US rakes in $850million for lease sale The US Bureau of Ocean Energy Management (BOEM) received 380 bids for 326blocks in the central Gulf of Mexico, totaling more than US $850 million. Gulf of Mexico Lease Sale 231 attracted operators to bison almost 40 million acres…
Missed out on the top stories this week? Here are our top three most-viewed stories from the past week: OAA winners shine - More than 500 industry professionals came together at the sparkling 28th Offshore Achievement Awards ceremony in Aberdeen…
Global oil majors continue to lobby concessions for opertations on the Russian Arctic shelf; Eugene Gerden reports. Amid the fierce critics from the global environment organizations, the Russian government continues to create conditions…
A rendering of Kirinskoye's subsea processor, a first for a Russian company. Sarah Parker Musarra examines the offshore developments that helped make 2013 a banner year for Russia's Gazprom. Located…
Greenpeace has said five of its 14 activists have scaled the West Alpha semisubmersible drilling rig offshore Norway in protest against ExxonMobil’s plans to drill in the Russian Arctic. The protest has been staged on the 25th anniversary of the Exxon Valdez oil spill…
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…
The Shah Deniz and South Caucasus Pipeline consortia have awarded key contracts for the development of the Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects. The contracts, covering project management services and construction…
Brazil's President Maria das Graças Silva Foster and Director of Exploration and Production, José Formigli, announced the start of the seventh and final round of the Fleet Renewal Plan for Offshore Support Vessels (Prorefam). The Brazilian…
BP announced that it has entered into an administrative agreement with the United States Environmental Protection Agency (EPA), on behalf of the federal government, resolving all matters related to the suspension, debarment and statutory…
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…
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…
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…
Targeted maintenace could boost UK North Sewa production by 10%, equating to US$18 billion in annual revenue, suggests Alan D'Ambrogio, ABB Consulrung's vice president, oil and gas. Meg Chesshyre reports. In 2013, the industry invested £13…
US Geological Survey (USGS) scientists have been developing a computer model that could potentially assist scientists in tracking and predicting where oil will go following a spill, sometimes years afterwards. The tool could also assist in oil spill clean-up…
Colombia’s offshore is not as widely explored as its conventional onshore space. The country, which has many resources including coal bed methane and even shale, is making a bigger push for offshore exploration. Colombia’s Vice Minister of Energy for the Ministry of Mines and Energy…
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