Over the weekend, the six world powers (P5+1), European Union (EU), and Iran reached an agreement that lifted sanctions on Iran’s oil production that will see Western nations enter Iran for oil exploration and production for the first time in more than a decade…
Aquatic Engineering & Construction is working with DNV GL and other organizations in the subsea supply chain, on a joint industry project (JIP) to develop a set of guidelines to be incorporated into new or existing DNV GL Offshore Standards or Recommended Practices…
ExxonMobil Upstream Research Co. has signed a joint development agreement with Hunting Energy Services’ Titan division to develop new autonomous tools technology focused on well construction and intervention efficiency. The two Houston…
Anadarko Petroleum achieved first oil at Heidelberg in the deepwater Gulf of Mexico last week. Map of Heidelberg. Courtesy of Anadarko. Heidelberg is located in Green Canyon 859…
Tidewater Subsea and Bordelon Marine have agreed to the charter of the Jones Act compliant MV Brandon Bordelon for 60 days plus options. In addition, Tidewater Subsea is mobilizing two FMC Technologies Schilling 150-HP remotely operated vehicles (ROVs) to the vessel…
Statoil is decreasing cost estimates for the first phase of the giant Johan Sverdrup field by up to 42%, with development costs expected to decrease further, according to partner Det norske. Illustration of the Johan Sverdrup field…
Quadrant Energy confirmed presence of condensate-rich gas after completing a wireline logging program of the Roc-1 well, offshore Western Australia. Partner Carnarvon Petroleum said initial analysis showed condensate to gas ratio at the top end of the range of 20-40 bbl per Mcm…
Ophir Energy, as operator, has dropped its stake in exploration licenses covering three blocks offshore the Seychelles, in the Indian Ocean east of South Africa. The UK-based explorer had farmed in to the blocks – 5B/1, 5B2 and 5B3 – with Australia’s WHL Energy…
Atlantic margin focused explorer Chariot Oil & Gas has started a 3D seismic acquisition survey of approximately 2600sq km in Blocks 2312 & 2412A (the “Central Blocks”) offshore Namibia. The survey is being conducted by PGS Exploration…
Amec Foster Wheeler's outspoken CEO Samir Brikho has stepped down today, the firm announced this morning. Ian McHoul, the firm's CFO, has been appointed into the role of interim CEO with immediate effect and will chair the group leadership team while the search for the new CEO is conducted…
Saudi Arabia’s reluctance to cut production to maintain its share of the global crude market has paid off. By not “blinking first”, the Kingdom has succeeded in driving rigs out of the US shale market with current rotary rig counts down 65% from 2014 highs in September…
Fugro has been awarded a combined geophysical and geotechnical project by Hess Exploration Australia to assist in Hess’ activities in the Northern Carnarvon Basin offshore Northwest Australia. Fugro’s work will include seabed and shallow…
Suncor Energy's latest exploration well close to to the Balder field has been classified as dry by the Norwegian Petroleum Directorate. Exploration well 25/10-14 S was drilled on production license 571 near the Balder field offshore Norway…
JX Nippon Exploration and Production has agreed a deal to use Odfjell Drilling's semisubmersible Deepsea Stavanger to drill an exploration well west of Shetland on the UK Continental Shelf. Contract duration is estimated to be between 60 and 75 days and expected commencement is Q2 2016…
Representatives from Spanish oil and gas explorer Repsol met with Guyana's President David Granger to seek an extension to continue exploratory work in the Kanuku Block, offshore the South American country, the Ministry of the President announced on 13 January…
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