ExxonMobil has claimed a new world record for extended-reach drilling with its Z-12 well drilled on Sakhalin 1 in the Russian Far East.
LUNDIN has started the process of assessing potential farm-in partners for its SW Heather discovery in the UK Northern North Sea.
THE International Marine Contractors Association (IMCA) has issued a warning about false diving qualifications and the threat this poses to safety. It says there is a growing number of cases where divers have used, or attempted to use, falsified qualifications to gain employment or as a prerequisite for further training.
Fifty billion dollars will be needed to get Iraq's oil industry back on its feet - $40billion for developing already discovered, but undeveloped, oilfields, and $10billion for exploration.
UK independent Rockhopper says it has identified five oil and gas plays with a recoverable reserves potential of billions of barrels offshore the Falkland Islands and that there is a "substantial increase" in drillable targets.
A large number of new UK and international jobs will be created this year as Petrofac's mature oil&gas assets (brownfield) business accelerates and internationalises.
SCOMI Oiltools is planning to invest in the order of $20million on upgrading its Europe headquarters in Aberdeen over the next two years, with at least 50 new jobs likely as a result.
I GAVE up forecasting oil prices a few years ago. From the economic perspective, the equilibrium price - with demand and supply in balance - was then about $15 per barrel. It fell to about $10, which caused serious problems for many producers, not least in the North Sea, but has never been near that level since.
A FORMER Norman Broadbent director, Jon Glesinger, has launched a radically different people business dedicated to harnessing the expertise of people who have retired from the oil&gas patch.
THE Estonian Maritime Administration has awarded a contract to Aker Arctic Technology of Helsinki, Finland, for designing a new multipurpose icebreaker that will be capable of functioning as an offshore support vessel out of season.
"I SAID I'd come for two, but it's been three-and-a-half years. I've done my time," says Pridden, who intends to stay at the helm until a suitable successor is found.
BAE Systems is marshalling its forces to break into upstream oil&gas, with an armoury of technologies and systems that could have a major beneficial impact offshore.
INDEPENDENTS Chrysaor and Faroe Petroleum are each planning critical appraisal wells this summer that could, if successful, lead to two new UK Atlantic Frontier developments - Solan and Freya.