Stena Drilling have signed a contract with Tullow Oil Suriname for the Stena Forth to drill 1 well in Block-47, offshore Suriname. [Read more…] about Drilling contract for Stena Forth
Interocean Marine Services was awarded an integrated contract for the design, procurement and installation of two tri-catenary mooring systems. [Read more…] about Mooring specialist anchors seven figure contract
The price of US oil has turned negative for the first time in history, meaning oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May. [Read more…] about Oil price crashes into negative territory for first time in history
Shell completed its GK Phase 2 project, which involved the drilling of four additional subsea wells tied back to its semi Floating Production System [Read more…] about Shell successfully completed Gumusut-Kakap project in Malaysia
PSA gave Aker BP consent for exploration drilling in block 15/6 in the North Sea. [Read more…] about Aker BP received the green signal for exploration drilling in the Freke-Garm well
Equinor is awarding new service contracts to Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS for integrated drilling and well services on most of the Equinor-operated fields on the Norwegian continental shelf.
[Read more…] about Awarding drilling and well service contracts worth NOK 30 billion
The second offshore platform is undergoing installation for phases 22 to 24 of the South Pars gas field development in the Persian Gulf.
[Read more…] about Second South Pars phases 22-24 platform taking shape offshore Iran
Two weeks after Saudi Arabia said it was targeting $80/bbl oil, this morning Riyadh got its wishes early when Brent hit the Saudi target, jumping as much as 1% to $80.18, following the latest drop in U.S. crude inventories and as traders continued to fret about the consequences of renewed sanctions on Iran.
[Read more…] about Oil jumps above $80 for first time since Nov. 2014
Instellingen en olieproducerende landen verwachten ten opzichte van 2017 een lichte stijging van de olieprijs met $3 naar $54 per vat.
[Read more…] about Olieproducerende landen en instellingen verwachten prijs van $54 per vat in 2018
Opportunities for digitalization are currently being embraced by the oil and gas sector. However, there are few practical use cases of it yet.
[Read more…] about DNV GL applies data analytics techniques to reduce downtime