Anadarko Petroleum Corp has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Ltd., whereby Anadarko will divest its Chinese subsidiary for US$1.075 billion. 'This transaction accelerates…
The US rig count increased by seven to a total of 1771 for the week of 21 Feb 2014, according to Baker Hughes Inc. This is an increase of 10 rigs from last year, and seven from the previous week. Of the total, 1425 vessels are exploring for oil…
Mexican President Enrique Peña Nieto and Canadian Prime Minister Stephen Harper agreed at a summit on Wednesday, to adopt the tough new fuel standards for heavy-duty trucks that President Barack Obama set for the US on Tuesday. The North…
The global launch of a significant new product line will be the key topic for discussion when Swire Oilfield Services brings its international team to AOG 2014 in Perth from February 19-21. A number of senior executives from the UK and…
Teekay Offshore Partners L.P. has agreed to acquire ALP Maritime Services B.V., a Netherlands-based provider of long-haul ocean towage and offshore installation services to the global offshore oil and gas industry. ALP currently provides…
Organizers of the Offshore Achievement Awards (OAA) are expecting another record-breaking year for attendance at next month’s ceremony, following the introduction of two new categories and an increased number of entries. The awards, organized…
Industry body Oil & Gas UK has welcomed a review of offshore transportation in North Sea, including measures to increase safety. The review, carried out by the UK’s Civil Aviation Authority (CAA), was commissioned in the wake of a string…
Det Norske Oljeselskap's well 7222/11-2 on the Langlitinden prospect in production license 659 in the Barents Sea is being completed. Partner Lundin Petroleum said logs and samples have been acquired. Oil with very low mobility was sampled in Middle Triassic sandstones…
Statoil Petroleum AS, operator of production license 628, is in the process of concluding the drilling of wildcat well 25/9-4. The Norwegian Petroleum Directorate said the well was dry. The well was drilled about 25km from the Jotun field in the central part of the North Sea…
The TOTAL E&P Norge operated exploration well 25/5-9 on the Trell prospect in production license 102 F/G in the Norwegian North Sea has discovered oil in the Paleocene Heimdal Formation. The well intersected 19m of net pay in excellent quality Heimdal reservoir…
Today, the US Federal Energy Regulatory Commission (FERC) approved a request from Sabine Pass Liquefaction LLC and Sabine Pass LNG to increase the maximum peak day liquefied natural gas (LNG) production and export capacity for Trains 1-4 at the Sabine Pass LNG terminal to 2…
IHC Merwede launched the new pipelaying vessel Sapura Topázipo (pictured) at its shipyard in Krimpen aan den IJssel, the Netherlands. The naming of the fully integrated IHC Merwede vessel was carried out by Puan Sri Datin Seri Yazreen Yahya…
Turbine supplier and tidal energy project developer Atlantis Resources has started trading on the Alternative Investment Market (AIM), operated by the London Stock Exchange. The placing gave the firm a £72.1 million market capitalization…
SURF contractor Ceona has been awarded a contract for work in the Gulf of Mexico from Bennu Oil and Gas, LLC. The Clipper Contingency Umbilical Installation Project consists of the installation of a 1.1mi-long dynamic umbilical and two…
UK-listed explorer Ophir Energy is eying floating LNG to develop its Equatorial Guinea gas fields and has signed a letter of intent with Petrofac to help it draw up a field development plan. Ophir has an 80% interest in Block R, in the south-eastern part of the Niger Delta complex…
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