BP said on Monday it has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil, as part of the supermajor’s plan to divest more than $10 billion in global assets over the next two years.Under the terms of the deal…
South Africa’s smallest commercial port, the Port of Mossel Bay is well equipped to provide value following global energy giant Total’s significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin…
Caspian Sea focused Dragon Oil has awarded a US$100 million contract to offshore support vessel (OSV) firm Topaz Energy and Marine for use of six vessels. Dragon Oil is the upstream oil and gas subsidiary of Emirates National Oil Company (ENOC)…
The Aberdeen, Highlands & Islands branch of the Energy Institute (EI) will host its annual MSc Student Best Paper competition for postgraduate students in Aberdeen next Tuesday night (29 November). The is organized by the EI branch to…
Elaine Maslin examines new UK government funded seismic shoots and data reprocessing, all free to the industry, which are among initiatives aimed at boosting UK Continental Shelf exploration. Seismic…
SDX Energy is dropping its 35% stake in the Dana Petroleum-operated Bakassi West block in the Rio Del Rey basin offshore Cameroon, after failing to make an oil discovery in late-March at the shallow-water Manatee-1X well. SDX’s decision…
GeoPartners, in partnership with MAGE, Seabird Exploration and DownUnder GeoSolutions (DUG), has announced the completion of the acquisition of a new Ireland/UK multi-client 2D seismic survey. This is the first broadband long offset cross border survey of its kind…
GeoPartners, in partnership with MAGE, Seabird Exploration and DownUnder GeoSolutions, have acquired a new regional multiclient 2D (MC2D) seismic survey entitled North Celtic Sea 2015. This Ireland/UK cross-border project is located mostly in the Irish North Celtic Sea and St…
LR Senergy has been awarded a number of contracts worth a combined US$7 million in the Middle East, Europe and Asia. The new contracts include work with Abu Dhabi Marine Operating Co. (ADMA-OPCO), the Kuwait Energy Co. and Dragon Oil These…
Global upstream oil and gas deal activity, including capital markets and mergers and acquisitions (M&A), totaled US$19.3 billion from 125 transactions in June 2015, marking a $4.3 billion decrease in value from the $23.6 billion across 119 deals posted in May 2015…
While at first the oil price seemed to spur a rash of big M&A deals in 2014 and early 2015, analysts at GlobalData and IHS say the market could slow if the oil price doesn’t increase. Jeannie Stell reports. Image from Baker Hughes…
OE’s Audrey Leon spoke with Francisco Nunez, regional sales manager, Latin America, at OneSubsea, about the opening of Mexico’s oil and gas industry and what effects it will have on both OneSubsea and the industry at large. Please explain…
China’s CIMC Raffles completed its first Arctic-operable semisubmersible for client North Sea Rigs at its Yantai yard, the company announced on 19 January. CIMC Raffles designed the semisub together with Global Maritime. The North Dragon…
Australian explorer Cooper Energy said while it still intends to divest its Tunisian portfolio, the exit may take longer than expected. Cooper Energy originally announced plans to divest its Tunisian assets in June 2013 in order to focus on its Australian assets…
Dubai-based Dragon Oil is in negotiations with Dublin-based Petroceltic International to consider an all-cash offer for the issued share capital of Petroceltic. Petroceltic's GSP Prometeu drilling rig operating off of Romania…
