The US military has launched air strikes targeting an al Qaida-linked militant leader in eastern Libya who has been charged with leading the attack on a gas plant in Algeria in 2013 that killed at least 35 hostages, including three Americans.
Statoil has awarded NOK4.3billion worth of contracts for its flagship Johan Sverdrup project. Odfjell Drilling picked up two bumper deals with the Norwegian operator to drill wells in the area.
Survivors of the 2013 Super Puma crash which killed four oil workers have launched a damages claim worth more than £5million. Nine passengers who were on the aircraft when it went down off the coast of Shetland are taking legal action against CHC Helicopter claiming their lives have been "destroyed" by the accident. Four of their colleagues were killed when the AS332 L2 - operated on behalf of offshore giant Total - plunged into the North Sea about two miles west of Sumburgh Airport. Lawyers for the group of survivors said their claim was being raised for the physical, emotional and financial losses suffered by the workers. CHC Helicopter said last night it "deeply regretted" the loss of life and that it had paid out more than £500,000 in interim insurance payment to those affected by the crash. A spokeswoman added: "Throughout the period of investigation, there has been much work undertaken to provide financial assistance to the families impacted by the accident." The survivors seeking damages claim they suffered a range of injuries, from a fractured spine to the effects of swallowing aviation fuel which leaked from aircraft. One said he suffers flashbacks to the tragedy and had been diagnosed with post-traumatic stress disorder. Lisa Gregory, partner at legal firm Digby Brown in Aberdeen, who is representing the group, said: "It has been the most horrific experience and we can't imagine how it is going to affect them for the rest of their lives.
Exploration and production companies should be driving the industry’s technology development agenda, according to new findings. In an exclusive, industry-wide Energy Voice research project, dubbed Energy 2050 – Securing our future, nearly half of respondents said E&P companies should be responsible for ensuring the industry’s ability to invent, prove and adapt new technology. But despite the call for sector-wide E&P leadership, the research also revealed the industry has yet to shed its historical “race-to-be-second” technology adaptation mentality, with the majority of respondents admitting a reluctance to be first.
North Sea technology can leverage the many unknowns of an emerging Asian exploration market as the new frontier finds its footing, according to an industry leader. Keith Palmer, Expro’s president of EPTI Overseas, sat down with Energy Voice fresh off his appointment in Bangkok, Thailand. Palmer discussed the emerging Asian market in the wake of Energy Voice research which revealed the region to be one of the most sought international frontiers. Palmer said now was a critical time for the North Sea to capitalise on a technology transfer.
Have you ever heard the story of the ancient Chinese farmer? You know the one that takes place far, far away in a rural community in ancient China. You see back then a man’s worth wasn't measured by his monetary gains. Instead a man’s worth was determined by the amount of land, livestock and sons he had. My farmer had one horse, one son and a big piece of land, so he was doing pretty good.
The industry is reeling from the effects of a 'promote me or I'll leave mentality', according to a new white paper. The paper, produced by K.D. Marine, discussed the skills shortage, projected production, cost efficiencies and the sector's transient culture. Motivated by the most recent down cycle, managing director Hamish Peterson gathered experts from both operators and service companies to discuss and debate a way forward for the North Sea sector.
Watch the video and hear what the #OG2050 panel found most surprising about Energy Voice’s Energy 2050 – Securing our future results. Read more here.
The oil industry must leverage the sector’s current down cycle if it wants to give itself a fighting chance for the future, industry leaders said at standout event at this year’s OTC.
It’s understandable, following a 50% drop in the price of oil between June last year and March 2015, that participants of Energy Voice’s ‘Energy 2050 – Securing Our Energy Future’ survey, expressed the ‘need to slash costs’ as the number one challenge for the oil and gas industry right now.
In a low oil price environment, companies face a difficult challenge; maintaining vital business relationships with clients and operational capability, whilst maintaining profitability.
The recent oil slide has seen the supply chain become more open now than it's ever been.
An industry leader said it’s time the sector shed the oil price shock and started working on becoming a better version of its former self.
The need to slash costs is the number one challenge for the oil industry, according to a major research project by Energy Voice, but leaders also believe crude prices will bounce back above $100.
Twelve months ago Step Change in Safety leader Les Linklater was staring down one of the toughest safety adaptation challenges in the sector’s recent history.
The industry must foster a new kind of competitive spirit amid this latest down cycle, according to Statoil.
The industry must be courageous enough to invest in its skills pipeline amidst a dipped marketplace, according to Atlas chairman Robert Morgan.
Brazil confirmed 269 blocks located outside its pre-salt area will be auctioned off at the end of this year.
Low oil prices and high costs are not just our problem, it’s a global problem. Respect to those who have not travelled to the Offshore Technology Conference in Houston this month, either to conserve cash or to express solidarity with those struggling at home. However, nobody can deny those of us here in Texas have a collective job to do.
Shell has completed a technlogy first after deploying a subsea CT scanner to its Gulf of Mexico deepwater flowlines.
Michele McNichol doesn’t believe in glass ceilings. She does the believe in the industry’s success depending on its ability to foster a boundless “engineering curiosity”.
Mexico’s commitment to the reform and opening up of its energy sector was underlined by President Enrique Peña Nieto visit to Aberdeen in the run up to this year's Offshore Technology Conference (OTC).
Ceona has landed a contract to carry out deepwater work in the Gulf of Mexico.
Pemex confirmed it’s on the hunt for North Sea alliances.
Baker Hughes launched its latest technology aimed at improving recovery factors at this year’s Offshore Technology Conference.
