Sterling Energy's Cameroon subsidiary has agreed a deal which will see it take over Murphy Cameroon Ntem Oil Co.'s 50% stake in the Ntem Concession, offshore Cameroon. The move will mean Sterling now has 100% interest in the Ntem Concession…
'Through-cycle' UK-based oilfield engineering and services firm Wood Group has weathered the oil price down-turn with an increase in revenues and profits in 2014. But, the firm said it would continue to take action to increase efficiencies…
Oil and gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on the oil and gas industry in Africa released by PwC today (17 February)…
Teekay Offshore Partners has taken delivery of its first floating accommodation vessel, the Arendal Spirit, from Cosco's Nantong yard. The unit, a Sevan Marine cylindrical design, has accommodation for 500 people. A further two vessels are on order…
Ikon Science is launching Ji-Fi (joint impedance and facies inversion), a process that delivers a most accurate and detailed 3D model of complex reservoirs comprising different seismic facies, including shale, brine-filled sand, oil-bearing sand and gas-bearing sand…
Fugro launched its G4 service, in the field of GNSS augmentation systems for offshore positioning applications. The new satellite correction service is the first to take advantage of all four GNSS (global navigation satellite systems): GPS…
Singapore-based KrisEnergy increased its stake in Blocks 105 and 120 offshore Vietnam. Map of Block 105. From KrisEnergy. KrisEnergy now holds 33.33% in each block after Neon Energy…
HB Rentals completed the installation of an end-to-end package for BHP Billiton, consisting of offshore accommodation modules and operating essentials for water, sewage, power and lighting. The BHP Billiton project is in the Angostura field…
GMB Scotland officers are seeking permission from GMB Scotland Regional Committee to move to ballot members covered by the Offshore Contractors Agreement over possible strike action following unilateral changes to working conditions. This…
Electromagnetic Geoservices ASA (EMGS) will receive uplift revenues of US$2.5 million related to the licensing round for mature areas on the Norwegian continental shelf - Awards in Predefined Areas (APA). EMGS's multi-client data library in Norway now covers 44…
Lundin Petroleum began drilling the 16/1-24 exploration well at the Gemini prospect, just southwest of the Edvard Grieg field. The Island Innovator, from Island Drilling. The well is located in Block 16/1…
BP Norge received consent from the Petroleum Safety Authority Norway (PSA) for a gas lift at the Valhall IP. Increased water production is expected as a result of the water injection at Valhall, and gas lift is being performed to maintain stable production from the wells at IP…
Sevan Marine subsidiary KANFA has been awarded a letter of award for the engineering, procurement and construction (EPC) of four process modules for the FPSO Yinson Production. The contract is expected to last 15 months and be worth about US$50 million…
Saudi Aramco says it has set a new record for heavy lift operations in its Arabiyah-Hasbah gas fields project about 150km offshore Saudi Arabia. The heavy lift barge Lan Jing completed the installation of the Hasbah tie-in platform (TP) using its 7500-ton crane…
Norway-based geophysical services company Electromagnetic Geoservices ASA (EMGS) says it is going to appeal a Court decision over its Towed Streamer EM patent. The firm had issued a claims against Petroleum Geo-Services (PGS) in the High Court of Justice…
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