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August 2014

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US DOI yields $110m in bids on 400,000 acres lease-sale in Western Gulf of Mexico
21 August 2014 The US Department of the Interior (DOI) has announced that the Western Gulf of Mexico lease-sale has yielded almost $110m in high bids on more than 400,000 acres offshore Texas,...

Brent crude oil declines towards $101 on ample supplies
21 August 2014 Brent crude oil declined towards $101 a barrel today on signs of ample supplies and slowing demand in...

Bumi Armada to supply FPSO vessel for Eni’s offshore Angola project
21 August 2014 Bumi Armada has secured a contract to supply a floating production, storage and offloading (FPSO) vessel for Eni's East Hub project at Block 15/06 offshore...

Statoil opens Gudrun platform on Norwegian Continental Shelf
20 August 2014 Statoil has opened its first platform on the Norwegian Continental Shelf (NCS) since...

Brent crude oil bounces off 14-month low
20 August 2014 Brent crude oil has bounced off a 14-month low to reach close to $102 a barrel amid ample supplies despite violence in Iraq and...

Wood Group Intetech develops new software platform for well component reliability
20 August 2014 Wood Group Intetech has built a new software platform to analyse global well component reliability...

Rosneft, Statoil begin Barents Sea exploration drilling in Norway
19 August 2014 Rosneft and Statoil have jointly started exploration drilling at the Pingvin Licence PL713 prospect in the Norwegian region of the Barents...

Oil trades below $103 as Libya increases output
18 August 2014 Brent crude declined below $103 a barrel today following the latest developments in Ukraine, Libya and...

US BOEM issues ANPR on changes to offshore oil and gas regulations
18 August 2014 The US Bureau of Ocean Energy Management (BOEM) has issued an Advanced Notice of Proposed Rulemaking (ANPR) on changes to its offshore oil and gas...

Noble Energy’s Bright exploration well in deepwater Gulf of Mexico plugged
18 August 2014 Noble Energy has said that the BP-operated Bright exploration well in the deepwater Gulf of Mexico did not encounter any hydrocarbons after reaching the targeted Upper and Middle Miocene...

Statoil wins approval to use Transocean Spitsbergen drilling rig in Barents Sea
15 August 2014 Statoil has secured approval from the Petroleum Safety Authority of Norway to use the Transocean Spitsbergen semi-submersible drilling rig in the Barents...

Brent crude oil remains near 13-month low
15 August 2014 Brent crude oil remains near a 13-month low today, below $103 a barrel, amid ample supplies and concerns about a shaky European Union (EU) economic...

BP Trinidad and Tobago receives approval for Juniper offshore gas project
15 August 2014 BP Trinidad and Tobago (BPTT) has secured approval to develop the Juniper offshore gas...

Petrobras confirms subsalt oil discovery in offshore Jupiter area
14 August 2014 Brazil's state-controlled oil producer Petrobras has reported a subsalt oil discovery in the fourth well drilled in the Jupiter area in the Santos Basin pre-salt block...

Oil declines below $104 amid ample supplies
14 August 2014 Brent crude declined below $104 a barrel on Thursday amid ample supplies despite the current situation in Ukraine and Iraq, and concerns over weak...

Kongsberg to support Statoil’s Johan Castberg project
14 August 2014 Kongsberg Oil & Gas Technologies has secured a contract to carry out an extended concept study and pre-front end engineering design (FEED) for Statoil's Johan Castberg project in the Barents...

Lundin Petroleum to acquire interest in PL674 licence, offshore Norway
13 August 2014 Lundin Petroleum, through its subsidiary Lundin Norway, has signed agreements to acquire a 35% interest in the PL674...

Brent oil declines further on strong supplies
13 August 2014 Brent crude oil declined towards $102 a barrel on Wednesday amid strong supplies, despite violence in Iraq and...

Marathon Oil signs EPSC for offshore Gabon block
13 August 2014 Marathon Oil has signed an exploration and production sharing contract (EPSC) for Block G13, located in the deepwater, pre-salt play offshore Gabon, Central...

Brent drops below $104 amid stable supplies
12 August 2014 Brent crude declined below $104 a barrel today, hitting a nine-month low despite the latest developments in...

Woodside acquires stake in offshore Gabon project
12 August 2014 Australian energy firm Woodside has acquired a 40% participating interest in an exploration, exploitation and production sharing contract (EEPSC) for Block F15 in the Gabon Coastal Basin....


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