Prospect Flow Solutions is joining Wild Well Control to serve as its new advanced engineering group. Since Prospect’s founding in 1999, Wild Well and its parent company have partnered with Prospect on a number of projects to deliver…
Germany’s Wintershall increased the recoverable resources for its Norwegian Sea Maria field by 40MMboe. The Maria field. From Wintershall. The field is now expected to reach 180MMboe recoverable resources…
Eni and Galp Energia’s subsidiary Petrogal finalized a farm in agreement for Eni to acquire operatorship and 70% stake in three permits off Portugal. Map of Galp Energia Portugal blocks. From Galp Energia…
Det norske oljeselskap ASA (Det norske) received consent from the Petroleum Safety Authority (PSA) of Norway for exploration drilling on the three appraisal wells in Ivar Aasen field in the North Sea. Illustration of Ivar Aasen…
Woodside advises that it has finalized an agreement with BP to farm in to offshore blocks in the Scotian basin, off the coast of Nova Scotia, Canada. BP accepted Woodside’s offer to acquire a 20% participating interest in exploration licenses 2431…
Teekay Offshore Partners has entered into an agreement with a consortium led by Queiroz Galvão Exploração e Produção (QGEP) to provide a floating production, storage and offloading (FPSO) unit for the Atlanta field in the Santos Basin offshore Brazil…
Chevron has said it is canceling plans to drill for oil in the Beaufort Sea in Canada's Arctic because of economic uncertainty in the industry as oil prices fall. Beaufort Sea map. From Chevron. The…
Oil exploration in the Bahamas has taken a step forward after a new Petroleum Act and regulations to guide and govern oil exploration in was placed before the Parliament of The Bahamas. The draft legislation is now likely to go through…
Dubai-based rig builder Lamprell has completed the jackup drilling rig, the Shuwehat for Abu Dhabi’s National Drilling Company (NDC) on time, budget and schedule. The delivery to NDC follows a 12 November announcement of a new contract with the firm…
Nexans has provided to BP the first delivery in what will be the world's largest and most complex direct electrical heating (DEH) system to date, says supplier Nexans. The French firm is supplying a comprehensive subsea DEH system solution…
The UK Government's Department for Energy and Climate Change has launched £2.5 million funding to encourage development of CO2 storage in the North Sea. The cash will help companies identify sites under the sea to store the CO2 emissions from coal and gas power stations…
Rodi Marine Service signed a contract with Swiftships to build two additional 175 Foot DP-2 fast supply vessels (FSVs). The two additional vessels will be an extension of the two-boat order made by Rodi Marine in 2013. The Riley Claire…
ExxonMobil signed a production sharing agreement (PSA) with the Cote d'Ivoire governmentfor two ultra deepwater blocks in the Gulf of Guinea. The PSA is for the Blocks CI-602 and CI-603 located in the southern Ivory Coast. CI-602 covers 3874sq km and CI-603 covers 5543sq km…
GE has agreed to acquire the Subsea Electric Actuator product line of Oceaneering, a global provider of engineering services and products to the oil and gas industry. The product line goes to market under the Oceaneering Subsea All Electric and Ifokus brand…
Wärtsilä is acquiring L-3 Marine Systems International (L-3 MSI) from L-3 Communications Holdings in a US$353 million deal. L-3 MSI is a business sector within L-3's Electronic Systems business segment primarily focused on the commercial ship industry…
