Wood Mackenzie has predicted upstream investment in East Africa will reach US$7 billion by 2018. Martin Kelly, head of Sub Sahara Africa upstream research for Wood Mackenzie, told delegates at the East Africa Oil and Gas Conference today…
UK-based engineering firm Wood Group is to form a joint venture with Germany’s Siemens to provide integrated rotating equipment services. The JV will comprise the maintenance and power solutions businesses of Wood Group GTS (excluding its Rolls Wood Group…
Corac Group subsidiary Corac Energy Technologies (CET) has signed an amendment to its contract with Aramco Overseas Company, a subsidiary of Saudi Aramco, for a revised scope of work to develop an in-pipe gas compressor (IGC). The amendment will enable CET to support the design…
Aker Solutions has secured a three year contract for the first phase of decommissioning the Murchison platform in the North Sea, operated by CNR International (UK). Aker Solutions will manage the engineering design, procurement and offshore…
Tanzania’ government has announced that the delayed 4th Licensing Round is to be launched later this month. Seven deepwater offshore blocks and the Lake Tanganyika North offshore block will be available in the round, to be launched in Tanzania’s capital Dar es Salaam…
Noble Energy, Inc. announced that the A-2 appraisal well drilled on the Block 12 discovery off Cyprus encountered about 120ft of net natural gas pay within Miocene-aged sands. The Cyprus A-2 well, which is more than four miles northeast of the A-1 discovery location…
BG Group successfully completed a drill-stem test in the Pweza gas field in block 4 off southern Tanzania. The Pweza-3 appraisal was drilled approximately 2km north of the original Pweza discovery well by the Deepsea Metro-1 drillship in 1400m of water…
Salamander Energy plugged and abandoned its offshore Ayutthaya exploration well prospect in Block G4/50 in the Gulf of Thailand as a dry hole. Ayutthaya is located less than 1 mi. northeast of the recent Surin oil discovery. The well was spud earlier this month…
W&T Offshore announced that it has acquited 20% interest in the Noble Energy's Dantzler prospect in the deepwater Gulf of Mexico. The Dantzler prospect is located in Mississippi Canyon blocks 738/782 off Louisiana. Noble has begun drilling…
Nord Stream has completed what is has described as a record-setting PIG run by running a pipeline inspection guage (PIG) along a 1224km route over 10 days. The run was to carry out a comprehensive inspection of the internal condition of both the Nord Straem pipelines…
Chevron Technology Ventures (CTV) announced today that it has launched its CTV Fund V, a US$90 million venture capital fund to invest in early- to mid-stage companies and in limited partnership funds. Investments from CTV Fund V will…
German operator RWE Dea UK has agreed a five year, £40 million, contract with engineering and operations support services contractor Offshore Design Engineering (ODE) to support its southern North Sea fields. ODE has already been working for RWE…
Drydocks World today marked the sailaway of the Prelude floating liquified natural gas (FLNG) vessel turret modules to the owner Shell. The first Module, the bogie support structure, standing 22m high, with a diameter of 30m and weighing…
Statoil ASA, along with partners Eni Norge and Petoro, made a gas discovery at the Iskrystall prospect on PL608 off Norway in the Barents Sea. The well is approximately 30km southwest of 7220/8-1 Johan Castberg and about 240km north of Hammerfest…
Ithaca Energy has agreed string of farm-out deals on a number of UK North Sea assets. Newly formed private-equity backed Oyster Petroleum is to take a 9% working interest in west of Shetland licences containing the Handcross prospect…
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