3D Oil pushes back on Sea Lion spud
3D Oil has blamed bad weather for the delay in drilling the Sea Lion-1 exploration well offshore Australia.
Aramark receives accolade from UK safety body
Facilities management firm Aramark has picked up top awards from UK safety body RoSPA.
Pacific to operate Peru’s largest oil field
Canadian producer Pacific Exploration has been awarded a two-year contract to operate Peru's largest oil producing block on behalf of the Peruvian government.
Walking oil rigs lead march to cheaper, quicker drilling
Have anyone ever seen an oil rig walk?
World’s top oil trader sees price at $40-$60 into 2016
Oil prices will remain at $40 to $60 a barrel into 2016 as rising crude supplies overwhelm demand, according to the world’s largest independent oil trader.
Aker Solutions reducing Norwegian headcount by 500
Aker Solutions is to cut up to 500 jobs in its Norwegian subsea business - blaming a continued market slowdown.
Energy firm claims Scottish mountain wind turbines will not ruin landscape
A green energy firm has launched its battle to build a windfarm on an iconic mountain - by claiming festooning it with 14 turbines would not ruin the landscape.
Singapore shipyard lands $1billion mega contract for Culzean topsides
Lucrative contracts to develop Maersk's giant $4.5billion Culzean gas field were revealed today with Singapore-based shipyard Sembcorp the latest to announce a $1billion agreement to build the topsides for the North Sea mega-development.
Trinity ditches Trinidad non-core asset
Trinity, the independent explorer focused on Trinidad and Tobago, has sold of its non-core assets as part of an ongoing review process.
Offshore Europe 2015: Lux Assure focusing on deepwater integrity management
The threat carried by difficult to detect chemicals that affect asset integrity will be the topic of discussion when corrosion specialist Lux Assure addresses delegates at Offshore Europe next week.
Oil price slump may impact on merger deals
Merger and takeover activity in the oil and gas sector could be affected by the collapse in oil prices according to the latest data from accountancy giant KPMG.
Rockhopper eyes cash boost from new Mediterranean well
UK independent Rockhopper Exploration hopes to boost its coffers following the completion of a new sidetrack well in the Mediterranean.
Faroe increases interests in North Sea fields
Independent exploration company Faroe Petroleum has acquired interests in North Sea assets from Roc Oil in a deal worth up to $20million.
Enquest sells North Sea HQ to property firm for £45.1million
Enquest, the largest UK independent producer of oil in the UK sector, has agreed the sale of its new North Sea headquarters in Aberdeen for £45.1million.
Seabird mobilises in Gulf of Mexico
Seismic survey specialist Seabird Exploration is mobilising Aquila Explorer for the TGS Gigante survey in Gulf of Mexico.
Pemex investors face crude reality with threat of credit downgrade
More than a year after Mexico rewrote laws to give oil giant Petroleos Mexicanos the financial independence needed to compete with global peers like ExxonMobil, things aren’t looking good for the state-owned driller. With crude near a six-year low, output dropping and Moody’s Investors Service warning that it’s considering a cut to Pemex’s credit rating, investors are demanding a widening premium to own the company’s bonds instead of government notes. The extra yield they demand to hold the dollar debt from Pemex is at a six-month high of 1.1 percentage points.
InterOil begins Antelope drilling in New Guinea
InterOil has started drilling on a side-track well at the Antelope-4 site, as part of its appraisal campaign on the Elk–Antelope gas field in Papua New Guinea.
Offshore Europe 2015: Equalizer launching new NutSplitter tool at show
Equalizer International, designer and developer of flange maintenance tools for the energy sector, will launch its new NutSplitter range at next week’s Offshore Europe.
Increased oil demand will push growth of EOR, new report says
The major factors driving enhanced oil recovery (EOR) market growth include increasing oil consumption coupled with diminishing production from mature fields, according to a new report.
Pacific Exploration opens $600million Colombian terminal
Pacific Exploration has started operations at the Puerto Bahía port facilities in Cartagena, Colombia.
Athabasca Oil nets $152million for Dover oil sands share
Canadian developer Athabasca Oil has received $152.6million from Brion Energy (formerly Phoenix Energy) for the sale of its 40% interest in the Dover oil sands project.
Weaker rouble helps Rosneft offset oil price slump
Russia’s largest oil producer Rosneft saw its second quarter profit fall but a weak rouble helped soften the hit by countering the slump in the price of oil.
Tap Oil results show importance of Manora
Australian oil producer Tap Oil's $24.4million of exploration write downs has led to the company reporting a loss of $17.4million in its half year results.
Petrofac uses Shetland Gas Plant to upskill workers
Petrofac workers based at the Shetland Gas Plant (SGP) have upskilled to become qualified tradesmen thanks to a new training programme partnership.
Offshore Europe 2015: Trelleborg technology tackles vibration dangers
Polymer engineering multinational Trelleborg has developed a new system to tackle potentially serious weld and subsea pipe failures.