Oil News


ExxonMobil expands off Liberia

Apr 05, 2013

ExxonMobil Corp. announced that its Liberian affiliate has acquired from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL) 80% interest in Liberia Block 13 (LB-13)Map of LB-13 off Liberia (Image: COPL)The block comprises more than 625,000 acres (2…

DUC announces $800M investment

Apr 05, 2013

Bladt-built Nini East platformThe Danish Underground Consortium (DUC) has announced investment of US$800million on a new platform in Denmark's sector of the North Sea. The facility, to be built by Danish firm Bladt Industries A/S, will be to expand the Tyra Southeast development…

£2million work for XPD8

Apr 01, 2013

Aberdeen-based XPD8 Solutions has reported a strong start to 2013 after its condition monitoring team secured work worth more than £2 million and announced plans to expand its workforce.The company, which specialises in the management of maintenance systems for oil and gas producing assets…

SPIE links with PetroSkills

Mar 29, 2013

SPIE Oil & Gas Services has announced the signing of a Joint Development Agreement with PetroSkills LLC.This agreement will allow SPIE Oil & Gas Services to enhance its worldwide competency development programs.PetroSkills LLC a worldwide training and development company has over 280 instructors…

Gulf of Mexico lease sale

Mar 27, 2013

The US Bureau of Ocean Energy Management and US Department of the Interior announced that Central Gulf of Mexico Lease Sale 227 will offer 28.6 million acres off Louisiana, Mississippi, and Alabama. The sale will take place this month in New Orleans…

Simon Luffrum joins Magma

Mar 26, 2013

Magma Global has strengthened its riser development team by appointing Simon Luffrum as Project Manager.  Simon joins Magma from SRP (Subsea Riser Products) where he was Managing Director. Simon will initially head up Magma’s Taper…

Wood Group and MWCC form response team

Mar 26, 2013

Marine Well Containment Company (MWCC) and Wood Group PSN today announced the formation of an offshore reserve response team.Made up of 100 select reserve operations personnel, the team will be activated should MWCC’s modular capture vessels…

Libya's evolving business climate

Mar 25, 2013

Perceptions may not be as bad as reality in post-conflict Libya.Hundreds of billions of dollars are expected to be spent in the cash-rich country in coming years; westerners are welcome in Tripoli; security has improved, and organizations…

Danish North Sea oil find for Wintershall

Mar 25, 2013

Wintershall, the largest internationally active German crude oil and natural gas producer, announces the successful drilling of the own-operated Hibonite exploration well (5504/1-3).The Hibonite structure is located in the 5/06 license in the Danish sector of the North Sea…

ABB on Ichthys semi-sub electricals

Mar 24, 2013

ABB has been appointed the main electrical contractor (MEC) for a new semi-submersible central processing facility (CPF) at the Ichthys oil and gas field in the Timor Sea off Western Australia. The order is valued at $15 million. ABB was awarded the MEC contract by the engineering…

Pena Nieto denies privatization

Mar 19, 2013

Mexico's President Enrique Pena Nieto denied rumors that the state-owned oil company Pemex (Petroleos Mexicanos) will be privatized. Pena Nieto appeared at the 75th anniversary of the expropriation of the oil industry from foreign interests…

Statoil signs up deepwater rigs

Mar 15, 2013

Statoil has signed a three year contract for the Stena Carron drillship for exploration drilling in the pre-salt blocks (Blocks 38 and 39) in the Kwanza basin in Angola.The agreement managed by Stena Drilling is for a three-year fixed term with start-up Q4 2013 / Q1 2014…

Concerns over rising wage bills

Mar 15, 2013

A survey of more than 900 Oil and Gas companies has revealed that they are concerned that the average wage in the industry will rise 15% this year from £64,000 to £73,600.The survey by OilandGasPeople found that 70% of oil and gas companies were worried that wages were rising too fast…

Eni achieves first oil from Junin-5

Mar 15, 2013

PetroJunín, joint venture formed by PDVSA (60%) and Eni (40%), has started production from the Junín-5 giant heavy oil field, located in the Faja del Orinoco, the area with the largest untapped hydrocarbon reserves in the world. The block is…

Invest globally, says energy expert

Mar 14, 2013

North Sea offshore investment is reaching all time highs but there is limited capacity to invest to meet demand, according to a speaker at today's annual NOF Energy conference.Specialist Isabel Boira-Segarra of consultancy EC Harris, was speaking at the Energy: A Balanced Future event in Newcastle…

Current News

Schlumberger and Equinor Partner for Data Project

Siem Spearfish Lands Gulf of Mexico Contract

New York City Sues Exxon, BP, Shell Over Climate Change

Oil Edges Higher on US, Europe Demand Hopes

Subscribe for OE Digital E‑News