Oil and Gas News
Fri 24 Jun 2016 BP to Keep Staff and HQ in UK
Published: 14:48 on Fri 24 Jun 2016 in Oil Industry News.
Oil major BP (BP.L) said on Friday its headquarters would remain in the United Kingdom, despite Britain voting to leave the European Union."It is far too early to understand the detailed implications ...
Fri 24 Jun 2016 Brexit: The Industry Reacts
Published: 11:00 on Fri 24 Jun 2016 in Oil Industry News.
Here are some early reactions from industry so far:Neil Thomson, Managing Director of The Visa Team commented: “After the seemingly limitless media exposure and enormous campaign expenditure, it ...
Fri 24 Jun 2016 Brexit Scotland and North Sea Gas
Published: 10:00 on Fri 24 Jun 2016 in Oil Industry News.
Energy has played virtually no role in the referendum debate but the result of the vote to leave means that the investment climate regarding development of a substantial proportion of the North Sea's ...
Fri 24 Jun 2016 World Stocks in Freefall as UK Votes for EU Exit
Published: 09:00 on Fri 24 Jun 2016 in Oil Industry News.
Such a body blow to global confidence could well prevent the Federal Reserve from raising interest rates as planned this year, and might even provoke a new round of emergency policy easing from all th...
Fri 24 Jun 2016 Dozens of Pilot Jobs Threatened at North Sea Helicopter Firms
Published: 08:00 on Fri 24 Jun 2016 in Oil Industry News.
A total of 22 jobs in danger at CHC and another 15 are threatened at Bristow, all based in Aberdeen.CHC recently decided to stop flying Super Puma helicopters in the wake of a fatal crash in Norway.A ...
Fri 24 Jun 2016 Aberdeen No Longer Europe's Oil Capital as Brexit Confirmed
Published: 06:20 on Fri 24 Jun 2016 in Oil Industry News.
Announcing a 52% victory to the leave campaign the BBC confirmed the results of what could be one of the most significant votes in our history.@globalReachWidget@While the divided voice of the UK opte...
Fri 24 Jun 2016 Oil Price Tumbles As UK Votes Out of Europe
Published: 05:00 on Fri 24 Jun 2016 in Oil Industry News.
The uncertainty over the U.K’s future has battered the British pound while the U.S. dollar rose sharply.On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at...
Thu 23 Jun 2016 North Sea Well Control Incident Result of Platform Safety Breaches
Published: 17:00 on Thu 23 Jun 2016 in Oil Industry News.
It follows a probe carried out by Norway's Petroleum Safety Authority into the 16 March incident at the North Sea platform that involved a well kick - or inflow from the reservoir - in connection with...
Thu 23 Jun 2016 The Oil Glut Is Over, Says World's Most Powerful Oil Man
Published: 15:00 on Thu 23 Jun 2016 in Oil Industry News.
Pumping more oil than the market could absorb left Texas scarred with rows of padlocked factories and flattened little towns that once thrived on the edge of the energy economy. Even after crude price...
Thu 23 Jun 2016 Shell to Resume Drilling Offshore Nova Scotia, but with Restrictions
Published: 14:00 on Thu 23 Jun 2016 in Oil Industry News.
Drilling was halted on March 5th after an operations incident on the Stena IceMAX drillship.After securing the exploration well with two barriers and disconnecting to ride out heavy weather, the riser...
Thu 23 Jun 2016 Subsea 7 to Return PLSV to Owner After Vessel Switch Off Brazil
Published: 13:00 on Thu 23 Jun 2016 in Oil Industry News.
Petrobras and Subsea 7 have agreed to substitute the owned PLSV Seven Mar for the chartered PLSV Normand Seven in the existing Normand Seven contract. The substitution will be made in late June.The co...
Thu 23 Jun 2016 Hess and Talos Gig for Proserv in Gulf of Mexico
Published: 12:00 on Thu 23 Jun 2016 in Oil Industry News.
The delivery of these contracts will involve Proserv’s global team of subsea controls and communications experts in Great Yarmouth, UK; Trondheim, Norway and Houston, USA.Proserv will provide subsea c...
Thu 23 Jun 2016 Hess extends cooperation with DNV GL
Published: 11:00 on Thu 23 Jun 2016 in Oil Industry News.
Hess said on Wednesday that the deal includes risk-based inspection (RBI) services and non-destructive testing (NDT) inspection services.This contract further extends the 18-year cooperation between t...
Thu 23 Jun 2016 IOG Doubles Reserves with Blythe Discovery Buy
Published: 10:00 on Thu 23 Jun 2016 in Oil Industry News.
Independent Oil and Gas (IOG), a development and production focused oil and gas company, has completed the acquisition of the other 50% of the licence covering Blocks 48/22b and 48/23a in the Southern...
Thu 23 Jun 2016 Noble gets $540M for rig contract terminations
Published: 09:00 on Thu 23 Jun 2016 in Oil Industry News.
Noble received $540 million in cash through the receipt of Freeport shares, which were immediately resold by Noble under a previously disclosed distribution agreement.With the settlement value collect...
Thu 23 Jun 2016 OneSubsea Gets to Work at Mediterranean’s Largest Gas Discovery
Published: 08:00 on Thu 23 Jun 2016 in Oil Industry News.
OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract totaling more than $170 million from Belayim Petroleum Company (Petrobel).OneSubsea will suppl...
Thu 23 Jun 2016 McDermott Wins Pipeline Work with Shell in Brunei
Published: 06:00 on Thu 23 Jun 2016 in Oil Industry News.
McDermott International has been awarded further pipeline work for 2017 under a multi-year offshore installation contract with Shell in Brunei.The work includes transportation and installation (T&...
Wed 22 Jun 2016 Ithaca’s FPF1 to Sail-away by June End
Published: 23:00 on Wed 22 Jun 2016 in Oil Industry News.
After several delays, Petrofac has informed that the FPF1 semi-submersible production platform will be ready for sail-away to the Greater Stella Area development, in the UK North Sea, by the end of th...
Wed 22 Jun 2016 Russia’s Gazprom Eyes Asset Swap with Shell
Published: 22:00 on Wed 22 Jun 2016 in Oil Industry News.
Russia’s state-controlled gas giant Gazprom could gain control over some of the assets that Shell acquired earlier this year from BG group, a senior Gazprom executive said in an interview.Gazprom’s ...
Wed 22 Jun 2016 Private Equity Firms set to Increase Investment in Oil and Gas Sector
Published: 20:00 on Wed 22 Jun 2016 in Oil Industry News.
Private equity (PE) firms are preparing to deploy capital into the global oil and gas sector with 25% planning acquisitions before the end of the year and 43% by the first half of 2017, according to a...
Wed 22 Jun 2016 North Sea Platform Shut Down After Fire
Published: 18:30 on Wed 22 Jun 2016 in Oil Industry News.
All 114 personnel are safe and well following the incident which occurred at midnight. The crew was called to muster before being stood down and the platform ramians fully crewed. One source told...
Wed 22 Jun 2016 Faroe Gains Nod for Brasse Appraisal in North Sea
Published: 18:00 on Wed 22 Jun 2016 in Oil Industry News.
The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge a drilling permit for well 31/7-1 A, in the North Sea offshore Norway.The well 31/7-1 A will be drilled from the Transocean Arctic...
Wed 22 Jun 2016 Det Norske Awards 4-year Deal to Proactima
Published: 14:00 on Wed 22 Jun 2016 in Oil Industry News.
Proactima, a supplier of services in risk assessment, societal security, and HSE management, has signed a four-year framework agreement with oil and gas company Det norske.Proactima said that the agre...
Wed 22 Jun 2016 Fresh Blow to Aberdeen as Firm Announces 430 Fresh Job Cuts
Published: 13:00 on Wed 22 Jun 2016 in Oil Industry News.
Oil and Gas People has learned today that Subsea 7 plans to cut 430 jobs from its UK operations. In a statement issued this afternoon a spokeswoman for Subsea7 said: "As part of the Company’...
Wed 22 Jun 2016 Fugro Secures North Sea Trenching Projects
Published: 13:00 on Wed 22 Jun 2016 in Oil Industry News.
At the Wintershall-owned Maria development in the Norwegian sector of the North Sea, Fugro will deploy the Q1400 trenching system under a contract with Subsea 7. At Det norske’s Ivar Aasen development...
Wed 22 Jun 2016 Oil Price: $80 a Barrel Is On Its Way, Says Analyst
Published: 12:00 on Wed 22 Jun 2016 in Oil Industry News.
The benchmark Brent crude price on ICE Futures Index closed at $63.34 a barrel yesterday, a rise of 32 cents, after a day in which it had been traded down by $1 at one stage against a backdrop of moun...
Wed 22 Jun 2016 Statoil Suspends Songa’s Semi-sub Rig
Published: 11:00 on Wed 22 Jun 2016 in Oil Industry News.
Offshore drilling contractor Songa Offshore has informed that its client Statoil will suspend the contract for the semi-submersible rig Songa Delta after the current well, Slemmestad, in the North Sea...
Wed 22 Jun 2016 Repsol’s Integration of Talisman gets Passing Grade in Norway
Published: 10:00 on Wed 22 Jun 2016 in Oil Industry News.
Spanish oil company Repsol bought the Canadian energy company Talisman in 2015 for $8.3 billion, plus assumed debt of $4.7 billion.Given that Talisman had offshore oil and gas assets in Norway, the No...
Wed 22 Jun 2016 Bilfinger Lands North Sea Work with Maersk Oil
Published: 09:00 on Wed 22 Jun 2016 in Oil Industry News.
The award comes as the company achieves accreditation from certification bodies DNV GL and Lloyd’s Register for the provision of Thickness Measurement of Hull Structures, extending its FPSO inspection...
Wed 22 Jun 2016 Bristow to Launch Rescue and Recovery Service for Nigeria’s Oil and Gas Industry
Published: 08:00 on Wed 22 Jun 2016 in Oil Industry News.
Italian helicopter company Leonardo-Finmeccanica, Russian Helicopters and Rusian oil giant, Rosneft, have signed an agreement for the future sale of additional twenty AgustaWestland AW 189 commercial ...
Oil and Gas News Archive