Saipem has won new engineering & construction offshore contracts in Indonesia and in the Republic of Congo, for a total amount of about US$520 million. In Indonesia, Eni has awarded a consortium led by Saipem the EPCI contract for a new…
Russia-based Gazprom and Shell signed an agreement for the preparation of FEED documents for the production of LNG within the Sakhakin II project off Sakhalin Island, Russia. “We welcome the sequential approach of our partner Gazprom to expanding the LNG plant in the Prigorodnoye settlement…
The UK’s North Sea oil and gas industry was put under a national spotlight today, both by the industry and the nation’s politicians. The industry and government welcomed the outcome of industry veteran Sir Ian Wood’s UKCS Maximizing Recovery Review final report…
Anadarko Petroleum Corp has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Ltd., whereby Anadarko will divest its Chinese subsidiary for US$1.075 billion. 'This transaction accelerates…
The US rig count increased by seven to a total of 1771 for the week of 21 Feb 2014, according to Baker Hughes Inc. This is an increase of 10 rigs from last year, and seven from the previous week. Of the total, 1425 vessels are exploring for oil…
Mexican President Enrique Peña Nieto and Canadian Prime Minister Stephen Harper agreed at a summit on Wednesday, to adopt the tough new fuel standards for heavy-duty trucks that President Barack Obama set for the US on Tuesday. The North…
The global launch of a significant new product line will be the key topic for discussion when Swire Oilfield Services brings its international team to AOG 2014 in Perth from February 19-21. A number of senior executives from the UK and…
Organizers of the Offshore Achievement Awards (OAA) are expecting another record-breaking year for attendance at next month’s ceremony, following the introduction of two new categories and an increased number of entries. The awards, organized…
Industry body Oil & Gas UK has welcomed a review of offshore transportation in North Sea, including measures to increase safety. The review, carried out by the UK’s Civil Aviation Authority (CAA), was commissioned in the wake of a string…
Det Norske Oljeselskap's well 7222/11-2 on the Langlitinden prospect in production license 659 in the Barents Sea is being completed. Partner Lundin Petroleum said logs and samples have been acquired. Oil with very low mobility was sampled in Middle Triassic sandstones…
Statoil Petroleum AS, operator of production license 628, is in the process of concluding the drilling of wildcat well 25/9-4. The Norwegian Petroleum Directorate said the well was dry. The well was drilled about 25km from the Jotun field in the central part of the North Sea…
The TOTAL E&P Norge operated exploration well 25/5-9 on the Trell prospect in production license 102 F/G in the Norwegian North Sea has discovered oil in the Paleocene Heimdal Formation. The well intersected 19m of net pay in excellent quality Heimdal reservoir…
Today, the US Federal Energy Regulatory Commission (FERC) approved a request from Sabine Pass Liquefaction LLC and Sabine Pass LNG to increase the maximum peak day liquefied natural gas (LNG) production and export capacity for Trains 1-4 at the Sabine Pass LNG terminal to 2…
IHC Merwede launched the new pipelaying vessel Sapura Topázipo (pictured) at its shipyard in Krimpen aan den IJssel, the Netherlands. The naming of the fully integrated IHC Merwede vessel was carried out by Puan Sri Datin Seri Yazreen Yahya…
Turbine supplier and tidal energy project developer Atlantis Resources has started trading on the Alternative Investment Market (AIM), operated by the London Stock Exchange. The placing gave the firm a £72.1 million market capitalization…
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