UK independent RockRose Energy has completed its acquisition of Idemitsu Petroleum. RockRose agreed to acquire Idemitsu Petroleum from Japan's Idemitsu Kosan in October. Idemitsu's UK assets comprise a substantial number of producing fields in the North Sea…
BASF and LetterOne have agreed to merge their oil and gas subsidiaries Wintershall and DEA, creating a joint venture the companies say would become one of Europe’s largest exploration and production firms. Under the agreement, BASF would hold 67% of the shares in the venture…
A team of researchers from the University of Houston (UH) is working with the oil industry to develop new ways to predict when an offshore drilling rig is at risk for a potentially catastrophic accident. Ramanan Krishnamoorti, UH's chief energy officer…
Lukoil has started drilling the first production well at the Vladimir Filanovsky field after completing construction of the field’s second phase development facilities. The company plans to complete drilling early next year, Lukoil said in a 7 December statement…
Geoseismic firm CGG has acquired the first 38,000-line km of multi-client airborne gravity and magnetic survey over Mexico’s Perdido Fold Belt. This survey is the first of six areas to be acquired in a wider program totaling 200,000 line km across the Mexican Gulf of Mexico…
A new oil and gas technology accelerator has been created in Aberdeen, targeting 100 start-ups and 200 small to medium sized companies(SMEs). The accelerator, called TechX and set up by the public-funded The Oil & Gas Technology Centre…
SBM Offshore has been awarded a contract for the delivery of a turret mooring system for Statoil's US$5.9 billion Johan Castberg floating production, storage and offloading (FPSO) vessel. The Norwegian Barents Sea project will tap an…
Erin Energy has spud the Oyo Northwest (NW) well offshore Nigeria, the company announced today 6 December. Oyo-NW is a high-impact exploration well being drilled with the Pacific Bora, a sixth-generation drilling rig at offshore Nigeria block 120…
The US Bureau of Safety and Environmental Enforcement (BSEE) has reported a fatality onboard the Petrobras 10,000 drillship, in Walker Ridge 469, 172 mi south of Port Fourchon, Louisiana. Petrobras 10…
Danish oil firm Maersk Oil has published a video with timelapse footage and interviews with key people, showing the main 2017 milestones in the UK North Sea Culzean development. The Culzean field - discovered in 2008 - is in the UK central North Sea…
Houston-headquartered geoscience firm ION Geophysical has launched a 2D multi-client data package for offshore Argentina, ahead of the country's 2018 license round. ION has delivered a regional framework consisting of approximately 30…
West Africa focused African Petroleum has inked an agreement with Sierra Leone's Petroleum Directorate to enter a second extension periods on ultra-deepwater licenses SL-03 and SL-4A-10. The work programs for both licenses, in 3000-3600m water depth and containing the Leo and Vega prospects…
Inpex and partners Muanda International Oil Company (MIOC) and Chevron have been given a 20-year extension for a concession agreement on a block offshore Congo. The agreement, with the government of the Democratic Republic of the Congo…
Norwegian seismic firm Magseis and its BGP have been awarded an extension to an ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data in the Red Sea. The new survey is expected to run for more than seven months and will start in January 2018…
US wind developers Cape Wind have applied to relinquish its lease offshore Massachusetts, which at one time had been set to be America's first offshore wind farm. A series of setbacks endured by Cape Wind allowed the honor of America's first…
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