A project worth £1.7 billion (around $2,3 billion) that includes a giant tidal energy lagoon and floating solar array has been proposed for Swansea's waterfront, in Wales, UK, by DST Innovations and a number of business partners, with support from Swansea Council and Associated British Ports…
The bounce back of Egypt’s upstream operations continues to gain momentum, attracting additional offshore-focused investments and transactions with latest reports indicating Dubai-based oil and gas company Dragon Oil has received the nod to…
Dubai-based Dragon Oil Ltd said on Monday it had completed the purchase of BP's oil concessions in Egypt's Gulf of Suez and will invest $1 billion over five years to boost and extend their production.Dragon, owned by Emirates National Oil Company (ENOC)…
New research delivered in partnership with the Oil & Gas Technology Centre (OGTC) and Robert Gordon University (RGU) has reached a milestone in understanding the psychological processes that govern technology adoption and deployment decisions…
Deepsea Yantai, a newbuild semi-submersible drilling rig destined for operations in Norway, has been launched in China.On June 12, the naming ceremony for the semi-submersible drilling rig, designed and built by CIMC Raffles, was held in Yantai Yard…
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…