West Australian independent Woodside Petroleum Ltd. has farmed-in to the 7200sq km Lake Tanganyika South Block, Tanzania. Beach Petroleum (Tanzania) Ltd., a wholly owned subsidiary of South Australia's Beach Energy Ltd., will transfer…
Allseas mega-vessel, the Pieter Schelte, is to be completed in the port of Rotterdam. Owner and designer Allseas and the Port of Rotterdam Authority have signed an agreement for the Pieter Schelte to arrive in Rotterdam, from Korea, where…
The BP MS 150 is a two-day fundraising cycling ride organized by the National Multiple Sclerosis Society: Lone Star Chapter. This ride is the largest event of its kind in North America, and the top fund- raiser for the society, but it’s one of more than 100 Bike MS rides staged around the US…
Royal Dutch Shell is selling a major portion of its stake in Australia's Woodside Petroleum Ltd., raising AU$5.7billion. Shell is selling 9.5% back to Woodside, and another 9.5% to institutional investors, at a small discount to the closing share price on 16 June 2014…
Norwegian private equity firm Viking Venture has acquired 40% of the shares in Norway-based 4Subsea. 4Subsea specializes in providing monitoring solutions, software, and expert services for flexible risers, as well as well intervention and wellhead systems…
Gazprom Neft subsidiary Gazpromneft-Sakhalin has started drilling an exploratory well in its Dolginskoye field, located 75km off Russia in the Pechora Sea, the operator announced today. It is the fourth well drilled at the site, after two drilled in North Dolginskoye and one in South Dolginskoye…
The Ministry of Construction, Housing and Utilities of the Russian Federation has granted a construction permit to Amsterdam’s South Stream Transport for the South Stream gas pipeline. The pipeline will originate in Russia, pass under the Black Sea…
Continual expansion of unconventional oil and gas development seen over the next decade - most notably in the US, but also around the globe - will necessitate steadily increasing proppant sales over the next 10 years. In the US, proppant…
Xcite Energy has agreed a memorandum of understanding with Norway's Aibel, setting out the principles for executing the engineering, procurement and construction self installing platform for its UK North Sea Bentley heavy oil field. The platform…
UK-based exploration and production firm Ithaca Energy has agreed to buy non-operated stakes in three producing fields from Sumitomo Corporation. The deal, worth about US$170 million, will see Ithaca take a further 20% interest in the Shell-operated central North Sea Cook field…
Mubadala Petroleum announced today that appraisal drilling and testing has confirmed the Pegaga discovery in Block SK320 offshore Malaysia as a substantial gas discovery with significant commercial potential. A third discovery, Sirih-1…
On the 14-16 October, the 5th biennial edition of SPE Russian Oil & Gas, Exploration and Production Technical Conference and Exhibition will be taking place at the All-Russian Exhibition Center in Moscow. The organizers are expecting a total…
Geoscience firm CGG and Russia's Sovcomflot have agreed to form a joint venture company dedicated to conducting high-end 3D marine seismic acquisition services with a focus on Arctic and sub-Arctic waters. The joint venture, to be called Arctic Geophysical Exploration (AGE)…
Tony Durrant has been appointed CEO of UK-based exploration and production firm Premier Oil, with immediate effect. Durrant replaces Simon Lockett (pictured), who announced his plans to resign from Premier Oil in February this year. Read…
Updated 26 June The US House of Representatives passed bill HR6, the Domestic Prosperity and Global Freedom Act on 24 June, after debates held this week. The House Energy & Commerce (E&C) committee approved HR 6, authored and sponsored by Rep…
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