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…
Companies are still overlooking the potential threats from cyber crime despite the multi-thousands and even multi-million dollar bills a successful attack could cause. Furthermore, attacks have and continue to penetrate process control systems and take control of physical processes…
Business is good in the oilfield, and as increased production and steady commodity prices contribute an influx of cash, operators are reinvesting in themselves, expanding their share buyback programs. Management usually says that…
Dragon Oil secured its first operatorship outside Turkmenistan and expects production to reach up to 90,000bo/d by the end of the year. Dr Abdul Jaleel Al Khalifa, Dragon Oil's CEO, said: 'We are pleased to report that the contract has been signed for Block 19 East Zeit Bay…
Nido Petroleum Ltd., on behalf of SC 63 joint venture partners state-owned Philippine National Oil Co. Exploration Corp. (PNOC-EC) and Dragon Oil Ltd., announced that the Baragatan-1A well was spudded May 25. The wellsite is in Service Contract 63…
Singapore-based shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd. (SPO) celebrated the launch of its new D-Class anchor-handling tug supply vessel, Pacific Dragon, on 18 Apr 2014. This is the eighth and final D-Class vessel…
Shipowner and operator, Swire Pacific Offshore Operations (SPO) has launched its new D-Class vessel, Pacific Dragon (pictured). The launch and naming ceremony was held at ST Marine shipyard and marked the completion of the eight-vessel D-Class series of 240T bollard pull…
Dragon Oil says drilling on the Cheleken Contract Area in Turkmenistan has been delayed and will be weighted towards H2 this year, with a total 14-16 wells due to be drilled. The Cheleken Contract Area covers about 950sq km and comprises two offshore oil and gas fields…
Transboundary may head to committee The US Senate bill ratifying the US-Mexico Transboundary Hydrocarbon Agreement, S. 812, is reportedly on its way to a conference committee. The Senate’s version of the bill, passed last month (October)…
The Caspian Sea is a land-locked interior basin with established oil and gas production that has seen increasing activity since the bordering nations gained independence from the former USSR in the late 1990s. Five nations surround the sea: Russia…
Two projects aiming to develop small unmanned production facilities for use on marginal fields have been given a boost. Unmanned Production Buoy (UPB), based in Banchory, near Aberdeen, has signed a memorandum of understanding with engineering firm AMEC to provide engineering…