Lankhorst mooring lines for Libra FPSODec 11, 2015Offshore rope manufacturer, Lankhorst Euronete Brasil (LEB), has been awarded a contract by OOGTK Libra GmbH & Co KG to supply the Polyester Mooring Ropes for a Floating Production, Storage and Offloadin
Subsea training centre prepares for april diving regulation deadlineDec 11, 2015Subsea training facility, The Underwater Centre, is preparing for changes to the prerequisite requirements for experienced commercial air divers which will come in to play in April 2016.
VPower awarded two new gas-based distributed power projects in MyanmarDec 11, 2015VPower Group has signed two power generation contract arrangements with Myanmar's state electricity enterprise, for the Economic Zone of Kyauk Phyu and key industrial city Myingyan, both for over the
MB Air Systems invests in new offshore winch technologyDec 11, 2015MB Air Systems is preparing to take delivery of some of the most sophisticated winches in the world after investing in more than $500,000 (USD) of new equipment for the North Sea market.
Chevron declares $26.6 billion capital and exploratory budget for 2016Dec 11, 2015Chevron Corporation announced a $26.6 billion capital and exploratory investment program for 2016. Included in the 2016 program are $4.5 billion of planned expenditures by affiliates. The 2016 budget is
Teekay Corporation makes changes to its Board of DirectorsDec 11, 2015Teekay Corporation says that Mr. Alan Semple and Mr. Bill Utt have each accepted an invitation to join Teekay's Board of Directors, effective immediately. Mr. Semple and Mr. Utt will replace Mr. William B Berry
Baytex announces 2016 budget and amendments to bank credit facilitiesDec 11, 2015Baytex Energy Corp. says that its Board of Directors has approved a 2016 capital budget of $325 to $400 million, which is designed to generate average annual production of 74,000 to 78,000 boe/d.
Gibsons declares 2016 growth capital expenditure budget of $200 Million to $300 MillionDec 11, 2015Gibson Energy Inc. says that its Board of Directors has approved a 2016 growth capital expenditure budget ranging between $200 million and $300 million. Additionally, the Board of Directors approved $50 million
Holloman, partners finds no hydrocarbons at Baikal #1 well in Cooper BasinDec 11, 2015Holloman Energy Corp. says that the drilling of the Baikal #1 well in Petroleum Exploration License (PEL) 444 in South Australia's Cooper Basin went smoothly without any incidents, environmental issues or significant delays.
Buru Energy continues drilling Ungani Far West 1 wellDec 11, 2015Buru Energy Limited provides the following weekly update on drilling operations at the Ungani Far West 1 well as at 06:00hrs, 10 December 2015.
KPMG: Full effects of OPEC decision felt, as Brent Crude oil price hovers at US$40 a barrelDec 11, 2015Commenting on the Brent Crude oil price dipping below US$40 a barrel, George Johnson, executive advisor in KPMG's oil and gas practice says:
Xodus wins over £5 million of vibration contractsDec 11, 2015Xodus Group has won a clutch of international vibration contracts bringing the total value for this year to £5 million. Managed through its vibration specialists in the UK and the UAE, the projects
Parsley Energy to acquire certain properties in Midland BasinDec 11, 2015Parsley Energy, Inc. has entered into an agreement to acquire certain undeveloped acreage and producing oil and gas properties located adjacent to the Company's existing operating areas in Upton,
Wood Group issues pre-close trading update for the year to 31 December 2015Dec 11, 2015John Wood Group PLC, issues the following pre-close trading update for the year to 31 December 2015. Full year results will be announced on 23 February 2016.
Wintershall makes minor oil discovery near the Vega Sør fieldDec 11, 2015Wintershall Norge AS, operator of production licence 248, is in the process of completing the drilling of wildcat well 35/11-18 and appraisal well 35/11-18 A. The wells have been drilled approx. four kilometres west of the Vega Sør field. The primary exploration target for well 35/11-18 was to prove petroleum in Middle Jurassic reservoir rocks (the Brent group). The secondary exploration target was to prove petroleum in Upper Jurassic reservoir rocks (sandstones in the Heather formation).
Ophir Energy signs HoA for sale of gas and Capex reductions for Fortuna FLNGDec 10, 2015Ophir Energy has signed Heads of Agreements ('HoAs') for LNG offtake from the Fortuna FLNG project with six counterparties, all of whom are established LNG buyers in European and Asian markets.
Kosmos Energy makes new Board appointmentDec 10, 2015Kosmos Energy has appointed Yves-Louis Darricarrère to its Board of Directors effective immediately. Mr. Darricarrère retired earlier this year from Total S.A. after a distinguished thirty-seven year
Freeport-McMoRan declares further reduction in capital spendingDec 10, 2015Freeport-McMoRan Inc. announced additional actions in response to market conditions, including further revisions to its oil and gas capital spending plans, additional curtailments in copper and molybdenum production
Velocys appoints Non-Executive DirectorDec 10, 2015Velocys plc has appointed Ross Allonby as a Non-executive Director with immediate effect. Ross Allonby has also been appointed as a member of the Audit Committee, Remuneration Committee and
Jacobs receives contract from Abu Dhabi Oil Refining Company (Takreer)Dec 10, 2015Jacobs Engineering Group Inc. received a contract from Abu Dhabi Oil Refining Company (Takreer) for front end engineering and design (FEED) services for the Waste Heat Recovery Project at the general
Climeon’s groundbreaking heat-power solution wins award for marine energy savingsDec 10, 2015Climeon AB has been awarded "Technology Innovation Award" by the multinational consulting and analytical firm Frost & Sullivan for its groundbreaking heat power solution. Frost and Sullivan rates
Genesis Energy upgrades O&G rReserves at Kupe fieldDec 10, 2015Genesis Energy Ltd. has upgraded its developed reserves in the Kupe gas and oil field, situated off the south Taranaki coast, New Zealand.
MEO gets NOPTA approval to vary WA-488-P work programDec 10, 2015MEO Australia Limited has been notified by the National Offshore Petroleum Titles Administrator (NOPTA) of the approval of its application to vary the Western Australian offshore exploration permit
Jersey Oil & Gas provides corporate updateDec 10, 2015Jersey Oil & Gas, an independent upstream oil and gas company ?focused on the UK Continental Shelf region of the North Sea, is pleased to provide a corporate update.
