AGR has secured a contract with LUKOIL Overseas to optimize the Russian firm's drilling performance. The contract covers LUKOIL’s drilling operations in several territories internationally, including Middle East, Black Sea, Africa and Central Asia…
Sterling Energy has agreed to acquire a 40.5% stake in the shallow water Block C-3 production sharing contract offshore Mauritania from Tullow Oil 's Mauritanian subsidiary. Tullow currently holds a 90% stake in the license with Société…
Dana Petroleum has discovered light sweet crude in the Lille John-2 appraisal well and side-track on the Lille John oil field in license 12/06 in the Danish North Sea. The Lille John-2 (LJ-2) appraisal well and side-track confirmed the presence of sweet…
MEO Australia is withdrawing from the Blackwood discovery and transferring it to Eni Australia, who will now own 100% stake. Blackwood, Heron map. From MEO. Blackwood is located in NT/P68…
Aquaterra Energy is launching its new riser monitoring system (RMS), analytic equipment that the company says will enhance health and safety, increase asset life extension and deliver cost savings for the industry. Doyle…
Statoil is considering using an unmanned wellhead platform - instead of a subsea development - for a planned extension of the Oseberg field development. Illustration of unmanned wellhead platform. From Statoil…
The Obama administration’s recently released draft proposed offshore oil and gas leasing program slams the door on industry and prevents America from sharing in the economic growth, new jobs and increased energy security that offshore oil and gas activity in new offshore areas would provide…
Norwegian pilot drilling technology firm Badger Explorer has been awarded NOK7.9 million in funding after passing its latest milestones. The Badger Demonstrator Program started in 2012 and has been supported by Statoil, Chevron, ExxonMobil…
Dutch contractor Allseas has bowed to pressure to rename its platform installation/decommissioning and pipelay mega-vessel Pieter Schelte. The vessel's new name will be Pioneering Spirit. The €2.4billion vessel, capable of lifting topsides weighing 48…
Providence Resources has reached agreement with a proposed farm-in on its Barryroe asset, in the Celtic Sea offshore Ireland. But, further details are not being released due to the deal relying on the farm-in partner needing to secure finance…
Deepwater pipelay on the 889km-long gas export pipeline (GEP) for INPEX' Ichthys LNG Project has started offshore Australia. Saipem’s deepwater installation vessel Castorone will lay the remaining 718km offshore section of the 42in. diameter…
Netherlands based lifting, drilling and subsea solutions firm Huisman and Brazilian shipping company and shipyard group Grupo CBO have signed a contract for the delivery of four anchor handling and towing winch packages for four new Havyard 843 AHTS vessels…
Statoil and its partners have increased recoverable resource estimates for the Krafla area in the mature Norwegian northern North Sea basin to 140-250 MMboe after a two-well campaign in the area. According to Statoil, the latest appraisal well on the Krafla Main Tarbert discovery…
Former Statoil CEO Helge Lund has officially started his new role as CEO and executive director at BG Group - a month ahead of his planned start date. Andrew Gould, who has been serving as interim Executive Chairman of BG Group since April 2014…
Petrobras officially named Aldemir Bendine, current CEO of Brazilian bank Banco do Brasil, the successor to its outgoing CEO Maria das Gracas Silva Foster, the Brazilian operator announced on 6 February 2015. Earlier this week, Gracas…