An Aberdeenshire engineering company has been given a £5 million injection by Maven Capital Partners in return for a majority stake. R&M Engineering (R&M) provides integrated engineering and fabrication services to the North Sea oil & gas industry…
BP, with partner ConocoPhillips, has struck oil at the Gila prospect in deepwater US Gulf of Mexico. BP said the move was a sign of its returning momentum in the region. The high pressure Gila discovery was made by an exploration well on Keathley Canyon Block 93…
Austrian oil and gas firm OMV has agreed to farm in to a deepwater block offshore Gabon. Under the terms of the agreement, OMV will acquire 30% non-operated interests in the Manga and Gnondo blocks, from Ophir Energy. It will also…
The Kongsberg Maritime Ltd. Camera group Systems & Projects Team has delivered the first set of cabled IP Digital Still Camera Stations (CAMDS) to the University of Washington. The delivery is for the regional cabled observatory component…
Encana Corp. today announced the Production Acceptance Notice (PAN) at the company's Deep Panuke offshore Nova Scotia project, issued after successful completion of a performance test of the platform. The Deep Panuke project is designed to produce up to 300 MMcf/d of natural gas from four wells…
Watch as a ship navigates the North Sea despite dangerous surges and hurricane-force winds during December's Extratropical Cyclone Xaver, one of the most dangerous storms to hit the UK in recent memory. “Xaver brought with it a potent combination of hurricane-force gusts…
An agreement to discuss lifting sanctions against Iran offers a glimpse of hope that its oil and gas sector could be reopened to international business. Elaine Maslin reports. Talk of fully or partially lifting sanctions against Iran has raised hopes within the region…
Baker Hughes North America rotary rig count, released 13 Dec 2013, shows 59 drilling rigs operating offshore US, down 2 from 61 a week ago, but up 10 from a year ago. This includes 53 rigs working offshore Lousiana and 2 rigs each off California…
On 4 Dec 2013, OGX Petroleo e Gas SA , Brazil's second-largest oil company by market value, began production in the Tubarão Martelo field, located in the BM-C-39 and BM-C-40 blocks, through the horizontal well TBMT-8H. On 29 Nov 2013…
At the end of Q3 2013, Maersk Oil reported it continues assessing the Itaipu and Wahoo appraisal wells, and lists the offshore Brazil projects as part of its long-term perspective. Up to the first quarter of 2013, Maersk Oil has drilled…
Atkins has successfully won a AUS$19 million flow assurance contract for the INPEX-operated Ichthys Project, offshore of Western Australia. The project will take gas from the Ichthys field, in the Browse basin, which will then undergo preliminary processing by offshore facilities…
A European consortium, led by NEL in the UK, has been awarded a three year research project to establish a reference measurement network and standards aimed at improving the accuracy of subsea multiphase flow measurement for the oil and gas industry…
CGG and Spectrum are jointly launching a large, high-end BroadSeisTM 3D multi-client survey program offshore Brazil that will focus on a large proportion of open acreage in the very promising Foz do Amazonas Basin. The two companies are working as equal partners on this project…
Marin, the ultra-deepwater excavation specialist and recovery firm, is to acquire AGR Seabed Intervention. The announcement comes after the duo formed a strategic alliance earlier this year. The acquisition of AGR Seabed Intervention…
Partners in the Shah Deniz gas field consortium in Azerbaijan have decided to go ahead with a stage 2 development of the Caspian Sea field, opening its sources to Europe. This decision triggers plans to expand the South Caucasus Pipeline (SCPX) through Azerbaijan and Georgia…
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