Israel's Delek Group is close to clinching Chevron's oil and gas fields in the British North Sea, which have a price tag of around $2 billion, sources familiar with the matter told Reuters.Delek, via its North Sea oil and gas operator Ithaca Energy…
Wood is using a global yet regional approach to complete offshore projects around the world.Kent McAllister, Wood’s president for capital projects upstream & midstream, called Equinor’s Peregrino 2 project a good example of that kind of global yet regional approach…
BP announced Monday that a newly retrofitted vessel has been launched to be used for acid stimulation activities in 17 selected wells in its operated Azer-Chirag-Gunashli (ACG) offshore field, marking a first-of-its-kind project for the region…
U.S. supermajor Chevron announced that its operated Big Foot deepwater project in the U.S. Gulf of Mexico has started crude oil and natural gas production.The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5…
Tullow Oil forecast its net debt would drop to $2.8 billion by the end of the year and slightly raised its full-year free cash flow to $700 million, helped by trimming its capital expenditure.The company had previously said it might reach free cash flow of about $650 million…
Abu Dhabi-based offshore oil and gas Industries service provider Zakher Marine International (ZMI) announced the conclusion of a first-of-its-kind financing in the shipping industry worth $125 million.It is the first China Export and Credit Insurance Corporation…
Singapore-based Ultra Deep Solutions has signed a letter of intent to build a SALT 310 well intervention vessel at China Merchants Heavy Industry (CMHI) yard in Shenzhen. Ultra Deep Solutions says the vessel will be capable of well intervention…
Sky-Futures has been awarded a three-year contract to inspect Eni facilities globally. This global contract is the first of its kind between a drone-based technology business and an international oil and gas company and represents a significant shift in the oil and gas market…
Unmanned aerial vehicle (UAV) inspection and survey firm Cyberhawk Innovations has won a three-year framework with Dubai Petroleum for UAV inspections across all of its offshore assets. The agreement, which has the option to renew on a yearly basis for two years…
Total E&P Services awarded Emerson a 10-year contract to provide control and safety system maintenance services that will support Total’s global upstream oil and gas operations. The 10-year frame agreement is part of Total’s Integrated Control and Safety Systems standardization strategy…
Assessing the condition of pipelines, especially as they get older, is an increasing task. John Sheehan surveys potential solutions. Tracerco’s Discovery tool. Image from Tracerco. The…
Morgan Advanced Materials, a materials engineering company, has added Hafnium Oxide (HfO) to its portfolio of advanced materials for the oil and gas sector as it aims to expand its market offering in line with evolving market demands. The material…
Work has started on a UK offshore wind farm which will be the first to use 66kV cables and the first in the UK to use gravity based foundations. Onshore construction work has started on the project, EDF Energy Renewables' Blyth wind farm…
Total's Laggan-Tormore subsea to shore development west of Shetland has now ramped up to full production at 90,000 boe/d. The French oil giant held an official inauguration ceremony at the Shetland Gas Plant, built to receive the production…
Bell Geospace’s Houston team is being expanded in response to increased activity in their specialist services. As well as a number of in-house support staff, Richard Alan Morgan has joined the company as senior geoscientist. Morgan has…
