Africa Oil Corp. (AOC) and Eco (Atlantic) Oil and Gas are forming a strategic partnership for exploration in West Africa and Guyana. Under the terms of an investment agreement, AOC has agreed to acquire a 19.77% shareholding in Eco through the purchase…
Workers at a fabrication yard in Scotland will continue working without pay so that their employer can complete a contract, according to the BBC. Burnt Island Fabrications, or BiFab, in Fife, told staff yesterday it didn't have enough cash to pay them…
Hess has shut in production at its Baldpate, Conger and Penn State fields in the deepwater Gulf of Mexico in response to the fire that occurred last week at the Shell-operated Enchilada platform. The Llano field…
Pacific Drilling has filed for Chapter 11 bankruptcy 'to pursue a comprehensive restructuring' of its approximately US$3 billion in outstanding funded debt. The international drilling contractor reported on 12 November that it planned…
Halliburton business Sperry Drilling announced today (13 November) the release of JetPulse high-speed telemetry service, which provides consistent, high-data rate transmission of drilling and formation evaluation measurements. This new telemetry…
Shell took another step towards completing its three-year, US$30 billion divestment program by selling shares in Woodside Petroleum to equity investors. Shell subsidiary, Shell Energy Holdings Australia, initially said today (13 November)…
Hague and London Oil (Halo) gas completed the acquisition of Tullow 101 Netherlands, seeing it take over a portfolio of offshore exploration and production licenses in the Dutch North Sea. Halo says it is now a producer of more than 2500 boe/d…
L&T Hydrocarbon Engineering has been awarded a contract from India's ONGC for Pipeline Replacement Project-4 worth about US$194 million. The project is part of ONGC’s strategy to replace some of its well fluid, gas lift and water…
A newly formed Australian gas company has acquired Hess' Equus deepwater project offshore Western Australia. Western Gas said Equus, which covers 11 gas and condensate fields in the Carnarvon Basin, about 200km north-west of Onslow, is development ready…
Shell said today (10 November) that industrial firefighters were able to safely land on the Enchilada platform in the US Gulf of Mexico and perform a preliminary inspection; however, there is no timeline to resume normal operations. 'Though the structure is visibly sound…
Baron Oil is to relinquish Block Z-34, which has been in Force Majeure since 2014, offshore Peru. In such a situation, the Z-34 partners are entitled to exercise their right to relinquish Block Z-34 and to request that a $3.6 million work program guarantee bond be released…
Former chair and chief executive of Shell UK Sir Bob Reid is to take up a new role as non-executive director of Belltree, a specialist oil and gas consultancy based in Edinburgh. Sir Bob will advise and support Belltree with its continued growth into international markets…
Industry stalwart David Pridden (66) passed away last weekend following a battle with cancer. Pridden became the inaugural CEO of industry trade group Subsea UK in 2004, several months after the organization was formed by Government and industry…
Statoil has picked Sembcorp Marine Rigs & Floaters for the hull and living quarters for its Johan Castberg floating production development in the Norwegian Barents Sea. Statoil has signed a letter of intent with Sembcorp Marine Rigs & Floaters…
DNV GL has secured a combined engineering services agreement with Chrysaor to deliver a unique range of services to the company in support of its North Sea operations. Chrysaor recently completed the acquisition of a package of assets in the UK North Sea from Shell for US$3 billion…