Circulation Solutions, LLC, a drilling and completion products company, specializing in lost circulation and other completion problems, recently acquired the assets and intellectual property of RAMP Chemicals, LLC based in Laredo, Texas. The acquisition…
A project milestone was achieved yesterday with the final heavy lift on Nexen Petroleum UK Ltd's Golden Eagle development platform living quarters module, currently under construction on Sembmarine SLP's Lowestoft yard, UK. The single…
The Pakistani government has announced a new petroleum policy, attracting investment of about US$2.02 billion for oil and gas exploration in the country during the last three years. The policy projects incentives including: better gas price…
Croatia’s government is planning to publish tenders for oil and gas exploration in the central and southern Adriatic Sea in Q2 this year. The announcement followed the completion of a 2D multiclient seismic acquisition survey offshore…
Middle East-based offshore support vessel company Topaz Energy and Marine has acquired two large and modern anchor handling towage and supply vessels (AHTSV) for about US$100 million. The vessels, the Caspian Challenger and the Caspian Endeavour…
Norway’s government has offered a record 48 companies stakes in 65 new production licenses in its 2013 Awards in Predefined Areas (APA 2013) licensing round. The move sets a record, both in the number of production licenses offered and the number of companies involved…
Gazprom announced that its newest liquefied natural gas (LNG) carrier was named today at STX O&S shipyard in Jinhae, South Korea. The vessel, Velikiy Novgorod, will be the fifth in Gazprom's tanker fleet. Taking part in the ceremony were Alexander Medvedev…
Ecuador, the smallest oil-producing affiliate of the Organization of the Petroleum Exporting Countries (OPEC), is the fifth-largest oil producer in South America, and has the third-largest oil reserves in the region, after Venezuela and Brazil…
OMV and its partners have announced the completion of the largest 3D seismic survey in the Black Sea. The survey, covering 7740sq km, in the 1-21 Han-Asparuh block,offshore Bulgaria, is also OMV's largest survey. Interpretation of…
Fundy Tidal Inc.'s turbine project in the Bay of Fundy, off Nova Scotia. www.fundytidal.com
Two tidal turbine developers will win the chance to demonstrate their technology in the Minas Passage in the Bay of Fundy, home to the world's highest tides. Nova Scotia's recent tender for a berth at the Fundy Ocean Research Center for Energy (FORCE)…
The Government of AbuDhabi has extended the concession for the Upper Zakum oil field,offshore Abu Dhabi, United Arab Emirates (UAE) to 2041. The extension adds more than 15 years to the previous term. Upper Zakum is being jointly developed by Abu Dhabi National Oil Company (ADNOC)…
Chinese oil firm CNOOC says it is planning to invest RMB 105 billion (US$17.35 billion) to 120 billion ($19.82 billion) on projects during 2014. Nexen Inc, bought by CNOOC in early 2013, will account for about 19% of the spending. Overall…
Gazpromneft Sakhalin says it has started work preparing to drill an appraisal well in the Pechora Sea. The firm, a subsidiary of Gazprom Neft and project operator for the exploration and development of Dolginskoye field, on the arctic shelf of the Pechora Sea…
The finalists for the annual Subsea Awards have been revealed with a mix of small start-ups and large, multi-nationals in contention for recognition during Subsea Expo. The winners will be announced at the gala dinner on Wednesday, February 5…
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