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CGG and the wider industry need to reinvent the way they work with customers, taking a more partnership-style approach, the CEO Jean-Georges Malcor said.
While many upstream companies have pulled back from conventional offshore exploration and development activity, Eni has stuck to what it knows best, according to the company’s chief exploration officer.
The two companies have teamed up to push out a modular well completions system for the offshore oil and gas industry.
The Talamona manufacturing plant in Italy has been equipped with a completely automated production line as well as additive manufacturing capabilities.
Wartsila joins with Gasum to develop LNG distribution network for industrial sector.
Norway’s Polarcus has been hired to conduct a 3-D marine seismic survey offshore Egypt.
Various subsea equipment will be delivered throughout 2015 and 2016.
GE Oil & Gas has invested more than $20.5 million across its subsea manufacturing facilities in Montrose, Scotland, in a move to enhance its business’s test and assembly and manufacturing capabilities.
Ceona has successfully installed a 570-mt multiple pipelay vertical lay system (VLS) and twin 400-mt cranes onto its next-generation flagship asset, the Ceona Amazon.
Kosmos Energy is taking a fresh look at a handful of new and existing exploration prospects in frontier waters offshore Ireland, according to partner Europa Oil & Gas.
Tullow estimated the development phase of the project would cost $5.2 billion, of which $3 billion will be required to reach first oil production, Reuters reported.
Subsea services group Acteon acquired Bruce Anchor, boosting its ability to provide temporary and permanent mooring systems. The acquisition was completed Dec. 21, 2016.
Statoil ASA (NYSE: STO) plans to drill about 30 exploration wells in 2017, an increase of about 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS).
By acquiring participating interest in seven licenses in the Norwegian Sea's Njord area, including 20% increased interest in Njord Field, from Engie E&P Norge AS, DEA strengthened its position in Norway, the Germany-based company said Dec. 23.
Faroe's portfolio includes about 60 drilling, evaluation, development and production licenses for oil and gas in the North Sea, in Norway and in the U.K., Reuters reported.
A Statoil spokesman told Reuters the company is evaluating its work in the region and that no decision has been made on whether or not to continue drilling there as an operator.
Output has been cut several times from 53.9 Bcm in 2013 as criticism mounted that Dutch authorities had failed to adequately assess the risk to citizens from earthquakes caused by production, Reuters reported.
Athens tendered 20 offshore blocks in 2015 in the Ionian Sea and south of the island of Crete for deepsea oil and gas drilling, and unsealed the offers in February, Reuters reported.
Discovered in 2000, the field was named after a 19th century Kazakh poet, Kashagan Kurzhimanuly. With its production difficulties, the field has lived up to its name, which means "restive, uncontrollable."
Rowan will supply two more rigs in late 2018 and Saudi Aramco will make a matching cash contribution, Reuters reported.
After meeting in August, Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin hope to remove some barriers preventing the development of a number of joint projects, especially the planned Turkish Stream gas pipeline under the Black Sea.
The Norwegian Petroleum Directorate is facilitating a competition in hopes of strengthening its technological expertise and capacity.
Subsea technology provider Forum Energy Technologies (UK) Ltd. has unveiled a deepwater test facility and received industry accreditation for the calibration laboratory at its new European Operational Centre in Aberdeen.
The Irish government has offered 14 new licensing options in the Irish offshore following the conclusion of the 2015 Atlantic Margin Licensing Round.
Hansa Hydrocarbons has taken its first steps into the Danish offshore sector with the provisional award of two new licences in the country’s seventh licensing round.
S-92 flights were also stopped on the other side of the North Sea, in Britain, with Royal Dutch Shell Plc saying it was working on alternative flight provision, Reuters reported.
Jakub Korczak joined the company, which owns and operates projects in Tunisia and Romania, in 2009.
Tullow Oil named Les Wood, vice president of finance and commercial, as interim CFO as its finance chief Ian Springett takes an extended leave of absence for medical treatment.
"The discussions between the government and Maersk are still ongoing, and we hope to reach a final settlement in the beginning of next year," Minister of Energy and Climate Lars Christian Lilleholt said in a statement.
The new production license replaced the previous five-year special permit for exploration, which expired on Dec. 25, 2015.