Mexican officials, including the executive director of the Agencia de Seguridad Energia y Ambiente (ASEA), recently outlined Mexico’s reform efforts and highlighted issues on which the country is working including Transboundary field development…
Mexican state oil company, Petróleos Mexicanos (PEMEX) is being forced to decrease its budget by US$4 billion, representing an 11.5% decrease from last year, in order to maintain financial balance due to falling oil prices. Image of Lozoya…
Sterling Energy has agreed to acquire a 40.5% stake in the shallow water Block C-3 production sharing contract offshore Mauritania from Tullow Oil 's Mauritanian subsidiary. Tullow currently holds a 90% stake in the license with Société…
Eni has started production from Nené Marine field, offshore Congo, just eight months after obtaining the production permit and 16 months following the exploration discovery. The 1.5 billion boe field, in Marine XII Block, about 17 km from the coast and in 28m water depth…
The shallow waters of the Persian Gulf, also known as the Arabian Gulf, belie the plethora of offshore infrastructure – new and old – in the Middle East. Elaine Maslin probes beneath the waves. In 2005…
Mexico has opened bidding for oil exploration rights in 14 areas of the Gulf of Mexico to domestic and international companies after upstream oil regulator, Comision Nacional de Hidrobarburos (CNH), this week approved rules for the first part of Bid Round 1…
Bourbon’s Rodolphe Bouchet explains how the company’s new Explorer 500 series shows its commitment to standardization, which offers time and cost savings. The PSV Bourbon Explorer 504 at sea. Photos from Bourbon…
One person is dead and three are injured after an explosion at Fieldwood Energy's Echo Platform at West Delta 105 in the US Gulf of Mexico. The Bureau of Safety and Environmental Enforcement (BSEE) said it is currently responding to the incident in cooperation with the US Coast Guard…
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…
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…
While the specific terms of Mexico’s new contractual frameworks for its oil and gas industry are yet to be announced, the regime appears an attractive one and should be conducive to active bidding, according to an analyst with research and consulting firm GlobalData…
Eni has made a light oil discovery estimated to contain about 1billion boe in place in the Minsala Marine exploration prospect in shallow waters offshore Congo. The discovery, in the Marine XII Block, about 35km from shore and 12km from the recent Nené Marine discovery…
Drilling has completed on Lundin Petroleum's Gobi-1 wildcat in the Gurita production sharing contract (PSC), located off Indonesia in the Natuna Sea’s West Natuna basin. The prospect is being plugged and abandoned after failing to find hydrocarbons…
The US Environmental Protection Agency (EPA) lifted a suspension and proposed debarment and removed the statutory disqualification imposed on Houston-based explorer W&T Offshore, the company announced on 5 August 2014. US EPA Administrator Gina McCarthy…
Galp Energia will plug and abandon its Tao-1 exploration well in the Tarfaya block offshore Morocco after encountering unfavorable reservoir quality in the Trident objective, partner Tangiers Petroleum announced on 4 August 2014. The…