The rapid expansion of oil and gas telecommunications systems in order to facilitate the development digital oilfields in increasingly remote locations, enhance safety, and maximize data use, was the theme of a conference on oil and gas telecommunications organized by SMi Group in London…
Eleven Japanese companies including oil and gas exploration firm Inpex have joined forces to create a new firm focused on methane hydrate extraction. Japan Methane Hydrate Operating Co., (JMH) was formally established 1 October specifically…
Chevron and Statoil are launching new solutions to a growing challenge in the Gulf. Bruce Nichols reports. The GE (Hydril) MaxLift pump aboard the Pacific Santa Ana drillship. Photos: Pacific Drilling…
Noble Energy will resume exploratory drilling in the Falkland Islands next year after acquiring and reviewing extensive 3D seismic of its 10 million acre-position. In late February 2014, London-based joint venture partner Falkland Oil…
Industry body Oil & Gas UK is calling on the UK Government to offer fiscal support for exploration in the UK North Sea, alongside lower taxes, and simpler field allowances. The call, made in the body’s Economic Report 2014, comes as the UK’s oil and gas industry faces rising operating costs…
CAMAC Energy's four offshore Nigeria prospects have increased the company’s unrisked P50 recoverable resources to approximately 3 billion boe. Map of Nigerian prospects from CAMAC The…
The Ministry of National Infrastructure, Energy and Water of the State of Israel's Petroleum Commissioner informed Modiin Energy that its Gabriella and Yam Hadera offshore licenses have expired due to the company's failure to achieve program milestones…
Schlumberger released its 2014 versions of its software platforms: Petrel E&P software platform, Techlog wellbore software platform, Studio E&P knowledge environment and Ocean software development framework enhance multidisciplinary integration…
TGS and FarifieldNodal will conduct two ocean bottom projects in the shelf region of the US Gulf of Mexico. Z700 at sea from FairfieldNodal. The two surveys include the Calypso Full Azimuthal…
Australia's Tangiers Petroleum says it intends to exit the Tarfaya Block off Morocco after the Tao-1 well showed dry and exceeded budget. The Tarfaya block is the company's only holding in Africa. The company is now faced with either…
Fractured basement reservoir explorer Hurricane Energy says future development of its Lancaster oil discovery west of Shetland on the UK Continental Shelf is expected to be through a phased approach. The firm, which announced successful results of a well test on Lancaster earlier this year…
Site survey work has started at the Parkmead Group-operated Skerryvore oil prospect in the central UK North Sea. The Skerryvore prospect has the potential to contain up to 122MMbo on a most likely, P50 basis, according to Parkmead. The…
Lundin Gurita BV is expected to spud the Gobi-1 well offshore Indonesia by mid-October, announced joint venture partner, Nido Petroleum Ltd. The rig the company expects to use for the well, located in West Natuna basin, will be available by early October…
Oyster Petroleum has entered into a farm-in agreement which will see it earn 25% interest in production licenes P.1948 in the central North Sea. License P.1948 covers blocks 29/7c, 12, 13 and 14 in the UK Central North Sea and includes the Shipley and Forwood Prospects…
Mexico City-based Sierra Oil and Gas secured equity commitments of US$525 million on Friday to develop projects in Mexico’s recently opened energy sector. Sierra, Mexico’s first independent exploration and production company, plans to participate in exploration…