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…
Noble Corp. today reported Q4 2013 net income of US$174 million, and for Q3 2013, the company reported net income of $282 million. Net income for the full year 2013 totaled $783 million, on revenues of $4.2 billion, compared to net income of $522 million on revenues of $3…
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…
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…
Norwegian exploration firm Rocksource has agreed a farm-out deal with Atlantic Petroleum Norge and announced a deal for a European oil firm to buy electromagnetic data and use its software. The farm-out is an option deal with Atlantic Petroleum…
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…
The Government of the Republic of Trinidad and Tobago invites participation in its 2013 Deep Water Competitive Bid Round for six offshore blocks located in the East Coast Marine Area and Trinidad and Tobago Deep Atlantic Area to be governed by production sharing contract agreements…
Chariot Oil & Gas Ltd has completed a 2128km 2D seismic survey in southern block 2714B offshore Namibia, the company announced. The survey was carried out by Dolphin Geophysical Ltd using the seismic vessel Artemis Atlantic to provide…
The Statoil-operated Peregrino field, one of Brazil’s most significant offshore producers, is a wealth of resources, including Norwegian- developed technology. Sarah Parker Musarra chatted with Statoil Brazil Country President Thore E. Kristiansen…
Repeated boughts of bad weather around the UK have caused disruption to offshore oil and gas operations in the North Sea. Endeavour International Corporationsaid today that, due to the continued periods of bad weather, timing of first production from second production well…
A semisubmersible drilling rig under construction at a yard in Korea is resting on the seabed after water entered the pontoon hull and the unit sank. The rig, Deepsea Aberdeen, is being built for Odfjell Drilling at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in Korea…
Offshore projects, including oil spill response and observation systems, have been included in the European Union's€80 billion research and innovation program Horizon 2020. Horizon 2020 is a challege-based research and innovation program run by the European Research Council (ERC)…
At a meeting of the HRT's Board of Directors held on Dec. 20, 2013, resolutions were passed on the following motions by the majority of the members in attendance: To acknowledge that the election of Messrs. Edmundo Falcão and Marcello Pacheco is null and void…
Two workers were injured and production was slashed when a fire broke out aboard one of Petrobras’ Marlim field platforms, the production semisubmersible P-20. Marlim is located in Brazil’s Campos basin, about 110km offshore the state of Rio de Janeiro…
Fugro has reached agreement with The State Oil Company of the Azerbaijan Republic (SOCAR) to form a new Joint Venture for the performance of bathymetric, geophysical and geotechnical surveys, the provision of autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs)…
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