National Oilwell Varco, Inc. announced today that Mark A. Reese resigned on April 29, 2013 as President – Rig Technology to pursue other business opportunities. Pete Miller, Chairman and CEO of National Oilwell Varco, remarked, “In his 33 years with NOV, Mark has literally worked his way up from the field to become the President of our largest [...]
Qatargas has completed eleven years of operations on its offshore facilities without a Lost Time Accident (LTA) – a significant milestone demonstrating the company’s outstanding safety performance. Comprising nine offshore platforms, the Qatargas Offshore facilities supply gas and condensate to the onshore liquefaction plant at Ras Laffan, the largest in the world, with a production [...]
AMEC, the international engineering and project management company, has been awarded a two-year integrated services contract renewal by BP to provide operations, maintenance and project support to the Forties Pipeline System (FPS) in the North Sea. The contract is valued at between £10 million and £15 million per year, depending on activity levels and is [...]
Thailand’s oil company PTT Exploration and Production Public Company Limited or PTTEP revealed the Capital Expenditure and Operating Expenditure for the Company and its subsidiaries for the five-year period from 2013 to 2017 will be approximately $24.67 billion . The majority of investment will be used to develop PTTEP’s organic growth projects in Thailand and [...]
Lee Kian Soo, 67, founder and Executive Chairman of Ezra Holdings Limited today stepped down after helming the company for the past 20 years. He leaves with the Group in a strong position, having achieved revenues of nearly US$1 billion in Financial Year 2012. Succeeding him is corporate veteran Koh Poh Tiong, 66, who assumes [...]
Statoil Petroleum AS has awarded Eidesvik Offshore ASA with a 2 years extension for the LNG fuelled Platform Supply Vessel (PSV) Viking Energy. The contract has further 2×2 years options for extension. The Viking Energy was the first LNG fueled PSV in the world when it was delivered in 2003, and has been on contract [...]
Qatar Petroleum and French oil company Total today signed a Heads of Agreement on Al Khalij field, offshore Qatar, for a further 25 years. Located about 130 kilometers east of the Qatari coast, Al Khalij field was discovered by Total in 1991 and commenced production in 1997 pursuant to an Exploration and Production Sharing [...]
Australia’s Santos has announced a 6% lift in third quarter production to 13.5 million barrels of oil equivalent (mmboe) and record quarterly sales revenue of $851 million. Quarterly crude oil production of 2.6 million barrels was the highest in four years and 6% above the previous quarter due to strong production from Chim Sáo and [...]
Gulf Drilling International Limited (Q.S.C.) (“GDI”) has been awarded a two year contract by Occidental Petroleum of Qatar Ltd. (“Oxy Qatar”) for its Al-Wajba (Gulf-3) Drilling Rig. The rig has been working for Oxy Qatar since 2008. Under the new contract the Al-Wajba will be support of Oxy Qatar’s Idd El Shargi development. GDI’s [...]
Oil & Gas UK and Decom North Sea, co-organisers of the Offshore Decommissioning Conference, have confirmed that this year’s keynote speaker will be Gerry Borghesi, UK/Netherlands Production Manager for ExxonMobil International. Only a few places now remain for the two-day event ,sponsored by Ernst & Young LLP, based at the Fairmont Hotel, St Andrews from [...]
