm has announced that Turkish Petroleum (TP), the national oil company of the Republic of Turkey and a long-time Paradigm customer, has added Paradigm Reverse Time Migration (RTM) to its product portfolio.
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.
Sterling Energy has appointed Eskil Jersing as CEO and a director of the company; the appointment is effective immediately.
OneSubsea, a Cameron and Schlumberger company, has delivered the world’s first subsea multiphase compressor to Statoil for Gullfaks South field in the North Sea.
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.
U.S. Sen. Lisa Murkowski, R-Alaska, has stressed the economic and national security benefits of ending the 1975 federal ban on exporting domestically produced crude oil at a hearing before the Senate Energy and Natural Resources Committee.
Schlumberger has announced the launch of TeleScope ICE ultrahigh-temperature measurements-while-drilling service and PowerDrive ICE ultrahigh-temperature rotary steerable system (RSS).
Dramatic changes may be affecting Norway’s oil and gas sector, but Petroleum Safety Authority (PSA) Norway director-general Anne Myhrvold makes it clear that savings must not affect continuous safety improvements.
Enquest Plc, a producer of oil and gas in the North Sea, said the UK’s decision to offer tax cuts to operators in the region was a “very positive step” that will help counter a collapse in prices for the fuel.
Statoil plans to drill four wells in Russia with state oil company OAO Rosneft, showing Norway’s biggest energy producer is deepening its involvement in the country against the backdrop of international sanctions.
LONDON (Bloomberg) -- The North Sea, which brought upheaval to global oil markets in the 1980s just as shale has in this decade, is desperately seeking tax relief in Wednesday’s British budget.
WARSAW (Bloomberg) -- Poland’s estimated recoverable reserves of so-called tight gas are probably higher than its proven conventional deposits of the fuel, according to the Polish Geological Institute.
CALGARY, Alberta -- Nexen Energy, a wholly owned subsidiary of China’s CNOOC, has announced organizational changes that will reduce the company’s workforce by about 400 employees.
NUTECH has signed an alliance and consulting services agreement with London listed UK Oil & Gas Investments (UKOG).
The changing shape of North Sea offshore workers over the last three decades is revealed in the findings of a ground-breaking high-tech study just concluded in Aberdeen.
The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, has signed with Eni’s CEO, Claudio Descalzi, a Head of Agreement aimed at the development of the oil and gas resources of the country, while preserving the return of Eni’s investments.
Eni has completed post-drilling studies on the Merakes-1 gas find, in Indonesia’s deepwater East Sepinggan Block, which indicate significant upside gas potential. Eni is the operator of the block with an 85% interest.