Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) appointed Derrick O’Keeffe as the head of division for safety and integrity. In this role, O’Keeffe will ensure regulatory requirements around…
Faroe Islands-based Atlantic Petroleum is to take over as operator of the Orlando and Kells licenses in the UK North Sea following operator Iona Energy going into administration. Orlando and Kells are in UK North Sea licenses P.1606 and P…
Atlantic Petroleum issued notices to Iona Energy Co. (UK), which is in administration, to remove Iona as the operator of the Orlando and Kells licenses, offshore the UK. Atlantic has requested special meetings of the joint operating committees of UK Licenses P…
Total investment in oil and natural gas extraction in Norway was 21% lower in 1H 2016 compared with 1H 2015, a decline of about US$3.5 billion (NOK 20.9 billion). However, investment cuts have affected some segments of the industry more than others…
Offshore exploration could soon be on the agenda in Lebanon after the country's Prime Minister Tamam Salam was asked to place what would be the first licensing round on the agenda of cabinet meetings as soon as possible. The intention…
After many years of decline, production of petroleum and other liquids in the United Kingdom (UK) increased by about 100,000 b/d in 2015, according to the US Energy Information Administration (EIA). The largest contribution to this…
Atlantic Petroleum has agreed to sell its Norwegian activities to M Vest Energy - a company partly owned by Atlantic's existing management. The Norwegian activities include all of Atlantic's assets and licenses, the liabilities of the licenses…
The failure of UK-based independent explorer First Oil has resulted in partners EnQuest and Cairn Energy increasing their stakes in the Kraken heavy oil field development. First Oil had held 15% interest in the Kraken field in the UK North Sea…
The recent rise in domestic crude oil production from 5.6 MMb/d in 2009 to 8.7 MMb/d in 2014 and the prospect of continued supply growth have sparked interest in the question of how the relaxation or removal of current policies, which restrict…
As its bid licensing round is delayed again, will Lebanon’s offshore industry ever take off? Sarah Parker Musarra analyzes the current situation and explores the history of the troubled country. In April, Lebanon once again delayed its…
Italian authorities are starting to actively progress offshore permit approvals that have been outstanding for some years, according to an operator in the region. Northern Petroleum's CEO made the comments after the company was awarded two exploration permits in Italy…
The US Energy Information Administration’s new “Today in Energy” brief looks at how Mexico’s crude oil exports to the United States have declined, while US exports of petroleum products to Mexico have increased. The US imported 850,000 bbl/d of crude oil from Mexico in 2013…
Spectrum has announced the start of another Multi-Client 3D survey in the Levantine Basin offshore Lebanon. This new survey covers approximately 2,200 square kilometers and the acquisition will be performed by Polarcus using its 12-streamer vessel 'Adira'…
Lebanon's Petroleum Administration has revealed the results of a pre-qualification process to select companies who will be able to bid in its first offshore exploration round. Of 54 companies applying to take part, 46 have been approved to bid in the round…
Jim McGowinTAM International, Inc., an independent oilfield services company providing inflatable and swellable packers, is pleased to announce the appointment of Jim McGowin to general manager of TAM Completion Systems, a subsidiary of TAM International…
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