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 »
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 »
Hess announces plans to proceed with $6 billion Gulf project
The announcement comes at a time when many observers have questioned what sliding oil prices will mean for the future of the oil industry. 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 »
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 »
Statoil announces Tanzania gas discovery
The Norwegian energy company has had a presence in Tanzania since 2007. More »
GE to buy helicopter fleet for $1.8 billion
General Electric said it will use the helicopters to transport drilling rig crews to offshore platforms. More »
OneSubsea gets $270 million for Pemex’s first deepwater subsea field
OneSubsea announced Monday that it won a $270 million contract to develop a subsea production system for Pemex that will serve the first deepwater subsea field developed by Pemex, Mexico’s national oil company. More »
Shell begins production from its first deepwater Malaysia project
The project could eventually lead to peak production of 135,000 barrels of oil per day for a joint venture including ConocoPhillips and Shell. More »
Audit: Offshore drilling permit reviews are inconsistent
he federal agency in charge of regulating offshore drilling doesn’t have standardized procedures for reviewing permits and has not finished establishing an electronic program designed to streamline the process, according to government audit. More »
Noble Energy plans Falkland Islands exploration wells
Noble Energy will resume exploration drilling in the Falkland Islands next year, the company announced Wednesday, following evaluation of seismic imaging over its 10 million acres off the cost of the islands east of Argentina. More »
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