Fatal Explosion On Echo Happened During Maintenance Work

The incident happened during routine maintenance operations on Fieldwood Energy's Echo platform around 3 p.m. Nov. 20.

Technip’s 50% Markup For CGG Is Enough To Start Talks

Even though CGG said the conditions to pursue a transaction with Technip weren’t met, investors are betting the deal will still get done and that price isn’t the issue. 

Statoil Cancels Rig Contract Offshore Angola

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola, the company said in a news release.

Russia Has No Plans Yet To Cut Oil Production

Output of 505 million metric tons is equivalent to about 10.1 MMbbl/d, while Saudi Arabia’s output last month was 9.75 MMbbl/d last month, according to Bloomberg estimates. Oil and gas account for more than half of Russia’s budget revenue.

Technip Seals Pipe Deal For Iracema North Field

Technip has been awarded a contract from the Tupi BV consortium for the ongoing development of the Iracema North Field in Brazil’s Santos Basin presalt area, a news release said.

Petrobras Starts Up Cidade De Ilhabelha FPSO In Santos Basin

Petrobras announced that the offshore platform Cidade de Ilhabela started up on Thursday in the Santos Basin presalt field of Sapinhoá.

Ocean Installer Awarded Contract For SURF Job In GoM

Ocean Installer has been awarded a contract for an umbilical installation project with Oceaneering for LLOG on the Delta House project.

EMGS Receives Contract For Brazil Research Project

EMGS has received a contract worth $1.5 million for a research project in Brazil. 

Explosion At Echo Oil Platform In GoM Kills One Person

An explosion at a Gulf of Mexico (GoM) oil and gas platform operated by Fieldwood Energy LLC killed one person and injured three others, according to the Bureau of Safety and Environmental Enforcement (BSEE).

Business Briefs for Nov. 20

Business Briefs for Nov. 20

Aussie Minnows To Merge

Australian minnows Neon Energy and MEO Australia have decided to merge into a 50:50 new entity.  

Oil Price Hike And Tough Trading Hits Granite City

The strength of the oil industry has insulated Aberdeen from much of the economic woes which have hit other parts of the UK, but a big wave of belt-tightening has now begun here.