Global upstream oil and gas deal activity, including capital markets and mergers and acquisitions (M&A), totaled US$19.3 billion from 125 transactions in June 2015, marking a $4.3 billion decrease in value from the $23.6 billion across 119 deals posted in May 2015…
Despite over 37 billion bbl remaining in proven reserves, oil production in Nigeria is forecast to falter due to underinvestment, with the country’s oil and gas sector in desperate need of reforms and transparency to reverse this trend, according…
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…
China’s national oil companies, Sinopec and CNOOC, want more interests in Brazil’s oil and gas assets, reports Seeking Alpha. The two companies bought into Brazil’s giant deepwater oilfields two years ago, and now seek to increase their holdings as Petrobras continues to sell assets…
Hungarian exploration outfit MOL Group has completed a deal with UK independent Ithaca Energy, giving it its first step into the Norwegian offshore sector. MOL has bought Ithaca's Norwegian subsidiary, which has stakes in 14 licenses…
Gazprom handed Eni subsidiary Saipem a termination notice for the South Stream pipeline project to transport gas via a pipeline in the Black Sea. Image of South Stream pipelay. Images from Gazprom…
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…
Emerson Process Management has acquired Norwegian company Yggdrasil, a provider of flow assurance and production optimization software. Emerson will incorporate Yggdrasil’s METTE production optimization solution into the Roxar reservoir management software portfolio…
Husky Energy started production from the South White Rose project in the Jeanne d'Arc basin offshore Newfoundland and Labrador. The first well has been brought online and the second well is scheduled to start up in late summer. Net peak…
The European Commission has cleared the proposed US$7.6 billion merger between Dresser-Rand and Siemens, the Houston-based equipment supplier announced on 29 June. All of the conditions precedent regarding regulatory matters have now been satisfied…
Norway-based geoscience firm TGS has agreed to buy seismic firm Polarcus' multiclient library, excluding Australia, for US$ 27.5 million and future share on library late sales. The move was described as enabling Polarcus to 'navigate the current challenging market environment…
AtComedia, publisher of Offshore Engineer (OE), is proud to announce the launch of Mexico Midstream Exhibition and Conference 2016 to be held in Monterrey, Mexico, on 16–18 February 2016 that brings together upstream, midstream and downstream…
Fugro is providing wave measurements to support construction operations at an improved oil recovery (IOR) project on the Norwegian continental shelf, around 225km west of Stavanger. The subsea infrastructure on the Alvheim field…
With HelWin2, Siemens has handed over the fourth North Sea grid link to the customer TenneT. This marks the start of commercial operation of the grid connection by the German-Dutch transmission grid operator. There are now four Siemens grid links with a transmission capacity of over 2…
AGR released new functionality for its bespoke well data software, iQx that will improve the analysis of spatial well data by using data collected from more than 6000 wells drilled on the Norwegian continental shelf. The new GEO module is aimed at geologists and petroleum engineers…
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