Ocean Rig and Energean Oil & Gas are to join forces in order to participate in new bid rounds for exploration and exploitation of hydrocarbons, in Greece and abroad, in more than 1000m deep water. Energean said the companies had agreed to set up a joint venture called OceanEnergean…
Dana Petroleum group CEO Marcus Richards believes the oil industry is seeing a structural shift. He gave his personal views at a UK Chatham House event: I would like address the questions raised by the shift in oil demand to industrialized economies in terms of energy security…
ORPC Solutions, a subsidiary of Ocean Renewable Power Company (ORPC), is to provide project management and services to Resolute Marine Energy’s (RME) Yakutat Wave Energy Project in Alaska. Located on the Gulf of Alaska 200 miles northwest of Juneau…
Arnaud Breuillac has been appointed president, exploration and production at Total, effective January 1. He will report to Yves Louis Darricarrère, upstream president and member of Total’s executive committee. Yves-Louis Darricarrère was appointed president…
Statoil has agreed to farm down its interest in five exploration licences in the Faroe Islands and two in Norway to the Austrian oil and gas company OMV. The agreement is a result of a broader agreement with OMV, announced in August, to look for cooperation in exploration opportunities…
Norwegian Energy Company ASA (Noreco) has said production is expected to restart from the Siri platform, offshore Denmark, in Q2 2014. Production from the platform will be at reduced volumes until the Siri platform is permanently repaired…
Lundin Petroleum AB appointed Paul Atkinson as general manager for Malaysia and managing director for Lundin Petroleum's southeast Asia business. Atkinson is joining Lundin Petroleum from Talisman Energy, where he has held various senior managerial positions since 2001…
BP intends to commit US$4 million to launch a new strategic partnership with The University of Texas at Austin to support several oil and gas research projects, according to a statement released by the company Thursday. The collaboration…
Ocean Power Technologies, Inc. has received a US$2.6 million contract from Mitsui Engineering & Shipbuilding Co., Ltd. The contract is to provide the final design and supply of key components of a PowerBuoy system intended for deployment…
China Oilfield Services Limited (COSL) has signed construction contracts for two jack-up drilling rigs and a semisubmersible drilling rig. The contracts are with Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) and China Merchants Heavy Industry (Shenzhen) Co…
Africa-focused Lekoil is to raise US$100 million funding through a placing with Mirabaud Securities LLP for drilling offshore Nigeria. The cash will be used to complete drilling and testing on the Ogo-1 well and Ogo-1 side track; the future development of the OML113 licence offshore Nigeria…
Australia’s Pura Vida has agreed a farm-in deal giving it a 50% stake in the Ambilobe area office Madagascar, east Africa. The firm has also finalized a farm-out deal offshore Morocco. Pura Vida will take a 50% stake in the Ambilobe block…
Expro Group says lightweight, mobile systems are needed to meet future deepwater intervention needs. Demand for deepwater subsea well intervention services continues to grow. However, to date, the focus remains on completions for new field developments…
UK-based engineering firm Wood Group will form a joint venture (JV) with Germany’s Siemens to provide integrated rotating equipment services. The JV will comprise the maintenance and power solutions businesses of Wood Group GTS (excluding its Rolls Wood Group…
TAM International marked its 45th anniversary and the opening of its recently-built manufacturing facility on October 18 with a tour of the facilities in Houston, Texas. The new site was open to employees in September. TAM specializes in inflatable packers…