The government of Gabon has extended the deadline to submit bids for the country's 11th Licensing Round to 29 April 2016. Gabon is calling for international participation in the licensing round which will focus on five blocks, E-12, F-12…
The NG-3500X is the latest design in GustoMSC’s series of self-propelled jack-up designs – the NG series. Based on the NG-2500X and NG-1800X designs, the NG-3500X comes in two distinct versions for accommodation, services and well intervention…
Petrobras has awarded Seadrill an 18-month contract extension for the West Tellus drillship offshore Brazil, commencing in April 2018, and securing work for the unit through the end of October 2019. The total backlog for the contract extension is approximately US$164 million…
IHS and Markit has announced the signing of a definitive agreement under which the companies will combine in an all-share merger of equals. Based on the closing prices of IHS and Markit common stock on 18 March 2016, the implied equity value of the transaction is more than US$13 billion…
Aberdeen-based well intervention specialist READ Cased Hole launched its latest logging technology, ZeroTime, at the 2016 SPE ICoTA Coiled Tubing and Well Intervention Conference and Exhibition in Houston. As a logging while working solution…
France’s Total and China’s China National Petroleum Co. (CNPC) signed a strategic cooperation agreement to extend the two companies’ existing collaboration. The agreement was signed on 20 March between Patrick Pouyanné, chairman and CEO of Total…
Aquatic Engineering & Construction has expanded its team based in Houston. Bob Terrell joined Aquatic last month as regional manager, while Andrew Blaquiere has moved permanently from the Acteon group to Aquatic as proposals and project engineer…
Asset integrity specialist Wood Group Intetech (WGI) is growing its team with new technical staff in Malaysia in response to heightened demand for its services, the company said. Though known for its software solutions, the demand for WGI’s materials selection…
Amid Petróleo Brasileiro’s (Petrobras) largest net quarterly loss in its history of US$10.2 billion (36.9 billion BRL), the Brazilian giant also confirmed its biggest oil column discovery at its Libra field. Petrobras headquarters…
Premier Oil anticipates to spud the Bagpuss well on 7 July, located in the UKCS Block 13/24c on the Halibut Horst, in the UK North Sea, according to partner North Sea Energy. An option has been exercised for the Ocean Valiant semisubmersible rig to drill the well…
Dana Petroleum awarded Fugro to supply ROV drilling support services on board the Ocean Guardian MODU at the Dana-operated Western Isles developments in the northern North Sea. Operating one of its fleet of FCV 600 ROVs, specifically designed for North Sea drill support activities…
The organizers of SPE Offshore Europe have announced the chairman for the 2017 edition of the biennial event – and she says now is the time for the industry to reinvent itself. Catherine MacGregor (pictured, right), President Europe & Africa…
Lundin Petroleum has announced that it has entered into a committed short term revolving credit facility (RCF) of US$300 million and received additional commitments of $135 million under the reserve-based lending (RBL) facility accordion…
The European Union (EU) is delaying Halliburton’s US$34.6 billion pending takeover of Baker Hughes once again, after not receiving key data about the deal, the European Commission (EC) said in a statement. Image from Halliburton…
Douglas Westwood (DW) has revised its outlook considerably for West Africa’s deepwater prospects by 44% amid project delays and cancelations. A year ago, DW said that exploration and production (E&P) companies within West Africa were…
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