International oil major Shell has made a US$70 billion cash and share offer for UK-headquartered deepwater and LNG-focused BG Group in what is one of the first supermajor deals since the early 2000s. The move, which offers a 52% premium to BG Group's share price…
Well drilling and management specialists Acona UK have completed a two-well campaign for Perenco UK in the Southern North Sea. The seven-month campaign, using the Transocean GSF Monarch jackup, drilled a subsea well on the Leman field…
Heather Saucier examines the effect of regional energy policies on Latin America’s rich untapped resources, estimated to be some 126 billion bo and 679 Tcf of natural gas, a large majority of which is offshore. Piñon…
Statoil hit big at its eighth discovery offshore Tanzania at the Mdalasini-1 exploration well, with an additional 1-1.8 Tcf of natural gas. Map of Block 2. From Statoil. Mdalasini…
To meet the growing demands by operators for greater operational efficiency and public confidence in the integrity of offshore and onshore oil and gas structures, Lloyd’s Register Energy is increasing its structural engineering capabilities…
Long a bastion of Mediterranean oil and gas exploration and production, Italy's Edison is close to completing a deal on its latest assets in the UK North Sea and is eyeing its third hub in the wider North Sea region. Taking time out…
The first signs of a recovery in the oil price have been seen and opportunities are opening up in the Mediterranean for Europe to significantly reduce its reliance on energy imports, delegates at the 12th Offshore Mediterranean Conference (OMC 2015) heard this morning…
More than 14,000 oil industry professionals are expected to descend on the Italian city of Ravenna this week for the bi-annual Offshore Mediterranean Conference, starting today (25). The city is home to the country’s offshore oil and gas industry…
The oil and gas industry can deal with low oil prices, up to a point, by making itself more efficient. In contrast, there is little it can do about geopolitics and one of the places that is most evident is the Mediterranean. The region has long been home to oil and gas production…
UK-based North Sea explorer Independent Oil and Gas (IOG) has added the Hambleton discovery to its assets after its license covering block 48/22c was extended by 42sq km. IOG was awarded the block, which also contains the Elgood discovery…
What a difference two years make. Unrest in North Africa, the emergence of US shale and tensions with Russia have all put energy high on the agenda. OE spoke to Offshore Mediterranean Conference (OMC) 2015 chairman Innocenzo Titone about…
The Tamar partners awarded Dolphinus Holdings a US$1.2 billion contract to export natural gas from the Tamar project to Egypt. Tamar field. From Delek. For the first three years of the seven-year contract…
UK Chancellor George Osborne has announced a package of measures to support the North Sea oil and gas industry, which he said was in “pressing danger” from low oil prices. Presenting the UK’s 2015 Budget, Osborne (pictured) said: “It’s…
First production has started from the BG Group-operated Knarr field in the Norwegian sector of the North Sea. Knarr, discovered in 2008, with estimated gross recoverable reserves around 80 MMboe, is being produced from two subsea templates…
Norway's Statoil and its partners on production license 218 in the Norwegian Sea have made a gas discovery close to the Aasta Hansteen development. The Snefrid Nord discovery, estimated to contain 31-57 MMboe, will increase the Aasta…
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