As it happens, bad news is usually the most popular, and so it was on Offshore Energy Today this past week too. Namely, the most read article was the one on Statoil cancelling a rig contract with COSL, leaving more than two hundred people out of work. The oil giant has cited overcapacity and inabili
The U.S. independent oil and gas company Noble Energy together with Israeli Delek Group will be allowed to keep control of the giant natural gas deposit in the Mediterranean, the Leviathan field. According to Jerusalem Post, the Israeli security cabinet on Thursday unanimously voted in favor of an a
The most popular article on Offshore Energy Today last week was the one about Airbus Helicopters revealing its offshore helicopter of the future. Namely, the company revealed the concept phase start-up for a new European helicopter, the X6, at the Paris Air Show. According to Airbus Helicopters, ent
Wood Group has been awarded an offshore maintain potential programme contract by Saudi Aramco for greenfield and brownfield engineering services, procurement, and construction management support for new facilities in the Arabian Gulf. The six-year contract, which includes options for two three-year
Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year, consultancy Ernst and Young said on Tuesday.
AgustaWestland, an Anglo-Italian helicopter manufacturing company, has delivered two AW189 super medium helicopters to Falcon Aviation Services (FALCON) of Abu Dhabi, in offshore transport configuration. The company says that the deliveries and entry into service in the UAE of the AW189 was marked b
The government of Republic of Cyprus informed that the first phase of the multinational search and rescue (SAR) exercise “NEMESIS 2015”, in which Cyprus, Greece, Israel, and the United States of America participated, has been completed today. In this phase, according to Cyprus’ press and information
Emirates National Oil Company Ltd. (ENOC) has launched an offer to buy all Dragon Oil shares it doesn’t already own. ENOC already owns approximately 53.9 per cent of the existing share capital of Dragon Oil. Dragon Oil is an independent oil and gas exploration and production company with its main as
This week’s most popular Offshore Energy Today article is the one on Chevron hitting more hurdles with its Big Foot project in the Gulf of Mexico. Namely, more subsea tendons, which were to be used for the mooring of the Big Foot platform, sank to the bottom of the sea, delaying first oil from the [
Some 50% of crews working on offshore support vessels are willing to compromise safety rather than say ‘no’ to clients or senior management, while nearly 80% believe commercial pressures could influence the safety of their working practices. The chilling findings, released to coincide with this week
The most popular article on Offshore Energy Today in the first week of June was a story about production delay from Chevron’s Big Foot platform due to damage to subsea installation tendons. This was followed by Statoil’s Energy Perspectives 2015 report that outlines a possible way to meet the 2-degr
The 167th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Friday, 5th June 2015, where it was decided the oil production of the member countries would be kept at 30 million barrels per day ceiling. “Member Countries, in agreei
Italian oil and gas company Eni and Egyptian General Petroleum Corp, EGPC have signed an oil and gas exploration deal, following a memorandum of agreement penned in March, earlier this year. Egypt’s energy ministry said that newly signed deal “is a prelude for the finalizing procedures of petroleum
140 billion cubic meters of natural gas produced together with oil is wastefully burned or “flared” at thousands of oil fields around the world, DNV GL says. The company, citing World Bank data, claims that this is the equivalent to the combined gas consumption of Central and South America in 2013.
