BG Group secured 35% stake from Houston-based Noble Energy in Block 12 offshore Cyprus in a US$165 million farm out deal, which gives the UK deepwater and LNG focused company a piece of the Aphrodite natural gas discovery. Map of Cyprus…
The Department of Mineral Fuels (DMF), the government agency responsible for Thailand’s upstream petroleum industry, granted approval to KrisEnergy for the production area application (PAA) for for an area containing the Rossukon oil discovery in the Gulf of Thailand…
Norway's DNV GL is planning to carry out what it is calling the oil and gas industry's largest ever controlled release of carbon dioxide from an underwater pipeline as part of research around carbon capture and storage technologies. The…
TGS is reprocessing some 22,847km of 2D seismic offshore Portugal thanks to success in the conjugate offshore Newfoundland and Nova Scotia. This project, which uses TGS' broadband solution Clari-Fi, is now fully underway, said the firm…
Engineering company Monadelphous Group has won a major long-term maintenance and modifications services contract associated with Shell's Prelude floating LNG (FLNG) project. The contract, worth more than AU$200 million, will be for provide maintenance…
Premier Oil has spudded its latest Falklands Islands exploration well. The 14/20-2 Isobel - 2 well in the North Falklands basin is a second attempt on the Isobel Deep area, after drilling in May hit oil shows in a suspected high pressure formation…
Since the first oil shock of 1973, instability in the Middle East has frequently been associated with higher oil prices. In an industry desperate for positive movement in crude price, the current turmoil in this region is having a limited impact…
Eni is in the process of selling the rest of its share in Galp Energia. The Italian giant began, through an accelerated bookbuilding procedure, the sale of 33,124,670 ordinary shares of Galp Energia, corresponding to the entire participation…
Paradigm released Paradigm Geolog 7.4, the latest version of its Geolog formation evaluation software suite. Geolog 7.4 offers engineering functionalities that expand the product's reach into additional phases of the production cycle…
OMV Norway signed a three-year frame agreement with Aptomar to deliver its integrated field monitoring services for the operator’s future drilling activities. As part of the frame agreement OMV will have access to the Aptomar’s 24/7 environmental monitoring services…
Polarcus has announced it has signed a contract with an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus' RightBAND technique for broadband data acquisition. The project will commence in Q4 2015 and run for approximately two and a half months.
MacGregor create a new division 'Advanced Offshore Solutions' by merging its two Norway-based divisions and combining the strengths in offshore mooring, loading and load handling businesses. With the new joint division MacGregor aims to gain…
From 2-4 September 2015, the Petroleum Safety Authority Norway (PSA) carried out an audit of Statoil Petroleum's maintenance management at Gullfaks A (GFA). The audit is part of the processing of the application for consent for an operating life extension for GFA…
Several companies and individuals, including Black Elk Energy Offshore and Wood Group PSN (WGPSN), are being charged with crimes for the fatal November 2012 explosion of the West 32-E platform in the Gulf of Mexico that left three contract workers dead…
There is just over a week left to enter the 2016 Offshore Achievement Awards, which offers companies and individuals the opportunity to be recognized among some of the industry’s greatest success stories of the last 30 years. Entries for the 30th annual awards…