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…
Spectra Energy Corp announced it has entered into a definitive agreement to purchase 100% of the ownership interests in the Express-Platte Pipeline System from Borealis Infrastructure, the Ontario Teachers' Pension Plan and Kinder Morgan Energy Partners for $1…
Prime Minister Stephen HarperCanada grants approval for Nexen, Progress grabsThe Canadian government announced on Friday that it would approve two controversial investments in local firms by foreign state-owned companies.Minister of Industry…
David E. Roberts, Jr.David Roberts resigns as Marathon Oil's COODavid E. Roberts, Jr. has resigned as Executive Vice President and Chief Operating Officer of Marathon Oil Corporation, the company confirmed on 10 December 2012.Roberts' resignation is effective 14 December…
In October 2012, the government of the Comoros Islands issued a statement that only one company, Mozambique Channel Discovery Ltd. (MCD), a subsidiary of Luxembourg-based Boulle Mining Group, has oil and gas exploration and production rights throughout the territorial waters of the Comoros…
Energistics, the upstream oil and gas standards consortium, announced today that Eric Toogood, Diskos Manager for the Norwegian Petroleum Directorate (NPD), and Espen S. Johansen, Ph.D., Vice President Marketing and Commercialization – Production and Completion Systems for Weatherford…
Subsea mooring connector specialist First Subsea has invested over £200,000 in new mooring connector test rig facilities at its production site in Lancaster, UK. Designed for proof load and minimum breaking load testing up to 2600te (25…
UK business minister Michael Fallon opened market leader Bridon International’s new state-ofthe-art wire rope manufacturing facility in Newcastle last month. The event marked the commencement of manufacturing at Bridon Neptune Quay, developed…
Lankhorst Ropes offshore division has relocated its Portuguese production facility for deepwater mooring ropes and single point mooring (SPM) hawsers to a new purpose-built factory on the coast at Viana do Castello, about 80km north of Porto…
Four independent testing rooms, an integrated command and control center, a core preparation laboratory, and an extensive perforated core analysis laboratory for post-test evaluation are among the facilities at Halliburton’s new state-of…
ExxonMobil's Rex TillersonMajors to jointly develop Siberian tight oil Rosneft and ExxonMobil signed a pilot development agreement establishing a joint project to assess the possibility of commercial production of tight oil reserves at the Bazhenov and Achimov formations in Western Siberia…
FMC Technologies and Edison Chouest Offshore formed a joint venture based in Houston to provide integrated vessel-based subsea services for offshore oil and gas fields globally. The JV will offer equipment intervention, riserless light well intervention…
Weatherford International officially opened a new strategic base for Asia Pacific operations in Singapore last month to meet increasing demand for services across the region. The four-storey facility brings together the company’s 300-strong…
ITT plans to invest $22 million in its Seneca Falls, NY, manufacturing operations and R&D laboratory to better serve the global oil & gas market. The corporation is in the process of adding Bornemann Pumps to its existing Goulds Pumps brand…
SBM Offshore has agreed to the sale and transfer of GustoMSC to private equity group Parcom Capital for a consideration of approximately $185 million, to be paid in cash at closing. The sale is a first step in the divestment of some $400 million worth of non-core assets announced this summer…