Norwegian Energy Company (Noreco) has installed a new CEO and CFO as it looks to stablize its financial position and following the departure of CEO Svein Arild Killinland. Tommy Sundt, the firm's CFO, takes over from Killingland. Odd Arne Slettebø will replace Sundt as CFO…
Italy-focused independent exploration and production firm Sound Oil is planning to launch a takeover of fellow independent Antrim Energy by making an offer for all Antrim's listed shares. The move, which values Calgary-headquartered Antrim's issued share capital at £6…
Engineering services firm Plexus Holdings has received a £1.9 million purchase order from a major oil and gas operator to supply surface wellhead and mudline equipment services for a gas and condensate exploration well in the UK North Sea…
Subsea 7 has been awarded a US$50-100 million contract by Royal Dutch Shell (Shell) for installation work in the Gulf of Mexico. The scope of work involves the installation of 27 mi. of 8 in. flowlines and steel catenary risers (SCRs)…
Workers involved in the deadly accident at Fieldwood Energy’s Echo platform at West Delta 105 on Thursday, worked for contractors conducting routine maintenance on the platform, according to the US Bureau of Environmental Enforcement (BSEE)…
Maersk Oil North Sea UK (MOUK) awarded DNV GL a multi-million dollar contract for the Culzean field development project. The Culzean project rendering. From KBR. Upon the terms of agreement…
Statoil is paying US$350 million to take a “time-out” in its Kwanza exploration drilling program offshore Angola. The Stena Carron. From Stena Drilling. The Norwegian giant decided…
Brazil's Petrobras is bring its Cidade de Ilhabela floating production, storage and offloading (FPSO) vessel onstream to operate in the pre-salt Santos basin, offshore Brazil, according to partner BG Group. Cidade de Ilhabela…
The oil industry was only just coming to terms with Halliburton's offer for Baker Hughes when Technip revealed it had made an offer, albeit rebuffed, for CGG yesterday (20 November). Colin Welsh, CEO at energy corporate advisory firm Simmons & Company…
With nearly 40% of today’s oil production coming from mature fields and this figure set to rise according to the Wood Report, maximizing recovery is high on the agenda of oil and gas operators. There is a significant portion of brown…
QinetiQ has acquired the seismic processing and imaging capability of SR2020 Inc. for up to US$1.7 million. The deal, completed yesterday (20 November), will accelerate the development of QinetiQ subsidiary OptaSense by providing it with…
Salamander Energy and Ophir Energy have agreed the proposed terms of a deal which would see Ophir takeover Salamander. The two companies say that the move had “compelling strategic logic,” including a strong balance sheet, enhanced operating…
Norway-based subsea contractor Ocean Installer has been awarded a contract for an umbilical installation project with Oceaneering for LLOG on the Delta House project in the Mississippi Canyon Area of the US Gulf of Mexico. The project…
Technip has been awarded a contract for the ongoing development of the Iracema North field, in the Santos Basin pre-salt area, Brazil. The contract, awarded by Tupi BV, a consortium controlled by Petrobras Netherland BV (PNBV, 65%), with partners BG (25%) and Galp (10%)…
One person is dead and three are injured after an explosion at Fieldwood Energy's Echo Platform at West Delta 105 in the US Gulf of Mexico. The Bureau of Safety and Environmental Enforcement (BSEE) said it is currently responding to the incident in cooperation with the US Coast Guard…