Mexican officials, including the executive director of the Agencia de Seguridad Energia y Ambiente (ASEA), recently outlined Mexico’s reform efforts and highlighted issues on which the country is working including Transboundary field development…
Heriot-Watt University in Edinburgh, Scotland, is setting up a new center for energy economics research and policy with funding of US$1.9 million over three years from BP. The center will be involved primarily in providing the detailed…
Teekay Offshore provides a look at their newest first floating accommodation vessel, the Arendal Spirit, during its sea trials. Teekay took delivery of the vessel from Cosco's Nantong yard just this week. The Arendal Spirit is…
Mexican state oil company, Petróleos Mexicanos (PEMEX) is being forced to decrease its budget by US$4 billion, representing an 11.5% decrease from last year, in order to maintain financial balance due to falling oil prices. Image of Lozoya…
Sterling Energy's Cameroon subsidiary has agreed a deal which will see it take over Murphy Cameroon Ntem Oil Co.'s 50% stake in the Ntem Concession, offshore Cameroon. The move will mean Sterling now has 100% interest in the Ntem Concession…
'Through-cycle' UK-based oilfield engineering and services firm Wood Group has weathered the oil price down-turn with an increase in revenues and profits in 2014. But, the firm said it would continue to take action to increase efficiencies…
Oil and gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on the oil and gas industry in Africa released by PwC today (17 February)…
Teekay Offshore Partners has taken delivery of its first floating accommodation vessel, the Arendal Spirit, from Cosco's Nantong yard. The unit, a Sevan Marine cylindrical design, has accommodation for 500 people. A further two vessels are on order…
Ikon Science is launching Ji-Fi (joint impedance and facies inversion), a process that delivers a most accurate and detailed 3D model of complex reservoirs comprising different seismic facies, including shale, brine-filled sand, oil-bearing sand and gas-bearing sand…
Fugro launched its G4 service, in the field of GNSS augmentation systems for offshore positioning applications. The new satellite correction service is the first to take advantage of all four GNSS (global navigation satellite systems): GPS…
Singapore-based KrisEnergy increased its stake in Blocks 105 and 120 offshore Vietnam. Map of Block 105. From KrisEnergy. KrisEnergy now holds 33.33% in each block after Neon Energy…
HB Rentals completed the installation of an end-to-end package for BHP Billiton, consisting of offshore accommodation modules and operating essentials for water, sewage, power and lighting. The BHP Billiton project is in the Angostura field…
GMB Scotland officers are seeking permission from GMB Scotland Regional Committee to move to ballot members covered by the Offshore Contractors Agreement over possible strike action following unilateral changes to working conditions. This…
Electromagnetic Geoservices ASA (EMGS) will receive uplift revenues of US$2.5 million related to the licensing round for mature areas on the Norwegian continental shelf - Awards in Predefined Areas (APA). EMGS's multi-client data library in Norway now covers 44…
Lundin Petroleum began drilling the 16/1-24 exploration well at the Gemini prospect, just southwest of the Edvard Grieg field. The Island Innovator, from Island Drilling. The well is located in Block 16/1…
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