Tech Tuesday: Augmented Reality is an industry game-changer says Maersk Oil
From Google Glasses to ‘face-swapping’ apps, Augmented Reality (AR) is a concept we’re becoming increasingly familiar with.
McDermott lands pipeline contract with Shell in Brunei
Engineering group McDermott has been awarded further pipeline work for 2017 under a multi-year offshore installation contract with Shell in Brunei.
Gazprom and Shell assets swaps “certain” by end of year claims Medvedev
Gazprom could gain control over some of the assets Shell's recently acquired BG assets in a swap deal, a senior Gazprom executive said.
Genel Energy and partners receive Taq Taq payments
Genel Energy said it has received a $5.5million from the Kurdistan regional government for oil sales in May.
Deadline nears in Norwegian offshore workers dispute
Mediation talks are continuing as the deadline approaches on a possible strike involving hundreds of oil and gas workers in Norway could go on strike unless a wage deal is agreed by the middle of next week, according to reports.
Marathon takes $888million additional stake in Oklahoma shale basin
Marathon Oil has agreed to buy PayRock Energy Holdings for $888million from venture capital firm EnCap Investments, increasing its stake in the Anardarko Basin STACK play in Oklahoma.
Offshore workers raise cash for stranded supply boat crew
Offshore workers have raised more than £250 to help support stranded Indian crew members on board a ship being held in Aberdeen Harbour.
Statoil hit with improvement order for methanol plant
Norwegian energy giant Statoil has been given until July 8 to explain how it will deal with non-conformities and improvements following an inspection of its Tjeldbergodden facility.
Dong wind farm maintenance facility to create jobs
A new maintenance facility is to be built to serve offshore wind farms, creating scores of jobs.
Solar Impulse 2 sets out on Atlantic crossing
Solar Impulse 2 has taken off from New York on a 90-hour crossing of the Atlantic as it continues its circumnavigation of the earth.
Permasense appoints Saudi agent
Corrosion and erosion monitoring specialist Permasense has appointed STARC (Saudi Trading And Research Company Ltd) to support it expanding Middle East operation by becoming its representative in Saudi Arabia.
BP sanctions “fast track” development of Atoll gas discovery in Egypt
British oil major BP has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery.
McKinsey’s energy team forecast LNG oversupply for next eight years
McKinsey Energy Insights (MEI) predicts LNG oversupply will last until 2024, leading to few new projects reaching final investment decision (FID) in the next 12 to 18 months.
JKX produces more but earns less on exchange rate fluctuation
JKX Oil & Gas, the Ukraine and Russian focused operator, said the weakness of the rouble affected revenue in the first five months of 2016, although production levels had increases on the same period from last year.
Amec Foster Wheeler wins BP Iraq contract
Amec Foster Wheeler has secured a three-year framework agreement by BP Iraq to complete conceptual studies and pre-front end engineering design (FEED) work to support BP plans to sustain and grown production at the Rumaila oil field in Iraq.
BP’s Dudley says Brexit would create world uncertainty
A decision by the British people to quit the European Union in a forthcoming referendum would trigger a period of uncertainty for the world, BP (BP.L) Chief Executive Bob Dudley told Bloomberg TV on Friday.
BP can keep reduced spending level for another three Years, says Dudley
BP can keep spending at a reduced rate of about $17 billion for another three years without affecting growth, chief executive Bob Dudley said.
Iran oil sales to Europe put Russian noses out of joint
The return of Iranian oil to the international market is hurting Russia’s main crude grade, forcing it to trade at the biggest discount in two years.
Technip and FMC complete agreement as merger progresses
Technip and FMC Technologies have executed a Business Combination Agreement (BCA) regarding their proposed merger announced on May 19, 2016 with the firms hailing it as a major milestone in their merger process.
Siemens and Gamesa to form world’s biggest wind-turbine maker
Siemens and Spain's Gamesa have agreed to combine their wind-turbine manufacturing businesses, creating a company with the biggest installed capacity worldwide in a move that speeds consolidation of the industry.
Oil majors look to shed refineries as crude prices rebound
Oil majors Chevron and Shell are putting small refineries on the auction block as they look to trim lower-margin assets in the face of headwinds from rising crude oil prices.
Shell and Gazprom to invest $13billion in Russian projects
Shell and Russia's gas major Gazprom will jointly invest $13 billion in three projects in Russia.
Oil gains and pound bounces back as Brexit concerns ease
Sterling and the London market swung back into positive territory on Friday morning amid easing concerns over a British exit from the European Union.
Awilco resolves dispute with Apache over WilPhoenix rig hire
Awilco Drilling and Apache North Sea have resolved the dispute that will now see the WilPhoenix leave the yard in Hartlepool next week and resume operations at Apache's first drilling location around 26th June.
Sinopec serves $5.5billion compensation claim on Repsol
Chinese energy conglomerate Sinopec has served an arbitration notice to Spain's Repsol demanding around $5.5 billion in compensation over a 2012 joint venture.