Wintershall Norge has made a small oil discovery on the Imsa prospect in wildcat well 6406/2-8 in production license 589 in the Norwegian Sea, 190km northwest of Kristiansund. Image from Wintershall…
UK-based distributed acoustic sensing technology firm OptaSense has partnered with Weatherford International to form a strategic alliance to deliver integrated optical sensing solutions designed to optimize well planning, construction and production across the asset lifecycle…
Statoil spudded the Bister exploration well 6407/8-7 in the Norwegian Sea, says Aberdeen-based exploration firm Faroe Petroleum. Map from Faroe. The Bister prospect is in production license 348/C…
The latest EIC Monitor report once again shows a significant decline in the levels of contracting activity across the global upstream sector in Q1 2015. Despite the overall number of contracts being awarded dropping, the value of some is substantial…
Keynvor MorLift (KML) added a second Saab Seaeye Cougar XT to their ROV fleet. Cougar XT ROV with detachable tooling skid. From KML. This new addition comes fully containerized and can be easily transported…
Baker Hughes Inc. issued its international rig count that showed 1251 rigs operating worldwide in March 2015 outside of the US and Canada. Unsurprisingly, global rig counts have dropped significantly due to an approximate 50% drop in crude oil prices since 2014…
An overboard incident on the Scarabeo 8 semisubmersible drilling unit offshore unit was caused by missing grating on the blowout preventer (BOP) carrier platform grating, a report by Norway's Petroleum Safety Authority (PSA) says. The…
Aquamarine Power has appointed Dr Paddy O'Kane as the company's CEO, replacing interim CEO John Malcolm who has stepped down after six months in the role. O'Kane has been Aquamarine Power's chief technical officer since 2010. Prior to…
Hungarian exploration outfit MOL Group has made its first step into the Norwegian offshore sector, purchasing the Norwegian assets of UK-based North Sea exploration and production firm Ithaca Energy. Ithaca will sell its Norwegian assets…
BP agreed to sell its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partners for US$486million. BP is currently the operator of CATS. The sale of CATS will be as a fully operational business…
Strong performance in its subsea business has helped Technip offset “unsatisfactory” onshore and offshore revenues despite industry headwinds, the firm’s CEO Thierry Pilenko announced today. But, the chairman of France’s Technip, which recently launched a new subsea joint venture…
North Sea exploration minnow Trap Oil has warned that, without urgent additional funding, it is likely to become insolvent. The firm, which has reduced its overheads from £5.1 million 2 years ago to £1.3 million/yr posted a pre-loss of £44…
TGS signed an agreement with Thalassa Holdings/WGP to acquire P-Cable 3D seismic data in the Norwegian Barents Sea. The activity is expected to last for 90 days and will commence in April 2015. Also in the Barents Sea this week, several…
The sudden drop in oil prices is different from cycles in the recent past, said Rex Tillerson, chairman and chief executive of ExxonMobil, during his Tuesday morning keynote speech and discussion at the recently held CERAWeek. This event has been created due to oversupply…
CGG's GeoConsulting business has acquired Calgary-based Taurus Reservoir Solutions. Taurus offers reservoir and geomechanical simulation and engineering technology along with consulting services to the global petroleum industry, from…
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