Images from Decom North Sea More than £40 billion is expected to be spent on decommissioning in the next 25 years in UK waters alone. Dorothy Burke looks at how viewing decommissioning…
The Republic of Gabon’s Ministry of Petroleum announced today that it has selected seven companies to participate in a final round of negotiations for deepwater blocks in the offshore licensing tender round from October 2013. The Ministry said Impact Oil & Gas…
Det norske announced its 2Q 2014 financial results on 17 July. Among other financial highlights and activity, the company discussed its agreement to acquire Marathon Oil Norge for US$2.1 billion. Announced 2 June 2014, the transaction is expected to close 4Q 2014…
Paul de Leeuw, a visiting Professor at Aberdeen Business School, has been appointed as the first director of Robert Gordon University’s International Institute for Oil and Gas. With extensive experience in the oil and gas industry Professor de Leeuw will take up his new role in July…
Hess Corporation is set to complete its transition into a pure-play exploration and prodution company after agreeing a deal to sell its retail business to Marathon Petroleum Corporation for US$2.6 billion. Hess says the business unit…
Houston-based Noble Energy has contracted Norway-headquartered Aker Solutions to provide umbilicals and subsea equipment for use in the Gulf of Mexico and offshore Israel. In the deepwater Gulf of Mexico, Noble Energy sanctioned two subsea…
Marathon Oil has said it is to start marketing its UK North Sea and Norway assets as part of a continued portfolio optimization strategy. Marathon Oil president and CEO Lee Tillman said the move came as the business was focusing activity on US resource plays…
A group of operators in the North Sea is taking a joint approach to barrel chasing through well intervention. Could other regions do the same? In many cases, total annual production associated with well intervention operations exceeds annual production from new wells drilled in the same year…
Lundin Petroleum, through its wholly-owned subsidiary Lundin Norway, posts the completion of wildcat well 6608/2-1S. The well was drilled in PL330 about 60km east-southeast of the Aasta Hansteen gas field in the Norwegian Sea. The exploration well 6608/2-1S…
Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), announced the completion of wildcat well 6608/2-1S. The well was drilled in PL330 about 60km east-southeast of the Aasta Hansteen gas field in the Norwegian Sea…
Marathon Oil Corp. announced that CEO, Clarence Cazalot Jr., will retire at the end of this year and will be replaced by Exxon Mobil Corp. executive, Lee Tillman. Cazalot will continue to serve as executive chairman until December 31…
Nina M. Rach COLLOQUY: Editor's Column 'Innovation isn’t about new products, it’s about changing behavior,” explains Tom Koulopoulos, author of eight business books on the intersection of business and technology, including Cloud Surfing (2012) and The Innovation Zone (2011)…
Gretchen Watkins who recently took over from the retiring Jim Bowzer as Marathon's VP North America production operations.
Currently VP of International Production Operations (IPO), has taken over from the retiring Jim Bowzer as Marathon Oil’s VP North America production operations. Mitch Little, Marathon’s Norway business manager, succeeds Watkins as VP international production operations.
Against a background of continuing financial uncertainty the oil price remains reasonably high, as does the level of activity in the North Sea, particularly in Norway with the planned development of the substantial Johan Sverdrup find. Reserves estimated at 1…
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