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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.
Fredriksen's private investment vehicle Seatankers bought the new West Mira rig from the Hyundai Samho Heavy Industries Shipyard for an undisclosed sum just one week ago, Reuters reported.
Eni and Total are in a consortium for one of the blocks and ExxonMobil and Qatar Petroleum have joined up for another. Eni will be on its own in a third block. The blocks were offered in the third licensing round held by Cyprus, Reuters reported.
The company also said it was selected alongside other companies to consult on a potential oil and gas pipeline between Iran and Oman, Reuters reported.
The company said proceeds would support investments in drilling, exploration and appraisal programs offshore Ghana, and more will be invested in Kenya, other parts of Africa and South America, Reuters said.
The Nigerian court case is the latest of several inquiries, following those by Dutch and Italian authorities, into the purchase of OPL 245, which could hold up to 9.23 billion barrels of oil, according to industry figures, Reuters reported.
Britain is estimated to have enough trapped shale gas to meet its gas needs for decades. However, the use of fracking is opposed by environmental campaigners, Reuters reported.
Gas supply has become a hot issue following blackouts and brownouts in Australia's eastern states over the past year, and as growth in LNG exports has led to soaring gas prices for manufacturers, Reuters reported.
Oil and shipping conglomerate A.P Moller-Maersk could land a deal with the Danish government on oil and gas operations in the North Sea within days, political sources with knowledge of the negotiations told Reuters on March 7.
"The production of Block 15/06 will reach this year approximately 150,000 barrels of oil per day," Sonangol said in a statement, Reuters reported.
The Valemon Unit partners are Statoil Petroleum AS (operator, 53.775%), Petoro AS (30%), Centrica Resources (Norge) AS (13%) and A/S Norske Shell (3.225%).
Economic development agency Scottish Enterprise is making a push to keep Scotland at the top of the global subsea market, despite the challenges offered by competition from other regions around the world and the harsh realities of the severe industry downturn.
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.
EnQuest is targeting unit operating costs in the low $20s per barrel (bbl) once Kraken is onstream. It brought costs down 17% in 2016 to $24.60/bbl, Reuters reported.
Duncan Livingstone and David Stewart joined the technical support division of plug and abandonment provider Ardyne from Schlumberger, a press release said March 16.
The technology is described by EVTN as a cost effective method to efficiently separate large volumes of solids and liquids—such as oil, water and sand—with different specific gravities without the need of a pressure drop.
Gordon Birrell, who previously headed BP in Azerbaijan, will become COO for production, transformation and carbon in the BP upstream segment, reporting to Looney. Andy Krieger will become the new head of drilling. Krieger, previously vice president for drilling in the Gulf of Mexico, will report to Birrell.
Mark Gillespie has been appointed managing director of Ecosse Subsea Systems, the company said in a news release.