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…
VAALCO Energy appointed Cary Bounds as the new chief operating officer starting 6 July 2015. Houston resident, Bounds is a petroleum engineer and has almost 25 years of domestic and international asset management, business development…
Wood Group acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at US$14.3 million. BETA’s expertise in advanced vibration, pulsation stress…
Wild Well Control announced the start-up of a new well control training certification program that will offer a selection of action-oriented well control training curricula, which includes both team and individual well control simulator exercises…
Norwegian oil firm has marked the start of construction work on the Johan Sverdrup development project - labelled the biggest industrial project in Norway for decades to come. Work started at Kværner in Verdal, Norway, today (Monday 29…
A deadline between western nations and Iran over the country's nuclear activities in a move which could open the country to international oil firms has once again been delayed. A deal, which would see sanctions lifted on the oil and gas rich nation…
Elastec introduced a new product for offshore and nearshore oil spill cleanup. The X150 Skimmer Launching System is an oil spill response system with the capability to recover light, medium and some heavy oils in incidents. Elastec’s…