The Government of AbuDhabi has extended the concession for the Upper Zakum oil field,offshore Abu Dhabi, United Arab Emirates (UAE) to 2041. The extension adds more than 15 years to the previous term. Upper Zakum is being jointly developed by Abu Dhabi National Oil Company (ADNOC)…
Chinese oil firm CNOOC says it is planning to invest RMB 105 billion (US$17.35 billion) to 120 billion ($19.82 billion) on projects during 2014. Nexen Inc, bought by CNOOC in early 2013, will account for about 19% of the spending. Overall…
Gazpromneft Sakhalin says it has started work preparing to drill an appraisal well in the Pechora Sea. The firm, a subsidiary of Gazprom Neft and project operator for the exploration and development of Dolginskoye field, on the arctic shelf of the Pechora Sea…
Cairn Energy has outlined a nine-well exploration program for 2014, with a strong focus on the Atlantic margin. Four of the five Atlantic margin wells will be operated by Cairn, including the JM-I exploration well, in the Juby Maritime III block…
WGPSN has secured a five year contract extension to provide operations, maintenance and construction management services for asset facilities in central Africa, in a deal worth more than $140 million. The contract employs about 580 people…
Downhole-video technology company EV opened a new base in Australia. The company’s new Australian base, located in Perth, was established to aid local operations and provide a regional presence for projects in the area. Features of the…
Houston-based Enventure set a record for the longest 5.5in. SET solid expandable CHL liner. The liner was installed with zero recordable safety incidents for an operator in the Middle East. The installation was performed in a power-water injector well to repair a corroded 7in…
Shell agreed to sell its stakes in the Chevron-led Wheatstone-Iago joint venture and the Wheatstone LNG project off Western Australia. The company sold its 8% equity interest in the Wheatstone-Iago JV and its 6.4% interest in the Wheatstone…
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…
Statoil ended a joint license agreement with Bahamas Petroleum. Bahamas Petroleum says Statoil is dropping its involvement in the agreement following its exploration successes elsewhere and a subsequent review of its global portfolio…
London-listed oil and gas industry service provider Petrofac has placed the first long-lead orders for its new in-house-designed deepwater derrick lay vessel, to be built at the Shanghai Zhenhua Heavy Industry Co., Ltd (ZPMC) yard in China…
Denmark-based MacArtney Underwater Technology Group projects record-breaking growth within its North American markets for underwater technology. This marks a key contribution to the overall strategic ambition of the MacArtney Group to double turnover between 2010 and 2015…
Petrobras awarded a US$24 million contract to Prysmian Group for downhole technology (DHT) systems. The DHT systems for offshore oil and gas extraction application will be delivered in July 2014, and will be manufactured in the Prymian Group’s facilities in Bridgewater…
Technip Norge AS has awarded Kvaerner a sub-contract for the fjord base and support services related to the upending and make-ready for mating operations of the substructure for the Aasta Hansteen spar platform (pictured at right). Kvaerner's…
Singapore-based Ezra Holdings has said it is considering listing its subsea services division EMAS AMC in the US and has appointed J.P. Morgan Ltd. as an advisor. Ezra said it was looking at strategic options, to increase its international profile and position of EMAS AMC…
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