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…
Transocean has received a notice of early termination from Esso Exploration Angola (Block 15) Limited for the ultra-deepwater semisubmersible GSF Development Driller I. The rig's drilling contract is expected to end in May 2016 with the demobilization completed in June 2016…
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…
Saudi Arabia’s oil minister Ali bin Ibrahim Al-Naimi has no concerns about current and future demand, he told delegates at IHS CERAWeek on Tuesday. “The bottom line is that the world demands 90 MMbo/d and long-term this will increase…
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…
Engineering and construction firm McDermott International has announced a string of new contracts offshore Australia and a few frame agreement focused on subsea projects offshore India. The frame frame agreement is with L&T Hydrocarbon Engineering (LTHE)…
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…
New Zealand Petroleum & Minerals, the government's petroleum permitting agency, has released its 2016 Petroleum Exploration Data Pack. This year’s data pack adds a number of new projects to the comprehensive compilation of open-file seismic and well data…
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…
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