Noble Corp. and Shell have entered a deal to amend contracts for three ultra deepwater drillships, due to today's challenging environment, that will prove to be beneficial for both companies. Image of the Globetrotter I…
A new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead, Global Exploration: What to look for in 2017, shows that exploration should return to profitability in 2017, after five years of only single-digit returns…
In conjunction with geophysical and geochemical surveys currently being acquired by sister company Searcher Seismic, Ecosscope is using cutting edge technology to acquire valuable environmental baseline data in the Gulf of Papua. Ecosscope…
Faroe Islands-based Atlantic Petroleum is to take over as operator of the Orlando and Kells licenses in the UK North Sea following operator Iona Energy going into administration. Orlando and Kells are in UK North Sea licenses P.1606 and P…
Russia's Rosneft is to take a 30% stake in the Shourouk Concession, offshore Egypt, containing the supergiant Zohr gas field. Rosneft will pay operator Eni US$1.125 million and a share of past expenditures, which amount so far at about $450 million…
Private equity backed explorer Azinor Catalyst has agreed to acquire 50% interest in license P2243 on the UK Continental Shelf from Zennor North Sea. The license contains Block 14/17a and is adjacent to Azinor’s Partridge license P.1989…
Independent Oil and Gas (IOG) has submitted a field development plan (FDP), in draft format, for the Blythe gas field to the Oil and Gas Authority (OGA). The Blythe field, 100% owned and operated by IOG, is in the southern North Sea…
French independent Perenco has acquired a 70% interest in the Teak, Samaan and Poui Block (TSP) in Trinidad and Tobago. The interest in the fields, offshore south east of Trinidad, has been bought from Repsol E&P T&T, a subsidiary of Spain's Repsol…
DSME and Kongsberg Maritime entered into joint development agreement (JDA) to develop a new liquefied natural gas (LNG) floating storage and regasification unit (FSRU) control system Image of Wean…
Allseas and Nord Stream 2 signed a letter of intent (LOI) covering the offshore pipelay work for the Nord Stream 2 Pipeline through the Baltic Sea, marking the second major pipelay project that the Dutch heavy weight has entered this week…
SeaBird Exploration has signed an agreement for the Northern Explorer vessel for an upcoming 2D seismic survey in South America. The project is anticipated to commence in late December 2016 and will have a duration of approximately 45 days.
The new Baker Hughes is expected to generate a revenue of some US$34 billion, have approximately 70,000 employees, and operate in more than 120 companies, according to GE Oil & Gas CEO Lorenzo Simonelli. Image of Simonelli…
Henry Woo is to head up the Asia-Pacific (APAC) division at Hansa Heavy Lift, taking over from Joerg Roehl. Woo, who will be based at the shipping line’s Asia headquarters in Singapore, has two decades of experience in the supply chain and shipping industry…
Malaysia-based Petronas has hit a milestone with its PFLNG SATU last week, as the unit produced its first drop of liquefied natural gas (LNG) from the Kanowit gas field, offshore Sarawak. The PFLNG SATU…
Independent Oil and Gas (IOG) has extended the licenses for Blocks 48/22b and 48/23a in the Southern North Sea (SNS) containing the Blythe gas discovery (P1736) until 31 December 2017, following discussions with the UK Oil & Gas Authority…
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