BP awarded a US$200 million contract to Bredero Shaw's pipe coating division for the Shah Deniz Stage 2 development project. The contract is scheduled to be executed at the Caspian Pipe Coatings (CPC) plant in Baku, Azerbaijan. The contract…
Lundin Petroleum’s Kitabu-1 exploration well, in Blocks SB307/SB30, offshore Sabah, Malaysia, came up dry, the Swedish independent announced on 18 November. Lundin said that the primary reservoir interval contained poor quality siltstone…
EPC firm Wison Offshore & Marine selected AVEVA Marine software for the engineering, design and construction of its offshore Floating Storage Regasification Unit (FSRU) projects. An Wenxin, Senior Vice President of Wison Offshore & Marine…
Eni and Sonangol have agreed to up a joint team aimed at studying the potential of the non-associated gas present in the Lower Congo basin. Under the agreement, Eni and Sonangol will set up a joint team aimed at studying the potential…
Eco (Atlantic) Oil & Gas has started a 1000km 2D seismic survey on the Guy Block in the Walvis Basin, offshore Namibia. Eco Atlantic is using PGS Geophysical to perform the Survey, which is expected to be completed by the end of the month…
South Stream Transport, the company charged with overseeing the planning, construction and operation of the South Stream pipeline is ready to start construction on the most complicated part of the project, Gazprom says. Once built, South…
Gulf Marine Services has been awarded a contract extension for one of its Large Class vessels in the southern North Sea. The extension is for a self-propelled, self-elevating, support vessel, that has been chartered to an international oil company (IOC) since Q3 2012…
The industry is going to face more challenges than ever over the next 30 years as it strives to meet global oil and gas demand from ever harder to reach and extract resources, industry bosses say. Amin Nasser…
Leading industry executives including BP CEO Bob Dudley cautioned against “over-reacting” to current low oil prices at global industry forum. 'While there has been some speculation that the high cost of unconventional oil production might…
Fosun International subsidiary Transcendent Resources has almost completed its off-market takeover bid of Roc Oil. The Hong Kong-based Fosun announced that it has received acceptances of 92.595% of all existing Roc shares, which translates to 363…
CalEnergy’s Pryderi-1 well off Australia has come up dry and will be plugged and abandoned, according to joint venture partner IPB Petroleum. The Stena Clyde. From Stena Drilling. The…
Paradigm Flow Services has released its Dry-Flo testing technology as part of the company’s Deluge Integrity Management service. Wet testing, where firewater is pumped through the deluge system to check flow through nozzles, can cause problems with corrosion under insulation…
SeaBird Exploration Plc received a contract award to use the MV Harrier Explorer for a 2D seismic survey in West Africa. The letter of award is for a survey with a minimum size of 2000 km, valued at approximately US$2million…
Hess Corp. began production from the Tubular Bells field, located in the Mississippi Canyon area of the deepwater Gulf of Mexico. The Tubular Bells floating production facility. From Hess…
Halliburton and rival Baker Hughes have agreed to merge in a deal worth US$34.6 billion in stock and cash. Significant synergy opportunities graph from Halliburton. According to Halliburton…
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