Pan Pacific Petroleum has agreed to sell its 5% interest in Block 07/03 in the Nam Con Son Basin in the South China Sea, to Spain's Repsol for US$5 million. Block 07/03, operated by Talisman (part of Repsol), includes the Cá Rồng Đỏ (CRD)…
Malaysia Marine and Heavy Engineering has been awarded an engineering, procurement, construction, installation and commissioning of central processing platform (CPP) for Petronas' Bokor Phase 3 re-development, offshore Malaysia. The first…
A federal court in Brazil has suspended the transfer of Petrobras' stake in the BM-S-8 exploration block, which contains the Carcará field, to Norway's Statoil, and exploration of the field, until further deliberation, the Brazilian state-owned firm announced Monday (17 April)…
China’s CNOOC is opening 22 blocks for bids to foreign companies this year. Map of the 22 open blocks, from CNOOC. The 22 blocks cover an area of 47,270sq km, and are available for cooperation between CNOOC and foreign companies…
ABS has broken ground on its new global headquarters in the Houston area. Image from ABS. In the CityPlace 2 development, the new headquarters will be located near the intersection of I-45 and the Grand Parkway in Houston…
The Alaska Department of Natural Resources, Division of Oil and Gas has opened its Alaska Peninsula Areawide 2017 (APA 2017) and the Cook Inlet Areawide 2017W (CIA 2017W) oil and gas lease sales. The Alaska Peninsula Areawide lease sale covers about 4 million gross onshore acres and 1…
EC-OG switched on the Subsea Power Hub (SPH) for the first time yesterday (13/04). The ocean current energy conversion system was successfully installed Friday, 14 April, and is now fully operational. The unit, which is being tested at EMEC’s Shapinsay sound test site…
Test production from the Rolvsnes or Edvard Grieg South (EGS) discovery offshore Norway is expected to start in 2019, according to Rex International Holding, which holds a 30% stake in the license through subsidiary Lime Petroleum. Map of PL338C…
Mexico is delaying the bid process for companies to partner with Petróleos Mexicanos (Pemex) for its shallow water areas Ayín-Batsil, by three months. Image from Pemex. The country’s regulator…
US engineering house KBR has signed a multi-phase 10-year master contract with Chevron to provide engineering and procurement services for Chevron in multiple global locations. Under the master contract, KBR's engineering offices in multiple…
Russian's Lukoil says its Phase 2 Vladimir Filanovsky LSP-2 ice-resistant topsides have set sail for the Caspian Sea. Production from the project is due at the end of this year. Phase 2 of Vladimir Filanovsky field development provides for the construction of a fixed ice-resistant platform…
Canadian explorer Husky Energy has signed a production sharing contract (PSC) for a new exploration block offshore China. Block 16/25 is in the Pearl River Mouth Basin, about 150km southeast of Hong Kong. Husky expects to drill two exploration wells on the shallow water block during 2018…
Claudio Descalzi has been re-appointed as Italian oil firm Eni's CEO and general manager by its board of directors. Born in Milan, Descalzi has been Eni’s CEO since May 2014. He joined Eni in 1981 as an oil and gas field petroleum engineer…
Scottish engineering company Scotrenewables Tidal Power has reached full rated power from its 2MW tidal energy device at the European Marine Energy Centre, Orkney. It is the highest power tidal energy device in the market. After undergoing…
In the first of two German auction rounds, the Bundesnetzagentur (Germany’s Federal Network Agency) awarded DONG Energy the right to build three offshore wind projects in the German North Sea. DONG Energy submitted six projects in the…