Electromagnetic Geoservices (EMGS) has entered into a data licensing agreement with an international oil company worth US1.8 million for the provision of 3D EM data from a portion of the EMGS' multi-client data library in Foz do Amazonas in Brazil…
Much of the recent commentary concerning the decline in oil prices has focused on US onshore production, specifically whether the continued extraction of unconventional resources is viable at current prices. Undoubtedly, this will be a key issue for the dynamics of global supply…
First oil from the delayed Brynhild field in the Norwegian North Sea has finally been achieved, a year after it was first due on stream, says operator Lundin Petroleum. The field, which started production on Christmas Day, in production license 148…
A heads of agreement (HOA) was signed between Golar LNG, Societe Nationale de Hydrocarbures (SNH) and Perenco Cameroon to develop a floating liquefied natural gas (FLNG) export project located 20km off the coast of Cameroon that will use Golar's floating liquefaction technology (GoFLNG)…
Orwell Offshore and FES International have landed a multi-million dollar contract from TH Heavy Engineering Berhad for the supply of an external turret system for the FPSO Layang. The combined contract value is estimated at US$40 million…
Moroccon authorities have approved a farm-in deal between London based exploration minnow Chariot Oil & Gas and Australia's Woodside on the Rabat Deep Offshore permits I-VI. Woodside is committed to pay 100% of the 3D seismic acquisition…
Australian explorer Cooper Energy said while it still intends to divest its Tunisian portfolio, the exit may take longer than expected. Cooper Energy originally announced plans to divest its Tunisian assets in June 2013 in order to focus on its Australian assets…
The Israel Anti-trust Authority advised Noble Energy and its Leviathan field partners of its decision to not submit the Consent Decree to the Anti-trust Tribunal for final approval. Maps from Noble. Noble…
BPZ Energy completed the Corvina CX15-14D development well offshore Peru. Block Z-1 map. From BPZ. The CX15-14D well is located in Block Z-1 and is to the west of the six previously drilled CX-15 wells…
African Petroleum signed a non-binding term sheet agreement with a private London-based independent oil and gas company to farm-in to African Petroleum’s 100% owned Liberian LB-08 license. LB-08 is situated in a highly prospective region offshore Liberia…
KBC Advanced Technologies won a US$5 million seven-year contract with a major European based oil field services company for the licensing of KBC’s upstream simulation portfolio. This contract covers Maximus, Multiflash and Petro-SIM for…
BG Group is selling two modern tri-fuel diesel electric (TFDE) LNG carriers to GasLog for US$460 million, a deal that will help the company pay down its debt. Methane Becki Anne. From BG Group. The…
Nova Scotia's government has granted four awards that will help tidal energy developers deploy the first turbine arrays in the Bay of Fundy. In October, developers at the Fundy Ocean Research Centre for Energy (FORCE) applied to the Department…
Australian exploration firm AWE has agreed a one year contract extension for the lease and operation of the FPSO Umuroa, operating on the Tui Area oil project, offshore New Zealand, from Norway-based BW Offshore. As a result, the contract period has been extended to Q4 2016 (from Q4 2015)…
Ocean Yield delivered the survey vessel Geco Triton to Schlumberger subsidiary WesternGeco, netting US$8.2 million for the vessel. Geco Triton was built in 1991 and remains under a charter arrangement to WesternGeco until December 2015…
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