Latest News

Wood wins FEED contract for LNG field in Gulf of Mexico

Wood has secured a front-end engineering design (FEED) contract to develop Honghua Group's liquefied natural gas (LNG) platform in the West Delta area of the Gulf of...

Wood wins FEED contract for LNG field in Gulf of Mexico

Archer and Reservoir Link alliance secures new contract from ROC Oil

Archer and Reservoir Link alliance secures new contract from ROC Oil

Tulip Oil raises €87m to develop Dutch offshore field

Tulip Oil Netherlands Offshore has raised nearly €87m through a five-year senior secured bond, which is priced at a Euribor rate of €3m, plus 8.5%....

Tulip Oil raises €87m to develop Dutch offshore field

US-Iran tension and doubts over Iraq supplies stabilise oil prices

US-Iran tension and doubts over Iraq supplies stabilise oil prices

Spectrum begins 2D multi-client seismic survey offshore Brazil

Spectrum has started a 6,000km multi-client 2D seismic survey that includes the Ceara Basin located within the offshore equatorial margins of Northern Brazil....

Spectrum begins 2D multi-client seismic survey offshore Brazil

Oil prices increase on concerns of new sanctions on Iran and Iraq conflict

Oil prices have increased over concerns of new US sanctions against Iran and the ongoing conflict in...

Oil prices increase on concerns of new sanctions on Iran and Iraq conflict

Chevron ends Great Australian Bight exploration programme

Chevron Australia has terminated its Great Australian Bight exploration programme, citing the current low oil price environment and inability to compete for capital in its global...

Chevron ends Great Australian Bight exploration programme

Aker BP wins approval to perform gas lift operations in North Sea

Aker BP has secured Petroleum Safety Authority (PSA) of Norway’s consent to carry out necessary modifications for gas lifting at Tambar oilfield in the North Sea. ...

Aker BP wins approval to perform gas lift operations in North Sea

James Fisher begins decommissioning works in Gulf of Mexico

Global subsea excavation specialist James Fisher Subsea Excavation (JFSE) is set to start its 80th decommissioning/salvage job in the Gulf of...

James Fisher begins decommissioning works in Gulf of Mexico

Deals this week: Rosneft, Total, CH2M

Rosneft has closed a $1.12bn deal with Eni SpA to acquire a 30% stake in the concessions agreement for the development of Zohr field....

Deals this week: Rosneft, Total, CH2M

L&T wins $177m contract for Daman Development Project in India

Larsen & Toubro’s (L&T) wholly owned subsidiary L&T Hydrocarbon Engineering (LTHE) has secured a contract worth $177m for the Daman Development Project in offshore Mumbai, India....

L&T wins $177m contract for Daman Development Project in India

Oil prices drop as US crude stocks improve

Oil prices have dropped following reports of an increase in US crude inventories despite the OPEC-led efforts to rebalance the market....

Oil prices drop as US crude stocks improve

Three North Sea operators to use Add Energy’s NEMS Accounter solution

Energy consultancy and solutions provider Add Energy has secured contracts to provide its environmental management and reporting software, NEMS Accounter, to three unnamed operators in the North...

Three North Sea operators to use Add Energy’s NEMS Accounter solution

ALE completes Azerbaijan offshore work

ALE completes Azerbaijan offshore work

Wood Group closes £2.2bn Amec Foster Wheeler acquisition

Wood Group has completed the acquisition of engineering and project management company Amec Foster Wheeler for...

Wood Group closes £2.2bn Amec Foster Wheeler acquisition

Oil prices improve as crude market continues to tighten

Oil prices have increased for the third consecutive day amid stronger indications that the crude market is gradually tightening following years of oversupply. ...

Oil prices improve as crude market continues to tighten

Total signs deal with ONAP to explore offshore prospects in West Africa

Total has signed a technical evaluation agreement with the National Office of Petroleum of Guinea (ONAP) to study deep and ultra-deep offshore areas located off the coast of Guinea Conakry....

Total signs deal with ONAP to explore offshore prospects in West Africa

Statoil finds new oil on UK Continental Shelf

Statoil finds new oil on UK Continental Shelf

Oil prices rise slightly on signs of market rebalancing

Oil prices have improved after OPEC stated that there are clear signs of rebalancing in the crude market....

Oil prices rise slightly on signs of market rebalancing

Rosneft acquires 30% stake in Zohr gasfield for $1.125bn

Russian oil company Rosneft has completed the $1.125bn acquisition of a 30% stake in the concessions agreement for the development of Zohr gasfield....

Rosneft acquires 30% stake in Zohr gasfield for $1.125bn

Van Aalst Group installs SafeWay offshore access system in North Sea

Netherlands-based Van Aalst Group has successfully implemented another project using its SafeWay motion-compensated offshore access system in the North Sea following its previous operations in...

Van Aalst Group installs SafeWay offshore access system in North Sea
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