XPD8 Solution has signed a two-year contract with CNR International to provide monitoring services to five of the company’s platforms in the North Sea. The company has previously provided cover to CNR International’s UKCS assets over the past eight years. The latest contract will take XPD8 to a decade of working for the Canadian oil and natural gas company.
San Leon Energy said it had made a new gas discovery onshore Morocco but gave no further details of a takeover bid made last month. The company said the Laayoune-4 well on the Tarfaya conventional licence had been drilled and suspended with gas shows. San Leon has completed £29million of fundraising through the placing of ordinary shares together with a share capital reorganisation.
Nostra Terra, the UK-headquarterd independent producer, said it is focused on acquiring producing assets with exploration potential in North Africa.
UK oil and gas investment company MX Oil is looking ahead to a "game changing" end of year with progress made in Mexico and imminent production expected from its Nigerian assets.
Industri Energi delivered a boycott notice to Technip Singapore over “social dumping”.
Nighthawk, the US focused oil development and production company, said reduced oil prices and lack of drilling had an impact on its half-year results with both revenue and profits down.
Swedish operator Lundin has identified oil from two new wells in the Norwegian sector of the Arctic.
Serica Energy posted healthy financials for the first half of the year thanks to a strong North Sea performance.
As the oil price crash hits North Sea projects will deals between producers and service firms dramatically change?
International mechanical engineering group, EnerMech is looking for additional investors to take the business to the next stage of its development plan.
Oil is set for the lowest quarterly average price since the start of 2009 amid signs a glut of supplies is expanding in the world’s biggest consumer and OPEC producers are boosting output.
Hundreds of jobs are at risk across six member companies of the Caterers Offshore Trade Association (COTA). The estimated figure was revealed as another union said it would ballot members over whether to take industrial action over a pay dispute. In a letter seen by Energy Voice the chairman of COTA and chief executive of Entier, one of the member companies, warns around 500 positions are being consulted on.
Tecnicas Reunidas has been awarded a $310million contract from Abu Dhabi Oil Company Limited (ADOC) for early production facilities in the Haild field. The contract work is expected to last around 20 months and consists of onshore works to be developed in the islands of Mubarraz and Hail.
Mexico needs to attract significant interest to salvage a bidding round hampered by delays and low oil prices according to research carried out by consulting firm GlobalData.
Satellite communications specialist ITC Global has been awarded a multi-million dollar contract by Maersk Drilling to service the Danish company's fleet of drilling rigs.
Shell Malaysia is set to reduce its headcount by 1300 members of staff in its upstream division over the next two years. The oil major said the move was as a result of a continued focus on improving efficiency and reducing complexity which would allow it to become a more “agile and competitive” firm. The announcement comes just a day after Shell revealed it was pulling out its Arctic drilling programme.
Pan Pacific Petroleum (PPP) and its joint venture (JV) partners have withdrawn from a block in Vietnam after unsuccessful drilling of the Whale prospect. The company said the decision was also influenced by the inability to secure a farm-in partner to share the costs and risk of drilling an additional well in the licence.
The Sea Lion-1 exploration well is facing further delays due to continued weather conditions preventing the handover of the West Telesto rig from its current operator. Hibiscus Petroleum is currently awaiting handover of the jack-up from Origin Energy in the Gippland basin. 3D Oil said the hold-up was not at the material expense of the joint venture and was also not due to the performance of the rig or other operational factors.
Oil major Shell has been picked by Bulgaria to complete oil and gas exploration off its Black Sea coast. According to reports, the country plans to sign a contract by the end of next month as the region looks to lower its reliance on imports from Russia. In April the Balkan country opened tenders for two offshore blocs, Silistar and Teres.
Norway’s krone strengthened from a 13-year low versus the dollar alongside the currencies of other commodity-producing nations as oil prices rebounded.
Gulf Marine Services (GMS) has won its first contract for the GMS Scirocco after completing the vessel ahead of schedule. The company said the jack-up barge will commence a four month contract next month for an engineering, procurement and construction contractor. All other vessels owned by GMS have been delpoyed to support brownfield oil and gas production, well services and maintenance work in the MENA region.
Norwegian energy giant Statoil has announced the completion of its 482km Polarled pipeline, the deepest on the Norwegian continental shelf.
Central Asian-focused UK independent Roxi Petroleum has posted a first half pretax profit of $18.7m in 2015 thanks to the sale of the Galaz gas plant in Kazakhstan.
Independent producer Trinity has revealed it is looking for a buyer for its assets in Trindad and Tobago whilst agreeing a further extension until October 9 to its debt repayment "moratorium" on the $13million it owes is principal lender.
Solo Oil looks to expand its onshore exploration campaign to the Isle of Wight.