Houston headquartered Apache has unveiled a string of discoveries it has made in the UK North Sea which could increase its total North Sea reserve base by 50% and result in investment in new production facilities. The company says it has made two 'significant' discoveries in the Beryls area…
Statoil reported that oil had been observed near the OLS B loading bouy at the Statfjord filed, offshore Norway, in the early morning hours of 8 October. Production at Statfjord A is said to be operating normally. Statfjord field…
US-based Era Group’s Brazilian joint venture Aeróleo Taxi Aero received notification from Petroleo Brasileiro (Petrobras) that Petrobras will cancel the ongoing tender process for heavy and medium helicopters, leaving the helicopter with a potential workforce reduction…
Transocean and the state of Alabama have agreed to a US$2 million settlement stemming from 2010’s Deepwater Horizon disaster. The Deepwater Horizon. Image from EPA. Governor Robert Bentley announced the settlement this week…
Although Houston-based FMC Technologies fell 22% in its 3Q 2015 revenue, the company managed to book US$1 billion in subsea orders, and added US supermajor Chevron to its 20k JIP. FMC ROV. Image from FMC Twitter…
Senators Maria Cantwell, Barbara Boxer, Dianne Feinstein, Patty Murray, Ron Wyden and Jeff Merkley introduced the West Coast Ocean Protection Act, legislation to permanently prohibit offshore drilling on the outer continental shelf of California…
The big four oil services companies released their 3Q 2015 reports this week and the news is a sign that things are not improving in the sector, and in particular in North America. However, globally, thousands more job cuts are expected. Halliburton…
The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) granted Shell Canada the approval to begin its Shelburne Basin Venture Exploration Drilling Project, offshore Nova Scotia. The Stena IceMAX…
Brazil’s National Agency of Petroleum (ANP) held the 13th Bidding Round for exploratory blocks yesterday (7 October) that almost mirrored Mexico’s Round One, in that the ANP was only able to sell 37 out of the 266 blocks offered. Brazil's 13th round…
Spanish yard Dragados Offshore and Norway’s Kvaerner Verdal have won the latest construction contracts on the Johan Sverdrup mega-project. Statoil, operator on the multi-million dollar development, in the Norwegian sector of the North Sea…
Norwegian firms have chalked up yet another subsea first on the country's continental shelf. Just weeks after Statoil brought the Aasgard subsea gas compression project online, on 17 September, Statoil has announced it has now also started…
Sweden's Lundin Petroleum has agreed to sell its Indonesian oil and gas assets to PT Medco Energi Internasional TBK for US$22 million. The Indonesian assets include a non-operated interest in the producing Singa gas field and operated…
The US and five Gulf states have reached a US$20.8 billion civil claims settlement with BP from the 2010 Deepwater Horizon disaster, according to the US Department of Justice (DOJ). Transocean's Deepwater Horizon before the explosion…
The US Department of the Interior announced it will cancel two planned Arctic offshore lease sales under the US government’s current five-year plan for 2012-2017 due to Shell’s failed Arctic campaign and current market conditions, which left…
In 2016, Bruce Clement will step down from his position as managing director and CEO of AWE Ltd., after five and a half years of being in the role. Image of Clement. From AWE. According to AWE…
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