A tribunal has rejected a bid by the Ivory Coast to stop oil and gas exploration and development activities in a disputed area between its waters and offshore Ghana. The ruling paves the way for UK-headquartered Tullow Oil to continue with its TEN Project offshore Ghana…
Baker Hughes Inc. issued its international rig count that showed 1251 rigs operating worldwide in March 2015 outside of the US and Canada. Unsurprisingly, global rig counts have dropped significantly due to an approximate 50% drop in crude oil prices since 2014…
Premier Oil's Isobel Deep 14/20-1 well in the North Falkland Basin has been suspended and the blowout preventer (BOP) stack recovered after an equipment malfunction. Partner Rockhopper Exploration said Friday that, while repairs are carried out…
IPB Petroleum has entered the secondary term of its WA-424-P exploration permit as operator with a 100% working interest. The company applied and has received approval from the Joint Authority for a variation of the permit’s secondary term work program (permit years 4 to 6 inclusive)…
KrisEnergy plans to develop the Wassana oil field beginning with drilling a new exploration well in Block G10/48 offshore Thailand. Wassana well projection. From KrisEnergy. The Rayrai-1 well is at a water depth of 170ft and is 2…
An overboard incident on the Scarabeo 8 semisubmersible drilling unit offshore unit was caused by missing grating on the blowout preventer (BOP) carrier platform grating, a report by Norway's Petroleum Safety Authority (PSA) says. The…
International oilfield services firm Weatherford will cut another 2000 jobs from its workforce, taking the total number of planned job cuts to 10,000. Weatherford’s move follows Schlumberger announcing last week a further 11,000 job cuts…
Aquamarine Power has appointed Dr Paddy O'Kane as the company's CEO, replacing interim CEO John Malcolm who has stepped down after six months in the role. O'Kane has been Aquamarine Power's chief technical officer since 2010. Prior to…
Norwegian geoscience firm Spectrum entered into a cooperation agreement with US oilfield services giant Schlumberger to acquire 50% ownership in Spectrum's Pelotas multiclient program. The cooperation agreement includes more than 30,000km…
Houston-based Africa focused explorer CAMAC Energy is changing its name to Erin Energy following a reverse stock split - each six shares of common stock were converted into one share of common stock. Kase Lawal, Erin's Chairman and CEO…
Hungarian exploration outfit MOL Group has made its first step into the Norwegian offshore sector, purchasing the Norwegian assets of UK-based North Sea exploration and production firm Ithaca Energy. Ithaca will sell its Norwegian assets…
The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC). Image from CNOOC. Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m…
Huisman officially opened their new production facility in Navegantes, Santa Catarina state on 16 April 2015, in the south of Brazil. The facility is used for the manufacturing of offshore equipment for the Brazilian market. It is located along the Itajai-Açu river…
Applus RTD has been awarded a contract from Heerema Marine Contractors as part of the Kaombo development offshore Angola. As part of the largest ultra deepwater subsea, umbilicals, risers, flowlines (SURF) development, Applus RTD will…
OneSubsea is getting a piece of BP’s West Nile Delta Taurus Libra development offshore Egypt by snagging a multi-million dollar subsea contract. Image from OneSubsea. The scope…