MEO Australia Malaysian-based Brooke Dockyard & Engineering Work Corp. signed an agreement to form a consortium to cooperate to identify and jointly bid on oil and gas exploration and development opportunities within Sarawak and the whole of Malaysia…
Subsea challenges are in focus at this week’s Underwater Technology Conference in Bergen. While the conference examines future oilfield challenges, we take a look back at past innovations in the industry. In the second of a three-part series…
Petro Vista Energy entered into a binding memorandum of understanding (MOU) with Canada-based Maha Energy for the sale of its all of its 37.5% undivided working interest in the exploration and production contract covering the Tartaruga offshore…
BG Group awarded DeepOcean a five-year inspection, maintenance, and repair (IMR) contract. The contract covers all ROV-based IMR work for BG Group on its UK and Norwegian subsea assets. DeepOcean will use vessels from its North Sea-based fleet for work under this contract…
API encouraged congress and regulators to prioritize Arctic offshore oil and natural gas development as the House Natural Resources Committee prepared to hold a hearing on Arctic energy today (16 June). “Arctic oil and natural gas…
Sterling Resources transferred its 40% interest in Block 27 Muridava in the Romanian Black Sea, held by its wholly-owned subsidiary Midia Resources SRL, to Petroceltic's Romanian subsidiary. Approval of the transaction has been received…
Northern Petroleum announced that the environmental impact assessments (EIA) for its three remaining exploration permit applications in the southern Adriatic have been approved. These approvals are in addition to the two EIA approvals for exploration permit applications announced on 10 June 2015…
Sound Oil, the European- and Mediterranean-focused upstream oil and gas company, has announced the approval of the environmental impact assessment for the award of the D503-BR-CS permit, covering Sound Oil's Dora and Dalla assets in the Adriatic Sea…
MacGregor, part of Cargotec, signed a contract with Daewoo Shipbuilding & Marine Engineering Co. in South Korea to supply a range of Hatlapa deck machinery for 10 172,600cu m liquefied natural gas (LNG) carriers. MacGregor will deliver electrically-driven deck machinery…
AGR released new functionality for its bespoke well data software, iQx that will improve the analysis of spatial well data by using data collected from more than 6000 wells drilled on the Norwegian continental shelf. The new GEO module is aimed at geologists and petroleum engineers…
Shell has cleared its first hurdle in order to progress its takeover of BG Group, the supermajor announced on 16 June. Shell received an early termination of the US antitrust waiting period from the US Federal Trade Commission. The company…
Europa Oil & Gas' Porcupine basin off Ireland is valued at US$1.6 billion and potential resources of 1.49 billion boe, according to an independent assessment by ERC Equipoise (ERCE). Map from Europa…
Tropical storm Bill in the Gulf of Mexico (GOM) is causing rig evacuations. The storm is 300mi wide, with winds up to 50 mph and rainfall from 6-10in in some areas. Tropical Storm Bill (2015). From NOAA's National Hurricane Center Facebook…
More woes for the Norwegian oil and gas industry as Statoil announced it would cut potentially 1100-1500 permanent positions and 525 consultants by the end of 2016. 'We regret the need for further reductions, but the improvements are…
The last few years have seen significant advances in reservoir modeling technology, aiming at removing some of the critical bottlenecks in underlying work processes. Ingrid Aarnes. Given…
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