A consortium composed of BHP Billiton and BG International won blocks in the recent Trinidad and Tobago offshore bid round, the Ministry of Energy and Energy Affairs (MEEA) announced. MEEA awarded BHP Billiton Petroleum Pty Ltd. and BG International Ltd…
Cylindrical floating vessel firm Sevan Marine says it has a positive outlook with multiple leads for its technology, including FLNG technology and potential deals for floating production units on Premier Oil’s North Sea Bream field and Shell’s Penguins…
Staatsolie, Suriname’s state-oil company, is offering three deepwater blocks through a competitive bid round. The blocks for bid include offshore blocks 58, 59 and 60, which lie east of Suriname in the Suriname-Guyana basin. The Suriname…
BP Trinidad and Tobago LLC (BPTT) announced the sanction of its Juniper offshore gas project off the southeast coast of Trinidad. The project will involve the construction of an unmanned platform and associated subsea infrastructure…
The American Petroleum Institute (API) released comments urging the Bureau of Ocean Energy Management (BOEM) to consider all Outer Continental Shelf areas for inclusion in the government’s offshore oil and natural gas leasing program for 2017 – 2022…
Irish oil and gas exploration firm Providence Resources agreed to contract with Polarcus MC Ltd. and Seabird Exploration for the provision of the 2500sq km of the 2D data in the Newgrange area, which lies in 1000m water depth in the Goban Spur basin…
Canada’s Antrim Energy Inc. announced that recent evaluations have shown frontier exploration license (FEL) 1/13 in the Porcupine basin off Ireland’s west coast to contain what could be massive resources: an estimated unrisked prospective resource potential of 1…
Eco Atlantic Oil & Gas Ltd.received approval from the Parliament of the Republic of Ghana to acquire a 50.51% interest in the Cape Three Points West block, located in the Tano Cape Three Points basin, offshore Ghana. The agreement is for 25 years…
Finland's Arctech Helsinki Shipyard signed a contract to build three icebreaking stand-by vessels for Russia´s largest shipping company, Sovcomflot (SCF Group). The vessels will be built for the North East Sakhalin Offshore region oil…
Oman's Ministry of Oil & Gas (MOG) has announced an oil and exploration bid round which includes two blocks offshore. The two offshore blocks 18, 59 are being opened to bidders alongside onshore blocks 43A, 54, 58. Block 18 is in…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
Petroleos Mexicanos, Mexico's national oil company, released 2Q 2014 financial results last Friday. Total sales increased by $15.9 billion pesos (US$1.2 billion), which represented 4% growth year-over-year. The growth is primarily attributed to a 27…
BW Offshore has agreed a US$800 million, 10-year credit facility for the Catcher floating production, storage and offloading project. The facility is a combined construction and long term financing facility. The credit facility was substantially…
ExxonMobil began exploratory drilling operations in the Kara Sea’s Universitetskaya structure in the East Prinovozemelskiy area on 9 August, defying Western-imposed sanctions against Russian state-owned Rosneft. Drilling on the Universitetskaya-1 well…
London-based independent Tullow Oil agreed to acquire up to 40% interest in the Cooper block, block 2012A, in the Walvis basin offshore Namibia, Eco (Atlantic) Oil & Gas announced on 17 July 2014. The terms of the farm-in includes Eco…
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