Euro Oil Giants Rethink Renewable Balance
Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals…
New App Aims to Improve Project Performance
An Aberdeen-based company has created a lessons learned management system that captures critical project data and helps inform the future performance of complex oil and gas developments globally.Prism Energy, which…
Equinor to be ‘Offshore Wind Major’
The multi-billion capital investment by Equinor at its new Dogger Bank Offshore Wind Farm will see it rival its major oil and gas projects, according to Rystad Energy."The offshore wind project Dogger Bank in the…
Aqualis Offshore Establishes Office in Australia
Marine and offshore engineering consultancy Aqualis Offshore has set up an office in Perth, Western Australia, to support oil and gas developments in the Australasia region.“We have supported important projects offshore…
Equinor Eyes Chevron's Stake in Rosebank Field
Norway's Equinor is interested in buying Chevron's stake in Rosebank, an oil and gas field in the British part of the North Sea, two sources close to the process told Reuters.Chevron on Wednesday said that it had received interest from a potential buyer for its 40
Chevron Receives Interest in Major North Sea Field Stake
U.S. oil group Chevron has a potential buyer for its stake in one of the UK North Sea's biggest oil and gas developments, a company spokeswoman said on Wednesday.The sale of its 40 percent stake in the Rosebank project…
Despite Sanctions Relief, Shell Still Cool on Iranian Oil Buys
Royal Dutch Shell has bought only three cargoes of Iranian oil since sanctions were eased a year ago, a small fraction of what it used to buy and an indication of the legal difficulties and high prices that still hamper the trade.
Aker Solutions, Det norske and Subsea 7 Form Development Alliance
Aker Solutions, Det norske oljeselskap and Subsea 7 agreed on a "one for all, all for one" collaboration model that marks a major shift in how an operator and its suppliers can work together on oil and gas developments offshore Norway.
BP Awards Bibby Combined Diving Campaign
Bibby Offshore, a subsea services provider to the oil and gas industry, says it has secured a 15-day project with BP, due to commence in August 2016. The contract will see diving support vessel Bibby Topaz, working…
GE, Technip Ink LNG Project Deal
TGE Oil & Gas (NYSE: GE) and Technip (Euronext: TEC) have today signed a Memorandum of Understanding for a joint project to explore areas to co-develop digital solutions for the LNG industry, with a particular focus…
Aker Solutions, LR Partner on Subsea O&G Engineering
Lloyd’s Register (LR) and Aker Solutions collaborate under a new global framework agreement to drive efficiency in engineering and subsea oil and gas developments. With this new global framework agreement in place…
Harding to Supply Lifeboats for Johan Sverdrup
Statoil has awarded Harding a contract for delivery of the nine free-fall lifeboats needed for the first phase of the Johan Sverdrup North Sea development. The contract comprises nine FF1200- lifeboats, with nine corresponding LA 1200 SU davits…
Aker Solutions 1Q 2015 Revenue Up
Aker Solutions announced their Financial Results for the first quarter of the current calendar year. * EBIT margin ex. Aker Solutions' revenue rose 14 percent to NOK 8.5 billion in the first quarter of 2015 from a year earlier…
Sorokin heads Gazprom Gazobezopasnost
Anatoly Sorokin was appointed Director General of Gazprom Gazobezopasnost. Anatoly Sorokin was born in the Orenburg Region in 1960. He graduated from Kuibyshev Polytechnic Institute in 1983, majoring in Technology…
Aker Solutions Post 4Q 2014 Results
*EBIT margin ex. Aker Solutions revenue rose 21 percent to NOK 9.2 billion in the fourth quarter of 2014 from a year earlier, helped by strong progress on major projects across the global business. Earnings before…
Cost Blowouts on Norway's New Oil Developments
Several key oil and gas developments in Norway will cost much more than earlier expected and fields with approved development plans are now seen 10 percent more expensive than originally planned, the oil and energy ministry said on Wednesday.
Platts Mulls Oil Benchmark Changes
Platts proposing FOB Straits benchmarks to replace FOB Singapore. New benchmarks aimed at storage growth in Malaysia, Indonesia; move could boost liquidity and lower storage costs. Oil pricing agency Platts is consulting…
Kvaerner, KBR Partner for Johan Sverdrup Contracts
Kvaerner and KBR, Inc. will establish a joint venture to competitively bid on offshore platform topsides contracts for the Johan Sverdrup field development offshore Norway, the companies announced. The alliance combines…
BP-led Consortium Awards $750m Gas Contract
A consortium led by British oil company BP has awarded construction and supply contract worth $750 million to help to develop the Shah Deniz II gas field in Azerbaijan, a project that offers Europe a chance to cut reliance on Russian gas.
$750 Mln for Shah Deniz Gas Project from BP-Led Consortium
A consortium led by British oil company BP has awarded construction and supply contract worth $750 million to help to develop the Shah Deniz II gas field in Azerbaijan, a project that offers Europe a chance to cut reliance on Russian gas.
