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Company News
New PFC course cuts safety training time and costsFeb 2, 2016Whilst the current industry climate demands cost savings across all business streams, it is crucial that companies do not compromise safety measures or become complacent when it comes to safety in the workplace.
Statoil awards new helicopter contracts for Bergen and FlorøFeb 2, 2016Statoil awards Bristow Norway contracts for personnel transportation from Bergen and Florø starting on 1 May 2017.The awarded contracts will effectively ensure the safety of our transportation services.
Baron Oil completes seismic acquisition programme in Block XXI, PeruFeb 2, 2016The Board of Baron says that the onshore seismic acquisition programme in Block XXI, Peru has been successfully completed by GSS and all the equipment is off hire. The total cost of the seismic programme was US$1.9 million.
Jersey Oil & Gas implements further cost savings and salary reductionsFeb 2, 2016Jersey Oil & Gas has implemented further cost savings and salary reductions that should enable it to continue operating with its existing cash resources into 2017.
Statoil to explore offshore UruguayFeb 2, 2016Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay. This represents a new impact opportunity for Statoil and a new country entry. Block 14 is located in the Pelotas basin of the South Atlantic Ocean, approximately 200 kilometres off the coast of Uruguay. It covers an area of 6,690 square kilometres in water depths of 1,850 to 3,500 metres.
Supportive measures will strengthen industry emergence from downturn, says Oil & Gas UKFeb 1, 2016Welcoming the further measures to boost the UK oil and gas industry announced by the Prime Minister at a meeting with senior industry leaders, Deirdre Michie, Oil & Gas UK's chief executive,
Sterling Energy withdraws from Block C-3, MauritaniaFeb 1, 2016Sterling Energy says that its wholly owned subsidiary Sterling Energy Mauritania Limited has submitted a notice of withdrawal to its joint venture partners in relation to Block C-3, offshore Mauritania.
Lundin Petroleum declares its 2016 budgetFeb 1, 2016Lundin Petroleum declares its 2016 development, appraisal and exploration budget which totals USD 1.08 billion and represents a 26 percent decrease on 2015 capital expenditure.
Zero accidents for another year for Energean Oil & Gas offshore GreeceFeb 1, 2016Energean Oil & Gas achieved the maximum level of safety on the Prinos, Kavala offshore oil platforms, on the drilling rig Energean Force and at the onshore processing plant for a third consecutive year,
ScanTech Offshore’s new Heat Exchangers deliver unrivalled performanceFeb 1, 2016ScanTech Offshore can now provide the well test industry with Heat Exchangers that surpass anything that is currently available. With a 5” large bore, 10,000psig and a 20ft ISO high cube frame,
Holloman Energy to continue exploration of PELs 112, 444 in Cooper BasinFeb 1, 2016Holloman Energy Corporation and its Joint Venture partners plan to continue to explore Petroleum Exploration Licenses (PEL) 112 and 444 in Cooper Basin, South Australia. PEL 112 is in
TransCanada files for ANR Pipeline rate revisionFeb 1, 2016TransCanada Corporation reveals that its ANR Pipeline Company (ANR) submitted a filing with the Federal Energy Regulatory Commission (FERC) under Section 4 of the Natural Gas Act (NGA)
Providence completes initial interpretation of Frontier exploration licenceFeb 1, 2016Providence Resources releases a technical update from the Ruadhan 3D seismic survey. This survey, which was acquired in 2014, covers Frontier Exploration Licence (FEL) 1/14,
Intelsat 29e, the first Intelsat EpicNG Satellite, successfully launched into orbitFeb 1, 2016Intelsat S.A. says that Intelsat 29e, the first of the Intelsat EpicNG high throughput satellites, was launched successfully from French Guiana aboard an Ariane 5 vehicle.
Polymer aerogel technology targets oil and gas pipeline applicationsFeb 1, 2016Collaboration between US company Blueshift, the University of Strathclyde and the Oil & Gas Innovation Centre (OGIC) has helped to accelerate the development of a new aerogel product
Chevron reports fourth quarter loss of $588 million and 2015 earnings of $4.6 billionFeb 1, 2016Chevron Corporation reported a loss of $588 million ($0.31 per share – diluted) for fourth quarter 2015, compared with earnings of $3.5 billion ($1.85 per share – diluted) in the 2014 fourth quarter.
InterOil encounters top reservoir at Antelope-6Feb 1, 2016InterOil Corporation has been advised by Total E&P PNG Limited, operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea, that the Antelope-6 appraisal
Saipem awarded new E&C onshore contracts worth approximately €360 millionFeb 1, 2016Saipem has been awarded new E&C onshore contracts for a total amount of approximately €360million. Among the most significant awards was a contract with Ital Gas Storage
ScanTech Offshore’s safety bails improve safety in semi-submersibles and drill shipsFeb 1, 2016ScanTech Offshore can now provide the well test industry with Safety Bails, an innovative ‘controlled failure’ system that improves the safety of semi-submersibles and drill ships to comply with
Lundin commences drilling of Maligan exploration offshore MalaysiaFeb 1, 2016Lundin Petroleum’s wholly owned subsidiary Lundin Malaysia BV has commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.
Petrofac contract for Heerema Fabrication GroupFeb 1, 2016Heerema Fabrication Group (HFG) has been awarded a contract from Petrofac for the Procurement & Construction of the jacket and piles for BorWin3. Petrofac, in a consortium with Siemens, has the full responsibility for the construction and offshore installation of the BorWin3 platform of TenneT, which will house a Siemens HVDC station that converts the alternating current produced by the wind turbines to direct current before transmitting it onshore to the German national grid.
New approach to pipeline repair reduces costs in IndonesiaJan 29, 2016IRM Systems, the independent authority on emergency pipeline repairs, revealed that as a result of a new and innovative approach to pipeline repair, it contributed to achieving dramatic cost-savings
Petrofac and GE support Galloper offshore wind farm to bring clean energy to UKJan 29, 2016Petrofac and GE signed a contract worth over £110 Million to engineer, construct and install a turnkey power system to efficiently connect up to 336 megawatts of clean energy from the Galloper
Acorn Energy makes management changeJan 29, 2016Acorn Energy, Inc. says that its Board of Directors has appointed Jan Loeb the Chief Executive Officer of Acorn Energy. Mr. Loeb, who has served as a director of the Company since
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