Statoil suspends two North Sea oil rigs
Statoil won’t use the Transocean Spitsbergen and Songa Trym rigs from mid-November through at least the year-end because of overcapacity. More »
Statoil projects big returns from massive North Sea oil field
The Norwegian oil conglomerate estimates the field could generate as much as 650,000 barrels of oil per day. More »
Hercules Offshore to lay off 324 workers
Houston-based drilling rig contractor Hercules Offshore has told Texas regulators it will lay off 324 employees as it shuts down four rigs in the Gulf of Mexico. More »
Shell Midstream surges in early trading
Shell’s midstream initial public offering took flight early Wednesday, gaining more than 40 percent shortly after trading started. More »
Oil & gas industry standards could be beneficial, but obstacles abound
Standards sound great, but I see obstacles to their adoption. I’ll outline those this week, and, since no one likes people who complain about problems but never offer any solutions, I’ll share some thoughts on how to overcome these issues. More »
Getting new oil means fathoming the deep
Finding the oil is just the beginning, especially in the depths of the sea. More »
Chevron, BP make oil discovery in Gulf of Mexico
Chevron and BP report an oil discovery in one of the deepest regions the industry has taken on in the Gulf of Mexico. More »
BP, GDF Suez discover new field in UK North Sea
The UK North Sea is an area that BP CEO Bob Dudley said last month “is now mature,” and that investment opportunities “are smaller and more challenging to develop than in the past.” More »
Shell makes deepwater gas discovery in Gabon
Royal Dutch Shell today announced a discover off the coast of Gabon but says it will need to conduct further analysis to determine just go much gas is present. More »
Oil firms reach for subsea standards to cut costs, FMC CEO says
The next generation of tools designed to help energy companies process oil and gas deep under the oceans could follow uniform industry designs, FMC Technologies CEO John Gremp said. More »
FMC Technology profit rises 46 percent
FMC Technologies on Tuesday posted a 46 percent boost to its third-quarter bottom line, largely because of a rise in subsea technology sales and its North American high-pressure fluid control business. More »
Feds settle Gulf pollution case
A Houston oil and gas company must pay to settle government charges alleging it illegally dumped oil and chemicals into the Gulf of Mexico.
More »
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