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…
There is a big risk circling mature production installations where hardware that was once state of the art now poses a problem for managers on late-life assets. That risk is obsolescence. John Bradbury reports. BP’s Shah Deniz facility…
Image: Culzean platform/Heerema Fabrication Group Maersk Oil North Sea UK has awarded Heerema Fabrication Group (HFG) a second contract for structures on its ultra-high-pressure, high-temperature (uHPHT) Culzean development in the North Sea…
Faroe Petroleum has agreed to buy UK explorer Roc Oil GB, including its 12.5006% stake in the North Sea Blane field and a 12% interest in the Enoch field, also in the North Sea for up to US$20 million. Roc Oil GB is a subsidiary of Roc Oil Company…
BP and Emerson have signed a global agreement for Emerson Process Management to provide automation technologies and aftercare services for BP’s upstream oil and gas operations. The new 10-year agreement extends the existing arrangement between the companies…
UK authorities have given the green light to one of the largest new field discoveries in the UK North Sea – Maersk Oil’s £3 billion (US$ 4.5 billion) Culzean development. The project has been welcomed as a “clear signal the North Sea…
Image: Heydar Aliyev/Maersk Drilling Maersk Drilling has been awarded a five-year contract extension for the semisubmersible Heydar Aliyev rig with BP Exploration (Shah Deniz) acting as operator of the Shah Deniz field…
Brazil’s National Petroleum, Natural Gas, and Biofuels agency (ANP) has announced the first 12 companies pre-approved for the country’s upcoming 13th bid round to be held on 7 October. The pre-approvals went to familiar companies such as supermajor Shell and France’s GDF Suez…
TGS has been given the green light by Mexico's Comisión Nacional de Hidrocarburos (CNH) to start acquiring multibeam, coring and geochemical analysis data over about 600,000sq km in Mexican waters. This project will cover the entire deepwater area of the offshore sector of Mexico…
Statoil’s Johan Sverdrup has received the official green light for phase one of its plan for development and operation (PDO) by the Norwegian Ministry of Petroleum and Energy. Johan Sverdrup field center…
Falklands and Mediterranean-focused explorer Rockhopper Exploration has taken a step forward in its plans to develop an offshore Italy oil field. The firm's Ombrina Mare field environmental impact assessment has been approved by Italy's…
The US Bureau of Ocean Energy Management (BOEM) announced that its Western Gulf of Mexico (GoM) lease sale 246 held today (19 August) attracted US$22.7 million in bids. The BOEM and industry advocates say the sale reflects current market conditions…
Statoil’s largest steel jacket in its history is on its two-week, 1835 nm journey to the North Sea after setting sail from the Spanish Dragados yard on 10 August. Mariner steel jacket sails away…
Norwegian oil firm Statoil has marked a milestone on its giant Johan Sverdrup development offshore Norway - the installation of the project's 280-tonne pre-drilling template. Heerema Marine Contractors’ crane vessel Thialf completed the installation of the 32m-long…
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