Oceaneering International, Inc. reported record fourth-quarter and annual earnings for the periods ended December 31, 2012.For the 4Q 2012, Oceaneering earned net income of $80.6 million, or $0.74 per share, on revenue of $780.9 million. During the corresponding period in 2011…
Hyperdynamics cheered by updated Guinea studyMap of Guinea (Image: Dana Petroleum)Netherland, Sewell & Associates, Inc. (NSAI), completed an updated resource evaluation study for Houston-based Hyperdynamics Corp.'s oil and gas concession off the Republic of Guinea…
Panoro's DTM sidetrack encounters 20m oil pay Image: PanoroPanoro Energy ASA is pleased to announce an update to its drilling operations in the Dussafu Tortue Marin-1 (DTM-1) well drilled in the Dussafu Marin PSC, offshore Gabon, West Africa…
Subsea 7 to install flowlines and umbilicals Seven Borealis (Image: Subsea 7) ExxonMobil subsidiary Esso E&P Nigeria awarded a consortium of Subsea 7's Nigerian subsidiary and West African Ventures Ltd. an development contract for its deepwater Erha North Field off Nigeria…
By 2015 production to top 110,000 b/d of oil The central processing platform of the Mafumeira Sul project offshore Angola (Image: Chevron)Chevron subsidiary Cabinda Gulf Oil Co. Ltd. will proceed with the development of the Mafumeira Sul project located offshore Angola…
Angola project to produce 150,000 b/d of oil PSVM Project (Image: BP)Production had begun from BP and Sonangol's PSVM development in Block 31, off Angola, the partners confirmed on 1 February 2013.Three wells at the Plutao field are…
Panoro has struck oil at its wildcat well, Dussafu Torue Marin-1, off Gabon. The well, drilled by Saipem’s semisubmersible Scarabeo 3, found 13m of pay in a 22m oil column in the Gamba formation and 38m of pay within stacked reservoirs of the Dentale formation…
GE and GLS create Angolan manufacturing pact GE Oil & Gas CEO Dan Heintzelman speaks at the 2013 Annual Meeting in Florence, Italy.GE Oil & Gas has formed a new joint venture with Angola's GLS Holdings SA that will supply subsea equipment to the country's oil and gas industry…
Chevron grabs 75% stake in 3 deepwater areasClick to view larger mapChevron subsidiary, Chevron Morocco Exploration Ltd, has signed petroleum agreements with Morocco's Office National Des Hydrocarbures Et Des Mines for three offshore areas…
Eni discovers oil and gas pay at Sankofa wellTesting at Sankofa-2 ST (Photo: Vitol)Eni successfully drilled Sankofa East 2A, the first appraisal well of the Sankofa East oil discovery in the Offshore Cape Three Points (OCTP) block, located in the Tano Basin offshore Ghana…
TGS commences 3D data acquisition off LiberiaPolarcus Asima vesselTGS has commenced acquisition of a 3D multi-client survey, Sunfish, which covers up to 7,800 km2 of highly prospective acreage in the Harper Basin, offshore Liberia.…
Fugro-Geoteam completes Block C19 acquisitionMap of MauritaniaChariot Oil & Gas Ltd. has completed its 3500km2 3D seismic acquisition program in Block C19 offshore Mauritania. The survey was contracted to and carried out by Fugro-Geoteam…
McDermott, Allseas lock subsea pipeline FEEDMozambique mapMcDermott International, Inc. announced that one of its subsidiaries has teamed up with industry leader Allseas to provide a robust project execution strategy for the front-end…
Tullow has farmed-in on 40% of Houston-based Hyperdynamics’ offshore Guinea concession. A new drilling program, testing a deepwater fan prospect, is slated to begin 1 April 2014. Hyperdynamics and Dana Petroleum hold 37% and 23%, respectively.
Subsea 7 won a US$150 million EPCI topsides contract for Chevron’s Lianzi field offshore Congo and Angola. Subsea 7 will provide a 200t module hosting a high-voltage generation system for the new subsea electrically heated pipeline cable, 80t fl ow-meter deck extension, and platform upgrades.