Heerema Fabrication Group has been awarded the engineering, procurement and construction contract by Maersk Oil for the Culzean jackets.
Premier Oil is to plug and abandon a dry well in the Norwegian sector of the southern North Sea.
Congress is set to begin consideration of a measure to lift the decades-old ban on U.S. crude exports after a government study concluded the move wouldn’t raise gasoline prices for consumers, people familiar with the plan said. A panel in the House of Representatives is planning to vote on a measure to lift the ban, which dates back to the Arab oil embargo of the 1970s, as early as next week, according to three lobbyists working on the matter, who asked not to be named because the markup hasn’t been announced yet. The full House may vote on it later in September, leaving ahead the more difficult task of gaining enough support for repeal in the Senate, they said. Repealing the ban has gained new political potency as hydraulic fracturing has triggered a boom in domestic oil and natural gas output. Oil companies such as Exxon Mobil Corp. have called for its end, while some refiners say that lifting the ban would lead them to pay more for crude.
A total of 60 jobs at Expro are under threat.
Aberdeen will never fully recover from the latest oil slump unless the UK Government offers significant new tax breaks to boost the North Sea.
India is set to ease the rules for new oil and gas exploration blocks to lure foreign investment and tap the nation's vast energy resources in a bid to cut its crude import bill.
Asset life extension services provider Bilfinger Salamis has been awarded a five-year contract for international energy company TAQA for its oil and gas operations in the UK North Sea.
Oil spill detection specialist Aptomar has officially opened its new field monitoring centre in Norway which will provide a 24/7 service to offshore oil firms operating around the world.
MODEC said its Floating, Storage, Production and Offloading (FPSO) vessel Cidade de Itaguai MV26 has achieved first oil offshore Brazil. The vessel is working in the Iracema Norte area of the Lula field in the pre-salt layer of the Santos Basin.
Petroleum Geo-Services (PGS) has cold-stacked one of its survey vessels in a bid to reduce costs. The company said the Ramform Viking had been scheduled for a yard stay and classing in the first quarter of next year.
The European Commission has given unconditional merger clearance for Shell's $70billion offer for BG Group.
Technology firm Optasense has announced that its award-winning fibre-optic Distributed Acoustic Sensing (DAS) system has been chosen to provide improved pipeline monitoring, including leak detection, on a gas pipeline in Mexico.
Saudi Arabia and its Gulf allies are at odds with Iran and other OPEC members over whether the organization should include oil-price forecasts in its long-term strategy report, according to three of the group’s delegates. The Gulf kingdom, which has led the Organization of Petroleum Exporting Countries in a battle against rival producers, is seeking to exclude price assumptions from the report, according to the delegates, who asked not to be identified because the document isn’t public. The disagreement reflects internal divisions over whether OPEC policy should focus on prices or the stability of the oil market, one of the delegates said.
Aberdeen-based Xodus Group has been awarded a contract with Nexen to provide Front End Engineering and Design (FEED) services in support of the decommissioning of the Ettrick and Blackbird fields in the central North Sea.
China Oilfield Services Limited (COSL) will drill two offshore exploration wells for Russia's Rosneft ROSN.MM, the Kremlin-controlled oil giant said on Wednesday, as it is trying to overcome restrictions related to Western sanctions.
Venezuela and China have signed a deal for a $5 billion loan designed to increase the OPEC country's oil production, Venezuelan President Nicolas Maduro said.
Brazil's largest oil workers' union advised Petroleo Brasileiro SA PETR4.SA that it plans to begin an open-ended strike against the state-run oil company starting at midnight (0300 GMT) on Friday.
Actor Emma Thomson joined Greenpeace protestors - and a giant polar bear puppet - outside Shell's London HQ in a continued protest against the oil giant's Arctic activity.
Norwegian survey specialist Petroleum Geo Services has decided to cold-stack a third vessel in order to cut costs.
Chief executive of the Oil and Gas Authority, Andy Samuel, has welcomed the formation of the new Efficiency Task Force (ETF), led by industry trade body Oil and Gas UK, that aims to greater efficiency with the UK North Sea sector.
CEB Resources has agreed with PT Akar Golindo (PTAG) to assess the technical and commercial prospects for gas production in Indonesia creating a beach head into the the country's gas and power markets
Empyrean Energy overcame flooding in Texas to report promising production from its flagship Sugarloaf project in Eagle Ford.
Oil and gas investors have ploughed £600,000 into new company Well-SENSE Technology, which has set up shop in an incubator unit in Dyce, Aberdeen.
ConocoPhillips, the fourth-largest U.S. oil company, plans to reduce its workforce by 10 percent in the latest sign that the energy industry is preparing for a longer downturn.
Glacier Energy Services said yesterday it had launched a new specialist services division and appointed Martin Kilrummy, previously of Petrofac Facilities Management (PFM), to run it.