Noble Energy Inc. announced that it will propose the election of the company’s President and COO, David L. Stover as a director at its 22 April 2014 organizational meeting, and that it intends to appoint Stover as CEO in October 2014. This decision follows current Chairman and CEO…
Dragon Oil says drilling on the Cheleken Contract Area in Turkmenistan has been delayed and will be weighted towards H2 this year, with a total 14-16 wells due to be drilled. The Cheleken Contract Area covers about 950sq km and comprises two offshore oil and gas fields…
Statoil has signed an agreement to farm down a 15% interest in WRG Angola Block 39 Ltd. offshore Angola in the Kwanza pre-salt basin. WRG is a 50/50 joint venture comprising White Rose Energy Ventures and Genel Energy plc. Statoil is operator of the block…
Aker Solutions’ former well intervention services business, which was acquired by private equity fund EQT VI in January this year, has been restructured and will operate under two brands from 22 Apr 2014: Altus Intervention and Qinterra Technologies…
Austrian integrated energy firm OMV has boosted its UK west of Shetland holdings after agreeing to buy four licenses in the area from Hess, including the Cambo field and the Blackrock prospect, for US$50 million. Depending on future developments…
France-based GDF Suez announced that the Juliet field in the Southern Gas Basin is now producing at its plateau rate of 80MMsqcfg/d. This is the equivalent to 400,000bbl/month. The fast track project has been executed and successfully…
EnQuest has completed the acquisition of the UK Continental Shelf Greater Kittiwake Area (GKA) assets previously owned by Centrica North Sea Oil Limited (Centrica), as well as Centrica’s 100% interest in the Kittiwake to Forties oil export pipeline…
Endeavour International Corp announced that the valve in the Rochelle field that had been stuck in the 'shut' position is now open, and production is expected to re-start in the next few days. Following the tie-in of the East Rochelle E2 well…
Houston-based Helix Energy Solutions is to provide Petrobras with well intervention services for a minimum four years, using two new-build vessels. The two new monohull vessels, being built at the Flensburger shipyard in Germany for Norway’s…
On 30 Jan 2014, House Government Bill C-22 was introduced in the second session of Canada's 41st Parliament, amending the Canada Oil and Gas Operations Act for, among other matters, new requirements for regulatory preauthorization of…
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…
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…
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…
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