Guardian Global Technologies announced the successful deployment of its Select Fire Switch technology offshore Trinidad.
Leading offshore drilling contractor Transocean has reported a net loss of $739 million, or $2.04 per diluted share. To add to the contractor's troubles, Moody’s downgraded Transocean debt to junk after the company booked over $1 billion in write offs.
Helix Energy Solutions Group has entered into an agreement with BP Exploration & Production to amend their existing 2013 agreement for the Q5000 to provide well intervention services in the U.S. Gulf of Mexico to defer the commencement of the work, previously scheduled to begin in the third quarter of 2015, to April 1, 2016.
The Board of Oil & Gas UK has announced the appointment of Deirdre Michie as the organization’s new chief executive.
Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem, has submitted the Plan of Development (PoD) to the National Agency of Petroleum, Natural Gas and Biofuels in Rio de Janeiro on Jan. 30.
INTECSEA has been selected by Chevron to provide engineering and long-lead procurement services for the front-end engineering & design
(FEED) phase of the Buckskin/Moccasin development in the Gulf of Mexico.
CGG, the oil field seismic surveyor that rejected a takeover approach last year by Technip, reported a net loss of $1.2 billion in 2014 after a writedown for restructuring costs and an impairment on marine assets.
Technip has successfully installed the HRD process platform for Oil and Natural Gas Corporation Limited (ONGC), using its proprietary Unideck integrated topside float over installation system for the first time in Indian waters.
TAM International has introduced a new swellable packer technology that alters the geometric design of the elastomer to provide ultra-fast, but predictable and controlled swell rates.
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.
Det Norske Oljeselskap, the oil producer controlled by billionaire Kjell Inge Roekke, is reviewing its funding options and cutting costs as a plunge in crude prices caps the cash flow it needs for new projects.
McDermott International and Petrofac have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline (SURF) projects.
Oil & Gas UK’s new report on offshore exploration, investment and production published on Feb. 24 provides striking evidence of how rising costs, taxes and inadequate regulation have taken their toll on the UK industry’s international competitiveness.
Elsevier has launched Geofacets Mexico, a special edition of Geofacets, designed to give oil and gas companies a competitive advantage in completing Mexico’s oil and gas block bidding.
Saipem has awarded Schneider Electric a contract to design, fabricate and pre-commission two fully-integrated technical buildings—also called E-House modules—to support the deepwater Kaombo FPSO project in Angola, operated by Total E&P Angola with a 30% share on Block 32.
The world’s biggest oil and gas producers, already cutting hundreds of jobs a week from the U.K.’s North Sea, are just warming up.
A thirty-day public consultation on plans to commence decommissioning of the Brent oil and gas field in the North Sea is underway.
Lime Petroleum Norway has entered into an agreement with Tullow Oil Norge to acquire an additional 20% stake in licenses PL591, PL591B and PL591C in the Norwegian Sea.
INPEX's subsidiary, INPEX Browse has been awarded exploration permits for release areas WA-513-P and WA-514-P.
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has signed a farm-out agreement with Lime Petroleum Norway, whereby Lime Petroleum will acquire a 30% working interest in PL338C.