PetroJunín, a joint venture formed between PDVSA (60%) and Eni (40%), achieved first oil from the Junín-5 heavy oil field, located in the Faja del Orinoco, off Venezuela. The block is located around 550 km southeast of Caracas and covers an area of approximately 425 sq km…
Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquired 30% interest in 20 ExxonMobil exploration blocks in the deepwater Gulf of Mexico (GOM). ExxonMobil remains operator with 70%. The blocks are about 111…
The US Department of Energy granted Pangea LNG (North America) Holdings, long-term, multi-contract authorization to export up to 8 million tonnes per annum (mtpa) of LNG to free trade agreement nations from its south Texas LNG Project…
Chevron encountered more than 400ft of net oil pay at its deepwater Coronado well No. 1 in the US Gulf of Mexico. Coronado comprises Walker Ridge Block 98. The No. 1 well is located approximately 190 miles off the Louisiana coast in 6,127ft of water…
Gulf of Mexico Lease Sale 227, held in this past March in New Orleans, drew US$1.2 billion in high bids for tracts spanning the coasts of Louisiana, Mississippi, and Alabama. Statoil was the highest bidder on 15 leases, while Apache acquired nine shallow water and five deepwater leases.
Current measurements of the ESA ice thickness satellite CryoSat-2 have shown that the total mass of the Arctic sea ice was 36% smaller last autumn than during the same period from 2003 to 2008. This conclusion was reached by an international…
Royal Dutch Shell announced it will pause its exploration drilling activity for 2013 in Alaska’s Beaufort and Chukchi Seas to prepare equipment and plans for a resumption of activity at a later stage. “We’ve made progress in Alaska, but…
Over the past few years, the need to protect Industrial Control Systems (ICS) from cyber threats has greatly increased. The integration of industrial Ethernet infrastructure with business networks (and the outside world) has exposed once…
Prysmian Group, leader in the energy and telecom cable systems industry, has been awarded a new contract worth more than $100 million for the supply and installation of submarine cables for a section of ExxonMobil’s existing offshore operations in the US…
Transocean’s ultra-deepwater semisubmersible rig, Sedco Express (EXS), was working offshore Nigeria for customer ENI when it received news of a nearby fuel tanker on fire. What ensued that day showed the company’s core value of safety in action…
ConocoPhillips Ltd. Australia Pty Ltd. has awarded FMC Technologies an order to supply subsea equipment for its Bayu Undan Phase 3 project. The order has an estimated value of US $26 million. The Bayu Undan field is located in the Timor Sea…
ANP, Brazil's National Petroleum Agency, announced the winners of its 11th Licensing Round - the first round since 2008, which was held on 14 May 2013 in Rio de Janiero. The agency said there was record interest in the round with 39 companies from 12 countries participating…
The Government of the United Republic of Tanzania through Tanzania Petroleum Development Corporation (TPDC) announced the 4th Tanzania Deep Offshore and North Lake Tanganyika Licensing Round. The 4th Tanzania Offshore Licensing Round…
Lengo-2 drill stem test achieves 21.2 mmscf/d AWE Limited (ASX: AWE) reports that a second successful Drill Stem Test (DST) has been conducted at the Lengo-2 appraisal well, offshore Indonesia, achieving a maximum gas flow rate of 21…
Buccaneer Energy has spud the shallow water Cosmo No. 1 well located in Alaska's Cook Inlet, near Anchor Point on the Kenai Peninsula, the company announced on 13 May 2013. Buccaneer used the Endeavour - Spirit of Independence jack-up rig…
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