Exxon, Rosneft establish ARC Rosneft and ExxonMobil signed agreements establishing a joint Arctic Research Center (ARC) in Russia and technology-sharing to support their joint ventures worldwide. ARC will provide research, development…
Peru launches offshore round Peru’s international bid round will offer offshore blocks Z-56 and Z-57 (Cuenca Salaverry-Trujillo); Z-53, Z-54, and Z-55 (Lima-Pisco Basins); and Z-58, Z-59, and Z-60 (Cuenca Mollendo). The blocks are within seven miles of the coast…
A high level of fabrication activity in and around the North Sea is attracting new players. Elaine Maslin reports. Platform fabrication for new installations in North Sea will reach fever pitch this year as a historically high number of facilities are completed for load out…
A group of 24 nations and the EU are meeting in Bremerhaven, Germany, July 11-16, to discuss revised proposals to create two marine protected areas (MPAs) in the ocean surrounding Antarctica. If approved, these may become the largest marine reserves on Earth…
Colloquy: Editor’s Column The American Association of Petroleum Geologists (AAPG) has developed a new African exploration GIS database, as the Edward G. Purdy Memorial Project, honoring the late geologist (b. 4 December 1931, d. 13 October…
A semisubmersible floating production system for Malaysia’s Gumusut-Kakap deepwater field was delivered to be installed at the project development site offshore Sabah. The Gumusut-Kakap field is Malaysia’s second deepwater development after the Kikeh oil field…
Tenaris announced that it will provide the TenarisHydril Wedge 623™ Dopeless® and Blue® Riser connections for Shell’s Olympus TLP in the Gulf of Mexico. The Wedge 623™ connections were designed to comply with recent changes in deepwater operating requirements in the Gulf of Mexico…
Analysis: Perspectives Independent oil companies have led the way opening new frontiers in recent years, but this may change as companies of all sizes have locked-up huge swathes of frontier acreage, creating opportunities for exploration-driven deals…
Sakhalin-II is an intergrated, export-oriented oil and gas development, and Russia’s first offshore gas project. It handles production from Piltun-Astokhskoye oil field and the Lunskoye natural gas field in the Okhotsk Sea, and is managed and operated by Sakhalin Energy Investment Co…
Russia's Rosneft and Venezuela's PDVSA struck a deal concerning the implementation of projects offshore Venezuela. The agreement calls for the two companies to conduct joint studies evaluating technical and economic viability of offshore gas and condensate production in Venezuela…
Royal Dutch Shell plc will develop the Stones ultradeepwater project in 9,500ft of water, about 200mi southwest of New Orleans. Development will start with two subsea wells tied back to an FPSO, followed by six additional wells. This first phase is expected to reach peak production of 50…
Russian state-owned company Gazprom along with a consortium of Japanese firms have signed a memorandum of understanding (MOU) concerning the development of Gazprom's Vladivostok LNG project. Present for the signing on June 22 were Gazprom Chairman Alexey Miller and Masanori Toyoshima…
UK-based exploration firm Ithaca Energy has agreed farm-out deals with Edison International and Shell on North Sea blocks. Shell is to take a 50% stake from Ithaca in production license P2048, covering central North Sea blocks 29/24, 29/25…
Russia’s campaign to sell its energy wares throughout the Asia Pacific region continued at several US energy conferences this spring: IHS CERAWeek (March) and LNG 17 (April). Russia reiterated that it can curb production declines and ramp…
Rosneft annoucned today it has signed cooperation agreements with Norway's Statoil, Italy's Eni, and America's ExxonMobil. Statoil and Rosneft have made official their plans to explore for oil and gas offshore Russia. The two companies…
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