OTC 2014: Close links lead to growth
Aberdeen and Houston have been closely linked through the oil industry for more than four decades.
Opinion: ‘If we can’t convince the man on site we won’t convince a judge’
“In many ways, telling people what my job is about is straightforward”, the young safety engineer told me. “Process safety, when it comes down to it, is all about keeping the harmful stuff away from where it would do harm. However, explaining what that means I do on a day-to-day basis, that’s another matter entirely…..”
Apache unloads its deepwater Gulf of Mexico projects
Freeport-McMoRan Copper & Gold has acquired Apache’s stakes in its deepwater Gulf of Mexico projects for $1.4billion.
Chevron reaches settlement in long-standing Ecuador oil pits dispute
Chevron has reached a settlement agreement with a lobbying firm after fraudulent claims were brought against the corporation.
Tony Hayward appointed chairman of Glencore Xstrata
Former BP chief executive Tony Hayward has been appointed the chairman of Glencore Xstrata.
QPI acquires nearly half of Centrica’s Canadian shares
Qatar Petroleum International (QPI) will acquire nearly half of Centrica’s Canadian natural gas business.
OTC 2014: Craig Group boss joins prestigious network
The boss of Aberdeen-based shipping and energy service company Craig Group has been recruited to the GlobalScot network, which helps to promote Scottish businesses around the world.
OEG Offshore forms joint venture in the Middle East
OEG Offshore and Unique Maritime Group have formed a joint venture targeted at the Middle East.
OTC 2014: Peterson launches new technology for supply chain
Peterson has launched new technology aimed at the oil and gas supply chain.
OTC 2014: Mooring School makes transatlantic journey
Offshore support company Viking SeaTech has brought its specialist mooring school to Houston.
Apache’s hydrocarbon finds highlight Egypt’s potential
Two recent hydrocarbon discoveries highlight the potential in Egypt’s Western Desert, according to Apache.
Industry leaders say safety is the real ‘winner’ in CAA rethink
New measures to improve helicopter safety for oil and gas workers have been brought forward. The UK Civil Aviation Authority (CAA) says emergency breathing systems will now be compulsory 15 months earlier than originally planned. Helicopter operators will have to have the equipment in place from January 1, 2015 rather than April 1, 2016.
North Sea’s Claymore boosts Talisman’s first quarter results
Talisman Energy announced increased production after the successful restart of the Claymore platform. The firm's first quarter results revealed production from ongoing operations totalled 360,000 boed, up 6% from last year’s first quarter figures.
Marathon Oil’s profits spike despite decreasing sales volumes
Marathon Oil posted a net income of $613million, an increase of 73% from last year’s figures.
OTC 2014: ProSep bags work for Shell Canada’s heavy oil project
ProSep has been awarded a contract with Shell Canada for its heavy oil venture.
OTC 2014: Emerson deploys subsea technology in Statoil’s Skuld field
Emerson Process Management confirmed it has successfully completed the first deployment of its Roxar Downhole Wireless PT Sensor System. The deployment was carried out in Statoil's Skuld field in the Norwegian North Sea.
TWMA to double processing capacity
TWMA is set to double its processing capacity after having its onshore processing licence increased.
50 years on and North Sea licensing still attracts strong response
North Sea licensing began 50 years ago. Despite the half-a-century stretch, the 28th licensing round solicited a positive response, reinforcing sector confidence.
Wood Group PSN to cut contractor rates by 10%
Wood Group PSN (WGPSN) confirmed plans to cut the rates it pays to its UK-based onshore contract workers by 10%.
Leni Oil & Gas strikes hydrocarbons in Trinidad field
Leni Oil & Gas has confirmed its Gourdron field in Trinidad resulted in a hydrocarbon find.
Statoil completes Shah Deniz farm out
Statoil has completed the farm out of its interest in the Shah Deniz field.
AGR lands string of contract wins
AGR today announced its Norwegian consultancy team has landed a string of new contracts.
Statoil abandons wildcat well
Statoil confirmed it will permanently plug and abandon its wildcat well.
Sluggish tender activity hits SeaBird Exploration
SeaBird Exploration, the 2D and 3D seismic surveyor, has posted a 33% earnings drop for its first quarter.
Expro marks major milestone with $2billion order book
Expro today confirmed its order book hit the $2billion mark.