Norway's DNO International AS has completed a farm-in by its wholly-owned subsidiary DNO Tunisia AS to the Sfax Offshore Exploration Permit and the Ras El Besh Concession in the Republic of Tunisia. The agreement, with Eurogas International Inc…
Wood Mackenzie’s annual review of Norway's upstream oil and gas industry concludes that the sector showed no signs of slowing down in 2013.The review cites high levels of development spend, asset deals, exploration activity, and a record NKr 176 billion (US$30 billion) capital investment…
Several Caribbean countries are embroiled in bitter maritime border disputes. Sarah Parker Musarra examines the history behind two of Latin America’s most-monitored maritime clashes. Research vessel RV Teknik Perdana was conducting a…
Hungarian integrated oil and gas firm MOL Group has entered the North Sea through a $US375 million deal with Wintershall, a subsidiary of Germany's BASF Group. MOL will acquire 14 licenses in the North Sea, including non-operated equity stakes in the Broom field (29%)…
The deadline for entries for this year’s Offshore Achievement Awards (OAAs) has been extended to December 9. Ambitious companies and individuals hoping to be recognised amongst the best and brightest that the UK offshore industry has…
Chevron and its partners on the multi-billion dollar Rosebank development in the UK North Sea have revealed they are going back to the drawing board on the project. Partner OMV said, at its annual media summit today in Vienna, that it had “been vocal” to Chevron…
Venezuela and Trinidad and Tobago announced Wednesday that the former’s state-held oil company Petróleos de Venezuela, S.A. (PDVSA) will develop an offshore natural gas field in partnership with Chevron. This agreement marks the end of a…
Alaska states Arctic needs Alaska’s Lt. Governor Mead Treadwell stated the case for the state’s needs at the Ice-Diminished Arctic Conference in Washington, D.C. He emphasized the need for safety, security, and economic development in the region…
Globetrotting. OE sought to uncover which new offshore regions are being targeted as potential new markets. Here’s what our think tank had to say: “Geographically, what offshore region will emerge next as a new market?” Chariot…
Ocean Rig UDW Inc. signed a contract with Total E&P Angola, for its ultra deepwater drillship, Ocean Rig Skyros. The contract is for five wells or a minimum of 275 days for drilling offshore West Africa, with an estimated backlog of about US $190 million…
Shell, and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas (BC-10) and the Bijupirá/Salema fields. 'Offshore Brazil is a key part of our plans to grow our deepwater portfolio – a key component of our global strategy…
Rosneft, jointly with the RosHydroMet Arctic and Antarctic Research Institute, starts the large-scale program for comprehensive studies of the Kara Sea shelf as part of Kara Sea Summer 2013 Marine Expedition. The expedition was scheduled for July 12…
Occidental Petroleum Corp. of Qatar (Oxy Qatar), and Qatar Petroleum signed a deal on the Phase 5 field development plan (FDP) regarding the Idd El Shargi North Dome (ISND) offshore Qatar. Both companies plan to maintain the field’s output of about 100…
QGOG Constellation S.A. announced that Queiroz Galvão Óleo e Gás S.A. (QGOG), together with its partners, signed contracts valued at US $3.5 billion for the 20-year charter and operation of two FPSOs, Cidade de Maricá and Cidade de Saquarema…
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…
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