Oceaneering International appointed Clyde Hewlett the company's new chief operating officer. In this capacity he will have expanded responsibility for managing all of Oceaneering’s oilfield business…
Image: Ecopetrol The board of directors of Ecopetrol, in its meeting held on 14 August, 2015, authorized the creation of a Colombian company indirectly wholly-owned by Ecopetrol…
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…
Image: North Sea license PL410/Hibiscus Petroleum Hibiscus Petroleum Berhad has announced that its jointly-controlled entity, Lime Petroleum Norway has executed an agreement…
Image: Zhuhai skidway and assembly yard/Fluor Fluor Corp. and Offshore Oil Engineering Co. (COOEC) have formed a new joint venture, COOEC Fluor Heavy Industries Co., Ltd. (CFHI)…
The PSA has completed its investigation into two incidents which occurred on the Eldfisk complex on 6-8 August 2014. Several breaches of the regulations have been identified. Image from ConocoPhillips…
North Sea Helicopter Pilots have indicated strong support for strike action if helicopter companies do not make serious improvements in the way they deal with job losses. They have also highlighted the serious impact on safety the threat of redundancy is having…
Electromagnetic Geoservices (EMGS) announced a cost reduction program that will generate cuts in its fleet, workforce, and capital expenditures, which the company is blaming on challenging market conditions. The EM Leader…
Transocean was awarded approximately US$35 million for two different contract extensions that are about 11,000mi from each other. The Transocean Barents. From Transocean. US…
Weak demand for services in the oil sector is helping operator Premier Oil to reduce costs on its Vette and Sea Lion projects, the firm said this morning. While the now expected prolonged low oil prices could put pressure on future projects…
Italy's Eni is close to starting producing from Norway's first Arctic oil development, reports Reuters. Production from the Goliat field, estimated to hold about 178 MMboe, was originally expected to start in 4Q 2013, but the project has been beset with delays and cost overruns…
Phases 15 & 16 of the massive offshore South Pars gas field are close to starting production, according to the project's manager. Reza Forouzesh said the phases are expected to come online by mid-October. Production from Phases 15 & 16 of the offshore South Pars…
UK supermajor Shell awarded OneSubsea a contract to supply subsea services for the Stones ultra deepwater development project in the Gulf of Mexico. An artist's impression of the Stones FPSO. From SBM Offshore…
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…
Primeline Energy has entered into a turnkey drilling contract with China Oilfield Service Ltd. (COSL) for its 2015 exploration program of two wells in Block 33/07 in the East China Sea. Under the terms of the drilling contract, COSL has…
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