Sterling Resources transferred its 40% interest in Block 27 Muridava in the Romanian Black Sea, held by its wholly-owned subsidiary Midia Resources SRL, to Petroceltic's Romanian subsidiary. Approval of the transaction has been received…
Northern Petroleum announced that the environmental impact assessments (EIA) for its three remaining exploration permit applications in the southern Adriatic have been approved. These approvals are in addition to the two EIA approvals for exploration permit applications announced on 10 June 2015…
Sound Oil, the European- and Mediterranean-focused upstream oil and gas company, has announced the approval of the environmental impact assessment for the award of the D503-BR-CS permit, covering Sound Oil's Dora and Dalla assets in the Adriatic Sea…
MacGregor, part of Cargotec, signed a contract with Daewoo Shipbuilding & Marine Engineering Co. in South Korea to supply a range of Hatlapa deck machinery for 10 172,600cu m liquefied natural gas (LNG) carriers. MacGregor will deliver electrically-driven deck machinery…
AGR released new functionality for its bespoke well data software, iQx that will improve the analysis of spatial well data by using data collected from more than 6000 wells drilled on the Norwegian continental shelf. The new GEO module is aimed at geologists and petroleum engineers…
Shell has cleared its first hurdle in order to progress its takeover of BG Group, the supermajor announced on 16 June. Shell received an early termination of the US antitrust waiting period from the US Federal Trade Commission. The company…
Europa Oil & Gas' Porcupine basin off Ireland is valued at US$1.6 billion and potential resources of 1.49 billion boe, according to an independent assessment by ERC Equipoise (ERCE). Map from Europa…
Tropical storm Bill in the Gulf of Mexico (GOM) is causing rig evacuations. The storm is 300mi wide, with winds up to 50 mph and rainfall from 6-10in in some areas. Tropical Storm Bill (2015). From NOAA's National Hurricane Center Facebook…
More woes for the Norwegian oil and gas industry as Statoil announced it would cut potentially 1100-1500 permanent positions and 525 consultants by the end of 2016. 'We regret the need for further reductions, but the improvements are…
The last few years have seen significant advances in reservoir modeling technology, aiming at removing some of the critical bottlenecks in underlying work processes. Ingrid Aarnes. Given…
J2 Subsea opened a new subsea tooling facility at sister Acteon company, Seatronics’, subsea electronics location in Houston. The new facility marks the next stage in J2 Subsea’s global expansion plan. North American customers can…
Energean Oil & Gas announced that it is to conduct a new 3D seismic survey over the Prinos oil field and its surrounding licenses, in the Gulf of Kavala, northeastern Greece. The 3D survey will cover an area of 400sq km and will last approximately three weeks…
Following its acquisition of Abu Dhabi-based Totus Energy, in October 2012, Dron & Dickson has announced strategic plans to continue growth in the Middle East. Previously Totus Energy, the Middle East operation will now trade under the Dron & Dickson name…
The Sparrows Group has boosted its senior management team with the appointment of Steve Bertone, to head up its operations across the Americas. In his new role, Bertone will be based in Houston and will oversee all of Sparrows Group’s operations in the US…
The Petroleum Safety Authority Norway (PSA) granted an extension to ExxonMobil to use the Jotun A floating production storage offloading (FPSO) vessel and Jotun B wellhead platform beyond their original expected lifetimes in the North Sea…