Tulip Oil will pick up partner PA Resources’ 30% equity in blocks Q7/Q10a off The Netherlands. Under the agreement, Tulip Oil will pay a consideration of almost US$1.6 million upon completion of the transaction; further payment is contingent on certain asset milestones being met…
Nigeria focused Oando Energy Resources Inc. (OER) has completed the acquisition of ConocoPhillips' Nigerian upstream oil and gas business for a total cash consideration of US$1.5 billion, after customary adjustments, plus a deferred consideration of $33 million…
The Leman compression module at HSM Offshore, Schiedam. Photos from HSM Offshore. HSM Offshore has added new contracts to its order book, but more could be done by the industry to reduce costs and more efficiently use assets…
IHS' Chief Upstream Strategist Bob Fryklund addresses 2014 Offshore Technology Conference. Photo: Audrey Leon/OE. Mozambuque is thought to be the jewel in East Africa's crown, but will its abundant gas resources pay off for the country…
FAR Ltd. recently completed detailed geotechnical studies and assessed significant hydrocarbon resource potential in its Guinea Bissau 3 blocks offshore, Sinapa Block 2 and Esperanca Block s 4 A /5 A in West Africa. (FAR: 21.43% paying interest…
Delek Group released a resource assessment report on its Tamar Southwest project that showed an average 684 Bcf of estimated undiscovered gas reserves in place in the project. This value is the undiscovered resource potential in two sands…
The Norwegian Petroleum Directorate’s (NPD’s) mapping of the southeastern Barents Sea and the area surrounding Jan Mayen will result in an approximate increase of 15% in the estimates of undiscovered resources on the Norwegian shelf.This…
Australian-listed exploration firm FAR says prospects offshore Kenya and Senegal “much larger than we originally assessed”.Announcing the outcome of updated prospective resource estimates following the completion of internal technical studies…
Kitimat LNG illustrationChevron buys EOG, Encana stake in Kitimat LNGEOG Resources and Encana have sold their shares in Kitimat LNG and the Pacific Trail Pipeline to Chevron, the supermajor announced on 24 December 2012.The financial terms of the deal were not disclosed…
Mark Papa chairman and CEO of US independent EOG Resources was presented with the 2012 L Frank Pitts Energy Leadership Award by the Dallas-based Maguire Energy Institute at SMU Cox School of Business. The award recognises a spirit of entrepreneurship…
Against a background of continuing financial uncertainty the oil price remains reasonably high, as does the level of activity in the North Sea, particularly in Norway with the planned development of the substantial Johan Sverdrup find. Reserves estimated at 1…
Just as its current workload was drawing to a close, the HSM Offshore yard picked up a substantial construction contract from GDF Suez E&P Nederland for the operator's Dutch sector L5 and D18 projects. Tenders included three (two x 1200te, one x 1800te) topsides plus jackets…
HSM Offshore’s Schiedam yard in the Netherlands recently completed a wellhead platform for UK independent EOG Resources’ Conwy field in Irish Sea block 110/12. The topsides weight was 850t, the jacket 690t and the piles 700t. HSM started platform…
The steady workload situation at Schiedam-based HSM Offshore continues to be the envy of many North Sea fabricators. Business was good when OE last visited the yard a year ago; it’s got even better since, as David Morgan reports.Back in the summer of 2010 Total’s K5-CU platform (850t topsides…
The days may be numbered for resource nationalism, Robert Johnson told the Houston World Affairs Council at the Mayer Brown offices late October. ‘Not every country is equally capable of exercising a campaign of resource nationalism,’ said Johnson…
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