Russian oil exploration giant Rosneft has said it and partner ExxonMobil have made an oil discovery on the Universitetskaya-1 well in the Arctic, despite US and European Union sanctions. Rosneft said the well, in the East-Prinovozemelskiy-1 license in the Kara Sea…
The final two modules for the Santos Gladstone Liquefied Natural Gas (GLNG) project arrived for the plant’s liquefied natural gas (LNG) processing units on Curtis Island, in Queensland, Australia. The modules were built at Batangas…
Eni scooped up three new exploration licenses in Egypt as a result of the 2013 Egyptian General Petroleum Corp. (EGPC) and the Egyptian Natural Gas Holding Co. (EGAS) international licensing bid rounds. Two of the three blocks are located…
Perupetro has contracted Spectrum for 2D seismic work prior to the country's international bid round on 12 December. Spectrum will reprocess approximately 13,000km of 2D multiclient regional seismic data covering the lease sale blocks for the Peruvian state-owned and regulatory body…
DOF Subsea UK has started work on two major construction projects off West Africa for Italy’s Saipem. DOF Subsea is supplying its 107.1m-long DSV Skandi Singapore and project crew, along with project management and technical support; specialist survey services…
Statoil's Kvitebjørn field in the North Sea will see production increase by 220MMboe, or from 55% to 70% recovery rate, thanks to a new compressor installed on the 10-year-old Kvitebjørn platform, the firm said today. The compressor, installed 17 September…
Chevron has agreed to sell its shares in Chevron Exploration and Production Netherlands, including its interest in Chevron Transportation, to Petrogas International E&P Coӧperatief, a subsidiary of Oman-based Petrogas E&P. 'Our decision…
Mozambique's state oil and gas company, Companhia Moçambicana de Hidrocarbonetos SA (CMH) posted a profit of US$37.8 million in 2013, a year-on-year increase of 29%, according to the company’s report and accounts for last year. According to a CMH report cited by the Mozambican press…
A new research study from Flow Research, Volume X: The World Market for Flowmeters, 5th Edition finds that the worldwide new-technology flowmeter market totaled US$4 billion in 2013 and is projected to grow substantially to exceed $5.7 billion by 2018…
Rosneft and PetroVietnam announced they will set up a joint venture to develop two oil field blocks in the Pechora Sea in Russia’s Arctic, Reuters reported on 5 September 2014. According to the report, Rosneft will hold 66.67% interest in the JV…
Rosneft began production from the northern tip of the Chayvo field, located off northern Sakhalin Island. Rosneft President Igor Sechin said that Chayvo will produce about 1.5 million tons of oil annually, with the northern tip of the…
Alexey Miller, chairman of the Gazprom Management Committee and Nguyen Xuan Son, chairman of the PetroVietnam National Oil and Gas Group Board of Director met at Gazprom headquarters 3 September to address the joint development of hydrocarbon resources in Vietnam and Russia…
Tullow Oil announced that its subsidiary Tullow Exploration & Production has agreed to sell its operated and non-operated L12/L15 block interests and non-operated Q4 and Q5 block interests to AU Energy, a subsidiary of Mercuria Energy Group…
Noble Energy has entered into a non-binding letter of intent (LOI) to supply Jordan’s National Electric Power Co. Ltd. (NEPCO) gas from the Leviathan field, located off Israel, the company announced on 3 September 2014. In the US$15 billion deal…
Inpex Corp. reached an agreement to transfer a 25% participating interest in the deepwater Block S offshore East Malaysia to Australia-based Santos. Block S is located in the Sabah basin and covers 574sq km with a water depth ranging from 200m to 1500m…