SOCAR-AQS signed a joint venture (JV) agreement with Archer Assets UK and Nobel Oil Services to establish Oğuz Drilling, a new platform drilling company in Azerbaijan, with a focus on the Caspian Sea. With support from SOCAR-AQS, Archer and Nobel Oil Services…
Aqualis Offshore has been reappointed by United India Insurance Co. to provide marine warranty services to the Oil and Natural Gas Corp. (ONGC), offshore India. Under the agreement, Aqualis will provide marine warranty services to ONGC´s…
One person is dead and 60 were injured following an event related to the Mexican Petroleum Congress (Congreso Mexicano del Petróleo) being held in Guadalajara last night, according to a report by the Zapopan municipal government’s Facebook page…
Afren’s Group Finance Director Darra Comyn (pictured) has resigned, effective this summer, the company announced on 12 June. The London-based, Africa-focused, explorer will now begin a search for a new CFO. Afren said Comyn will stay…
Tullow and Pancontinental Oil & Gas subsidiaries entered into an agreement to amend the farm-out agreement for exploration license 0037 (EL 0037) which covers 17,295sq km (4.2 million acres) in water depths extending to 1800m in the Walvis basin offshore northern Namibia…
Bergen, Norway-based Rocksource has selected former Tullow Norway head, Roar Tessem, as its new CEO, following the departure of Terje Arnesen, whose exit was announced on 1 June. Tessem has 30 years’ experience within the exploration and production industry…
Shell is on the brink of Arctic exploration after the 9th US Circuit Court of Appeals upheld the US Bureau of Safety and Environmental Enforcement’s (BSEE) approval of the US supermajor’s oil spill response plan (OSRP) on 11 June. The Noble Discoverer…
MX Oil announced a number of amendments to its joint venture agreement with its local partner Geo Estratos (Geo), which include an increase in MX Oil's interest in any concessions or exploration and production contracts to 55% from 51%…
Lundin Petroleum successfully completed drilling two appraisal wells that encountered hydrocarbon pay in the Alta discovery offshore Norway, in the Barents Sea. The Island Innovator. Image from Island Drilling…
Spectrum announced that their vessel has arrived in Mexico and started the acquisition of their Gulf of Mexico 2D campaign, in collaboration with Schlumberger. The first phase of the acquisition program Mexico Campeche-Yucatan 2D Regional…
Statoil awarded an eight-year contract for the design and supply of production chemicals and services for the Mariner Field to Baker Hughes in the UK. Contract start date is anticipated to start in July 2015 and also includes an extension option of four years…
Another round of job cuts are on the way as Aker Solutions and FMC Technologies move to reduce their workforces in Norway. Norwegian-based Aker Solutions said on Thursday (11 June) that it notified employees at its subsea services center in Agotnes…
China National Offshore Oil Corp. (CNOOC) commenced production at the Dongfang1-1 gas field Phase I adjustment project ahead of schedule, in the South China Sea. Image from CNOOC. The…
The Aberdeen & Grampian Chamber of Commerce released findings today (11 June) from its 22nd Oil and Gas Survey conducted in partnership with law firm Bond Dickinson, which revealed startling new numbers showing that confidence levels in the…
The global capital spending on newbuild and converted floating production storage and offloading (FPSO) vessels could reach US$8.65 billion this year, according to consultancy firm Visiongain. The largest spend will be focused on offshore…