Halliburton's wireline and perforating business introduced the Reservoir Monitor Tool 3-Detector (RMT-3D) pulsed-neutron tool that helps solve for water, oil, and gas saturations within reservoirs using three independent measurements (Sigma…
Enterprise Products Partners LP executed definitive agreements to sell its offshore Gulf of Mexico pipelines and services business to Genesis Energy, LP for approximately US$1.5 billion in cash. Image from Enterprise…
ARKeX announced it has been awarded the first geological and geophysical oil and gas exploration permit by the Bureau of Ocean Management (BOEM). The ARKeX survey will acquire an airborne broadband gravity and magnetic survey over Outer…
Aker Solutions has won a maintenance, modifications and operations (MMO) contract from ExxonMobil for engineering, procurement, construction and maintenance services at the Hebron oilfield offshore Canada. The Hebron oil field is located offshore Newfoundland and Labrador…
Despite over 37 billion bbl remaining in proven reserves, oil production in Nigeria is forecast to falter due to underinvestment, with the country’s oil and gas sector in desperate need of reforms and transparency to reverse this trend, according…
Freeport-McMoRan has appointed Doss R. Bourgeois president and COO for Freeport-McMoRan Oil & Gas. Bourgeois has been a major part of the success of Freeport-McMoRan Oil & Gas and its predecessor companies. The company said that Bourgeois'…
Permasense has opened an Aberdeen office to demonstrate its commitment to upstream clients. This follows the recent launch of ET210 – Permasense’s product for the real-time monitoring of corrosion and erosion at upstream oil and gas assets…
Sanctions on Iran’s oil production look set to be lifted after the country and six world powers finally reached a deal over the country’s nuclear program. The agreement, reached after two years of discussions, following a 12-year stand…
MX Oil agreed to invest in an indirect, non-operated 5% revenue interest in the OML 113 license, offshore Nigeria, which includes the Aje field, a substantial development stage project with proven, flow tested discoveries where production is expected by January 2016…
The first step towards lifting sanctions on Iran’s oil production could be taken tomorrow (14 July) in a deal that would open up its territory to western nations and see the country’s oil exports double in the next six months is agreed. Image…
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for well 7220/6-2, in the Neiden prospect, which contains 200 MMboe gross prospective resources. The drilling program for well 7220/6-2 relates to the drilling of a wildcat well in production license 609…
As strained negotiations between the Greek government and European financial ministers enter the end-game, the impact on energy markets remains uncertain. Setting aside both the deeply troubling social impact for Greek citizens and other…
Statoil has decided to suspend Scarabeo 5 due to overcapacity in its rig portfolio. The suspension will take effect once Scarabeo 5 has completed drilling of a well on the Kristin field in the middle of August, and will last until 1 March 2016…
Could the North Sea become a CO2 storage site? Elaine Maslin takes a look at two proposed projects and some of the challenges involved. The CCS goal—how the Scottish Centre for Carbon Storage sees carbon capture and storage on and offshore…
The tides are changing in many countries, which are ramping up their political policies to provide international operators the consistency and transparency needed to invest in the region. Heather Saucier reports. Noble Energy has distributed approx…