CNOOC Ltd. made a new, “mid-to-large” discovery at Jinzhou 23-2 in Bohai, offshore China. The Jinzhou 23-2 structure is located in the north part of Liaodong Uplift of Bohai with an average water depth of about 10m. The well Jinzhou…
State-owned oil company Petróleos Mexicanos (Pemex) has issued two series of notes totaling US$1 billion, guaranteed by the US Export-Import Bank. Pemex is using the proceeds from the sale of the notes to purchase goods and services…
The Danish Energy Agency (DEA, Energistyrelsen) reported record interest from oil and gas companies in the upcoming licensing round for blocks in the North Sea. DEA received 25 applications from 15 oil companies, and several applicants have not previously held licenses in Denmark…
Chevron Corp. made a new oil discovery in the Keathley Canyon Block 10 located at the Guadalupe prospect in the deepwater US Gulf of Mexico. Transocean’s Discoverer India. From Chevron. Well No…
GDF SUEZ E&P and BP have made an oil and gas discovery spanning two blocks in the in the UK Central North Sea. The discovery well 30/1f-13AZ, which spans GDF SUEZ-operated Block 30/1f (license P1588) and BP-operated Block 30/1c (license P363)…
InterMoor, an Acteon company, has completed two major offshore projects for China Offshore Oil Engineering Corporation (COOEC). To extend the life of the Hai Yang Shi You III FPSO, the first project involved full mooring system replacement in the Panyu field…
ConocoPhillips kicked-off the drilling campaign on its Eldfisk II project with Maersk Innovator. Five wells have been pre-drilled, and the drilling operations of the remaining 35 wells has now begun. Eldfisk II is one of four fields that comprise the Greater Ekofisk Area…
CAGE, Centre for Arctic Gas Hydrate, Environment and Climate selected Kongsberg Maritime to develop and deliver two ocean observatories. Jürgen Mienert (Director CAGE, left) and Arild Brevik (Konsberg Maritime)…
Electromagnetic Geoservices ASA (EMGS) won a contract for 3D EM data acquisition in Malaysia. The survey will begin 24 October using the BOA Thalassa vessel. From a letter of intent, received on 6 October 2014, the contract is worth US$6…
The US Bureau of Ocean Energy Management (BOEM) is inching closer to an oil and gas lease sale in the Cook Inlet offshore Alaska. The agency said it intends to publish an environmental impact statement (EIS) in the federal register on 23 October 2014 for Sale 244…
Updated at 22 October 2014 at 3 p.m. Pemex called off the evacuation of its 15,000 workers in the Bay of Campeche after severe weather conditions improved. Earlier today, OE reported that Mexican national Pemex began evacuating its…
Shell made a large exploration discovery at the Leopard-1 well, offshore Gabon, West Africa. The exploration well encountered a substantial gas column with around 200m net gas pay in a pre-salt reservoir. Leopard-1 is located in license BCD10 approximately 145km off the Gabonese coast…
Total’s board of directors has appointed a new CEO, following the death of its chairman and CEO Christophe de Margerie (pictured right) in a plane crash in Moscow late on Monday night. Patrick Pouyanné, Total’s President of Refining & Chemicals…
Italian industrial group Lucchini has agreed a deal to acquire a 49% stake in fellow Italian steel forgings firm Mamé Group, with a clause which could see it take on more share, to gain a controlling stake, in 2017. Mamé Group, based…
FMC Technologies reported a 15% increase in revenues and its highest quarterly subsea margins in four years, thanks to its Subsea Technologies division. Subsea Technologies saw a 16% increase in Q3 revenue, at US$1.3 billion, compared to the previous quarter…