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…
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…
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…
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…
Talisman's new Montrose bridge linked platform (BLP) topsides has sailed out from the Heerema Fabrication Group's Zwijndrecht yard, 12mi south of Rotterdam. The 10,500-tonne, 75m-long, 40m-high, topsides will make a short stop off at Schiedam…
While it offers a theoretically coherent concept, subsea processing can seem fragmented. Elaine Maslin spoke to Intecsea about how the company views the broader picture. Statoil’s Åsgard project…
Bristow Helicopters gave the passengers on its last scheduled flight to and from CNR International's Murchison platform in the North Sea a special fly-past viewing to mark the occasion. These pictures, by Bristow pilot Captain Jonathan Binnie…
The Petroleum Safety Authority Norway has given Statoil consent to use the Stena Don mobile drilling facility for drilling and completion of wells 35/11-B-22 and B-13 in the Fram field in the North Sea. Fram is an oil field in the northern North Sea around 20km north of Troll…
The wellhead jacket and the access deck have set sail from the Netherlands and are headed for Maersk Oil’s ultra high pressure, high temperature Culzean development in the UK North Sea. Heerema Fabrication Group (HFG) announced the completion of both projects…
Supermajor Chevron has cut 655 upstream jobs from its Houston workforce, adding to the list of oil and gas companies that have been hit by the low oil prices. John Watson, from Chevron. “In light of the current market environment…
The Republic of Cyprus announced its third Licensing Round for offshore exploration consisting of three blocks. The areas up for grabs include Blocks 6, 8 and 10, lolcated in the Mediterranean Sea. The application deadline is 22 July…
Oil company cuts could be going too far, leading to another period of high cost inflation as the oil price returns and capacity is found to be lacking, a Norwegian industry analyst has warned. Speaking ahead of the Subsea Valley conference…
Noble Energy says a new ruling by Israel's Supreme Court could further delay the Leviathan offshore mega-project in the Levantine Basin in the Mediterranean Sea. The Houston-based explorer said that the court affirmed Israel's natural gas regulatory framework…
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