CNOOC Limited (SEHK: 00883, NYSE: CEO) and Nexen Inc. (TSX: NXY, NYSE: NXY) announced today that they have entered into a definitive agreement under which CNOOC Limited will acquire all of the outstanding common shares of Nexen for $27.50 per share in cash…
The Gulf Economic Survival Team today commented on the House Natural Resources Committee’s mark-up of H.R. 6082, a bill that seeks to replace the President’s “Five-Year Plan” for Outer Continental Shelf (OCS) oil and gas leasing.“We applaud…
GL Noble Denton, the independent technical advisor to the oil and gas industry, has appointed industry veteran Arthur Stoddart to lead its operations in the Americas.Stoddart will become Executive Vice President for the region, based in Houston…
Offshore drilling activity on the UK Continental Shelf (UKCS) rose 64% during the second quarter of 2012 compared to the same period last year, according to the latest industry figures released by Deloitte.The report, which documents drilling…
Energy Research Centre of the Netherlands (ENC) offers a 'Travel Guide' to help policy makers formulate clean energy strategiesThe summary provides some key lessons and recommendations for policy making amidst the uncertainties and hectics that come with the energy transition…
Pipeline engineering company, STATS Group, has appointed Angus Bowie as Regional Director for the Middle East North Africa (MENA) in a move which heralds a major expansion in the region.Mr Bowie was previously Technical Director and has…
Kvaerner has announced the signing of an agreement to sell its on-going downstream focused operations and related assets of the entity known as EPC Center Houston to IHI E&C International Corp, a US subsidiary of the Japanese company IHI Corporation (IHI)…
While much attention justifiably has been paid to the expansion of offshore energy operations in the Arctic, according to a Reuters report one of the pioneers, Shell, has hit a few snags in its long-anticipated exploration drilling in the Chukchi and Beaufort Seas…
UTEC has reinforced its presence in Scotland with the opening of new regional headquarters in Aberdeen.The purpose fitted building comprises over 3000 sq. ft. of modular office accommodation and 4000 sq. ft. of workshop/warehouse space,…
Mechanical engineering specialist, EnerMech, is to open its first office in India as a first step in developing a presence in the country’s fast expanding oil and gas sector.The Mumbai office, headed up by newly appointed Country Manager Steve Watson…
Statoil preparing to halt production after notice of lockout. Statoil is preparing to shut down production on the Norwegian continental shelf (NCS) following a notice of lockout. The Norwegian Oil Industry Association (OLF) announced today…
Fairmount Marine’s tug Fairmount Sherpa has delivered drillship Peregrine 1 safely in Singapore. The Peregrine 1 was towed to from Salvador in Brazil to Singapore.For this job the Fairmount Sherpa was mobilized from Rio de Janeiro where the tug had delivered rig ODN TAY IV…
Marit Arnstad has announced that she will resign from her position as deputy chair and member of the board of directors in Statoil ASA (OSE: STL, NYSE: STO) effective immediately. The nomination committee in Statoil will start its search for a new board member…
This month saw the 50th Marine Measurement Forum (MMF) take place at Portsmouth Historic Dockyard on Tuesday 12th June where Sonardyne International Ltd’s Engineering Director, Simon Partridge, was invited to present. Held within the prestigious…
Director Watson Visits Arctic Drilling Rigs for First-Hand Look at Safety Equipment, Meets with Alaska Native Community Leaders, Shell Officials; Today holding media conference call to discuss visit and BSEE inspection and oversight activities…
