Pacific Rubiales Energy Corp. opted to acquire a 35% interest in Block S-M-1166 held by Karoon Gas Australia Ltd. through the funding and participation in the Bilby-1 exploration well, in the Santos Basin off Brazil.Click to view larger…
Aker Solutions acquired Aberdeen-based well control equipment firm Enovate Systems for an undisclosed amount. Aker plans to develop Enovate as an independent supplier of components and products that can be used for open water workover, riser workover…
Oilfield activity in the Mediterranean region was disrupted by extreme political events last year across northern Africa. The ‘Arab Spring’ revolutions in Egypt, Libya, and Tunisia, as well as the continuing conflict in Syria shut down most non-essential activity…
EPC Offshore won subsea company of the year at Subsea UK’s seventh annual award ceremony held in Aberdeen during Subsea 2013. Photographed below is Keith Wallace, EPC Offshore’s CEO with the award, accompanied by Carole Innes, business development manager at Brewin Dolphin…
Bob Peebler Following his departure from ION Geophysical, former president, CEO and executive chairman, Bob Peebler launched his own consultancy firm, The Peebler Group, in January. After 40 years in the industry, Peebler says the idea…
Eleven panel sessions will give visitors to the SPE Offshore Europe 2013 conference unprecedented access to hear the views of top industry executives, government ministers and discipline specialists.The panel sessions will all aim to respond to the conference theme…
The latest Gulf of Mexico Lease Sale 227 held Wednesday drew $1.2 billion in high bids for tracts spanning the coasts of Louisiana, Mississippi and Alabama. Statoil was the highest bidder on 15 leases, the company announced on 20 March 2013…
Cairn Energy PLC announce it will farm-in as operator of three blocks offshore Senegal in West Africa. This transaction will add a number of drillable prospects to the frontier exploration inventory and drilling program in the next 18 months…
OE Magazine’s parent company, AtComedia, closed the acquisition of the annual oil and gas event, PECOM (Petroleum Exhibition and Conference of Mexico) from International Exhibitions, Inc., the company said on March 19, 2013. The conference…
Eni recently renewed its energy research partnership with the Massachusetts Institute of Technology Energy Initiative (MITEI), establishing a new path forward for this highly successful collaboration. This alliance provides an opportunity…
ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS)…
Global oil and gas service provider AGR boosted its Australian business with the launch of a new division within the region and growth of its existing Perth-based offer. David Grant (Image: AGR)AGR’s new Subsea Project Management division enhances the company’s current service portfolio…
All American Aviation LLC will be the first helicopter operator to provide offshore oil and gas transport service in the Gulf of Mexico using new Eurocopter AS350B3e AStar helicopters, American Eurocopter announced on 7 March 2013.AS350B3e…
Mozambique puts licensing terms under review Mozambique is in the process of updating its licensing regulations ahead of its 4th Licensing Round. Arsenio Mabote, Chairman, Instituto Nacional de Petroleo (INP, the national oil company of Mozambique)…
Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquires 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by ExxonMobil, under an agreement signed by the two companies. Rosneft President Igor I…