Wintershall's Kvalross exploration well in the Norwegian sector of the Barents Sea (Faroe 40%) is being abandoned after it was found to be non-commercial. The well, 7224/2-1, was spudded on 11 January, and reached a total vertical depth of 2917m in the Lower Triassic Havert formation…
José Antonio González Anaya has only been on the job for two weeks, but he’s ready to work. The new head of Pemex made his debut at IHS CERAWeek on Tuesday afternoon in a discussion session with IHS moderators Daniel Yergin and Carlos Pascual…
Global oil prices are bound to turn around to play its part of the oil and gas industry’s cyclical series that has been in place for decades, with standardization playing a key role, industry experts said at IHS CERAWeek in Houston on Tuesday…
Three of Latin America’s top oil and gas companies, Pemex, Ecopetrol, and Petrobras, gathered to speak in Houston this morning at IHS CERAWeek with a mirrored message that echoes in the industry across the world: the main challenges that…
Seajacks' latest newbuild self-propelled wind farm installation jackup unit Seajacks Scylla is to be mobilized at Gibdock in Gibralter. The unit was delievered to Seajacks by Samsung Heavy Industries at the end of 2015, and discharged…
Were the North Sea’s oil and gas industry not already depressed enough, the latest results from an annual survey of the sector, revealed in Aberdeen this morning, will surely ensure it’s descent into sclerosis. Attendees at the launch…
Mexican President Enrique Peña Nieto told delegates at this year’s IHS CERAWeek forum in Houston that the fourth phase of Mexico’s historic Round One, will go forward in early December. The long-anticipated fourth phase of Round One will auction off 10 deepwater blocks…
The European Union (EU) suspended the deadline for its review of Halliburton’s US$34.6 billion pending acquisition of Baker Hughes last week, about a month after the EU opened an in-depth investigation to find out if the merger would impede effective competition…
PGS will conduct an 8200sq km survey of the Nordland Ridge area of the Norwegian Sea commencing early May, to be completed in 2016. A Base Cretaceous horizon from the Norwegian Sea showing the location of the new GeoStreamer survey…
Fugro has won a contract to provide offshore survey and positioning services at the Kaombo oil development offshore Angola. Under the contract awarded by Technip, Fugro will provide offshore deepwater survey and positioning services to…
In the Gulf of Mexico, Chevron is putting its focus on its deepwater assets, and is on the fast-track to sell its shelf assets in the area, as the company looks to divest up to US$10 billion in the next two years. Big Foot…
The International Association of Oil & Gas Producers (IOGP) has a new chair, Monika Hausenblas, Royal Dutch Shell’s executive vice president safety and environment. Hausenblas was elected at the February meeting of the IOGP’s management committee – IOGP’s equivalent of a board of directors…
Mexico’s Comisión Nacional de Hidrocarburos (CNH) authorized CGG to commence a multi-client airborne gravity and magnetic survey offshore Mexico, which will include the acquisition of approximately 200,000km over six areas across the Mexican Gulf of Mexico…
A Kaliningrad-focused subsidiary of Russia's Lukoil has been granted a right to explore for oil and gas in the Russian sector of the Baltic Sea. The area includes the D33 oil field, discovered in 2015 using a Russian-made jackup drilling rig…
Nexans Norway and IKM Subsea have come to an agreement to extend the current ROV services contracts on board the C/S Nexans Skagerrak. The contract value including options is NOK 75 million and duration term is firm for three years plus two yearly options…
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