Italian giant Eni and the Egyptian Government entered into an agreement for three amendments for the IEOC concessions, both onshore and offshore Egypt that will see the Italian giant make an additional investment of more than US$2 billion in the next four years…
Dallas-based Kosmos Energy encountered a “significant play-extending” discovery at its Marsouin-1 exploration well, offshore Mauritania, Africa, marking its second significant natural gas discovery within eight months in the area. Map of Block C8…
Technip Oceania has awarded Civmec a fabrication contract for 17 subsea jumper spools and associated lifting equipment for Shell’s Prelude FLNG project. Civmec said it has gained valuable experience through the delivery of spools for…
Xcite Energy has agreed a deal with Azinor Catalyst that will see Azinor carry out at technical evaluation of the blocks in its license P1979 in the North Sea in return for a 40% stake in the license. Block P1979 contains blocks 9/4a…
Tullow Oil's TEN development project offshore Ghana is about 75% complete and on schedule and on budget to deliver first oil in mid-2016, the firm said this morning. The floating production, storage and offloading vessel for the project…
Saudi Aramco and Hyundai Heavy Industries (HHI) have signed a general memorandum of understanding (MoU) to jointly collaborate on business development opportunities in Saudi Arabia. The MoU lays out a comprehensive, multi-faceted business cooperation framework in areas such as engineering…
Global Petroleum subsidiary Jupiter Petroleum has had its first license renewal period for offshore Namibia agreed. The First Renewal Period is for two-years, starting 3 December 2015, covering Petroleum Exploration License 29 covering blocks 1910B and 2010A in the Walvis Basin…
UK-based independent Premier Oil says it has lined up key 'world class' contractors to provide the vessel and infrastructure for its Falklands Islands Sea Lion development, after completing pre-front end engineering and design on the project…
Nabirm announced that in conjunction with its partner, NAMCOR (10%) that it has concluded the interpretation of a 2D seismic survey on Block 2113A located in the Walvis basin, offshore Namibia, by US-based ION Geophysics. The license…
Atwood Oceanics has announced two contract activities in the Gulf of Mexico (GoM) and offshore Brazil. The Atwood Advantage. From Atwood Oceanics. An Atwood Oceanics subsidiary…
Houston-based Anadarko Petroleum revealed today (11 November) that it was the rejected party in the rumored acquisition of US-based Apache, which consisted of an all-stock transaction offer. Image from Anadarko…
Atwood Oceanics announced that one of its subsidiaries agreed to an extension and rate adjustment to its existing contract with Noble Energy for the ultra deepwater rig, the Atwood Advantage, effective 9 November, 2015. The agreement…
SKF supplied magnetic bearings for use in the world’s first subsea gas compression system at the Åsgard gas field off the Norwegian coast. As part of the subsea gas compression system, the bearings will contribute to recovering additional…
Houston headquartered Marathon Oil has agreed to sell all its operated producing properties in the US Gulf of Mexico and a tranche of non-operated interests for US$205 million. The deal with an undisclosed buyer is said to be part of…
McDermott International has been awarded a large brownfield contract by RasGas Company (RasGas) for the engineering, procurement, construction and installation (EPCI) of a flow assurance and looping project and topside modifications offshore Qatar…
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