Deepwater exploration offers one of the few attractive places for today's international oil companies, but costs will need to be curbed to make it work, senior executives said in Aberdeen today (14 October). Total's…
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…
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…
Egypt has paid off US$1.5 billion of its debt to foreign oil and gas companies, the country's petroleum minister has announced in a statement, according to Egyptian media. The payment, announced a day after the Egyptian government signed $1…
Deep Sea Mooring (DSM) has secured a contract to provide a range of mooring services for Repsol's drilling operations on the Norwegian Continental Shelf. Under the contract, DSM will provide marine engineering services and deliver the mooring equipment…
Australia’s AG&P ALE Ventures deployed the Hydro Deck to deliver the first modules to the Inpex-operated Ichthys LNG project. Over the course of the project, the Hydro Deck will offload more than 200 large, pre-fabricated modules from sea to ground…
Transocean shareholders elected Merrill A. 'Pete' Miller, Jr., to its board of directors, the company announced on 22 September 2014. Miller’s selection was previously announced in July. The board intends to designate Miller as vice chairman…
London-based Golar LNG Ltd. (GLNG) has appointed Sir Frank Joseph Chapman to the Board of Directors and as the company's Chairman, effective 19 September 2014. Sir Frank Chapman has worked 40 years in the oil and gas industry, culminating…
Total's production should grow to about 2.8MMboe/d in 2017, as 15 major projects start-up in the period from now, the French super major said today (22 September). But, strict capital discipline will also be key, in addition to selling an additional US$10 billion of assets in 2015-17…
CNOOC Ltd. began drilling at the WZ12-10-1 exploration well in the Beibu Gulf Block 22/12, offshore China. Map from Horizon Oil The well is located 4.7km east-northeast from Roc’s existing…
Fractured basement reservoir explorer Hurricane Energy says post-well data analysis of its 1km horizontal appraisal well 205/21a-6 well test in Q2 this year has shown better than expected results. The firm said the well, which tested…
Statoil has received consent from the Petroleum Safety Authority to use the COSLInnovator mobile drilling facility for production drilling on the Troll field using the controlled mud level method. The consent covers the use of COSLInnovator for production drilling on 8½in…
Petrobras expects pre-salt production to account for 50% of its total production by 2020, Carlos Tadeu Fraga, Petrobras’ general manager for pre-salt E&P told attendees at Rio Oil and Gas 2014 on Wednesday. Fraga (pictured) stepped in…
Singapore-based Pioneer Marine awarded Wärtsilä a contract to supply 22 bulk carriers under construction at Yangzhou Guoyu Shipbuilding Co. in China, with ballast water management systems. 44 Wärtsilä…
Subscribe
