Indian energy firm ONGC Videsh Limited (OVL) has agreed to buy a 10% stake in the Rovuma Area 1 block, offshore Mozambique, from Anadarko, for US$ 2,640 million. Area 1 covers about 2.6 million acres in the deepwater Rovuma Basin and…
Reliance Industries (RIL) and BP have made a second deepwater gas condensate discovery in the Cauvery basin offshore India. The discovery, named D-56, was made in well CYIIID5-S1 on Block CY-DWN-2001/2, in 1743m water depth, 62km off the coast…
Höegh LNG has signed a contract with an Asia based national oil company to conduct pre-front-end engineering design (FEED) engineering work for an offshore floating LNG facility (FLNG) with a two million-tonne per annum production capacity…
Upstream oil and gas investment on the UK Continental Shelf (UKCS) reached a record £13.5 billion this year, according to a new study. But, despite the high spending, production efficiency continues to be an issue in the North Sea, says Oil & Gas UK’s 2013 Economic Report…
Technip has joined forces with South African energy and chemicals firm Sasol to offer front-end engineering services on future Sasol gas-to-liquids (GTL) projects. The new alliance will also enable Technip to be part of the execution of GTL projects with Sasol…
Vince Cable, MP, secretary of state for business, innovation and skills (BIS) is to speak at SPE Offshore Europe 2013 at one of the conference’s keynote sessions. The session, The technology imperative – collaborating today to realise the next 50 years of North Sea potential…
Austrian energy group OMV is to buy Norwegian and UK North Sea assets from Norway’s Statoil in a US$2.65billion deal. The deal will see OMV acquire 19% interest in the producing Gullfaks field and 24% in the Gudrun field, both oil and gas fields offshore the Norwegian Continental Shelf…
Total encountered gas and condensate at its Diaman-1B well offshore Gabon, partner Cobalt International Energy announced. The well, located in the Diaba block, was drilled to 5585m total depth, finding 50-55m of net hydrocarbons in the pre-salt formations…
India's Oil & Natural Gas Corp. (ONGC) announced three offshore and one onshore discovery during Q1 of its fiscal year 2013-2014, which ended 30 June, and one additional onshore discovery in August 2013 (Q2). Offshore: New prospect discovery: exploratory well KGOSN041NANL-2…
Independent exploration firm Ophir Energy has said the preferred site for Tanzania’s first multi-train LNG facility could be announced later this year. The firm, a partner with operator BG Group on Blocks 1, 3 and 4, offshore Tanzania…
Mexican President Enrique Peña Nieto proposed his plans to reform Mexico’s energy industry in an effort to ease restrictions on foreign investment. The plan calls for amendments to articles 27 and 28 of the Mexican Constitution, which…
Energy company E.ON has said a gas discovery in block 42/28d in the UK southern North Sea is bigger than first thought. A well on the Tolmount discovery, 40km off the coast of East Yorkshire and to the west of the E.ON-operated Babbage gas field…
Kongsberg Oil & Gas Technologies AS (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA (KOG), has signed an agreement with Statoil for the delivery of subsea structures, in-line tees, tie-in and connection systems for the Polarled gas pipeline…
Norway-based multi-client seismic services firm Spectrum is to acquire 2D seismic offshore Croatia ahead of the country’s latest licensing round. Spectrum will acquire the seismic data using Cyprus-based Seabird Exploration. Seabird will acquire about 12…
Hansa Hydrocarbons is to acquire stakes in three southern North Sea gas fields from a subsidiary of Noble Energy. Under an agreement with Noble Energy Capital Limited, it will gain 24% equity interest in the Malory field, 25% in the Guinevere field and 2% in the Lancelot field…
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