Noble Energy has received approval to move forward with the development of Leviathan, offshore Israel, in addition to inking a US$2.5 billion deal to supply up to 473 Bcf from the highly anticipated project. Image from Delek…
National Oilwell Varco (NOV) introduced an advancement in radio frequency identification (RFID) technology and asset management software for the oil and gas industry. NOV’s latest generation RFID tag, TracTagTM, has been field-proven…
Work on Israel’s giant deepwater Leviathan field could be back on track after a new agreement on the country’s oil and gas terms. Noble Energy, which operates the field, had put forward its revised Leviathan development plan earlier this year…
Automating data collection reduces operator exposure to offshore hazards, as well as making it easier, says Emerson Process Management’s Craig Abbott. Statoil’s Gullfaks’ B platform. Photo from Statoil…
In this video, Statoil shows still drilling at its Statfjord area, offshore Norway. Statfjord is one of the oldest producing fields on the Norwegian continental shelf, and the largest oil discovery in the North Sea. The field…
US supermajor Chevron will cut some 800 jobs in Thailand to keep in line with its plan to cut 4000 from the company this year, and its cost reduction efforts of US$500 million due to the downturn, according to news reports. Image from Chevron…
TGS has acquired approximately 141,000km, or 75%, of the planned 186,000km 2D seismic project, Gigante. Gigante covers the entire offshore sector of Mexico and ties into TGS' regional 2D seismic grid covering the entire US Gulf of Mexico…
The source of a leak that spilled 2100 bbl (88,200 gallons) of crude oil into the US Gulf of Mexico around Shell's Glider field has been identified, the US Bureau of Safety and Environmental Enforcement announced on 13 May. On-site investigators…
Brazil’s interim president Michel Temer has appointed Fernando Bezerra Filho as the country’s new mines and energy minister amid a political battle that suspended Brazilian president Dilma Rousseff from office yesterday (12 May). Image of Filho…
Hyundai Heavy Industries (HHI) is spurring efforts to enhance its competitiveness by implementing intense management reform plans including the voluntary retirement of manager-level employees, the company announced today. “Along with the 25% cut of senior managers last month…
UK independent operator Premier Oil says it has cut costs on its North Sea Catcher floating production project by 15% - and the project remains on schedule. Forecast gross capex to first oil is now anticipated to be about US$1.35 billion…
Ireland’s Lansdowne Oil & Gas has failed to farm out of two licenses off the south coast of Ireland, due to industry conditions that will prevent drilling at the prospects. “Due to adverse industry conditions, attempts to farm-out SEL 5/07…
Subsea distribution systems specialist UNITECH has deployed its 3000th UH-500 Series connector on the Total E&P Congo-operated MOHO Nord subsea project, located around 75km off the coast of Pointe Noire in the Republic of Congo. First introduced in 1996…
Increased production from Chevron's high-pressure, high-temperature Erskine field has helped boost profits and reserves for UK independent Serica Energy. The firm acquired an 17% stake in the field, at a time when it was expected to produce 2100 boe/d net to Serica at $30/bbl operating costs…
Oil major BP has posted a replacement cost loss of US$485 million in Q1 2016, compared with a profit of $2.1 billion a year ago, as it battles the continuing low oil prices. Yet, the firm is set to see production levels lifted as a string of new projects come onstream through 2016-2017…
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