After a half-year hiatus, exploration and production in the Siri area has recommenced. DONG Energy reconnected the Siri Knutsen to three of the Siri area’s four oil fields on 28 January 2014, offshore Denmark. The Nini East field delivered first oil on 4 February 2014…
Statoil recently halted production on the Statfjord C platform off Norway after a “limited” oil leak in to the Norwegian Sea. No injuries were reported by the firm, but its 270 crewmembers were boarded lifeboats until the leak was identified and stopped…
Cameroon's state oil company National Hydrocarbons Corp. (SNH) announced that it will offer a licensing round for four blocks, three offshore: Bomana, Lungahe, and Ndian River, all in the Rio Del Rey basin. The Bomana block covers 139…
Despite record levels of UKCS investment during 2013, the year proved to be disappointing both in terms of exploration and appraisal drilling activity and to a lesser extent the acquisition and divestments market. UKCS Drilling Levels 32…
A US court ruling has put a key document supporting oil major Shell's Chukchi Sea drilling in doubt. Over one partial objection, the US Court of Appeals for the Ninth Circuit (CA9, panel based in San Francisco) ruled that selection by the Bureau of Ocean Energy Management…
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…
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…
The Shah Deniz gas field consortium in Azerbaijan will proceed with stage 2 development of the Caspian Sea field, opening its sources to Europe. Stage 2 includes offshore drilling and completion of 26 subsea wells, the construction of two bridge-linked platforms…
London-listed oil and gas industry service provider Petrofac has placed the first long-lead orders for its new in-house-designed deepwater derrick lay vessel, to be built at the Shanghai Zhenhua Heavy Industry Co., Ltd (ZPMC) yard in China…
UK-based engineering and project management firm AMEC has said it has made a provisional offer to buy Switzerland-headquartered Foster Wheeler AG for US$3.2 billion.Foster Wheeler is an international engineering, construction and project management contractor…
Baker Hughes kicked off its first STEM event for high-school students in the Houston area this past summer, inviting 22 students to visit its drill bit manufacturing facility in The Woodlands, Texas. The success of the program, and positive feedback throughout the industry…
Royal Dutch Shell plc announced the successful completion of the acquisition of Repsol S.A.'s liquefied natural gas (LNG) portfolio outside North America for a headline cash consideration of US$4.1 billion. As part of the transaction…
Chevron North Sea Ltd. will proceed with its high-pressure, high-temperature (HPHT) Alder field development in the North Sea after receiving regulatory approval. Discovered in 1975, Chevron says new technology has helped to unlock the central North Sea field…
Aker Solutions completed the sale of its well-intervention services business area to EQT, a Swedish private equity fund.The unit was sold for an enterprise value of NOK 4 billion and the agreement includes an earn-out provision where Aker…
Oil spills around Trinidad began to be reported on 17 Dec, suggesting more than one source of contamination. The state oil company of Trinidad & Tobago, Petrotrin, suggested sabotage and environmental terrorism. The Oilfield Workers Trade…
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