Laffayete, Louisiana-based Stone Energy is ahead of schedule on the deepwater Cardona development project in the US Gulf of Mexico. The Cardona South well (MC 29 #4), located in Mississippi Canyon 29, is expected to begin initial production by 1 December 2014…
Singapore’s Swissco completed the acquisition of four additional mobile offshore drilling units, bringing their rig fleet to eight. Swissco’s previous four rigs have contracts for an oil major in Latin America worth approximately US$94…
Murphy Oil Corp. entered into an agreement with PT Pertamina Malaysia Eksplorasi Produksi to sell 30% of Murphy's Malaysian oil and gas assets in a US$2 billion all-cash deal. The contract will take place in two phases: the first phase…
Scottish Enterprise has awarded Jee Ltd. a contract to develop subsea electrical array cable solutions for tidal energy installations. The contract is part of a study for the marine energy industry in Scotland, and will see Jee develop solutions for locating…
ABB’s Measurement Products’ laboratory in Germany received accreditation for independent testing and calibration of gas analyzers. The German Accreditation Service (DAkkS) awarded the accreditation. ABB’s laboratory in Frankfurt Praunheim…
BP Egypt today (1 October) announced the start of drilling the Atoll-1 well offshore Egypt. The deepwater exploration well is the second exploration well in the North Demietta Offshore concession after the Salamat-1 significant discovery announced by BP in 2013…
The fifth biennial Society of Petroleum Engineers (SPE) Russian Oil and Gas (ROG) Exploration and Production Technical Conference and Exhibition is set to focus on sustaining production levels by challenging the limits with technology. This year’s conference…
ABB, the leading power and automation technology group, has won an order from Armada Kraken Pte, a subsidiary of Bumi Armada Berhad, a Malaysia-based international offshore oilfield services provider. ABB will provide power and automation technologies for the floating…
Norwegian exploration and production firm Noreco is facing uncertainty after its chairman resigned with immediate effect as the firm deals with significant write-downs on reserves at key production assets. Noreco says, according to updated reservoir modeling by operator Dong Energy…
UK-based engineering and project management firm Atkins has acquired Houston-based Houston Offshore Engineering (HOE) for US$73 million (approximately £45 million). HOE has specialist experience in the design of offshore deepwater floating…
Oil and gas engineering services business Plexus has won an order from BG Group for surface wellhead and mudline equipment services for an exploration well in the UK Continental Shelf in the North Sea. The contract is due to run for 150 days and will involve Plexus' 18-3/4” 15…
According to a study published this month by US-based research and marketing company Markets and Markets, the maritime security industry will be worth around US$20 billion by 2019. The major drivers behind the exponential increase of…
In July, total US exports of crude oil and petroleum liquids reached 138,838 thousand bbl, a 57-year high, according to monthly export data released by the US Energy Information Administration. The bulk of this, 89,241 thousand bbl (64…
The test frame for Allseas’ mega-vessel Pieter Schelte arrived at BOW Terminal in Vlissingen. The En Avant 20 tugging the test frame. From Muller. Volker Staal en Funderingen (VSF) awarded…
Mexico’s Petróleos Mexicanos (Pemex) has signed agreements with Malaysia’s Petroliam Nasional Berhad (Petronas) and with Argentina’s YPF, to take advantage of new opportunities opening through Mexican energy reform. Heads of the three national oil companies met last week in Cancún…
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