CSSC, Zentech sign LOI for two mobile offshore units

CSSC Huangpu Wenchong Shipbuilding Company Limited has received a Letter of Intent from Zentech Inc. of Houston for the building of two Z-210 mobile offshore units. More »

GE Oil and Gas expands services pact with Cheniere’s Corpus Christi LNG

GE Oil and Gas signed a $610-million agreement with Corpus Christi Liquefaction, a subsidiary of Cheniere Energy, to provide spare parts and planned inspections, maintenance services and technical support for the gas turbines and refrigerant compressors on the first two LNG trains currently under construction at the Cheniere’s LNG export facility in Corpus Christi, Texas. More »

Gazprom Neft introduces new technology in seismic modeling

Gazprom Neft has started using “ray trace” modeling technology in its seismic surveys. The outcomes of initial testing at Novoportovskoye field led to the decision being taken to implement the technology throughout all fields operated by Gazprom Neft. More »

BLM approves first federal production well in National Petroleum Reserve

The Bureau of Land Management (BLM) has approved a drilling permit and offered a right-of-way grant (ROW) for the proposed Greater Mooses Tooth Unit oil and gas development project (GMT1), opening the way for the first production of oil and gas from federal land in the National Petroleum Reserve in Alaska (NPR-A). More »

TGS acquires Digital Petrodata

TGS announced Friday that its Geological Products division purchased all the outstanding shares of Digital Petrodata LLC. More »

NPD commissions study on unmanned wellhead platforms

A new study will look into the benefits and disadvantages of unmanned wellhead platforms, the Norwegian Petroleum Directorate said Friday. More »

Halliburton’s Baker deal faces Australian regulatory hurdle

Halliburton Co.’s proposed purchase of Baker Hughes Inc. faces further regulatory scrutiny after Australia’s competition watchdog raised concerns that the $34.6-billion deal would shrink the number of suppliers for oilfield goods and services, particularly for offshore drilling. More »

BHP seen approaching an MandA ‘sweet spot’ in hunt for deals

BHP Billiton Ltd. is snapping up oil-exploration prospects from the U.S. to Australia and flagged this week that it’s seeking to make more similar investments. There’s speculation it’ll also target deals for operating wells and mines. More »

Beach Energy agrees to buy Drillsearch for $277 million

Beach Energy Ltd. agreed to pay A$384 million ($277 million) in stock to acquire Drillsearch Energy Ltd. to increase its exposure to energy assets in Australia’s Cooper basin. More »

BLM approves first federal production well in the National Petroleum Reserve

The Bureau of Land Management (BLM) has approved a drilling permit and offered a right-of-way grant (ROW) for the proposed Greater Mooses Tooth Unit oil and gas development project (GMT1), opening the way for the first production of oil and gas from federal land in the National Petroleum Reserve in Alaska (NPR-A). More »

GE Oil and Gas signs expanded contract service agreement with Cheniere Energy

GE Oil and Gas has signed a $610 million agreement with Corpus Christi Liquefaction, a subsidiary of Cheniere Energy, to provide spare parts and planned inspections, maintenance services and round-the-clock technical support. More »

C-Innovation ROVs on track with Sonardyne SPRINT INS

C-Innovation, an integrated marine services company, has placed a major order for SPRINT Inertial Navigation Systems (INS) from Sonardyne International Ltd. More »

Wison Offshore and Marine achieves keel-laying of first China-made FSRU

Wison Offshore and Marine Ltd. has announced that a ceremony was held to celebrate the keel-laying of the EXMAR FSRU project, a barged-based floating LNG regasification unit, in the dry-dock of Wison Offshore and Marine. More »

Emerson launches new wireless-based corrosion monitoring system

Emerson Process Management has launched an innovative new corrosion monitoring system for refineries. More »

Pre-salt production tops 1 MMboed, Petrobras says

Production of oil and natural gas from facilities operated by Petrobras in the pre-salt layer exceeded 1 MMboed during September, with output averaging 1.028 MMboed, and reaching a record level of 1.12 MMboed on Sept. 15. More »

Third-quarter completions down 44% year-on-year: API

Estimated total U.S. oil and natural gas well completions decreased by 44% in the third quarter of 2015 compared to year-ago levels, according to API's 2015 Quarterly Well Completion Report, Third Quarter. More »

Exxon Mobil hits back over inaccurate, misleading climate research stories

Media and environmental activists’ allegations about Exxon Mobil’s climate research are inaccurate and deliberately misleading, the company said in a statement Wednesday. More »

ABB completes Troll A platform's second power-from-shore system

ABB has delivered its second power-from-shore system to Troll A, the world's largest offshore gas platform, which is operated by Statoil and located in the North Sea about 70 km west of the Kollsnes onshore gas treatment plant, outside Bergen. More »

Exxon Mobil’s deepwater Liza find could put Guyana-Suriname basin on the map

With Exxon Mobil reported to be moving the Liza discovery in deepwater Guyana into pre-Front-End Engineering Design (FEED) less than five months after confirming the find, the project has the potential to yield significant returns for investors, according to GlobalData. More »

Offshore still cheaper than shale while oil sands struggle: Rystad

STAVANGER, Norway -- Offshore resources remain attractive for new production with a breakeven price within the range of $60-65/bbl, concludes Rystad Energy’s in-depth October study of more than 20,000 non-producing liquid fields. More »

Offshore still cheaper than shale: Rystad

STAVANGER, Norway -- Offshore resources remain attractive for new production with a breakeven price within the range of $60-65/bbl, concludes Rystad Energy’s in-depth October study of more than 20,000 non-producing liquid fields. More »

Oil and wind join forces in DNV GL-led JIP

The concept of using wind power for offshore oil and gas applications is one step closer to realization. More »

Technip awarded subsea contract for the Layang development offshore Malaysia

Technip has been awarded a subsea contract by JX Nippon Oil and Gas Exploration (Malaysia) Ltd. for Layang field, Block SK10, offshore Sarawak, Malaysia. The field has a water depth of 85 m. More »

Caofeidian 6-4 confirmed as mid-sized oil field, CNOOC says

CNOOC announced Thursday that the Caofeidian 6-4 oil structure in Bohai, discovered in 2014, has been appraised and confirmed as a mid-sized oil field. More »

CGG to start 3D survey in Brazil’s Barreirinhas basin

CGG announced Thursday that it has now received all necessary permits to start acquiring the industry’s first regional broadband seismic survey of the Barreirinhas basin in the Equatorial Margin of northern Brazil in early November. More »

Santos rejects $5.15-billion bid from royal asset manager

Santos Ltd., the third-largest oil and gas company in Australia, rejected a A$7.14 billion ($5.15 billion) takeover offer from an advisory firm that manages assets for Middle Eastern and Asian royals as too low and “opportunistic.” More »

Monster gas field revival sets Norway up for output record

The Troll A platform rocks like a boat as North Sea waves pound its four gigantic concrete legs, but monitors inside the control room show a steady flow of natural gas continues unabated—enough to meet the needs of 10 million homes in Europe. More »

Baker Hughes expects less drilling as it reports $159-million loss

Baker Hughes expects activity in North America to fall this quarter, the company said as it reported a loss of $159 million, or 36 cents per share, for the quarter ended Sept. 30. More »

U.S. offering another $1 billion for advanced energy technology

The U.S. Energy Department is offering another $1 billion to companies developing innovative energy systems, Secretary Ernest Moniz will announce Wednesday. More »

BP agrees to $10 billion deal to supply LNG to China Huadian Corp.

BP Plc agreed to supply liquefied natural gas to China Huadian Corp. in a deal worth as much as $10 billion over two decades. More »

Crude oil declines as U.S. inventories grow most in six months

Oil fell after a government report showed U.S. crude inventories grew by the most in six months. More »

Drillship fatality halts work on Chevron-operated block in Gulf of Mexico

HOUSTON -- A Pacific Drilling employee has been fatally injured on the Pacific Santa Ana drillship in the U.S. Gulf of Mexico. More »

Wood Group Kenny appoints operations V.P. in Houston

HOUSTON -- Matt Kirk has joined Wood Group Kenny as V.P. of operations, bolstering the regional leadership team in the Americas. More »

Ophir kicks off exploration drilling program in Gulf of Thailand

Ophir Energy has commenced its two well exploration drilling program in Block G4/50, in the western Gulf of Thailand, with the spud of the G4/50-10 exploration well on the Soy Siam prospect, the London-based company announced Monday. More »

EMGS nets $7-million contract extension for oil company in Malaysia

Electromagnetic Geoservices (EMGS) has signed a contract extension, worth approximately $7 million, with an oil company in Malaysia. More »

EMGS nets contract extension for oil company in Malaysia

More »

Worst of oil slump over as glut seen shrinking, asset manager says

The worst of the oil-price slump is behind us, according to a unit of Europe’s biggest asset manager. More »

Landmark, CGG announce geoscience technology collaboration

Landmark, a Halliburton business line, and CGG announced a geosciences technology collaboration on Wednesday. More »

EMC enhances leadership team to boost its remote mission-critical communications and content

EMC announces it has appointed several established executives to its global leadership team to further enhance its delivery of mission-critical communications and content to top organizations around the world. More »

Post Oak Energy, Ceja Corporation make $75 million capital commitment to Rimrock

Post Oak Energy Capital and Ceja Corporation have announced a $75 million capital commitment to Rimrock Resource Partners. More »

Updated guidelines reflect industry best practice in well operations: Oil and Gas UK

Oil and Gas UK publishes the second issue of its guidelines on the qualification of materials for the abandonment of wells. More »

Weatherford investors seek ‘more boring’ from oilfield servicer

Weatherford International Plc shareholders are asking the company for one thing this quarter: Please, just be a little more boring. More »

After year of pain, OPEC close to halting U.S. oil in tracks

After a year suffering the economic consequences of the oil price slump, OPEC is finally on the cusp of choking off growth in U.S. crude output. More »

Global Tubing delivers record-breaking coiled tubing string

On October 5, 2015, Global Tubing, LLC delivered its second record‐breaking coiled tubing string to the Port of Houston where it awaits transport to the Middle East. More »

Iran plans 20-year contracts as incentive for energy investments

Iran will pay foreign oil companies larger fees than it did under previous buyback contracts to attract $100 billion of investments needed to rebuild its energy industry. More »

Oil rebounds from two-week low ahead of government supply data

Oil rebounded from a two-week low as traders estimated a seasonal gain in U.S. crude inventories has already been priced in. More »

Schlumberger in $125-million deal for Vorteq hydraulic fracturing technology

Schlumberger Technology Corp. has signed a 15-year deal with Energy Recovery, Inc., which grants Schlumberger exclusive rights to Energy Recovery’s VorTeq hydraulic pumping system, the first hydraulic fracturing manifold (“missile”) built to isolate hydraulic fracturing pumps from abrasive proppants that cause pump failure. More »

TAM runs PosiFrac Toe Sleeve in Utica shale

TAM International—an independent oilfield services company providing inflatable packers, swellable packers, and downhole products—has announced the first run of the PosiFrac Toe Sleeve in the Utica shale. More »

U.S. Water launches new scale, corrosion inhibitors

U.S. Water, a provider of integrated solutions for process efficiency and water treatment, is introducing new ScaleGone and ScaleGone CI, a long-lasting (up to several years), slow release, solid scale inhibitor (SI) and combined SI/corrosion inhibitor (CI) for hydraulic fracturing fluids as well as use in producing wells. More »

Borets introduces AXIOM II VSD to North America

Borets, a leader in the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, has successfully introduced its AXIOM II variable speed drive (VSD). More »

ROC, AWE come up dry with Bohai Bay exploration well

AWE Ltd. announced Tuesday that ROC Oil Company (ROC), the operator of Block 09/05 in China’s Bohai Bay basin, has confirmed that the second of two planned exploration wells in the block, QK12-3-1D, reached the planned total depth of 3,600 m MDRT (measured depth below the rotary table) at 03:00 AEDT on Oct. 18, 2015. More »

Wood Group wins $31-million coalbed methane contract in U.S.

ABERDEEN, United Kingdom -- Wood Group has been awarded a $31-million contract by Carbon Creek Energy on their coalbed methane asset in the Powder River basin in Wyoming. More »

Genel cuts 2015 oil output forecast on Iraq payment delays

Genel Energy Plc, an oil producer in Iraqi Kurdistan, reduced its output forecast for this year after suffering delays to payments for its exports. More »

DNV GL wins in-service contract for Ichthys LNG mega project

DNV GL has secured a contract to provide in-service verification and classification services to a range of facilities at the Ichthys LNG project in Australia. More »

OPEC brings oil price war home in pursuit for Asia’s cash

When it comes to deciding how much to charge Asian oil buyers, OPEC members are showing little regard for tradition. More »

Europe’s big oil is a buy as cuts point to recovery at last

Energy companies are finally starting to come back into favor. More »

Oil bulls maintain momentum as rig cutbacks seen reducing glut

Hedge funds increased bullish oil wagers on speculation that falling investment will diminish the global supply glut. More »

Halliburton cuts more jobs as fracing hit worst in downturn

Halliburton Co. cut another 2,000 jobs in the past month as the worst oil market slump in decades saps demand for work at the world’s largest provider of fracing services. More »

Aqualis Offshore signs up to Decom North Sea

Aqualis Offshore UK Ltd has joined Decom North Sea (DNS) – the industry trade body to promote decommissioning and reuse opportunities throughout the supply chain. More »

TGS reaches 25% acquisition progress mark on Gigante seismic program

TGS announced that it has acquired 46,500 km (25%) of the 186,000 km 2D seismic project, Gigante. More »

Halliburton sales drop 36% as oil downturn reduces fracing

Halliburton Co.’s revenue dropped by 36%, pushing the world’s largest provider of fracing services to a third-quarter loss as the worst crude-market downturn in decades reshapes the industry. More »

Aker Solutions, MAN Diesel and Turbo form subsea compression alliance

Aker Solutions and MAN Diesel and Turbo have agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest oil and gas fields to increase recovery and lower costs compared with conventional platform solutions. More »

Frac truck boneyards: DW Monday

In the desert of New Mexico, just forty miles from producing wells in Artesia, lies an aircraft boneyard filled with the remains of once great aeroplanes. More »

SBM Offshore awarded Browse FLNG turret FEED contract

Technip has awarded SBM Offshore the Front-End Engineering and Design (FEED) contract for three, large-scale turret mooring systems associated with the proposed Browse FLNG development in Australia. More »

Halliburton reports loss as producers cut work in downturn

Halliburton Co., the world’s largest fracing services provider, said it had a third-quarter loss as the volatile North American oil market continued to tumble. More »

Goodrich Petroleum Corp. names Interim CFO

Goodrich Petroleum Corp. announced Monday that it has hired Joseph T. Leary as its interim CFO. More »

Goodrich Petroleum Corp. names Interim CFO

Goodrich Petroleum Corp. announced Monday that it has hired Joseph T. Leary as its interim CFO. More »

Total sells a further 15% interest in Gina Krog field

Total is to sell a 15% interest in Gina Krog field, in Norway, to Tellus Petroleum, a subsidiary of Sequa Petroleum NV. The completion payment will be about $173 million (1.4 billion NOK). More »

Canadian Oil Sands rejects Suncor’s $3.3-billion hostile bid

Canadian Oil Sands Ltd. urged shareholders to reject Suncor Energy Inc.’s C$4.3-billion ($3.3-billion) hostile takeover, accusing the larger rival of undervaluing its business and exploiting undisclosed information about a partnership in making a low-ball offer. More »

Oil volatility sinks to two-month low after run at $50 fails

Expectations for swings in oil prices eased to the lowest in two months after a persisting supply glut checked crude’s advance toward $50/bbl in New York. More »

Iran urges OPEC to cut oil output to raise prices to $70-$80

OPEC member states should cut crude output to boost prices to a range of $70 to $80/bbl, Iran’s Oil Minister Bijan Namdar Zanganeh said, even as his country prepares to ramp up production in the aftermath of economic sanctions. More »

Aker Solutions and MAN Diesel and Turbo form subsea compression alliance

Aker Solutions and MAN Diesel and Turbo have agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest oil and gas fields to increase recovery and lower costs compared with conventional platform solutions. More »

Saudi crude stockpiles at record high amid quest to keep share

Saudi Arabia, the world’s largest oil exporter, is storing record amounts of crude in its quest to maintain market share as it cut shipments. More »