Cue Energy discovered a new play type offshore Western Australia and is requesting an extension from NOPTA in order to allow further time to mature the prospect. Map from Cue. The new play type…
Maersk Drilling has been awarded a contract extension for the jackup rig Mærsk Innovator with ConocoPhillips Norway for work on the Eldfisk field, part of the greater Ekofisk area, offshore Norway. The duration of the contract extension is 16 months…
Drilling has started on the Aje 5 production well in Aje field offshore Nigeria, paving the way for first oil on the floating production, storage and offloading (FPSO) vessel development. The three-phase development, starting with two production wells…
Primeline Energy has contracted China Oilfield Service Co. (COSL) as drilling contractor for its Block 33/07 exploration program in the East China Sea. Primeline says the rig market has proved favorable with good availability of suitable rigs and competitive prices…
Shell's acquisition of BG Group has cleared another major hurdle - unconditional merger clearance from the Brazilian competition authority (CADE). The clearance follows CADE’s initial approval of the combination on 8 July 2015, and…
Equalizer Group has set up a separate service company headed up by general manager Alan Morrison to take forward the development of its award-winning Xtegrity system. As GM of Equalizer Flange Integrity Systems (EFIS) Morrison, who has almost 30 years’ experience in the oil and gas sector…
Seabed Geosolutions is due to mobilize for a variation order signed by Abu Dhabi National Oil Co. (ADNOC) with CGG to conduct a shallow water seabed survey offshore Abu Dhabi. The survey is over the Ghasha-Butini field, will take around 12 months and has a value of around US$125 million…
The subsea sector is highly consolidated with just five players servicing the US$12billion annual requirements of the global exploration and production community. The two largest, FMC and OneSubsea, account for approximately two-thirds of the market but despite this…
Brazilian prosecutors presented formal charges against Marcelo Odebrecht, CEO of Brazil's largest construction firm Odebrecht SA; Otavio Marques Azevedo, CEO of Andrade Gutierrez; and 20 others on Friday 24 July with charges of corruption…
Representatives of Italian explorer Eni and the Egyptian government gathered in Rome to sign updated Head of Agreement terms, following a new offshore discovery made in the Nile Delta earlier this week. The update says the two will jointly…
Paragon Offshore announced that certain wholly-owned subsidiaries of the company, which were part of the company's acquisition of Prospector Offshore Drilling have closed the combined US$300 million sale-leaseback financing facility that was announced on 4 June 2015…
Tendeka, a provider of completions systems and services to the upstream oil and gas industry, has signed a two-year agreement with Eternal Asia Supply Chain Management for the exclusive supply of its FloSure autonomous inflow control devices (AICDs) in China…
Maersk Supply Service, DeepOcean UK and the Damen Shipyards Group gathered at Damen Shipyards Galati, Romania, to witness the launch of subsea support vessel Maersk Connector. The vessel is owned and operated by Maersk Supply Service…
Australia and UK-based Global Petroleum says it is seeing progress on its bid to gain blocks in the Adriatic Sea, but that the company is making cost reductions reflecting the low oil price and its lack of progress making an acquisition to grow its portfolio…
The imminent return of Iran to global oil could reshape global oil markets, but foreign investments will only return to the country in the 2020s, according to a new report by business consultancy Deloitte. The firm says the historic agreement…
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