Atlantic Petroleum entered into heads of terms with London Oil and Gas (LOG) to inject about US$11.4 million of funds and assets into Atlantic by 24 June 2016. “Atlantic Petroleum's Orlando & Kells assets are expected to have a high value when the market conditions improve…
After many years of decline, production of petroleum and other liquids in the United Kingdom (UK) increased by about 100,000 b/d in 2015, according to the US Energy Information Administration (EIA). The largest contribution to this…
China National Offshore Oil Corp. (CNOOC) may have made 16 new discoveries and appraised 23 oil and gas structures in 2015, but also experienced a net profit decline of 66.4% year-on-year to US$3.1 billion. Liuhua operations…
Keppel FELS has delivered two jackup rigs to Mexico's Grupo R. Built to Keppel's proprietary KFELS B Class design, the rigs, CANTARELL I and CANTARELL II, will be chartered to PEMEX for operations in the Cantarell oil field offshore Mexico…
Noble Energy says a new ruling by Israel's Supreme Court could further delay the Leviathan offshore mega-project in the Levantine Basin in the Mediterranean Sea. The Houston-based explorer said that the court affirmed Israel's natural gas regulatory framework…
Rosneft and Siemens entered into a cooperation and partnership agreement to study opportunities in the development of technical solutions and manufacturing allocation of equipment for the fuel and energy sector. Kaeser…
The Chinese Ministry of Commerce (MOFCOM) has cleared Schlumberger and Cameron's proposed US$14.8 billion merger without any conditions. This approval from China's antitrust regulator, MOFCOM, represents the last major hurdle towards closing the deal…
Harris CapRock Communications will install its Harris CapRock One system on Transocean’s entire fleet as part of a multi-year contract renewal for complete managed communications services. The contract provides satellite communications…
A New Zealand joint venture consisting of New Zealand Oil & Gas (NZOG), Tag Oil, and Beach Energy will relinquish the Kaheru permit offshore New Zealand due to the current economic conditions, according to partner Tag Oil. Map of Kaheru…
Saudi Aramco has begun producing natural gas at its Hasbah field, offshore Saudi Arabia. Hasah is located 150km northeast of Jubail in the Arabian Gulf. It has seven single-well platforms, and is expected to provide up to 1.3 Bcf/d of natural gas…
Schlumberger is adding to its list of takeovers with the announcement of the acquisition of Meta Downhole, a UK-based engineering and service company that offers technology and expertise to provide downhole metal-to-metal isolation solutions in well integrity applications…
The Republic of Cyprus announced its third Licensing Round for offshore exploration consisting of three blocks. The areas up for grabs include Blocks 6, 8 and 10, lolcated in the Mediterranean Sea. The application deadline is 22 July…
Bibby Offshore has awarded a frame agreement for rigging equipment inspection and wire rope management to marine and subsea business IMES following a lengthy and competitive tender process. The agreement, potentially worth a seven-figure sum…
A joint venture between SapuraKencana Services and GE Power Systems, SapuraKencana GE Oil & Gas Services (SKGE) has been awarded a long term service agreement by Petroliam Nasional (PETRONAS) Floating LNG1 (PFLNG) to provide maintenance services for PETRONAS’ two forthcoming floating LNG vessels…
Japan's INPEX said it is trying to confirm the facts following a news report stating that Indonesian President Joko Widodo has rejected a proposal to build a floating liquefied natural gas (FLNG) plant in the country's east, saying that an onshore plant would benefit its economy more…
