Norwegian oil and gas company Aker BP is switching emphasis from M&A towards exploration, taking a potentially riskier path to increase its resources after years when it has relied on acquisitions to add the bulk of its new barrels.The company…
Equatorial Guinea will offer offshore Block R with the related Fortuna gas development project in the April licensing round, after the concession was reclaimed from Ophir Energy Plc, the oil minister said on Tuesday.Gabriel Obiang Lima told…
Houston based Helix Energy Solutions Group is slated to perform plug and abandonment operations (P&A) work in the Gulf of Mexico following a recent agreement with Marathon Oil.The services company announced Monday that it acquired from Marathon…
Marathon Oil has submitted to the UK Department for Business Strategy and Industrial Strategy a consultancy draft of plans to decommission its Brae Alpha, Brae Bravo, Central Brae, West Brae and Sedgwick offshore facilities. Brae Bravo…
Energy XXI Gulf Coast (EGC) has appointed Douglas E. Brooks as chief executive officer and president effective 17 April 2017. The EGC board concurrently increased the size of the board from six to seven directors and named Brooks to fill the newly-created directorship…
UK-based technical consultancy MMI Engineering discusses issues around passive fire protection integrity, and the launch of a new industry network – PFPNet. Weather erosion of lightweight concrete passive fire protection…
Equatorial Guinea's Ministry of Mines and Hydrocarbons has extended the closing date of its 2016 Licensing Round, due to a 'wave of new exploration interest' thanks to a more positive outlook in the industry. The round, offering 'all…
Marathon Oil has appointed Dane Whitehead executive vice president and chief financial officer, with an anticipated effective date of 6 March. Whitehead, 55, has most recently served as executive vice president and CFO of both EP Energy Corp…
A team of eight salvors have finally made it aboard the stricken semisubmersible drilling rig, which grounded off the Isle of Lewis, off Scotland, a week ago today. The rig grounded early last Monday morning after parting from the tug…
Plans to put a team of eight salvors on board the grounded semisubmersible oil rig Transocean Winner have had to be called off because the conditions are unsuitable to winch them down safely, according to the Maritime & Coastguard Agency…
Damage assessments by Smit Salvage and Transocean staff who boarded the grounded semisubmersible drilling rig Transocean Winner off the Isle of Lewis, Scotland, say two of its fuel tanks appear to have been breached. UPDATE: No pollution has been found at the site…
Houston-based Marathon Oil Corp. has achieved first gas production from its new Alba B3 offshore compression platform, offshore Equatorial Guinea, which will help more than double the company’s remaining proved developed reserve base in the West Africa area…
Jerry Lee discovers how Marathon and ConocoPhillips teamed up to drill difficult deepwater wells in the Gulf of Mexico using a custom MPD system onboard the Maersk Valiant drillship. The drill floor is the heart of the Maersk Valiant…
Earlier this year, Marathon Oil’s North Sea business was issued with an improvement notice after its failure to inspect the integrity of an 8in high-pressure pipe on its Brae Alpha facility. A failure in the pipe on 26 December 2016 resulted…
Ingen Ideas, an Amec Foster Wheeler company, has been awarded an £8 million contract by Marathon Oil for multi-discipline engineering contract on Marathon Oil’s Brae Complex in the North Sea. The contract started in October 2015 and will run for five years…
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