Shell’s Brazilian subsidiary, Shell Brasil Petroleo Ltda., will sell 20% participating interest in concession BM-ES-23, offshore Brazil, to Thailand’s PTTEP. BM-ES-23 is in the deepwater Espirito Santo basin, covering approximately 550sq km…
Mexico City-based Sierra Oil and Gas secured equity commitments of US$525 million on Friday to develop projects in Mexico’s recently opened energy sector. Sierra, Mexico’s first independent exploration and production company, plans to participate in exploration…
The Edison Chouest Offshore (ECO) family of companies has started construction on a massive logistics support base and naval repair shipyard for its own vessels at the Port of Açu, in São João da Barra, northern Rio de Janeiro state, Brazil…
Saudi Aramco announced the opening of the new Aramco Research Center on Houston’s west side in the energy corridor, on Friday, 19 September. Khalid A. Al-Falih, president & CEO Saudi Aramco, at…
CGX Energy Inc. entered into a seismic contract with Prospector PTE. Ltd. to conduct a 3116.74sq km 3D seismic survey on Demerara Block, offshore Guyana. The contract represents one of the most extensive 3D seismic studies ever conducted…
New DNV GL guidelines and practices are ensuring safe connection of offshore wind to the transmission grid. As offshore wind farms are being built farther from the coast and more offshore oil and gas installations are powered from shore…
Delta SubSea (DSS) entered into an agreement with a subsidiary of Hornbeck Offshore Services for the HOS Bayou for deepwater remote operated vehicles (ROV) operations in the Gulf of Mexico. The HOS Bayou is one of Hornbeck’s recently…
Wärtsilä and MAN Diesel & Turbo are continuing with a new Hercules-2 project, pending approval under the Horizon 2020 EU Framework Program for Research and Innovation. The Hercules-2 project is aimed at developing a fuel-flexible marine…
Polarcus completed acquisition of a major new 3D broadband multi-client project in the southern Porcupine Basin, offshore southwest Ireland. The 4300sq km survey, undertaken in partnership with ION GeoVentures, saw the 3D seismic vessel…
TGS is continuing its Explorer series seismic acquisition program in the deepwater US Gulf of Mexico with Panfilo 3D. Panfilo 3D will add 11,500sq km to TGS' multi-client library in the Lund and Henderson Central Gulf of Mexico protraction areas…
London-based Golar LNG Ltd. (GLNG) has appointed Sir Frank Joseph Chapman to the Board of Directors and as the company's Chairman, effective 19 September 2014. Sir Frank Chapman has worked 40 years in the oil and gas industry, culminating…
Siemens has agreed to acquire Dresser-Rand through the acquisition of all its New York Stock Exchange issued and outstanding common shares for us$83/share, in a $7.6 billion deal. The takeover has been supported by Dresser-Rand's Board of Directors…
Total's production should grow to about 2.8MMboe/d in 2017, as 15 major projects start-up in the period from now, the French super major said today (22 September). But, strict capital discipline will also be key, in addition to selling an additional US$10 billion of assets in 2015-17…
At present we are seeing lower oil prices as a function of softer demand growth in both Europe and China combined with recent output increases from OPEC, particularly Libya, together with the ongoing surge in US production. In the short-term…
Statoil's Kvitebjørn field in the North Sea will see production increase by 220MMboe, or from 55% to 70% recovery rate, thanks to a new compressor installed on the 10-year-old Kvitebjørn platform, the firm said today. The compressor, installed 17 September…
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