Energy XXI has closed on the sale of the East Bay Field for US$21 million to a private buyer. In addition, Energy XXI will retain a 5% overriding royalty interest on these assets for a period not to exceed five years from the closing date…
Norway-based geoscience firm TGS has agreed to buy seismic firm Polarcus' multiclient library, excluding Australia, for US$ 27.5 million and future share on library late sales. The move was described as enabling Polarcus to 'navigate the current challenging market environment…
Diamond Offshore’s Ocean America semisubmersible is mobilizing to drill the first well for Karoon Gas Australia in the northern Carnarvon basin exploration permit WA-482-P offshore Western Australia. The Levitt-1 exploration well is expected to be spud during the first week of July 2015…
Dolphin Drilling selected learning technologies provider Atlas Knowledge to deliver a new system to manage the competence and training of its workforce in the UK. The contract will employ Atlas to oversee the installation and development…
Watch this video, developed in house by Oilennium’s team of creative animators and media experts to demonstrate our capabilities and extensive range of cost effective online training products designed specifically for the Oil and Gas industry…
The European Commission has cleared the proposed US$7.6 billion merger between Dresser-Rand and Siemens, the Houston-based equipment supplier announced on 29 June. All of the conditions precedent regarding regulatory matters have now been satisfied…
There has been much uncertainty in recent years around the tax relief available to companies as part of the decommissioning process, as a result of a constantly changing UK tax regime. Oil and gas companies have commonly been required…
Within the next few years, a couple of major decommissioning projects are set to start in the UK sector of the North Sea at the Brent and Murchison fields — and there are plenty of other projects in the pipeline. John Bradbury outlines the activity…
A deadline between western nations and Iran over the country's nuclear activities in a move which could open the country to international oil firms has once again been delayed. A deal, which would see sanctions lifted on the oil and gas rich nation…
DONG Energy has decided to construct Race Bank Offshore Wind Farm, located in the Greater Wash area, approximately 27km off the east coast of Britain.The project will span approximately 29sq mi and is due to be operational by 2018. Race…
Europa Oil & Gas' Porcupine basin off Ireland is valued at US$1.6 billion and potential resources of 1.49 billion boe, according to an independent assessment by ERC Equipoise (ERCE). Map from Europa…
Houston-based Hercules Offshore entered into a restructuring support agreement with a group of its debt holders that will shakeup the company’s finances and position Hercules to benefit during the expected rebound in the offshore drilling industry…
Sound Oil, the European- and Mediterranean-focused upstream oil and gas company, has announced the approval of the environmental impact assessment for the award of the D503-BR-CS permit, covering Sound Oil's Dora and Dalla assets in the Adriatic Sea…
Afren’s Group Finance Director Darra Comyn (pictured) has resigned, effective this summer, the company announced on 12 June. The London-based, Africa-focused, explorer will now begin a search for a new CFO. Afren said Comyn will stay…
Swiber Holdings announced that its subsidiary Swiber Offshore Construction (SOCPL) has established a wholly-owned subsidiary in Singapore known as Whitmer Offshore (WOPL). The initial issued share capital of WOPL is US$100. WOPL…
Subscribe
