Statoil is paying US$350 million to take a “time-out” in its Kwanza exploration drilling program offshore Angola. The Stena Carron. From Stena Drilling. The Norwegian giant decided…
Lundin Petroleum’s Kitabu-1 exploration well, in Blocks SB307/SB30, offshore Sabah, Malaysia, came up dry, the Swedish independent announced on 18 November. Lundin said that the primary reservoir interval contained poor quality siltstone…
Shell Gabon awarded Van Oord an engineering, procurement and construction (EPC) contract for the replacement of a dual 10km long oil export line. The EPC contract began this month and continues until summer 2015. The export line runs from the Gamba terminal…
Vallourec has received a contract to supply premium tubes and connections for the ultra-deepwater Kaombo field off Angola, operated by TOTAL E&P Angola. As part of this contract, Vallourec will supply 27,000 tons of OCTG (oil country…
Stephen M. Butz joins Rowan Companies plc as executive vice president, chief financial officer and treasurer, effective 1 December 2014. Butz joins the company from Hercules Offshore, Inc., where for the past nine years he has served in various corporate development…
ConocoPhillips is plugging and abandoning the Kamoxi-1 exploration well as a dry hole after drilling to a total depth of 22,660ft, offshore Angola. Kwanza basin activity. From Deloitte Petroview Kamoxi…
Following evidence submitted to the Treasury for its recent consultation on the North Sea tax regime, Oil & Gas UK has this week made a further representation, repeating calls for urgent reform in light of escalating industry costs and the falling oil price…
Penspen announces the addition of two high-profile new appointments to its executive committee, including chief operating officer and executive vice president, sales and marketing. Top: Brown…
BP is assessing a further phase development on its west of Shetland Clair field, which could see another new, large central processing facility built in the field. The move will seek widely spread areas of the estimated 7-8 billion barrel oil originally in place Clair field…
The Bureau of Ocean Energy Management (BOEM) released the draft supplemental environmental impact statement (SEIS) that predicts a higher exploration and production scenario than before for the Chukchi Sea Outer Continental Shelf Oil and Gas Lease Sale 193…
The Board of Directors of Royal Dutch Shell plc have designated Charles O. 'Chad' Holliday as the next Chairman of the Board. Holliday will succeed Jorma Ollila at the next annual general meeting, in May 2015, and will become the first American Chair of the company…
FMC Technologies Inc. signed a 10-year global frame agreement with BG Group to supply subsea equipment and services for BG developments worldwide. FMC mentioned the award from BG Group during its earnings call on 22 October 2014. This…
State-owned oil company Petróleos Mexicanos (Pemex) has issued two series of notes totaling US$1 billion, guaranteed by the US Export-Import Bank. Pemex is using the proceeds from the sale of the notes to purchase goods and services…
Gazprom Neft, the fourth largest oil producer in Russia and the subsidiary of Gazprom, may consider the possibility of suspension of implementation of several projects on the Russian shelf, due to sanctions, imposed on Russia. Alexander Dyukov…
The latest EIC Monitor report paints a mixed picture of activity across the global upstream sectors in 3Q 2014, with a large decline in upstream activity. The global oil and gas industry has followed a gentle downward trajectory of project…
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