After several years of technology development, construction and testing the first subsea wet gas compressor in the world is now installed at the Statoil's Gullfaks C platform in the North Sea.
BP’s $18.7 billion U.S. legal settlement is being cheered by investors and analysts as it ends five years of financial uncertainty. It also makes the British oil producer a more attractive takeover target.
Videocon Industries Ltd., an Indian maker of consumer electronics with ambitions to become a major energy producer, plans to invest as much as $2.5 billion over three years in Brazilian oilfields, Chairman Venugopal Dhoot said.
With Thursday’s announcement that BP has settled federal, state and local claims related to the 2010 Deepwater Horizon oil spill for a total of more than $18.7 billion, leaders with Texas’ RESTORE Centers of Excellence are moving forward with plans to use millions in spill-related Clean Water Act funding on research and science activities that will benefit Texas and help to restore the health of the Gulf of Mexico.
ION Geophysical Corporation has launched the first phase of MexicoSPAN, encompassing more than 22,000 km of deep-imaged 2D seismic data.
Mexico plans to auction 914 onshore and offshore oil areas in the next five years as the historic opening of the country’s energy industry aims to add 1 MMbbl of production by 2025.
PetroRio has signed an agreement to acquire 20% of the rights and obligations of the concession contracts for Bijupirá and Salema fields from Petrobras.
BP Plc will pay a record $18.7 billion to resolve claims by the U.S. and five states along the Gulf of Mexico related to the 2010 oil spill.
Conductor Installation Services (CIS) has completed a subsea piling operation for Subsea 7 in the UK North Sea.
Offshore marine and engineering consultancy Aqualis Offshore is to open an office in Busan, South Korea, following increased demand for the company’s services.
PGS has executed an MOU for a cooperation agreement with Spectrum and Schlumberger in Mexico. The collaboration will acquire 80,000 to 100,000 km of modern, long-offset 2D data encompassing all the major hydrocarbon provinces offshore Mexico.
Global Maritime Deep Sea Mooring has been awarded a contract for the provision of mooring and rig positioning services to the Australian oil and gas company Quadrant Energy Ltd.
THE HAGUE -- Royal Dutch Shell has announced the final investment decision (FID) to advance the Appomattox deepwater development in the Gulf of Mexico. This decision authorizes the construction and installation of Shell’s eighth and largest floating platform in the Gulf of Mexico.
LEIDSCHENDAM, Netherlands -- Fugro has finalized the sale of its multi-client data library to Spectrum ASA, for a cash consideration of $115 million.
Statoil has decided to suspend Scarabeo 5 due to overcapacity in its rig portfolio, the company announced Wednesday.
Statoil and its partners have submitted an amendment to the Plan for Development and Operations (PDO) for the Gullfaks license to Norway’s Ministry of Petroleum and Energy for phase 1 of the Shetland/Lista development.
Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd.
CNOOC Limited’s Bozhong 28/34 oilfields comprehensive adjustment project has commenced production. The Bozhong 28/34 oilfields are located in Bohai, with an average water depth of approximately 22 m.
The U.S. Supreme Court rejected appeals from BP Plc and Anadarko Petroleum Corp. and left intact a ruling that opens the companies to potentially billions of dollars in fines for the 2010 Gulf of Mexico oil spill.
Logan Industries, based in Hempstead Texas, has recently been awarded with an order for a Compensated Coiled Tubing Lift Frame (CCTLF) for Maersk Drilling. The CCTLF system will be designed and built in-house and is expected to be delivered to Maersk in Q2 2016.