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Prospector I arrives in Cromarty

Nov 27, 2013

Prospector Offshore Drilling's new jack-up drilling rig, Prospector 1, arrived in the Cromarty Firth, Scotland today, after a two-month journey from its construction shipyard in Dalian, China. The jack-up features an advanced, fully-automated…

Eni signs agreement for Ukraine block exploration

Nov 27, 2013

Today, in Kiev, Eni signed a production sharing agreement (PSA) with the Ukrainian government, represented by the Minister of Energy Eduard Stavytsky, in the presence of the President of Ukraine Viktor Janukovič, for the exploration and development of an area located in Ukraine’s Black Sea…

Ophir spuds Block 7 well

Nov 27, 2013

Drilling on the first exploration well in Tanzania's Block 7 has started, using the Deepsea Metro I drillship, said operator of Ophir Energy plc. The Mlinzi Mbali-1 well, in which fear has an 80% interest, is in 2600m water depth, 210km west of Dar es Salaam…

Alpha makes bid for ATP UK

Nov 27, 2013

Alpha Petroleum (UK) Holdings Limited is the proposed buyer for ATP Oil and Gas UK Ltd (ATP UK), it has been revealed.  Independent Oil and Gas plc, which is a partner in licenses operated by ATP UK, said US court documents posted today…

Eni increases Russian ties

Nov 27, 2013

Italy's Eni has signed a string of agreements with Russian operators and a research institution, building its ties with the country. The first is a memorandum of understanding (MOU) between Eni and Novatek, which sees the two firms agreeing…

Subsea contracts for Mermaid Maritime in Middle East

Nov 27, 2013

Mermaid Maritime Public Co. Ltd. announced that its business units serving the Middle East have been awarded a suite of subsea services contracts. The work includes air diving services such as air diving for pipeline free-span correction and a subsea cable lay contract…

Eni fires up supercomputer

Nov 27, 2013

Italian oil major Eni has fired up its new petaflop-class supercomputer at its Green Data Center in Ferrera Erbognone, northern Italy. The supercomputer will support hydrocarbon exploration activities, providing the computing capacity…

BSEE cites 12 for SEMS non-compliance

Nov 26, 2013

Brian Salerno, director of the Bureau of Safety and Environmental Enforcement (BSEE), cited 12 Gulf of Mexico (GOM) operators for failure to comply with the Safety and Environmental Management Systems (SEMS) requirements of the Workplace Safety Rule…

Fugro acquires Australia's Advanced Geomechanics

Nov 26, 2013

Fugro announced that it has wholly-acquired Advanced Geomechanics Pty Ltd. (AG) to become part of its global geoconsultancy practice. The nearly 20-year-old, Perth-based AG provides geotechnical and geophysical engineering and consulting services…

Voices: “What role should national governments have in funding research and development in the oil and gas industry?”

Nov 26, 2013

A helping hand. When it comes to new technology, OE asked: “What role should national governments have in funding research and development in the oil and gas industry?” Research and development is key to competition…

Schlumberger introduces multiphase flowmeter

Nov 26, 2013

Schlumberger released the Vx Spectra surface multiphase flowmeter. The new multiphase flowmeter enables operators to obtain flow rate measurements in production testing and permanent monitoring. “A precise production allocation requires…

Statoil EVP: Subsea factories are business critical

Nov 26, 2013

Statoil is targeting 2020 to deploy a subsea factory, or a fully-functioning process plant atop the sea floor, according to a technology briefing held by some of the Norwegian company’s top executives at its Houston headquarters in mid-November…

Cairn India plans buyback

Nov 26, 2013

Cairn India Ltd. today announced that its board of directors approved a proposal for the buyback of equity shares of the company from its existing shareholders. The buyback would be done from the open market through the stock exchanges…

PetroVietnam enters new partnerships

Nov 26, 2013

PetroVietnam has signed new agreements with India's ONGC Videsh, and Russia's Rosneft. PetroVietnam's new memorandum of understanding with ONGC Videsh extends one previously signed in 2011. The MOU covers the joint exploration of hydrocarbons in Vietnam and India…

Arctic seafloor releases considerable methane

Nov 26, 2013

The seafloor off the coast of Northern Siberia is releasing more than twice the amount of methane as previously estimated, according to new research results published in the Nov. 24 edition of the journal Nature Geoscience. The East Siberian…

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