No hydrocarbon show at the ROC Oil-operated block 09/05 in the Bohai Bay basin in China, says joint venture partner AWE Ltd. The well, QK12-3-1D, which is now preparing for abandonment, is the second of the two planned exploration wells in the block…
Mexico’s Agencia de Seguridad, Energia y Ambiente (ASEA) has found that Petróleos Mexicanos' (Pemex) Abkatún Permanente platform incident that left four dead, 16 injured and three missing, was caused by a leak in a rarely used gas fuel line that had corroded…
CGG GeoSoftware has announced new releases to its application suites: Jason 9.0, Hampson-Russell 10.0 and Insight Earth 3.0. Jason 9.0 has a new anisotropic inversion tool for analyzing anisotropy for effective well design and optimum production…
Image: Geoff Dorn/CGG Geoff Dorn, senior advisor, seismic interpretation technology, and product development manager, Insight Earth, CGG GeoSoftware, has been distinguished with the Society…
Norwegian authorities performed a search and seizure of Sevan Drilling’s offices last week, after corrupt activities between Sevan Drilling and Brazil’s Petróleo Brasileiro (Petrobras) were exposed in an independent external review conducted by Sevan Marine…
Abdel Fattah Al-Sisi, president of Egypt, and Claudio Descalzi, Eni’s chief executive officer, met in Cairo to discuss Eni's activities in the country. Image from Eni. During the meeting…
AziLat Ltd. announced that it has entered into a transaction with OGX Petróleo e Gás S.A., to acquire OGX’s full interest in two blocks, offshore Brazil. The blocks are located in the Ceará basin and the Potiguar basin in the equatorial…
TGS announced that it has acquired 46,500km (25%) of the 186,000km 2D seismic project, Gigante. The survey is being acquired with four Seabird vessels and the fifth vessel, m/v Aquila, will join the survey in early November. Gigante…
UK oil and gas firms are sitting on a war chest of £20 billion that could be released by simply improving their working capital management according to new research released today by business consultancy PwC. With no sign of an oil price rebound in sight…
Van Oord has completed the installation of the 150th foundation at the Gemini Wind Park in a record time of 3.5 months. On the 1 of July 2015, Van Oord’s newbuild installation vessel Aeolus, together with Swire Blue Oceans Pacific Osprey…
Technip has awarded SBM Offshore a front-end engineering and design (FEED) contract for three, large-scale turret mooring systems associated with the proposed Browse FLNG development offshore Australia. The three, large-scale turrets…
Total has agreed to sell a 15% stake in the Gina Krog field in Norway to Tellus Petroleum, a subsidiary of Sequa Petroleum for NOK 1.4 billion. 'As a result of a full comparative review of our global asset portfolio and in particular of our vast portfolio of opportunities in Norway…
The US Department of the Interior announced it will cancel two planned Arctic offshore lease sales under the US government’s current five-year plan for 2012-2017 due to Shell’s failed Arctic campaign and current market conditions, which left…
In this video, Aker Solutions talks about the vision of the world’s first subsea gas compression system to the Statoil-operated Asgard field offshore Norway. The NOK 19 billion (US$2.34 billion) Åsgard subsea gas compression project…
Oil services giant Schlumberger revealed its revenue took a 33% plunge in 3Q 2015 with revenue hitting almost US$8.5 billion for the period, citing a decline in rig activity and pricing pressure as the reasons. The results are causing the…