Shearwater GeoServices Norway received a letter of award (LOA) from Wintershall Norge for a 3D survey of Blocks PL 768/768B in the Barents Sea. The Polar Empress, from GC Rieber. The…
Pemex plans to accelerate its farm-out strategy in a move to increase production, and gain access to the latest technology, the company’s CEO José Antonio González Anaya said at the Mexican Petroleum Congress 2017 yesterday (8 June). González…
Renewable energy development, including technologies which extract energy from the ocean need to be funded and accelerated to meet carbon reduction targets. Engineers and scientists in Scotland and Aberdeen are ideally positioned to help governments do so…
Sercel’s multi-sensor solid streamer, the Sentinel MS, has been commercially deployed for the first time and is being operated on a large 3D CGG multi-client survey being conducted by the CGG Geo Coral in the Southern Porcupine Basin in Ireland…
Image of the Skandi Singapore, from DOF. DOF Subsea has been awarded contracts for three vessels that will operate in the Asia Pacific and Atlantic regions. In the Asia Pacific…
Norwegian oil firm Statoil is set to take over BP's mantle in Australia's Great Australian Bight after agreeing a swap deal with the oil major. BP dropped its plans for drilling two deepwater wells in the area after a tussle with Australia's…
Bissau Exploration Co. (BEC) has signed a joint venture participation agreement between themselves and state oil firm A Empresa Nacional de Pesquisa e Exploracao Petroliferas (Petroguin) for petroleum exploration, development and production in the area of Block 4B…
BP’s corporate investing arm BP Ventures has awarded US$20 million in Series B funding to artificial intelligence (AI) and cognitive computing firm Beyond Limits to adapt and deliver industrial-grade AI software, used in deep space exploration…
Xcite Energy Ltd.’s (XEL) assets could have a new owner by month’s end, according to the firm handling XEL’s liquidation. In a 7 June letter, FTI Consulting said talks with one potential buyer to dispose of shares that XEL holds in Xcite Energy Resources are now in an advanced stage…
Empyrean Energy has started a 3D seismic survey on its 100% owned Block 29/11, offshore China. Block 29/11 is about 1800sq km and is situated some 200km south-southeast of Hong Kong in 340-600m water depth. Empyrean has contracted China Oilfield Services Ltd…
The Bureau of Ocean Energy Management (BOEM) is funding and participating in a federal research partnership that has launched an intensive three-year program to improve assessment studies of protected marine species in the Gulf of Mexico…
Private investment firm Elliott Management will provide US$500 million in funding to newly established Edge Petroleum AS’s management team. Norway-based Edge will focus on building a portfolio of oil and gas fields in the development phase…
Woodside Petroleum is accusing Far Ltd. of not supporting its arrangement to undertake development work at the SNE oil field offshore Senegal, however Far has responded fairly quickly, disputing Woodside’s claim. Map of SNE…
Sapura Energy Berhad (SEB) has been awarded contracts with a combined value of about US$206 million (RM879 million) offshore Myanmar, Brunei, India, and Australia from several companies including PTG, Shell, ONGC, and PTTEP. Off Myanmar…
In Statoil’s 2017 Energy Perspectives report, the Norwegian giant says that immediate action is needed to transform the global energy system. Image from Statoil. Statoil is expecting substantial changes in the global energy mix…