Jon Fredrik Müller and Audun Martinsen, of Rystad Energy, take a look at rising costs and the downturn and share how these two will affect the subsea market going forward. An illustration of the Johan Sverdrup field center…
Shell started first natural gas production from the Corrib field, off the northwest coast of Ireland. Corrib start up. Image from Shell. Corrib is located 83km off Ireland’s northwest coast in nearly 350m water depth…
Abu Dhabi National Energy Company PJSC (TAQA) announced first oil from the new Cladhan field development in the UK North Sea on 29 December. The field was developed as a subsea tieback to the TAQA-operated Tern Alpha platform. Peter Jones…
ITC Global, a provider of satellite communications to remote and harsh environments, has announced that it has been awarded two multi-million dollar contracts, each spanning three years, to provide remote offshore communications to five floating production…
This year, the offshore oil and gas industry has had to come to terms with the worst downturn for more than a decade. With commodity prices plummeting to an eleven-year low in December, it is time to reflect on the year gone by and consider the outlook for the year to come…
Marred by corruption and market turmoil, Petrobras, the operator of key pre-salt projects for Brazil’s oil production over the next five years, is one of many Brazilian oil and gas companies facing a difficult financial future in the short term…
Total's UK subsidiary (Total E&P UK Ltd) has been fined a record £1.125 million (US$1.67 million) after it admitted failures that led to largest release of gas on record from the Elgin offshore platform in 2012. The fine was passed down by the Sheriff Court in Aberdeen…
UTEC NCS Survey, part of UTEC (an Acteon company), has announced the award of a multi-year rig move and positioning framework contract with Total. Total recently awarded the three-year contract with the opportunity to provide positioning…
AlMansoori Specialized Engineering announced the deployment of the first of two planned production testing and stimulation vessels in the Arabian Gulf. The vessel, MV Al Nisr DP-II, brings with it the capability to offer production testing and well stimulation of the highest level…
In Anadarko’s interim Q4 update, the company revealed it is making significant progress at its Heidelberg development in the Gulf of Mexico, in addition to achieving a strong production performance for the period. Image from Anadarko…
AnTech, provider of products and services for the upstream oil and gas industry, has launched three new products within its Wellhead Outlet range. The Type-C Wellhead Outlet, which was designed and developed by the company for use in hazardous environments…
Houston-based Hilcorp filed its plan with the US Bureau of Ocean Energy Management (BOEM) to build a self-contained island for drilling operations in the Beaufort Sea, offshore Alaska. Conceptual 3D rendering of the proposed Liberty Island…
Otto Energy has announced that it has entered into an agreement with Byron Energy for the staged farm-in for participating interests in to up to three lease areas held by Byron in the Louisiana Gulf of Mexico (GOM) area. The transaction…
ConocoPhillips is vastly reducing its 2016 capital budget by 55% to US$7.7 billion, compared to two years ago, that the Houston-based company says is due to the current environment, which remains challenging with low and volatile prices. Ekofisk area…
Chevron is planning a 24% reduction in its 2016 capital and exploratory investment program to US$26.6 billion, compared to 2015’s $35 billion. Chevron's Big Foot in the GoM. Image from Chevron…