OMV has taken another step into sub-Saharan Africa by entering an offshore exploration project offshore Namibia. The transaction involves the acquisition of a 65%-interest petroleum exploration license (PEL) 046, containing exploration blocks 2613A and 2613B…
Statoil has signed an agreement to farm down a 15% interest in WRG Angola Block 39 Ltd. offshore Angola in the Kwanza pre-salt basin. WRG is a 50/50 joint venture comprising White Rose Energy Ventures and Genel Energy plc. Statoil is operator of the block…
IHC Merwede has announced that it has appointed Bram Roelse as the company’s new CEO with immediate effect as of 1 April 2014. He has taken over this leading role within the company from predecessor Dirk Philips who stepped back in November 2013…
TGS says it has signed a letter of intent (LOI) with Seabird Exploration to charter up to four 2D seismic vessels to be used over the next 36 months. The LOI gives TGS priority rights to the vessels subject to the issuance of seismic acquisition permits for the offshore waters of Mexico…
UK-based downhole video technology specialist EV has opened a new technology center to house its research and development, which the company is expected to invest nearly £2million into over the next year. EV, which provides downhole video applications for the oil and gas industry…
Fugro OSAE GmbH has been awarded a €3.6 million hydrographic survey contract by the Norwegian Hydrographic Service (NHS). The survey encompasses an area of over 13,200sq km in the Barents Sea and the Norwegian Sea and is part of Norway’s MAREANO project…
Douglas-Westwood (DW) has forecast that the global autonomous underwater vehicle (AUV) fleet will increase 42% during 2014-2018, compared to the previous five years. The fleet is forecast to total 825 units in 2018, led by strong demand in the military sector…
KTR-WG Turbine Services LLP (KTR-WG), a joint venture between Wood Group GTS and KazTurboRemont (KTR), has been awarded a long-term service agreement by the North Caspian Production Operating Company (NCPOC) in Kazakhstan. The joint venture…
MAN compressor installed offshore MAN Diesel & Turbo in Zurich was awarded a contract to deliver a HOFIM (high-speed, oil-free, integrated motor) compressor to Det norske oljeselskap ASA. It is MAN’s first hermetically-sealed compressor to be installed on an offshore production platform…
Eni CEO Paolo Scaroni outlined the Italian company’s exploration progress and activities within the country to the President of the Republic of Mozambique Armando Guebuza. Eni announced that the “possibility of enlarging the shareholder base of Area 4 was favorably received by the President…
Maersk Drilling has taken delivery of its first ultra harsh environment jackup, Maersk Intrepid, from the Keppel FELS shipyard in Singapore on time. Maersk Intrepid will start its mobilization to the Norwegian North Sea in about two weeks…
The industry has been lazy when it comes to adopting intelligent energy solutions, but it will need them more to be competitive and attract staff, according to senior oil executives. The comments were made during day two of the SPE Intelligent Energy conference in Utrecht (pictured)…
Brazil's FINEP extended the deadline for submitting proposals for the Inova Petro program. This is the second tender protocol of the BRL 3 billion (US$1.33 billion) program. The proposals need to be submitted by 24 April 2014. The aim of the program is to foment projects on R&D…
A lot has changed for Statoil in the past four years. In 2010, the company had two core exploration areas (the Norwegian Continental Shelf and the US Gulf of Mexico), said Jez Averty, Senior Vice President of Exploration for Statoil, North America…
Sierra Hamilton LLC acquired all the assets of GeoPro GmbH of Hamburg, Germany to create a new operating subsidiary, GeoPro Geophysics LLC. GeoPro Geophysics will operate as a global seismic data acquisition, processing and interpretation…