Schlumberger, the world’s largest oilfield services provider, and Cameron International Corporation jointly announced on Tuesday that the U.S. Department of Justice has cleared their proposed merger. The merger, announced in August 2015, was cleared without any conditions, granting early termination
The Petroleum Safety Authority Norway (PSA) has given Statoil consent to use the Edvard Grieg Oil Pipeline (EGOP). The Edvard Grieg Oil Pipeline system has been designed and built to transport stabilised oil from the Edvard Grieg facility to the Grane Oil Pipeline (GOP), where the oil will be commin
Swedish oil and gas company PA Resources will sell its assets and subsidiaries, appoint new CFO, and delist from Nasdaq Stockholm exchange. The company in April started a review of the company’s strategic options with regards to the PA Resources’s future. The main options explored were: the availabi
UK offshore oil and gas industry trade bodies Oil & Gas UK and Decom North Sea are to align on key areas to deliver a more efficient and effective decommissioning agenda for the North Sea. More joined-up working – but with each body retaining its independence, geographical representation, brand and
Petroleum Safety Authority (PSA) Norway has found several non-conformities on Statoil’s Gullfaks A platform, in the Norwegian sector of the North Sea. Norway’s offshore industry watchdog discovered the irregularities during the platform audit that took place from September 2-4, 2015. PSA visited Gul
Petrobras’ average oil and natural gas production in October reached 2.76 million barrels of oil equivalent per day rising 1.6 percent compared to September.
Ichthys CCPP consortium comprising GE and the CH2M HILL and UGL JV reached an agreement to settle claims on the US$550 million power plant with JKC Australia LNG.
The UK oil and gas industry’s decommissioning sector is growing at a steady pace according to Oil & Gas UK’s 2015 Decommissioning Insight, launched on Wednesday. The publication forecasts that total decommissioning expenditure on the UK Continental Shelf (UKCS) will reach £16.9 billion ($25.7B) over
The Northern Territory government selected Jemena Northern Gas Pipeline to build and operate the North East Gas Interconnector (NEGI) pipeline.
Siemens presented a new offshore logistics concept at EWEA 2015 in Paris. The company has signed a long-term framework contract with transport service provider deugro Danmark A/S, utilizing two purpose-built transport vessels to efficiently link Siemens’ existing production locations in Denmark with
As EWEA 2015 opened its door in Paris, the Chairman of EWEA and CEO of Siemens Wind Power and Renewables, Markus Tacke, sent out a clear message to the industry and political leaders to raise wind energy ambitions, as it could bring numerous economic and environmental benefits. “Our political leader
Reach Subsea ASA, a provider of IMR, ROV, survey construction, support and decomissioning services, is considering redundancies and layups of two vessels, Edda Fonn and Stril Explorer, in order to reduce costs. The rates are still low in a weak market with oversupply of tonnage in most segments, Rea
All passengers and crew are accounted for after the KM Wihan Sejahtera sank in Lamong Bay, Surabaya, Indonesia, yesterday morning, the local news agency writes. After the vessel suffered what was believed to be a collision, and started listing, the passengers rushed to save their lives by climbing d
After Shell in September said it would cease its offshore exploration efforts in Alaska, another oil major has decided to follow suit. Namely, Norway’s largest oil company Statoil on Tuesday said it has decided to exit Alaska following recent exploration results in neighbouring leases. The leases in
