News
Subsea 7 to cut 2,500 jobs globally
Offshore engineering company Subsea 7 has announced plans to cut 2,500 jobs globally by early 2016, citing tough business and...
Read moreTechnip chosen for BP’s Thunder Horse South oil field project in Gulf of Mexico
BP Exploration & Production has selected Technip for the Thunder Horse South drilling quarters unit expansion project in the Gulf...
Read moreEnvironmental groups oppose Belize’s new draft proposals for offshore drilling
The Government of Belize's new draft proposal allowing companies to conduct offshore exploration for oil and gas near the Great...
Read moreOil prices dip on Tuesday over Saudi Arabia’s strong crude production reports
Oil prices dropped on Tuesday following reports of rise in crude production by oil exporter Saudi Arabia which pumped 10.308...
Read moreShell obtains conditional approval from US regulator to drill for oil off Alaska
The Anglo-Dutch company Royal Dutch Shell has received conditional approval from the US regulator Bureau of Ocean Energy Management (BOEM)...
Read moreWintershall awards $300m contract to Subsea 7 for Maria field development in Norway
Wintershall Norge has awarded a $300m contract to Subsea 7 for the company's Maria field development located in the Norwegian...
Read moreOil price slips below $65 over signs of shale oil production recovery in US
Oil price fell below $65 a barrel on Monday amidst fresh oversupply concerns with some US shale oil operators looking...
Read moreFairfield Energy to shut Dunlin oilfield in North Sea
Fairfield Energy has announced plans to shut its Dunlin Alpha platform in the North Sea due to low oil prices,...
Read moreTracerco’s scanner completes deep-water deployment on Shell-operated flowlines in Gulf of Mexico
Discovery, the subsea CT scanner developed by Tracerco has completed the first deep-water deployment on flowlines operated by Shell in...
Read moreUS DoE approves Dominion Resources’ Cove Point LNG export project
US Department of Energy (DoE) has approved the export of domestically produced liquefied natural gas (LNG) from Dominion Resources' Cove...
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Oil and Gas Advancement is an information centric knowledge sharing platform focused on the latest news in the B2B oil and gas sector bringing to our audiences B2B updates on upstream, downstream, pipeline and transport categories providing information on the latest projects and developments.