Benchmark Brent crude plunged to a four-year low, below US$73 a barrel, yesterday (27 November) after oil cartel OPEC chose to leave its 30MMbbl/d output target unchanged at its latest meeting in Vienna. The move, led by Saudi Arabia…
Petroleum Geo-Services (PGS) will relocate its regional headquarters from Singapore to Kuala Lumpur, Malaysia, next July as part of the company's plan to restructure its Asia Pacific business. 'Kuala Lumpur is the hub of the vibrant…
Mumbai-based Essar Oil Ltd. announced the appointment of Manish Maheshwari as the new chief executive officer of the company’s exploration and production business. New CEO Manish Maheshwari. Photo from Essar…
Russia's Gazprom Neft and state-owned PetroVietnam have begun exclusive talks to potentially cooperate in the development of the Dolginskoye field, located about 75km off the Russian coast in the Pechora Sea. Gazprom Neft said in a statement…
Solstad Offshore ASA’s (SOFF) derrick lay barge Norce Endeavor will be operating for Chevron Thailand E&P Ltd.’s 2015 offshore campaign, off Thailand. Upon the terms of the contract, the Norce Endeavour will install multiple new wellhead platforms…
China National Offshore Oil Co. (CNOOC) has begun production from the Huizhou 25-8 oilfield and Xijiang 24-3 oilfield in the South China Sea, known as the Xijiang 24-1 District joint development project. Xijiang 24-3 facility…
Salamander Energy and Ophir Energy have agreed the proposed terms of a deal which would see Ophir takeover Salamander. The two companies say that the move had “compelling strategic logic,” including a strong balance sheet, enhanced operating…
Dr. Helmut Sohmen has announced his retirement, effective 20 November 2014, as Chairman of the Board of BW Offshore Ltd., which owns and operates floating production systems worldwide. He has served as Chair since 2005. Andreas Sohmen…
Shell and Petronas Carigali and moving forward in the E6 field development offshore Sarawak, Malaysia after making a final investment decision (FID). Shell's Malaysian offshore platform. From Shell. E6…
The Caribbean floating liquefaction and storage (FLNG) facility undocked from the Wison Offshore & Marine dry dock in Nantong, China. Wison Offshore & Marine dry dock. From Wison. Wison…
CNOOC Ltd. encountered a new mid-sized discovery at the Lufeng14-4 structure in the eastern South China Sea. Pearl River Mouth basin activity. From CNOOC. Lufeng14-4 is located in Lufeng…
Allseas’ 382m-long, 124m-wide platform installation/decommissioning and pipelay mega-vessel Pieter Schelte is on its way to Europe after leaving Daewoo’s Okpo shipyard in South Korea 17 November. The Pieter Schelte will make short stops…
The Russian National Committee for United Nations Environment Programme (UNEPCOM) endorsed Rosneft and the Russian Geographical Society's initiative to continue its Arctic research program. This program will help define the principles of economic activity regulations in the region…
Eni and the Turkmen State Agency for Management and Use of Hydrocarbon Resources have signed a memorandum for the possibility of extending Eni's current activities in Turkmenistan to the country's offshore sector in the Caspian Sea. Eni's…
Lundin Petroleum’s Kitabu-1 exploration well, in Blocks SB307/SB30, offshore Sabah, Malaysia, came up dry, the Swedish independent announced on 18 November. Lundin said that the primary reservoir interval contained poor quality siltstone…
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