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…
Norway-based multi-client seismic services firm Spectrum is to acquire 2D seismic offshore Croatia ahead of the country’s latest licensing round. Spectrum will acquire the seismic data using Cyprus-based Seabird Exploration. Seabird will acquire about 12…
Trans Adriatic Pipeline AG (TAP) announced today that BP Plc, Azeri SOCAR, France's Total SA, and Belgian Fluxys—members of the international consortium developing the giant Shah Deniz field in Azerbaijan—have exercised their option to join the Trans Adriatic Pipeline AG (TAP)…
SapuraKencana Petroleum Berhad’s wholly-owned subsidiary, Kencana HL Sdn Bhd was awarded a three-year US $180 million contract from Trans Thai-Malaysia Sdn Bhd (TTM) to provide engineering, procurement, construction, installation, and commissioning…
Independent explorer Northern Petroleum has revealed well data from Italy’s ENI has given it extra confidence in its southern Adriatic Sea Cygnus prospect. Richard Latham, chairman of Northern Petroleum, said the newly available well…
Petroceltic's wholly owned subsidiary, Petroceltic Italia Srl, has been awarded the exploration permit 'B.R272.EL' in the Central Adriatic offshore Italy (formerly application block d.507).The award of the B.R272.EL permit is a significant step…
Last year, Turkey approved construction of the South Stream pipeline through its territory, which will bring Russian gas across the southern Black Sea and into Europe. Construction should be completed in 2015, with the offshore component costing US$13 billion…
BP named Janet Weiss Regional President of its Alaskan branch, effective 15 February 2013.Janet Weiss (Photo: BP)Weiss succeeded John Mingé, who now serves as Chairman and President of BP America Inc. after heading up BP’s Alaska business since January 1…
Alaska president John Minge earns BP top spotJohn Minge, BP America Chairman & PresidentJohn Mingé has been appointed Chairman and President of BP America, Inc. and will serve as BP’s chief representative in the United States. He will succeed Lamar McKay…
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has shut down the Imo River Trunkline in its Eastern operations after it found several crude theft points on the facility. Production of some 25,000 barrels of oil per day is deferred…
SPDC, a subsidiary of Royal Dutch Shell, has completed a sale of its 30% interest in Oil Mining Lease 30 (OML 30) in the Niger Delta to Shoreline Natural Resources Limited for $567 million.The company said the divestment is part of a plan to reshape SPDC's onshore portfolio…
The land-locked Caspian Sea returned to offshore industry centre-stage last month with BP’s confirmation that front end engineering and design had begun for stage two of the huge Shah Deniz gas field development. Terry Knott reports.The Shah Deniz consortium…
In the past decade, the oil & gas industry has been effective in finding new resources, but much less successful in bringing new supplies onstream. That was the verdict of Eni E&P executive vice president Antonio Vella, addressing this year's Offshore Mediterranean Conference in Ravenna…
Recent events in North Africa provide a stormy backcloth to the Offshore Mediterranean Conference (OMC) in Ravenna 23-25 March, but the region nonetheless remains a highly prospective one for the offshore sector especially with Noble beginning to unlock the treasures of the Levantine Basin…
LNG business took a hit last year as the economic downturn put the brakes on global natural gas demand just as US shale gas output started to surge. Infield Systems’ Peter Kiernan reviews the changing gas market fundamentals and assesses the…
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