Saipem and its consortium partners Bos Shelf and Star Gulf have been awarded call-off 007 under the Shah Deniz Stage 2 Master Agreement by BP, on behalf of the Shah Deniz partnership. The total value of the contract is approximately $1…
Rystad Energy’s new report claims that there is hope in the oilfield service industry despite the current downturn, with an expected US$30 billion growth to be seen in the next two years. Closed and abandoned service markets as well as…
Global upstream capital spending from 2015 out to 2020 has been reduced by 22% or US$740 billion, however, when cuts to conventional exploration investment are included, the figure increases to just over $1 trillion, Wood Mackenzie said. Image…
Helix Energy Solutions completed its contract renegotiations with Petróleo Brasileiro (Petrobras) and has entered into amendments to its well intervention services contracts for its two chartered vessels, the Siem Helix 1 and the Siem Helix 2…
Italian firm F.lli Righini has been awarded a new contract by BP for four umbilical handling and lay packages in the Caspian region. The contract, awarded by BP's Shah Deniz business unit, is for the Shah Deniz Phase 2 project in the Caspian Sea…
Last year was a challenging year for the floating production systems (FPS) market. The low oil price threatened the commerciality of numerous projects, delay announcements for FPS units under construction arrived regularly and overall only four orders were placed…
BP’s compiled data from last year has revealed that global energy consumption has slowed further, with the mix of energy sources shifting towards lower-carbon fuels. Image from BP. In…
ConocoPhillips is working to plug and abandon 130 wells in the southern North Sea, reducing the number of days it takes as it works through the program. But, it wants to improve further, Elaine Maslin reports. The GMS Endurance jackup…
Fourteen new licensing options have been granted to 11 companies in Ireland’s second phase of the 2015 Atlantic Margin Licensing Round, which has received the largest response in Ireland’s offshore history. Of the 11 companies…
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…
Wood Group has won a new five-year contract with BP-operated projects, valued at US$500 million, to deliver services to eight facilities, offshore Azerbaijan. Effective immediately, Wood Group PSN (WGPSN) will provide engineering, procurement…
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…
Subscribe
