Updated at 22 October 2014 at 3 p.m. Pemex called off the evacuation of its 15,000 workers in the Bay of Campeche after severe weather conditions improved. Earlier today, OE reported that Mexican national Pemex began evacuating its…
Australia-based Sunbird Energy has agreed a deal to raise more than AUD$25 million to help advance its Ibhubesi Gas Project offshore South Africa. The deal involves Pan-African investment company Vandasia Investments acquiring 43.9% interest…
CNOOC discovered oil in its second Beibu Gulf well, WZ12-10-2, in Block 22/12, off the southern Chinese coast. The shallow-water (36m WD) location is about 1.6km (1mi.) east-northeast of the WZ12-8W platform and about 3.2km west-southwest of the previously drilled discovery well…
Odebrecht and Teekay received a letter of intent from the Libra consortium to charter an FPSO for the extended well test campaign in the Libra area of the Santos Basin pre-salt, offshore Brazil, Petrobras announced on 10 October 2014. The…
The deepwater drillship Pacific Sharav arrived in Keathley Canyon to begin work for Chevron. The drillship is the fifth for Chevron to work in the deepwater Gulf of Mexico. According to data from the US Bureau of Ocean Energy Management…
Petrofac has secured a duty holder contract for two assets in the southern North Sea, following their acquisition by Faroe Petroleum. Petrofac will continue to provide operations and facilities management to the Schooner and Ketch platforms…
Petroleos Mexicanos (Pemex) awarded the Houston-based, Cameron-Schlumberger joint venture OneSubsea, a US$270 million subsea production systems contract for the Lakach deepwater project offshore Mexico. The Lakach project is the first deepwater subsea field to be developed by Pemex…
Maersk Oil North Sea UK Ltd. awarded Heerema Hartlepool Ltd. a contract for the engineering, procurement and construction (EPC) of the Culzean development’s well head platform (WHP) jacket. Maersk’s proposed Culzean development…
UK exploration independent Enegi says the Phoenix discovery in the central North Sea is a viable candidate for its marginal field initiative. Phoenix, in Block 22/12b, was operated by Apache. In 2010, Apache, drilled the 22/12a-12 appraisal well…
CNOOC Ltd. began drilling the WZ12-10-2 well, the second and last of the two-well project in the Beibu Gulf Block 22/12, offshore China. Beibu map. From Horizon Oil. The exploration well is located 1…
An international arbitration panel has awarded ExxonMobil US$1.6 billion for Venezuelan assets seized in 2007. The World Bank's International Centre for Settlement of Investment Disputes (ICSID) decided unanimously that Venezuela has to pay damages to oil company ExxonMobil totaling $1…
CNR International Ltd. (CNRI) awarded the Heerema-AF Consortium a contract for the removal and disposal of the Murchison platform, marking a significant step towards the decommissioning of one of the largest platforms in the UK North Sea…
Centrica Energy's Norwegian outfit has started drilling on the Ivory prospect in production license 528 in the Norwegian Sea, according to partners Rocksource and Atlantic Petroleum, Exploration well 6707/10-3 S is being drilled using the West Navigator drillship…
Sevan Drilling and Cosco (Qidong) Offshore have agreed to extend a standstill agreement over the building of the deepwater, cylindrical drillship Sevan Developer to 4Q. The move, which follows an initial standstill agreement, made on September 22…
Colombia’s oil industry has railed against a proposed tax reform presented on Saturday to the country’s congress, Reuters reported. The proposed regime aims to raise $53 trillion Colombian pesos (just over US$26 billion) from 2015-2019. Image…
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