New report highlights oil & gas industry split over cost management strategies for tackling downturn
Feb 3, 2015
In the face of falling oil prices, confidence in the outlook for the oil & gas industry has dropped dramatically among sector professionals from 65% to 28% in the last three months, according to new research published today by DNV GL. The pessimistic outlook is also reflected in capital expenditure (CAPEX) intentions, with those planning to increase CAPEX in the same time period dropping from 40% to 12% and

Europe’s first topsides conference and exhibition to launch In Aberdeen
Feb 3, 2015
Europe’s first and only oil and gas event focussing solely on topsides installations is set to take place at the Aberdeen Exhibition and Conference Centre (AECC) on 16th and 17th March 2016. Topsides UK will tackle some of the challenges facing the industry by shining a spotlight on the supply chain community to present opportunities for unlocking value from ageing topsides infrastructure in the North Sea.

Dana Gas achieves significant milestones in successful execution of growth plans in Egypt
Feb 2, 2015
Dana Gas announces a number of major milestones in the successful fulfillment of its growth strategy in Egypt. Most recently, the signing of Blocks 1 and 3 Concession Agreements in the Nile Delta provides Dana Gas with additional highly material growth opportunities in the country. This supplements a number of positive developments including the recent signing of the landmark Gas Production Enhancement

DNV GL wins contract with Wintershall for Maria development
Jan 30, 2015
DNV GL has been selected by Wintershall Norge AS as the sole supplier for the combined role of Independent Verification Body (IVB) and Third Party Design Verification scope for the subsea, umbilicals, risers and flowlines (SURF) part of the Maria field development project.

Chevron to work with BP; ConocoPhillips in GOM Leases
Jan 29, 2015
Chevron Corporation’s subsidiary, Chevron U.S.A. Inc., will work with BP Exploration and Production Inc. (BP) and ConocoPhillips Company (ConocoPhillips) to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Chevron will be the operator.

New release of DNV GL's Maros software models full supply chain for process industry
Jan 28, 2015
In the oil and gas process industries, accurate simulation and assessment of logistics operations are essential to improve efficiency. With the latest release of DNV GL’s Maros software for reliability, availability and maintainability, a new and more powerful simulation engine can model the full supply chain in a RAM study.

LUKOIL Rejects Ukraine Accusations
Jan 27, 2015
At the World Economic Forum in Davos LUKOIL President Vagit Alekperov said in a statement that the company repels the accusations expressed ...

InterMoor completes Juniper mooring and foundation installation contract
Jan 27, 2015
InterMoor, an Acteon company, has successfully completed a mooring and foundation installation campaign for bpTT’s Juniper gas project offshore Trinidad and Tobago. This is the largest foundation installation campaign offshore Trinidad and Tobago to date.

Eni makes a new oil and gas discovery in the Western Desert of Egypt
Jan 26, 2015
Eni has made a new discovery of oil and gas in the West Melehia deep exploration prospect, located in the Melehia licence, in the Western Desert of Egypt, 300 square kilometers west of Alexandria.The exploration well, which allowed the discovery of Melehia West Deep 1X, was drilled to a depth of 4,175 meters,

Marlink VSAT Services chosen for complete Van Oord fleet
Jan 23, 2015
Marlink has been selected to provide high-end VSAT (Very Small Aperture Terminal) services for the fleet of the international dredging and offshore contractor Van Oord. The contract is expected to include 30 vessels being supported by Marlink’s customized VSAT services by the end of 2015.

Chevron and SK LNG Trading sign Gorgon LNG supply agreement
Jan 22, 2015
Chevron Corporation’s Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA, SK LNG Trading, which is part of a industrial conglomerate in South Korea, will receive 4.15 million tons of LNG over a five-year period starting in 2017.

New, major opportunities for Northern Norway
Jan 21, 2015
The Ministry of Petroleum and Energy is today announcing the 23rd licensing round. The round consists of 57 blocks, or parts of blocks. These are distributed with 34 blocks in the south-eastern Barents Sea (the formerly disputed area towards Russia), 20 blocks in other parts of the Barents Sea and three blocks in the Norwegian Sea. The government aims to award new production licences in the first half of 2016.

Johan Sverdrup Jacket Contract Award
Jan 20, 2015
On behalf of the Johan Sverdrup licence partners, Statoil is today awarding a contract to Kværner Verdal for delivery of the riser platform jacket for the Johan Sverdrup field.

Lundin Petroleum produces first oil from the Boyla Field, offshore Norway
Jan 20, 2015
Lundin Petroleum announces that first oil from the Bøyla field has been achieved. The Bøyla field commenced production on 19 January 2015. The Bøyla field, located on PL340 in the Norwegian sector of the North Sea, is a subsea tie-back to the Alvheim field where Lundin Petroleum has a 15 percent non-operated interest.

Reflections from breakthrough marine energy trials
Jan 19, 2015
The renewable energy industry was excited late last year when marine energy technology company Minesto announced that it had successfully managed to produce electricity from low velocity currents off Northern Ireland, the first in the marine energy era. The marine power plant Deep Green has now been producing electricity for more than a year, and Minesto’s founder and CEO

Clean Marine EGCS for Dorian LPG gas carrier successfully installed and approved
Jan 16, 2015
The ECO VLGC Corvette, delivered from Hyundai Heavy Industries on 2 January, 2015, is fitted with a Class and Flag State approved exhaust gas cleaning system (EGCS) provided by Clean Marine.The measurements of exhaust gas emission and washwater criteria are well below the required limits stated in the MEPC

Gas deliveries stable in 2014
Jan 15, 2015
A total of 101 billion standard cubic metres (scm) of gas was transported in 2014 within Gassco’s operatorship from the Norwegian continental shelf (NCS) to terminals in Germany, Belgium, France and the UK.“Norwegian gas makes a substantial contribution to energy supply in major European countries, and these exports remain at a high and stable level characterised by very good regularity,” comments Brian Bjordal, chief executive of Gassco.

Reflections from breakthrough marine energy trials
Jan 14, 2015
The renewable energy industry was excited late last year when marine energy technology company Minesto had successfully managed to produce electricity from low velocity currents off Northern Ireland, the first in the marine energy era. The marine power plant Deep Green has now been producing electricity for more than a year,

Expro secures usd$200 million contract with Statoil
Jan 13, 2015
Expro has secured a significant Europe CIS (Commonwealth of Independent States) contract, providing fully integrated well testing and fluid sampling services for Statoil Petroleum AS in the Norwegian Continental Shelf (NCS). Starting on 1st January 2015, the initial 4-year contract is valued at $200 million with options to extend for a further 6 years.

Statoil to extend lifetime of Norne field to 2030
Jan 12, 2015
Initially scheduled to be shut down during 2014, the ambition is now to extend the life of the Norne field to 2030. The Norne field came on stream on 6 November 1997, and the initial development plans called for the field to be shut down during 2014. But the Norne adventure is far from over.

Claxton becomes number one supplier with 5000th conductor centralizer installation
Jan 9, 2015
Claxton, an Acteon company, has installed more than 5000 conductor guide centralizers, making the company the market leader for conductor centralizer installation in the North Sea. Conductor centralizers form the interface between the platform jacket and well conductor, assuring vital conductor integrity. Having supplied a range of conductor and structural centralizers to major operators since 1992, Claxton has become the

Chevron strikes oil at Anchor Prospect in deepwater Gulf of Mexico
Jan 8, 2015
Chevron Corporation has made a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron's second discovery in the deepwater Gulf in less than a year. 'The Anchor discovery, along with the previously announced Guadalupe discovery, are significant finds for us in the deepwater Gulf of Mexico.

Petrobras completes drilling at Pudim well in Espirito Santo Basin
Jan 7, 2015
Petrobras has completed drilling extension well 3-BRSA-1253D-ESS / 3-ESS-219D (Petrobras nomenclature), informally known as Pudim, at a water depth of 6,187 feet (1,886 meters), in the Espirito Santo Basin post-salt offshore Brazil. The completion of this well, which had been announced to the market on Oct. 7, confirmed the presence of excellent quality oil

Patterson-UTI Energy provides drilling update for December 2014
Jan 6, 2015
Patterson-UTI Energy reported that for the month of December 2014, the Company had an average of 208 drilling rigs operating in the United States and eight rigs in Canada. For the three months ended December 31, 2014, the Company had an average of 210 drilling rigs operating in the United States and nine rigs in Canada.