Engineering services firm Wood Group PSN (WGPSN) has been awarded a multi-million dollar contract extension for services on the Hibernia platform, offshore Newfoundland and Labrador. WGPSN is providing engineering, procurement and construction on Hibernia…
Cairn Energy has confirmed an oil find on the SNE-1 well offshore Senegal, but says a deeper target was dry. The SNE-1 well discovered oil in the upper clastic target, but no hydrocarbons were subsequently encountered in the deeper target…
Technip is to name its latest newbuild dive support vessel (DSV), currently being built by Vard, the Deep Explorer. The high-specification, DP3 vessel will feature a 24-man saturated dive system, large deck area, moonpool, work-class ROVs…
The Russian National Committee for United Nations Environment Programme (UNEPCOM) endorsed Rosneft and the Russian Geographical Society's initiative to continue its Arctic research program. This program will help define the principles of economic activity regulations in the region…
Speaking at Tuesday's 2014 Deloitte Oil & Gas Conference in Houston, former Petroleos Mexicanos (Pemex) CEO Dr. Jesus Reyes-Heroles weighed in on the country's historic energy reform. Reyes-Heroles said that he expects the Mexican energy reform to impact the GDP by 4…
Eni and the Turkmen State Agency for Management and Use of Hydrocarbon Resources have signed a memorandum for the possibility of extending Eni's current activities in Turkmenistan to the country's offshore sector in the Caspian Sea. Eni's…
Lundin Petroleum’s Kitabu-1 exploration well, in Blocks SB307/SB30, offshore Sabah, Malaysia, came up dry, the Swedish independent announced on 18 November. Lundin said that the primary reservoir interval contained poor quality siltstone…
Eni and Sonangol have agreed to up a joint team aimed at studying the potential of the non-associated gas present in the Lower Congo basin. Under the agreement, Eni and Sonangol will set up a joint team aimed at studying the potential…
Eco (Atlantic) Oil & Gas has started a 1000km 2D seismic survey on the Guy Block in the Walvis Basin, offshore Namibia. Eco Atlantic is using PGS Geophysical to perform the Survey, which is expected to be completed by the end of the month…
South Stream Transport, the company charged with overseeing the planning, construction and operation of the South Stream pipeline is ready to start construction on the most complicated part of the project, Gazprom says. Once built, South…
Fosun International subsidiary Transcendent Resources has almost completed its off-market takeover bid of Roc Oil. The Hong Kong-based Fosun announced that it has received acceptances of 92.595% of all existing Roc shares, which translates to 363…
SeaBird Exploration Plc received a contract award to use the MV Harrier Explorer for a 2D seismic survey in West Africa. The letter of award is for a survey with a minimum size of 2000 km, valued at approximately US$2million…
Hess Corp. began production from the Tubular Bells field, located in the Mississippi Canyon area of the deepwater Gulf of Mexico. The Tubular Bells floating production facility. From Hess…
Halliburton and rival Baker Hughes have agreed to merge in a deal worth US$34.6 billion in stock and cash. Significant synergy opportunities graph from Halliburton. According to Halliburton…
Houston-based Paragon Offshore has launched a bid to take over Prospector Offshore Drilling by buying 55.8% of the Oslo stock market-listed drilling firm's stock. Paragon, which spun out of Noble Corporation in August this year, said…