Petroleos Mexicanos (Pemex) and Chevron entered into a memorandum of understanding (MOU) intent on increasing cooperation in areas such as deepwater, heavy oil and mature fields. The preliminary deal also covers collaboration on natural gas…
Current pressures on oil majors due to low oil prices and a heated market should not be allowed to turn into another crisis, a top ExxonMobil executive told SPE Annual Technology Conference in Amsterdam today (27 October). Image of Neil Duffin…
Aberdeen’s Ashtead Technology launched a first-of-its-kind subsea training academy in Aberdeen in the world-renowned subsea center of excellence at Westhill. Ashtead has invested more than US$804,000 in theAshtead Subsea Technology Training…
The American Association of Petroleum Geologists (AAPG) and the Society of Exploration Geophysicists (SEG) announced a joint venture to co-present oil and gas events around the world to provide their members and the oil and gas global industry…
Mexico seismic services company COMESA selected Paradigm as a strategic partner for its new seismic data processing center. Through the use of Paradigm software solutions for seismic processing and imaging, subsurface modeling and reservoir characterization…
Smith Bits, a Schlumberger company, introduced StingBlade, a conical diamond element bit. StingBlade bits increase run length and rate of penetration (ROP) while delivering improved steering response in directional applications. “In…
Drilling has completed on Lundin Petroleum's Gobi-1 wildcat in the Gurita production sharing contract (PSC), located off Indonesia in the Natuna Sea’s West Natuna basin. The prospect is being plugged and abandoned after failing to find hydrocarbons…
Ophir Energy plc entered into an agreement with Niko Resources to acquire interests in seven deepwater production-sharing contracts (PSCs) in Indonesia. Image from Ophir. The PSCs have equity interests ranging from 18…
Total awarded Maersk Drilling’s third drillship, the Maersk Venturer, a short-term, US$17 million contract for a one-well program offshore Malaysia. Maersk says the contract is for 45 days with an option to extend for up to 40 days. The drilling program is expected to begin in December 2014…
The State Oil Company of Azerbaijan Republic (SOCAR), confirmed in a statement that four employees died in a platform accident on 23 October. According to SOCAR's statement, 'The dead bodies of three of the four employees, missing after…
Lundin Petroleum AB spudded the Kitabu-1 exploration well in Block SB307/308, offshore Sabah, Malaysia. The West Prospero. From Seadrill. The Kitabu prospect is a stratigraphic trap…
Eni made an “important” gas discovery in the Merakes exploration prospect, located in the East Sepinggan Block, offshore Indonesia. The East Sepinggan block is located in the offshore East Kalimantan (Borneo), 170km south of the Bontang…
EnQuest awarded Technip a large engineering, procurement, installation and construction (EPCI) contract for the Kraken development located in the North Sea, 400km northeast of Aberdeen and 130km east of Shetland, at a water depth of approximately 120m…
Even as European stalwarts like Statoil champion for a standardized, “Lego-style” subsea factory, it was the topic of the day at the Houston Technology Center’s Deepwater Technology Symposium. Speakers from DeepStar, FMC Technologies…
The Agence de Gestion et de Coopération entre la Guinée-Bissau et le Sénégal (AGC) awarded African-focused Impact Oil and Gas a new exploration license covering the AGC Profond block, located offshore, in the Senegal Guinea Bissau Joint Development Zone (AGC)…