ExxonMobil has acquired a 75% stake in Impact Africa’s Tugela South Exploration Right off the eastern coast of South Africa.ExxonMobil has also secured a one-year permit to study the hydrocarbon potential of the deepwater Durban Basin, which covers approximately 12.4 million acres.
EMGS has signed a US$12 million data acquisition contract extension with Brazil’s Petrobras. Data acquisition is underway and should be completed by the end of this month.
Risk experts and ship classification societies DNV and GL will unite under the banner DNV GL Group. The new company, to be headquartered in Norway, aims to increase service offerings and global competence base.
Helix Energy Solutions Group has encountered 100ft of high-quality net oil pay in the Wang exploration well, 93 miles off the Louisiana coast in Green Canyon block 237. Drilled to a total depth of 18,300ft, Wang will tie-back to the Helix Producer 1 FPU. First production is expected by 2Q 2013.
Heerema Fabrication Group has cut first steel for the US$2.26 billion Cygnus gas field located in the southern North Sea. The steel will be used in the 1600t Cygnus Alpha Wellhead Platform, the first of four. GDF Suez E&P operates the Cygnus partnership with 39…
87% of shareholders approved NOV acquisitionRobbins & Myers shareholders overwhelming approved NOV's acquisition of the company, Robbins & Myers announced on 27 December 2012.Nearly 85.7% of outstanding shares voted for the transaction,…
Peregrino Platform (Photo: Øyvind Hagen / Statoil)Statoil works out $40M Espirito Santo farm-in Statoil has acquired 25% interest in Espirito Santo license BM-ES-22A off Brazil, the company announced on 27 December 2012.Brazilian mining…
Court says Ecuador unlawfully seized blocksConocoPhillips' wholly owned subsidiary, Burlington Resources Inc., has received a favorable decision in the international arbitration filed against Ecuador. The Tribunal, constituted under the…
Svane license to expire due to drilling costsDONG and its partners have decided not to pursue the drilling of an appraisal well at Svane field, opting instead to let the 04/98 Svane license to expire on 1 January 2013.DONG said the decision was based on detailed technical evaluations…
Class societies unite under name DNV GL GroupAn agreement has been signed to merge DNV and GL. The new entity will be called DNV GL Group. It will be one of the world's leading ship classification societies and risk experts in the oil and gas…
UK to resume fracking with control measures The UK's Department of Energy and Climate Change (DECC) announced on 13 December that hydraulic fracturing can resume although the practice will be subject to new controls.The new controls announced…
BG Group appoints Chris Finlayson to top spot BG Group has elevated Chris Finlayson to Chief Executive Officer effective 1 January, the company announced on 13 December 2012.Finlayson came to BG in 2010 after spending 33 years with Royal Dutch Shell…
Rosneft's Moscow headquartersRosneft strikes $28B deal with AAR for TNK-BPRosneft has finalized an agreement to purchase AAR Consortium's (Alfa Group, Access Industries and Renova) 50% stake in TNK-BP for $28 billion, the company announced on 12 December 2012…
Kongsberg Oil & Gas Technologies AS (KOGT), a wholly owned subsidiary of Kongsberg Gruppen ASA (KONGSBERG), has entered into an agreement to acquire 100% of the shares in Apply Nemo AS, an independent supplier of advanced engineering services…
Offshore leasing blocksAnadarko, TAG Oil secure multiple NZ leases New Zealand's government has awarded 10 exploration permits during its 2012 block offering, the country's petroleum and minerals agency announced on 11 December 2012.The ministry said that the block offering…
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