Energistics, the upstream oil and gas standards consortium, and the Society of Exploration Geophysicists (SEG), the international society of applied geophysics, have signed a Memorandum of Understanding to explore joint development opportunities…
BP announced that it has entered into an administrative agreement with the United States Environmental Protection Agency (EPA), on behalf of the federal government, resolving all matters related to the suspension, debarment and statutory…
AVEVA announced that AVEVA E3D Insight is now commercially available for project decision makers in the power, process plant and mining industries. This Windows 8.1 app enables mobile users to comment and approve AVEVA Everything3D (AVEVA E3D) designs from a tablet device…
Germany-based crude oil and natural gas producer is planning to divest its shareholding in the Eastern German company Verbundnetz Gas AG (VNG) as part of its strategy to concentrate on the upstream sector. A 24 March agreement will see EWE Aktiengesellschaft take over Wintershall’s 15…
Minexco Petroleum Inc., the African focused private Oil and Gas Exploration Company, provided details of the petroleum agreement between its subsidiary AGM Petroleum and the Ghana National Petroleum Corporation (GNPC), for their joint project in the South Deepwater Tano Basin…
France-based GDF Suez announced that the Juliet field in the Southern Gas Basin is now producing at its plateau rate of 80MMsqcfg/d. This is the equivalent to 400,000bbl/month. The fast track project has been executed and successfully…
Petrobras announced that it has completed drilling wildcat well 1-BRSA-1205-RNS (Pitu), located in the Potiguar Basin. The results confirm the discovery of intermediate oil as previously announced to the market on 17 Dec 2013. The Pitu well sits at a water depth of 1731m…
An inquiry into the 2009 North Sea helicopter crash, in which 16 men lost their lives, found that had three failures by aircraft operator Bond Offshore Helicopters not happened, the incident 'might' have been avoided. The Fatal Accident…
Houston-based Energy XXI is set to become the largest public independent producer on the Gulf of Mexico shelf after its acquisition of EPL Oil & Gas for US$1.53 billion. Upon completion of the merger, EnergyXXI projects the company will be worth about $6 billion…
Sterling Global Operations (SGO) has been chosen to provide surface - supplied divers for unexploded ordnance search and removal and salvage operations for the sunken 82,000-ton VLCC (very large crude carrier) Amuriyah, an Iraqi tanker sunk near Bubiyan Island off the coast of Kuwait in Jan…
Wrench time has been highlighted as one of the key areas the UK offshore oil and gas industry needs to address to improve production efficiency levels. Average wrench time - the amount of time spent working on a mechanical project, either…
American Electric Technologies, Inc. announced that it has relocated its corporate headquarters to 1250 Wood Branch Park Drive, Suite 600, Houston, TX, 77079. AETI recently reported record 4th quarter revenues and more than 20% revenue growth for 2013…
VARD announced the signing of new contracts with JVs of DOF Subsea and Technip for the design and construction of four pipe lay support vessels (PLSVs). The contracts constitute the largest order in VARD’s history, with an aggregate order value of approximately US$1…
Dutch seismic interpretation solutions provider dGB Earth Sciences has opened an office in Rio de Janeiro because of the growing market for seismic interpretation solutions in South America. The company's open-source seismic interpretation platform…
Hoover Container Solutions acquired Container Company Ltd.,supplier of cargo carrying units (CCUs) for the offshore oil and gas industry. Headquartered in Aberdeen, Scotland, Container Company designs, supplies and services a full range…
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