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…
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…
Mexican state owned company Pemex this morning announced it had evacuated the Sihil-A platform in the Bay of Campache, offshore Mexico, in the latest of a string of incidents offshore Mexico this year. The firm said the measure was taken…
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 this video, Norwegian giant Statoil shows the installation of its largest-ever built jacket for one of its project, the Mariner project. The steel jacket for Statoil’s Mariner platform on the UK Continental Shelf has now been placed on the field…
Brazil’s National Petroleum, Natural Gas, and Biofuels agency (ANP) has approved registrations for a total of 37 companies for the country’s 13th bid round, of which 22 are from outside of Brazil. Image from ANP's Facebook…
Low oil prices, falling investment and the need to transform the UK exploration and production sector were high on the agenda at SPE Offshore Europe. Elaine Maslin reflects. A packed plenary session during SPE Offshore Europe 2015…
Primeline Energy Holdings announced that its drilling contractor China Oilfield Service (COSL) started the mobilization of the rig for the drilling operation of LS23-1-1 well, in the East China Sea. Following the signing of the drilling…
Japan's MODEC has made its first entry into the North Sea thanks to a contract with Denmark's Maersk Oil. Maersk Oil's UK North Sea business has inked a contract with MODEC for the supply of a floating storage and offloading (FSO) vessel for the US$4…
Sweden’s ABB has won a US$90 million contract to supply a two-cable high-voltage system to power, from shore, for Statoil’s Johan Sverdrup field. The move paves the way for the entire Johan Sverdrup field to be powered from shore, as well as other fields on Norway’s Utsira High…
Statoil and the Johan Sverdrup partnership awarded Kværner Verdal a contract for the delivery of the steel jacket for the drilling platform, marking the execution of the letter of intent singed by the two companies for the delivery of the two jackets…
Statoil’s largest ever steel jacket has been laid to rest on the sea bed 150km east of the Shetland Isles, marking a major milestone in the Mariner heavy oil field development. The 22,400-tonne mariner jacket, which stands some 134m high…
Brazil’s National Petroleum, Natural Gas, and Biofuels agency (ANP) expanded on its approval of the country’s 13th bid round, with the announcement of more than 22 of 39 applications from international oil and gas companies. Magda Chambriard…
Malaysia-based Bumi Armada Berhad saw a 22% decline in its revenue in 2Q 2015, but an increase in its EBITDA. Image from Bumi. The offshore oilfield service provider's revenue decreased by 22% to US$109 million (459…
Expro has been awarded two contracts together worth US$25 million in the North Sea. In one contract, Wintershall has awarded Expro a five-year contract for work on its recently approved Maria development project, in the Haltenbanken area…
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