Staatsolie and Apache Corp. have signed a production sharing contract (PSC) for exploration, development and production of offshore Block 58 offshore Suriname. The agreement, with a 30-year validity, is divided into exploration, development and production phases…
Lundin Norway commenced the drilling of its second Alta appraisal well in the Barents Sea South, and the drilling of an appraisal well on the Edvard Grieg field in the Norwegian North Sea. Drilling has also commenced on the partner-operated…
Unique Group, formerly known as Unique Maritime Group, has set in place measures to double its size and global infrastructure by 2019 through capital investment, acquisitions and expansion into key markets. With a current turnover in excess of US$100 million…
The Commonwealth Western Australia Offshore Petroleum Joint Authority and the WA Minister for Mines and Petroleum offered Woodside Energy petroleum retention lease offers for WA-28-R, WA-29- R, WA-30-R, WA-31-R, WA-32-R, TR/5 and R2, in which the company has 30 days to accept…
Gazprom is welcoming Total back to the Shtokman project upon resuming operations in the Russian sector of the Barents Sea. Image of Gazprom, Total and StatoilHydro signing framework agreement for Phase 1…
Russian gas producer Gazprom and Shell signed an agreement to expand the Sakhalin-2 LNG project. Sakhalin-2 saw the development of two offshore oil and gas fields: Piltun-Astokhskoye and Lunskoye, off the north-eastern coast of Sakhalin…
The Bureau of Ocean Energy Management (BOEM) and the Association of American State Geologists (AASG signed an agreement to foster interaction, cooperation and coordination on marine minerals and oil and gas resources on the outer continental shelf (OCS)…
Statoil received consent from the Petroleum Safety Authority to use the Maersk Integrator jackup to drill and complete 14 new production wells at Gina Krog. Gina Krog is an oil and gas discovery situated around 250km west of Stavanger and 30km northwest of the Sleipner A facility…
PetroVietnam has purchased Chevron’s Vietnamese assets including acreage off the country’s continental shelf and an offshore pipeline project, the Vietnamese national announced on 17 June. Under the deal it struck with Chevron, PetroVietnam…
Wood Group has been awarded an offshore maintain potential program contract by Saudi Aramco for greenfield and brownfield engineering services, procurement and construction management support for new facilities in the Arabian Gulf. The six-year contract…
Oil and gas firms must learn lessons from other UK industries and fundamentally change the way they operate if they are to successfully compete for international investment and maximize recovery across the UK continental shelf (UKCS) over the next 25 years…
Oil & Gas UK’s chief executive, Deirdre Michie, warned today (17 June) that the UK offshore oil and gas industry must become sustainable ‘in a world of US$60 oil’. The rallying call was made before an audience of over 500 people in Aberdeen…
API encouraged congress and regulators to prioritize Arctic offshore oil and natural gas development as the House Natural Resources Committee prepared to hold a hearing on Arctic energy today (16 June). “Arctic oil and natural gas…
Sound Oil, the European- and Mediterranean-focused upstream oil and gas company, has announced the approval of the environmental impact assessment for the award of the D503-BR-CS permit, covering Sound Oil's Dora and Dalla assets in the Adriatic Sea…
Wintershall’s unmanned mini-platform L6-B started the production of natural gas off the Dutch North Sea coast in a restricted military zone. The L6-B unmanned platform. From Wintershall…
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