Mozambique puts licensing terms under review Mozambique is in the process of updating its licensing regulations ahead of its 4th Licensing Round. Arsenio Mabote, Chairman, Instituto Nacional de Petroleo (INP, the national oil company of Mozambique)…
Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquires 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by ExxonMobil, under an agreement signed by the two companies. Rosneft President Igor I…
Just as CNOOC’s Fanrong Li’s luncheon keynote speech came across as defensive, Canada’s Minister of Natural Resources Joe Oliver followed a similar trail in his address at IHS CERAWeek on Wednesday. Oliver passionately made the case for his country’s oil sands…
US President Barack Obama announced on Monday that he will nominate Ernest Moniz and Gina McCarthy to fill vacancies at the Department of Energy and the Environmental Protection Agency, respectively. Obama nominated Ernest Moniz to US Department…
Norwegian Ministry of Defense approves sale of Olavsvern naval base outside Tromsø.Location of Olavsvern naval baseThe sale is to the investor group Triko AS which includes Odfjell Drilling, PSW Rig Service, and in cooperation with Petro Support Group…
Alam Maritim Resources Berhad announced that its wholly owned subsidiary, Alam Maritim (M) Sdn Bhd, based in Kuala Lumpur, has accepted the award from Petronas Carigali Sdn Bhd, Peninsular Malaysia operations to provide two offshore support vessels (OSVs) to support Petronas’ drilling campaign…
BP named Janet Weiss Regional President of its Alaskan branch, effective 15 February 2013.Janet Weiss (Photo: BP)Weiss succeeded John Mingé, who now serves as Chairman and President of BP America Inc. after heading up BP’s Alaska business since January 1…
Bremerhaven, 15 February 2013. Current measurements of the ESA ice thickness satellite CryoSat-2 have shown that the total mass of the Arctic sea ice was 36% smaller last autumn than during the same period in the years 2003 to 2008. Five years ago…
Chevron, Exxon, Shell, Statoil, and Petrobras are working with Magma Global to develop and qualify a taper stress joint using Magma’s m-pipe technology. The project, which began mid-February 2013, will focus on a 15ksi 8' taper stress joint…
Investment in North Sea oil and gas production has been predicted to top a 30 year high - but cost per barrel has risen five-fold in the past decade, according to analysis by the industry.Malcolm Webb, chief executive of Oil & Gas UKOil & Gas UK…
Hercules Offshore Inc. acquired the offshore drilling rig Ben Avon from a subsidiary of KCA Deutag for US$55 million in cash, the company announced on 21 February 2013. Ben Avon Jackup Rig (Image: KCA Deutag)The Ben Avon is a LeTourneau Class…
WorleyParsons agreed to acquire 100% of the shares of Bergen Group Rosenberg AS for a cash consideration of NOK 1 billion (including more than NOK 200 million of acquired cash). Norwegian-listed Rosenberg is a wholly-owned subsidiary of Bergen Group ASA…
Palfinger Dreggen AS has been awarded a contract for the delivery of 28 cranes to Sembcorp Marine’s subsidiary Jurong Shipyard Pte. Ltd. The contract includes the supply of cranes for seven drillships to Sete Brasil, scheduled for delivery between 2014 and 2017…
EMAS Group, part of Ezra Holdings Ltd., won Shipowner of the Year at the 7th Annual Offshore Support Journal Conference and Awards ceremony in London on 19 February 2013.EMAS founder Lee Kian Soo (Image: Ezra Holdings Ltd.)In addition to Shipowner of the Year…
Ole Sanne and Jim Dåtland appointed CCO, CFOFrom the left: Ole Sanne, Håvard Strand, Kristian Korsbø, Steinar Riise, Odd-Arne Kleveland (Image: Ocean Installer)Ocean Installer announced it will appoint current CFO Ole Sanne to the newly established role Chief Commercial Officer…
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