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Oil & Gas UK establishes new North Sea unit
03 September, 2015
Oil & Gas UK has launched the Efficiency Task Force (ETF) that aims to make the North Sea industry more competitive....
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EU approves Shell’s proposal to acquire BG Group for $70bn
Thursday, September 03, 2015 The European Commission has approved Shell's previously announced proposal to acquire British oil and gas firm BG Group in a $70bn deal. ...

China Oilfield to drill two exploration wells in Okhotsk Sea offshore Russia
Thursday, September 03, 2015 China Oilfield Services (COSL) has secured a contract to drill two exploration wells in 2016 for Rosneft and Statoil's joint ventures Magadanmorneftegaz and Lisyanskmorneftegaz....

Oil prices slip due to rise in US stockpiles
Thursday, September 03, 2015 Crude oil prices have fallen following a rise in US stockpile and stronger dollar value....

Oil prices fall due to low economic outlook globally
Wednesday, September 02, 2015 Oil prices have fallen due to a lack of demand amid a weak global economic outlook....

Schlumberger and IBM offer integrated services to upstream oil and gas customers
Wednesday, September 02, 2015 US firms Schlumberger and IBM have joined forces to offer integrated services to upstream oil and gas customers through combining their solutions....

Wärtsilä wins contract from Hyundai Heavy Industries to supply regasification modules
Wednesday, September 02, 2015 Finland-based Wärtsilä has secured two contracts to supply seawater/propane-based regasification modules to South Korean shipyard Hyundai Heavy Industries (HHI)....

Arup installs offshore malampaya depletion compression platform at Malampaya Phase 3
Wednesday, September 02, 2015 Engineering and consulting firm Arup has completed installation of the offshore Malampaya Depletion Compression Platform (DCP) at Shell's Malampaya Phase 3 gas field in the West Philippine Sea...

JX Nippon wins regulatory approval to develop Culzean field in UK North Sea
Tuesday, September 01, 2015 JX Nippon Exploration and Production and its co-venturers, Maersk Oil and BP have secured approval from the UK Oil & Gas Authority for the development of the Culzean Field located in the UK...

Keppel to acquire Cameron’s offshore rigs business
Tuesday, September 01, 2015 Singapore’s Keppel Offshore & Marine (Keppel O&M) has signed an agreement to acquire offshore rigs business of the US-based Cameron in a transaction valued at...

Oil prices slip due to weak manufacturing activity in China
Tuesday, September 01, 2015 Oil prices dropped by over 3% on Tuesday following a slump in manufacturing activity in...

Eni discovers giant gas reserve in Mediterranean Sea offshore Egypt
Tuesday, September 01, 2015 Italian company Eni has discovered a huge gas reserve in the Zohr 1X NFW well at its Zohr Prospect in Mediterranean Sea offshore...

Chiyoda and Ezra agree to form $1.25bn subsea JV
Friday, August 28, 2015 Singapore-based Ezra has signed a memorandum of understanding (MoU) that will see Japanese engineering company Chiyoda investing in its subsea services business, Emas AMC, to form a $1.25bn...

Oil prices remain stable due to rising equity markets
Friday, August 28, 2015 Oil prices remain stable on Friday after bouncing back from six-and-a-half-year lows on rising equity markets, in addition to strong economic growth in the...

Nigerian National Petroleum cancels previously signed offshore processing agreements
Friday, August 28, 2015 The Nigerian National Petroleum Corporation (NNPC) has cancelled its previously signed offshore processing agreements (OPAs) with the Duke Oil Company, Aiteo Energy Resources, and Sahara...

Norway authorises Statoil to operate subsea equipment on Gullfaks oil field
Friday, August 28, 2015 Statoil has secured authorisation from the Norwegian Petroleum Directorate (NPD) to operate new subsea wet gas compressor and umbilical on the Gullfaks oil field in production licence...

Schlumberger reports on Horse Hill licences in England
Thursday, August 27, 2015 Oilfield services company Schlumberger has independently calculated a mean Oil in Place (OIP) of 10.993bn barrels to lie within the 55 square miles of the PEDL137 and PEDL246 Horse Hill licences...

Oil prices up due to rally in global equity markets
Thursday, August 27, 2015 Oil prices increased over 4% on Thursday following a rally in global equity markets as well as a drop in US crude...

Schlumberger to acquire Cameron International for $14.3bn
Thursday, August 27, 2015 Oil services group Schlumberger has signed an agreement to acquire the US-based flow equipment products manufacturer Cameron International in a transaction valued at...

France’s Total to offload interests in gas pipelines and terminal for $905m
Thursday, August 27, 2015 France-based Total has agreed to divest all of its interests in the Frigg UK Pipeline (FUKA), the Shetland Island Regional Gas Export System (SIRGE) gas pipelines, and the St Fergus Gas Terminal...

Exceed to unveil online tool for offshore decommissioning market
Wednesday, August 26, 2015 Scotland-based well management and performance improvement services provider Exceed is set to launch an online information management tool for the offshore decommissioning...


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