Four months after taking to the helm of Italian state-run Eni, CEO Claudio Descalzi is now the subject of a corruption investigation related to the acquisition of the large and lucrative deepwater oil prospecting lease (OPL) 245 offshore Nigeria…
At present we are seeing lower oil prices as a function of softer demand growth in both Europe and China combined with recent output increases from OPEC, particularly Libya, together with the ongoing surge in US production. In the short-term…
Allseas' mega-vessel, the Pieter Schelte, is close to leaving Korea for Europe after leaving Daewoo Shipbuilding & Marine Engineering's quayside on Geoje Island for open water for sea trials. Tests on the 382m-long, 124m-wide vessel,…
Brazil's state-run oil company, Petroleo Brasileiro, will sign a contract to build and lease a floating production ship for its Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on 18 September, as reported by Reuters…
Brazil could be poised to become one of the largest oil producers in the world, according to senior executives speaking at this year’s Rio Oil and Gas conference. Monday’s Shell luncheon at the event offered an outlook on the changes…
Scotland is to remain a part of the United Kingdom after the results of a historic referendum revealed this morning (September 19) that a majority had voted no to independence. However, despite many keen to maintain the status quo…
Consulting petroleum geologist Colin Stabler spoke to a full house at the Houston Geological Society's General Dinner on 15 September 2014, presenting 'Mexico's Challenge to Explorationists.' Stabler has worked Mexican subsurface geology since 1966…
Less than a week before Scotland goes to the polls over independence, the heads of BP and Shell have made their opinions clear amid counter claims over North Sea oil. Bob Dudley and Ben van Beurden, the CEOs of BP and Shell respectively…
Norway will award oil and gas licenses in new offshore areas, including in an important Arctic zone bordering Russia, in the first half of 2016, reported Reuters. The agency said Norway's oil and energy ministry, which asked companies…
Rosneft and PetroVietnam announced they will set up a joint venture to develop two oil field blocks in the Pechora Sea in Russia’s Arctic, Reuters reported on 5 September 2014. According to the report, Rosneft will hold 66.67% interest in the JV…
Shell’s GeoSigns has helped the company find reservoirs like the pre-salt West Boreas field in the Gulf of Mexico and there is more to come. Elaine Maslin reports. Shell’s iScope facilities…
Royal Dutch Shell plc has named Harry Brekelmans as projects and technology director, effective 1 October 2014. Brekelmans is currently Shell’s executive vice president operated, upstream international. He joined Shell in 1990 and has…
Shell made a gas discovery at the deepwater Majoram-1 well 180km off the Malaysia coast. The Marjoram-1 well is located in Block SK318, in 800m of water. Shell says the addition of new natural gas resources this year ensures the company is able to continue to provide cost-effective…
IKM Group will provide a riser-less top-hole mud circulation system to Shell on the Malikai project offshore Sabah, Malaysia. IKM says the contract award is an important milestone for its MRR technology (mud recovery without riser) and…
Nearly 50 companies have made applications for licenses in the Norwegian government's lates licensing round. The deadline for applications ended September 2. Norway's Ministry of Energy and Petroleum said applications had been received…
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