A team of US and UK supermajors led by Chevron are exploring and appraising 24 jointly-help offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Image from BP. The deal between Chevron…
BG Group has signed a six-year global alliance with KBR to provide technical support, services (in both the pre-FEED and FEED stages), and project management expertise across BG Group’s global upstream portfolio. Under the agreement, which has options to extend up to 10 years…
Russia's Gazprom has approved a new route for a gas pipeline across the Black Sea to Turkey. Gazprom had been due to build, in partnership with Eni, Wintershall and EDF, the South Stream pipeline, from Russia, across the North Sea, to Bulgaria and on to Italy…
Malaysia's Yinson Holdings has won a US$2.5 billion FPSO charter and operation contract with Eni on the deepwater Offshore Cape Three Points Block (OCTP), offshore Ghana. The contract, agreed between Eni and Yinson companies Yinson Production…
Maersk Drilling has taken delivery of its third ultra harsh environment jackup, XLE-3, from the Keppel FELS shipyard in Singapore, ahead of schedule. The rig (pictured) will start her mobilisation to the Norwegian North Sea late February…
Europe’s second largest steel producer Tata Steel has marked the supply of one million tonnes of pipeline for oil and gas projects in the North Sea. Henrik Adam, chief commercial officer of Tata Steel in Europe, says the firm has completed…
Dubai-based Gulf Marine Services has won a new long-term contract award for one of its Large Class vessels. The vessel will start a four-year charter (three years firm with a one-year option) at the end of Q1 2015 on completion of…
Danish engineering house Ramboll Oil & Gas is to perform detailed design work for the two jackets for Maersk Oil's ultra-high-pressure, high-temperature (HPHT) UK North Sea Culzean field. The jackets are for a central processing facility…
The US Department of the Interior today (Tuesday) announced details of a proposed oil and gas leasing program for 2017-2022. US Secretary of the Interior Sally Jewell (pictured, right, with President Obama) and Bureau of Ocean Energy…
US$75-80 barrel oil price will be the new norm, industry commentators predicted Tuesday morning. But how long it will take to get there is the greatest uncertainty. Elaine Maslin reports. Uncertainty around how long oil prices will remain around US$50/bbl and…
Norwegian explorer Statoil returned three licenses off the west coast of Greenland this month, the company confirmed. The reduction follows the company’s announcement last February that it would cut back on Arctic exploration efforts to control capital expenditures…
McDermott’s Derrick Barge 50 (DB50) completed the installation of a drilling and production platform that included the heavy lift of a 3250-tonne jacket in the Gulf of Mexico. The DB50 installation…
Hess shows the carefully staged choreography of 14 cranes as they hoisted the 1000-tonne Tubular Bells main deck 100ft in the air to set it into place atop the production and cellar decks at a Houma, Louisiana fabrication facility. The Tubular…
Italian explorer Eni sanctioned the Offshore Cape Three Point (OCTP) deepwater development project that will provide domestic gas supply to Ghana’s thermal power plants for more than 15 years. Image from Eni…
New York-headquartered Hess says it is cutting its 2015 capital and exploration budget by 16%, compared to 2014, to US$4.7 billion. While the firm said most of the cash (45%/$2.1 billion) would be spent on its unconventional shale resources…