ConocoPhillips announces second oil discovery in Senegal
Cairn Energy said initial analysis shows the well has “excellent reservoir sands” with as much as 118 feet of net oil pay. More »
Transocean expects $2.76 billion in writedowns
Swiss drilling contractor Transocean has written off $2.76 billion in book value for its offshore rigs as it faces falling day rates and weaker demand for deep-water drilling. More »
North Carolina officials host closed meeting on oil drilling
Among those in attendance were top officials from the U.S. Bureau of Ocean Energy Management, which regulates drilling operations and handles the sale and lease of off-shore drilling rights in federal waters. More »
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 »
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