The UK Government is to contribute £15 million short-term funding over five years to help kickstart the establishment of a new arm’s length regulatory body, to be called the Oil and Gas Authority (OGA), based in Aberdeen, to oversee the oil and gas industry…
OMV Petrom has made an oil discovery in an exploration well drilled in the Istria XVIII offshore Perimeter (shallow water) in the Romanian Black Sea. Marina 1 was drilled 60km offshore, to a depth of about 2150m below the seabed in about 50m water depth…
China National Petroleum Corporation (CNPC) found hydrocarbons on the Zhongjannan exploration project, off the Paracel or Xisha Islands, in the South China, the firm announced. Drilling, using the 2011-delivered, deepwater, HYSY-981…
Matthew Hancock has been named as Britain's fourth new energy minister in less than two years as part of a major reshuffle in the UK's coalition government cabinet. It is Prime Minister David Cameron's biggest government shake-up since coming to power in 2010…
Equistone Partners Europe has exited Aberdeen-based PD&MS, a fast-growing specialist provider of engineering, procurement and construction (EPC) services for the global oil and gas industry, in a secondary buyout to Inflexion. The mid-market private equity firm has achieved a 2…
Norway's Aibel has topped a recent string of contacts with a framework agreement with Statoil covering the supply of personnel to Statoil's projects in Norway and abroad. The agreement is in addition to Aibel's existing framework agreements with Statoil and is valid for one year…
Malaysia's Sumatec Resources Bhd plans to buy Kazakhstan's Borneo Energy Oil and Gas Ltd. for US$250million (RM800million) in cash and shares. Sumatec announced on 11 July 2014 that it had signed a framework agreement with Abu Talib Abdul Rahman and Dr…
Repsol announced a new hydrocarbon discovery in the TB14 well at the Teak field, off the southeast coast of Trinidad. The discovery in the northern part of the Teak B field is estimated to contain more than 40MMbo in place, which increases…
Anadarko provides this video on the successful installment of the 10,000-ton topsides on the Lucius truss spar, located nearly 275 mi. southeast of Galveston, Texas in approximately 5,300ft water depth in the Gulf of Mexico. The components used were built in Orange…
Since the acquisition of the property from Schlumberger in 2008, University of Houston’s Energy Research Park (ERP) has been a central hub for rapid development in academia, industry, and entrepreneurship. One of the ERP’s most notable…
BEARCO International’s personnel are to joni Wild Well Control's control engineering group, bringing the relief well expertise of John Wright, Jim Woodruff and Bill McElduff on board to enhance the company’s expertise and capabilities in the engineering…
African Petroleum Corp. announced that it has entered into an agreement with Buried Hill Africa Ltd. to farm-out a 10% interest in Block CI-509 offshore Côte d’Ivoire in return for Buried Hill funding 21.1% of the cost of the next exploration…
The Crossover ball joint is a new and efficient dredge ball joint that provides optimal flow performance. Through computational fluid dynamics (CFD) the frictional losses and turbulence have been reduced to a minimum. Conventional dredge ball joints act like a ball valve when tilted…
Saipem has been awarded contracts for the extension of leasing and upgrading works of the Cidade de Vitoria FPSO vessel off Brazil and a lease extension and operation contract for the Gimboa FPSO off Angola. The contracts are worth approximately US$600 million…
Shell confirmed a third discovery at the Norphlet play in the deepwater Gulf of Mexico, the supermajor announced on 15 July 2015. The explorer hit more than 400ft (122m) of net oil pay at its Rydberg well, located 75mi (120km) off the Gulf Coast in Mississippi Canyon Block 525…
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