Eni has acquired a 25% stake and operatorship in an ultra-deepwater block off Pakistan. Block G in Pakistan’s Indus Basin comprises approximately 7500km2. Eni currently holds participating interest in adjacent Indus block C (60%) and block N (70%).
Gordon Birrell BP head of safety and operational risk for Azerbaijan, Georgia and Turkey, is replacing Rashid Javanshir as regional president. Javanshir, who had run BP’s AGT operations since 2009, returns to London as SVP for strategy and integration.
Aquaterra Energy has secured a contract to design and install 260 centralisers for BP's latest development on the West Chirag platform in the Azeri-Chirag-Guneshli (ACG) oil fields in the Caspian Sea. The contract covers pre-engineering…
Like a Christmas present, what was widely rumored and anticipated following recent Israeli hydrocarbon discoveries, Houston’s Noble Energy announced in late December 2011 the results of its recent well in the Cypriot Economic Zone. It contains up to 9tcf of natural gas…
Saipem has won new onshore drilling contracts worth approximately $500 million, the company announced on 23 November 2012.Saipem will utilize 13 rigs, three of which will be new purpose-built units, for work in Saudi Arabia, South America and Kazakhstan…
Aker Solutions has ended the process to acquire the Dubai-headquartered oil services company NPS Energy. Aker Solutions announced an agreement to buy the shares in NPS Energy on 21 May 2012. The agreement was conditional upon a series of parameters…
The annual average oil price of global benchmark Brent crude for 2011 is poised to be the highest (in both real and nominal terms) since 1860, the year after the birth of the modern oil industry in Titusville, Pennsylvania, according to a report by IHS Cambridge Energy Research Associates…
Wood Group PSN (WGPSN) has been awarded a contract by DNO Middle East to provide engineering and project support services to the Tawke field, in the Kurdistan region of Iraq. The contract marks WGPSN’s expansion into Iraq.The energy services company will deliver engineering studies…
Dana Petroleum is bringing new wells into production in Egypt, through its Joint Venture company Zeitco – and has also been successful in the 2011 EGPC bidding process.Dana completed the East Zeit A17Z well on 8 September as a successful oil producer…
DNO International's Benenan-3 well in the Kurdistan region of Iraq has encountered oil, the Norwegian company announced on 6 November 2012.The Benenan-3 well, which was drilled on the Erbil license, encountered an additional 210 meter oil…
INPEX has signed a service contract with the Iraqi State Oil Compnay (South Oil Company) for the onshore Exploration Block 10 jointly with LUKOIL.INPEX and LUKOIL have been successfully awarded the rights to explore the Exploration Block 10…
Eddie Moore has joined Zenith Oilfield Technology, recently acquired by Lufkin Industries, as manager of sales and operations for the Middle East and Africa, working out of Oman. Peter Smith (pictured), previously with Weatherford, has…
As the tension between Israel and Iran ratchets up, an interesting sub-text has developed over the role of Iran’s traditional backer, Russia. While many Western observers continue to raise the spectre of a ‘wider Middle East conflagration’, and one that could drag in Russia…
Getting the drilling facilities design process right not only ensures the operator gets the ideal rig for the job but also increases HSE and operational efficiencies and cuts rig construction and commissioning costs. Andy Kay and Rodrigo Rendon discuss the RDS approach…
French premium tubular solutions specialist Vallourec reports that its new-generation Vam 21 threaded connection is now also enjoying commercial success in the Middle East after making early market inroads in the North Sea, Brazil and Southeast Asia…