The incident happened during routine maintenance operations on Fieldwood Energy's Echo platform around 3 p.m. Nov. 20.
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 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.
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 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 announced that the offshore platform Cidade de Ilhabela started up on Thursday in the Santos Basin presalt field of Sapinhoá.
Ocean Installer has been awarded a contract for an umbilical installation project with Oceaneering for LLOG on the Delta House project.
EMGS has received a contract worth $1.5 million for a research project in Brazil.
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
Australian minnows Neon Energy and MEO Australia have decided to merge into a 50:50 new entity.
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.