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Archive of industry news from the global offshore industry

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April 2014

Top

CSA unveils new application for offshore industry
17 April 2014 CSA Ocean Sciences (CSA) has built and hosted a login-based GeoPortal, which is part of its 'marine environmental services for spill...

Today’s oil prices rise on mounting Ukraine tensions
17 April 2014 Crude futures rose today due to mounting tensions in Ukraine, which kept the geopolitical risk premium on the commodity...

Saipem wins $4bn FPSO contracts from Total in Angola
17 April 2014 Italian oil and gas industry contractor Saipem has secured contracts for a combined total of more than $4bn in Angola from French oil firm...

Oceana reports increase in opposition to controversial seismic airgun use along East Coast
16 April 2014 International advocacy group Oceana has reported an increase in opposition to controversial seismic airgun use along the East Coast, with the joining of 110 local elected officials and...

Today’s Brent value drops due to sluggish Chinese GDP growth
16 April 2014 Brent futures dropped today due to sluggish Chinese economic growth, which dampened energy use in the world's second largest economy and oil...

FoundOcean wins contracts from Heerema and Bibby Offshore
16 April 2014 Offshore grouting contractor FoundOcean has received two contracts from Heerema Marine Contractors and Bibby Offshore for the Solan oil field development to the west of the Shetlands in the North...

Aquaterra Energy forecasts rise in demand for offshore rental equipment
15 April 2014 UK-based offshore engineering solutions provider Aquaterra Energy has forecasted an increase in demand for offshore rental equipment in the oil and gas market as confidence in the economy...

Today’s oil prices drop on hopes of resolution to Ukraine crisis
15 April 2014 Oil futures dropped today over investor expectations that a forthcoming meeting in Geneva could possibly resolve the current crisis situation in...

Drydocks to build two jack-up drilling rigs for Malta Oil
15 April 2014 Drydocks World is set to build two new jack-up drilling rigs for Malta Oil & Gas as part of an...

Total to develop offshore Kaombo project in Angola
14 April 2014 Total and its joint venture partners have decided to develop Angola’s ultra-deep offshore Kaombo project, whose capital expenditure to reach full capacity was reduced by $4bn to...

Oil prices increase over Ukrainian conflict
14 April 2014 Oil prices increased today after worsening geopolitical tensions over Ukraine fuelled investor concerns that the situation could lead to military confrontation with Russia and disrupt...

Shell postpones Norwegian subsea gas project
14 April 2014 Royal Dutch Shell has announced the postponement of a Norwegian subsea gas project because of increasing costs and...

AWE wins exploration permit offshore Western Australia
11 April 2014 AWE has secured a new exploration permit offshore Western Australia as part of the Australia 2013 Offshore Petroleum Exploration Acreage...

TDW re-routes offshore gas pipeline without supply interruption in Indonesia
11 April 2014 TD Williamson (TDW) has prevented a major gas supply interruption for residents and businesses in Jakarta, where it carried out a complex subsea pipeline pressure intervention offshore...

Today’s oil prices fell amid Libyan oil supply increase
11 April 2014 Oil futures dropped today amid expectations that oil supply from Libya could increase; however, prices were supported by the growing tension between the West and Russia over...

Petrofac reopens Scottish fire and emergency response training centre
10 April 2014 Petrofac Training Services has reopened its Montrose fire and emergency response training facility in Scotland, following a £1.5m investment for...

AGR wins NCS contract
10 April 2014 Premier Oil has selected AGR to provide well management and well planning services for exploration drilling and field developments within the Norwegian Continental Shelf...

Oil prices slump following drop in China crude imports
10 April 2014 Oil prices have fallen as China's March crude oil imports dropped to a five-month low, sparking concerns about weak demand for...

Today’s oil prices slide as US crude inventories rise
10 April 2014 Oil prices dropped today as the US industry data showed that crude inventories in the world's largest oil consumer rose nearly six times, which created demand...

Oil prices slide as US crude inventories rise
09 April 2014 Oil prices dropped today as US industry data showed that crude inventories in the world's largest oil consumer rose by nearly six times, which created demand...

Rolls-Royce to invest in Brazilian marine facility
09 April 2014 Rolls-Royce has announced plans to further invest in a new marine facility in Rio de Janeiro state to support customers in the expanding offshore oil and gas...

Kashagan offshore oil field may fail to resume production in 2014
09 April 2014 Kazakhstan's offshore oil field Kashagan may not restart production in 2014 if test results reveal cracks in the offshore part of its pipeline network, according to Kazakh Oil and Gas...

Oil prices rise with increased tension in Ukraine
08 April 2014 Oil prices increased today following the eruption of fresh tensions between Russia and the West over Ukraine....

Statoil’s Gudrun oil and gas field begins production in North Sea
08 April 2014 The Gudrun oil and gas field, operated by Statoil on the Norwegian shelf in the North Sea, has come on...

Alfa Laval to acquire Norwegian offshore pumping group for $2.17bn
08 April 2014 Swedish engineering group Alfa Laval has signed an agreement to acquire Norwegian marine and offshore pumping group Frank Mohn for NOK13bn...

Statoil to farm down 15% interest in block 39 offshore Angola
07 April 2014 Statoil has signed an agreement to farm down a 15% interest to WRG Angola in block 39 offshore Angola, located in the Kwanza pre-salt basin, in a 50/50 joint venture comprising White Rose...

Rosneft, ExxonMobil commence aerial gravity-magnetic surveys of Russian offshore blocks
07 April 2014 Rosneft and its US partner ExxonMobil have commenced aerial gravity-magnetic surveys of Russian offshore blocks at the Yuzhno-Chukotsky licence area in the Eastern Arctic to establish...

Oil prices drop as Libyan rebels agree to reopen occupied ports
07 April 2014 Oil prices dropped today after Libyan rebels occupying four eastern oil ports agreed with the government to gradually end the eight-month old blockade, which could clear way for release of...

US Coast Guard blames Shell’s inefficacy for drillship grounding
04 April 2014 A new report released by the US Coast Guard has blamed Royal Dutch Shell and its contractors for ignoring the dangers of a towing mission that left a drillship grounded off Sitkalidak Island in...

Hitachi delivers centrifugal compressors for Petrobras’ FPSO
04 April 2014 Japanese engineering and electronics company Hitachi has delivered six sets of centrifugal compressors for Petroleo Brasileiro’s (Petrobras) floating production, storage and offloading...

Oil prices rise as investors unsure of Libyan ports reopening
04 April 2014 Oil prices increased today, as investors suspected reports of Libyan ports reopening to be proved false, which signaled crude oil supply...

Tullow Oil to receive metocean support from BMT
03 April 2014 Tullow Oil is set to receive metocean assessments form BMT Argoss, a subsidiary of BMT...

ZADCO awards $175m oil and gas project to ABB
03 April 2014 UAE-based Zakum Development Company (ZADCO) has awarded a $175m contract to power and automation technology group ABB to upgrade the power generation capacity at its Zirku oil and gas...

Today’s oil prices drop as Libya set to open oil ports
03 April 2014 Oil prices dropped today after a Libyan Government spokesman said that an agreement with rebels to reopen key oil ports could be finalised in two to three days, which could release 600,000bpd...

DNV establishes subsea joint industry project
02 April 2014 DNV GL has set up a joint industry project (JIP) in a bid to develop practical methods to minimise the risks and lifetime cost of steel wire ropes for subsea lifting applications....

Today’s oil prices fall as Libyan rebels agree to end oil port blockade
02 April 2014 Oil prices dropped today after a rebel group in eastern Libya agreed with the government to lift the seizure of vital oil ports within days, which weighed on crude...

Bumi Armada wins $2.9bn FPSO contract from Eni for block 15/06 in Angola
02 April 2014 Malaysian offshore oilfield services provider Bumi Armada has received a letter of intent (LoI) from Italian oil and gas company Eni, stating its intention to award a $2.9bn contract to provide...

PD&MS and Harlen to invest in new rig repair and subsea fabrication facility
01 April 2014 Engineering company PD&MS Energy and fabrication and engineering firm Harlen Fabrication are set to invest £2.5m into a new rig repair and subsea fabrication facility in a Scottish...

Seatronics purchases M3 sonar system from Kongsberg Mesotech
01 April 2014 UK-based global electronic subsea equipment supplier Seatronics has expanded its Asia Pacific rental fleet with the purchase of a new M3 sonar system from Kongsberg Mesotech....

Oil prices drop after weak Chinese manufacturing data
01 April 2014 Oil prices dropped today after weak Chinese manufacturing data sparked concerns that the world's second-largest economy slowed more than expected in the first quarter, clouding crude...

March 2014

Top

Nexans to install DEH cable systems at BP’s Shah Deniz field
31 March 2014 Nexans has signed a contract worth €100m with BP to install direct electrical heating (DEH) cable systems at BP’s Shah Deniz field, located in the Azerbaijan sector of the Caspian Sea....

Lundin completes Johan Sverdrup appraisal wells drilling
31 March 2014 Swedish oil and gas exploration and production company Lundin Petroleum has successfully completed drilling of the Johan Sverdrup appraisal wells 16/3-8 S and 16/3-8 S T2 in the eastern part of...

Oil prices drop following rise in supply from Iraq
31 March 2014 Oil prices dropped today as Iraq's giant West Qurna-2 field commenced production, weighing on crude prices due to oversupply...

Myanmar awards 20 offshore exploration tenders
28 March 2014 Myanmar has awarded tenders to explore for oil and gas in its 20 offshore blocks to international energy companies, including Royal Dutch Shell, ConocoPhillips and Total...

First Subsea to supply pipeline recovery tool for Ichthys LNG project in Australia
28 March 2014 Saipem Portugal Comercio Maritomo Sociedade Unipresso has awarded a contract to First Subsea for supplying a 42in pipeline recovery tool (PRT) for the gas export pipeline on the Ichthys LNG...

Oil prices rise following strong US economic data
28 March 2014 Oil prices increased today after US data showed initial jobless claims dropped to their lowest level in the fourth-quarter, and the country’s economic growth was slightly faster than...

Statoil wins deep-water exploration block in Myanmar
28 March 2014 Statoil, together with its partner ConocoPhillips, has secured a deep-water exploration block in the Myanmar waters of the Bay of Bengal....

MOL acquires North Sea assets from Wintershall for $375m
27 March 2014 Hungary-based oil and gas company MOL has closed its previously announced deal with German BASF Group member Wintershall and acquired offshore assets with 14 licenses in the North Sea for $375m....

Oil prices increase as Obama hints at tougher sanctions against Russia
27 March 2014 Oil prices increased today as US President Barack Obama hinted towards stringent sanctions against Russia, making oil traders cautious....

Repsol and Indra jointly develop early warning detection system for offshore operations
27 March 2014 Global energy company Repsol and consultancy and technology company Indra have jointly developed a new early warning system designed to detect leaks, enabling the energy industry to maximise...

Today’s oil prices rise following Nigeria and Libya supply disruption
26 March 2014 Oil prices rose today over supply disruption in Nigeria and Libya, which supported crude prices....

Zhejiang Huaxiang purchases Wärtsilä RT-flex50DF engine for LNG carrier vessel
26 March 2014 Chinese ship owner and operator Zhejiang Huaxiang Shipping has purchased a five-cylinder Wärtsilä RT-flex50DF engine, together with the gas valve unit and other relevant equipment for its...

Plexus wins contract from Centrica to supply wellhead and mudline equipment services
26 March 2014 Oil and gas engineering and services business Plexus has secured an additional purchase order (PO) from Centrica to supply surface wellhead and mudline equipment services for a gas appraisal...

Kongsberg to provide new simulators and upgrades to Simsea training centre in Norway
25 March 2014 Kongsberg Maritime has been selected by the Simsea maritime training centre in Haugesund, Norway, to provide new simulators and upgrades to existing simulators, so as to support the extension...

Santos commences gas production from Peluang project in Indonesia
25 March 2014 Australian oil and gas company Santos has commenced natural gas production from the Peluang gas project located offshore East Java in...

Oil prices drop following US weak manufacturing activity
25 March 2014 Oil prices fell today as a survey showed that US manufacturing activity has slowed in March, weighing on crude prices over demand concerns....

BP opens FTCC’s offshore training facility in Louisiana, US
24 March 2014 BP has announced the opening of the new Integrated Production Technologies (IPT) offshore training building in Louisiana near the company’s Houma Operations Learning Center...

Oil prices fall following weak Chinese manufacturing data
24 March 2014 Oil prices fell today as China's purchasing managers' index (PMI) for the manufacturing sector dropped to an eight-month low in March, weighing on crude prices over demand...

Subsea 7 wins $110m contract from Shell for BC-10 project in Brazil
24 March 2014 Subsea 7 has been awarded a contract valued around $110m by Shell for the installation of jumpers, umbilicals and associated subsea structures for the BC-10 phase 3...

Shell bids for four blocks to expand Gulf of Mexico portfolio
21 March 2014 Anglo-Dutch oil firm Shell has announced that the company is the high bidder on four blocks during the US Bureau of Ocean Energy Management (BOEM) lease sale...

Oil prices fall as strong US dollar makes commodities dearer
21 March 2014 Oil prices fell today as the US dollar strengthened with US Federal Reserve (Fed) chair Janet Yellen's suggestion that the first increase in interest rates could come in the first half of 2015....

Ukraine’s offshore natural gas reserves development to hang in limbo
21 March 2014 The large natural gas reserves development offshore Ukraine could hang in limbo after the Crimea peninsula returned to Russia’s rule, according to...

Gondwana to negotiate on Ghana offshore block
20 March 2014 Ghana's Ministry of Energy and Petroleum has invited Miura Petroleum, a 70%-owned subsidiary of Gondwana Oil, to negotiate exclusively on the 1,600km² Offshore Cape Three Points South...

Wärtsilä to deliver VIEC systems for three North Sea oilfields
20 March 2014 Lifecycle power solutions provider Wärtsilä will deliver its Vessel Internal Electrostatic Coalescer (VIEC) systems for three North Sea oilfields, as part of contracts signed with Norway-based...

Oil prices rise on speculation Fed could hike interest rates sooner
20 March 2014 Oil prices rose today on speculation that the US Federal Reserve (Fed) could raise interest rates sooner and faster than previously thought, which indicated economic strength in the world's top...

Oil prices drop as concerns over Ukraine ease
19 March 2014 Oil prices fell today with easing of concerns about possible escalation of the crisis in Ukraine, which allayed fear over Russian oil supplies....

Marubeni to participate in Uruguay’s offshore LNG receiving terminal
19 March 2014 Japanese trading company Marubeni has reached an agreement with France-based GDF to participate in Uruguay’s offshore LNG receiving terminal project for providing the LNG receiving, storage...

Chariot secures stake in Mohammedia Reconnaissance licence, Morocco
19 March 2014 Chariot Oil & Gas Investments (Morocco), a wholly-owned subsidiary of Chariot Oil & Gas, has secured a 75% interest and operatorship of the Mohammedia Reconnaissance licence offshore...

Petrobras selects Kongsberg technology for pipelaying newbuilds
18 March 2014 Kongsberg Maritime is set to deliver substantial technology packages for ten new pipelaying vessels for Brazil-based Petrobras....

Brent value rises over Russian supply interruption fear
18 March 2014 Brent futures rose slightly today as continued tensions between Russia and the West over Crimea threatened to interrupt Russian oil...

Cairn confirms heavy oil from JM-1 offshore well in Morocco
18 March 2014 Scottish oil and gas exploration and production company Cairn Energy has confirmed heavy oil from its Juby Maritime-1 (JM-1) well offshore...

McDermott secures emergency pipeline repair job contract for offshore UAE
17 March 2014 McDermott International has secured an emergency pipeline repair job contract for offshore...

BP receives clearance to enter into new contracts with US
17 March 2014 The US Government has lifted a ban on British oil firm BP that blocked it from bidding for government contracts, after it agreed to a set of safety, operations and compliance...

Brent falls below $108 as Crimea seeks unification with Russia
17 March 2014 Brent crude fell below $108 a barrel today amid developments within Ukraine, which saw its Crimea region voting overwhelmingly to unite with...

North Sea helicopter crash might have been prevented, inquiry reveals
14 March 2014 A fatal accident inquiry has found that the North Sea helicopter crash, which claimed the lives of 14 oil workers and two crew, might have been...

Today’s Brent value rises over supply fears
14 March 2014 Brent futures rose today over investors’ concerns that increasing tensions in Ukraine could disrupt oil supplies from Russia, the world’s biggest oil...

Nordic Maritime wins offshore seismic contract from Cairn India
14 March 2014 Singapore-based Nordic Maritime has received a contract from Cairn India to provide 3D marine seismic data acquisition and processing services off the coast of Andhra Pradesh, India, starting...

Kongsberg develops new training courses for offshore industry
13 March 2014 Norwegian technology company Kongsberg Maritime has developed new training courses for offshore surveyors and survey...

Tracerco wins subsea technology award
13 March 2014 Johnson Matthey’s Tracerco has received the Subsea Technology Award at the 2014 Pipeline Industries Guild Awards for its breakthrough technology ‘Discovery’, which was designed for inspection...

Oil prices rise as OPEC predicts stronger demand outlook
13 March 2014 Oil prices rose today as OPEC raised its 2014 global oil demand growth forecast for a second consecutive...

Today’s oil prices fall following rise in US crude stocks
12 March 2014 Oil prices fell today as last week's US crude inventories rose by 2.6 million barrels, which raised concerns over the growth of oil...

Harris introduces new VSAT technology for offshore and deepwater customers
12 March 2014 Global information technology company Harris CapRock Communications has introduced a new VSAT solution for offshore and deepwater...

PGS and WesternGeco win contracts to conduct seismic survey on Barents Sea
12 March 2014 Statoil has awarded contracts to Norwegian seismic survey firm Petroleum Geo-Services (PGS) and Schlumberger's WesternGeco seismic unit to conduct seismic surveys in the Norwegian sector of...

Today’s oil prices slip following weak Chinese economic data
11 March 2014 Oil prices slipped today due to weak Chinese economic data and improvement of weather patterns in North...

ABB to integrate telecommunication systems for Statoil’s offshore projects
11 March 2014 Power and automation technology group ABB will integrate internal and external telecommunication systems for three Statoil projects on the Norwegian Continental...

AGR drills 500th well
11 March 2014 Global oil and gas service company AGR has announced a new achievement, with the drilling of its 500th well, representing an average of one new drilling project started every ten days since...

Oil prices drop as China's February exports tumble
10 March 2014 Oil prices dropped today as China's exports tumbled unexpectedly in February, swinging the trade balance into deficit and raising concern among investors of a slowdown in the world's...

Mermaid Marine secures Inpex contract
10 March 2014 Mermaid Marine Australia (MMA) has been awarded a contract from Inpex Operations Australia (Inpex) for two platform supply vessels (PSVs) for long-term production support...

Vallourec to supply premium pipes for Total’s offshore project
10 March 2014 Total has awarded a contract worth $100m to tubular solutions provider Vallourec for the supply of premium pipes with VAM 21 connections for the offshore ML-South...

Today’s oil prices rise amid deteriorating Russia-Ukraine relations
07 March 2014 Oil prices rose today over supply fears as diplomatic relations between Ukraine and Russia...

Glacier Energy acquires Professional Testing Services
07 March 2014 Glacier Energy Services has announced the acquisition of Singapore-based non-destructive testing (NDT) and inspection services provider Professional Testing Services (PTS), for an undisclosed...

Technip to manage Eni Muara Bakau’s Jangkrik project in Indonesia
07 March 2014 Eni Muara Bakau has awarded a subsea contract to Technip for the Jangkrik project located in the Muara Bakau PSC working...

Maersk introduces two offshore emergency training courses
06 March 2014 UK-based Maersk Training has introduced two new offshore emergency courses, which will be delivered using a newly built helicopter simulator and...

Brent steadies over easing Ukraine conflict and weak demand
06 March 2014 Brent futures steadied today as investors were encouraged by the news of easing geopolitical risk over the crisis in Ukraine, accompanied by weaker oil demand from the US, the world’s largest...

Petrel wins exploration licences in Irish Atlantic Porcupine basin
06 March 2014 Petrel Resources has been awarded frontier exploration licences 3/14 and 4/14 in the Irish Atlantic's Porcupine basin by the Department of Communications, Energy and Natural...

DECC recommends NCIMB’s toxicity tests
05 March 2014 The Department of Energy and Climate Change (DECC) has approved Aberdeen-based microbiology and chemical analysis company NCIMB’s toxicity tests as the preferred method of offshore...

Keppel to build $500m jackup rig for TS Offshore
05 March 2014 Keppel Offshore & Marine’s wholly owned subsidiary Keppel FELS will build a jackup rig worth approximately $500m for TS...

Today’s Brent drops as Russia-Ukraine war fears ease
05 March 2014 Brent value dropped today after Russian President Vladimir Putin called back troops deployed near the Ukraine border, easing fears of war between the two...

Crowley delivers offshore production facility to Gulf of Mexico
04 March 2014 Crowley Maritime’s ocean-class tugs and high-deck-strength barges have delivered equipment for a deepwater oil rig located 280 miles south of New Orleans, Louisiana, in the Gulf of...

Statoil and ExxonMobil announce Tanzania block 2 drill stem test results
04 March 2014 Statoil and co-venturer ExxonMobil have announced that the Zafarani-2 operation tested two separate intervals and flowed at a maximum of 66 million standard cubic feet of gas per day, as part of...

Today’s oil prices plunge over abating Ukrainian crisis
04 March 2014 Oil prices plunged today after Russian President Vladimir Putin recalled the troops that have occupied much of Ukraine's autonomous Crimea region during the weekend. However, there was...

Swissco to acquire Scott and English Energy
03 March 2014 Singapore offshore services provider Swissco has announced the proposed acquisition of Scott and English Energy, a wholly owned subsidiary of Double Dragon Energy, in a bid to venture into...

Oil prices increase due to rising tension between Ukraine and Russia
03 March 2014 Oil prices rose drastically today with growing tension in Ukraine threatening to disrupt supplies in...

BOEM reveals final environmental study for oil and gas exploration in Atlantic Ocean
03 March 2014 The Bureau of Ocean Energy Management (BOEM) has revealed a final environmental review of geological and geophysical (G&G) survey activities on the effects of geological and geophysical...

February 2014

Top

Hallin Marine completes FPSO services at Bualuang field in Thailand
28 February 2014 Superior Energy Services company Hallin Marine has concluded a project in the Bualuang oil field off the coast of Thailand following damage to subsea structures....

Oil prices drop on worries of slowing demand post-winter
28 February 2014 Oil prices fell today on expectations of slackening demand following the cold season in the US and Europe, which is likely to cut heating fuel...

New Zealand introduces new offshore oil and gas drilling regulations
28 February 2014 The New Zealand Government has introduced new regulations stating that activities involved in exploratory drilling for oil and gas will be classified as non-notified...

Oil prices drop with abating winter
27 February 2014 Oil prices dropped today as investors worried that the ending of the cold season in the US and Europe is likely to cut demand for heating fuels, which provided a cushion to oil benchmarks during...

UK’s offshore oil and gas industry to receive £13bn investments in 2014
27 February 2014 The UK's offshore oil and gas exploration, production and investment activities in 2014 forecasts capital expenditure of around £13bn, representing the second-highest year for investment on...

Transocean awards construction contracts for two $1.24bn deepwater drillships
27 February 2014 Offshore contract drilling services provider Transocean has awarded contracts to Jurong Shipyard in Singapore for construction of two ultra-deepwater drillships, with a combined capital cost...

ENI awards framework to Atkins for Western Australian assets
26 February 2014 Italian integrated energy company ENI has awarded a two-year framework to Atkins for the provision of general engineering services....

Chiyoda wins $1.1bn contract for Indonesian FPU project
26 February 2014 Chiyoda International Indonesia, a subsidiary of Chiyoda, has secured a contract from Eni Muara Bakau for the engineering, procurement, construction and installation (EPCI) of a new barge...

Oil prices fall with clouded demand outlook post winter
26 February 2014 Oil prices fell today as investors anticipate a drop in demand for heating oil at the end of the winter...

Jensen Maritime to design LNG America’s bunker barges
25 February 2014 Crowley Maritime naval architecture and marine engineering company Jensen Maritime has secured a contract from LNG America to design liquefied natural gas (LNG) bunker barges in the...

Oil prices fall as US crude stocks likely to increase
25 February 2014 Oil prices fell today as investors worried that US commercial crude stocks are expected to rise with signs of winter fading, which could lead to a decrease in demand for heating fuel. ...

UK offshore oil and gas industry to receive £200bn boost over next 20 years
25 February 2014 The British economy is set to recover an additional three to four billion barrels of North Sea oil and gas, and is expected to receive a potential £200bn boost over the next 20 years, according...

Neste Oil to transfer ship management functions
24 February 2014 Neste Oil is set to outsource the ship management functions of Neste Shipping to global offshore and ship management services provider OSM Group, as part of a business transfer agreement....

Today’s oil prices rise after G20 countries promise to boost investment
24 February 2014 Oil prices rose today as G20 countries promised to take concrete steps for economic growth, raising hopes for oil...

BOEM proposes to increase cap on oil spill liabilities
24 February 2014 The Bureau of Ocean Energy Management (BOEM) has announced its proposal to administratively increase the limit of liability for oil spill removal costs and related...

Bilfinger extends agreement with BP
21 February 2014 Bilfinger Industrier Norge has extended an agreement with BP for the maintenance of oil and gas production facilities in the North...

Statoil discovers gas in Barents Sea
21 February 2014 Statoil has announced gas discovery at Kramsnø prospect in the Barents Sea....

Oil prices drop slightly as US crude inventories rise
21 February 2014 Oil prices dropped slightly today as overall crude inventories in the US rose by almost one million...

UK’s oil and gas industry lacks skilled manpower says study
20 February 2014 A new salary guide produced by recruiting firm Hays Oil & Gas and jobsite Oil and Gas Job Search has revealed that for 2014, the primary challenge facing two-thirds of UK employers in the oil...

Statoil awards Snøhvit study contract to Foster Wheeler
20 February 2014 Statoil Petroleum has awarded a contract to a subsidiary of Foster Wheeler's global engineering and construction group to perform a study for the Snøhvit improvement project two at...

Oil prices drop due to slowdown in China’s manufacturing activity
20 February 2014 Oil prices fell today as private survey data showed a drop in China's factory activity, sparking worries about the pace of global growth and oil demand in the world’s second biggest oil...

Statoil selects GE’s predictive-diagnostic software for offshore fleet
19 February 2014 Norwegian oil and gas operator Statoil has chosen GE’s Proficy SmartSignal predictive-diagnostic software and services in a bid to improve the uptime and reliability of heavy rotating...

OVL signs contract for two offshore blocks in Bangladesh
19 February 2014 ONGC Videsh (OVL), a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC), has signed a production-sharing contract (PSC) for two shallow-water exploration blocks in the Bay of...

Brent trades above $110 on geopolitical concerns
19 February 2014 Brent crude held above $110 a barrel on Wednesday as Libyan output fell yet again and rebels in South Sudan seized control of the capital in a key oil-producing...

Lundin Petroleum begins drilling at Baronang PSC in Indonesia
18 February 2014 Lundin Petroleum has commenced exploration drilling on the wildcat oil exploration well Balqis-01 using the Hakuryu 11 rig in the Baronang PSC, Natuna Sea,...

Lamprell delivers offshore jackup rig to National Drilling Company
18 February 2014 Engineering and contracting services provider Lamprell has delivered the offshore drilling rig Qarnin to Abu Dhabi’s National Drilling Company...

Today’s oil prices rise as US dollar weakens
18 February 2014 Oil prices rose today as the US dollar dropped to a six-week low supporting commodities such as oil that are priced in the...

Brent futures drop on weaker US economic data
17 February 2014 Brent value dropped towards $109 a barrel today over revived demand fears from the US, fuelled by weaker-than-expected economic data. However, further losses were curbed with support from the...

Aquatic introduces health and safety training for offshore personnel
17 February 2014 Acteon company Aquatic Engineering & Construction has worked with Survivex, a specialist health and safety training provider, to create a bespoke course for its offshore teams who work at...

Wärtsilä to supply pumping solutions for Samsung’s FSU
17 February 2014 Wärtsilä is set to supply a range of pumping solutions for a new floating storage unit (FSU), as part of a contract signed with Samsung Heavy Industries...

Statoil to develop Norwegian oil field with first phase investment of $19.6bn
14 February 2014 Statoil and the partners in the Johan Sverdrup oil field have decided on a concept for development of the field off Norway, for which investment in the first phase is estimated at up to...

Eni discovers gas at Marine XII block offshore Congo
14 February 2014 Italian oil and gas company Eni has discovered significant wet gas at Nene Marine 3 exploration well in the Marine XII block located about 17km offshore...

Today’s oil prices drop with fall in US economic data
14 February 2014 Oil prices fell today as the US retail and automobile sales fell unexpectedly in January, which increased doubts among investors about growth in the world's biggest economy and global oil demand...

Oil prices drop as refineries enter maintenance season
13 February 2014 Oil prices dropped yesterday on worries that the approaching of refinery maintenance season would reduce crude...

Technip to provide intervention services for Statoil’s subsea compression stations
13 February 2014 Technip has received a substantial contract ranging from €100m to €250m from Statoil for future intervention services on the Asgard subsea compression...

Ulstein wins contract from Nordic American Offshore for two PSVs
13 February 2014 Ulstein, a provider of ship design, shipbuilding and system solutions for ships, has been awarded a contract by Nordic American Offshore (NAO), an offshore shipping company, for two platform...

Kongsberg commences Seaglider autonomous underwater vehicle production
12 February 2014 Kongsberg Underwater Technology (KUTI), a subsidiary of Kongsberg Maritime, has commenced full-scale production of the KONGSBERG Seaglider Autonomous Underwater Vehicle...

Today’s oil prices rise as China’s oil imports increase
12 February 2014 Oil prices rose today after China’s customs data revealed record high oil imports for January, which increased hopes among investors over fuel demand in the world's second-largest oil...

2H Offshore delivers tripod platform for Dubai Petroleum
12 February 2014 Acteon Group subsidiary 2H Offshore has been appointed by Dubai Petroleum (DP) to deliver an intensive, fast-track design of a tripod platform for installation off Dubai,...

University academics argue for further exploration of oil spills effects
11 February 2014 A new report has unveiled that in order to look into the short and long-term impact of the oil and gas industry on EU fisheries, fish species and the ecosystem, further exploration needs to be...

Deltamarin wins contract from Bumi Armada to design FPSO unit
11 February 2014 Deltamarin has been awarded a contract by Bumi Armada Berhad to design a floating production, storage and offloading (FPSO)...

Brent gains slightly ahead of dovish Yellen testimony
11 February 2014 Brent value gained slightly today as investors await the first congressional testimony of new Federal Reserve chief Janet Yellen, after a weak labour market report for January left investors...

Pivotal and WesPac to supply LNG for TOTE's container ships in Jacksonville, US
10 February 2014 TOTE has selected Pivotal LNG, a wholly-owned subsidiary of AGL Resources and WesPac Midstream, to supply liquefied natural gas (LNG) to fuel TOTE's two new container ships at Jacksonville...

UMW Drilling orders Keppel jackup rig
10 February 2014 Keppel Offshore & Marine’s subsidiary Keppel FELS has won a contract from UMW Drilling, a subsidiary of UMW Oil & Gas (UMW), for a KFELS B class jackup rig worth...

Oil prices fall to $109 as investors wait for US and China economic data
10 February 2014 Oil prices fell today as investors await data from China and the US to gauge demand outlook in the leading oil consuming countries. ...

Uniwise Offshore purchases OSV simulator and instructor station
07 February 2014 Uniwise Offshore Thailand has purchased a NAUTIS offshore supply vessel simulator and instructor station to train offshore supply vessel (OSV) activities within its...

Today’s oil price: Brent surges over positive signs in US jobs data
07 February 2014 The signs of optimism over US jobs data have pushed Brent crude to beyond $107 a barrel today and towards a second weekly...

Aubin Group and Flexlife to provide IM solutions to oil and gas industry
07 February 2014 Aubin Group, an offshore chemical engineering company, has formed a cooperation agreement with subsea flexible pipe specialist Flexlife to provide IM solutions to the oil and gas...

Shell commences production from Mars platform in Gulf of Mexico
06 February 2014 Royal Dutch Shell has commenced production from the Mars B development through its deep-water platform in the Gulf of...

Today’s oil prices rise following drop in US distillates stockpile
06 February 2014 Oil prices rose today after US Energy Information Administration (EIA) data revealed a drop in distillate stocks due to continued frigid...

IHC Merwede wins contracts worth €350m for dredging and offshore vessels
06 February 2014 The Netherlands-based IHC Merwede has secured contracts worth €350m for a range of dredging and offshore vessels and equipment....

BP reports decline in Q4 2013 profits
05 February 2014 Oil giant BP has reported a decline in profit for the fourth quarter of 2013 at $2.8bn, compared with $3.9bn for the fourth quarter of 2012....

Today’s oil prices rise following drop in US inventories
05 February 2014 Oil prices rose today after US industry data revealed a drop in oil stocks at Cushing at the WTI contract's delivery...

DNV wins contract from Statoil for new offshore development
05 February 2014 DNV GL UK has been awarded a contract related to compliance with UK Offshore Regulations for the Statoil Mariner...

Total to sell stake in Angola offshore block for $750m
04 February 2014 Total is set to sell its 15% participating interest in the Angola offshore block 15/06 for $750m to...

Brent value drops following slowdown in US manufacturing activity
04 February 2014 Brent futures dropped today as US manufacturing activity slowed sharply in January, which clouded future oil...

North Atlantic Drilling to purchase two GE BOP control systems
04 February 2014 North Atlantic Drilling, an offshore drilling contractor, is set to purchase two GE oil and gas blowout preventer (BOP) control...

Canada introduces new regulation for offshore industry
03 February 2014 Harper Government has introduced new energy safety and security legislation in a bid to modernise safety and security for offshore industry in Canada....

Oil prices fall as China's manufacturing PMI drops
03 February 2014 Oil prices fell this week as China's purchasing managers' index (PMI) for the manufacturing sector dropped to a six-month low in January, weighing on crude prices over demand...

Promar orders two platform supply vessels from Damen
03 February 2014 Swiss company Promar has ordered two platform supply vessels of the new PSV 3300 design from Damen Shipyards Group in a bid to further expand the offshore fleet under its management in the...

January 2014

Top

Today's oil prices fall as US dollar hits one-week high
31 January 2014 Oil prices fell today as the US dollar traded at a one-week high against the major currencies weighing crude and other...

South Stream Transport awards €1bn contracts for supply of over 75,000 steel pipes
31 January 2014 South Stream Transport has contracted three pipe mills worth about €1bn to supply over 75,000 steel pipes for the first line of the South Stream Offshore Pipeline....

Ocean Safety supplies Dacon rescue scoops to BP
31 January 2014 UK-based Ocean Safety has supplied a pair of Dacon rescue scoops to British Petroleum (BP) through ship manager Bibby...

Today's Brent trades near $108 as US distillate stocks drop
30 January 2014 Brent futures traded near $108 a barrel today, drawing support from a steep fall in the last week's distillate stocks in the US as bitter cold boosts demand for heating...

Wärtsilä to supply power module solutions for North Sea FPSO vessel
30 January 2014 Finland-based Wärtsilä is set to supply topside power module solutions for a floating production, storage and offloading (FPSO) vessel to be deployed at the Kraken oilfield in the UK sector of...

Shell to sell stake in offshore Brazil project for $1bn
30 January 2014 Royal Dutch Shell has entered into a deal with Qatar Petroleum International to sell a 23% interest in the Parque das Conchas (BC-10) project offshore Brazil for approximately...

AGR to expand involvement in field abandonment projects
29 January 2014 Oil and gas service company AGR has announced plans to further expand its involvement in field abandonment projects, in a bid to build on a successful year of offshore...

UK North Sea fields starting production increases by 44% in 2013
29 January 2014 A new report has found an increase of 44%, year on year, in the number of UK North Sea fields starting to produce oil, the highest number since 2008, when 16 fields were brought...

Today's Brent value increases as US distillate inventories drop
29 January 2014 Brent futures increased slightly today following a drop in the US distillate inventories as heating oil consumption rises during a bitter northern hemisphere...

Today’s oil prices rise as US distillate inventories drop forecast
28 January 2014 Oil prices rose today following forecast of drop in the US distillate inventories, which would prompt demand for heating oil due to bitter winter cold in northern...

Claxton successfully delivers new project in UK North Sea
28 January 2014 Acteon subsidiary Claxton has successfully delivered a new project in the UK North Sea in water depths of approximately...

Statoil shuts production at Statfjord platform in Norway
28 January 2014 Norwegian energy firm Statoil has shut production at its Statfjord C platform off Norway following an oil...

EMAS wins offshore contracts worth $80m
27 January 2014 Singapore-based offshore contractor EMAS’s subsea services division (EMAS AMC) has received contracts worth a total of approximately $80m, including...

FMC Technologies awards umbilicals, reelers supply contract to JDR
27 January 2014 US-based oil service equipment provider FMC Technologies has awarded a contract to JDR for the design and supply of umbilicals and reelers for intervention workover control system (IWOCS) for...

Today’s Brent value falls amid Chinese economic slowdown
27 January 2014 Brent futures dropped today on reports of a slowing economy in China, which clouded future oil...

Today’s Brent crude steadies over US distillate stockpile plunge
24 January 2014 Brent futures were steady above $107 a barrel today, as the US distillate stockpile plunged three-and-a-half times more than expected, boosting demand for heating oil and helping crude benchmark...

UK invites bids to drill for oil and gas in North Sea
24 January 2014 The UK Government has opened the 28th licensing round inviting companies to apply for new licences to drill for offshore oil and gas in the North...

Prysmian to expand oil and gas business with new headquarters in Houston, Texas
24 January 2014 Italy-based Prysmian Group is set to expand its business of subsea umbilicals, risers and flowlines (SURF) by establishing new headquarters in Houston,...

Topaz acquires two anchor handling towage and supply vessels for $100m
23 January 2014 Offshore support vessel company Topaz Energy and Marine has acquired two anchor handling towage and supply vessels (AHTSV) for $100m....

Today's oil prices fall after reports of contraction in Chinese manufacturing sector
23 January 2014 Oil prices fell today as China's factory sector performance declined sharply in January to a level indicating contraction in business activity, which clouded future oil...

Spectrum completes multi-client 2D seismic acquisition survey offshore Croatia
23 January 2014 Seismic service provider Spectrum has announced the successful completion of its multi-client 2D seismic acquisition survey offshore Croatia....

Wison to build floating LNG unit for Andhra Pradesh
22 January 2014 Shanghai-based Wison Offshore & Marine has signed an agreement with Indian-owned Vessel Gasification Solutions (VGS) of New Jersey to build and supply a floating liquefied natural gas...

ISS to support construction of $3.2bn deepwater gas pipeline
22 January 2014 Maritime services provider Inchcape Shipping Services (ISS) is all set to support the construction of a $3.2bn deepwater gas pipeline which links the Mnazi Bay gas field to Tanzania’s largest...

Today's oil prices rise with robust demand outlook from IEA
22 January 2014 Oil prices rose today after International Energy Agency (IEA) forecasts rise in oil consumption by 1.3 million barrels a day (mbpd), with acceleration of economic...

Brent value increases following prolonged disruptions in Libya and Sudan
21 January 2014 The Brent value increased today following supply worries due to prolonged disruptions from South Sudan and OPEC member...

Inpex wins 15-year extension for offshore Upper Zakum field in UAE
21 January 2014 Japan-based oil and gas exploration and production company Inpex has received approval from the government of Abu Dhabi for a 15-year extension of its...

Mubadala and Shell to swap two offshore blocks equity in Malaysia
21 January 2014 Upstream oil and gas exploration and production company, Mubadala Petroleum has entered into a deal with Shell to swap equity in two exploration blocks offshore Malaysia....

Today's oil prices slip as dollar strengthens
20 January 2014 Oil prices fell today as the dollar index reached its peak compared to six major currencies since mid-November, prompting traders to stop buying oil due to heavy...

HMDC reports oil spill at Hibernia platform
20 January 2014 The Hibernia Management and Development (HMDC) has reported that a leak that occurred in December 2013, at one of two systems that are used to offload oil from the Hibernia platform, which...

Emerson to provide power supply systems for Shell’s FLNG project
20 January 2014 Oil and gas company Shell has selected Emerson Network Power as the main uninterruptible power supply (UPS) systems provider for the company’s Prelude floating liquefied natural gas (FLNG)...

Brent value drops with expectation of Libya and Iran supply
17 January 2014 Brent value dropped today following expectations of more supply from the Middle East and North Africa, weighing on the crude...

CIMC Raffles to build drilling rigs for Beacon and Norshore
17 January 2014 Integrated offshore rigs builder CIMC Raffles Offshore has been awarded two contracts to build harsh environment ice class semi-submersible drilling rig and a multi-purpose drillship....

Sete Brasil receives $3.7bn loan to finance building nine offshore drilling rigs
17 January 2014 Oil-rig supplier Sete Brasil Participacoes has secured BRL8.8bn ($3.71bn) loan from Brazil’s national development...

Petrotrin confirms 11 oil spills during December 2013
16 January 2014 Trinidad's state-owned oil company Petrotrin has confirmed at least 11 oil spills during December 2013 and was fined $3.1m from the country's Environmental Management Authority...

L&T secures offshore contract from BG Group
16 January 2014 India-based Larsen & Toubro (L&T) Hydrocarbon has bagged a contract worth INR7bn ($113.7m) off the coast of India from BG Exploration and Production India...

Brent value drops due to positive supply outlook
16 January 2014 Brent traded below $107 a barrel on Thursday on expectations of crude supply from Iran and Libya....

ONGC Videsh wins offshore block in Sudan
15 January 2014 ONGC Videsh (OVL) has received licences for two oil and gas blocks in Sudan, as it plans to improve its energy partnership with the oil-rich African country....

Alfa Laval wins offshore oil and gas contract from DSME
15 January 2014 Sweden-based Alfa Laval has secured an order from Korean company Daewoo Shipbuilding & Marine Engineering (DSME), which is valued at Skr110m...

Today's oil prices fall following rise in Libyan supply
15 January 2014 Oil prices fell today with incremental increases in Libyan oil supply and expectations that Iranian crude will add to global supply and depress prices....

Brent value drops as Iran deal nearly takes effect
14 January 2014 Brent futures dropped in anticipation of the commencement of oil shipments in Iran on 20 January following a deal over the country's nuclear...

Chevron secures approval to develop Alder Field in North Sea
14 January 2014 Chevron North Sea has reached a final investment decision and received approval from the UK government to develop the Alder Field in the Central North...

Amec offers $3.2bn to buy Foster Wheeler
14 January 2014 British engineering firm Amec has made a $3.2bn cash-and-shares offer to buy Switzerland-based engineering firm Foster Wheeler as part of its strategy to boost its geographical presence...

Damen delivers twin double hull oil vessels to James Fisher
13 January 2014 Damen Shipyards Bergum has delivered The Damen Twin Double Hull Oil Vessels 8000 named King Fisher and Kestrel Fisher to Dutch managers De Opfeart Beheer and James Fisher...

Yokogawa to supply control and safety systems to Russian LNG plant
13 January 2014 Yokogawa Europe Solutions, a subsidiary of Yokogawa Electric, has secured a contract from Yamgaz, a consortium of Technip and JGC, for the supply of integrated control and safety systems (ICSS)...

Today's oil prices slip fresh Iran nuclear deal
13 January 2014 Oil prices slipped today after Iran and six major powers signed a fresh six-month deal to delay Tehran's nuclear ambitions, which is set to come into force on 20 January, creating a weaker...

BPZ commences production from Albacora A-18D well offshore Peru
10 January 2014 American oil and gas explorer BPZ Energy has started production from the Albacora A-18D development well offshore Peru at an average rate of about 2,100 barrels of oil per day (bopd), or...

Today's oil prices increase after rise in China crude imports
10 January 2014 Oil prices increased today after China's crude oil imports rose 13% in December, creating demand for the oil in near...

Mermaid places $436m rigs purchase order with China Merchants
10 January 2014 Thailand-based Mermaid Maritime has placed a $436m order with China Merchants Industry Holdings to purchase two tender rigs and one dive support vessel to enhance its subsea engineering...

Magseis wins OBS acquisition services contract from Statoil
09 January 2014 Norwegian geophysical firm Magseis has been awarded a contract to provide global Ocean Bottom Seismic (OBS) acquisition services for an oil and gas explorer Statoil over the next five...

Eco Atlantic submits Daniel evaluation report to Namibian authority
09 January 2014 Canada-based oil and gas explorer Eco Atlantic has submitted an initial evaluation report of its exploration project called the Daniel licence, Block number 2013B in offshore Namibia to the...

Today's oil prices rise with continued tension in Libya
09 January 2014 Oil prices increased today with the continued escalation of the Libyan conflict increasing concerns over oil...

GE Oil & Gas opens logistics base in Brazil
08 January 2014 GE Oil & Gas has announced the opening of a logistics base for the Brazilian oil and gas sector with an investment of over $100m....

Oil prices rise on worries over Libyan supplies
08 January 2014 Oil prices increased today after reports of Libyan autonomy groups vowing to sell oil from seized ports, sparking fresh supply worries....

Energy XXI discovers oil in US Gulf of Mexico
08 January 2014 Oil and natural gas explorer Energy XXI has discovered oil at its Stricker well on West Delta 30 field in the US Gulf of...

BP’s Kurt Mix defence lawyers blame elevator conversation for verdict in Gulf oil spill trial
07 January 2014 Defence lawyers for a former BP drilling engineer, Kurt Mix, who was convicted by a federal jury of obstructing an investigation into the company's 2010 Gulf oil spill, claimed that jurors...

Today's oil prices increase after fresh Libyan conflict
07 January 2014 Oil prices increased today after a fresh escalation of the conflict in Libya created concerns over oil...

Technip wins ultra-deep water contracts from Petrobras
07 January 2014 French oil services provider Technip has received two ultra-deep water contracts from Petrobras for the supply of flexible pipes for two fields located in the Santos basin pre-salt area,...

Lundin starts drilling 16/3-8S well in North Sea
06 January 2014 Oil and gas exploration and production company Lundin Petroleum has commenced the drilling of appraisal well 16/3-8S on the Johan Sverdrup discovery located in the North Sea sector of the...

Today's oil prices increase amid restart of Libyan oilfield
06 January 2014 Oil prices increased today but headed towards a biggest weekly fall in six months, following the restart of a key Libyan oilfield, fearing a drop in oil demand....

Pancontinental commences drilling on Sunbird-1 well in Kenya
06 January 2014 Petroleum exploration company Pancontinental Oil & Gas has announced the commencement of drilling on the Sunbird-1 exploration well located in licence area L10A, offshore...

Brent's value increases amid Libyan and US developments
03 January 2014 Brent's value could increase today after a disappointing performance in the previous session due to Libyan developments, when it posted its biggest daily percentage drop in six...

Statoil discovers oil and gas at Askja prospects
03 January 2014 Statoil, together with PL272 partners, has discovered gas in the Askja West prospect and oil in the Askja East prospect in the North...

Kosmos signs rig share agreement with BP and Maersk
03 January 2014 Oil and gas exploration and production company Kosmos Energy signed an agreement with BP and Maersk Drilling for the rig Maersk...

Keppel delivers new jackup rig to Arabian Drilling
02 January 2014 Keppel FELS has delivered a KFELS B Class jackup rig to Arabian Drilling (ADC), representing the 21st new-build offshore rig delivered in...

Shell acquires Brazil’s BC-10 project stake for $1bn
02 January 2014 Oil and gas company Shell has completed the acquisition of an additional 23% interest in the Parque das Conchas (BC-10) project offshore of Brazil for...

Today's oil prices rise after drop in US crude inventories
02 January 2014 Oil prices increased today following a greater-than-expected drop in the US crude inventories, followed by output cuts in Libya and South...

December 2013

Top

Navis commissions DP-2 system for Resolution vessel
24 December 2013 Finland-based vessel motion control systems manufacturer Navis Engineering has commissioned a DP2 system for the 70m ROV and diving support vessel...

Statoil and partners win Greenland licence
24 December 2013 Norwegian oil and gas company Statoil has been awarded block 6 in the East Greenland licence round along with its partners ConocoPhillips and...

Brent stays above $111 following Sudan and Libya supply concerns
24 December 2013 Oil prices fell slightly but Brent crude rose to a two-week high and stayed above $111 a barrel on Tuesday as internal strife in South Sudan threatened the country's oil output, adding to...

MODEC and partners to proceed with ultra-deepwater FPSO chartering project
23 December 2013 An agreement has been signed between MODEC, Mitsui, Mitsui OSK Lines and Marubeni Corporation to invest in a long-term charter business promoted by...

Today's Brent value increases over South Sudan developments
23 December 2013 Brent value has gone up marginally today after news emerged from South Sudan government that rebels have seized the capital of a key oil-producing region, reviving supply...

Sonardyne installs intruder detection system in Middle East offshore field
23 December 2013 Sonardyne International has installed a Sentinel Intruder Detection System (IDS) onboard a drilling rig operating in an undisclosed offshore oil field in the Middle East....

Nido Petroleum signs drilling rig contract with UMWSD
20 December 2013 Oil and gas exploration and production company Nido Petroleum has signed a rig contract with UMW Standard Drilling (UMWSD), a wholly owned subsidiary of UMW Oil &...

Federal jury convicts BP drilling engineer for destroying Gulf oil spill evidence
20 December 2013 Former BP drilling engineer, Kurt Mix, has been convicted by a federal jury of obstructing an investigation into the company's oil spill, which occurred in the Gulf of Mexico in...

Today's oil prices fall but set for second weekly gain
20 December 2013 Oil prices fell today but headed towards a second weekly gain, following supply fundamentals including Libyan production outages, unrest in South Sudan and increased outlook for fuel demand in the...

Trelleborg supplies floatover mating technology to Myanmar oil platform
19 December 2013 Sweden-based engineering group Trelleborg has announced the supply of its floatover mating technology to the SHWE project in the Bay of...

Oil prices drop as dollar weighs on Fed stimulus tapering
19 December 2013 Oil prices decreased today after the dollar value surged upwards following the US Federal Reserve’s decision to taper its monetary...

BP discovers oil at Gila prospect in Gulf of Mexico
19 December 2013 UK-based oil and gas company BP has discovered oil at the Gila prospect on Keathley Canyon Block 93 in the deepwater US Gulf of...

Offshore-technology.com launches major industry survey
19 December 2013 Offshore-technology.com would like to invite you to take part in our latest industry confidence tracking survey, examining industry sentiment on the latest economic and consumer issues...

Today's Brent value drops ahead of Fed Reserve’s stimulus decision
18 December 2013 Brent futures were under pressure today as the traders are reluctant take positions ahead of US Federal Reserve briefing which could clear air on tapering of its monetary stimulus....

Shah Deniz Consortium confirm FID on 2nd stage of project
18 December 2013 BP, the leader of the international Shah Deniz consortium, has confirmed the final investment decision (FID) on the second phase development of the Shah Deniz gas field in the Caspian Sea,...

Atkins bags flow assurance contract from Inpex
18 December 2013 Design, engineering and project management consultancy Atkins has secured a A$19.3m ($17.18m) flow assurance contract on major liquefied natural gas (LNG) project in...

IPB wins approval for Pryderi-1 exploration in Australia
17 December 2013 IPB Petroleum has been granted environmental plan approval by the Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for the Pryderi-1 oil...

Dana acquires licences worth $44m in North Sea
17 December 2013 UK-based oil and gas exploration firm Dana Petroleum has expanded its portfolio by acquiring equity in two licences in the Danish and German sectors of the Southern North Sea for around...

Today's oil prices drop ahead of Fed meeting
17 December 2013 Oil prices decreased today as investors sell their futures ahead of the US Fed meeting, where the central bank may take a decision on tapering its...

Petroceltic reveals Black Sea drilling operations results
16 December 2013 Irish oil and gas exploration and production company, Petroceltic International, has revealed western Black Sea drilling operations results where the GSP Prometeu rig has completed the first of...

Cooper Energy reveals Hammamet Westoil discovery results
16 December 2013 Cooper Energy has completed initial analysis of Hammamet West-3 well in Tunisia and reinforced confidence in the commercial potential of the Hammamet West discovery, which is currently subject...

Today's Brent value increases Libyan supply concerns
16 December 2013 Brent's value increased today after Libya failed to strike a deal with tribal leaders to remove blockade on oil exporting ports, reviving supply concerns....

JX Nippon signs PSC with Petronas for Block 3F in Malaysia
13 December 2013 JX Nippon Oil & Gas Exploration's Malaysian subsidiary has signed a production sharing contract (PSC) with Petronas for deepwater Block 3F in the Sarawak...

Global Petroleum seeks partner for Namibia offshore blocks
13 December 2013 Oil and gas exploration company Global Petroleum has granted approval to its joint broker FirstEnergy Capital to find a partner to fund the next phase of planned exploration expenditures...

Brent crude trades above $108 ahead of resumption of Libya supply
13 December 2013 Brent crude held above $108 a barrel today as traders anticipated an increase in the Libyan oil supply following announcement of the government's plans to reopen three eastern...

Statoil and partners to conduct joint seismic acquisition
12 December 2013 Statoil, along with a group of 16 oil and gas companies, has undertaken a project for joint seismic acquisition in the south-eastern Barents...

Today's oil prices slip as US nears budget deal
12 December 2013 Oil prices decreased today after Republicans in the US House of Representatives were seen supporting a two-year budget deal negotiated behind closed doors, creating a weaker sentiment for...

Salamander Energy signs contract for Malaysia's block PM322
12 December 2013 UK-based Salamander Energy signed a production sharing contract (PSC) for block PM322, its first licence in...

CB&I secures FEED Contract for hydrocracker complex in Russia
12 December 2013 CB&I announced that it has been awarded a contract by JSC Gazprom Neft for front end engineering and design (FEED) services for a new oil refining complex at Gazprom Neft's refinery in...

Technip installs Sonardyne to improve pipeline touchdown monitoring
11 December 2013 Project management, engineering and construction company Technip has installed a Sonardyne GyroUSBL transceiver on the stinger of its rigid pipe S-lay and heavy lift construction vessel,...

Today's Brent steady as traders look to narrow spread with US futures
11 December 2013 Today's Brent was steady at more than $109 a barrel as the focus of the main traders was to narrow its spread with US futures ahead of inventory data in the...

Rolls-Royce secures contract to boost UAE oil production
11 December 2013 Rolls-Royce is set to supply power generation equipment and services to Abu Dhabi Marine Operating Company (ADMA-OPCO) to help boost oil and gas processing at the Satah Al- Razboot (SARB)...

EOC commences gas production on Perisai Kamelia FPSO
10 December 2013 Offshore floating production services provider EOC has commenced gas production on floating production, storage and offloading (FPSO) vessel Perisai Kamelia for Hess Exploration and...

Today's oil prices increase following positive Chinese data
10 December 2013 Oil prices increased today following positive industrial output and a rise in retail sales for November in China, the latest in a series of signs indicating fuel demand in the...

Statoil discovers oil and gas in Barents Sea
10 December 2013 Norwegian oil and gas major Statoil has discovered hydrocarbons at the 7220/7-2 S well in PL532, situated in the Barents...

Petronas, Shell win Brunei’s offshore blocks
09 December 2013 Malaysia's state-run company Petronas and global oil and gas major Shell have been awarded two offshore blocks by Brunei's national oil company,...

Brent stays near $112 following positive China, US data
09 December 2013 Brent's oil futures held near $112 a barrel today, following a positive economic data from the US and China, which are the top two oil consumers in the...

Shell to resume drilling in Alaska by July 2014
09 December 2013 Oil and gas giant Royal Dutch Shell has announced plans to deploy an upgraded drillship in the Chukchi Sea in an effort to return to Alaskan offshore drilling by July...

Crude prices gain on US jobs data, production cuts
06 December 2013 Crude oil prices rose today, amid US jobs data and production cuts in Europe and the US due to deteriorating weather...

Neon Energy announces gas discovery at Cua Lo-1 ST1 well in Vietnam
06 December 2013 Australian oil and gas company Neon Energy has announced a gas discovery at the Cua Lo-1 ST1 exploration well in Block 105 PSC, offshore...

Noble discovers oil and gas in Gulf of Mexico and Israel
06 December 2013 US-based energy firm Noble Energy has discovered oil at the Dantzler exploration well in the Deepwater Gulf of Mexico, and gas at the Tamar Southwest (SW) exploration well, offshore...

Today's Brent value drops after OPEC agrees output target
05 December 2013 Brent's value decreased today after the Organization of the Petroleum Exporting Countries (OPEC) agreed on Wednesday to keep its production target unchanged at 30mmbpd for the first half of...

Canada to improve system for spills from ships
05 December 2013 Canada's Tanker Safety Expert Panel has revealed a report aiming to improve the nation's system for ship-source oil spill preparedness and response in order to better protect the public and...

Nigerians concerned by spreading spill near Eni facility
05 December 2013 Residents near Nigeria's Brass facility - run by oil and gas company Eni - reported that a large oil spill has spread through the sea and swamps of the oil producing Niger Delta...

Today's oil prices increase after Keystone XL pipeline start-up
03 December 2013 Oil prices increased today following news of the scheduled start of a pipeline project from Cushing, Oklahoma, to the Gulf Coast, which would pump crude stocks at the giant storage...

Wood Group Mustang to provide FEED for Hess
03 December 2013 US-based engineering services provider Wood Group Mustang has secured a contract to offer front-end engineering design (FEED) services on Hess's Stampede tension leg platform...

US to auction 134 blocks in March 2014
03 December 2013 US Bureau of Ocean Energy Management (BOEM) has scheduled the auction of oil and gas blocks at the Gulf of Mexico Eastern Planning Area in New Orleans for 19 March...

Drum Cussac supports Malagasy Navy's anti-piracy operations
03 December 2013 UK-based business risk consultancy Drum Cussac has delivered an anti-piracy training programme for the Malagasy Navy at the Naval Base in Diego Suarez,...

Today's oil prices increase on stronger demand outlook
03 December 2013 Oil prices increased today following data showing the US manufacturing sector expanded last month at its fastest pace for two and a half years, after positive Chinese...

ESD Simulation to re-initiate centrifugal gas compressors course
03 December 2013 Training firm ESD Simulation will re-introduce their control and operation of centrifugal gas compressors course to Norway in...

Today's oil prices increase after positive Chinese manufacturing data
02 December 2013 Oil prices increased today after China's manufacturing sector reported its highest level of output since March 2012 for the second consecutive month in...

Cobalt confirms pre-salt discovery at Angola's Lontra-1 well
02 December 2013 US-based exploration and production company Cobalt International Energy has confirmed its Lontra-1 well is a pre-salt discovery off the coast of...

Scottish independence would weaken North Sea industry: report
02 December 2013 The North Sea oil and gas industry would mainly be hit by several factors, including a lack of information on Scottish independence, a lack of skills in vital areas and increasing inflation...

November 2013

Top

Eni signs exploration agreement for Ukraine's Black Sea
29 November 2013 Italian energy firm Eni has signed a production sharing agreement with the Ukrainian government for the exploration and development operations in Ukraine's Black...

Today's Brent value increases with continued Libyan supply outage
28 November 2013 Brent's value increased today thanks to a Libyan supply outage at a time of the expected increase in winter oil...

Prospector takes delivery of jack-up drilling rig
28 November 2013 Jack-up drilling contractor Prospector Offshore Drilling has taken delivery of its first jack-up drilling rig, Prospector 1, in the Cromarty Firth,...

Nordic Energy to evaluate North Sea's licence 1/13
28 November 2013 Nordic Energy is in the process of evaluating the prospectivity of its 80%-owned Danish licence 1/13, which was acquired by the company in September...

Topaz to deploy two PSVs for BP in Azerbaijan
27 November 2013 Dubai-based offshore support vessel company Topaz Energy and Marine has been awarded two contracts worth about $100m by BP to deploy two platform supply vessels (PSVs) in Azerbaijan’s oil and...

Today's Brent value increases on Libyan supply concerns ahead of demand
27 November 2013 Brent's value increased today as disruptions in Libya sparked supply concerns, while oil demand is set to increase during the next few...

Energy Institute brings out offshore hazards mitigation research report
27 November 2013 A new report has been published by the Energy Institute's (EI) Carbon Capture and Storage (CCS) committee on hazard analysis for offshore carbon capture platforms and offshore pipelines....

Today's Brent value drops after Iran deal allays concerns
26 November 2013 Brent's value decreased today as supply concerns were eased, following a deal between Iran and world powers on Sunday in...

CIMC to deliver semi-submersible drilling rigs from Yantai
26 November 2013 China-based CIMC Raffles is set to deliver two units of deep-water, semi-submersible drilling rigs, OOS Gretha and OOS Prometheus from...

Ulstein to build two vessels for Island Ventures
26 November 2013 Ulstein Verft will build two OCV vessels for US-based Edison Chouest Offshore and Island Offshore in Norway, which have ordered for their purchase through Island Ventures...

Today's oil prices drop following Iranian nuclear deal
25 November 2013 Oil prices decreased sharply today, after a nuclear deal signed on Sunday by Iran and six world powers led to fears among traders that oil demands would drop with extra supplies coming from...

Miclyn Express Offshore purchases NAUTIS OSV simulator
25 November 2013 Singapore's Miclyn Express Offshore (MEO) has purchased a NAUTIS Offshore Supply Vessel Simulator (OSV) and Instructor Station for the training of OSV activities within its...

Osiris Projects launches coastal survey vessel, MV Proteus
25 November 2013 UK-based Osiris Projects has announced the launch of a coastal survey vessel designed to provide a working platform for coastal survey...

Today's oil prices decline over global developments
22 November 2013 Oil prices decreased today, but Brent is seen to be on its course to end with a second weekly increase driven by sharp overnight gains, as investors waited for a positive result from talks...

Bomin Linde to start implementation process for German LNG terminals
22 November 2013 Liquefied natural gas provider Bomin Linde has decided to start the implementation process for its Hamburg and Bremerhaven...

ConocoPhillips begins gas production from UK's Jasmine field
22 November 2013 US-based exploration and production company ConocoPhillips has commenced gas production from the Jasmine field in the UK's central North...

Keppel wins contract to build jackup rig for Ensco
21 November 2013 Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary Keppel FELS has won a $265m contract to build a repeat KFELS Super A Class harsh environment jackup rig for a subsidiary of...

Unique System supplies ADOC with data monitoring system
21 November 2013 Unique System FZE, a Unique Maritime Group company, has supplied meteorological and oceanographic data to the Abu Dhabi Oil Company...

Today's oil prices drop as Fed hints at stimulus policy shift
21 November 2013 Oil prices decreased today following minutes from the US Federal Reserve's October meeting, which hinted at stimulus...

Bibby completes IRM contract for Brunei Shell Petroleum assets
20 November 2013 Bibby Offshore Singapore (BOS) has completed an inspection, repair and maintenance (IRM) project for Brunei Shell Petroleum (BSP) on its offshore assets in...

Today's oil prices increase as Fed reassures on stimulus
20 November 2013 Oil prices increased today after US Federal Reserve chairman Ben Bernanke commented that the Fed will maintain its bond buying programme as long as it is needed...

BP increases rig count in Gulf of Mexico deepwater
20 November 2013 British oil and gas company BP has commenced operations with two new drilling rigs in the deepwater Gulf of...

Petroplan to open new South African office
19 November 2013 Global recruiter for the oil and gas industry Petroplan is set to open a new South African office in CenturyCity, a business development in the suburbs of Cape...

Today's oil prices dip on worries over US Federal stimulus programme
19 November 2013 Oil prices decreased on Tuesday because of worries the US Federal Reserve might squeeze its commodity-friendly stimulus sooner rather than...

Oil Basins to acquire Shelf Oil from Strategic Energy
19 November 2013 Australian oil and gas exploration company Oil Basins (OBL) has executed an agreement to acquire Shelf Oil, a wholly-owned subsidiary of Strategic Energy Resources...

EnQuest receives approval for £4bn Kraken development plan in UK North Sea
18 November 2013 The UK Department of Energy & Climate Change (DECC) has approved EnQuest’s £4bn field development plan for the Kraken field in the North Sea, off the Shetland...

Today's oil prices slip as Iran nuclear talks resumes this week
18 November 2013 Oil prices slipped today ahead of recommencement of talk between Iran and major powers over nuclear programme, as oil traders believe that positive outcome from talks will release Iranian oil...

Petronas awards $3.12bn offshore contract to six companies
18 November 2013 Malaysia's state oil firm Petroliam Nasional (Petronas) has awarded a MYR10bn ($3.12bn) worth 13-package, five-year offshore hook-up, commissioning and maintenance services contract to six...

Today's oil prices increase on continued Fed stimulus hope
15 November 2013 Oil prices increased today following Janet Yellen's comments about the US central bank's commodity-friendly stimulus measures, suggesting that tapering would be cleared on her...

PGS completes towed streamer EM with seismic acquisition
15 November 2013 Marine geophysical company Petroleum Geo-Services (PGS) has completed acquisition of towed streamer EM and 2D GeoStreamer...

Pavilion to acquire Tanzania stake from Ophir Energy
15 November 2013 Pavilion Energy is set to acquire a 20% stake in blocks 1, 3 and 4 in the Ruvuma and Mafia Deep basins area offshore of Tanzania from Ophir Energy, in a deal worth...

Sasol wins South African oil and gas exploration rights
14 November 2013 Sasol Petroleum International, an upstream oil and gas subsidiary of Sasol, has received an exploration rights permit from Petroleum Agency South Africa to develop oil and gas fields in the...

Today's Brent value increases on Libyan supply concerns
14 November 2013 Brent's value increased today, following reports of Libyan outages getting worse, which outweighed increasing stockpile worries in the...

GE opens subsea manufacturing facility in Batam, Indonesia
14 November 2013 Subsea equipment supplier GE Oil & Gas has opened its newly expanded Batam Island subsea manufacturing facility in Indonesia, to meet demands of the...

Today's oil prices rise on stimulus rollback concerns
13 November 2013 Oil prices increased today as the dollar gained on expectations that the US Federal Reserve will curb stimulus measures sooner than previously expected and as investors were reassured by...

Chevron, Petrobras start production from Brazil's Papa-Terra field
13 November 2013 US energy firm Chevron's Brazilian subsidiary and Petrobras have started production on platform P-63, connected to well PPT-12, in the Papa Terra field, located in the southern Campos...

UK offshore sector to produce additional oil: Report
13 November 2013 A new report has revealed that changes to the way the UK's offshore oil and gas sector operates are expected to produce at least three to four billion additional barrels of oil, in the next 20...

Today's oil prices slip as crude inventories rise
12 November 2013 Brent crude prices decreased today, on speculation of a huge increase in US oil inventories, which oil investors fear will lead to oversupply and a drop in...

Fugro receives BEEA for WaveWalker 1 jack-up
12 November 2013 Marine drilling and civil engineering contractor Fugro Seacore received the New Mechanical Product of the Year award, for the WaveWalker 1 jack-up, at the 2013 British Engineering Excellence...

Faroe Petroleum finds oil at Snilehorn in Norwegian Sea
12 November 2013 Faroe Petroleum has announced an oil discovery in well 6407/8-6 and sidetrack 6407/8-6A on the Snilehorn prospect in the Norwegian...

Aqualis completes acquisition of Aqualis Offshore
11 November 2013 Norwegian biotechnology and marine consultancy service provider Aqualis has completed the acquisition of 100% of the shares in Aqualis Offshore for NOK70m...

Statoil to drill wells on Norway's continental shelf
11 November 2013 Norwegian oil and gas company Statoil announced plans to commence drilling on 20 to 25 exploration wells on the Norwegian continental shelf (NCS) in...

Today's Brent rises as talks on Iran's nuclear programme fail
11 November 2013 Brent's value increased today, after talks between Iran and six world powers failed to seal a deal on Tehran's nuclear...

Today's Brent value steady as China's October crude imports drop
08 November 2013 Brent's value increased slightly today, with a rebound in export growth showing signs of improvement in the Chinese...

Lundin completes drilling Johan Sverdrup well in Norway
08 November 2013 Swedish oil and gas exploration and production company Lundin Petroleum, through its wholly-owned subsidiary Lundin Norway, has completed the drilling of Johan Sverdrup appraisal well 16/3-7...

Total, Anadarko, Canadian Natural to drill Ivory Coast wells
08 November 2013 Total, Anadarko Petroleum and Canadian Natural Resources are set to drill exploration wells in Ivory Coast, on three offshore blocks with an investment up to...

Today's oil prices dip before European Central Bank meeting
07 November 2013 Brent crude slipped to less than $105 a barrel ahead of the European Central Bank's policy meeting and US third-quarter GDP numbers, due to be announced later in the...

Statoil commences production from Visund North field
07 November 2013 Norwegian oil and gas company Statoil has commenced production from the Visund North oil and gas field in the North...

Keppel wins $1.1bn contract for Transocean jackup rigs
07 November 2013 Keppel Offshore & Marine's (Keppel O&M), wholly-owned subsidiary Keppel FELS has bagged a $1.1bn contract from a subsidiary of Transocean to build five KFELS Super B Class jackup...

Today's oil prices increase after US gasoline and diesel stocks drop
06 November 2013 Oil prices increased on Wednesday, after a decrease in US gasoline, diesel and heating oil stocks, which gave investors hopes of an improvement in the US oil...

Viking to construct jack-up drilling rig
06 November 2013 Viking Offshore & Marine has joined forces with Chan Kwan Bian to construct a drilling jack-up rig at a cost of about...

Swiber to sell stake in Kreuz for $206m
06 November 2013 Singapore's construction and support services provider Swiber has received an S$256.2m ($206.31m) offer from investment firm SEA9 for its 57.5% stake in Kreuz, an offshore subsea services...

ITF, SEA launch project to assess pipeline span issues
05 November 2013 Global technology facilitator ITF, along with Subsea Engineering Associates (SEA), has launched a Joint Industry Project (JIP) in Perth,...

US agency blames Black Elk Energy, contractors for explosion
05 November 2013 An investigation by the US Bureau of Safety and Environmental Enforcement (BSEE) blamed operator Black Elk Energy and its contractors for the accident in November 2012 at an offshore platform...

Today's Brent price steady over Libyan outage
05 November 2013 Brent crude futures steadied today, as continuing unrest in the OPEC member nation Libya is maintaining the balance between demand and...

Oil prices increase after positive US manufacturing data
04 November 2013 Brent crude prices increased to more than $106 a barrel as investors started fresh positions after the previous session's steep fall of more than $3 and settling at its lowest point since early...

Statoil, OMV complete Gullfaks, Gudrun deal
04 November 2013 Norwegian oil and gas company Statoil has completed the sale of its stake in offshore oil and gas fields Gullfaks and Gudrun to OMV, for around...

ConocoPhillips completes sale of Kashagan field for $5.4bn
04 November 2013 US-based ConocoPhillips has completed a transaction with KazMunayGas (KMG) for the sale of its 8.4% stake in the North Caspian Sea production sharing agreement (Kashagan), for about...

Technip, Subsea 7 secure contracts for Tullow's Ghana project
01 November 2013 French engineering group Technip and Subsea 7 in the UK have won a pair of contracts worth $1.23bn from Tullow Ghana, for the ultra-deepwater Tweneboa-Enyenra-Ntomme (TEN)...

Kongsberg Maritime secures offshore systems contracts in Asia
01 November 2013 Kongsberg Maritime has secured contracts from Samsung Heavy Industries (SHI), Hyundai Heavy Industries (HHI) and Cosco Shipyard to deliver major technology to specialist offshore...

Today's oil prices increase after China's positive manufacturing data
01 November 2013 Oil prices increased on Friday, Brent went above $109 a barrel on expectations of steady demand growth, as the manufacturing sector in China expanded in...

October 2013

Top

Today's oil prices slip on hopes of export resumption from Libya
31 October 2013 Oil prices slipped today on expectations that disruptions from OPEC member Libya could be short-lived, which increased fears about crude regarding...

Aker to sell mooring and loading systems unit to Cargotec
31 October 2013 Norwegian oil field products, systems and services provider Aker Solutions has agreed to sell its mooring and loading systems business to Cargotec's MacGregor marine crane division for...

EMAS secures two offshore contracts worth $110m
31 October 2013 Singapore-based offshore contractor Ezra's operating brand EMAS has announced it has been awarded two offshore contracts worth...

RGU develops software to prevent faults in subsea technology
30 October 2013 Robert Gordon University (RGU) researchers have developed new software which helps anticipate and prevent potential faults in subsea...

Today's Brent value increases with Libyan supply concerns
30 October 2013 Brent crude's value increased today after reports of a sharp drop in exports from Libya, which overshadowed greater than expected US oil...

Cairn to acquire interest in north-west African block
30 October 2013 Scottish oil and gas exploration and production company Cairn Energy has entered a farm-in agreement with Kosmos Energy and Moroccan National Oil (ONHYM) for a 20% non-operated interest in...

Total commences production from Ekofisk South in North Sea
29 October 2013 French integrated oil and gas company Total has commenced oil production from the Ekofisk South project in the Norwegian North...

Today's oil prices dip before Fed Reserve's policy-making meeting
29 October 2013 Oil prices dropped on Tuesday ahead of the Federal Reserve's policy-making meeting, which is set start later in the...

Statoil to build $6.79bn drilling platform at Snorre field
29 October 2013 Norway's Statoil has announced a NOK40bn ($6.79bn) project to build a new drilling and processing platform at its Snorre field in the North Sea, in a bid to extract another 300 million barrels of...

Today's Brent rises as investors expect positive result from Fed meeting
28 October 2013 Brent crude's value increased today as investors expect the US Federal Reserve would continue its economic stimulus during the two-day policy meeting starting from...

GE to supply subsea systems to Ocean Installer
28 October 2013 GE Oil & Gas is due to supply subsea tie-in connection systems to Ocean Installer, which will support development of the Gina Krog and Eirin gas fields in the Norwegian North Sea, as part of...

Wintershall completes drilling of North Sea's Ivar Aasen wells
28 October 2013 Wintershall Norge has completed drilling of wildcat wells 16/1-19 S and 16/1-20 A, 2.5km east of appraisal wells 16/1-16 and 16/1-16 A at the Ivar Aasen field and about three kilometres north...

Sandvik opens oil and gas business unit in Aberdeen
25 October 2013 Swedish engineering group Sandvik Materials Technology has established a new oil and gas business unit in Aberdeen, in a bid to increase its business growth in the energy...

Rolls-Royce wins contract from Samsung for rig equipment
25 October 2013 Rolls-Royce will supply thrusters and deck machinery for two semi-submersible drilling rigs, to be built by Samsung Heavy Industries in Korea for Stena Drilling as part of a...

Today's Brent rises on positive oil demand signs in US, China
25 October 2013 Brent crude's value increased on Friday and stayed at more than $107 a barrel, on speculation that the oil demand would increase in the US and China, thanks to peak winter and factory output...

Total to develop Argentinian offshore field with $850m
24 October 2013 French energy firm Total has announced plans to invest $850m to develop a deep water natural gas field off the southern coast of...

Chevron acquires offshore blocks in Bight basin, Australia
24 October 2013 Integrated energy firm Chevron's Australian subsidiary has acquired exploration interests in two offshore blocks located in the Bight basin, a deepwater frontier...

Today's oil prices increase after positive Chinese economic data
24 October 2013 Oil prices increased today following a preliminary survey report, which showed strong new orders driving the fastest expansion in China's manufacturing sector in seven months in October,...

Petrobras discovers hydrocarbons in Santos basin, Brazil
23 October 2013 Brazilian company Petrobras has confirmed a hydrocarbon column of about 160m, starting at a depth of 5,322m at well 3-BRSA-1183-RJS (3-RJS-713), located in block BM-S-24, in the Santos basin...

InterMoor secures contract with LLOG in Gulf of Mexico
23 October 2013 InterMoor, a mooring, foundations and subsea service provider, has secured a contract with oil and gas producer LLOG in the Gulf of...

Today's oil value dips after US job data cements Fed stimulus hopes
23 October 2013 Oil prices decreased today, as the US dollar dropped to a two-year low against the euro on Wednesday after disappointing US jobs data, as well as owing to concerns about oil demand in the...

Subsea 7 secures $600m contracts from Petrobras
22 October 2013 Seabed-to-surface engineering, construction and services contractor Subsea 7 has received two contracts, with a combined value of more than $600m, from...

CNOOC and partners to develop Brazil's Libra field
22 October 2013 Chinese oil company CNOOC, as part of a consortium comprised of Petrobras, Royal Dutch Shell, Total and CNPC, has signed a contract to develop the Libra pre-salt oil discovery in the Santos...

Brent rises again over US delay on monetary policy rollback
22 October 2013 Brent crude's value increased today and stayed above $109 a barrel, once again on expectations that the US Federal Reserve will delay trimming its monetary policy until next year, which...

Today's oil prices up on possible delay in US stimulus cut
21 October 2013 Oil prices have edged up today, on expectations that the US Federal Reserve will delay trimming its economic stimulus programme, following a 16-day government shutdown, which would increase...

Wison opens Zhoushan Fabrication Yard for RPLC refinery project
21 October 2013 Wison Offshore & Marine has commenced the Petroleos De Venezuela RPLC refinery project's key modularised components construction, at Wison's Zhoushan Fabrication...

Qatar Petroleum awards EPIC contract to Technip for offshore project
21 October 2013 Qatar Petroleum has awarded an engineering, procurement, installation and commissioning (EPIC) contract to Technip, for an FMB offshore...

W&T Offshore to acquire Gulf of Mexico deepwater fields
18 October 2013 Oil and natural gas producer W&T Offshore has signed an agreement to acquire all of Callon Petroleum's exploration and production deepwater field properties in the Gulf of Mexico, for...

Brownstone receives extension for Israel's Yitzhak, Gabriella licences
18 October 2013 Canadian firm Brownstone Energy has been granted an extension, for work programmes on Yitzhak and Gabriella offshore licences, from the Ministry of Energy and Water of...

Today's Brent rises as Chinese oil demand drops
18 October 2013 Brent crude's value increased today and stayed at more than $109 a barrel, as September's oil demand in China showed signs of decline, even offsetting the strong GDP growth that the country...

Transocean wins $1.1bn drillship contract from Chevron
17 October 2013 Transocean has secured a $1.1bn contract from energy company Chevron to build a drillship for ultradeep...

Today's oil prices falls as government shutdown ends in US
17 October 2013 Oil prices fell today, after lawmakers in the US agreed to end the partial government shutdown. This kept investors away from locking in fresh positions ahead of fresh...

European Commission approves LNG Rotterdam-Gothenburg project
17 October 2013 The European Commission has approved the liquefied natural gas (LNG) Rotterdam-Gothenburg project as a priority project for European transport infrastructure...

Kosmos Energy to divest offshore blocks in Morocco
16 October 2013 Kosmos Energy has signed three farm-out agreements with BP, which covers three blocks in the Agadir basin, offshore...

LADOL to build FPSO platform integration facility in Nigeria
16 October 2013 LAGOS Deep Offshore Logistics Base (LADOL) plans to invest around $350m (N56bn) to set up an integration facility for oil and gas sector in...

Today’s oil prices steady on US debt deal hopes
16 October 2013 Crude oil futures held their ground today, as the US Senate is close to reach a deal to raise the nation's debt ceiling and provide temporary government...

Sterling Resources begins Breagh production in North Sea
15 October 2013 Canada's Sterling Resources has started production at the rate of 97 million standard cubic feet per day (MMscf/d) from wells A01, A03 and A04, located at the Breagh gas field in the UK's...

Technip secures Delta House contract in Gulf of Mexico
15 October 2013 France's Technip has secured a contract from LLOG Exploration Offshore to develop the Delta House field, situated in the Mississippi Canyon area of the US Gulf of...

Today's oil prices dip before Iran's nuclear talks
15 October 2013 Oil prices slipped on Tuesday, ahead of proposed talks regarding Iran's nuclear programme, which is expected to create a weaker global demand for oil with the increase of crude...

Statoil completes drilling of wells at Volve field, North Sea
14 October 2013 Norwegian multinational oil and gas company Statoil Petroleum has completed the drilling of the 15/9-F-1 and 15/9-F-1 A wells, which are situated between the Sleipner West and Sleipner East...

Lundin Malaysia secures Bertam field approval from Petronas
14 October 2013 Lundin Malaysia, a subsidiary of Sweden's Lundin Petroleum, has secured approval from Petronas for the development plan for the Bertam...

Today's oil prices slip as China's crude exports drop
14 October 2013 Oil prices decreased slightly today, after China's export growth fizzled out in September to post a surprise fall, which signalled that the world's second largest economy was gaining strength...

Today's oil prices fall after US borrowing authority talks fail
11 October 2013 Oil prices dropped on Friday, following the failure of US President Obama and Republicans on reaching an agreement on a six-week extension to the nation's borrowing...

Ferncliff launches new consultancy, Aqualis Offshore
11 October 2013 Norwegian industrial and financial investment group Ferncliff has launched an offshore marine and engineering consultancy, Aqualis Offshore, to serve the oil and gas...

Kongsberg introduces laser-based reference system, SpotTrack
11 October 2013 Norway's Kongsberg Seatex, a subsidiary of Kongsberg Maritime, has launched new multitarget laser-based relative position reference system, called SpotTrack, for offshore...

Today's oil prices rise following Libyan prime minister’s kidnap
10 October 2013 Oil prices rose today following reports of abduction of Libyan prime minister Ali Zeidan, raising fears supply disruption from the OPEC...

WHL Energy agrees La Bella 3D seismic survey acquisition
10 October 2013 Australian energy company WHL Energy has signed an agreement with CGG Services for La Bella 3D seismic survey...

Otto Energy to withdraw stake from Philippines licence
10 October 2013 Australia's Otto Energy is set to withdraw its stake in Service Contract (SC) 69, an offshore exploration licence in the East Visayan basin of the...

Dana Petroleum starts production at Dutch North Sea well
09 October 2013 Dana Petroleum has started production from an infill well in Hanze oil field in the Dutch North Sea, at a rate of 3,500 barrels per...

Panoro Energy begins seismic acquisition programme in Gabon
09 October 2013 Norway's Panoro Energy announced that it has started a 3D seismic acquisition programme in the Dussafu block offshore of...

Oil prices slip after US lawmakers fail to break budget deadlock
09 October 2013 Oil prices decreased slightly on Wednesday, after lawmakers in the US failed to break the deadlock over the budget, which increased fears of a slump in oil...

Aker Solutions to decommission North Sea's Murchison platform
08 October 2013 Norwegian oil field services firm Aker Solutions has won a contract from CNR International (UK) for the first phase of decommissioning of the Murchison platform in the North...

Today's Brent drops following normal Gulf of Mexico production
08 October 2013 Brent crude slightly decreased today, after oil companies returned to normal production levels in the Gulf of Mexico after tropical Storm Karen...

Technip-MMHE JV receives EPCIC contract from Petronas
08 October 2013 France's Technip, in a joint venture (JV) with Malaysia Marine and Heavy Engineering (MMHE), has confirmed a substantial engineering, procurement, construction, installation and...

Woodside starts $4.72bn North Rankin redevelopment in Australia
07 October 2013 Woodside Petroleum has announced the start-up of the A$5bn ($4.72bn) North Rankin redevelopment project in Western...

Gazprom to produce from Russia's Prirazlomnoye Arctic oil project
07 October 2013 Moscow's Gazprom is set to commence oil production by the year's end at the Prirazlomnoye Arctic oil project, located on the Pechora Sea shelf, 60km off the shore at water depth of 19 to...

Today's oil prices slide as Gulf of Mexico production resumes
07 October 2013 Oil prices slipped on Monday following the restart of production in the Gulf of Mexico, after Tropical Storm Karen abated on Sunday and was downgraded to a tropical depression, hovering...

Center for Biological Diversity calls for end to Californian fracking
04 October 2013 Center for Biological Diversity has issued a notice letter to the US Government, which allowed offshore fracking in waters off California's coast without analysing risks to human health...

BP wins Gulf of Mexico spill settlement dispute
04 October 2013 BP has won a legal reprieve from the US Fifth Circuit Court of Appeals in New Orleans, with regard to a certain settlement related to the Gulf of Mexico oil spill that took place in...

Oil prices down as US Government shutdown continues for third day
04 October 2013 Oil prices decreased slightly today, as the US Government's shutdown continues for the third day, increasing fears that it will damage oil...

Keppel secures $440m jackup rigs contract from Clearwater
03 October 2013 Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary, Keppel FELS, won a $440m contract from Clearwater Capital Partners to build two KFELS B Class jackup...

Shell commences production from Parque das Conchas, Brazil
03 October 2013 Oil and gas major Royal Dutch Shell and its partners have commenced production from the second development phase of the Parque das Conchas (BC-10)...

Today's oil prices falter as US Government shutdown continues
03 October 2013 Oil prices dropped today, as the US Government's shutdown continues, which increased fears of a slump in oil...

Wintershall to take over Brage field from Statoil
02 October 2013 German crude oil and natural gas producer Wintershall Norge is set to take over control of the Brage oil field on the Norwegian Continental Shelf (NCS) from...

Santos stops production at Bangladesh's only offshore field
02 October 2013 Australian oil and gas producer Santos has ceased production at Bangladesh's only offshore gas field because of commercially unviable levels of...

Oil prices slide following US Government shutdown
02 October 2013 Oil prices dropped today with concerns that the US Government shutdown will impact the demand for...

Oil prices slips as partial shutdown of US government starts
01 October 2013 Oil prices slipped today as the US government headed to a partial shutdown on Tuesday for the first time in 17 years, raising fears of slump in oil...

BP faces $18bn fine in second phase of Gulf of Mexico oil spill trial
01 October 2013 British oil and gas giant BP will face a fine of up to $18bn (£12bn) during the second round of its legal trial over the 2010 Gulf of Mexico oil spill...

Lundin discovers oil at Johan Sverdrup well in Norway
01 October 2013 Lundin Norway has encountered an oil column of around 6m in sandstone of Upper Jurassic age at the Johan Sverdrup appraisal well 16/5-4 in PL501,...

September 2013

Top

Total completes acquisition of South African exploration interests
30 September 2013 French oil company Total has completed acquisition of 50% interest in block 11B/12B from CNR International, a wholly-owned subsidiary of Canada's Natural Resources, after receiving approval...

Sonar Equipment delivers ROV survey package to Calesurvey
30 September 2013 Marine equipment supplier Sonar Equipment Services has delivered its first multisensor ROV survey package to the marine survey division of...

Today's oil prices slide as Iran tensions ease
30 September 2013 Oil prices decreased on Monday, as tensions about Iran abated and the likelihood of a US Government shutdown clouded the outlook for...

Huisman receives order from Petrobas for supply of cranes
27 September 2013 Lifting, drilling and subsea solutions provider Huisman has received an order from Petrobas, for its new production facility in Brazil, to supply...

Today's oil prices slide amid Syrian deal and Iran nuclear talks
27 September 2013 Oil prices decreased today, as fears about supplies from the Middle East abated with renewed diplomatic efforts regarding Syria and...

MCP to provide communications for Gulf Offshore's Norway vessels
27 September 2013 Gulf Offshore Norway signed an agreement with Maritime Communication Partner (MCP) to provide solutions enabling seamless mobile phone coverage and internet access to three of its...

Statoil discovers significant oil offshore of Canada
26 September 2013 Statoil Canada and its partner Husky Energy have made a significant oil discovery offshore of...

Oil prices rise slightly despite Iran's progress on nuclear dispute
26 September 2013 Oil prices gained slightly today, despite Iran's decision to start talks with world powers, which boosted hopes of progress in resolving a long-standing dispute over its nuclear...

Noble to spin off offshore drilling business
26 September 2013 Swiss offshore drilling contractor Noble has said it will create a spin off of its offshore drilling business and create two separate...

Vallourec to produce steel tubes for oil and gas market
25 September 2013 France's Vallourec is introducing welded stainless steel tubes for the offshore oil and gas market, to support umbilicals that play a key role in subsea...

Today's oil prices gain over uncertainties in US-Iran relations
25 September 2013 Oil prices increased today because of investors' scepticism over whether relations between US and Iran would ease, amid new talks on Tehran's nuclear programme; however, improving supplies...

Repsol Sinopec selects Paradigm's software for exploration projects
25 September 2013 Repsol Sinopec has implemented Paradigm's interpretation software suite SeisEarth, for its exploration projects carried out in deep water in the pre-salt Campos Basin offshore of...

Today's Brent steady as Middle East tensions ease
24 September 2013 Brent futures traded near $108 a barrel today, as geopolitical tensions in the Middle East saw some relief ahead of the US and Iran's nuclear talks, due to take place later this week;...

BP requests US court to stop spill settlement payments
24 September 2013 British oil major BP has requested that a US court temporarily stops payments from its settlement agreement for the 2010 oil spill in the Gulf of...

Statoil discovers gas in Barents Sea's Iskrystall well
24 September 2013 Statoil, with its partners Eni Norge and Petoro, has discovered gas in the Iskrystall prospect in production licence (PL) 608 in the Barents...

Today's Brent trades at above $109 amid positive Chinese data
23 September 2013 Brent futures settled at more than $109 a barrel today, pairing losses in the earlier session, amid robust manufacturing data from China, which raised hopes of a demand boost from the...

Technip contracts ArcelorMittal for oil and gas development
23 September 2013 French project management, engineering and construction company Technip has awarded a €200m contract to ArcelorMittal for the development of oil and gas offshore...

BHP Billiton opens Australian $1.5bn domestic gas project
23 September 2013 BHP Billiton has opened its $1.5bn Macedon domestic gas project in Onslow, in Western...

Crowley delivers largest offshore platform in US Gulf of Mexico
20 September 2013 Crowley Maritime has delivered a huge offshore oil production and drilling platform, Olympus, to the US Gulf of...

Today's Brent steady as Middle East geopolitical tensions prevail
20 September 2013 Brent crude futures steadied at more than $108 a barrel today, as supply concerns are still in focus amid prevailing geopolitical tensions in the Middle East; however, the possibility of...

US court charges Halliburton director for destroying evidence
20 September 2013 The US federal court has charged Halliburton Energy Services' former cementing technology director Anthony Badalamenti, for destroying evidence related to the deadly oil spill in the Gulf of...

Keppel secures two FPSO conversion contracts
19 September 2013 Keppel Shipyard has won two contracts, worth S$190m ($152m), from SBM Offshore and M3nergy Offshore for the conversion of floating production storage and offloading (FPSO)...

Today's oil prices rise as Fed decides to continue stimulus
19 September 2013 The US Federal Reserve's decision to continue with the current monetary stimulus programme has given momentum to oil prices...

DeepOcean wins subsea services contract from Petrobras
19 September 2013 DeepOcean, part of the DeepOcean Group, together with its Brazilian partner Comphania Brasileira de Offshore (CBO), has received a two year contract from Petróleo Brasileiro (Petrobras) E&P...

Indonesia invites bids for 18 oil and gas blocks
18 September 2013 Indonesia's Ministry of Energy and Resources has invited international companies to bid for onshore and offshore oil and gas working areas, which are located mostly in the eastern part of the...

Today's Brent drops as Libya resumes production, Syrian concerns ease
18 September 2013 Brent crude has dropped today, after Libya restarted production from its oil fields and also because concerns over the Middle East's crude supply eased, following diplomatic talks with Syria...

ConocoPhillips, Chevron to develop Enochdhu in UK North Sea
18 September 2013 ConocoPhillips and co-venturer Chevron have received approval from the UK Department of Energy and Climate Change (DECC) to develop the Enochdhu discovery, in the UK central North...

Petroceltic begins production at Kaliakra gas field, Bulgaria
17 September 2013 Petroceltic International has commenced production at its new well on the Kaliakra gas field, offshore of...

Oil prices slide on fears of crude supply shortfall in Middle East
17 September 2013 Oil prices have decreased today as investors expressed fears that the Middle East crude supply may be hit due to the Syrian crisis, followed by the diplomatic surrendering of chemical...

Chevron to pay $42m to settle Brazilian spill suits
17 September 2013 US-based Chevron will pay BRL95.2m ($42m) to settle civil lawsuits regarding an offshore oil spill in November 2011 at the Frade field offshore of...

RH Petrogas completes drilling Klalin-14 well in Indonesia
16 September 2013 Subsidiaries of RH Petrogas have completed drilling the Klalin-14 development well in the Kepala Burung PSC, which is located in Indonesia's West Papua...

AMEC delivers topsides for Chirag Oil Project, Azerbaijan
16 September 2013 Engineering and project management company AMEC and its partners in the AMEC-Tekfen-Azfen (ATA) consortium delivered topsides to the Azerbaijan International Oil Company (AIOC) for its Chirag...

Oil prices decrease following US-Russia deal over Syria weapons
16 September 2013 Oil prices decreased as Syria escaped the threat of imminent military action from the US, following a deal with Russia to remove Damascus's chemical...

Jurong Shipyard wins $346m rig contract from Helix
13 September 2013 Jurong Shipyard, a subsidiary of Singapore's Sembcorp Marine, has won a $346m contract from Helix Energy Solutions Group to build a second semi-submersible well intervention...

Sigur Ros awards pipelay contract to Jumbo
13 September 2013 Malaysian pipelay contractor Sigur Ros has awarded a contract to shipping and offshore transportation and installation contractor Jumbo, for the installation of 126 gravity anchors in deep...

Today's Brent drops over Russia and US talks to resolve Syria crisis
13 September 2013 Brent crude's value dropped today due to a meeting of US and Russian foreign ministers in Geneva to work out a deal to avert a Western military strike on...

Today's oil prices rise amid Syrian uncertainty
12 September 2013 Oil prices increased slightly today following an unclear view on whether diplomatic efforts to eliminate Syria's chemical weapons will avert a US military strike against the country, which...

Noble Energy finds oil at Troubadour prospect, Gulf of Mexico
12 September 2013 US-based Noble Energy has discovered oil at the Troubadour exploration prospect in deepwater in the Gulf of...

Eni announces first oil from Kashagan field, Kazakhstan
12 September 2013 Italian oil and gas company Eni has produced the first oil from the Kashagan oil field outside of the Middle...

Today's oil prices slide on eased Syrian tensions
11 September 2013 Oil prices decreased for the third day in row, as tensions eased over a possible US-led strike on Syria, following the latter's support for a Russian proposal to hand over chemical...

Offshore Ship Designers to design seismic support vessels for COSL
11 September 2013 China Oilfield Services (COSL) has awarded a contract to Offshore Ship Designers (OSD) to design a pair of IMT965 seismic support vessels with a bollard pull of more than of...

Lundin finds oil, gas at Gohta prospect in Barents Sea
11 September 2013 Lundin Norway, a wholly-owned subsidiary of Lundin Petroleum, has discovered oil and gas at exploration well 7120/1-3 in exploration license PL492 in the Barents Sea, offshore of northern...

US EPA fines Shell for Arctic pollution violations
10 September 2013 Shell Gulf of Mexico and Shell Offshore have agreed to pay fines of $1.1m imposed by the US Environmental Protection Agency (EPA), for violations of the Clean Air Act by vessels used to drill...

Today's Brent stays above $113 after positive Chinese data
10 September 2013 Oil prices increased slightly today off session lows after positive Chinese data strengthened the outlook for oil...

BP finds gas at Egypt's offshore Salamat well
10 September 2013 UK-based BP has announced a gas discovery at the Salamat well in the East Nile Delta,...

Total warns Shell of corrosive drilling fluid leak at Shearwater
09 September 2013 Total has warned Royal Dutch Shell that its nearby Shearwater field may be at risk as a corrosive drilling fluid that caused the North Sea's worst gas leak in 20 years is expected to...

OMV discovers oil at Wisting Central well, Barents Sea
09 September 2013 OMV (Norge), a wholly owned subsidiary of OMV Exploration, has discovered oil at wildcat well 7324/8-1, Wisting Central, in exploration license PL 537 in...

Today's Brent falls below $116 as Syria causes uncertainty
09 September 2013 Oil slipped below $116 a barrel on Monday as investors remained focused on any potential action regarding Syria, as Russia and China again urged the United States to hold off from military...

Oryx Petroleum finds oil and gas at E-1 well, Congo
06 September 2013 Oryx Petroleum has discovered oil and gas at the E-1 exploration well targeting the Elephant prospect in the Haute Mer A licence area in Congo...

Today's Brent exceeds $115 as US set to strike Syria
06 September 2013 Brent oil managed to stay at more than $115 a barrel today, despite slipping slightly, owing to increasing concerns about oil supplies in light of a possible US military strike on...

FMC secures $90m subsea equipment contract from Statoil
06 September 2013 FMC Technologies has received a contract worth $90m from Statoil for subsea equipment for the Gullfaks Rimfaksdalen project in the Norwegian North...

GE Oil & Gas unveils subsea manifold design for offshore customers
05 September 2013 GE Oil & Gas has introduced a standardised manifold design option, to cut down the time it takes to design and deliver subsea manifold systems for offshore...

TDW to provide pipeline isolation services to Centrica Storage
05 September 2013 Pipeline equipment and services provider TDW Offshore Services (TDW) has been awarded a contract by Centrica Storage to provide pipeline isolation services with the SmartPlug...

Today's oil prices rise as Senate backs US-led intervention in Syria
05 September 2013 Oil prices increased today, holding at more than $115 a barrel, following the US Senate's approval to proceed with military action in...

Technip secures project modification service contract from Petrobras
04 September 2013 France-based Technip has been awarded a contract by oil major Petrobras to provide project modification services to 13 offshore platforms in the Campos basin area of...

Buccaneer Energy to acquire Apache leases in Alaska
04 September 2013 Australian oil and gas company Buccaneer Energy has signed binding agreements with Apache Alaska to acquire complete stakes in four oil and gas leases in the state of...

Today's Brent steady as US weighs up strike in Syria
04 September 2013 Brent prices were steady today, holding at more than $115 a barrel, as fears among investors increased after US lawmakers backed a Syrian strike, amid supply outages in the Middle East and...

Today's oil prices fall over eased supply fears; factory output caps slide
03 September 2013 Oil prices increased slightly on Tuesday, because of firm Chinese economic data, despite the tightening of supplies because of the collapse of Libyan...

Otto Energy wins exploration permit on Philippines coast
03 September 2013 Australia-based Otto Energy has been awarded a new offshore exploration permit by Philippines Government under a Service Contract 73 (Area 7) in the Mindoro...

BP seeks court intervention for Deepwater Horizon compensation
03 September 2013 BP appealed in the Fifth Circuit court in New Orleans, US, demanding that $9.6bn in settlement of damages, related to the 2010 oil spill, should not be approved if a dispute regarding...

Oil Search discovers gas at Papua New Guinea well
02 September 2013 Australia-based Oil Search has discovered natural gas while drilling at the Kidukidu 1 offshore well, in Papua New...

Today's oil prices slip on delayed Syrian strike; Chinese data supports
02 September 2013 Oil prices decreased today, as investors believe supply disruptions have been eased with the delay of US-led military action against the Syrian Government; however, losses were curtailed...

Wärtsilä to supply propulsion systems for IHC vessels
02 September 2013 Finland-based Wärtsilä has won a contract to supply propulsion solutions for six new offshore pipe laying vessels being built by IHC...

August 2013

Top

Island Offshore receives Premier Oil UKCS service contract
30 August 2013 UK-based Premier Oil awarded a contract to Island Offshore and North Sea RLWI Alliance, for a new LWI service on the UK continental...

Today's oil prices fall after UK rejects Syrian strike
30 August 2013 Oil prices decreased today, as supply disruption fears from the Middle East eased after British lawmakers voted against taking any military action in Syria; however, continuing unrest in...

Reliance and partners to develop KG-D6 block gas field
30 August 2013 Reliance Industries (RIL) and its partners, BP and Niko Resources, have received approval from Indian Government regulators to invest $3.18bn in the R-Series gas field located in the KG-D6...

BSEE, DOE to collaborate on offshore technological research
29 August 2013 The US Bureau of Safety and Environmental Enforcement (BSEE) and Department of Energy's (DOE) Office of Fossil Energy have agreed to work together on ongoing offshore research and...

Sri Lanka invites bids for ultra-deepwater blocks
29 August 2013 The Sri Lankan Government has invited oil companies to bid for new six ultra-deepwater...

Today's oil prices slide over delayed strike against Syria
29 August 2013 Oil prices decreased today, because of news regarding a possible delay in the US-led military action against the Syrian Government for the alleged use of chemical...

Today's oil prices rally over Syrian crisis, Middle East supply worry
28 August 2013 Oil prices increased again today amid fears that possible military action by Western nations against Syria could disrupt crude supplies from the Middle...

Petrofac secures $300m offshore contracts from EnQuest
28 August 2013 UK-based Petrofac has secured two contracts worth $300m for EnQuest's offshore oil and gas assets in the North...

CHC Super Puma crash kills four North Sea rig workers
28 August 2013 Canada-based CHC's Super Puma AS332L2 helicopter crashed on Friday evening offshore of the Shetland Islands, in the North Sea, killing four oil rig...

Anadarko to sell offshore Mozambique stake to ONGC
27 August 2013 Oil and Natural Gas's (ONGC) international subsidiary ONGC Videsh (OVL) is set to acquire a ten percent stake in a gas field in offshore Mozambique, from Anadarko Petroleum, for $2.64bn in...

Greenpeace objects to Russian offshore Arctic drilling
27 August 2013 Environmental organisation Greenpeace said Rosneft and ExxonMobil are exploring in the offshore Arctic and the Russian Coast Guard has threatened to fire on one of its ships, which was trying...

Today's oil prices soar over rising tension in Syria
27 August 2013 Oil prices soared today amid fears that Syria's suspected attack using chemical weapons could increase the prospect of more military action in the Middle...

Today's Brent price soars on positive global economic outlook
23 August 2013 Brent crude increased today, driven by optimistic business surveys that indicated the global economy is recovering, sparking hopes for greater fuel...

US agency proposes rules to strengthen oil and gas safety
23 August 2013 The US Bureau of Safety and Environmental Enforcement (BSEE) has proposed new amendments to the current regulations in relation to production systems and equipment used on the US outer...

Cairn Energy to begin drilling programme in Morocco, Senegal
23 August 2013 UK-based Cairn Energy announced it will commence a 12 month multiwell high impact frontier offshore exploration programme in September...

Woodside recommends FLNG technology for Browse gas fields
22 August 2013 Australia's Woodside said it will recommend Shell's floating LNG (FLNG) technology and its offshore development expertise to Browse Joint Venture participants to develop the three Browse gas...

Today's Brent crude steady on positive Chinese data
22 August 2013 Brent crude traded above $109 a barrel today thanks to positive Chinese data, which supported hopes of increased demand from the world's second largest oil consumer; however, the news that...

UK oil, gas investments to reach £13.5bn in 2013: report
22 August 2013 Britain's offshore industry group Oil & Gas UK has said investment in extracting oil and gas from the UK's continental shelf is expected to reach an all-time high of £13.5bn in...

Today's oil prices fall over US concerns; Middle East worries support
21 August 2013 Oil prices plunged today as investors await more clues from the US Federal Reserve on its economic stimulus plans; however, supply fears amid unrest in both Egypt and Libya provided some...

RasGas completes well drilling for Barzan gas project
21 August 2013 Qatar's RasGas has completed drilling of 30 offshore wells for the $10.3bn Barzan gas...

Cambridge Consultants develops particle analysis technology
21 August 2013 UK-based Cambridge Consultants has developed a new particle analysis technology for the oil and gas offshore...

Statoil to sell UK, Norway offshore fields stake for $2.65bn
20 August 2013 Statoil has signed a deal to sell its stake in offshore oil and gas fields located in Norway and the UK to OMV for...

Today's oil prices slide over US stimulus uncertainty; Middle East unrest curb losses
20 August 2013 Oil prices declined today as investors are waiting for the US Federal Reserve’s policy meeting, which is expected to give hints on its economic stimulus plans; however, losses were restricted...

Freepoint Commodities invests in Gulf of Mexico offshore oil and gas blocks
20 August 2013 US-based Whistler Energy has received a $110m acquisition and redevelopment capital from Commerce Oil, a subsidiary of Freepoint Commodities, and its partners Apollo Global Management and...

BP seeks help to reject shareholders' rights to file class-action suit
19 August 2013 BP has urged a federal judge of Houston to reject US shareholders' rights to file a class action lawsuit for misleading them before and after the 2010 Gulf of Mexico oil spill...

Pemex plans expansion in US for deepwater exploration
19 August 2013 Mexico-based Petroleos Mexicanos (Pemex) has decided to expand its business in the US, by setting up a new company (by the end of 2013) to explore and develop shale gas and deep-water...

Today's oil prices fall on US outlook; civil unrest caps slide
19 August 2013 Oil prices settled at more than $110 a barrel on Monday, amid fears over supply disruptions due to civil unrests in both Egypt and Libya; however, investors remained cautious over concerns the...

Today's oil prices boosted by Egypt unrest; US outlook caps gains
16 August 2013 Oil prices steadied today, consolidating after a week of strong gains, as fears that Egyptian unrest could disrupt supplies; gains were also restricted due to worries that the US Federal...

Center for Biological Diversity calls for California fracking probe
16 August 2013 The Center for Biological Diversity, Environmental Defense Center and Surfrider Foundation have jointly written a letter to the California Coastal Commission to conduct an investigation on...

PTT Exploration finds gas in appraisal wells, offshore Myanmar
16 August 2013 PTTEP International (PTTEPI), a wholly-owned subsidiary of Thailand-based PTT Exploration and Production Public, has discovered gas at four appraisal wells drilled in exploration block M3,...

E.ON finds additional gas at Tolmount discovery in North Sea
15 August 2013 E.ON E&P has said that the size of the Tolmount gas discovery in the UK North Sea could be larger than was originally estimated around two years ago, making it one of the largest discoveries...

Draeger Safety launches Flame 3000 for safe operations
15 August 2013 Draeger Safety UK has launched the new Dräger Flame 3000, which is a highly-advanced explosion-proof image processing flame...

Today's oil prices soar on US data, Egypt unrest and Libyan closures
15 August 2013 Oil prices increased today because of a decline in US crude inventories and supply concerns from the Middle East and north...

ONGC to sell KG basin stake to Shell, ConocoPhillips
14 August 2013 India-based Oil and Natural Gas (ONGC) says it is in talks to sell its stake in the Krishna Godavari (KG) basin deep-sea block to ConocoPhillips and Royal Dutch...

Today's oil prices slide on US stimulus outlook; supply concerns cap fall
14 August 2013 Oil prices dropped today on worries that the US Federal Reserve could start trimming its economic stimulus programme; however, prices received some support due to supply...

BP installs platform jackets on Clair Ridge, Shetland Islands
14 August 2013 BP and its partners, ConocoPhillips, Chevron and Shell, have announced they have installed platform jackets at the Clair Ridge project near the Shetland Islands, UK, which they are hailing as...

Petron's submerged pipeline leaks, oil spills in Cavite
13 August 2013 Petron's submerged pipeline leaked and caused an oil spill, impacting around four towns in...

Today's oil prices steady on Libyan supply concerns; US data caps gain
13 August 2013 Brent crude was steady today, due to continued supply concerns in Libya; however, gains were restricted as this week's US economic data is expected to give indications about the Federal...

BP files lawsuit against EPA for prohibition of government contracts
13 August 2013 BP has approached the federal court of Houston regarding the US Environmental Protection Agency (EPA), saying it has lost contracts worth billions of dollars from the US...

Petrobras awards pipelay support vessel contract to Technip, DOF JV
12 August 2013 Petroleo Brasileiro (Petrobras) has awarded eight contracts to a 50:50 joint venture (JV) company formed by Technip and DOF...

Today's Brent crude falls ahead of US economic data
12 August 2013 The brent crude price slipped today ahead of US economic data which is due this week and is expected to give indications on when the Federal Reserve will start trimming its stimulus...

IHC Merwede secures pipelaying vessel contracts worth €1bn
12 August 2013 IHC Merwede's offshore division has been awarded contracts worth €1bn by Subsea 7 and Seabras Sapura, to design, engineer and construct a total of six pipelaying...

HRT spuds Moosehead-1 offshore well in Namibia
09 August 2013 HRT Participacoes em Petroleo (HRT) has commenced drilling operations on its third offshore well, the Moosehead-1 well (2713/16-1), in petroleum exploration license 24 (PEL 24) in the Orange...

UK oil and gas workers' opinions mixed on Scottish independence
09 August 2013 Oil and gas workers in the UK have mixed opinions about investment levels, wages and job opportunities on the potential impact of Scottish independence on North Sea exploration, according to...

Today's oil prices continue rise after Chinese production data
09 August 2013 Oil prices increased today as industrial production data from China added to early signs that the world's top energy consumer may be stabilising; however, futures are set to post a weekly loss,...

Today's oil prices rise on positive Chinese data
08 August 2013 Oil prices rose today, as optimistic Chinese data indicated the country's economy is stabilising; however, gains were restricted due to US monetary...

Judge asks BP to pay $130m to settlement administrator
08 August 2013 BP has been ordered to pay more than $130m in fees to the court-supervised administrator, who is looking after the payments of people who claimed they were impacted by the 2010 Gulf of Mexico...

US lawmakers demand fracking investigation offshore of California
08 August 2013 California state assembly member Das Williams, along with seven other state legislators, has asked the federal government to investigate reports of oil companies engaging in hydraulic fracturing...

Fisher Offshore, Load Systems form strategic technology partnership
07 August 2013 Fisher Offshore and Load Systems UK have formed a strategic partnership to provide wireless monitoring products and technology for the offshore winch and crane...

Today's oil prices slip ahead of US, China data
07 August 2013 Oil prices declined today as investors waited for data from the US and China, amid easing concerns about short-term disruptions to energy...

Bangladesh to sign initial agreement for exploration blocks
07 August 2013 Bangladesh-based Petrobangla has received approval from the cabinet committee on economic affairs to sign an initial agreement with two international oil companies (IOCs) for exploring...

Keppel secures jackup rig contract from Parden in Mexico
06 August 2013 Keppel Offshore & Marine's (O&M) subsidiary, Keppel FELS, has been awarded a $206m contract by Parden Holding to build a jackup rig for operations in offshore...

GE to offer control valve technology for Hejre platform in North Sea
06 August 2013 GE announced that its control valve technology has been selected by Technip for an offshore production platform in the Hejre oil and gas field, located in the Danish North...

Today's oil prices fall as supply concern eases; US stockpile caps drop
06 August 2013 Oil prices declined today as exporting countries, including Libya, resumed energy shipments; however, losses were restricted as a result of a predicted fall in US crude...

Today's Brent price rises on positive Chinese data
05 August 2013 Brent crude increased today after Chinese non-manufacturing purchasing managers' indexes (PMI) data showed some resilience; however, prices may struggle to gain further as the US and Iran...

Shell commits steady investments in North Sea exploration
05 August 2013 Royal Dutch Shell said its UK arm is interested in North Sea investments and has been investing £2bn annually, either in new developments or in refurbishment of existing activities to upgrade...

Cairn Energy, ConocoPhillips sign deal for Senegal exploration blocks
05 August 2013 UK-based oil and gas explorer Cairn Energy has signed a farm-out agreement with American crude oil producer ConocoPhillips for Rufisque, Sangomar and Sangomar Deep contiguous blocks,...

Today's oil prices rise to four-month high on upbeat economic data
02 August 2013 Oil prices soared today as positive economic data raised hopes of growth in oil demand globally, despite supply disruptions from the Middle East and North...

Eni discovers oil and gas offshore Congo
02 August 2013 Eni has discovered oil and gas at Nene' Marine 1 and Marine 2 wells in the Nene' Marine exploration prospect, offshore...

Nigerian oil disruptions impact Shell’s second quarter profit
02 August 2013 Royal Dutch Shell has posted a drop in its 2013 second quarter profit to $4.6bn, compared to $6bn in the same period of 2012, primarily due to oil thefts and gas supply disruptions in Nigeria...

Oil spill in Gulf of Thailand impacts tourism
01 August 2013 A major oil spill incident that leaked about 50,000 litres of crude oil into the Gulf of Thailand, from a pipeline operated by PTT Global Chemical on 27 July, has severely impacted the...

Dana Petroleum replaces mooring chains on Triton FPSO vessel
01 August 2013 UK-based Dana Petroleum, a wholly-owned subsidiary of Korea National Oil (KNOC), has replaced nine mooring chains on its Triton floating production, storage and offloading (FPSO)...

Today's oil prices climb on positive US, China economic data
01 August 2013 Oil prices gained today as robust economic data from the US and China enhanced the outlook for energy demand in the...

July 2013

Top

BP reports Q2 profit of $2.04bn; claim payouts increase
31 July 2013 BP has posted a profit of $2.04bn for the second quarter of 2013, compared to a loss of $1.51bn for the same period in...

CNOOC discovers oil and gas in China's Bohai Sea
31 July 2013 China National Offshore Oil (CNOOC) has made two new exploration discoveries, Bozhong 8-4 and Kenli 10-4, in the Bohai Sea, offshore of...

Today's Brent price falls ahead of US Federal Reserve meeting
31 July 2013 Brent crude slipped today ahead of the US Federal Reserve meeting and economic data, which are expected to provide some indications on the outlook for energy demand in the...

Offshore Group Newcastle to design jacket for MonArb project
30 July 2013 UK-based energy services provider, Offshore Group Newcastle (OGN), has secured a contract worth £50m from Talisman Sinopec Energy UK, to design and fabricate a 120m-long steel offshore...

US to auction 20 million acres in Gulf of Mexico offshore area
30 July 2013 The Bureau of Ocean Energy Management (BOEM) has decided to lease about 20.7 million acres in the Western Gulf of Mexico Planning Area, offshore of Texas, for oil and gas exploration...

Today's oil prices steady on Federal Reserve's stimulus meeting
30 July 2013 Oil prices were steady today as the US Federal Reserve is expected to meet to discuss its strategy on the monetary stimulus...

Oil spill at Port of Brisbane impacts water birds
29 July 2013 An oil spill incident at the Port of Brisbane on Sunday night has leaked five to ten tonnes of oil, which has impacted water birds, such as pelicans and...

Today's oil prices fall on demand growth concerns; weak dollar checks drop
29 July 2013 Oil prices dropped again today, thanks to increased concerns about demand growth, due to the economic slowdown in China, while a dip in the US dollar and supply disruption worries restricted...

Technip secures subsea contract to develop Alder field
29 July 2013 French oil services provider, Technip, has secured an engineering, procurement, installation and construction (EPIC) contract in the range of €100m to €250m from Chevron North Sea, to develop...

Halliburton reaches deal with US Department of Justice on Deepwater Horizon
26 July 2013 Halliburton has signed an agreement with the US Department of Justice (DoJ) to plead guilty for destroying evidence related to the Deepwater Horizon disaster that occurred in...

Today's oil prices fall on weak demand; drop in dollar caps slide
26 July 2013 Oil prices declined again today over concerns about China's economic slowdown and decades of high oil production in the US; however, a further fall was restricted due to a weak US dollar and...

Nexans to supply power umbilical for Exxon Mobil's Julia field
26 July 2013 France-based cable systems provider Nexans has secured a contract from subsea systems developer, OneSubsea, to design, manufacture and supply an integrated power umbilical and...

Scotland to get greater share of North Sea output, says government
25 July 2013 An independent Scotland would receive up to £1.5 trillion of unexplored oil and gas reserves in the North Sea in the next 40 years, the Scottish Government has said in a report on North Sea oil...

Today's oil prices drop on weak Chinese economic data
25 July 2013 Oil prices slipped today after a weak economic data in China reduced the fuel demand outlook in the world's second biggest oil consumer, while its spread with US crude expanded as investors...

SBM Offshore to supply Suezmax FPSO for Stones project
25 July 2013 SBM Offshore, a Dutch provider of floating production solutions for the offshore industry, has signed contracts with Shell Offshore to supply and lease a Suezmax floating production storage...

Drilling rig blowout leaks natural gas in offshore Lousiana
24 July 2013 A drilling rig operated by Hercules Offshore lost control yesterday after a blowout, which leaked uncontrolled gas into the sea, 55 miles off the shore of...

Santos finds gas at Winchester well in Carnarvon Basin, Australia
24 July 2013 Australia-based Santos has discovered gas at the Winchester-1 exploration well in WA-323-P, located in the Carnarvon Basin, off the shore of Western...

Today’s oil prices slide on weak Chinese data
24 July 2013 Oil prices declined today after China released weak data, which again sparked concerns over demand growth, while a drop in refined product and crude stocks in the US helped cap further...

US judge rejects BP's plea to halt gulf oil spill payments
23 July 2013 US federal court judge Carl Barbier has rejected BP's plea to halt payments for the victims of the Deepwater Horizon oil spill incident that happened in 2010, citing an absence of...

Heerema appoints Fircroft to recruit contractors for Cygnus project
23 July 2013 Heerema Fabrication Group (HFG), an engineering and fabrication services provider for the energy industry, has appointed Fircroft to recruit about 350 contractors to assist in the construction...

Today's Brent gains on weak dollar, Middle East supply concerns
23 July 2013 Brent crude oil prices dropped today, as recent increases in price created concerns regarding demand growth as the global economic climate is still deemed to be...

Today's oil prices rally on global demand expectations
22 July 2013 Oil prices increased today, rising firmly above $108 a barrel in expectations of a revival in global demand growth, as investors focused their attention on US oil, after it hit a premium for...

North Sea drilling activity optimistic in second quarter
22 July 2013 Oil and gas drilling activity in the North Sea has remained steady, with an optimistic forecast for the next two quarters, according to a new offshore activity report from...

Reliance Industries to invest $6.5bn in KG-D6 gas fields
22 July 2013 Indian energy firm Reliance Industries (RIL) has announced it will invest about $6.5bn in its KG-D6 gas fields, to re-achieve natural gas production of up to 60 million standard cubic metres...

Today's oil prices jump on US demand optimism, Fed's stimulus call
19 July 2013 Oil prices gained on expectations of a stable revival in US demand, following strong economic data, as well as an encouraging announcement from the Federal Reserve on monetary...

Shell to stop production at Auger, tie-in new wells to Cardamom field
19 July 2013 Royal Dutch Shell is planning to shut production at its Auger tension-leg platform (TLP) in the deep waters of the Gulf of Mexico, to begin tie-in of new wells to the Cardamom field in the...

US lawyers urge judge not to consider BP's plea to halt payments
19 July 2013 A group of plaintiffs' lawyers have urged a US federal court judge not to consider BP's proposal to temporarily halt settlement payments to the victims of the Deepwater Horizon oil spill...

BP signs farm-in deal for deepwater concessions in Potiguar Basin
18 July 2013 BP has signed a contract with Brazil-based energy firm Petróleo Brasileiro (Petrobras) to farm-in to five deepwater exploration and production concessions in the Potiguar Basin, located in...

Offshore drilling expenditure in Europe to reach $12.8bn in 2016
18 July 2013 Offshore drilling expenditure in Europe is expected to rise at an average annual growth rate (AAGR) of 6.9%, from about $10bn in 2013 to $12.8bn in 2016, with key contribution from...

Today's oil prices slide as dollar gains strength
18 July 2013 Oil prices slipped today as the dollar emerged stronger, while a slump in US stockpiles for a third week raised hopes of a steady recovery in demand...

NEL to set up high pressure multiphase flow facility in Glasgow
17 July 2013 UK-based flow measurement services provider NEL has invested £500,000 on a new high pressure multiphase flow facility at its Glasgow...

Today's oil prices plunge ahead of Fed Chairman's statement
17 July 2013 Oil prices dipped after investors decided to wait for more clarity from Federal Reserve Chairman Ben Bernanke on the US central bank's intention to withdraw its monetary stimulus programme...

CAPS Australia to supply air compressor package for North Rankin B Platform
17 July 2013 Compressed Air and Power Solutions (CAPS) Australia has secured a supply contract from Woodside Petroleum to provide an air compressor package for the new $5bn North Rankin B...

Oxy Qatar, Qatar Petroleum to develop ISND Field
16 July 2013 Occidental Petroleum of Qatar (Oxy Qatar), a subsidiary of the US-based Occidental Petroleum, and state-owned Qatar Petroleum have signed an agreement to further develop the Idd El Shargi...

Europa begins 3D seismic programme in South Porcupine Basin
16 July 2013 UK-based oil and gas explorer, Europa Oil & Gas, has started a 3D seismic acquisition programme in the South Porcupine Basin, offshore of...

Today's oil prices slide on Chinese demand concerns
16 July 2013 Oil prices dropped today, on apprehensions over negative demand growth from China; however, predictions of a third straight drop in weekly US crude inventories restricted any further fall in...

EMAS AMC secures Statoil’s floating storage units contract in the North Sea
15 July 2013 EMAS AMC, the subsea services division of offshore contractor EMAS, has secured a contract worth $126m for the transport and installation of floating storage units (FSUs) for Statoil's Heidrun...

Today’s oil prices positive as China’s economic growth meets expectation
15 July 2013 Oil prices managed to post a marginal rise today as concerns about demand growth eased after China released its data, which showed that the country's economy expanded in line with...

GE Power Conversion to supply power and propulsion systems for six LNG carriers in China
15 July 2013 GE Power Conversion has signed several agreements with Hudong-Zhonghua Shipbuilding Group to supply power and dual-fuel diesel-electric (DFDE) propulsion systems for six electrically...

Today’s Brent crude remains steady; demand concern in China caps gain
12 July 2013 Brent crude steadied today, as yesterday's gains were reined back by the prospect of additional supply from the non-Organization of the Petroleum Exporting Countries (OPEC) producers and...

IHC Merwede to supply offloading system packages for five FPSO vessels in Brazil
12 July 2013 Netherlands-based manufacturer of dredging vessels, IHC Merwede, has signed two new engineering, procurement and construction (EPC) contracts with Japanese general contractor MODEC and...

KrisEnergy drills Tayum-1 exploration well offshore Kalimantan in Indonesia
12 July 2013 Singapore-based upstream oil and gas producer KrisEnergy has completed drilling of the Tayum-1 exploration well in the Kutai production sharing contract (PSC) offshore Kalimantan, in the...

Offshore drilling services market to reach $121.1bn by 2018, says report
11 July 2013 The offshore drilling services market is expected to grow from $73.1bn in 2013 to $121.1bn by 2018, growing at a compounded annual growth rate (CAGR) of 10.6%, according to a new report...

Wison secures contract to build 3,000hp modular drilling rig in Gulf of Mexico
11 July 2013 Wison Offshore & Marine, the upstream oil and gas division of the Wison Group, has secured a contract from China Oilfield Services (COSL) to construct a new 3,000hp modular drilling...

Today’s Brent price steady as dollar drops on Federal Reserve stimulus hopes
11 July 2013 Brent crude rose to a three-month high today amid expectations that the US Federal Reserve will continue with its stimulus programme for the time being, a sharp plummet in oil inventories...

Today’s Brent crude falls after worries of slow economic revival in China
10 July 2013 Apprehensions about slow economic recovery in China have led to a marginal decline in Brent crude price, while data showing an unprecedented drop in crude oil stocks pushed up the US crude...

Ship Shoal 225 B-2 well blowout leaks natural gas and condensate in Gulf of Mexico
10 July 2013 A non-producing Talos Energy well in the Gulf of Mexico suffered a blowout on Tuesday, resulting in leakage of natural gas and condensate that has caused a sheen on the sea's...

ABB secures offshore automation contract in the North Sea
10 July 2013 Switzerland-based power and automation technology group ABB has secured a contract from Statoil to upgrade safety and automation systems at the Heimdal platform in the North Sea, off the coast...

Oil spill from offshore rigs still happening on North Sea, warns Greenpeace
09 July 2013 Non-governmental environmental organisation Greenpeace has warned that oil and chemicals have been leaking from UK's offshore rigs and platforms into the North...

BP appeals to US court against inflated Deepwater Horizon spill claims
09 July 2013 BP has appealed to a US court on Monday to stop 'fictitious' compensation claims stemming from the Gulf of Mexico oil spill in 2010, which killed 11 people and caused the worst...

Today’s oil prices decline as Middle East supply concerns ease
09 July 2013 Oil prices have dropped today after investors achieved profits following a recent sharp rise to a three-month peak, while supply concerns easing in the Middle East also pulled prices...

Today’s oil prices rise on Egypt turmoil, supply concerns
08 July 2013 After an intial price increase due to supply concerns over the continuing conflict in Egypt, oil prices slipped today as the US dollar continued to...

UK commemorates Piper Alpha disaster 25 anniversary, safety still a priority
08 July 2013 The 25th anniversary of the Piper Alpha disaster, in which 167 men died, was remembered by survivors, victim's family members and government representatives at the Memorial Garden in...

Rolls-Royce wins offshore vessels design contract from Asgaard in Brazil
08 July 2013 UK-based power systems developer Rolls-Royce has signed a contract worth £11m to design and deliver equipment to two offshore vessels for Brazilian ship owner, Asgaard...

Keppel FELS secures rig order from PV Drilling Overseas
05 July 2013 Keppel FELS, a subsidiary of Singapore-based Keppel Offshore & Marine, has secured an order worth $210m for a class B jackup rig from Vietnam-based PV Drilling Overseas...

Brent crude steady ahead of US jobs data
05 July 2013 Brent crude was steady today and on track for its strongest weekly gain in a month, prior to the release of US jobs data which is expected to boost confidence in economic revival for the...

Sounds of explosions haunt Piper Alpha survivors 25 years on
05 July 2013 Survivors of the Piper Alpha disaster that happened on the night of 6 July 1988 still can't forget the horrible sounds of the four major blasts, the outbreak of gas and crude oil pipelines and...

Aker Solutions secures contract for UK North Sea
04 July 2013 Norway-based oil services provider Aker Solutions has secured a contract worth up to NOK2.7bn ($440m), its largest subsea contract in the UK, to provide 25 subsea trees and six template...

Today's Brent drops as worries ease after Egyptian President ousted
04 July 2013 Brent crude prices were hit today, as concerns over supply disruption from the Middle East eased after the Egyptian Army forced the country's president to step...

Improvement in safety visible since Piper Alpha, says energy minister
04 July 2013 UK Energy Minister Michael Fallon has said the offshore industry is working to ensure safety since the Piper Alpha accident; however, there are more challenges that need to be tackled...

Today's oil prices climb on Middle East concerns, US crude inventory drop
03 July 2013 Oil prices gained today after crude inventories in the US dropped sharply, while geopolitical tensions in the Middle East also supported a...

Shell plans floating liquefied natural gas plants after Prelude
03 July 2013 Royal Dutch Shell is planning more floating liquefied natural gas (FLNG) plants after the completion of its Prelude project, which is currently under construction in Western...

Maran Gas takes delivery of carrier Woodside Rogers
03 July 2013 Maran Gas Maritime, the gas shipping unit of Angelicoussis Shipping Group, has taken delivery of its first electrical liquefied natural gas (LNG) carrier, 'The Woodside Rogers', featuring...

Stellar Recruitment releases salary guide for oil and gas industry
02 July 2013 Industry analyst Stellar Recruitment has released its Salary Guide 2013-14, which includes predictions and salary ranges in the mining, construction, oil and gas industries, particularly in the...

Today's oil prices jump as supply worries rise in Middle East, Africa
02 July 2013 Oil prices gained today due to worries arising from a possible supply disruptions in the Middle East and...

Statoil discovers oil in Nunatak prospect in Barents Sea
02 July 2013 Statoil, along with its partners Eni Norge and Petoro, has discovered gas in the Nunatak prospect in the PL532 block of the Barents...

US House passes bill for gas drilling in Atlantic, Pacific Oceans
01 July 2013 The US House has passed a bill to expand oil and natural gas drilling operations in the Atlantic and Pacific...

Oil prices drop on China's weak manufacturing data
01 July 2013 Oil prices slipped today after China published weak factory data, which reinforced worries about slower growth in the world's second-largest economy, thereby lowering the outlook for oil...

Global deepwater spending to touch $114bn by 2022
01 July 2013 Drilling exploration and spending in deepwater oil and natural gas regions across the world is expected to touch $114bn in the next decade from $43bn in 2012, according to a new report, 'The...

June 2013

Top

Petrobras subsidiary selects Honeywell technology to process natural gas
28 June 2013 PNBV, a subsidiary of Brazil-based oil and gas explorer Petrobras, has selected Honeywell company UOP's Separex process technology to clean natural gas aboard four new floating production,...

Today's oil prices rise, on speculation and stimulus continuity by Fed
28 June 2013 Oil prices continued their rise today, following statements from US Federal Reserve governors that the Fed is unlikely to roll back its bond-buying programme in the near...

Oil & Gas UK reports growth in core offshore workforce
28 June 2013 Oil & Gas UK, the British oil and gas industry representative body, in its '2013 Offshore Demographics Report', said that the country's core offshore workforce has increased to 25,760 in...

Rixo Trading did not distort Platts’ fuel oil price assessments
27 June 2013 US-based global commodities information provider, Platts, has published a report to show that its European fuel oil price assessments have not been distorted by information provided...

Today's oil prices rise as US stimulus concerns ease on weak data
27 June 2013 Oil prices got some relief today as weak US economic data weakened apprehensions that the US Federal Reserve will soon roll back its monetary stimulus...

Saipem secures $3bn contract for Egina field, offshore Nigeria
27 June 2013 A subsidiary of Italian oil giant Eni, Saipem has secured an engineering, procurement, commissioning and installation (EPCI) contract, worth about $3bn, from Total Upstream Nigeria for the...

ConocoPhillips awards North Sea contract extension to Wood Group
26 June 2013 UK-based oil and gas services provider Wood Group PSN (WGPSN) has secured a £40m ($60m) one-year contract extension for one of its longest running projects in the North Sea from crude oil...

Today's oil price: fall continues as US data supports Federal stimulus plan
26 June 2013 Oil prices continued to decline today after the US released firm economic data, which backed the Federal Reserve's plan to roll back its stimulus by the end of...

DONG Energy secures oil and gas blocks, offshore Faroe Islands
26 June 2013 Denmark-based petroleum and natural gas producer DONG Energy's oil and gas business, DONG E&P has been awarded six new oil and gas blocks in two licences, offshore of the Faroe Islands, as part...

Sinopec to buy stake in Marathon Oil's offshore field in Angola
25 June 2013 China Petrochemical's (Sinopec) subsidiary Sonangal Sinopec International has agreed to acquire a ten percent stake in US-based Marathon Oil's offshore field in Block 31 in Angola for...

Today's oil prices fall on demand concerns in US, China
25 June 2013 Oil prices have dipped again due to apprehensions about a liquidity crunch in the US and China, while the US Federal Reserve's announcement that it will roll back its stimulus programme has...

NPCC secures engineering, construction contract for Umm Lulu field
25 June 2013 UAE-based National Petroleum Construction Company (NPCC) has secured an engineering, procurement and construction (EPC) contract worth about $766m from Abu Dhabi Marine Operating...

Today's oil prices slide on demand concerns and strong dollar
24 June 2013 Oil prices declined today due to a firm dollar and worries about demand from the world's top two oil consumers, the US and...

Statoil finds oil in Flemish Pass Basin, offshore Newfoundland
24 June 2013 Statoil has discovered light and high-quality oil in the Flemish Pass Basin in Newfoundland, offshore of Canada, while drilling the Harpoon prospect (EL...

CHC Helicopter secures flight service contract from Centrica
24 June 2013 Canada's CHC Helicopter has received a three-year contract worth £29m from Centrica Energy and Centrica Storage, to provide an improved helicopter service to meet its operational needs across...

GE to provide aeroderivative gas turbines for FPSO platform
21 June 2013 US-based General Electric (GE) has signed an agreement with Japan-based general contractor Mitsui Ocean Development and Engineering (MODEC) to supply four LM2500+G4 aeroderivative gas...

BP seeks compensation for KG-D17 block, offshore India
21 June 2013 BP is seeking compensation from the Indian Petroleum Ministry for the 1,949km² Krishna Godavari basin (KG-D17) block after it was forced to halt work due to restrictions imposed by the...

Today's Brent crude steady as investors start buying; US Federal plan caps rise
21 June 2013 Brent crude was steady today, after investors started buying following the previous session's sharp drop; however, worries sparked by the US Federal Reserve's plans to roll back stimulus...

RepRisk analyses controversies of firms engaged in Arctic drilling
20 June 2013 A new report by business intelligence provider RepRisk has analysed controversies related to operations by Royal Dutch Shell, Cairn Energy, Gazprom, Exxon Mobil and Statoil and their proposed...

DONG Energy cuts first steel for Hejre field's new platform
20 June 2013 Denmark-based petroleum and natural gas producer DONG Energy has announced the cutting of first steel for a new 15,000t production platform, for the Hejre oil and gas field in the central part...

Today's oil prices plunge on sluggish China data, Federal Reserve's stimulus plan
20 June 2013 Oil prices declined today after China released weak manufacturing data, further worrying investors who were already concerned after the US Federal Reserve announced it will roll back its...

DNV introduces training courses for offshore safety representatives
19 June 2013 Norway-based risk management and sustainability services provider Det Norske Veritas (DNV) has launched new training courses in offshore safety, with the aim of reducing the risk of accidents...

Today's oil prices gain as investors show optimism on Fed Reserve meeting
19 June 2013 Oil prices increased today as investors looked to the US Federal Reserve meeting to get a clearer picture on the outlook of the US stimulus programme that has supported commodity...

Chevron subsidiary begins LNG production at Angola plant
19 June 2013 Cabinda Gulf Oil, a subsidiary of Chevron, has commenced production of liquefied natural gas (LNG) at the $10bn LNG project in Angola,...

Job loss deters offshore workers to speak out on North Sea oil platforms safety
18 June 2013 Safety on North Sea oil platforms is being compromised because oil workers are scared to speak out about negligence for fear of being sacked, attendees of a Pipa Alpha anniversary conference...

Today's oil prices steady as investors remain cautious
18 June 2013 Oil prices remained steady today as investors remained apprehensive about the outcome of the US Federal Reserve...

Lundin Norway begins drilling development well at Brynhild
18 June 2013 Lundin Norway, a subsidiary of Lundin Petroleum, has started drilling the first development well on the Brynhild field, in the PL148 license in the North...

Today's oil prices steadied despite US stockpiles, weak global demand
17 June 2013 Oil prices steadied today, as concerns over increasing US inventories and weak global demand predictions were counteracted by supply concerns tied to Middle East...

Statoil completes drilling of appraisal well at Johan Sverdrup
17 June 2013 Statoil and its PL265 partners has completed drilling of an appraisal well in the western part of the Johan Sverdrup field in the North...

Centrica secures 50% operating interest in Scarecrow licence
17 June 2013 Centrica Energy Norway has secured a 50% operating share in block 719 of the Scarecrow licence in the Barents Sea, as part of the Norwegian Government's 22nd round on the Norwegian...

Oil & Gas UK reports improvement in offshore workforce safety
14 June 2013 Oil & Gas UK, the British oil and gas industry representative body, has said the oil and gas industry's emphasis on continuous improvement has helped increase safety for the offshore...

Today's Brent crude slips on excess US stockpiles, weak global prospect
14 June 2013 Brent crude prices declined today after coming under pressure from excess US inventories and a weak global demand...

Atlantic Offshore orders field support vessel from Zamakona Yards
14 June 2013 Norway-based vessel operator Atlantic Offshore has placed an order for a new field support vessel (FSV), worth around €25m, with Zamakona Yards, a Spainish shipbuilding company, as part of its...

Inpex secures exploration permit for WA-494-P block in Australia
13 June 2013 Japan-based natural gas explorer Inpex has secured an exploration and development permit for the WA-494-P block at the Australian Offshore Petroleum Acreage Release 2012, through its...

Today's oil prices drop on demand worries; weak dollar caps fall
13 June 2013 Oil prices declined today due to concerns about demand, as gasoline stocks in the US have increased even in the ongoing summer driving season, while a weak dollar helped to cap any further...

US House committee approves bill to expand offshore drilling
13 June 2013 A US House of Representatives committee has approved a new energy bill that's expected to widen the country's offshore oil and natural gas...

EU Parliament adopts oil and gas safety operations directive
12 June 2013 The European Union (EU) Parliament has approved a new offshore oil and gas operations safety directive, aimed at reducing the occurrence of major accidents related to offshore oil and gas...

Today's oil prices steadied due to rally in global stockmarkets
12 June 2013 Oil prices steadied today, upheld by a rally in global stockmarkets which held off a possible fall due to an unprecedented spurt in oil inventories in the US and reductions in global demand...

Wood Group PSN secures life of field contract for Beatrice field
12 June 2013 Wood Group PSN (WGPSN), a UK-based brownfield services provider to the oil and gas industry, has received a life of field contract in the North Sea from Ithaca...

Today's oil prices drop on increasing supply, slowdown in China
11 June 2013 Oil prices declined today after the US announced its shale oil reserves have nearly doubled, while prices also came under pressure due to the possibility of a slowdown in Chinese...

DECC launches independent review of UK continental shelf
11 June 2013 The Department of Energy and Climate Change (DECC) has launched an independent review of the UK Continental Shelf (UKCS) to maximise the economic benefits of offshore oil and gas production...

NLI Solutions introduces large volume LNG Bunker Barge concept
11 June 2013 Norway-based offshore oil and gas engineering specialist, NLI Solutions (NLI), has developed a concept for a liquefied natural gas (LNG) Bunker Barge, based on the NLI LNG tank...

Oil prices rise on US jobs data, Federal stimulus hopes
10 June 2013 Oil prices dropped today, after poor data from China dampened the outlook for oil demand, eclipsing positive data from the US, which showed that hiring has improved in the...

Qatar Petroleum signs rig extension deal with Gulf Drilling International
10 June 2013 Qatar's state-owned petroleum company, Qatar Petroleum (QP), has signed two contracts worth QAR1.7bn ($467m) to use Gulf Drilling International's (GDI) two drilling rigs for its offshore oil...

Nasa's fibre-optic monitoring technology improves platform safety
10 June 2013 New fibre-optic technology, jointly developed by Nasa with Astro Technology (ATI), has successfully decreased the risk of spills on two oil platforms off the coast of West Africa,...

CNOOC teams with Eykon Energy to explore Arctic oil and gas
07 June 2013 China National Offshore Oil (CNOOC) has teamed up with Eykon Energy to apply for a license to explore and produce oil and gas in Arctic waters, offshore...

Today’s oil prices gain on drop in dollar, US economic stimulus hopes
07 June 2013 Oil prices increased today, driven by a drop in the dollar and on hopes that the US Federal Reserve's economic stimulus will be...

Lundin Norway completes drilling of appraisal well at Johan Sverdrup
07 June 2013 Lundin Norway has completed drilling of appraisal well 16/2-21, located in PL501, at the Johan Sverdrup discovery in the North...

US Coast Guard, BSEE to regulate mobile offshore drilling units
06 June 2013 The US Bureau of Safety and Environmental Enforcement (BSEE) and the US Coast Guard have announced they will be joining hands to effectively regulate mobile offshore drilling units (MODU) on...

Today's oil prices jump on Federal stimulus doubts, drop in US stockpiles
06 June 2013 Oil prices steadied today as concerns that the US Federal Reserve might retract from its stimulus programme balanced the optimism rising from a surprise fall in oil stockpiles in the world's...

Ireland approves seismic survey to determine Atlantic prospects
06 June 2013 The Irish Government has decided to undertake a seismic survey of the country's Atlantic coast, in order to attract oil and gas exploration...

Keppel Offshore & Marine secures drilling rig contract in Azerbaijan
05 June 2013 Singapore-based Keppel Offshore & Marine has secured a contract worth about $800m from a subsidary of the State Oil Company of Azerbaijan Republic (SOCAR) to construct a semisubmersible drilling...

Mediterranean Oil & Gas to explore Area 3 Blocks, offshore Malta
05 June 2013 UK-based Mediterranean Oil & Gas (MOG) has signed a deal with Transunion Petroleum and Nautical Petroleum, to partner with Cairn in the exploration of Area 3 Blocks 1, 2 and 3, offshore of...

Today's Brent steady on fall in US stocks, South Korea's incentive boost
05 June 2013 Brent crude rose today, mainly driven by a revival in outlook for demand after South Korea encouraged incentives for non-Middle East oil...

Today's oil prices drop on dim US data; Federal Reserve expectations cap fall
04 June 2013 Oil prices declined today, as feeble manufacturing data from the US sparked concerns about demand growth in the world's biggest oil consumer, while expectations that the US Federal...

HRT subsidiary drills Murombe-1 well in Walvis basin, Namibia
04 June 2013 HRT Walvis Petroleum (HRT Walvis), a wholly-owned subsidiary of Brazil-based oil and gas company HRT Participações em Petróleo, has commenced drilling at the Murombe-1 well on the Murombe...

TAQA buys BP's North Sea oil and gas assets
04 June 2013 Abu Dhabi's National Energy Company PJSC (TAQA) has acquired oil and gas assets in the North Sea from UK-based multinational energy firm...

Statoil plans to develop Delta 2 field in North Sea
03 June 2013 Statoil, with its partners, has submitted a plan to the country's petroleum and energy ministry for the development and operation (PDO) of the Delta 2 field in the North Sea, at an estimated...

Sembcorp Marine unit secures jack-up drilling rig contract
03 June 2013 PPL Shipyard, a subsidiary of Singapore-based marine and offshore engineering firm Sembcorp Marine, has received a contract worth $220.5m from BOT Lease, to build a jack-up drilling...

Today's oil prices slide on disappointing China data
03 June 2013 Oil prices declined today on worries over the outlook for demand, after China released disappointing factory data pointing to slowing...

May 2013

Top

US's BSEE to launch ocean energy safety institute
31 May 2013 The US Bureau of Safety and Environmental Enforcement (BSEE) is taking steps to launch an independent Ocean Energy Safety Institute, to improve safe and responsible operations across the...

GDF SUEZ E&P sells stake in Austen oil field to E.ON
31 May 2013 UK-based oil and gas exploration company GDF SUEZ E&P UK has agreed to sell 25% interest in the Austen oil field in the Central North Sea to E.ON E&P...

Today's oil prices rise on soft dollar; US crude stockpile caps gain
31 May 2013 Oil prices rose today after the strength of the dollar weakened, on expectations that the US Federal Reserve will continue with its stimulus measures, balancing demand concerns rising from...

Diamond Offshore awards submersible drilling rig contract to HHI
30 May 2013 US-based contract drilling services provider Diamond Offshore Drilling has awarded a contract worth about $755m to Hyundai Heavy Industries (HHI), to build a new Moss CS60E-design harsh...

Statoil finds oil at North Sea's Grane field
30 May 2013 Norway's multinational oil and gas company Statoil, along with its partners, has discovered oil in an area surrounding the Grane field in the North...

Today's Brent crude rises as dollar drops
30 May 2013 Brent crude rose today and regained its position from its biggest fall in almost a month the day before, after a drop in the dollar as the Federal Reserve is likely to maintain stimulus...

Sembcorp Marine unit wins jack-up rig contract from Noble
29 May 2013 Jurong Shipyard, a subsidiary of Sembcorp Marine, has won a $596m contract from Noble to build an ultra-high specification jack-up rig for deployment in the UK sector of the North...

Today's Brent price steady on US housing data, supply concerns
29 May 2013 Brent crude was steady today on positive housing and consumer confidence data from the US, raising expectations of improved demand from the world's top oil...

Dana Petroleum lays keel for Western Isles project
29 May 2013 UK-based oil and gas exploration and production company Dana Petroleum has completed keel laying for the floating, storage, production and offloading vessel (FPSO) for the Western Isles project...

AWE completes drilling, testing at Indonesia's Lengo-2 appraisal well
28 May 2013 Australia-based upstream oil and gas company AWE has completed drilling and testing at the Lengo-2 gas appraisal well, in the Bulu production sharing contract (PSC) offshore of East Java,...

Today's oil prices drop as demand prospect weakens
28 May 2013 Oil prices declined today over expectations about the global economy and excess supply, while investors anticipate the start of the summer driving season in the US will boost...

Reliance and partners discover gas at KG D6 block
28 May 2013 India-based Reliance Industries, along with its partners BP and NIKO, has discovered gas and condensate during the drilling of the KGD6-MJ1 well on the KG D6 block, located off the eastern coast...

Today's oil prices drop on worries over excess supply, slow recovery
24 May 2013 Oil prices decreased today and are expected to witness their biggest weekly loss in five weeks, over apprehensions that excess supply and a sluggish global economic recovery will pull down...

Brazil to auction oil and gas blocks in October
24 May 2013 The Brazilian Government will hold an auction to sell blocks in some of its most promising offshore oil and natural gas blocks in October, one month earlier than...

UK's oil and gas activity draws record revenue in 2012
24 May 2013 Oil & Gas UK, the trade body for the UK offshore oil and gas industry, said in its newly released report that companies delivering drilling, completion, testing and maintenance for oil and...

US senators introduce bill to lift ban on drilling in Virginia
23 May 2013 US Democratic Senators Mark Warner and Tim Kaine have introduced a new bill to lift the federal moratorium on natural oil and gas exploration and drilling off the coast of...

Russian firms lack experience and safety record says Greenpeace report
23 May 2013 Russian energy giants have poor environmental and safety records, lack transparency and experience in offshore drilling, and are dependent on a Kremlin power struggle over energy policy,...

Today's oil prices plunge over dismal China data, firm dollar
23 May 2013 Oil prices decreased today after China released fresh data, which painted a gloomy picture of the country's strength of recovery, while a firm dollar also added additional pressure on...

Talisman Energy produces oil from HST/HSD development, Vietnam
22 May 2013 Canada-based energy firm Talisman Energy has started oil production from its Hai Su Trang and Hai Su Den (HST/HSD) development, offshore of...

EU Parliament approves stringent oil and gas drilling legislation
22 May 2013 The European Union (EU) Parliament has approved a new directive on the safety of offshore oil and gas...

Oil prices slide over gasoline stockpiles, summer demand concerns in US
22 May 2013 Oil prices plunged today, following data which showed that gasoline stockpiles increased suddenly in the US, and on concerns that peak summer demand in the world's top oil consumer may not...

Santos begins oil production from Fletcher Finucane, Australia
21 May 2013 Santos has commenced oil production from the Fletcher Finucane project in the Carnarvon Basin offshore of Western Australia, ahead of...

Today's oil prices positive as supply concerns rise over Middle East tensions
21 May 2013 Oil prices remained positive today, mainly due to supply concerns rising from escalating tensions in the Middle East, while balanced apprehensions about moderating demand growth kept prices...

European Parliament members support offshore oil platform safety regulations
21 May 2013 Members of the European Parliament (MEPs) have supported new regulations to improve the safety of offshore oil and gas platforms, in spite of criticism from Green...

Today's Brent crude steady over positive economic data, strong equity markets
20 May 2013 Brent crude was steady today, boosted by optimistic economic data and strong equity markets, while prices were still under pressure due to a moderate outlook for demand and excess...

Senator recommends US Government join EU oil price investigation
20 May 2013 Senate Energy and Natural Resources Committee Chairman Ron Wyden has recommended that the Justice Department take part in a European Union (EU)-launched probe in relation to oil price...

Statoil wins oil and gas blocks offshore Brazil
20 May 2013 Statoil announced that it has secured six oil and gas licences in Brazil's 11th licensing round, reinforcing its position in the Espirito Santo...

BP to seek British PM intervention as Gulf spill costs spiral
17 May 2013 UK-based energy firm BP is said to be considering asking UK Prime Minister David Cameron to intervene over the spiralling cost of compensation that US companies are demanding, in connection to...

Statoil acquires BP's offshore exploration licences in Australia
17 May 2013 Statoil has signed a farm-in agreement with BP to buy a 30% equity interest in four exploration licences offshore of South...

Today's oil prices slide over demand growth concerns, firm dollar
17 May 2013 Oil prices dipped today after the US released disappointing data, which sparked fresh concerns over demand growth. Prices also came under pressure due to a firm...

Noble secures jackup rig contract for Statoil's Mariner oil field
16 May 2013 Switzerland-based Noble has secured a drilling contract from Statoil for a newbuild ultra-high specification jackup rig for the Mariner field in the UK sector of the North...

BP secures deepwater exploration blocks in bidding round in Brazil
16 May 2013 UK-based BP, along with its partners Total, Petrobras and Petrogal, has secured exploration rights for eight deepwater blocks offshore of Brazil, in the Brazilian National Petroleum...

Today's oil prices slide on weak factory data; US stockpile drop caps further fall
16 May 2013 Oil prices fell today after data showed that US factory production had dropped unexpectedly, reducing the outlook for demand; however, a surprise reduction in US crude stockpiles helped...

European Commission raids BP, Shell offices in price fixing probe
15 May 2013 Investigators from the European Commission (EC) carried out raids at BP's offices in Canary Wharf and Shell's offices in central London and Rotterdam on Tuesday, as part of a probe into...

BP to commence proposed deepwater drilling in Australia in 2015-2016
15 May 2013 UK-based BP has announced it is planning to begin deepwater drilling off southern Australia in late 2015 or early 2016 and will obtain a drilling rig by the end of...

Today’s oil prices rise as US dollar shrinks; supply outlook caps further rise
15 May 2013 Oil prices slipped today, due to concerns about increasing supplies from the US and a weak outlook for global demand...

Canada to control Arctic Council; aboriginals demand moratorium on energy
14 May 2013 Leaders from the eight circumpolar nations will meet on Wednesday and hand chairmanship of the Arctic Council to Canada. The meeting comes after a growing number of Arctic aboriginals demanded...

Karoon Gas Australia expands Bilby-1 discovery, offshore of Brazil
14 May 2013 Karoon Gas Australia revealed that it has expanded the Bilby-1 oil discovery, offshore of Brazil, with a proven oil column of 320...

Today’s oil prices jump as US retail sales pick up, stockpiles continue
14 May 2013 Oil prices gained today after retail sales in the US unexpectedly increased, raising hopes of a revival in demand growth, while the rise in stockpiles in the world's largest oil consumer failed...

Today’s oil prices slide on firm dollar, demand growth concerns
13 May 2013 Oil prices decreased today as the dollar remained strong and fresh concerns were raised over a slowdown in demand growth in the US, which added further pressure on...

Kongsberg to supply vessel simulators for training centre in Nigeria
13 May 2013 Norway-based technology company Kongsberg Maritime has secured a multimillion dollar contract from PEM Offshore to deliver a full suite of offshore vessel...

Statoil approves Julia field development in Gulf of Mexico
13 May 2013 Multinational oil and gas majors Statoil and ExxonMobil have decided to approve the development of the Julia field in the Gulf of...

Today's Brent crude falls; stays above $104 as US data supports demand
10 May 2013 Brent crude slipped today, but managed to stay just above $104 a barrel, as robust signs of revival from the US and continuing uncertainties concerning the Chinese economy gave mixed signals...

Shell to drill deepest offshore well in Gulf of Mexico
10 May 2013 Royal Dutch Shell announced that it has decided to proceed with its plan to develop the world's deepest production facility, the Stones ultra-deepwater project, in the Gulf of...

PETRONAS to buy offshore blocks in Campos Basin, Brazil
10 May 2013 PETRONAS Brasil, a subsidiary of Malaysian oil and gas company Petroliam Nasional Berhad (PETRONAS), has signed an agreement with OGX Petroleo e Gas (OGX) to buy its interest in two offshore...

Today's Brent crude surges, as positive global data raises demand expectations
09 May 2013 Brent crude jumped today after global positive data revived expectations of a rise in demand growth, while fears that an excess supply can put pressure on prices were also...

Petrobras finds oil in Santos Basin, offshore Brazil
09 May 2013 Brazil's state-run oil company, Petroleo Brasileiro (Petrobras), has discovered oil in a subsalt area of the Santos Basin, offshore of Brazil, it was revealed in a securities filing by the...

Boskalis wins installation contract for Shell's Malampaya Project
09 May 2013 Netherlands-based maritime infrastructure company Royal BoskalisWestminster has secured an offshore depletion compression platform installation contract for Shell Philippines...

US coastal governors favour more drilling to boost economy
08 May 2013 Governors of coastal states in the US have voiced their support for more offshore drilling and said they want to benefit from the economic advantages it...

Today's Brent crude steady; China crude imports cap further fall
08 May 2013 Brent crude remained steady today after data showed that crude imports by China increased in April; however, apprehension over the weak global demand kept a lid on any...

Lundin Norway begins drilling appraisal well at Johan Sverdrup discovery
08 May 2013 Lundin Norway, a wholly-owned subsidiary of Lundin Petroleum, has started drilling of appraisal well 16/2-21 in the North Sea sector of the Norwegian Continental Shelf...

Today's oil prices slip as investors start selling; supply concerns cap further losses
07 May 2013 Oil prices fell today as investors took the recent rise in prices as a chance to sell and make profits, while worries of escalating tensions in the Middle East capped further...

PETRONAS drills Cendor Graben-2 well, offshore Peninsula Malaysia
07 May 2013 PETRONAS announced that it has completed drilling of the Cendor Graben-2 appraisal well within Block PM304, offshore of the Peninsula...

Regulations, operating costs impede US oil and gas operators, says study
07 May 2013 Strict post-Macondo regulations have impeded US oil and gas operators' appetites to take risks and left them worried about rising operating costs, according to a new research report released by...

GDF SUEZ cuts first steel on jackets for Cygnus field
03 May 2013 GDF SUEZ E&P UK, along with its partners Centrica Energy and Bayerngas, has cut the first steel for construction of the jackets on the Cygnus gas field project in the North...

Today's Brent crude remains steady; ECB rate cut supports price
03 May 2013 Brent crude prices remained steady today, after the European Central Bank (ECB) announced an interest rate cut that encouraged investors' appetites for riskier...

BG Group completes drill stem test in Block 1, offshore Tanzania
03 May 2013 UK-based multinational oil and gas company BG Group has said that it has completed a drill stem test in Block 1, offshore of...

First oil flows from Apache's Tonto field in North Sea
02 May 2013 US-based oil and gas exploration company Apache has announced that its Tonto oil field, in the UK sector of the North Sea, has started its first oil...

Today's Brent steady; unstable global economy hits price
02 May 2013 Brent crude was steady today, after two-weeks of lows, while increasing concerns about weak economies in the US and China reduced the outlook for oil...

Lebanon opens first offshore oil and gas licensing round
02 May 2013 The Lebanese Government opened the first oil and gas licensing round for offshore drilling and exploration in the east Mediterranean on 30...

Today's oil prices slip over negative China data; supply worries
01 May 2013 Oil prices continued to decline today as investors showed concerns about growth outlook in the US and China, while US oil stocks increased by more than...

Hertel Offshore to build living quarters for Aasta Hansteen platform
01 May 2013 Hertel Offshore has secured a €70m ($91m) contract from Hyundai Heavy Industries (HHI) for the engineering, design and construction (EPC) of living quarters for Statoil's Aasta Hansteen platform...

Mojix secures RFID contract for Clair Ridge oil platform
01 May 2013 Mojix has secured a contract from BP to provide track-and-trace technology for the Clair Ridge oil platform development in the North Sea, off the coast of...

April 2013

Top

Norway petroleum body orders BP safety review after North Sea leak
30 April 2013 The Petroleum Safety Authority Norway (PSA) has revealed that during an investigation into the hydrocarbon leak on BP's Ula oil field in the North Sea, it identified serious breaches of...

Today's oil prices slip over poor demand outlook; head for worst month
30 April 2013 Oil prices again declined today, due to the dull global demand outlook; however, any further declines were restricted on the expectation that global stimulus measures will boost oil...

BP's first quarter earnings grow despite Deepwater payments
30 April 2013 BP has reported that its 2013 first quarter earnings have jumped to $4.2bn, compared to $3.9bn in the previous quarter, but fallen from $4.7bn in the same quarter last...

MHI secures contract for Norwegian seismic data acquisition vessels
29 April 2013 Mitsubishi Heavy Industries (MHI) has secured a contract from Petroleum Geo-Services ASA (PGS) to deliver two vessels capable of three-dimensional (3D) seismic data acquisition for sea...

New Zealand opens large area for oil and gas exploration
29 April 2013 New Zealand's Government has opened up vast offshore and onshore areas for the second time to attract competing bids for oil and gas exploration...

Today's oil prices decline on uncertain global economic outlook
29 April 2013 Oil prices slipped today due to investors concern about the gloomy outlook for growth in the world's two largest oil consumers, the US and...

Halliburton uses multizone completion technology in Gulf of Mexico
26 April 2013 US-based Halliburton used an Enhanced Single-Trip Multizone (ESTMZ) FracPac System to complete three wells in deepwater of the Gulf of...

Today's oil prices drop over moderate demand outlook in US, China
26 April 2013 Oil prices declined today as investors were apprehensive about the moderate demand outlook in the world's top two largest oil consumers, the United States and...

TAQA secures UK approval for Cladhan field development
26 April 2013 Abu Dhabi National Energy (TAQA) has announced that its development plan for Blocks 210/29a and 210/30a in the Cladhan field, in the northern North Sea, have been approved by the UK...

Chevron subsidiary discovers gas in Elfin-1 exploration well
25 April 2013 Chevron has anounced that its subsidiary has discovered gas in the Elfin-1 exploration discovery well in the Exmouth Plateau area, located in the Carnarvon Basin, offshore of...

Today's oil prices jump on positive demand expectation in US
25 April 2013 Oil prices increased today following a sharp decline in US gasoline stocks. Prices also got support from expectations that demand will rise ahead of the summer driving season in the world's top...

US announces sale of 21m acres of oil and gas, offshore Texas
25 April 2013 The US Department of the Interior has announced it will offer more than 21 million acres at a lease sale for oil and gas exploration and development, offshore of...

Today's oil prices rise; weak economic outlook limits gain
24 April 2013 Oil prices got a boost today, driven by panic that the Organization of the Petroleum Exporting Countries (OPEC) is likely to reduce oil supplies if prices plunge further. However, data from...

Dana Gas secures interest in North El Arish block, offshore Egypt
24 April 2013 Dana Gas has secured a 100% working interest in the North El Arish (Block 6) concession area, located offshore of the Nile Delta,...

Saipem secures $500m worth E&C contracts in Latin America
24 April 2013 Italian engineering services provider Saipem has received new engineering and construction (E&C) offshore contracts, worth a total value of $500m, in Latin...

Today's oil prices slip as Chinese manufacturing data declines
23 April 2013 Oil prices declined today after China released its manufacturing data that pointed to a slow recovery in the second quarter, indicating a weak outlook for fuel demand in the world's second...

BMT completes meteorological evaluation of Martin Linge field
23 April 2013 BMT ARGOSS has completed a comprehensive evaluation of meteorological and oceanographic environmental conditions at the Martin Linge field in the Norwegian sector of the northern North...

Norway gives nod to impact study for drilling around Arctic islands
23 April 2013 The Norwegian Government on 21 April gave the go-ahead for an impact study on an environmentally-sensitive area in the Arctic region, taking a step towards opening up the area for oil and...

Statoil makes oil discovery at Gullfaks in North Sea
22 April 2013 Norway-based oil and gas company Statoil, along with partner Petoro, has discovered proven additional resources in the Shetland Group / Lista Formation in the Gullfaks licence in the North...

Florida takes BP to court over Gulf spill expenses
22 April 2013 Florida has become the fourth American state to file a legal case against BP and cement contractor Halliburton in relation to the Deepwater Horizon disaster and the subsequent oil spill in...

Today's Brent crude falls on global economic concerns; low demand
22 April 2013 Brent prices declined today over apprehensions regarding the global economy and the impact that could have on fuel...

Europa acquires licence for South Porcupine basin, offshore Ireland
19 April 2013 Europa has signed a farm-in agreement with a subsidiary of Kosmos Energy to acquire its two Licencing Options, LO 11/7 and LO 11/8, in the South Porcupine Basin, offshore of...

Today's oil prices rise; excess US supply, low global demand caps growth
19 April 2013 Oil prices jumped today, after falling for six consecutive days; however, concerns related to higher crude output in the US and lower global demand put a cap on...

Chevron likely to restart production at Frade field, offshore Brazil
19 April 2013 Brazil's oil regulator ANP has said it anticipates Chevron will restart production from its Frade field, located off the coast of Rio de Janeiro, at about 20,000 barrels a...

Today's oil prices drop to record low as demand concerns worsen
18 April 2013 Oil prices slipped today to a nine-month low earlier in the session, as apprehensions over the outlook for demand became aggravated due to increasing US fuel...

Wärtsilä to deliver inert gas systems for floating storage unit
18 April 2013 Finnish marine solutions and services provider Wärtsilä has secured an order to deliver inert gas systems for Statoil's floating storage unit (FSU), which will be located on Heidrun offshore...

Prolonged winter slowed drilling in UK North Sea, says report
18 April 2013 The UK's prolonged winter subdued drilling activity and deals in the North Sea, after a robust finish to 2012, a report from American consulting firm Deloitte...

Proserv launches subsea research and development centre in Norway
17 April 2013 UK-based energy production technology services company Proserv has launched a global research and development (R&D) hub in Norway, to deliver its subsea innovations to the global...

Today's Brent crude rises on US Fed stimulus hope; demand concerns linger
17 April 2013 Brent crude prices soared today on expectations that the US Federal Reserve will continue with its monetary stimulus and after a recent steep drop attracted bargain...

Petronas selects Honeywell's acid gas removal technology for floating LNG project
17 April 2013 Honeywell has announced that its subsidiary, UOP, has secured a contract from Malaysia's Petroliam Nasional Berhad (Petronas), to deliver its acid gas removal technology for the world's...

Archer selects Streicher rig for drilling in North Sea
16 April 2013 Norway-based Archer has selected Streicher for its VDD 400.2 drilling rig to decommission and seal existing bore holes in the Norwegian part of the North...

Today's oil prices slip amid disorder in commodities market
16 April 2013 Oil prices dropped today amid confusion in the commodities market as investors made a rush to exit, following the release of weak data from China and the US which sparked apprehensions about...

Oil & Gas UK anticipates record rise in North Sea oil in 2013
16 April 2013 Offshore oil and gas industry association, Oil & Gas UK, has revealed that nearly 470 million barrels of oil and gas is expected to be extracted from the North Sea in 2013, which is a...

Eni secures production sharing contract in Timor Sea, Australia
15 April 2013 Italy-based energy company Eni has secured a production sharing contract (PSC) for an exploration area situated in the Timor Sea,...

Today's oil prices slip as weak data from China and US hurts demand prospects
15 April 2013 Oil prices dropped today after weak data from China and the US sparked concerns of a delay in economic growth in the world's two top oil...

Statoil awards Mariner platform drilling contract to Odfjell
15 April 2013 Statoil has awarded a drilling services contract to UK-based Odfjell Drilling for the Mariner oil field platform on the UK continental...

Fugro conducts survey in Orange Basin, offshore Africa
12 April 2013 Oil an gas services company Fugro has conducted a survey in block 5/6 and block 7 of the Orange Basin, south-west of Cape Town, South Africa, under a contract from Anadarko South...

ConocoPhillips suspends Arctic drilling plan
12 April 2013 ConocoPhillips has announced that it has brought its offshore drilling programme in the Alaskan Arctic to a halt, due to changes in American...

Today's oil prices fall on demand concerns; US job data caps decline
12 April 2013 Oil prices declined today due to apprehensions over the global demand outlook; however, prices received some support from an improvement in US jobs data and supply...

Today's oil prices drop as OPEC forecast lowers oil outlook
11 April 2013 Oil prices dropped today, after forecasters lowered the outlook for global oil demand growth and also due to US crude stocks rising to their highest level in two...

McDermott International unit secures projects in Arabian Gulf
11 April 2013 McDermott International has announced that one of its subsidiaries has won two offshore projects worth $900m from a client in the Arabian...

Myanmar auctions offshore oil and gas exploration blocks
11 April 2013 Myanmar's Government has commenced an auction of 30 offshore oil and gas exploration blocks, which is anticipated to attract huge interest from foreign multinational...

Wintershall drills Skarfjell appraisal well in North Sea
10 April 2013 German crude oil and natural gas producer Wintershall has commenced drilling of the Skarfjell appraisal well in the north-eastern North Sea, with the aim of proving oil in the upper Jurassic...

Wärtsilä secures contract for offshore support vessels in Malaysia
10 April 2013 Finnish marine solutions and services provider Wärtsilä has secured a contract to design a series of four multipurpose platform support vessels (MPSVs) for Bumi Armada Berhad's...

Today's Brent crude steady on China import growth rise
10 April 2013 Brent crude was steady today, following a rise in China's total imports in March, indicating a revival of demand in the world's second biggest oil...

Maersk Oil partners to expand unmanned platform in North Sea
09 April 2013 Maersk Oil has announced that a new unmanned platform in the Danish North Sea's Tyra Southeast development has been approved by partners of the Danish Underground Consortium (DUC) at a cost of...

Vantage sues BP unit over Gulf oil spill costs
09 April 2013 US-based offshore drilling contractor Vantage Drilling has taken legal action against a BP Plc unit, on the grounds that it had to pay an excess of $265.5m in financing costs in relation to...

Today's oil prices jump over slower China inflation; disruption worries
09 April 2013 Oil prices rose today after China released data that showed inflation in March was slower than anticipated, supporting its monetary policies and indicating a positive demand outlook for the...

Norwegian workers avert strike with last minute wage rise
08 April 2013 A last minute deal agreed on Monday to hike wages of offshore oil and gas workers in Norway averted a strike that could have severly disrupted the industry, as well causing flight traffic...

Noble Energy commences production from Tamar field, offshore Israel
08 April 2013 Noble Energy has announced that it has started production at the Tamar natural gas field in the Mediterranean Sea, offshore of Israel, with all five of the subsea wells producing at a rate of...

Today's oil prices jump over Japan's stimulus plan; investors eye China data
08 April 2013 Oil prices increased today after Japan announced plans to boost its economy, which is anticipated to increase liquidity in the markets. However, weak US jobs data capped a further...

US introduces new rule to strengthen safety on offshore platforms
05 April 2013 The Bureau of Safety and Environmental Enforcement (BSEE) has introduced a new set of rules to address and manage operational safety hazards and impacts on the US Outer Continental...

Today's Brent crude remains steady, but close to worst low since December
05 April 2013 Brent prices were steady today, but stayed close to their worst drop of the year because of weak US data and rising inventories, which lowered the outlook for...

Petrofac secures SARB project contract, offshore Abu Dhabi
05 April 2013 Petrofac has received an engineering, procurement, installation and commissioning (EPIC) contract from the Abu Dhabi Marine Operating Company (ADMA-OPCO) for the Satah Al Razboot (SARB) package...

Oilennium launches e-learning system for offshore crew
04 April 2013 UK-based Oilennium, a Petrofac Training Services (PTS) company, has introduced a system called ConTrainer to offer e-learning modules for employees in offshore and remote locations, without...

BP seeks court approval to stop excess payment for Gulf spill
04 April 2013 BP has lodged an appeal against a court ruling over a settlement for the 2010 Deepwater Horizon disaster that will force the company to pay out billions of dollars more than it had...

Today’s oil prices recover from biggest fall; weak US data caps momentum
04 April 2013 Oil prices increased today, recovering from the biggest fall in five months, but the momentum was capped by weak data and surging inventories in the US pulling down the demand...

Newfield Exploration discovers natural gas offshore Sarawak, Malaysia
03 April 2013 US-based Newfield Exploration announced yesterday that it has discovered natural gas in the Block SK 310 Production Sharing Contract (PSC) area, located 50 miles offshore of Sarawak in...

Today's oil prices slip as weak US data revives demand concerns
03 April 2013 Oil prices fell again today after demand worries were revived following new weak data from the US and increasing oil inventories in the...

API releases new industry benchmarks for drilling operations
03 April 2013 US oil and natural gas industry trade association American Petroleum Institute (API) has released two new oil and natural gas industry standards for well design and drilling...

ExxonMobil begins drilling at Porcupine Basin, offshore Ireland
02 April 2013 Over the weekend, US energy company ExxonMobil began €125m ($160m) worth of planned drilling activity on two prospects at the Dunquin licence area in the Porcupine Basin, 200km offshore of...

Israel announces gas flow from offshore Tamar field
02 April 2013 Israel has announced that natural gas has started flowing from an offshore rig in the Tamar field in the Mediterranean Sea, off the coast of Israel, ending four years of...

Today's oil prices fall over US economic recovery concerns
02 April 2013 Oil prices dropped today because of apprehensions over a sluggish economic recovery in the US, the world's top consumer, while prices received some support from a strong demand outlook in...

March 2013

Top

BP and partners to drill Clair Field wells in North Sea
28 March 2013 BP, along with its partners Royal Dutch Shell, ConocoPhillips and Chevron, has decided to begin drilling five additional appraisal wells at the Clair field, west of Scotland's Shetland...

Cyprus mulls offshore gas tender extension to draw more bids
28 March 2013 The Cypriot Government is considering extending the deadline for bids for an offshore oil and gas tender, which was scheduled for April 2013, to attract maximum potential investors, which...

Today's oil prices rise on US demand revival optimism; eurozone worries cap gains
28 March 2013 Oil prices gained today on expectations of a revival in demand growth in the US, the world's biggest oil consumer. However, debt concerns in the eurozone capped further...

Wintershall discovers oil in North Sea's Hibonite formation
27 March 2013 German multinational oil and gas producer Wintershall has discovered oil in the Hibonite exploration well (5504/1-3) in Licence 5/06, in the Danish territory of the North...

Albania approves intergovernmental agreement on Trans Adriatic Pipeline
27 March 2013 Albania's Parliament has approved the Intergovernmental Agreement (IGA), signed between Albania, Italy and Greece, on the construction and operation of the Trans Adriatic Pipeline (TAP)...

Today's Brent crude steady over strong US data
27 March 2013 Brent crude dropped today amid continuing concerns regarding the eurozone, but were supported slightly after the US released strong data, improving the prospect for demand from the world's...

Today's oil prices positive on Cyprus bailout concerns, eurozone demand
26 March 2013 Oil prices remained solid today due to apprehensions that the Cyprus bailout could set a new template for reforming the banking sector in the eurozone, reviving concerns about the European...

Chevron subsidiary to perform Moho Nord joint development, offshore Congo
26 March 2013 Chevron Overseas (Congo), a subsidiary of US-based multinational energy company Chevron, will undertake joint development of the Moho Bilondo "Phase 1 bis" and Moho Nord projects, offshore of...

BP flow tests Itaipu-1A Well, offshore Brazil
26 March 2013 BP has completed the flow test of its Itaipu-1A discovery well, offshore of Brazil, as part of the ongoing appraisal programme at the...

Today's oil prices rally after EU approves Cyprus bailout plan
25 March 2013 Oil prices rallied today on positive demand prospect, after an EU-IMF plan was approved by eurozone ministers to reorganise Cyprus's banking sector, avoiding further crisis in the...

Dana Petroleum, RWE to spud new exploration well
25 March 2013 UK-based Dana Petroleum has announced that it will commence drilling operations on a new exploration well in the southern North Sea in collaboration with global oil and gas exploration company,...

Sinopec plans JV to acquire $3bn worth of oil and gas assets from parent firm
25 March 2013 China Petroleum & Chemical (Sinopec) has said it will form a joint venture (JV) to buy $3bn's worth of overseas oil and gas assets from a number of Sinopec Group-owned overseas oil and...

Sale of additional leases in Gulf of Mexico draws $1.2bn in bids for US
22 March 2013 The US Government's sale of a nine million-acre of oil and gas leases in the central Gulf of Mexico has attracted $1.2bn in high bids for tracts on the US Outer Continental Shelf offshore...

Transocean chief confesses crew negligence on Deepwater Horizon
22 March 2013 Transocean CEO Steven Newman on Tuesday testified before a federal judge that the company's crew made mistakes on the day its Deepwater Horizon rig blew out on BP's Macondo well in...

Today’s oil prices jump over looming Cyprus bailout deadline
22 March 2013 Oil prices stayed on track for a second week of straight losses today, as Cyprus continued its fight to save the country from financial meltdown, which could disrupt the eurozone's revival...

UK oil and gas welcomes North Sea tax relief in Budget 2013
21 March 2013 UK Chancellor George Osborne's decision to guarantee tax relief on North Sea decommissioning expenditure in the 2013 Budget has been welcomed by leaders of the oil and gas industry in the...

Today's Brent crude steady, as China data balances Cyprus concerns
21 March 2013 Brent crude was steady today after China released its manufacturing data, which indicated an improved fuel demand prospect in the world's second largest oil consumer, while balancing the...

Venari Resources finds oil in Coronado prospect, Gulf of Mexico
21 March 2013 Deepwater oil exploration and production company Venari Resources said that it has found oil at its Shenandoah prospect in Walker Ridge Block 51 in the Gulf of...

Today's oil prices jump over Cyprus bailout hope
20 March 2013 Oil prices rose today on anticipation that an agreement to bailout Cyprus is likely to be reached. However, the doubt over the deal capped any further rise, as apprehensions continued about...

Statoil begins production from Skuld field in Norwegian Sea
20 March 2013 Norway-based oil and gas company Statoil, along with its partners Eni andPetoro, has commenced production from the Skuld field at Norne in the Norwegian...

Petrobras plans to triple offshore exploration by 2017
20 March 2013 Brazil-based Petrobras has announced it plans to triple oil production from the country's extensive deepwater fields by...

EMAS AMC secures pipeline contract for Ivar Aasen in North Sea
19 March 2013 EMAS AMC has received an engineering, procurement, construction and installation (EPCI) contract, worth $165m, from Det norske oljeselskap ASA (Det norske), for rigid pipe-lay and related...

Statoil finds natural gas in Block 2, offshore Tanzania
19 March 2013 Statoil has announced that in collaboration with its joint venture partner ExxonMobil it has made a natural gas discovery in Block 2, offshore of...

Today's Brent crude drops over Cyprus bailout vote fears
19 March 2013 Brent declined today as investors watched Cyprus's bailout plan, which has sparked fresh worries about the eurozone debt crisis. Further losses, however, were restricted by an improving...

UK research team launches offshore crew 3D body scanning project
18 March 2013 A team of researchers have launched a project in Aberdeen, Scotland, to measure offshore crew members' body sizes with 3D scanners, in order to gather data for the future design of...

BP appeals against 'fictitious' oil claims over Gulf spill
18 March 2013 BP, on Friday, asked a federal judge to temporarily stop oil spill compensation payments, which it says are based on a 'fictitious' and 'absurd' business economic loss...

Today's oil prices fall over Cyprus bailout deal
18 March 2013 Oil prices declined today after the dollar gained strength due to an unexpected bailout proposal for Cyprus, sparking a fresh crisis in the...

Improve plans, or Shell's Arctic drilling is off, says US Government
15 March 2013 Shell have been told they will not be able to re-enter the Arctic again without overhauling its plans, after a review by a US Government agency found the company entered the Arctic...

Today's oil prices rise over demand growth expectations, supply worries
15 March 2013 Oil prices jumped today, as robust US jobs data raised expectations of a better prospect for demand in the world's top oil consumer, while prices got additional support from concerns over...

CNPC to acquire stake in Eni's offshore Mozambique field for $4.21bn
15 March 2013 China National Petroleum (CNPC) has signed an agreement with Italian energy producer Eni to acquire a 20% share in the Area 4 natural gas field, offshore of Mozambique, for...

Second Deepwater Horizon survivor blames bustling conditions for missing blowout signs
14 March 2013 A Halliburton mud logger who survived the fatal explosion on the Deepwater Horizon testified on Wednesday that he missed signs of trouble because of bustling activity on the drilling rig...

Talisman Energy scraps troubled Yme project in North Sea
14 March 2013 Canada-based oil and gas company Talisman Energy Norge has secured a contract from SBM Offshore to scrap the YME MOPUstor project in the Norwegian sector of the North...

Today's Brent price steady on demand growth worries, stockpiles
14 March 2013 Brent prices remained steady today over fresh worries about demand growth in China and the US, while oil markets came under pressure due to strengthening...

Japan completes first ever gas extraction from seabed
13 March 2013 Japan's state-run company, Japan Oil, Gas and Metals National (JOGMEC), has become the first company in the world to extract gas from offshore methane hydrate deposits, using...

Bahamas reconsiders offshore exploration to reduce debt burden
13 March 2013 The Bahamas is reconsidering oil exploration in its offshore waters, with an objective to raise revenues and reduce the debt...

Today's Brent price falls as Asian equities stumble
13 March 2013 Brent crude slipped slightly today as Asian equity markets lost ground on worries that the recent increase will not continue for...

Lundin Petroleum finds oil in Ara-1 well, offshore Malaysia
12 March 2013 Lundin Malaysia, a wholly-owned subsidiary of Swedish oil and gas company Lundin Petroleum, has found oil in the Ara-1 well in Block PM308A, offshore of Peninsular...

Scotland to witness oil and gas boom, says government report
12 March 2013 Scotland will witness a renewed oil boom in the next few decades and confirm its position as a major oil-producing nation and European energy powerhouse, according to a report published by...

Today's Brent price steady on support from strong equity market
12 March 2013 Brent prices remained steady today, supported by strong equity markets that helped balance apprehensions about a crude stockpile build up for an eighth straight week in the US and a rise in...

Ocean Installer secures umbilical installation contract for Bittern field
11 March 2013 Norway-based Ocean Installer has won a contract from Shell UK to undertake umbilical installation at the Bittern field in the North...

BP anticipates paying more compensation for Gulf oil spill
11 March 2013 BP, in its latest annual report, has said it anticipates it will have to pay more than it previously estimated for compensation for private financial and property damage in relation to...

Today's oil prices plunge as Chinese data indicates uneven economic recovery
11 March 2013 Oil prices slipped today, following the release of Chinese data indicating a patchy economic revival in the world's second-biggest oil consumer, thereby increasing demand growth...

Rosneft subsidiary buys stake from ExxonMobil in Gulf of Mexico blocks
08 March 2013 Rosneft said its indirect independent subsidiary, Neftegaz America Shelf (Neftegaz), has purchased a 30% stake in 20 deepwater exploration blocks held by ExxonMobil in the Gulf of...

Report: weak earnings to create difficulty for oil and gas sector in 2013
08 March 2013 The European oil and gas sector will face difficulty in 2013 as a result of weak earnings in the upcoming quarters and increased capital expenditure, according to a new report published by...

Today's oil prices drop as North Sea pipeline restarts; Chinese data caps decline
08 March 2013 Oil prices steadied today as a key North Sea pipeline recommenced operations and after a reported rise in Chinese...

Today's oil prices slip on expectations over ECB meeting, economic data
07 March 2013 Oil prices steadied today, as investors kept a close watch on the European Central Bank (ECB) meetings and economic data, in order to get a better understanding of the oil demand outlook in...

Shell to build LNG units for transport corridors in North America
07 March 2013 Shell and its subsidiaries are planning to build two small-scale liquefaction units, to bring liquefied natural gas (LNG) fuel close to its marine and heavy-duty on-road customers in North...

Total gets UK safety body's permission to restart Elgin field, North Sea
07 March 2013 The Health and Safety Executive (HSE) in the UK has given its clearance to France-based major oil group Total to restart its Elgin gas field in the North Sea, which was closed in March...

Statoil awards subsea pipeline, marine contracts for Aasta Hansteen
06 March 2013 Statoil, along with its partners, has awarded subsea pipeline and marine installation contracts to Subsea 7 and Deep Ocean, for the Aasta Hansteen field in the Norwegian...

Today's oil prices jump over rise in equity markets; data from US, China
06 March 2013 Oil prices rose today as a result of an increase in equity markets and over speculations of a recovery in demand growth, after both the US and China released positive economic...

Deepwater Horizon survivor tells of BP's negligence during trial
06 March 2013 In the second week of a civil court trial to determine blame for the Deepwater Horizon disaster, Transocean's senior toolpusher Randy Ezell has testified to BP's...

UK hit by closure of TAQA's brent crude pipeline for hydrocarbon leak
05 March 2013 A hydrocarbon leak recorded at the TAQA Bratani operated Cormorant Alpha platform in the North Sea, and subsequent closure of a Brent crude-oil pipeline system for maintenance, has brought the...

Today's oil prices rise on China's economic growth pledge
05 March 2013 Oil prices jumped today, following China's promise to keep its economy growing. However, the rise was restricted, as investors kept a close watch on a cluster of medium-term concerns,...

AMEC secures contract for Clair Ridge field, North Sea
05 March 2013 UK-based engineering and project management company AMEC has received a £68m contract from BP and its partners, Shell, ConocoPhillips and Chevron, to provide hook up and commissioning...

Statoil signs long-term subsea service agreements with Aker, FMC
04 March 2013 Norway-based oil and gas company Statoil has signed framework agreements with Aker Solutions and FMC Technologies for subsea operation services on the Norwegian Continental Shelf...

Chevron performs production test at St. Malo well in Gulf of Mexico
04 March 2013 US-based multinational energy firm Chevron said it has carried out a production test at the St. Malo PS003 well in the Lower Tertiary trend in deepwater in the Gulf of...

Today's oil prices plunge over concerns over US fiscal crisis, Chinese data
04 March 2013 Oil prices declined today over worries related to the US fiscal crisis and pessimistic Chinese data, which are expected to weaken demand in the world's top two oil...

Shell to suspend Alaska offshore drilling activity
01 March 2013 Anglo-Dutch multinational oil and gas company Royal Dutch Shell has announced that it will halt its exploration drilling activity in Alaska's Arctic seas in...

Today's oil prices drop on concerns over China recovery, US budget cut
01 March 2013 Oil prices dropped today, driven by apprehension that the oil demand outlook will be sluggish if China's economy continues to crawl, along with the eurozone's continued weakness and...

Dana Petroleum begins drilling at North Sea exploration well
01 March 2013 UK-based Dana Petroleum has announced that it has started drilling an exploration well in the Moray Firth area of the North...

February 2013

Top

Statoil begins production at Hyme field in Norwegian Sea
28 February 2013 Norway-based oil and gas company Statoil, along with its partners, has commenced production at the Hyme oil field, the second of its 12 fast-track projects, located in the southern part of...

Today's Brent crude steady on Federal stimulus measures, Italian debt sale
28 February 2013 Brent crude remained steady today, following reaffirmation from US Federal Reserve Chairman Ben Bernanke on his commitment to strong stimulus measures for reviving the...

Mustang Marine wins Supacat contract for offshore support vessel
28 February 2013 UK-based Mustang Marine (Wales) has secured a contract from Britain's high mobility vehicle manufacturer Supacat to develop the Supacat Multipurpose Vessel 24 (SMV 24), a new offshore support...

Today's Brent crude steady on Federal Reserve's affirmation, EU concerns
27 February 2013 Brent crude remained steady today, following the US Federal Reserve's pledge to continue monetary stimulus, which renewed hopes of an increase in demand growth in the world's biggest oil...

Eni finds natural gas in Mamba Complex, offshore Mozambique
27 February 2013 Italian multinational oil and gas company Eni has announced that it has discovered natural gas at the Coral 3 delineation well in the Mamba Complex, in Area 4, offshore of...

Sri Lanka to tender additional offshore oil and gas exploration blocks
27 February 2013 Sri Lanka's Government has announced it will invite companies to bid for licences related to 13 blocks in the Cauvery and Mannar Basins off the country's north-west...

Today's Brent crude jumps over Chinese imports, Italian election concerns
26 February 2013 Brent crude rose today after official data in China showed that demand has increased in the world's second-largest oil consumer. However, early gains were restricted over worries related to...

US prosecutors accuse BP, Transocean over Gulf spill
26 February 2013 BP and Transocean officials' negligence in conducting an oil-rig safety test was one of the main causes of an explosion which killed 11 people at the 2010 Deepwater Horizon disaster, a US...

Swiber completes floatover oil and gas platform for ONGC
26 February 2013 Singapore-based Swiber Holdings announced that it has completed the first floatover platform for Oil and Natural Gas Corporation's (ONGC) B-193 field development project in...

BP, US Justice Department mull settlement prior to Deepwater Horizon trial
25 February 2013 British multinational oil and gas company BP and the US Justice Department were reported to have made an effort on Sunday to strike a last-minute settlement, to avoid a court trial over...

Oil prices decline amid China's demand growth concerns
25 February 2013 Oil prices recovered from early losses this morning as a more stable euro supported prices. However, there is a worry that China's demand growth could dent future prices, as its...

Tax breaks boost North Sea investment to 30-year high
25 February 2013 Recent tax changes introduced by the UK Government for the oil and gas industry have resulted in more companies investing in the North Sea, which has hit a 30-year investment high, with...

Europe agrees on first offshore oil and gas safety law
22 February 2013 A political agreement has been reached between the European Parliament and the Council on the European Commission's proposal for legislation on the safety of oil and gas operations in the...

IOS InterMoor to supply mooring spreads for Goliat field
22 February 2013 US-based IOS InterMoor, an affiliate of Acteon, has received a contract from Eni Norge to supply two complete mooring spreads for developmental drilling in the Goliat oil field, in the Barents...

Today's oil prices rise over tensions between West and Iran
22 February 2013 Oil prices rose today after German business morale jumped at its fastest pace for more than two years in February, according to a Munich-based think tank, indicating a good recovery for...

Petrobras begins production at Sapinhoá Norte field in Santos Basin, Brazil
21 February 2013 Brazil's state-owned oil company Petrobras said its floating production storage and offloading (FPSO) unit, Cidade de São Vicente, commenced production at the Sapinhoá Norte early production...

African Petroleum finds oil at Bee Eater-l well, offshore Liberia
21 February 2013 Australia-based oil and gas company African Petroleum announced that it has found oil at the Bee Eater-l well, in multiple zones of LB - 09 blocks, offshore of...

Today's oil prices plunge over hedge fund sell-off rumours
21 February 2013 Oil prices dropped considerably today, following rumours that a hedge fund has been forced to liquidate substantial commodity...

Statoil awards topsides contract for North Sea's Dagny platform
20 February 2013 Norwegian oil and gas major Statoil, along with its partners Total and Det norske, has awarded Daewoo Shipbuilding & Marine Engineering (DSME) and Aker Solutions a contract worth NOK6.1bn...

BP ready to face Deepwater Horizon civil trial
20 February 2013 BP has said it is ready to face the federal civil trial, due to start on 25 February, in the Deepwater Horizon Multi-District Litigation pending in the US District...

Today's oil prices plunge on Saudi Arabian crude supply speculation
20 February 2013 Oil prices slipped today over speculation that Saudi Arabia might raise its crude supply, while investors kept a close watch on economic and inventory data from the US, to get an indication of...

Today's oil prices slip over Italian political uncertainty
19 February 2013 Oil prices dropped today, as traders kept a close watch on Italy's upcoming elections and political ambiguity, which is believed to have added to worries about the eurozone and increased...

NBGI Private Equity acquires Cosalt's Aberdeen, Norway business
19 February 2013 NBGI Private Equity, a UK-based private equity and venture capital investment firm and an investor in the ATR Group, has completed the acquisition of Cosalt Offshore's Aberdeen and Norway...

Palfinger Dreggen to supply cranes to Sembcorp Marine, Technip
19 February 2013 Austria-based Palfinger Dreggen has received contracts worth EUR90m ($121m) to supply cranes for offshore...

Today's Brent crude rises on global optimism, Middle East tensions
18 February 2013 Brent crude slightly rose today, supported by expectations of recovering global growth, plus tensions in the Middle East; however, weak data from the US capped prices to some...

TAQA finds oil in Darwin field, North Sea
18 February 2013 UAE-based Abu Dhabi National Energy Company (TAQA) said that it has found oil in the new Darwin oil field in the northern North Sea area, near the Shetland Islands in...

UK approves Statoil's $7bn Mariner field development plan
18 February 2013 Norwegian oil and gas company Statoil has announced that it has received approval from the UK Government's Department of Energy and Climate Change (DECC) for its plans to develop the Mariner...

CNOOC receives CFIUS approval to acquire Nexen for $15.1bn
15 February 2013 China National Offshore Oil (CNOOC) has received final approval from the Committee on Foreign Investment in the United States (CFIUS) to acquire Canada-based oil and gas company Nexen for...

Rosneft, ExxonMobil expand Russian Arctic shelf joint venture
15 February 2013 Russian oil major Rosneft and US-based multinational oil and gas company ExxonMobil have signed an agreement to expand their joint venture by adding new blocks to develop oil and gas resources...

Today's Brent crude slips over gloomy data from eurozone, Japan
15 February 2013 Brent crude slipped up today, following the release of discouraging eurozone data, which has revived economic worries in...

Lundin Petroleum commences drilling of North Sea exploration well
14 February 2013 Lundin Petroleum has annuonced that it has started drilling of exploration well 16/1-17 in PL338, to target the Jorvik prospect, east of the Edvard Grieg field in the North Sea, offshore...

Statoil to develop floating production unit, terminal at Skrugard field
14 February 2013 Statoil and its partners have chosen a development concept for its Skrugard field at Veidnes in Finnmark, which includes a floating production unit with a pipeline to shore and a terminal for...

Today's Brent crude steady on eurozone data, anticipating G20 meeting
14 February 2013 Brent crude rose today, after fresh concerns over Iran's nuclear programme came to light, counteracting weaker than expected demand growth from France and...

Proserv secures subsea controls system contracts for North Sea projects
13 February 2013 UK-based exploration and production technical solutions and services provider Proserv has secured two contracts worth more than £15m to provide its advanced subsea controls system for oil and...

Today’s Brent crude steady on positive demand outlook
13 February 2013 Brent crude was steady today, despite remaining near a nine-month high, on predictions that the demand for oil is expected to increase quicker than expected in 2013, although easing tensions...

Chevron finds gas at Kentish Knock South-1 well
13 February 2013 Chevron's Australian affiliate has discovered natural gas at the Kentish Knock South-1 exploration discovery well, located in the Carnarvon Basin, offshore...

Archer wins modular rig contract to abandon Heimdal field wells
12 February 2013 Global oil field service provider Archer said it has been awarded a contract by Statoil to construct an advanced modular rig to permanently plug and abandon 12 gas wells on the Heimdal field in...

Sembcorp Marine subsidiary to build Ivar Aasen offshore platform
12 February 2013 Sembcorp Marine has announced that its wholly-owned subsidiary SMOE has received a contract worth SGD900m ($726m) from Norway-based Det norske oljeselskap, to build a process, drilling and...

Today's Brent crude steady, quiet over North Korea nuclear test
12 February 2013 Brent crude remained steady today, as a result of a fall in trade due to Lunar New Year holiday celebrations in Asia, as well as over upcoming weekly data on US oil...

US to lease 38m acres for offshore development in Gulf of Mexico
11 February 2013 The US Department of the Interior announced that it has finalised plans to sell oil and gas drilling leases for 38 million acres in the Central Gulf of Mexico, in an effort to provide...

ABB secures electrical equipment order for offshore drill ships
11 February 2013 Switzerland's ABB has received a contract worth $160m from Singapore's Jurong Shipyard to deliver main electrical systems for seven advanced drill ships, which will be deployed in deepwater oil...

Today's oil prices slide over Chinese New Year holiday
11 February 2013 Oil prices slipped today, because of a fall in trade activity in Asia on account of the Chinese New...

Today's oil prices rally on strong Chinese trade data, Middle East worries
08 February 2013 Oil prices rallied today after China released strong trade data, which boosted the demand outlook for oil, while a spurt in tensions in the Middle East again only added to supply concerns,...

UK subsea companies to grow by more than 20% in 2013, says study
08 February 2013 Britain's subsea companies are set to grow by 20% or even more in 2013, with some companies even expected to see a 50% expansion, according to a new study conducted by Subsea...

Flexlife secures contract extension from Apache North Sea
08 February 2013 Scotland-based flexible pipe technologies provider Flexlife has received a one year contract extension from Apache North...

ABB secures upgrade contract for export terminal on Ionian Sea
07 February 2013 Switzerland-based power and automation technology group ABB has secured a contract, worth $40m, to extend the export terminal of Eni's refinery in Taranto, located in the 'Mar Grande' bay on...

EnQuest secures tax allowance to expand Thistle field development
07 February 2013 UK-based oil production company EnQuest has received a brownfield tax allowance from the British Government to extend its Thistle oil field development in the North...

Today's oil prices rise on anticipation of ECB meet, China data
07 February 2013 Oil prices recorded a slight gain today, as investors anticipated the results from a European Central Bank meeting, alongside data from China, to get further indications on the positive...

OPITO to pilot safety standard for North Sea offshore workforce
06 February 2013 Scotland-based industry skills body OPITO said it will pilot a new standard in the North Sea, in an effort to reduce the risk of accidents and improve safety for elected safety...

BP faces new $34bn claim for Gulf oil spill
06 February 2013 Oil and gas major BP faced a new $34bn claim from local and southern state governments in the US, including Louisiana and Mississippi, for financial losses and property damage incurred as a...

Today's oil prices rise on positive US data, improving eurozone confidence
06 February 2013 Oil prices went up today after the US released positive economic data, while indications from Europe that the global economy is improving also supported the...

Today's oil prices slide over eurozone concerns, strong dollar
05 February 2013 Oil prices slipped today due to a fall in the outlook for oil demand, as a result of renewed political crises in Spain and Italy that may upset the eurozone's efforts to settle its debt...

McDermott to build platforms for Indonesia's Kepodang gas field
05 February 2013 US-based engineering and construction company McDermott International's Indonesian subsidiary has won a contract to build offshore platforms and an infield flowline for the Kepodang gas field...

Friends of the Earth accuses George Osborne of offering huge tax breaks
05 February 2013 International network of environmental organisations, Friends of the Earth (FoE), has accused the UK's Chancellor of the Exchequer, George Osborne, of providing nearly £1bn of tax breaks to...

Today's Brent crude steady over positive economic outlook, Middle East concerns
04 February 2013 Brent crude remained steady today, supported by data from the world's two top oil consumers, China and the US, offering a sign of hope that the global economy might recover modestly in...

Oil production begins at BP's PSVM project in offshore Angola
04 February 2013 BP Exploration Angola has announced that oil production has commenced at Block 31 of the PSVM development area in offshore...

Shell to develop Malaysia's third deepwater oil field
04 February 2013 Shell Malaysia, along with its joint venture partners, has taken the final investment decision to develop the Malikai oil field located about 100km offshore of Sabah,...

Today's oil prices rise over Middle East concerns; China data caps further gain
01 February 2013 Oil prices rose today as Middle East tensions increased, prompting supply concerns, although further gains were restricted as a result of discouraging data from...

OI supplies cabins to Weatherford for Mexican offshore operations
01 February 2013 US-based Oilfield Instrumentation (OI) said that it has completed and delivered five control cabins to Weatherford, a Switzerland-based global provider of oil field products and services, for...

Wintershall Norge completes wildcat well drilling in Norwegian Sea
01 February 2013 Norway-based oil and gas company Wintershall Norge announced that it has completed the drilling of wildcat well 6407/1-6 S in the Norwegian...

January 2013

Top

GE to supply direct drive technology to Total's Martin Linge field
31 January 2013 GE Oil & Gas (GE) has secured a contract from Total E&P Norge for the deployment of its first high-speed direct drive motor-compressor solution to Total's new offshore production platform on...

Dutch court holds Shell subsidiary partially responsible for Nigeria spills
31 January 2013 The District Court of The Hague has ruled that Netherlands-based Royal Dutch Shell's Nigerian subsidiary is responsible for oil spills in the Niger Delta from 2004 to 2007 and must pay...

Today’s Brent crude jumps on positive economic outlook, Federal stimulus pledge
31 January 2013 Brent crude slipped slightly today, but still remained near its three month high as the US Federal Reserve promised to stand by its bond-buying stimulus plan and also due to optimistic data...

Sciencesoft, University of Glasgow to develop software to boost North Sea production
31 January 2013 UK-based oil and gas software provider Sciencesoft is teaming up with researchers from the University of Glasgow to develop a software system that could boost oil production in the North...

US court approves BP's plea over $4.5bn criminal penalties
30 January 2013 The US District Court for the Eastern District of Louisiana has approved BP's plea to resolve all federal criminal charges against the company, in relation to the Deepwater Horizon disaster in...

Dana Petroleum receives Egypt's approval for Nefertiti field development
30 January 2013 Scotland-based oil and gas company Dana Petroleum has said it has received an approval from the Egyptian Government to further develop the Nefertiti oil field in the Gulf of Suez, after...

Today's oil prices rise on robust US data, Chinese manufacturing growth
30 January 2013 Oil prices jumped again today after the US administration released strong economic data, which showed that the world's largest oil consumer is on its way to...

Today's oil prices: rally continues over positive US business spending data
29 January 2013 Oil prices continued their rally today, driven by the rise in planned US business spending for December 2012 and encouraging global economic...

BP commences oil production from Valhall field's new platform, offshore Norway
29 January 2013 BP has commenced oil production from the recently redeveloped Valhall oil field, found in the southern part of the Norwegian North...

'Step Change in Safety' unveils learning packs for offshore workforce
29 January 2013 Step Change in Safety, a UK-based partnership body formed by oil and gas trade associations, has unveiled a new learning programme to improve awareness of safety among workers in offshore oil...

Aker Solutions to supply subsea umbilicals to Aasta Hansteen field
28 January 2013 Aker Solutions has won a contract from Statoil to deliver deepwater umbilicals to the Aasta Hansteen field development on the Norwegian Continental...

Today's oil prices positive over US Fed meet, employment data
28 January 2013 Oil prices remained positive today, after investors showed further economic optimism ahead of a two-day US Federal Reserve policy meeting and key employment data due out this week, both of...

Dynamic Offshore to deploy new rig in Indian waters for ONGC wells
28 January 2013 The Cyprus-based rig operating group Dynamic Offshore Drilling has announced it is set to deploy its first newly built offshore rig for exploration of oil and gas wells in Indian waters operated...

EnQuest acquires CIECO affiliates, gets minor stake in North Sea field
25 January 2013 EnQuest Britain, a wholly-owned subsidiary of EnQuest, has acquired two of CIECO Energy's affiliates, CIECO Energy (UKCS) and CIECO Energy...

Pacific Rubiales discovers oil in Kangaroo-1 exploration well, offshore Brazil
25 January 2013 Canada-based oil and gas company Pacific Rubiales Energy has announced the discovery of light oil at the Kangaroo-1 exploration well, in block S-M-1101 in the Santos Basin, offshore of...

Today's Brent crude steady on positive data from US, China
25 January 2013 Brent crude remained steady today, supported by optimistic economic data from both the US and China, which raised demand outlook for fuel from the world's two largest oil...

Tax relief in oil and gas reserves boosts investment, jobs in UK
24 January 2013 The UK Government's latest tax relief in oil and gas reserves has attracted billions of pounds worth of projects for British companies and created thousands of new, highly skilled jobs in...

Today's Brent crude steady amid China's optimistic manufacturing data
24 January 2013 Brent crude was steady today while US crude experienced significant gain in the wake of China's positive manufacturing data release, which indicated potential growth in the country's oil...

Yokogawa Electric wins ICSS contract for North Sea's Cygnus field
24 January 2013 Japan-based Yokogawa Electric said that its subsidiary Yokogawa Europe Solutions has secured a contract, from GDF SUEZ E&P UK, to deliver the integrated control and safety systems (ICSS) for...

Chevron acquires interest in Moroccan offshore exploration blocks
23 January 2013 Chevron Morocco Exploration has announced that it has signed petroleum agreements with a Moroccan hydrocarbons and mining firm, Office National des Hydrocarbures et des Mines (ONHYM), to...

Today's oil prices fall, capped by optimistic global economy
23 January 2013 Oil prices dropped today, although the decline was capped after the market received support from a positive global economic outlook and as investors eagerly anticipate inventory data from the...

HHI to develop $1.1bn topside facility for Statoil's offshore platform
23 January 2013 South Korea-based shipbuilder and offshore facilities contractor Hyundai Heavy Industries (HHI) has received a $1.1bn order from Statoil to develop a topside facility for installation on the...

BMT to design two monohull fast crew boats for offshore operations
22 January 2013 UK-based BMT Nigel Gee, a subsidiary of the BMT Group, has been awarded a contract by Singapore-based Penguin International's wholly-owned subsidiary, Penguin Shipyard International, to design...

Subsea 7 wins contract for Shell's Fram field in North Sea
22 January 2013 UK-based seabed-to-surface engineering, construction and services provider Subsea 7 has received a contract from Shell UK for its Fram oil and gas development field in the central North...

Today's Brent crude rises over economic optimism in Japan, US, China
22 January 2013 Brent crude jumped by 36 cents to $112.07 a barrel today, after Japan promised to introduce more monetary stimulus to improve its economy, while the US and China have shown positive economic...

Kongsberg to supply offshore vessel simulator to Maersk in Brazil
21 January 2013 Norway-based Kongsberg Maritime has been selected to supply offshore vessel simulators for Maersk Training's new centre in Rio de Janeiro,...

Eni spuds Sankofa East's appraisal well offshore of Ghana
21 January 2013 Italy-based oil and gas company Eni has spudded the first appraisal well of the Sankofa East oil discovery, Sankofa East 2A, in the Tano Basin offshore of...

Today's oil prices slide over supply worries, Algerian crisis
21 January 2013 Oil prices slipped today as oil markets calmed, following last week's increase due to global economic concerns and supply worries, balancing fears of fresh conflict in the Middle East after...

NRI launches Energy Technology forum on LinkedIn
18 January 2013 NRI Digital has launched a LinkedIn group to unite professionals across all energy sectors for the opportunity to network and discuss today's most important energy technologies and...

Tax relief, high oil prices boost drilling activity on UK Continental Shelf
18 January 2013 Drilling activity on the UK Continental Shelf (UKCS) improved by one-third in 2012, driven by a broader range of tax allowances announced by the British Government and sustained high oil...

McDermott receives contract for Pemex's Mexican offshore platform
18 January 2013 US-based McDermott International has announced that one of its affiliates has received a $230m turnkey contract from Pemex Exploration and Production for the PB-Litoral-A production platform in...

Today's oil prices climb over positive indications from China, US
18 January 2013 Oil prices have slightly increased today, mainly driven by revival signs in China's growth and positive data from the...

GE Oil & Gas to supply equipment to FPSO units in Brazil
17 January 2013 GE Oil & Gas (GE) has secured a $500m contract from Petrobras, to supply the main turbomachinery equipment for four new floating production, storage and offloading (FPSO)...

Chevron buys exploration blocks in Pearl River Mouth Basin, offshore China
17 January 2013 US-based energy company Chevron said its subsidiary Chevron China Energy Company has signed production sharing contracts (PSC) with China National Offshore Oil (CNOOC), for two exploration...

Today's oil pirces fall; Algerian gas field attack caps decline
17 January 2013 Oil prices today plunged on worries over the dwindling global economic prospect which could pull down demand, while the revival in supply concerns, following an Islamist militant attack on a...

Today's oil prices surge over US demand optimism and restricted inventory growth
16 January 2013 Oil prices gained today in response to increasing optimism for stronger consumer demand, driven by strong retail sales in the US last month, and due to a restricted rise in oil...

Leak at Cormorant Alpha platform forces shut down of 27 UK oil fields
16 January 2013 Abu Dhabi National Energy Company (TAQA) has closed the Cormorant Alpha platform and 27 associated pipeline oil fields in the northern UK North Sea, after hydrocarbons were detected in one of...

UK rejects EU proposal to stop Arctic drilling
16 January 2013 The UK Government has dismissed the proposed European Union (EU) regulations on deep sea Arctic drilling, despite fresh concerns arising after the grounding of a Shell oil rig...

Cnooc receives preliminary approval to resume oil field operations
15 January 2013 China-based offshore oil and gas producer China National Offshore Oil Corporation (Cnooc) has received preliminary approval from the National Development and Reform Commission (NDRC) to resume...

Today's oil prices plummet on political deadlock over US debt ceiling
15 January 2013 Oil prices plunged today, after the US failed to reach an agreement on the debt ceiling and due to a predicted rise in the country's oil inventory, which put pressure on...

Sweden's Lundin begins drilling of North Sea's Ogna prospect
15 January 2013 Swedish independent oil and gas exploration company Lundin Petroleum has commenced drilling of exploration well 8/5-1 in PL453S to confirm the presence of hydrocarbons in the Upper to...

Wintershall discovers oil in Asha Noor appraisal well in North Sea
14 January 2013 Germany-based crude oil and natural gas producer Wintershall has completed drilling of Asha Noor appraisal wells and discovered oil in the central part of the Norwegian North Sea, about 200km...

US launches review of Arctic drilling after Shell rig accident
14 January 2013 The US Interior Department has launched a high-level assessment of Royal Dutch Shell's 2012 Arctic oil drilling programme in the Beaufort and Chukchi Seas, in an effort to review existing...

Today’s oil prices jump on Middle East supply concerns, economic optimism
14 January 2013 Oil prices gained today, due to a recurrence of supply concerns from the Middle East region and due to rising confidence that the world's biggest economies are gradually moving towards a...

Wärtsilä completes tests of P-63 FPSO vessel for offshore operations
11 January 2013 Finnish marine solutions and services provider Wärtsilä has completed full load tests of a new P-63 floating production storage and offloading (FPSO) vessel for the offshore oil and gas...

Today's Brent crude slips over the impact of Chinese inflation data
11 January 2013 Brent crude dropped by 27 cents to $111.60 per barrel, because of worries that China's inflation data could restrict further steps to implement policies to motivate growth in the...

UK's BG Group begins production from Brazil's Sapinhoá field
11 January 2013 UK-based natural gas and oil company BG Group and its partners have begun production from the Sapinhoá field in block BM-S-9, offshore...

Statoil submits $5.7bn plan for Aasta Hansteen field development
10 January 2013 Norway-based oil and gas company Statoil has submitted a plan to the Ministry of Petroleum and Energy for the development and operation (PDO) of the Aasta Hansteen field in the Norwegian...

Falck Nutec installs helicopter platform for offshore training in Aberdeen
10 January 2013 Denmark-based safety training and offshore services provider Falck Nutec has installed an advanced helicopter landing platform at The Fire Training Group's (TFTG) training centre at...

Today's oil prices jump over robust Chinese trade data
10 January 2013 Oil prices rose today after Chinese trade data surpassed expectations, generating optimism that an economic revival in the world's second biggest oil consumer could create a higher demand for...

Aquaterra Energy acquires hydraulic control system supplier Hyco
09 January 2013 UK-based supplier of offshore engineering services and centraliser products Aquaterra Energy has acquired the business and assets of Hyco, a German hydraulic control system...

Subsea gas compression technology to facilitate platform-free production
09 January 2013 Offshore drilling expeditions in harsh subsea regions and technologically challenging places are set to become easier, with the development of new subsea gas compression technology that...

Today's oil prices drop over European, US and Chinese developments
09 January 2013 Oil prices declined today, as investors showed concerns while awaiting US corporate earnings, along with the anticipated Chinese trade data and results of a European Central Bank (ECB) policy...

Iceland awards first offshore oil and gas exploration licences
08 January 2013 Orkustofnun, the National Energy Authority of Iceland, has awarded the country's first offshore oil and gas exploration licenses on the Icelandic Continental Shelf...

Today's oil prices rise amid concerns over Chinese trade data, ECB meet
08 January 2013 Oil prices gained today on growing concerns regarding anticipated key data from the world's biggest energy consumer China, as well as over the outcome of European Central Bank's (ECB)...

Lundin drills appraisal well on North Sea's Johan Sverdrup discovery
08 January 2013 Lundin Norway, a wholly-owned subsidiary of Lundin Petroleum, has drilled appraisal well 16/3-5 in PL501 on the Johan Sverdrup discovery in the North...

Norway's Kvaerner to carry out offshore hook-up on Eldfisk platform
07 January 2013 Norway-based engineering and construction services company Kvaerner has received a NOK400m ($72m) contract from ConocoPhillips to carry out offshore hook-up and commissioning work on the...

Today's Brent crude rises on positive growth signs from US, China
07 January 2013 Brent crude fell by eight cents to $111.23 a barrel today, after weak fuel demand dampened optimisim that the world's biggest economies are on a steady recovery...

ExxonMobil plans $14bn investment in Canada's Hebron field
07 January 2013 US-based multinational oil and gas company ExxonMobil has said it will proceed with its plan to develop the Hebron oil field in the province of Newfoundland and Labrador, offshore of...

Transocean agrees to pay $1.4bn for Gulf oil disaster
04 January 2013 Switzerland-based offshore drilling company Transocean has reached an agreement with the US Department of Justice to pay $1.4bn to settle all civil and criminal claims relating to the...

Oil prices drop amid stimulus package concerns
04 January 2013 Oil prices slipped again today after the US Federal Reserve showed signs of concern over the side effects of its stimulus programme, and on the possibility of more budget battles in the coming...

BP consortium commences production from Skarv field in Norwegian Sea
04 January 2013 British multinational oil and gas company, BP, along with its consortium partners has commenced production from Skarv field in the Norwegian...

Shell begins assessment of Kulluk drillship incident
03 January 2013 Royal Dutch Shell has begun a formal assesment of the Kulluk drillship to review its condition and any environmental impact it might have had after it ran aground in heavy seas in Alaska on Monday....

Keppel secures three new offshore vessel contracts
03 January 2013 Singapore-based Keppel Offshore & Marine has announced that it has won three new contracts with a total value of SGD420m ($343m), bringing its total order wins for 2012 to...

Oil prices plunge as US prepares for bigger budget battles
03 January 2013 Oil prices plunged today as the US braces itself for bigger budget battles amid worries about rising oil...

China National Offshore Oil commences production from two South China Sea oil fields
02 January 2013 China National Offshore Oil (CNOOC) has begun production at two oil fields in the Pearl River Mouth Basin of the South China...

Today’s oil prices soar as US approves fiscal deal
02 January 2013 Oil prices soared today as a deal to avert fiscal crisis received approval from the US Congress, with prices also aided by a positive demand outlook from...

Shell oil drill ship runs aground off Alaska coast
02 January 2013 One of two Arctic-class drillships deployed by Royal Dutch Shell for offshore drilling in the Arctic ran aground in the shallow water off Sitkalidak Island in the Gulf of Alaska after drifting...

December 2012

Top

Ulstein receives order from Island Offshore for offshore vessel
21 December 2012 Ulstein has received an order from Island Offshore and its US-based partner Edison Chouest for the construction of a multifunctional offshore vessel of the SX121...

BP to sell Yacheng field stake to KUFPEC for $308m
21 December 2012 UK-based oil and gas major BP has announced the sale of its 34.3% stake in the Yacheng gas field, located in the South China Sea, to the Kuwait Foreign Petroleum Exploration Company (KUFPEC) for...

Today's oil prices slide as talks on US budget crisis halt
21 December 2012 Oil prices again fell today, as the ongoing discussion to resolve a budget crisis in US came to a halt, once again escalating the concern over a sluggish demand outlook in the world's largest...

ExxonMobil South Africa plans drilling offshore of Durban
20 December 2012 ExxonMobil Exploration and Production South Africa plans to begin drilling activities offshore of Durban after signing an agreement with Impact...

Wärtsilä to design six offshore vessels for China Oilfield Services
20 December 2012 Norway-based marine solutions and services provider Wärtsilä will design six new oil field vessels for China Oilfield Services (COSL), as part of a contract signed this...

Today's oil prices plunge as US fiscal talks turn sour
20 December 2012 Oil prices plunged today, as discussions to avert the so-called US fiscal cliff came to a halt once again after having shown indications of progress earlier in the...

CSE and IPI fight US's offshore exploration leasing programme
19 December 2012 An environmental group, the Center for Sustainable Economy (CSE), has filed a lawsuit challenging the offshore exploration plans of the US administration in the Gulf of Mexico and Alaskan...

US budget hopes and Middle East tension boosts oil value
19 December 2012 Oil prices gained today on hopes that the United States' budget crisis may soon be resolved and therefore avert the country from another possible...

UK Government announces safety measures for offshore oil and gas industry
19 December 2012 The UK Government has announced various measures for the country's offshore oil and gas industry to ensure safety and environmental protection, as well as to avoid incidents similar to...

Buccaneer to deploy Endeavour rig for offshore Alaska exploration
18 December 2012 Australia-based Buccaneer Energy has announced that it will soon deploy the Endeavour jack-up rig to commence drilling operations in the Cook Inlet, offshore of...

Liebherr to unveil crane with knuckle boom for subsea operations
18 December 2012 Switzerland-based equipment manufacturer Liebherr is set to unveil a new RL-K 7500 subsea crane with knuckle boom for the oil and gas industry, during customer days at the production plant...

Today's oil prices soar as US fiscal cliff concerns ease
18 December 2012 Oil prices soared today, supported by positive signs that the US fiscal cliff dilemma will be resolved and also because of plans to expand pipeline capacity in the...

South Korea's Daewoo to build LNG carriers for Teekay
17 December 2012 South Korea-based Daewoo Shipbuilding & Marine Engineering will build two liquefied natural gas (LNG) carriers for Teekay LNG...

Rolls-Royce to supply equipment for Brazilian offshore drill ships
17 December 2012 UK-based global power systems company Rolls-Royce has received an order worth £100m ($161m) from Atlântico Sul, to deliver integrated power and propulsion systems for seven offshore...

DECC approves Dana's £1bn Western Isles wells development
17 December 2012 Scottish oil company Dana Petroleum is to develop two offshore oil fields near the UK's Western Isles, after the Department for Energy and Climate Change approved the development...

Today's oil price rallies on Chinese economic revival hopes
17 December 2012 Oil prices gained today, as the economic outlook in China showed hope of a recovery, even as concerns over the US fiscal cliff continued to irk...

Pakistan seeks foreign investment in energy and petroleum sector
14 December 2012 Pakistan is seeking investments from domestic and international energy and petroleum (E&P) companies in the country's oil and gas sector, following the country's new Petroleum Policy 2012...

Today's oil prices rise as Chinese economy shows recovery signs
14 December 2012 Oil prices increased again today, thanks to a positive outlook for the Chinese economy; however, growing concerns about the adverse effects of a possible fiscal crisis in the US restricted a...

Lerus launches training centre with Kongsberg offshore vessel simulator
14 December 2012 Lerus, a Ukrainian provider of crewing services to oil and gas industry, has launched a new training centre equipped with the latest offshore vessel simulator from...

Tullow Oil to acquire Spring Energy and dispose of UK, Dutch SNS gas assets
13 December 2012 Tullow Oil is set to acquire Norway's Spring Energy and dispose of assets in the UK and Dutch Southern North Sea (SNS) gas basin, as part of its active portfolio management strategy to...

Dana Petroleum, Maersk Oil start drilling at Norway's Albert prospect
13 December 2012 Korea National Oil Corporation's subsidiary Dana Petroleum and Maersk Oil Norway have jointly started drilling in the Albert gas / condensate prospect in the Norwegian...

Today's oil prices plunge over rising US stockpiles, fiscal concerns
13 December 2012 Oil prices plunged today, owing to increased oil stockpiles coupled with sluggish fuel demand in the US, and also because of concerns about the top nation's likely chances of missing its...

Today's oil prices surge as OPEC cuts November output
12 December 2012 Brent crude increased by 31 cents to $108.32 a barrel, while US crude for January rose by 43 cents to $86.22, reported...

Statoil selects Nexans umbilicals for Norwegian Continental Shelf fields
12 December 2012 Statoil has selected Nexans to execute the contract for supplying umbilicals (cables) for three fast-track projects on the Norwegian Continental...

Germany's Freudenberg Oil & Gas acquires seal producer Vector Technology
12 December 2012 The oil and gas arm of Germany's Freudenberg Group has purchased 100% of Vector Technology Group, in partnership with private equity firm...

New Zealand awards ten oil and gas exploration permits
11 December 2012 The government of New Zealand has awarded ten oil and gas exploration permits, divided equally between onshore and offshore blocks, to overseas and domestic...

Construction starts on offshore section of South Stream gas pipeline
11 December 2012 Construction has commenced on the offshore section of the proposed South Stream gas pipeline, which will run across the Black Sea to southern and central Europe, transporting Russian natural...

Today's oil prices rise amid continuing Middle East tensions, dollar index drop
11 December 2012 Oil prices got a boost today because of continuing conflicts in the Middle East region and a weak dollar index, which slipped 0.07% on the prediction of more stimulus measures from the...

BP, RIL spud well in KG-D6 block offshore Bay of Bengal
10 December 2012 UK-based BP and its partner Reliance Industries (RIL) have commenced drilling on a new satellite discovery in the KG-D6 block, offshore of the Bay of...

Sembcorp Marine's PPL Shipyard to develop offshore jack-up rigs
10 December 2012 Sembcorp Marine's subsidiary PPL Shipyard has received two turnkey contracts, which are valued at $434m, to build two jack-up rigs for Integradora de Servicios Petroleros Oro...

Today's oil price soars on positive demand from US and China
10 December 2012 Oil prices soared today amid increasing hopes for growth that were driven by positive data from the world's top two oil consumers, the US and...

UK must exploit Continental Shelf to expedite economic recovery, says study
07 December 2012 The government must focus on exploiting the UK Continental Shelf (UKCS) to expedite recovery of its economic potential, says a new study by the researchers of University of...

Cosco and Intergraph extend offshore engineering solution partnership
07 December 2012 China-based Cosco Shipyard Group (Cosco) has extended its five-year master agreement with Intergraph for use of its SmartMarine Enterprise solution for offshore engineering...

Today's Brent price rises; posts largest loss since October
07 December 2012 Brent crude price rose by 23 cents to $107.26 a barrel, but posted a huge weekly loss since October because of economic worries in Europe and a looming fiscal crisis in the United...

Bangladesh to invite bids for 12 offshore blocks under new PSC
07 December 2012 Bangladesh Oil, Gas and Mineral Corp (Petrobangla) is all set to start the bidding process for oil and gas exploration fields in 12 offshore blocks - nine in shallow water and three in deep water...

Keppel FELS signs $1.2bn contract with Naftogaz for Black Sea drilling rigs
06 December 2012 Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine, has signed a contract with Ukraine's Naftogaz for construction of two semi-submersible drilling rigs for operations in the...

Today's Brent crude rises amid global economic concerns
06 December 2012 Brent crude gained by eight cents to hit $108.89 per barrel today, amid apprehensions regarding the state of the global economy and the outlook for oil...

Tullow finds no commercial oil at Zaedyus-2, offshore French Guiana
06 December 2012 UK-based oil and gas exploration company Tullow Oil has announced that it has completed drilling of the Zaedyus-2 appraisal well (GM-ES-2), offshore of French Guiana, but has not discovered...

Yangzijiang Shipbuilding secures offshore order for jackup drilling rig
05 December 2012 China-based integrated marine service provider Yangzijiang Shipbuilding has received its first order through Jiangsu Yangzijiang Offshore Engineering to develop and supply a jackup drilling rig...

Wintershall discovers oil in F17-10 well in Dutch North Sea
05 December 2012 Germany's Wintershall has discovered oil in exploration licence F17a, located 120km north of Den Helder in the Dutch North...

Today's oil prices rally as investors focus on China
05 December 2012 Oil prices rallied on Wednesday with investors weighing heavily on Chinese faster growth, moving their focus from concentrating only on the economic uncertainty troubling the...

Cyprus resolves offshore issues with Lebanon; offers mediation on Israel claims
04 December 2012 Cyprus and Lebanon have resolved issues over offshore fields in the Mediterranean Sea, a move that is expected to kick start oil and gas exploration in the...

Woodside to acquire 30% stake in Leviathan field offshore of Israel
04 December 2012 Australia-based Woodside Petroleum has signed an in-principle agreement with the Leviathan Joint Venture, to acquire a 30% participating interest in the Leviathan field offshore of Israel...

Today's oil prices fell over poor US manufacturing data
04 December 2012 Oil prices fell today after disappointing manufacturing data from the US that overshadowed positive Chinese manufacturing data that had pushed prices...

China to produce three-quarters of its natural gas from South China Sea
03 December 2012 China's National Energy Administration (NEA) has announced that the country's production from the South China Sea is projected to reach 15 billion cubic metres (bcm) of natural gas per annum out...

Today's oil prices boosted by positive Chinese economy, Middle East unrest
03 December 2012 The changing landscape of China's manufacturing industry and ongoing tensions in the Middle East have helped oil prices continue to gain momentum in December, with prices approaching $112...

Sembcorp wins seventh drillship contract from Sete Brasil
03 December 2012 Singapore-based Sembcorp Marine's subsidiary Jurong Offshore has secured an $806m contract to design and develop an ultra-deepwater drillship for Sete...

November 2012

Top

Oil price plunges due to low confidence in US budget talks
30 November 2012 Oil prices took a hit today as investors expressed low confidence over the progress of critical US budget talks, which are aiming to deal with the impending fiscal...

BP suspended from federal contracts over Gulf oil spill
30 November 2012 The US Environmental Protection Agency (EPA) has imposed a temporary suspension on United Kingdom-based oil major BP and all its affiliates from new federal government contracts, following...

TAQA to invest $1bn to buy oil and gas assets in UK North Sea
30 November 2012 Abu Dhabi's National Energy Company PJSC (TAQA) will invest more than $1bn to acquire oil and gas properties in the United Kingdom's North Sea area from...

ONGC Videsh to acquire ConocoPhillips' stake in Kazakh oil field
29 November 2012 ONGC Videsh (OVL), the overseas arm of the India-based Oil and Natural Gas Corporation (ONGC), is to acquire a participating interest in the North Caspian Sea Production Sharing Agreement oil...

US receives 131 bids for lease sale offshore Gulf of Mexico
29 November 2012 A new government sale of offshore assets in the US Gulf of Mexico area, held by the US Department of the Interior's Bureau of Ocean Energy Management (BOEM), has received 131 bids from 13...

Today's oil price rises over US hopes, Middle Eastern tensions
29 November 2012 Brent crude reached close to $110 a barrel today as hopes rose of US lawmakers striking a deal on the fiscal cliff improved and tensions in the Middle East...

Statoil receives approval to develop Svalin fast-track project
28 November 2012 Statoil has received approval from the Norwegian Ministry of Petroleum and Energy (MPE) for the developement and operation of the Svalin fast-track project, located about six kilometres...

Today's oil prices gain amid United States fiscal fears
28 November 2012 Oil markets gained for the second consecutive day as investors eagerly watched developments with officials trying to head off a looming fiscal disaster in the United States, the world's top...

Noble Energy discovers Gulf of Mexico oil; plans to close Falkland Islands well
28 November 2012 US-based Noble Energy has made a significant oil discovery at the Big Bend exploration prospect in the deepwater Gulf of...

Ob River to become first LNG ship to sail across Arctic
27 November 2012 The Ob River, a large tanker carrying liquified natural gas, will become the first ship of its kind to sail across the Arctic during winter, once it reaches Japan in early December...

Today's oil price gains after Greek debt deal
27 November 2012 The optimism created in the financial industry after Greece's international lenders reached a deal on a new debt target has resulted in a surge in today's oil...

Petronas finds major gas reserves in Sarawak, Malaysia
27 November 2012 Petroliam Nasional Berhad (Petronas), a Malaysian national oil company, has made two major gas discoveries at the Kuang North and Tukau Timur fields, offshore of...

Aker Solutions to acquire AIM company Thrum Energy
26 November 2012 Norwegian oil services provider Aker Solutions has entered into a deal to acquire Thrum Energy, a Canadian Asset Integrity Management (AIM) company, for an undisclosed...

Rosneft, Statoil sign environmental protection declaration
26 November 2012 Oil companies Rosneft and Statoil have agreed to work together, to protect the Arctic shelf environment during oil exploration and reduce the impact of oil and gas activities on...

Today's oil steady over European outlook, Egyptian protests
26 November 2012 Oil prices managed to stay above $111 today after a positive oil demand outlook from Europe with hopes rising on a possible deal to bailout Greece from near-term...

Zwagerman International unveils world's heaviest offshore lift crane
23 November 2012 Zwagerman International has unveiled the world's heaviest offshore lift...

Statoil starts production from North Sea's Visund South field
23 November 2012 Norwegian oil and gas major Statoil and its partners have started production at the Visund South oil and gas field in the North...

Today's oil price falls over weak European economy data
23 November 2012 Oil prices fell today as weak economic data from Europe raised concerns among investors about global oil...

Lundin Petroleum discovers gas offshore of Peninsula Malaysia
22 November 2012 Lundin Petroleum has made a significant gas discovery at the Tembakau-1 well in the PM307 Block, offshore of Peninsula...

BP discovers gas at Savonette 4 well in Trinidad
22 November 2012 BP Trinidad & Tobago (bpTT), a wholly-owned subsidiary of BP, has discovered an estimated one trillion cubic feet of gas in the Savonette 4 appraisal well, offshore of...

Today's oil prices positive over Chinese economy, Gaza ceasefire
22 November 2012 Oil prices remained positive today over signs of recovery in the Chinese economy, which is expected to boost oil demand...

Bridon unveils world's largest ropes manufacturing facility in the UK
21 November 2012 UK Business Minister Michael Fallon has inaugurated what is believed to be the world's largest and most complex offshore ropes manufacturing facility, constructed by Bridon...

Black Elk calls off search for missing worker after Gulf explosion
21 November 2012 Black Elk Energy has called off its rescue efforts in search of the crew member who has been missing since last Friday, when an oil rig exploded in the Gulf of...

Today's oil price rises over Middle East violence, eurozone crisis
21 November 2012 Oil prices were boosted today because of fears over supply disruptions from the Middle East, as clashes continued between Palestine and...

Today's oil price: positive US budget signs, Middle East tensions
20 November 2012 Oil prices managed to stay above $111 today thanks to positive expectations on US lawmakers to fix the budget crisis, supported by the continued supply worries from the Middle...

BP wins Canadian deepwater exploration permits
20 November 2012 BP has won four deepwater exploration blocks from the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) after submitting a $1bn...

Total divests $2.5bn Nigerian offshore stake to Sinopec
20 November 2012 French oil group Total has completed the divestment of its 20% contractor interest in the OML 138 block offshore of Nigeria to...

US issues subpoena to Black Elk over Gulf oil rig blast
20 November 2012 A US board, which investigates chemical spills, refinery explosions and other industrial accidents, has issued a subpoena to Black Elk Energy in connection with last week's oil rig blast in...

Black Elk searches for missing worker after Gulf oil rig blast
19 November 2012 Search and rescue teams are looking for a missing worker after an offshore oil rig exploded in the Gulf of Mexico on...

Zarubezhneft to start drilling campaign offshore of Cuba
19 November 2012 Zarubezhneft, a Russian state-controlled oil company, is set to launch its oil drilling campaign off the coast of...

Today's oil price gains over escalating Israeli-Palestinian conflict
19 November 2012 Oil prices were boosted today in the wake of escalating conflicts between Israel and Palestine, which fuelled concerns about supplies from the Middle...

Today's oil price steady over Israel-Palestine conflict and uncertainty
16 November 2012 Oil prices remained steady today over the supply worries which were caused by the confrontation between Israel and the Palestine and the uncertainties regarding the global economic...

Cameron and Schlumberger join for subsea oil production
16 November 2012 US-based Cameron and Schlumberger have formed a joint venture (JV), to manufacture and develop products, systems and services for the subsea oil and gas...

Subsea 7 wins North Sea Martin Linge field contract
16 November 2012 Subsea 7 has won a contract worth $800m from Total E&P Norge, for the development of the Martin Linge gas field in the North...

Swiber receives offshore south-east Asia and Latin America contracts
15 November 2012 Singapore-based Swiber, an integrated offshore construction and services provider, has signed offshore contracts worth $143m in south-east Asia and Latin...

Today's oil price gains over Israel's Gaza Strip air offensive
15 November 2012 Oil prices got a boost today because of renewed supply concerns after Israel launched a strike in the Gaza Strip on Wednesday and announced that more strikes are...

LLOG and Blackstone to develop Gulf of Mexico assets
15 November 2012 US-based LLOG Exploration has teamed up with Blackstone Energy Partners to invest a combined $1.2bn in offshore energy assets in the Gulf of...

BP agrees to pay $4.5 billion for Gulf oil spill
15 November 2012 BP will pay $4.5bn in a settlement with the US government over the 2010 Deepwater Horizon disaster which killed 11...

Pars Oil and Gas Company installs pipeline at South Pars field
14 November 2012 Pars Oil and Gas Company (POGC), a subsidiary of the National Iranian Oil Company (NIOC), has announced the completion of the first 32-inch offshore pipeline as part of phase-19 of the South...

Today's Brent crude price slips over IEA's demand outlook
14 November 2012 Brent crude dropped for the third consecutive day by 11 cents to reach $108.15 a barrel, in the wake of International Energy Agency's (IEA's) further cuts to its demand outlook for the...

Roc Oil makes discovery at China's WZ6-12-A7 well
14 November 2012 Australia-based Roc Oil, a wholly-owned subsidiary of ROC, has made a new oil discovery in the WZ6-12-A7 exploration well, offshore of...

Teekay Offshore acquires Dynamic Positioning unit from Remora
13 November 2012 Teekay Offshore has acquired a 2010-built HiLoad Dynamic Positioning (DP) unit from Remora, a Norway-based offshore marine technology...

Today's oil price falls again over demand growth worries
13 November 2012 Oil prices fell again today as worries about demand growth over the financial woes in the United States and the European Union...

Technip wins contract for Cardamom field in Gulf of Mexico
13 November 2012 France-based Technip has won a subsea infrastructure development contract for the Cardamom field in the Gulf of...

Today's oil price slides over fears of further decline in demand
12 November 2012 Brent crude dropped 50 cents to sink to $108.90 a barrel today because of renewed fears of a further decline in oil demand due the looming fiscal cliff in the...

TDW concludes subsea pipeline isolation in Gulf of Mexico
12 November 2012 US-based TDW Offshore Services has concluded a subsea pipeline pressure isolation operation in the Gulf of...

New Zealand opens up Northland coast for exploration
12 November 2012 New Zealand has opened up the sea off Northland's west coast for oil and gas exploration and will soon begin awarding permits in three offshore and seven onshore blocks around the...

Today's oil price under pressure over weak global economy and fuel demand
09 November 2012 Oil price remained under pressure today as investors have shown concerns over the weak global economy and fuel...

Chevron gets DECC clearance to drill well near Shetland Islands
09 November 2012 Chevron has received the consent of the Department of Energy and Climate Change (DECC) to drill a deep-water well to the west of the Shetland Islands,...

HSE unveils initial findings of KP4 offshore inspection programme
09 November 2012 Work related British independent watchdog, Health and Safety Executive (HSE), has published an interim report of its inspection programme on the management of ageing / life extension of...

Today's oil price surges as buyers respond to biggest fall in a year
08 November 2012 Oil prices have surged today as buyers responded to a slump of almost four percent in the previous session, fuel's biggest fall in roughly a...

More than three hundred people evacuated from Norwegian platform
08 November 2012 Norway's Statoil has evacuated 326 people amid rough weather from a housing platform in the Norwegian Sea, after it was tilted by three to four...

Petrofac teams with Bowleven to develop Etinde Permit
08 November 2012 Oil and gas service provider Petrofac has teamed up with Bowleven in a strategic alliance to support the proposed development of the Etinde Permit, offshore of...

Synergy executes modification project with AVEVA Laser Modeller
07 November 2012 UK-based AVEVA, a provider of engineering design and information management solutions, has announced that Synergy Engineering has executed a brownfield modification project using the...

INPEX acquires exploration block interest offshore India
07 November 2012 INPEX Offshore East India, a wholly-owned subsidiary of Inpex Corporation, has signed a farm-in agreement with Oil and Natural Gas Corporation (ONGC) to acquire a 26% participating interest...

Today's oil price falls over US election uncertainty and weak global economy
07 November 2012 Oil prices fell today due to weakness in the global economy and oil...

Statoil extends well service agreement with Aker Solutions
06 November 2012 Statoil has extended its mechanical wireline services contract with Aker Solutions for Statoil operated fields and mobile drilling units on the Norwegian continental...

Brent crude flat ahead of US election uncertainty and euro crisis
06 November 2012 Brent crude remained steady at just less than $108 a barrel today regarding the uncertainty ahead of the US elections and renewed worries about Greece and the eurozone...

Cyprus to develop Mediterranean reserves amid Turkey warnings
06 November 2012 Cyprus has said it will continue to further develop potential oil and gas reserves in the east Mediterranean Sea, despite growing tensions with neighbouring country...

Apache acquires North Sea and Suriname exploration licenses
05 November 2012 US-based oil and gas company Apache has received 11 new petroleum exploration licenses from the UK's Department of Energy and Climate Change, in the North...

Today's oil price rises over US elections and demand concerns
05 November 2012 Oil prices were boosted today as investors remained focused on the US presidential elections and demand...

Zetron's TETRA technology supports Exxon Neftegas's Chayvo field
05 November 2012 US-based Zetron's advanced TETRA technology has enabled the coordination of safety and operational communications within the remote Exxon Neftegas Chayvo oil field on Sakhalin Island, off...

Today's oil price falls ahead of US job data
02 November 2012 Oil prices fell today as investors waited for key jobs data from the US for more clarification on economic recovery, which would boost fuel...

Statoil to close Glitne oil field in North Sea
02 November 2012 Statoil has decided to close the Glitne oil field in the Sleipner area of the North Sea after extending its lifetime several...

Oil and gas professionals unsatisfied with flagging pay rises
02 November 2012 Oil and gas professionals are unsatisfied that their pay packets have failed to rise with inflation, research conducted by Change Recruitment Group has...

Aquaterra Energy wins contract for BP's Caspian Sea project
01 November 2012 UK-based Aquaterra Energy, a supplier of offshore engineering services and centraliser products, has received a contract to design and install 260 centralisers for BP...

GE receives subsea contract for Chevron project in West Africa
01 November 2012 GE Oil & Gas has secured a $165m contract to supply production equipment for Chevron's Lianzi project, situated offshore between Angola and the Republic of...

Today's US crude gains on demand concerns after Sandy and Chinese data
01 November 2012 US crude gained six cents at $86.30 a barrel today as investors focused on the storm Sandy's rampage across the US East Coast and new data from China, hinting at its...

October 2012

Top

Petrobras posts 4.8% production rise for September 2012
31 October 2012 Petróleo Brasileiro recorded a 4.8% rise in international oil production in September, compared to the previous...

Ithaca Energy receives licenses in UK 27th Offshore Licensing Round
31 October 2012 Ithaca Energy has been awarded with two operated licenses in the UK's 27th Offshore Licensing...

Today's Brent price steady as demand eases in storm hit US
31 October 2012 Brent crude fell by one cent to stand at $109.07 a barrel as fuel demand eased in storm hit regions of the United States even as refineries resume operations...

Oil markets decline for second consecutive day over Hurricane Sandy
30 October 2012 Oil markets declined for the second consecutive day as Tropical Cyclone Sandy lead to the closure of East Coast refineries in the...

Adira Energy signs farm-out agreements with Tohar Hashemesh
30 October 2012 Canada-based Adira Energy has entered into a series of agreements with Tohar Hashemesh to farm-out part of its...

PTT Exploration and Production shareholders agree $3.1bn share sale
30 October 2012 Thailand's national oil company, PTT Exploration and Production (PTTEP), has received approval from its shareholders to go ahead with a proposed $3.1bn share...

Oil falls after US refineries cut output ahead of Hurricane Sandy
29 October 2012 Oil markets fell today as US East Coast refineries cut output ahead of approaching Hurricane Sandy, which reduced crude use in the world's largest oil...

Aker Solutions acquires fabrication facility in Norway
29 October 2012 Aker Solutions has acquired a fabrication facility in Sandnessjøen, Norway, from Ruukki Construction Norge for an undisclosed...

Chevron makes gas discovery in Satyr-4 exploration well
29 October 2012 Chevron Australia, a subsidiary of Chevron Corporation, has discovered around 67m of net gas pay in the Satyr-4 exploration discovery...

Shell to acquire interests in North Sea Beryl fields
26 October 2012 Royal Dutch Shell has signed an agreement with Hess Corporation to acquire its interests in the Beryl fields and the Scottish Area Gas Evacuation System (SAGE) for a total consideration of...

UK announces 27th offshore licensing round winners
26 October 2012 The UK Government has announced the winners of 167 new production licences in its 27th offshore oil and gas licensing...

Today's oil price falls ahead of GDP data from US
26 October 2012 Oil prices fell today as investors waited for key US economic data to estimate the oil demand growth...

Today's oil price gains over positive US economic data
25 October 2012 Oil prices were boosted today thanks to the positive economic data from the US, the world's top oil consumer, which revived hopes of a recovery in demand growth. However the gains were...

Statoil confirms oil discovery in Peregrino field, offshore Brazil
25 October 2012 Statoil and its partner Sinochem have completed the drilling of appraisal well 3-STAT-8-RJS at the Peregrino field, 85km offshore of...

Brazil's petroleum regulator approves Sinochem stake purchase
25 October 2012 Brazil's petroleum regulator, the National Petroleum Agency, has approved the purchase of ten percent interest by Chinese oil company Sinochem in five offshore blocks in the...

FMC Technologies forms JV with Edison Chouest Offshore
24 October 2012 FMC Technologies and Edison Chouest Offshore have formed a joint venture (JV) to provide integrated vessel-based subsea services for offshore oil and gas fields...

Today's oil price gains over positive Chinese economic data
24 October 2012 Oil prices rose today after having previously fallen for six consecutive days, after China's positive PMI data revealed a gradual recovery in the world's second largest oil...

One-third of UK offshore helicopter fleet grounded
24 October 2012 One-third of the UK's offshore helicopter fleet was grounded yesterday after a helicopter dipped into the North Sea on...

Statoil divests North Sea asset portfolio for $1.45bn
23 October 2012 Statoil has signed an agreement with German oil and gas company, Wintershall, to divest some of its assets located on the Norwegian Continental Shelf...

Today's oil prices rise over Middle Eastern tensions
23 October 2012 Oil prices rose again today amid news of a recovery of Asian shares, the euro and base metals, although tensions still remain in the Middle East, offering additional...

Opito signs MoU with Petronas for safety and training programme
23 October 2012 The Offshore Petroleum Industry Training Organization (Opito), a UK trade organisation, has signed an agreement with Malaysia's national oil company Petronas for technical training and...

BP confirms integrity of Macondo well
22 October 2012 UK-based BP has completed a three day survey to identify potential sources of a surface sheen near Mississippi Canyon block 252 in the Gulf of...

Apache signs PSC with Staatsolie Maatschappij Suriname
22 October 2012 Apache has entered into an agreement with Staatsolie Maatschappij Suriname for a production sharing contract (PSC) for offshore block 53, located 130km off the north-west coast of...

Today's oil price rises over Middle Eastern tensions
22 October 2012 Oil prices were boosted today as concerns about supply disruptions remained, as fighting in Beirut, Lebanon and Palestine...

Aker Solutions receives umbilicals contract from ENI
19 October 2012 Oil services provider Aker Solutions has received a $50m contract from ENI for the Block 15\06 West Hub development project, in the Angolan deepwater...

Today's oil price - Brent holds steady as supply concerns recede
19 October 2012 Brent crude remained steady as it rose by two cents to hit $112.44 a barrel. However, it stayed on course for its third weekly fall in five weeks after news of production restarting on...

Cambridge Consultants develop technology to detect offshore oil leaks
19 October 2012 UK-based technology design and development firm Cambridge Consultants is developing a new technology that will help companies detect offshore oil leaks...

Aker Solutions opens Malaysian subsea service base
18 October 2012 Norwegian oil services company Aker Solutions has opened a new 13,680 square metre subsea lifecycle service base in the Federal Territory of Labuan in Eastern...

Today's Brent crude price slips over North Sea delays
18 October 2012 Brent December crude slipped 78 cents to settle at $113.22 a barrel, aided by North Sea production and delays to cargoes, which are expected to...

Technip forms alliance with Heerema for deepwater projects
18 October 2012 Technip has entered into a worldwide alliance agreement with Heerema Marine Contractors to combine their operational strengths for offering services in the subsea ultra-deepwater...

Today's US crude price gains over rise in stocks
17 October 2012 US November crude gained 24 cents to settle at $92.09 a barrel, while expiring Brent November crude lost 73 cents to go off the board at $115.07 a...

Norway to set high carbon tax on oil and gas production
17 October 2012 Norway has decided to increase the carbon dioxide tax rate for its offshore oil and gas production from €28 to more than €55 (210NOK to 410 NOK) per ton of CO2 in...

AAR may sell TNK-BP stake for $28bn
17 October 2012 Russian consortium AAR has agreed to outline a deal to sell its stake in TNK-BP to oil giant Rosneft for about...

Wärtsilä wins supply contract for Australia's Ichthys project
17 October 2012 Wärtsilä Moss has secured a contract to supply inert gas generator (IGG) units to two identical IGG skids for installation in a hazardous area from Daewoo Shipbuilding & Marine Engineering Co...

Today's Brent crude price rises over North Sea production delays
16 October 2012 Brent November crude climbed $1.18 to settle at $115.80 a barrel, aided by support from North Sea production delays, as it was revealed that it will take more time to restart Nexen's Buzzard...

Sierra Leone grants petroleum license to Minexco and Signet
16 October 2012 On 21 September 2012 Sierra Leone's Parliament ratified a petroleum license for Block SL7A-10 to be executed by Minexco and Signet...

FoundOcean receives North Sea repair and strengthening contracts
16 October 2012 Scotland-based FoundOcean has received five inspection, repair and maintenance (IRM) contracts for platforms located in the North Sea which will be complete by the end of...

Technip JV wins Chinese subsea contract
15 October 2012 China National Offshore Oil Corporation (CNOOC) Deepwater Development has awarded a €200m contract to Technip in a consortium with Offshore Oil...

Today's oil price slips over weak economic growth
15 October 2012 Oil markets slipped for the second consecutive day today because of a weak economic outlook, although rising supply concerns regarding escalating tension in the Middle East kept losses in...

Maersk Oil farms out 40% interest to Tullow Oil
15 October 2012 Maersk Oil's farm out of 40% interest in its licence covering Block 9 (Tooq) in Baffin Bay, offshore of Greenland, has been approved by Naalakkersuisut, Greenland's...

Lundin Petroleum completes drilling in North Sea
12 October 2012 Lundin Norway has announced it has completed the drilling of exploration well 6201/11-3 located in the North...

Welltec and Aker win wire line tractor contracts from Statoil
12 October 2012 Staoil has awarded Welltec and Aker Well Services a contract to provide wire line tractor services for Statoil-operated fields on the Norwegian continental shelf...

Today's US crude price rises on job data
12 October 2012 US crude rose by 18 cents at $92.25, owing to a drop in jobless claims last week which fell to the lowest level in more than four years, thereby offering a positive economic...

New draft law demands safety for European offshore drilling
11 October 2012 New draft legislation from the European Energy Committee calls for the submission of major hazard reports and emergency response plans by offshore oil and gas firms before being issued a...

Today's oil prices boosted by supply fears
11 October 2012 Oil prices were boosted today because of increased fears over oil supplies, due to the escalating tensions in the Middle Eastern...

Cyprus to finalise short-list for projects in Levant basin
11 October 2012 Cyprus is expected to create a shortlist of final bidders for offshore oil and gas contracts in the energy-rich East Mediterranean...

Ithaca Energy acquires stake in North Sea's Cook, MacCulloch fields
10 October 2012 Ithaca Energy has entered into agreements with Noble Energy Capital to acquire two UK subsidiary companies that will hold non-operated interests in UK North Sea producing...

Today's oil price falls on escalating Middle East tensions
10 October 2012 Oil prices fell today because of rising tensions between Turkey and Syria, while a firm US dollar index also affected markets as investors refrained from risk taking measures, apart from delays...

ODYE acquires exploration blocks offshore of Sierra Leone
10 October 2012 ODYE and its partners, Chevron and Noble Energy, have received participating interest in two offshore deepwater exploration blocks from the Sierra Leone...

W&T Offshore acquires assets from Newfield Exploration
09 October 2012 W&T Offshore has completed the acquisition of exploration and production properties in the Gulf of Mexico from the Newfield Exploration Company and its subsidiary, Newfield Exploration Gulf...

Today's oil markets rise on Middle Eastern tensions
09 October 2012 Oil prices rose today as supply concerns related to the escalating tensions between Syria and Turkey continue and threaten to spread to other countries in the...

Iranian oil platforms face cyber attack
09 October 2012 Cyber attacks against communication networks on Iranian offshore oil and gas platforms during the past few weeks have been warded off, according to a state...

Uruguay's Government signs production contracts with four companies
08 October 2012 Uruguay's Government has signed production sharing contracts with four oil and gas companies for eight deepwater exploration blocks offshore of the...

US crude declines over fall in unemployment rate
08 October 2012 US crude declined today by 90 cents to $88.98 a barrel due to a surprise drop in the US jobless rate and a firm dollar exchange...

Lundin Petroleum confirms Barents Sea gas discovery
08 October 2012 Lundin Petroleum has made a significant gas discovery in the Salina structure located on the west flank of the Loppa High in the Barents...

BP confirms start of North Sea Devenick gas project
05 October 2012 BP has confirmed the successful start-up of the Devenick gas project located in the central North...

Today's oil price falls over Middle East tensions
05 October 2012 Oil prices fell today because of rising tensions in the Middle East after the EU stepped up plans to ban Iranian gas imports, while the continuing global economy woes remain regarding weak oil...

Oil & Gas UK calls for paper submission for Scottish conference
05 October 2012 Trade organisation Oil & Gas UK has issued a call for papers to be presented at its major offshore safety conference Piper 25, to be held from 18 to 20 June...

Today's oil price - Brent rises over European Central Bank meeting
04 October 2012 Brent futures rose by 40 cents to $108.57 per barrel after the slowdown which occured yesterday, aided by news of a jobs data report from the US and further speculation about stimulus...

Statoil and partners sign $1.6bn rig charter contracts
04 October 2012 Statoil and its partners have signed contracts worth NOK 9.17bn ($1.6bn) regarding rig charters for three drilling vessels expected to be used on the Norwegian continental...

Aker Solutions to supply equipment for Norway's Visund field
04 October 2012 Aker Solutions has received a contract worth NOK 300m ($52.2m) to supply subsea equipment for the Visund field which is found on the Norwegian continental...

Expansion work halted on Snøhvit license in Barents Sea
03 October 2012 Consortium partners involved with the Snøhvit license have announced plans to halt expansion work on the license, located in Barents Sea, as the current gas discoveries indicate expansion is...

Aker Solutions wins wire line tractor service contract
03 October 2012 Aker Solutions has secured a contract from Statoil to deliver wire line tractor services on the Norwegian continental...

Today's oil price slips thanks to sluggish global demand
03 October 2012 Oil markets fell today because of sluggish global oil demands, while investors were worried about Europe's debt crisis...

Today's oil price slides due to weak global economy
02 October 2012 Oil markets fell today, owing to slow oil demand and weak global economy, which is under continual threat due to supply...

Kohlberg Kravis Roberts acquires majority stake in Acteon
02 October 2012 An affiliate of Kohlberg Kravis Roberts (KKR) has announced the acquisition of a majority interest in the Acteon Group from First...

Lundin Norway to complete drilling of North Sea appraisal wells
02 October 2012 The Norwegian Petroleum Directorate has announced that Lundin Norway is set to complete drilling of appraisal wells 16/2-13 S and 16/2-13 A in the North...

Aker Solutions wins umbilical contract from Murphy Exploration
01 October 2012 Aker Solutions has received a contract from Murphy Exploration & Production to provide two production control umbilicals and three umbilical termination assemblies...

Aker Solutions wins Brunei Shell Petroleum (BSP) contract
01 October 2012 Aker Solutions has received a contract worth $400m (NOK2.3bn) from Brunei Shell Petroleum (BSP) to provide offshore construction and maintenance services for BSP's assets located offshore of...

Today's oil prices slip on China and Japan's weak economic status
01 October 2012 Oil prices fell today because of an uncertain global economy which could hurt oil demands, following news of a weak economic status in China and Japan and the continuing eurozone debt...

September 2012

Top

Scotland launches investment fund for oil and gas projects
28 September 2012 Scotland has launched an investment fund worth £10m and is seeking applications from oil and gas companies for projects which can help to improve the integrity and reliability of oil and...

Today's oil price gains over Spain's economic reforms
28 September 2012 Oil markets were boosted today, after new economic reform plans were announced by Spain for the next year, which eased investor concerns regarding Europe's fiscal crisis, while supply worries...

Chevron pays fine for Frade field oil spill
28 September 2012 Chevron has paid £10.65m for a fine levied by ANP, Brazil's petroleum regulator, in relation to an oil spill charge due to its operations in the Frade field, which is north-east of Rio de...

Today's oil markets boosted by Middle Eastern supply fears
27 September 2012 Oil markets rose today, as investors worried about supply disruptions from the Middle East and the increasing eurozone debt crisis, which may hinder global oil demand, thereby capping...

Lebanon to start drilling for offshore gas reserves
27 September 2012 Lebanon has announced it is set to commence offshore natural gas drilling, after it found a large number of gas reservoirs along its...

CHAMP Private Equity to acquire stake in Miclyn Express Offshore
27 September 2012 Funds and entities associated with CHAMP Private Equity have agreed to acquire a 33.2% stake in Miclyn Express Offshore from Macquarie Capital Group, for a total consideration of...

Today's oil prices – Brent gains amid geopolitical fears
26 September 2012 Oil prices went up today amid geopolitical fear, aroused after Iran tested a domestically made anti-aircraft...

Seawolf signs rig supply deal with ExxonMobil
26 September 2012 Nigeria-based indigenous offshore drilling firm Seawolf Oilfields has agreed to supply one of its three jack up rigs to the American oil firm ExxonMobil, as part of a two-year contract...

Saipem wins Angola, Kazakhstan and North Sea contracts
26 September 2012 Saipem's Engineering and Construction business unit has won offshore contracts worth approximately $950m in Angola, Kazakhstan and the North...

Norwegian oil worker union reaches agreement to vote on deal
25 September 2012 The Norwegian Oil and Gas Association have reached an agreement with trade union Industri Energi, avoiding a potential strike which could have halted energy...

Palestinian National Authority seeks permission for Gaza Strip gas fields
25 September 2012 The Palestinian National Authority (PNA) is currently in negotiations with Israel, seeking permission to develop natural gas fields off the coast of the Gaza Strip, report...

Today's oil prices - Brent slips to $110 a barrel
25 September 2012 Brent crude lost 11 cents, at $109.70 a barrel, at 0631 GMT as weak demand in the global economy subdued rising tensions surrounding...

AMEC to acquire Brazil's Kromav Engenharia
24 September 2012 AMEC, a UK-based international engineering and project management company, has entered into a deal to purchase a 50% stake in a Brazilian oil and gas company, Kromav Engenharia, for an...

Today's oil slides over firm dollar and weak growth
24 September 2012 Oil prices fell today, over a firm dollar and weak economic data in key consumer nations, although central banks in the US, Europe and Japan have announced stimulus...

Shell secures limited drilling permit in Beaufort Sea
24 September 2012 Royal Dutch Shell has secured a limited drilling permit from the US Department of Interior's Bureau of Safety and Environmental Enforcement to drill one exploration well in the Beaufort Sea, off...

Today's oil price gains over Libyan unrest and North Sea supplies
21 September 2012 Oil markets rose today after concerns about unrest and instability in Libya and lower production rates in the North Sea renewed worries about supply...

Chevron encounters gas pay offshore of Australia
21 September 2012 Chevron Australia, a subsidiary of Chevron, has encountered gas pay at the Satyr-2 well located in the Greater Gorgon Area of the Carnarvon Basin, offshore of...

GE signs subsea wellhead production contract with Petrobras
21 September 2012 GE Oil and Gas has signed the world's largest subsea wellhead production contract, worth nearly $1.1bn, with Brazilian energy company...

Today's oil price slips over China data and Saudi commitment
20 September 2012 Oil prices fell today as the HSBC Flash China manufacturing purchasing managers' index (PMI) for September was 47.8, below the 50-mark, and Saudi Arabia continued its commitment to keep oil...

Newfield Exploration unit sells Gulf of Mexico assets
20 September 2012 Newfield Exploration and its subsidiary, Newfield Exploration Gulf Coast, have entered into an agreement to sell all of its exploration and production properties located in the Gulf of Mexico...

Falkland Oil and Gas reports discovery at Loligo well
20 September 2012 Exploration company Falkland Oil and Gas has discovered gas at the Loligo well, located offshore of the Falkland...

Today's oil price rises over Japan stimulus plan
19 September 2012 Oil prices rose today after the Bank of Japan announced plans to initiate asset purchases, in a bid to ease its monetary policy in the face of a slowing global...

Technip wins FPSO contract for Ichthys LNG project
19 September 2012 Technip has received a €210m contract to provide offshore commissioning services for the Ichthys LNG project, located in the Browse Basin, Western...

Kongsberg wins supply contract for Mexican training centre
19 September 2012 Kongsberg Maritime Simulation has signed a multimillion dollar contract with Oceanografia, under which it will supply equipment for an offshore simulation training centre to be located in...

Ithaca Energy reports rise in flow rates at Athena field
18 September 2012 Ithaca Energy has reported a minor increase in flow rates at the P1 well, part of the Athena field, situated in block 14/18b in the Outer Moray Firth area of the UK continental...

DeepOcean FEED study to test trenching system for Arctic conditions
18 September 2012 DeepOcean will deliver a front-end engineering and design (FEED) study as part of a programme to develop a trenching system for subsea pipelines, flowlines and umbilicals in ice scour...

Today's oil price falls over impact of stimulus measures
18 September 2012 Oil prices fell today as investors assessed the impact of the release of the US Federal Bank's open ended stimulus measures on oil...

Today's oil price rises over Federal Bank stimulus measures
17 September 2012 Oil prices rose today for the eighth straight session, backed by the US Federal Reserve's stimulus measures to help boost the world's highest oil consumer and cut unemployment...

Shell postpones Artic drilling until 2013
17 September 2012 Shell has announced that it will postpone drilling operations in the Arctic until 2013 after a final test on its environmental protection equipment failed to meet the appropriate...

Samsung Heavy Industries to construct FSU for Heidrun field
17 September 2012 Samsung Heavy Industries has received an engineering, procurement and construction contract worth $230m to construct a new permanent floating storage unit (FSU) for the Heidrun field in...

BP to sell Draugen field stake to Shell
14 September 2012 BP has unveiled plans to sell its 18.36% stake in the Draugen field, located in the Norwegian Sea, to Norske Shell for a total consideration of...

Today's oil price - Brent rises on US stimulus plan
14 September 2012 Brent crude rose today for the seventh consecutive session, aided by the US Federal Bank's launch of a stimulus programme designed to stimulate the...

Australia grants seven new oil exploration permits
14 September 2012 Australia has granted seven new oil exploration permits off the coasts of the Northern Territory and Western Australia as part of round two of the 2011 exploration Acreage...

Lundin Petroleum completes drilling at Berangan-1 well
13 September 2012 Lundin Petroleum has completed the Berangan-1 well in the SB303 Block, located offshore of Sabah,...

Bangladesh approves PSC for natural gas prices
13 September 2012 The federal government of Bangladesh has approved a model production sharing contract (PSC) for raising the price of natural gas in a bid to entice exploration...

Today's oil price boosted over US crude stocks, Libyan unrest
13 September 2012 Oil prices rose today as investors await a policy decision by the US Federal Reserve Bank, which may bring about further stimulus measures to sustain the world's largest oil...

Anadarko to drill first test well offshore New Zealand
12 September 2012 US-based oil and gas company Anadarko will begin drilling the first test well of a two well drilling programme off the coast of Oamaru in New Zealand in November or December,...

Today's oil price – Brent crude rises for fifth time to $115
12 September 2012 Brent crude gained 35 cents at $115.75 a barrel, which is the fifth consecutive rise in a session marked by hopes for the approval of a bailout fund for the eurozone from a court in...

Sea ice stops Shell drilling in the Arctic Sea
12 September 2012 Royal Dutch Shell has shutdown drilling operations in the Chukchi Sea in the Arctic, as sea ice moves towards its drill...

Pancontinental encounters gas at Mbawa 1 well, offshore Kenya
11 September 2012 Pancontinental Oil & Gas announced the presence of gas at the Mbawa 1 exploration well in the L8 licence area, offshore of...

BP sells oil and gas assets to Plains Exploration for $5.55bn
11 September 2012 British oil giant BP has agreed to sell its interests in a number of oil and gas properties, located in the deepwater Gulf of Mexico, to the Plains Exploration & Production Company for...

Brent slips ahead of US Federal Reserve meeting
11 September 2012 Brent crude fell 28 cents to $114.53 a barrel ahead of the US Federal Reserve bank meeting, as investors hope for the launch of more stimulus measures due to weak economic...

BP to deploy oil recovery technology at Clair Ridge
10 September 2012 BP, ConocoPhillips, Chevron and Shell have announced plans to deploy reduced salinity water injection (LoSal EOR) technology to boost oil production at the Clair Ridge development located west...

UK announces tax break for North Sea oil and gas fields
10 September 2012 UK Chancellor George Osborne has unveiled a new tax measure to support investment in older fields by allowing companies to shield some income from the supplementary charge on their...

Brent crude remained steady amid weak Chinese oil data
10 September 2012 Brent crude rose 18 cents at $114.43 a barrel over hopes of more stimulus measures from the US and weak oil data in China, as exports...

Vostochniy Offshore to perform Arctic drilling study
07 September 2012 Rosneft and ExxonMobil have selected the Vostochniy Offshore Structures Construction Yard (VOSTCO Yard) to undertake a feasibility study for a platform which is capable of exploring the...

Worthington Energy starts initial production from Mustang well
07 September 2012 US-based Worthington Energy has commenced production from well I-1, located in Mustang Island 818 Lease position in the shallow waters of Kleberg County, Texas, in the Gulf of...

Oil gains over ECB bond deal, strong job data
07 September 2012 Oil prices rose today, empowered by the European Central Bank's announcement of a bond buying programme and a strong jobs data report which showed that jobless claims fell last week in the...

DNO International resumes production from West Bukha field
06 September 2012 DNO International has resumed production from Block 8 in the West Bukha field offshore Oman, following at five month shutdown due to a pipeline blockage....

Oil gains over ECB meet
06 September 2012 Oil prices gained today over hopes that the European Central Bank will announce more stimulus measures to contain the debt crisis at a meeting to be held later...

Apache confirms oil and gas reserves at Beryl Bravo well
06 September 2012 Apache has confirmed the presence of 8,161 barrels of oil per day (bo/d) and 5.9 million cubic feet of gas per day (Mmcf/d) at the Beryl Bravo B73y well, located in the UK North...

BP accused of gross negligence over Deepwater oil spill
05 September 2012 The US Department of Justice has accused British Petroleum of gross negligence and willful misconduct, as the 2010 oil spill in the Gulf of Mexico continues to be the company’s major issue. ...

Ithaca Energy completes drill test at Hurricane appraisal well
05 September 2012 Ithaca Energy has successfully completed a drill stem test (DST) at the Hurricane appraisal well, 29/10b-8, located in the Greater Stella area of the UK Central North...

Brent prices fall ahead of ECB meet
05 September 2012 Brent crude fell 18 cents to $114 a barrel today ahead of the impending European Commercial Bank meeting on 6th September, where investors expect more stimulus measures to contain the Euro...

Brent rise over hopes of stimulus from US and Europe
04 September 2012 Brent crude rose 23 cents to $116.01 per barrel for the fourth consecutive day on hopes of more stimulus measures from US and Europe in view of key policy meetings....

Gulf coast oil companies resume production after hurricane
04 September 2012 Oil companies have resumed work along the US Gulf Coast after Hurricane Isaac forced the shutdown of 94% of oil and gas...

Total acquires 40% interest in Myanmar offshore block
04 September 2012 French oil group Total has acquired a 40% interest in the production sharing contract covering offshore block M-11 in the Martaban basin, from PTT Exploration and Production (PTTEP), for...

Statoil bags drilling permit for Johan Sverdrup well
03 September 2012 Norwegian oil company Statoil has obtained a drilling permit for appraisal well 16/2-14 from the Norwegian Petroleum Directorate (NPD) in production licence 265 in the central North...

Statoil and Rosneft to form JVs for Russian exploration
03 September 2012 Norwegian oil firm Statoil and Russia's state-owned Rosneft have agreed to establish joint ventures (JV) to explore four offshore license areas in...

Oil slides over weak China data
03 September 2012 Brent crude fell marginally by 17 cents to 114.37 a barrel today, due to weak Chinese data, suggesting a continued economic slowdown in the world's second largest oil...

August 2012

Top

Oil and Gas UK report indicates increased offshore workforce
31 August 2012 Oil & Gas UK's 2012 Demographics Report has revealed that the number of people working offshore in the UK oil and gas industry increased by five percent between 2006 and...

Petróleos Mexicanos awards Arenque contract to Petrofac
31 August 2012 Oil and gas service provider Petrofac has been selected as the preferred bidder by Petróleos Mexicanos (Pemex) to develop the Arenque project located offshore of Mexico....

Brent rises amid supply concerns and Norway oil strike
31 August 2012 Brent crude rose by 11 cents to $112.65 a barrel today, aided by supply concerns and a possible strike by Norway's oil workers and maintenance work in North...

US oil industry may escape severe damage from Hurricane Isaac
30 August 2012 Big oil companies operating in the Gulf of Mexico may have escaped major damage to their platforms as Hurricane Isaac weakens to become a tropical...

CNOOC invites bids for offshore blocks in China
30 August 2012 China National Offshore Oil Corporation (CNOOC) has invited foreign exploration companies to bid for 26 more offshore blocks in...

Oil falls over limited damage from Hurricane Isaac
30 August 2012 Oil markets fell today as Hurricane Isaac, which hit the US Gulf Coast on Wednesday, caused limited damage to major refineries or offshore oil and gas...

Statoil makes oil discovery in North Sea Geitungen prospect
29 August 2012 Norwegian oil company Statoil has encountered a 35m oil column in exploration well 16/2-12, located in the Geitungen prospect on Utsira High, in the North...

Oil slips on reports Hurricane Isaac may spare Gulf Coast assets
29 August 2012 Oil prices fell today on hopes that Hurricane Isaac, a Category 1 storm, may spare oil production facilities on the Gulf Coast from...

Longreach Oil and Gas signs agreement with Cairn Energy
29 August 2012 UK-based Longreach Oil and Gas and Cairn Energy have signed a farm-in agreement for crude oil and natural gas exploration in the Foum Draa Offshore area, in...

Lundin Petroleum reports positive results from Johan Sverdrup well
28 August 2012 Lundin Norway, a wholly-owned subsidiary of Lundin Petroleum, has announced positive results from a drilling programme completed in PL501 in the North...

Saudi Aramco back in business after cyber attack
28 August 2012 Saudi Arabian oil giant, Saudi Aramco, said it has restored its main internal network services after a computer virus affected 30,000 work stations in...

Aker Solutions wins equipment supply contract in Brazil
28 August 2012 Norwegian oil services firm Aker Solutions has received a contract from Jurong Shipyard to provide drilling equipment packages for six drill ships being built in...

Oil slips as Tropical Storm Isaac raises supply concerns
28 August 2012 Oil markets slipped today because of supply concerns in the Gulf of Mexico, as Tropical Storm Isaac threatened to turn into a...

Faroe Petroleum to abandon Cooper well in Norwegian Sea
27 August 2012 Faroe Petroleum will plug and abandon a dry well located in production license PL 477 in the Norwegian Sea, after reporting disappointing drilling...

Oil gains over supply worries due to Tropical Storm Isaac
27 August 2012 Oil prices rose today over supply worries as Tropical Storm Isaac, a Category 2 hurricane may cut 85% of offshore oil production in the Gulf of Mexico....

Mediterranean Oil & Gas agrees for farm-out agreement with Genel Energy
27 August 2012 Phoenicia Energy, a wholly owned subsidiary of Mediterranean Oil & Gas, has signed a conditional farm-out agreement and area of mutual interest agreement with Genel...

Faroe Petroleum acquires Darwin prospect stake
24 August 2012 Faroe Petroleum has purchased a 12.5% interest in the Darwin prospect, located in the Norwegian Barents Sea, from Talisman...

Brent settles down as stimulus hopes fade
24 August 2012 The price of Brent crude declined, before settling ten cents higher at $115.01 a barrel today, amid doubts of fresh stimulus measures from the US Federal Reserve Bank and Europe's ability...

Statoil to invest in North Sea's Gullfaks South field
24 August 2012 Norwegian oil company Statoil and its partner Petoro have agreed to invest NOK 8.5bn ($145.29m) to develop the Gullfaks South field located in the North...

Brent rises on hopes of US stimulus measures
23 August 2012 Brent crude rose $1.21 to $116.12 a barrel today amid hopes of fresh stimulus measures from the US Federal Reserve Bank, which could boost oil...

UK Oil & Gas optimistic over rise in Q2 activity
23 August 2012 A business confidence index published by Oil & Gas UK says the nation's upstream oil and gas industry is maintaining a stable and positive outlook for the second quarter of...

Baker Hughes wins drilling service contract from Statoil
23 August 2012 US-based oilfield services supplier Baker Hughes has been awarded a NOK 3bn ($510.13m) contract by Statoil to provide integrated drilling services for 25 oil fields in the Norwegian...

Inpex to acquire offshore block in Angola
22 August 2012 Inpex will acquire a 9.99% indirect interest in Block 14 offshore of the Republic of Angola from France-based Total for an undisclosed...

Brent crude remains steady over European policy hopes
22 August 2012 Brent crude remained steady at 114.68 a barrel after gaining four cents, over hopes that European policymakers will act to resolve the continent's debt...

Spectrum to acquire multiclient 3D survey offshore Lebanon
22 August 2012 Norway-based oil services company Spectrum has signed an agreement with the Lebanon Ministry of Energy and Water (MEW) to acquire a new multiclient 3D seismic survey in the Levantine...

Shell to begin Arctic drilling in 2012
21 August 2012 Royal Dutch Shell has announced that it intends to begin drilling operations off the northern coast of Alaska this year,...

Leni to sell exploration leases in Gulf of Mexico
21 August 2012 UK-based Leni Gas and Oil (LGO) has announced the sale of its interests in two exploration leases in the US Gulf of Mexico to Byron Energy for a total consideration of...

Oil gains amid hopes of European Central Bank policy
21 August 2012 Oil prices rose today as investors waited for decisive action by the European Central Bank to contain the eurozone debt...

Oil rises over North Sea output, blocked US plan
20 August 2012 Oil prices rose today as US plans to release strategic petroleum reserves faced opposition aided by hopes for a revival in North Sea crude output, which is expected to drop by 17% percent...

Norwegian offshore industry needs to change says panel
20 August 2012 A panel of Norwegian oil and gas experts has called for changes in the country's offshore sector, which has been struggling to experience growth in production since...

Ecopetrol encounters oil and gas pay at Parmer prospect #1
20 August 2012 Ecopetrol affiliate Ecopetrol America has announced that it has encountered oil and gas pay at Parmer prospect #1, located in the deepwater Gulf of...

3D Oil signs farm-in deal with Hibiscus Petroleum
17 August 2012 Australia-based 3D Oil has announced a A$27m ($28m) farm-in deal with Malaysia's Hibiscus Petroleum for an operating stake in the West Seahorse oil field in...

Oil dips over possible release of oil reserves by US
17 August 2012 Oil dipped below $114 today after the news that the US is likely to release oil reserves eased the concerns over oil supply disruption from the Middle...

PetroSA, Cairn India to explore oil and gas in South Africa
17 August 2012 South Africa's state-owned oil company PetroSA and Cairn India group have signed a farm-in agreement for crude oil and natural gas exploration in the Orange Basin, off the west coast of...

Oil gains on supply concerns in Middle East
16 August 2012 Supply concerns in the Middle East have surfaced once more, leading to a three-month high surge in oil price, which steadied at $116 a...

Wood Group wins Shell Prelude FLNG contract
16 August 2012 Wood Group PSN (WGPSN) has received an A$10m ($10.5m) contract to build a computerised maintenance management system for the Prelude floating liquefied natural gas (FLNG) facility located off...

Shell to explore Ukraine's Skifska oil field
16 August 2012 A consortium led by ExxonMobil and Royal Dutch Shell has been granted permission by the Ukrainian Government to explore the Skifska field, located in the Black...

Tangiers Petroleum bags exploration permit offshore Australia
15 August 2012 Australia-based Tangiers Petroleum has been granted petroleum exploration permit NT/P83 (NT/P83) by the National Offshore Petroleum Titles...

Oil slides over favourable conditions in Middle East
15 August 2012 Oil prices declined to less than $114 today as tensions in the Middle East eased, after the US said it did not believe Israel had made a decision to attack...

Statoil farms down 25% interest in Mozambique licence
15 August 2012 Norwegian oil firm Statoil has announced that it will farm down a 25% working interest in exploration licence offshore Mozambique to Tullow Oil for an undisclosed...

Oil gains ahead of US, EU data
14 August 2012 Oil prices got a boost today as tensions in the Middle East worsened and investors await the release of economic growth data from Europe, which could gauge the region's oil demand...

Petrobras announces oil at Carcara prospect, offshore Brazil
14 August 2012 Brazil's state-owned oil company Petrobras has discovered 400m of continuous and connected oil reserves on the Carcara prospect located offshore...

ONGC finds new reserves offshore of India
14 August 2012 India's Oil and Natural Gas Corporation (ONGC) has discovered a new pool of reserves in the D1 oilfield located off the west coast of the...

Brent rises to three month high over supply concerns
13 August 2012 Brent crude rose by 41 cents up at $113.36 a barrel, its highest since 4 May 2012, stoked by Israeli Prime Minister Benjamin Netanyahu's comments on preventing Iran's disputed nuclear...

Alcoa deploys drill pipe in Iron Duke Well C offshore Brunei
13 August 2012 Alcoa's Oil and Gas division has deployed 1,800m of Aluminum Alloy Drill Pipe (AADP) to the Iron Duke Well C offshore of Seria,...

ATP Oil and Gas negotiating loan to prevent bankruptcy filing
13 August 2012 ATP Oil and Gas Corp is currently negotiating for a loan of approximately $600m from Credit Suisse Group and could file for bankruptcy protection in the coming...

Providence Resources wins licensing option in North Celtic Sea
10 August 2012 Irish oil and gas firm Providence Resources and UK-based Landsdowne Oil and Gas have been awarded a new licensing option for five part blocks adjacent to the Barryroe oil field by the...

Oil dips on slow China data
10 August 2012 Oil prices fell today following a one percent rise in China's July exports compared to the same period in 2011, while oil demand slowed in the US and...

Exxon-led group and Lukoil bid for Ukraine's Skifska field
10 August 2012 Russian oil producer Lukoil Holdings and a group led by ExxonMobil have placed bids for oil and gas exploration in the Skifska field located in Ukraine's Black...

McDermott International unit wins Gulf of Mexico contract
09 August 2012 A subsidiary of engineering and construction company McDermott International has won a contract from Williams Partners to provide transport and installation services for the Gulfstar FPS GS-1...

Oil rise on China stimulus measures
09 August 2012 Oil prices rose today over hopes of China rolling out more stimulus measures to boost its slowing economy which has declined for six straight...

Argentina issues warning against companies in the Falklands
09 August 2012 Argentina's National Securities Commission (CNV) has officially warned hydrocarbon companies operating in the Argentine continental shelf, offshore of the disputed Falklands / Malvinas...

Oil slides on supply worries
08 August 2012 Oil prices fell today amid worries about decreasing oil output from the North Sea, while investors hoped for more stimulus measures from the US, China and...

Reliance Industries approved for $1bn investment in India gas fields
08 August 2012 India's Reliance Industries (RIL) has won conditional approval for the proposed $1bn investment in the KG-D6 gas block located offshore of...

Cubapetroleo reports second dry well in the Gulf of Mexico
08 August 2012 Cuban state oil company Cubapetroleo has reported a second dry well in the Gulf of Mexico following drilling operations in...

Oil prices slide over EU measures and Middle East tensions
07 August 2012 Oil prices fell today as investors hoped the EU would take action to tackle the regions debt crisis while supply concerns from the Middle East and the North Sea continued....

Helicopters New Zealand wins support services contract with Shell
07 August 2012 Helicopters NZ (HNZ), a subsidiary of Canadian Helicopters Group, has secured a $40m contract from Shell Global Solutions International to provide support services for its oil and gas operations...

Argentina and Venezuela to explore Falklands oil
07 August 2012 Venezuela's state-run Petróleos de Venezuela (PDVSA) and Argentine energy company Yacimientos Petrolíferos Fiscales (YPF) are planning to conduct exploration activities around the nearby...

Technip wins Upper Zakum project engineering contract
06 August 2012 Technip has received a contract from the Zakum Development Company (ZADCO) for the Upper Zakum 750K offshore project in Abu Dhabi,...

Brent steady over positive US jobs data, euro stimulus measures
06 August 2012 Brent crude remained steady, rising one cent to $108.95 a barrel thanks to a positive jobs data report from the US, with talk of more stimulus measures by the eurozone to support...

Petrobras, BP announce oil discovery offshore Brazil
06 August 2012 Brazil's state-owned oil company Petrobras and BP have announced an oil discovery in a deep-water well located in the Ceara Basin offshore of...

Eni makes new gas discovery offshore of Mozambique
03 August 2012 Italian oil and gas company Eni has made a new natural gas discovery at the Mamba North East 2 exploration prospect in the eastern part of Area 4, offshore of...

Apache announces production hike at North Sea Bacchus Field
03 August 2012 US-based oil and gas explorer Apache Corporation has increased its oil production at the Bacchus Field in the UK sector of the North...

Oil rises over Middle East and North Sea supply concerns
03 August 2012 Oil prices were boosted today amid supply concerns from the Middle East and the North Sea; but gains were capped due to a slowing global...

Brent steady as investors await European Central Bank outcome
02 August 2012 Brent crude rose by seven cents to $106.03 a barrel ahead of the European Central Bank (ECB) meet later today, where investors expect policy easing measures to be...

Noble Energy restarts Leviathan field drilling programme
02 August 2012 US-based Noble Energy has unveiled plans to start the next round of deep sea drilling at the Leviathan field, offshore of Israel in...

Tetra Technologies acquires Greywolf Production Systems
02 August 2012 US-based oil and gas services company Tetra Technologies has completed the purchase of Greywolf Production Systems (Greywolf) for a total consideration of $55.5m in...

Philippines opens bidding for prospects in South China Sea
01 August 2012 The Philippines has opened the bidding process for three oil and gas exploration areas in the South China Sea, two of which are located in waters claimed by...

Marine Well Containment Company demonstrates capping stack
01 August 2012 Marine Well Containment Company (MWCC) has completed the demonstration of an emergency response system at a simulated well in the Gulf of...

Oil slips over China data and US stimulus
01 August 2012 Oil markets fell today as China's factory purchasing managers' index dropped to an eight-month low in July, while investors await the outcome of the US Federal Reserve and European Central...

July 2012

Top

Lundin Petroleum plug Tiga Papan 5 well, Malaysia
31 July 2012 Sweden-based Lundin Petroleum will plug the Tiga Papan 5 well located offshore of Sabah in...

Chevron to develop Lianzi project offshore of Angola and Congo
31 July 2012 US-based Chevron has decided to proceed with the development of the Lianzi field located in a unitised offshore zone between the Republic of Congo and the Republic of...

Oil falls ahead of Federal and European Central Bank meet
31 July 2012 Oil markets fell today ahead of the impending central bank meetings in the United States and Europe, which investors fear may not help revive the global...

Lundin Petroleum spuds appraisal well offshore of Norway
30 July 2012 Lundin Norway, a wholly owned subsidiary of Lundin Petroleum, has commenced drilling on appraisal well 16/2-13 in the north-eastern part of the Johan Sverdrup...

Oil gains over hopes of stimulus measures
30 July 2012 Oil prices gained today amid hopes that the United States and Europe will announce new stimulus measures to raise flagging global oil...

Rialto Energy spuds Gazelle-P4 development well
30 July 2012 Australia-based oil and gas explorer Rialto Energy has started the initial drilling of the Gazelle-P4 development off the CI-202 block offshore of Côte...

Brent stands at $106 over positive ECB comments
27 July 2012 Brent crude rose by 86 cents to $106.12 a barrel over positive remarks from the European Central Bank (ECB) and hopes of new stimulus measures in the...

Centrica posts 15% rise in profits
27 July 2012 Centrica has reported a 15% rise in adjusted operating profits to £1.45bn for the period ended 30 June...

Shell inks production sharing contracts for China blocks
27 July 2012 Shell has signed two offshore oil and gas production sharing contracts (PSCs) with China National Offshore Oil Corporation (CNOOC) for blocks 62/02 and 62/17 in the Yinggehai Basin, offshore of...

UK announces tax relief for North Sea gas exploration
26 July 2012 The UK Government has announced a new tax relief to support gas investment in the UK Continental...

Brent stands at $104 over stimulus measure hopes
26 July 2012 Brent crude slipped ten cents to $104.28 a barrel as investors anticipated more US stimulus measures to support growth, while investors feared that tensions in the Middle East could affect...

Ophir Energy discovers gas at Equatorial Guinea's Tonel-1 well
26 July 2012 UK-based Ophir Energy has encountered a 182m gas bearing column in mid-Miocene aged sands at the Tonel-1 well in Block R, offshore of Equatorial...

Oil slides over eurozone, Middle East supply tensions
25 July 2012 Oil prices fell today over fresh worries about the eurozone's economic health, as data revealed a sixth straight monthly drop in the private sector, with a fall in manufacturing activity...

Chevron discovers gas offshore of Western Australia
25 July 2012 Chevron Australia has reported gas flows at the Pontus-1 exploration well, offshore of Western...

Talisman Energy divests stake in North Sea business for $1.5bn
25 July 2012 Sinopec International Petroleum Exploration and Production Corporation (Sinopec) will purchase a 49% equity interest in Talisman Energy UK (TEUK), for a total consideration of...

Oil gains over positive China data
24 July 2012 Oil prices rose today over positive manufacturing data from China in July which grew at its fastest pace in nine months, aided by pro-growth government...

Tap Oil approves Manora field development offshore Thailand
24 July 2012 Tap Oil has reached a final investment decision on the Manora oil development located in the Gulf of...

Eni to finance exploration works offshore Russia
24 July 2012 Eni Energy Russia has signed an agreement with Rosneft and its subsidiary Val Shatskogo to finance exploration activity at three offshore license blocks in...

General Electric signs maintenance contract with Chevron Australia
23 July 2012 General Electric has signed a 22-year contract with Chevron Australia to provide maintenance services for compressor trains and associated equipment at the Gorgon project, located off...

Oil slips over Euro debt crisis
23 July 2012 Oil prices fell today over fears that Spain may seek an international bailout package as two of its regions sought financial assistance from the central...

Petrofac wins engineering contract from Apache North Sea
23 July 2012 Oil and gas service provider Petrofac has received a three year extension from Apache North Sea to provide engineering services, in a contract worth £100m per...

Oil slips as Middle East tensions ease
20 July 2012 Oil markets slipped today as tensions over fears of possible supply disruptions in the North Sea and simmering tension in the Middle East easing...

Aker Solutions secures drilling riser contract from Atwood
20 July 2012 Aker Solutions has been awarded a contract to provide a deepwater drilling riser system to Atwood Oceanics, an oil and gas explorer based in Texas,...

Pancontinental to acquire stake in Namibia licence
20 July 2012 Pancontinental Oil & Gas will purchase a ten percent stake in licence EL 0037, located offshore of Namibia, from Paragon...

Tullow Oil discovers gas condensate offshore Ghana
19 July 2012 Tullow Oil has discovered oil and gas-condensate at the Wawa-1 exploration well in the Deepwater Tano licence, offshore of...

Brent rises for seventh straight day
19 July 2012 Brent crude rose to $106.01 today, marking its seventh successive rise this week and it's highest peak since 30 May, as supply disruptions continued with bombings in Syria and an attack on...

Fastnet Oil and Gas acquires Pathfinder Hydrocarbon Ventures
19 July 2012 Fastnet Oil and Gas has acquired the entire issued share capital of Pathfinder Hydrocarbon Ventures from its parent company, Pathfinder Energy Maghreb, for...

UK offshore drilling increased 64% in Q2: Deloitte
18 July 2012 Offshore drilling increased by 64% during the second quarter of 2012 on the UK Continental Shelf (UKCS), when compared to the same period in 2011, according to a new report by...

Oil slides over lack of US monetary incentive measures
18 July 2012 Oil prices fell today as the US Federal Reserve Chairman Ben Bernanke did not announce any monetary incentive measures for the recent term, owing to anxiety regarding Europe's debt crisis and...

Saudi Aramco awards Arabian Gulf contracts to McDermott
18 July 2012 Petroleum company Saudi Aramco has awarded two projects in the Karan, Safaniya and Zuluf fields of the Arabian Gulf to subsidiaries of engineering and construction firm McDermott...

Petrobangla subsidiary BAPEX finds gas reserve at Srikail field
17 July 2012 Bangladesh Petroleum Exploration and Production Company (BAPEX), a subsidiary of the state-owned Petrobangla, has discovered a new gas reserve in well number two of the Srikail gas field, off...

Borders & Southern to abandon Stebbing well, off Falkland Islands
17 July 2012 UK-based exploration company Borders & Southern will plug and abandon the 61/25-1 Stebbing well located south of the Falkland...

Brent prices steady on central banks' stimulus hopes
17 July 2012 Brent crude’s price held steady at more than $103 a barrel today, over policy measures planned by central banks in China, the eurozone and Britain to stimulate global economic...

Cooper Energy inks rig charter contract with Grup Servicii Petroliere
16 July 2012 Cooper Energy has entered into a binding letter of intent with Romanian oil and gas company Grup Servicii Petroliere (GSP) to charter a rig to drill the Hammamet West-3 well offshore of...

Brent prices rise on China stimulus hopes
16 July 2012 The price of Brent crude rose by six cents to $102.46 a barrel today, after China's Premier Wen Jiabao announced that the government will increase policy measures to boost the...

Statoil to plug dry well near North Sea Tordis field
16 July 2012 Statoil Petroleum said it will permanently plug and abandon a wildcat well 34/7-35 S near the Tordis field located in the North...

Oil rises as China growth meets expectations
13 July 2012 Oil prices were boosted today as China’s economic growth met expectations, while supply disruptions in the North Sea and Iran provided...

Statoil hands Technip spar platform contract for Aasta Hansteen field
13 July 2012 Technip has received a letter of intent from Statoil to construct a spar platform on the Aasta Hansteen field, offshore of...

ODYE wins exploration block participation offshore of Sierra Leone
13 July 2012 ODYE, an oil and gas company focused on West Africa, has been awarded participation in two offshore exploration blocks by the Sierra Leone...

Lundin Petroleum spuds Malaysia's Tiga Papan 5 well
12 July 2012 Lundin Petroleum has commenced drilling at the Tiga Papan 5 well offshore of Sabah, in east...

Brent crude remains steady over US stimulus measures
12 July 2012 Brent crude remained steady at above $100 a barrel as uncertainty regarding stimulus measures by the US Federal Reserve restrained investor appetites for riskier assets....

Noble Energy reports production rate rise at Galapagos development
12 July 2012 Noble Energy has reported a rise in production capacity from three wells at the Galapagos development, in the deepwater Gulf of Mexico...

Oil gains on technical rebound
11 July 2012 Oil prices were boosted today on a technical rebound and ahead of data on US inventories, which may decline for a third...

Statoil to restart Norwegian continental shelf production
11 July 2012 Statoil will restart all of its production on the Norwegian continental shelf, including the output at its Oseberg field, following the government's decision to impose compulsory...

Esso Exploration Angola begins production from Kizomba
11 July 2012 Exxon Mobil subsidiary Esso Exploration Angola has commenced production from the Kizomba Satellites Phase I project located in Block 15, offshore...

Oil falls on China data, Norway strike
10 July 2012 Oil prices fell as Chinese crude imports dropped in June, while worries about supply disruptions eased after a halt in the labour strike concerning Norway's oil...

BP suspends Alaskan offshore oilfield Liberty project
10 July 2012 Cost overruns and technical setbacks have led British Petroleum (BP) to suspend its $1.5bn Liberty offshore project in...

Nordsøfonden acquires interest in Danish Underground Consortium
10 July 2012 Denmark's state-run Nordsøfonden will take a 20% interest in the Danish Underground Consortium (DUC), in line with a sole concession extension agreement signed in...

Petroceltic Italia wins Adriatic exploration licences offshore Italy
09 July 2012 Petroceltic International's wholly owned subsidiary Petroceltic Italia has received two exploration licences in the central Adriatic Sea, offshore...

Statoil awards subsea equipment contract to FMC Technologies
09 July 2012 FMC Technologies has received a $200m contract from Statoil to provide subsea production equipment for its Gullfaks South field development located in the North...

Oil gains over Norwegian supply cut, China data
09 July 2012 Oil prices rose today after failure of labour talks in Norway for the third time, increasing the risk of a total shutdown in oil and gas...

Lundin Petroleum enters farmout agreements for Barents Sea licenses
06 July 2012 Lundin Petroleum has entered into farmout agreements for licenses PL490 and PL492, located in the Barents...

Brent slides as stimulus measures fail to convince investors
06 July 2012 Brent crude slipped by 79 cents to $99.91 a barrel as stimulus measures by global banks failed to allay investor fears about oil demands....

Statoil to halt Norwegian production after lockout notice
06 July 2012 Statoil said it is planning to shutdown production on the Norwegian continental shelf (NCS), following a notice of lockout by the Norwegian Oil Industry Association...

Norway strike talks fail as pension dispute continues
05 July 2012 Industrial strike action by Norwegian offshore workers may continue after a second round of talks with employers has failed to resolve a dispute regarding...

Total E&P Absheron confirms Caspian Sea gas discovery
05 July 2012 Operator Total E&P Absheron (TEP AB) has confirmed the presence of gas and condensate at the Absheron offshore block located in the Azerbaijan sector of the Caspian...

Oil slips over global economic woes
05 July 2012 Oil prices fell today on concerns about the economic health of European countries as investors await an outcome of the European Central Bank's monetary policy meeting and US non-farm payrolls...

Anadarko enters JV deal for Lucius development
04 July 2012 Anadarko Petroleum has signed a definitive agreement with an unnamed party to enter a joint-venture capital carry arrangement for its ownership in the Lucius development project located in the...

Oil prices hit by weak global data and Iranian supply disruptions
04 July 2012 Oil prices fell today thanks to weakened global economic climate and worries about supply disruptions, due to Iran's nuclear programme increasing tensions between Tehran and the...

Statoil discovers gas at North Sea King Lear prospect
04 July 2012 Statoil and its partner Total E&P Norge announced that it has made a significant gas and condensate discovery in the King Lear prospect located in the southern part of the Norwegian North...

Oil prices rise over Iran supply and Norwegian strike
03 July 2012 Oil prices have risen after the news that Iran has drafted a law to shut off a key shipping route off the Strait of Hormuz, along with the strike in Norway, which has already restricted crude...

Norwegian oil worker strike enters second week
03 July 2012 Industrial strike action by Norwegian offshore workers has entered its second week as the unions allowed the employers to return to negotiations before their meeting today....

Subsea 7 wins North Sea Knarr field development contract
03 July 2012 Subsea 7 has won a $400m subsea, umbilicals, risers and flowlines (SURF) contract from BG Norge to develop the Knarr field, in the Norwegian sector of the North...

Lundin Norway to plug dry North Sea well
02 July 2012 Lundin Petroleum subsidiary Lundin Norway has announced it will permanently plug and abandon the dry Clapton exploration well located in the southern part of the North...

Essar completes ONGC project, offshore India
02 July 2012 Essar Projects has completed the Rs10.64bn ($191m) D1 development project located 200km off Mumbai, India, for the Oil and Natural Gas Corporation...

Oil slips over weak China data, EU deal
02 July 2012 Oil markets slipped today after factory activity in China in June fell, with export orders posting the biggest decline, while doubts remained about the EU’s debt package...

June 2012

Top

Brent gains on EU agreement
29 June 2012 Brent crude gained today after the European Council agreed to create a single supervisory body for eurozone banks to restructure the region’s debt crisis, a move which could lift global oil...

Salamander Energy to drill Far East prospect
29 June 2012 UK-based Salamander Energy is currently preparing its Far East well, located in licence B8/38 in the Gulf of Thailand, for a drill stem...

Technip wins subsea contract for Shell's Prelude FLNG facility
29 June 2012 Shell Development (Australia) has awarded a subsea installation contract to Technip for its Prelude floating liquefied natural gas (FLNG)...

BP to sell stake in Alba and Britannia Fields to Mitsui
28 June 2012 BP will sell its equity stake in its Alba and Britannia fields located in the UK North Sea to Mitsui & Co for a total consideration of...

OGX defines flow rates from Tubarão Azul field, offshore Brazil
28 June 2012 Oil and gas company OGX has announced positive data from its wells located in the Tubarão Azul Field, offshore of Brazil, after a series of...

Oil markets steady ahead of crucial EU summit
28 June 2012 Oil markets were steady today following an output cut from Norway due to strikes and positive economic data from the...

Ecopetrol America bids for deepwater blocks in Gulf of Mexico
27 June 2012 Colombia-based integrated oil and gas company Ecopetrol and its partners have placed six bids for deepwater blocks in the Gulf of...

BP Exploration selects Emerson Process Management as contractor
27 June 2012 Emerson Process Management has been selected as the automation contractor of choice for BP Exploration offshore oil and gas operations in the North...

Brent crude slides over EU debt crisis
27 June 2012 Brent crude fell by 27 cents to $92.75 a barrel due to concerns that European governments would fail resolve the 30-month debt...

PA Resources secures licence extension from Danish Energy Agency
26 June 2012 PA Resources has secured a two year extension from the Danish Energy Agency on Licences 12/06 and 9/06 and has elected to withdraw from the Licence 9/95 located offshore...

Neon Energy signs farm-out agreement (FOA) with Eni Vietnam
26 June 2012 Neon Energy has signed a farm-out agreement (FOA) with Eni Vietnam, a wholly owned subsidiary of Eni, for Block 120 and Block 105-110/04 (‘Block 105’), offshore...

Oil rises ahead of EU summit in Brussels
26 June 2012 Oil markets rose today ahead of a two-day EU summit in Brussels later this week, which may try to resolve the region's debt crisis as Cyprus seeks emergency funding....

Gulf of Mexico operators shut platforms as tropical storm hits the US
25 June 2012 Oil and gas firms have been forced to shutdown Gulf of Mexico oil and gas production as a tropical storm hits the...

Rialto Energy to commence testing at Gazelle field in Côte d’Ivoire
25 June 2012 Rialto Energy will commence drill testing at the Gazelle-P3 ST2 well located in Côte d'Ivoire, which previously intercepted oil and gas bearing Upper Cenomanian...

Rosneft, Statoil to explore offshore fields in Russia and Norway
25 June 2012 Russia's state-owned Rosneft has signed agreements with Norwegian firm Statoil to jointly bid for licenses in the Norwegian section of the Barents...

Oil slides over euro debt crisis, global demand
25 June 2012 Oil prices fell today because of the eurozone's debt crisis, which hit global oil demands, overshadowing supply disruptions in the US Gulf due to a storm and a strike-hit...

Norwegian oil workers go on strike
24 June 2012 Oil workers in Norway have gone on strike, after two days of disputes regarding pension...

Aquaterra Energy wins design contract for South China Sea
22 June 2012 Aquaterra Energy has received a contract to design and build a freestanding wellhead support structure (WSS) for oil production operations, offshore of Peninsular Malaysia in the South China...

Technip wins service contract for Ichthys FPSO unit
22 June 2012 France-based Technip has been awarded a service contract by Daewoo Shipbuilding & Marine Engineering (DSME) for the Ichthys floating production storage and offloading (FPSO)...

Brent crude stays below $90 over weak global demand
22 June 2012 Brent crude stayed below $90 and heading for it biggest decline in 18 months, aided by weak global demand due to bleak data from US and...

Brent crude slips over China data, US stimulus plan
21 June 2012 Brent crude fell 51 cents to $92.18 a barrel today, its lowest level in 18 months, after weak factory data from China and the US Federal Bank stimulus plan dashed hopes for more aggressive steps...

Underwater Centre secures training contract from MRTS
21 June 2012 Commercial diver and ROV training facility The Underwater Centre has received a $1.3m contract from MRTS, a Russia-based construction contractor in the fuel and energy...

Technip wins contract for Bøyla field development in Norway
21 June 2012 Technip has secured an engineering, procurement, installation and commissioning contract for the Bøyla field development in the Norwegian North...

Subsea 7 wins equipment supply contract in UK Central North Sea
20 June 2012 Subsea 7 has received a $95m contract from an international oil and gas operator to supply equipment in the UK Central North...

Primeline Energy, China National Offshore Oil Corporation sign PSC
20 June 2012 Primeline Energy Holdings has entered into a production sharing contract (PSC) with China National Offshore Oil Corporation (CNOOC) for Block 33/07, located in the East China...

Brent crude steady ahead of US federal reserve outcome
20 June 2012 Brent crude slipped one cent to $95.75 a barrel today as prices stayed at 17-month lows, with concerns remaining over Spain's high borrowing costs ahead of the outcome of the US federal...

Statoil submits Svalin field development plan
19 June 2012 Statoil has submitted its plan to the Ministry of Petroleum and Energy for the development and operation (PDO) of the Svalin field in the North...

Oil hit by market uncertainty and eurozone fears
19 June 2012 Oil markets fell today as Spain's rising borrowing costs renewed fears of a eurozone debt crisis which may hurt global oil...

Chevron plugs Nigeria’s Funiwa gas well after blowout
19 June 2012 Chevron Nigeria has plugged and sealed the abandoned Funiwa 1A natural gas well offshore of the country, after a blowout claimed two lives in...

Dana Petroleum wins PSC for Cameroon’s Bakassi West block
18 June 2012 Dana Petroleum has been awarded a production sharing contract (PSC) by the Government of Cameroon for the Bakassi West block, situated in the Rio Del Rey...

Lundin Petroleum suspends exploratory drilling offshore of Norway
18 June 2012 Swedish oil and gas company Lundin Petroleum has temporarily suspended drilling operations at its Albert exploration well, offshore of...

Brent rises as Greek election results ease fears
18 June 2012 Brent crude gained $1.18 at $98.79 a barrel after Greece's pro-bailout political party's victory ahead of a G20 meeting in Mexico...

Pancontinental Oil begins Kifaru 3D offshore seismic survey
15 June 2012 Pancontinental Oil & Gas has started the Kifaru 3D seismic survey at its L6 exploration licence area, in offshore and onshore...

Bridge Energy to acquire minority stake in Boa field
15 June 2012 Bridge Energy will acquire a 1.55% working interest in the Boa field from Austria-based oil and gas company OMV for a total consideration of...

Oil gains as OPEC output target remains unchanged
15 June 2012 Oil markets rose today after producer group OPEC agreed to retain its output limit at 30 million barrels a...

Brent gains ahead of OPEC meeting and Greek elections
14 June 2012 Brent crude rose by 26 cents to $97.39 a barrel ahead of the outcome of an OPEC meeting and the Greek...

Statoil makes second gas discovery offshore of Tanzania
14 June 2012 Statoil and partner ExxonMobil have confirmed a new high-impact discovery at the Lavani well located in Block 2 licence, offshore of...

Modiin to carry out drilling at Israel’s Gabriella license
14 June 2012 Noble Drilling has an accepted a letter of award (LOA) which will enable Modiin Energy to commence a drilling contract at the Gabriella license, located offshore of...

Statoil acquires Peregrino FPSO from Maersk
13 June 2012 Statoil and its partner Sinochem have signed an agreement to acquire the Peregrino floating production, storage and offloading (FPSO) unit from Maersk for an undisclosed...

Fastnet wins licensing options in Celtic Sea
13 June 2012 Fastnet has been granted licensing options in blocks located in the North Celtic Sea and South Celtic Sea, offshore of...

Brent gains ahead of OPEC meeting
13 June 2012 Brent crude climbed three cents to $97.17 a barrel ahead of the OPEC meeting this week, but gains were capped by Europe's debt crisis which is slowing oil...

Anadarko discovers gas pay offshore Mozambique
12 June 2012 Anadarko Petroleum Corporation has intercepted more than 300 net feet of gas pay at the Atum exploration well located in Offshore Area 1 of the Rovuma Basin, offshore of...

Oil falls over eurozone debt crisis
12 June 2012 Oil markets fell today over the impact of Spain's $125bn bailout package on public debt and uncertainty regarding elections in Greece, which could hurt growth of global oil...

Lundin wins Norwegian approval for $4bn North Sea project
12 June 2012 Lundin Petroleum's wholly owned subsidiary Lundin Norway has secured consent from the Norwegian Parliament for the development and operation of the Edvard Grieg field in the North...

New Zealand invites bids for blocks off Wellington coast
11 June 2012 New Zealand has invited bids from potential firms for 23 exploration blocks, mainly off the coast of south Wellington, to be explored from...

Aker bags intervention services contract from Island Offshore
11 June 2012 Oilfield products, systems and services provider Aker has been awarded two contracts from Island Offshore to provide well intervention services for Statoil in the North...

Oil rises over Spain bailout package
11 June 2012 Oil prices got a boost today after a bailout package for Spain revived demand for oil...

Anadarko reports light oil discovery offshore Cote d'Ivoire
08 June 2012 Anadarko Petroleum has announced a light oil discovery at the Paon-1X exploration well offshore of Côte d'Ivoire, in...

Statoil 'committed' to Gazprom's Russian offshore natural gas project
08 June 2012 Statoil has expressed its commitment to work on the Gazprom's Shtokman gas extraction project offshore of Russia in the Barents Sea, despite rumours of the Norwegian oil and gas producer's...

Oil slips over US economic state
08 June 2012 Oil prices slipped today over the delicate state of economic affairs in the world’s largest oil consumer, as the US Federal Reserve Bank failed to offer stimulus...

Crude prices steady at around $100
07 June 2012 Crude oil prices were supported at around $100 on Thursday with the possibility of Europe finding a way to deal with Spain's banking crisis and the planned monetary stimulus by the...

Israel Opportunity reports gas find at offshore Pelagic fields
07 June 2012 Israel Opportunity has reported potential targets of 1.4 billion barrels of oil and 6.7 trillion cubic feet (tcf) of natural gas at its Pelagic group of deep-sea fields, west of Haifa, offshore...

Technip-Daewoo consortium to deliver floating LNG to Petronas
07 June 2012 A consortium comprised of Technip and Daewoo Shipbuilding & Marine Engineering (DSME) has been awarded a contract by Petronas Floating LNG 1 for engineering, procurement, construction,...

Ukraine invites bids for Black Sea offshore prospects
06 June 2012 Ukraine has invited bids from potential partners for Black Sea offshore oil and gas exploration areas within the next two...

Wison Offshore to deliver floating LNG storage unit to Exmar
06 June 2012 Shanghai-based Wison Offshore & Marine, a subsidiary of the Wison Group, has been awarded a contract by the Exmar group for the engineering, procurement, construction, installation...

Oil rises toward $100 on US crude stock drop
06 June 2012 Oil prices rose towards $100 a barrel on Wednesday with US data showing a larger-than-expected drop in the country's crude stocks, which countered pressure from Europe's debt...

McDermott unit wins fabrication contract for Gulf of Mexico platform
01 June 2012 A subsidiary of McDermott International has secured a fabrication contract from Heerema Marine Contractors Nederland for components of a deepwater platform in the Gulf of...

Grup Servicii Petroliere (GSP) to drill Black Sea wells
01 June 2012 Grup Servicii Petroliere (GSP) has entered into a contract with Midia Resources, a wholly owned subsidiary of Sterling Resources, to drill exploration wells offshore of...

Oil slips over Chinese manufacturing data
01 June 2012 Oil markets fell today because of weak manufacturing activity data in May from the world's second biggest oil consumer, further impacting global oil demand and causing a downgrade of Asian...

May 2012

Top

Emerson Process wins equipment supply contract for North Sea project
31 May 2012 Emerson Process Management has received a $23m contract from oil giant BP to supply control and safety systems for two new offshore oil platforms in the UK North...

Aminex starts 2D seismic survey offshore Tanzania
31 May 2012 Oil and gas explorer and producer Aminex has started a 335km 2D seismic survey in the Nyuni Area licence, offshore...

Brent crude rises to $104 a barrel
31 May 2012 Brent crude rose by 29 cents at $103.76 a barrel today, reversing earlier losses weighed by the eurozone debt crisis and weak global...

Eni wins exploration block in Indonesia
30 May 2012 Italian oil and gas giant Eni has won an oil and gas exploration block in Indonesia's first international bid round of...

Statoil investigates Heimdal gas leak in the North Sea
30 May 2012 Norwegian firm Statoil will launch an investigation into a gas leak that occurred on the Heimdal platform in the North Sea on 26 May...

Brent heads for biggest decline in two years
30 May 2012 Brent crude slipped 74 cents to $105.94 a barrel today and is on track for its biggest decline in two years, as the eurozone debt crisis...

Brent crude steady over supply disruptions
29 May 2012 Brent crude rose 51 cents to stay above $107 a barrel today, due to raised concerns over potential Middle East supply...

Pacific Rubiales increases stake in CGX Energy
29 May 2012 Canada-based Pacific Rubiales Energy has agreed to buy 85.71 million units of CGX Energy, for an aggregate investment of C$30m...

Petronas awards contract for oil development in Kinabalu fields
29 May 2012 Petronas has awarded a production sharing contract (PSC) to Talisman Malaysia and Petronas Carigali to carry out development works from the Kinabalu fields, located offshore Sabah, in East...

Topaz Energy and Marine sign first loan agreement for debt plan
28 May 2012 UAE-based Topaz Energy and Marine, a unit of Renaissance Services, has signed a loan agreement with a syndicate of banks for the first phase of its $300m plan to refinance some of its existing...

New Zealand Oil & Gas increases stake in Taranaki permit
28 May 2012 New Zealand Oil & Gas (NZOG) has signed agreements with AGL Energy and TAG Oil Offshore to increase its stake in the Taranaki permit, offshore New...

Brent rises over Greece bailout plans
28 May 2012 Brent crude rose to $107 a barrel today, as opinion polls showing support for a pro-bailout government in Greece calmed fears of a eurozone exit hitting oil...

Providence Resources confirms oil potential on Barryroe prospect
25 May 2012 Oil and gas exploration and production company, Providence Resources, has confirmed the high productivity potential of oil bearing rock on the Barryroe discovery in the North Celtic Sea...

Brent steady at $106 a barrel
25 May 2012 Brent crude was steady at $106 a barrel today, but is due to drop as slowing global economic growth...

Eni makes new oil discovery in Egyptian desert
25 May 2012 Italy's energy company Eni has made a significant oil discovery at the Emry Deep exploration prospect in the Western Desert of...

IHS launches iPad app for energy professionals
24 May 2012 IHS, a source of critical information and analytics, has launched a decision support tool iPad app for energy professionals called IHS...

Brent steady above $105 a barrel
24 May 2012 Brent crude was steady above $105 a barrel as weak economic data from China added to worries about demand...

Statoil awards $1.5bn contracts for well intervention vessels
24 May 2012 Norwegian energy company, Statoil has awarded contracts totalling NOK9.4bn ($1.56bn) for three new light well intervention (LWI) vessels to operate in the Norwegian Continental...

Saipem wins $1.1bn new offshore contracts in Russia, North Sea
23 May 2012 Italian engineering services provider Saipem has secured more than $1.1bn in new engineering and construction offshore contracts in Russia and the North...

Oil prices fall on Iran deal
23 May 2012 Oil markets fell today as a potential contract between Iran and the UN nuclear watchdog alleviated oil disruption supply...

Statoil awards $5bn contracts for platform drilling services in the North Sea
23 May 2012 Norwegian oil firm Statoil has awarded NOK30bn ($5bn) contracts to three companies for drilling services on fixed installations in the Norwegian continental shelf...

Emerson wins subsea contract for Brynhild field in the North Sea
22 May 2012 Aker Solutions has contracted Emerson Process Management to supply Roxar subsea instrumentation to Lundin Petroleum's Brynhild field development in the North...

Oil gains ahead of EU summit, Iran talks
22 May 2012 Oil markets rose today ahead of an informal EU summit on 23 May 2012, which will seek solutions to tackle the eurozone's worsening debt crisis, including Greek political...

Atlantic Offshore Rescue secures contracts in the North Sea
22 May 2012 Scotland-based standby vessel operator Atlantic Offshore Rescue has secured contracts worth £12m from major oil...

Otto Energy increases Galoc oil field recovery reserves
21 May 2012 Otto Energy has increased the proved (1P) economic ultimate recovery reserves from the Galoc oil field in the Palawan Basin, offshore of the...

Oil gains over China stimulus plan
21 May 2012 Oil prices rose today with hopes that China could undertake a stimulus plan which could increase global fuel...

Repsol to plug dry well offshore Cuba
21 May 2012 Spanish oil company Repsol plans to plug and abandon a dry well drilled 4,500m into the sea bed of the Gulf of Mexico, off Cuba's northern...

Brent slips on worsening eurozone crisis, US economic data fears
18 May 2012 Brent crude fell $1.09 to $107 today because of the worsening euro zone crisis, as Spain slipped into recession, pushing the euro to a four-month...

Eni finds new Area 4 gas offshore Mozambique
18 May 2012 Italy-based oil and gas company Eni has made a new gas discovery at its Coral-1 exploration prospect in Area 4 off...

BC Petroleum wins financing for pre-development of Balai Cluster
18 May 2012 BC Petroleum, a joint venture between Australia's Roc Oil and Malaysian companies Dialog Group and Petronas, has secured $162m in financing for the pre-development of the Balai Cluster risk...

Total plugs North Sea Elgin platform leak
17 May 2012 French oil group Total has successfully plugged a well from its abandoned North Sea Elgin platform off Aberdeen, which has been leaking gas for more than seven...

Anadarko discovers natural gas in Golfinho well offshore Mozambique
17 May 2012 US oil and gas explorer Anadarko Petroleum has made a new gas discovery in the Golfinho exploration well within Offshore Area 1 within the Rovuma Basin, offshore...

Brent slips over Greece crisis, US crude climbs
17 May 2012 Brent crude narrowed by 42 cents at $109.33 as investors moved away from trading riskier assets as political and economic turmoil continues in Greece, in turn affecting other economies on...

BP signs contracts for deepwater exploration blocks in Trinidad
16 May 2012 British oil company BP has entered into two production sharing contracts (PSCs) with the Government of the Republic of Trinidad and Tobago for new deepwater exploration blocks, located 300km...

Bond helicopters resume flying after ditching in North Sea
16 May 2012 Bond Offshore Helicopters, a provider of transportation services to several oil platforms within the UK Continental Shelf, is to resume normal flying today after a pilot ditched one of...

Oil slips over rise in US crude stocks
16 May 2012 Oil prices slipped by more than $1 today as a larger-than-expected rise in US crude stocks and fears of Greece's exit from the eurozone offset hopes for demand...

Afren finds significant oil reserves offshore Nigeria
15 May 2012 Afren, an oil and gas exploration and production company, has found significant oil reserves at its Ebok North Fault Block well, offshore of south-east...

Statoil secures rig for exploratory Canadian drilling
15 May 2012 Norwegian oil firm Statoil has reached an agreement with Seadrill to charter its West Aquarius deepwater drilling rig for oil and gas exploration offshore of Newfoundland, Canada, in 2012 and...

Brent maintains slide because of Greece political turmoil
15 May 2012 Brent crude slid 40 cents to $111.17 a barrel as continued political turmoil in Greece raised fears that the nation may leave the...

Oil industry meets regarding North Sea helicopter ditching
14 May 2012 Bond Offshore Helicopters, a provider of transportation services to several oil platforms in the UK Continental Shelf, has grounded its Scotland-based fleet after a pilot had to ditch one of...

Brent slips over worsening global oil demand
14 May 2012 Oil prices fell today regarding deteriorating global oil demands, made worse by a slowing Chinese economy and a failed attempt to form a new government in...

Stone Energy to buy stake in Pompano field
14 May 2012 Oil and natural gas firm Stone Energy has entered into a definitive agreement to purchase Anadarko's 25% working interest in the deep-water Pompano field, located in the US Gulf of Mexico, for...

Roc Oil signs petroleum contract with CNOOC for Bohai assets
14 May 2012 Roc Oil Bohai has entered into a petroleum contract with state-run China National Offshore Oil Corporation (CNOOC) to secure a 100% stake in the Bohai 09/05 exploration...

Brent slips over eurozone worries
11 May 2012 Brent crude slipped today to below $112 a barrel after tracking losses in the continent, as political deadlock in Greece aggravated fears of worsening global oil...

McDermott unit wins subsea contract for Malaysian oil field
11 May 2012 McDermott International's Malaysian affiliate Berlian McDermott has won a subsea engineering and construction contract from Murphy Sabah Oil for the deep-water Siakap North - Petai (SNP)...

Statoil to start exploration drilling in Skrugard, offshore Norway
11 May 2012 Norwegian oil firm Statoil and partners Eni and Petoro have agreed to further exploration drilling, which will include four new prospects in the Skrugard area of the Norwegian Barents...

UK oil and gas revenues rise by 28%, says Oil & Gas UK report
10 May 2012 Gross revenue from the UK oil and gas sector rose by 28% to $2.8bn in 2011, according to a new report from Oil & Gas...

Sembcorp Marine unit wins $208m rig order from Perisai
10 May 2012 Sembcorp Marine's PPL Shipyard has secured a rig building contract worth $208m from a unit of Malaysia's Perisai Petroleum Teknologi, Perisai, to construct a Pacific Class 400 jack-up drilling...

Oil slides over weak Chinese trade data
10 May 2012 Oil markets fell today after Chinese trade data showed the nation's exports and imports grew at a slower rate in April, raising fears about oil demand from the world's second-largest oil...

Oil slips further over political uncertainties in Greece, rising stocks
09 May 2012 Oil prices slipped again today thanks to political uncertainty in Greece and rising crude stocks in the US, which raised fears of a decreasing global demand for...

WHL Energy wins exploration permit in Australia's Otway Basin
09 May 2012 Emerging oil and gas company WHL Energy has been awarded the VIC/P67 exploration permit by the Victoria Offshore Petroleum Joint Authority, located in the Otway Basin, offshore Melbourne,...

Oceaneering International wins umbilical supply contract for Brazilian fields
09 May 2012 Oilfield engineering services provider Oceaneering International (OII) has won a $120m umbilical supply contract from Brazil's state-owned oil company...

Woodside Petroleum completes farm-in agreement with BHP Billiton
08 May 2012 Woodside Petroleum has completed a farm-in agreement with BHP Billiton Petroleum for the Banambu Deep prospect, offshore of Western...

Statoil, Rosneft to explore offshore fields in Russia and Norway
08 May 2012 Norwegian firm Statoil has entered into a cooperation agreement with Russia's state-owned Rosneft, for the joint exploration and development of offshore fields in Russian sections of the...

Oil markets fall on global economic fears
08 May 2012 Oil markets slipped today as global economic concerns raised fears of decreased oil demands, in the midst of higher supply from the Organization of the Petroleum Exporting Countries...

Lundin Petroleum confirms oil play at Johan Sverdrup field in the North Sea
04 May 2012 Swedish oil and gas company Lundin Petroleum has completed sidetrack drilling at its 16/2-11 appraisal well at the Johan Sverdrup field in the Norwegian Continental...

Brent crude oil poised for steepest weekly fall since 2011
04 May 2012 Brent crude is poised to fall by three percent this week, its steepest decline noted since December, amid concerns of global economic problems and supply disruption...

Kvaerner wins $1.3bn contract from Lundin for Edvard Grieg field
04 May 2012 Norwegian engineering firm Kvaerner Stord has won a NOK 8bn ($1.3bn) engineering, procurement and construction (EPC) contract from Lundin Norway to construct topside installations for the...

Brent crude rises to more than $107 over strong dollar
03 May 2012 Brent crude oil held steady at more than $107 a barrel as a stronger dollar and rising US crude stocks offset worries about Iranian threats to stop vital oil trade through the Straits of...

Aker Solutions wins subsea equipment contract in Malaysia
03 May 2012 Aker Solutions has received a contract from Murphy Sabah Oil to supply a subsea production system for the Siakap North - Petai deepwater development located offshore of Sabah,...

Noble Energy halts drilling at Leviathan prospect offshore of Israel
03 May 2012 Noble Energy, an oil and gas exploration and production company, has halted drilling operations at the Leviathan-1 well in the Levant Basin, offshore Israel, after finding natural...

Dana Petroleum starts production from Netherlands' Van Nes field
02 May 2012 UK-based oil and gas company Dana Petroleum has brought on stream first gas production from its Van Nes field offshore of the...

GE wins equipment supply contract for North Sea project
02 May 2012 GE Oil & Gas, a unit of General Electric (GE), received an $80m equipment supply contract from ATP Oil & Gas for the Cheviot oil field project, located off the coast of the Shetland Islands, in...

Brent stays steady over positive US, China data
02 May 2012 Brent crude remained steady above $119 after positive manufacturing data emerged from the US and China, which raised hopes for higher oil...

Centrica acquires Norwegian assets for $1.5bn
01 May 2012 UK utility Centrica has completed its $1.5bn agreement with Statoil Petroleum for the acquisition of oil and gas assets in the Norwegian sector of the North...

Wood Group Mustang wins contract for semi-submersible Australian offshore facility
01 May 2012 Wood Group Mustang has been awarded an engineering and procurement support contract for the world's largest semi-submersible production facility, located off the northwest coast of...

Brent crude steady over rise in China data
01 May 2012 Brent crude fell 21 cents to $119.26 a barrel, as China's manufacturing activities grew at a slightly higher rate in April, offsetting a sluggish US economy and euro zone debt...

April 2012

Top

Fugro-Geoteam wins seismic survey contract for offshore Kenya permit
30 April 2012 Australia-based petroleum exploration company, Fugro-Geoteam has been awarded a A$13.67m contract for a 3D seismic survey in Pancontinental's license area L6 in offshore...

Brent crude steady over US monetary policy
30 April 2012 Brent crude held steady above $119 a barrel today, as the US awaits a third round of monetary...

Pacific Rubiales to acquire 49% interest in Peru offshore block
30 April 2012 Canada-based Pacific Rubiales Energy has entered into a $335m agreement with BPZ Resources to gain a 49% participating interest in Block Z-1 in offshore...

EnQuest increases stake in Kraken oil discovery in the UK North Sea
27 April 2012 Oil and gas firm EnQuest is increasing its stake in the Kraken oil discovery in the UK North Sea to...

Oil falls amid renewed euro zone crisis fears
27 April 2012 Oil prices fell today over renewed fears of economies in the euro zone, following Standard & Poor's downgrade of Spain's credit rating to...

Aker Solutions wins umbilical contract for Australian project
27 April 2012 Aker Solutions has entered into a contract with Woodside Energy to manufacture and supply electro-hydraulic steel tube umbilicals for the Greater Western Flank (GWF) Phase 1 project on...

Rosneft, Eni sign offshore exploration deal
26 April 2012 Rosneft, based in Russia, has signed a cooperation agreement with Italy's Eni to jointly develop Russian offshore energy deposits in the Barents Sea and the Black...

Brent steady over Federal Reserve statements
26 April 2012 Brent crude remained steady at $119.01 over the US Federal Reserves' statement to support growth in the world's top oil consumer, raising hopes of a economic recovery and oil...

Statoil farms Ghana deep water licence
26 April 2012 Norwegian oil and gas giant Statoil has made its first entry into oil-rich Ghana by farming into a deep water license operated by Hess...

Oil rises over federal bank meeting
25 April 2012 Oil prises rose today as investors await the outcome of the US Federal Reserve's policy meeting later today, with some investors hoping news of further monetary easing in the...

Opposition mounts to new EU offshore regulation
25 April 2012 Oil and Gas UK and three trade unions have announced their opposition to a European Union regulation that will bring offshore oil and gas safety under a common...

ARKeX to begin FTG survey in offshore Greenland
25 April 2012 ARKeX, a provider of non-seismic geophysical imaging services, has announced the start of a new multi-client full tensor gravity gradiometry (FTG) survey off the coast of...

Borders & Southern Petroleum discovers gas in Falkland Basin
24 April 2012 Oil and gas explorer Borders & Southern Petroleum has made a gas condensate discovery on its 61/17-1 exploration well in the Falkland...

Technip wins pipeline installation contract in China
24 April 2012 France-based Technip has been awarded a pipeline installation contract by Offshore Oil Engineering (COOEC) for the Liwan 3-1 shallow-water project in the China...

Brent oil steady under $119
24 April 2012 Brent crude fell 12 cents to $118.59 a barrel amid fears of a production stoppage in the North Sea and potential supply disruptions from...

Aker Solutions to expand global subsea operations
23 April 2012 Norwegian oil services firm Aker Solutions said it will invest $87m to expand its subsea manufacturing...

Brent steady over positive China data
23 April 2012 Brent crude held steady as supply fears over Western sanctions on Iran and positive data from China offset euro zone debt crisis...

UK continental shelf drilling activity rises by 22%
23 April 2012 A survey has found that 11 exploration and appraisal wells were drilled in UK continental shelf (UKCS) between 1 January and 31 March this year, indicating a 22% rise in drilling activity...

UK Oil & Gas announces 2012 safety award winners
20 April 2012 Oil & Gas UK has awarded the first ever ideas in safety prize to Stork Technical Services at its 2012 UK Oil and Gas Industry and Safety...

Brent steady over euro zone fears
20 April 2012 Brent crude gained 27 cents to $118.27 a barrel today but is heading for its steepest weekly loss since mid-January as Spain's high borrowing costs raised fears about renewed euro zone debt...

TNK-BP completes drilling on Lan Do offshore field in Vietnam
20 April 2012 TNK Vietnam, a subsidiary of TNK-BP Group, has completed the drilling of two development wells in the Lan Do offshore field,...

Hyperdynamics to sell portion of offshore Guinea concession
19 April 2012 Hyperdynamics Corporation has engaged BofA Merrill Lynch as financial advisor to sell a portion of its 77% interest in an oil and gas exploration concession off the coast of...

BP settles $7.8bn Gulf of Mexico oil disaster lawsuit
19 April 2012 Oil major BP has finalised a $7.8bn agreement with Plaintiffs Steering Committee (PSC) relating to the Deepwater Horizon disaster in the US Gulf of...

Brent gains over euro fears ahead of Spanish bond auction
19 April 2012 Brent crude gained 38 cents to $118.35 a barrel, as investors remained cautious ahead of a Spanish debt auction with fears of euro zone...

Aker Solutions wins $1.9bn contract to launch new rig type
18 April 2012 Aker Solutions has entered a $1.9bn contract with Statoil to launch a new type of rig, designed to increase oil recovery from existing operating fields in the Norwegian Continental Shelf...

Shah Deniz consortium to start FEED works on $25bn Azerbaijan project
18 April 2012 The Shah Deniz consortium has approved the decision to start front end engineering and design (FEED) on the $25bn Shah Deniz Stage 2 project, in the South Caspian Sea, off the coast of...

Brent stable over ease on euro zone
18 April 2012 Brent crude remained stable following a successful Spanish debt auction, easing concerns over the euro zone crisis and an improved global growth forecast by International Monetary...

Oil falters over euro zone uncertainty
17 April 2012 Oil prices fell today as Spain's debt woes raised demand growth concerns and threatened to upset the global economic...

Total awards five-year contract for Angola 4D seismic work
17 April 2012 French-based CGGVeritas (CGV), a pure-play geophysical company, has been awarded a five-year contract by Total to carry out a 4D processing programme on Block 17, off the coast of...

Wintershall makes new oil discovery in Norwegian North Sea
17 April 2012 German oil and gas firm Wintershall has made an oil discovery at its Skarfjell prospect in the Norwegian North...

Oil falls amid global economic fears
16 April 2012 Oil markets have fallen due to worries about the global economy from Europe to China, raising concerns about the slowing demand for...

Noreco starts production from Oselvar field in North Sea
16 April 2012 Norwegian Energy Company (Noreco) has started production from the Oselvar field located in licences PL274 and PL274CS in the southern part of the Norwegian North...

Aker Solutions to build subsea umbilical plant in Malaysia
16 April 2012 Aker Solutions will build a $60m manufacturing plant in Pekan, Malaysia, in a bid to expand its capacity in producing steel tube...

Fall in oil over China demand growth fears
13 April 2012 Oil markets fell as demand growth worries resurfaced after China's economic expansion grew at its weakest pace in nearly three...

Framo Engineering bags subsea construction contract from Statoil
13 April 2012 Framo Engineering has won a contract worth Nkr900mn ($156m) from Statoil to design and construct the Gullfaks subsea gas compression system in the Norwegian North...

Technip wins supply contract for Australian gas field
13 April 2012 France-based Technip has won a contract from Inpex Corporation to supply a flexible pipe for its Ichthys gas field project off the coast of...

Total's Elgin gas leak could be stopped by end of month
12 April 2012 French energy giant Total said it plans to plug the gas leak from the abandoned Elgin platform off Aberdeen, on Scotland's east coast, by the end of this...

Clough Amec JV wins contract for Wheatstone project
12 April 2012 The Clough Amec joint venture has won a A$30m ($30.7m) contract for the operability, reliability and maintainability (ORM) component of the Chevron-operated Wheatstone project offshore Onslow...

Oil rises over weak dollar
12 April 2012 Oil prices rose today over a weak dollar and signs from the US Federal Reserve and the European Central Bank, which alleviated fears about growth in oil...

Brent steady at $120 over worries of demand growth
11 April 2012 Brent rose 12 cents higher at $120 a barrel, after settling $2.79 lower in the previous session, as a decline in global oil consumption and an unexpected surge in US crude stocks raised fears...

Prosafe secures submersible vessel contracts from Statoil
11 April 2012 Prosafe has secured two separate contracts from Norwegian firm Statoil Petroleum to supply its semi-submersible accommodation and service vessels, Safe Scandinavia and...

Apache secures drill ship for Kenyan offshore block
11 April 2012 Apache Kenya has secured the use of deepwater drilling ship Deepsea Metro 1 from Odfjell Drilling to drill the Mbawa prospect, offshore...

Pertamina Hulu Energi to increase production in Indonesian blocks
10 April 2012 Pertamina Hulu Energi (PHE), a subsidiary of state oil and gas company PT Pertamina, has unveiled plans to increase the production of its offshore blocks in...

Kosmos Energy signs three contracts for offshore Mauritania blocks
10 April 2012 Independent exploration and production firm Kosmos Energy has signed three production sharing contracts (PSCs) with the Government of Mauritania for Blocks C8, C12, and...

Brent slips over fall in China's imports
10 April 2012 Brent crude slipped 30 cents to $122.37 a barrel, as a fall in China's imports in March raised concerns about oil demand growth in the world's second-biggest...

Tangiers Petroleum identifies oil play at Bonaparte Basin
05 April 2012 Tangiers Petroleum has identified 14 leads confirming significant oil potential in the Milligans Fan oil play, in the sea off Northern...

Brent rises over Iran supply concerns
05 April 2012 Brent crude rose 94 cents to $123.28 a barrel, over growing concerns of Iranian supplies being disrupted due to Western...

ConocoPhillips starts drilling programme offshore Western Australia
05 April 2012 US-based energy firm ConocoPhillips has spud the first of five wells in the Greater Poseidon area, off the Western Australia...

Cairn Energy to acquire Agora Oil & Gas
04 April 2012 UK-based Cairn Energy has announced its plans to acquire Norwegian oil company Agora Oil & Gas for...

Anadarko completes drilling programme off Mozambique
04 April 2012 US oil and gas explorer Anadarko Petroleum has completed the drilling part of its planned appraisal programme, off the coast of...

Fall in oil over Saudi supply and US federal bank talks
04 April 2012 Oil prices fell today amid the news that the US central bank appeared reluctant to launch a fresh round of monetary stimulus during recent...

Galoc Production Company restarts production at Filipino oil field
03 April 2012 Otto Energy subsidiary Galoc Production Company (GPC) has restarted production at the Galoc oilfield located north-west of Palawan in the...

Sembcorp Marine unit wins contract to build ultra-deepwater rig
03 April 2012 Sembcorp Marine subsidiary Jurong Shipyard has secured a $568m contract from North Atlantic Drilling to build an ultra-deepwater semi-submersible rig for deployment in the North Sea and Barents...

Brent steady over US data and North Sea holdup
03 April 2012 Brent remained steady above $125 a barrel due to tighter crude supplies from the North Sea following the shutdown of the Valhall platform by BP last...

Brent gains on positive Chinese data
02 April 2012 Brent crude jumped 30 cents to $123.18 a barrel after China's official Purchasing Managers Index rose to 53.1, alleviating fears of an economic slowdown in the...

FMC Technologies signs equipment supply contract with Petrobras
02 April 2012 FMC Technologies, a provider of technology solutions for the energy industry, has entered into a four-year contract with Brazil's state-controlled oil company Petrobras to supply pre-salt...

BP extends Norwegian contract with Aker Solutions
02 April 2012 BP has extended its maintenance and modification contract with Aker Solutions for five Norwegian...

March 2012

Top

Aker Solutions secures drilling equipment deal from Daewoo Shipbuilding
30 March 2012 Aker Solutions has received a contract from Daewoo Shipbuilding & Marine Engineering (DSME) to provide two drilling equipment...

Technip secures umbilical contract for Cheviot field in the UK
30 March 2012 France-based Technip's wholly-owned subsidiary Duco has secured an umbilical contract from Bluewater Industries for the Cheviot field development in Block 2/10B, east of the Shetland Isles in...

Brent rises over US gasoline market
30 March 2012 Brent crude rose 39 cents to $122.78 a barrel today as investors bet on a tighter US gasoline market in the peak summer driving...

Total warns of blast risk as Elgin gas leak continues
29 March 2012 Concerns remain over the risks posed by the gas leak at French oil company Total's Elgin well in the North...

BP to sell gas assets stakes to Perenco UK
29 March 2012 BP has agreed to sell its interests in its southern gas assets (SGA) in the UK North Sea to European oil and gas firm Perenco for $400m in cash, in a bid to focus on its core activities and...

Brent holds steady over Western plans to release reserves
29 March 2012 Brent crude decreased 11 cents to remain steady at $124.05, following talks by the West to release strategic oil reserves, easing concerns over supply disruption in the Middle...

Total Elgin-Franklin spokesman - zero risk does not exist
29 March 2012 Responding to serious concerns that a gas leak near Total’s Elgin platform, located in the North Sea, company spokesman Jacques-Emmanuel Saulnier has said that whilst there is no significant...

Johan Sverdrup field owners sign pre-unit deal
28 March 2012 Owners of the Johan Sverdrup field in the North Sea have signed a pre-unit agreement, operator Statoil has...

Gas leak forces Total to shut down UK offshore Elgin platform
28 March 2012 French oil company Total has been forced to shut down its Elgin platform in the UK North Sea due to a natural gas leak from a well, which could take six months to...

Brent falls amid possible release of US oil reserves
28 March 2012 Brent crude fell 74 cents to $124.80 a barrel over the possible release of strategic oil reserves by the...

Technip wins Shetland subsea contract
27 March 2012 Technip UK has secured a €600m contract from BP and partners to develop the subsea infrastructure for the Quad 204 project, located west of the Shetland...

Ithaca Energy doubles stake in Carna Discovery
27 March 2012 Ithaca Energy has signed an agreement with Centrica North Sea Gas to double its interest in the Carna discovery, located in the Southern Gas Basin of the UK area of the North...

Oil steady over US monetary policy
27 March 2012 Brent remained steady above $125 today as comments from the US Federal Reserve indicated that an easy monetary policy would remain in place for some time, which could lead to investors...

Lundin Petroleum strikes oil at North Sea well
26 March 2012 Swedish oil and gas company Lundin Petroleum has discovered a 54m gross oil column at its Johan Sverdrup appraisal well 16/2-11, in production licence 501 in the North...

Oil falls as South Sudan plans to resume crude production
26 March 2012 Oil markets fell today following news that South Sudan may resume crude production, easing concerns about disruption of supplies from...

Brenham Oil & Gas wins award for Equatorial Guinea exploration blocks
26 March 2012 Brenham Oil & Gas said it has received a letter of award for a 15% participating interest in four offshore exploration blocks in Equatorial Guinea from the nation's...

Oil gains over positive US economic data
23 March 2012 Oil markets made gains today as positive economic data from the world's top consumer eased concerns of demand in...

Apache completes 3D seismic survey offshore Kenya
23 March 2012 Apache Corp has completed the Nanaa 3D seismic survey covering an area of 1,400km² in block L8, off the coast of...

SNC-Lavalin signs management contract for Venezuela project
23 March 2012 SNC-Lavalin has signed a $133.6m contract with Petroleos de Venezuela to provide project management services for the Delta Caribe Oriental project in Sucre state, north-east...

China demand concerns causes to oil fall
22 March 2012 Oil markets fell today amid concerns of demand growth following weak manufacturing data from China, which slipped for a fifth successive month....

Expro sells connectors and measurements business to Siemens
22 March 2012 Expro International is to sell its connectors and measurements (C&M) business to Siemens for a total consideration of...

Petrobras finds oil in Santos Basin
22 March 2012 Petroleo Brasileiro (Petrobras) has discovered oil accumulation off the coast of Sao Paulo state in...

EPC Offshore wins development contract from Hurricane Exploration
21 March 2012 EPC Offshore has secured a contract from Hurricane Exploration to select the optimum concept for the development of Hurricane's Lancaster field, located off the coast of the UK's Shetland...

Oil rises on weak US dollar
21 March 2012 Oil prices rose today as crude stocks fell and the weakened US dollar offset the prospect of a rise in supply by Saudi...

FMC Technologies wins equipment supply contract from Statoil
21 March 2012 FMC Technologies has received a $70m contract from Statoil to supply equipment for its Fram H-Nord development in the Norwegian sector of the North...

BP and Shell compete for stake in Mozambique gas field
20 March 2012 BP and Royal Dutch Shell are separately considering acquiring a 20% stake in Eni's gas field in Mozambique for...

Brent drops over eased global supply concerns
20 March 2012 Brent crude slipped by 64 cents to $125.07 a barrel today as concerns over global supply eased, while the Chinese Government put in place a plan to raise gasoline and diesel prices by up to...

Helix Well Ops UK completes first well intervention work in West Africa
20 March 2012 Helix Well Ops UK has completed a three-month campaign on West Africa's first well intervention work and subsea operations from a mono-hull intervention...

Oil gains over Iran supply disruption and oil demand
19 March 2012 Oil prices rose today over continued concerns of a potential supply disruption from Iran and the prospect of a positive US economy increasing oil...

Bangladesh petroleum company eyes partnership for offshore bidding round
19 March 2012 State-owned Bangladesh Petroleum Exploration and Production Company (BAPEX) said it intends to partner with a reputed international oil company to participate in Bangladesh’s offshore bidding...

Kosmos Energy encounters oil at Enyenra Oil Field, offshore Ghana
19 March 2012 Kosmos Energy has encountered light oil at its Enyenra-4A appraisal well in the Deepwater Tano Block, offshore Ghana....

Serica Energy to acquire 3D seismic survey offshore Namibia
16 March 2012 Serica Energy has entered into an agreement with Polarcus Seismic for an extensive 3D seismic acquisition survey in Serica's Luderitz Basin Blocks, off the coast of...

Oil rises over Iran-West tensions
16 March 2012 Oil prices rose today as increasing tensions with Iran forced the West to prepare to release their strategic oil...

Providence Resources confirms oil and gas flows from Irish well
16 March 2012 Irish oil and gas explorer and producer Providence Resources has confirmed successful oil and gas flows from its 48/24-10z Barryroe appraisal well, off the coast of southern...

Bayfield encounters oil and gas offshore Trinidad and Tobago
15 March 2012 UK-based Bayfield Energy has announced that the first exploration well to be tested in its Galeota licence, off the coast of Trinidad and Tobago, has been suspended as an oil and gas...

Oil prices rise over high US stocks
15 March 2012 US crude gained 46 cents to $105.89 a barrel after a stronger dollar supported optimism for an economic recovery within the world's largest oil consuming...

Aker Solutions secures FEED contract for world's largest spar platform
15 March 2012 Norwegian oil services group Aker Solutions has secured a front-end engineering and design (FEED) contract from Statoil to design the world's largest spar platform for the Aasta Hansteen field,...

Brent crude steady ahead of US oil data
14 March 2012 Brent crude stayed above $126 a barrel as expectations for a boost in US crude inventories improved the economic outlook for the world's largest oil...

Singapore shipyard to build well intervention rig for Helix
14 March 2012 Sembcorp Marine's subsidiary Jurong Shipyard has secured a $385.5m order to build a semisubmersible well intervention rig for Helix Energy Solutions...

Anadarko Petroleum starts first oil production at Caesar Tonga development
14 March 2012 Anadarko Petroleum Corporation and co-owners Shell and Chevron have announced the first oil production at the Caesar/Tonga development in the Gulf of...

RWE Dea Norge to acquire stake North Sea production licence
13 March 2012 RWE Dea Norge has signed an agreement with Wintershall Norge to acquire a 10% equity in production licence (PL) 418 in the North...

Survey: subsea engineers paid highest salary in oil and gas industry
13 March 2012 Subsea, piping and drilling engineers are paid the highest salaries amongst oil and gas industry professionals, according to a recent...

Oil prices rise as economic outlook improves
13 March 2012 Brent crude rose by 43 cents to $125.77 a barrel today as investors awaited word from the US central bank on the country's improved economic...

Oil falls due to demand worries
12 March 2012 Oil prices dropped for the first in four sessions on Monday, with Brent slipping towards $125 a barrel, as weak Chinese exports raised concerns about global...

Anadarko recovers gas flows off Mozambique coast
12 March 2012 US oil and gas explorer Anadarko Petroleum recovered gas flows of 90 to 100 million cubic feet a day during the first flow testing at the Barquentine-2 well, off the coast of...

Grup Servicii Petroliere wins contract for North Sea pipelay services
12 March 2012 Grup Servicii Petroliere (GSP) has secured a new contract from Wintershall Noordzee to provide North Sea pipelay...

Brent holds steady over Greece debt swap deal
09 March 2012 Brent stayed above $125 a barrel today as Greece secures a bond swap deal to avoid a potentially disastrous...

Technip secures FEED contract for Luva field off Norway
09 March 2012 Statoil has awarded a lump sum front-end engineering and design (FEED) contract to France-based Technip for the Luva field development off the Norwegian...

BAM Clough JV wins jetty contract for Ichthys LNG project
09 March 2012 BAM Clough joint venture (JV) has secured a $370m contract to build a product loading jetty for the Inpex-operated Ichthys liquefied natural gas (LNG) project in the Browse Basin off the coast...

Global software company wins contract for UK subsurface data services
08 March 2012 Global software firm Schlumberger Information Solutions (SIS) has secured a new five-year contract from Common Data Access (CDA), a subsidiary of Oil & Gas UK, to operate the CDA...

Eni drills appraisal well in discovery off Norwegian coast
08 March 2012 Italy-based oil and gas company Eni has completed the drilling of an appraisal well in the Skrugard discovery in the Barents...

Oil gains on Greece hopes and US jobs data
08 March 2012 Oil markets rose today on hopes that Greece would win enough creditor support to avoid a messy default, while US jobs data also supported...

Technip wins supply contract for Australia's Fletcher Finucane
07 March 2012 France-based Technip has secured a flexible pipe supply contract from oil and gas exploration and production company Santos for its Fletcher Finucane oil field development, offshore North...

Oil rises over China demand growth
07 March 2012 Oil markets rose today as China said it plans to boost energy imports this year, while Iranian supply concerns...

Brazilian National Petroleum Agency approves BP farm-in
07 March 2012 The Brazilian National Petroleum Agency has approved BP's farm-in to four deepwater exploration and production blocks operated by Brazil's state-owned oil company...

Ezra unit secures subsea installation contract for Statoil’s Fram field
06 March 2012 Ezra Holdings subsea construction division EMAS AMC has secured a contract for marine installation and pipe lay from Norwegian firm...

Rise in oil amid demand concerns
06 March 2012 Oil markets rose today over supply disruptions from Iran, as investors worry oil consumption will suffer as the euro zone faces its second recession in three...

Lundin Norway to develop fields in the North Sea
06 March 2012 Lundin Norway and its partners Wintershall Norge and RWE Dea Norge have reached an agreement with Det norske Oljeselskap to develop the Luno and Draupne fields in the North...

BP reaches $7.8bn settlement over Deepwater Horizon oil spill
05 March 2012 Oil giant BP has reached a $7.8bn settlement with the Plaintiffs' Steering Committee (PSC) relating to the Deepwater Horizon disaster in the US Gulf of...

Drop in Brent over demand growth concerns
05 March 2012 Brent crude fell 15 cents to $123.49 a barrel today due to worries over demand growth, although further falls were halted because of fears about a drop in supply as Iran exports less crude to...

Statoil introduces new rig concept to increase recovery rate
05 March 2012 Norway-based oil and gas firm Statoil is introducing a new drilling rig concept for mature fields on the Norwegian continental shelf (NCS) to increase recovery rate from its wells and reduce...

Petrobras starts oil production in Gulf of Mexico
02 March 2012 Brazil's state-owned oil company Petrobras has started pumping oil from the first of two deep water oil fields in the US Gulf of...

Brent falls due to Saudi Arabia supply fears
02 March 2012 Brent crude futures slipped 56 cents to $126 a barrel today, as fears of supply disruption from Saudi Arabia eased the concerns of investors expecting oil demand to decline in the coming...

BG Group secures approval for $1.8bn Brazilian projects fund
02 March 2012 UK energy company BG Group has received initial approval for up to $1.8bn of long-term finance from the Brazilian Development Bank (BNDES) to fund its interests in the pre-salt Santos Basin,...

Technip wins subsea contracts from Statoil
01 March 2012 Technip has secured two subsea contracts from Statoil for the Åsgard and Gudrun & Valemon fields in the Norwegian Sea....

Tap Oil begins drilling off Western Australia
01 March 2012 Tap Oil has started drilling works at the Tallaganda-1 exploration well in the Carnarvon Basin off the Western Australia...

Oil drops due to supply disruptions in the Middle East
01 March 2012 Oil prices fell today because of concerns about supply disruption from the Middle East as sanctions tighten supplies from OPEC producer...

February 2012

Top

Aker Solutions wins Statoil drilling facilities upgrade contract
29 February 2012 Aker Solutions has secured a Nkr1bn ($180m) contract from Statoil to upgrade drilling facilities on the Snorre A platform in the North...

Oil gains ahead of ECB loan package
29 February 2012 Oil prices rose today ahead of expectations that cheap loans from the European Central Bank will spur investors to buy riskier...

Dong and Bayerngas to invest $2.2bn in Hejre oil field
29 February 2012 Denmark's state-owned oil and gas group Dong Energy and Germany's Bayerngas will invest $2.2bn to develop the Hejre field in the Danish area of the North...

Statoil confirms high-impact Brazilian oil discovery
28 February 2012 Statoil, in partnership with Repsol Sinopec and Petrobras, has made a significant high-impact oil discovery in the Pão de Açúcar area off the coast of...

Brent falls below $124 a barrel
28 February 2012 Brent crude futures fell 41 cents to $123.76 a barrel, while US crude dropped by 29 cents to $108.27, halting a surge in prices that threatened to hurt the economic...

Technip secures development contract off Brazilian coast
28 February 2012 Brazil's state-owned oil company Petrobras has awarded a lump sum supply contract to France-based Technip for the Guara and Lula Nordeste...

Songa Offshore secures $2.66bn Statoil rig contract
27 February 2012 Norwegian offshore drilling operator Songa Offshore has been awarded contracts from Statoil worth $2.66bn to build two new category D semi-submersible...

MEO Australia subsidiary signs farm-in deal for offshore block
27 February 2012 MEO Australia announced that its wholly-owned subsidiary Rayong Offshore Exploration has signed a farm-in agreement with Pearl Oil Offshore (Pearl Oil) for a 50% stake in a block in the Gulf...

Brent falls with concerns of supply disruption
27 February 2012 Brent crude fell by 86 cents to $124.61 a barrel today, after settling at its highest price since 29 April last year amid concerns over supply disruption, as tensions surrounding Iran's...

Statoil and ExxonMobil discover Tanzania offshore gas
24 February 2012 Norwegian oil firm Statoil, in collaboration with its project partner ExxonMobil, has made a large gas discovery off the coast of...

GE wins equipment supply contract for Julimar project
24 February 2012 GE Oil & Gas has secured a subsea equipment supply contract worth more than $150m from Apache for the Julimar project off the Western Australia...

Oil rises over Iran supply concerns and US data
24 February 2012 Oil markets rose today as tensions grew between Iran and the West, in addition to positive US economic data supporting...

Technip secures Statoil installation contract
23 February 2012 France-based Technip has won a $198m installation contract from Statoil for its major Asgard subsea compression project off the Norwegian...

Anadarko Petroleum finds Sierra Leone gas pay
23 February 2012 US oil and gas explorer Anadarko Petroleum has discovered 30m of hydrocarbon pay at the Jupiter-1 discovery well, off the coast of Sierra...

Brent rises as Japan plans to cut Iranian oil imports
23 February 2012 Brent crude rose to $122.64 a barrel due to concerns that Japan could cut the volume of its Iranian crude oil imports by at least 20% to win waivers from US...

US and Mexico sign deal for oil and gas exploration
22 February 2012 The US and Mexico have reached an agreement to jointly develop drilling operations in the Gulf of...

Brent slips over weak China data and euro zone worries
22 February 2012 Brent crude droppped by 14 cents to $121.52 a barrel, as weak Chinese manufacturing data weighed on prices and worries resurfaced over the euro zone debt...

Technip secures Tubular Bells field contract in Gulf of Mexico
22 February 2012 France-based Technip has secured a contract from global integrated energy company Hess Corporation for the development of the Tubular Bells field, located in the Mississippi Canyon area of the...

Subsea7 to introduce autonomous inspection vehicle in Australia
21 February 2012 Subsea7 has designed a new autonomous inspection vehicle (AIV) in partnership with SeeByte, which will be introduced at the Subsea Australasia Conference in Perth later this...

Oil steady over EU bailout for Greece
21 February 2012 Oil markets held steady as euro zone finance ministers approved a second bailout package for debt-ridden...

Det norske secures Norway’s approval to develop Jette field
21 February 2012 Det norske oljeselskap has received approval from the Norwegian authorities to develop the Jette field located in blocks 25/7 and 25/8, in the mid-part of the North Sea....

Oil gains as Iran halts supplies to UK and French firms
20 February 2012 Oil markets rose today after the Iran’s oil ministry halted crude exports to French and British companies....

Sembcorp Marine unit secures contract to build jack-up rig for Safin Gulf
20 February 2012 PPL Shipyard, a subsidiary of Sembcorp Marine, has secured a $213m contract to build a jack-up drilling rig for Safin...

Hyperdynamics discovers oil at Sabu-1 well offshore Guinea-Conakry
17 February 2012 Oil and natural gas explorer and producer Hyperdynamics Corporation has encountered oil at the Sabu-1 exploration well on its concession offshore...

Aker secures Statoil Troll field equipment supply contract
17 February 2012 Oil services company Aker Solutions has secured a NOK350m ($61m) contract from Statoil to deliver six subsea trees and a tool package for Troll field on the Norwegian continental...

Brent above $120 over Iran supply worries
17 February 2012 Brent crude rose 21 cents to $120.32 a barrel over persistent supply worries as top European buyers of Iranian oil make supply...

Eni discovers natural gas offshore of Mozambique
16 February 2012 Italy-based oil and gas company Eni has made a natural gas discovery at the Mamba North one prospect in Area 4, offshore of...

Technip secures pipeline installation contract in Australia
16 February 2012 Technip has secured a pipeline installation contract from Woodside Energy for the Greater Western Flank phase one project located 130km northwest of Karratha in Western...

Brent gains over supply concerns from Middle East, Euro woes
16 February 2012 Brent crude gained 12 cents, to $119.05 a barrel, over fears of supply disruptions from the Middle East and a delay in a second bailout package for...

Hyperdynamics completes drilling at Sabu-1 well offshore Guinea-Conakry
15 February 2012 Oil and natural gas explorer and producer Hyperdynamics Corporation has completed drilling of the Sabu-1 exploration well on its concession offshore...

Peak deploys SIM plug system for Apache in Australia
15 February 2012 Peak Well Systems (Peak) has successfully deployed the first of its new large bore SIM plug systems for US oil and natural gas firm Apache on the North West Shelf in...

Oil prices rise as supply worries outweigh Euro zone woes
15 February 2012 Oil prices rose today as supply concerns in the Middle East overshadowed uncertainties over Greece's struggle to avoid...

Oil falls amid Europe demand growth concerns
14 February 2012 Oil markets were pushed down by demand growth concerns in Europe after ratings agency Moody's downgraded six countries in the...

Kvaerner secures Hild contract from Total
14 February 2012 Norway-based engineering group Kvaerner has won a Nkr1.2bn ($210m) deal from Total E&P Norge for the Hild field development in the Norwegian North...

Emerson secures contract to automate offshore platform in Caspian Sea
14 February 2012 Emerson Process Management has secured a multi-million-dollar contract from the Azerbaijan International Operating Company to operate a new offshore platform in the Azerbaijan sector of the...

Iraq opens new oil export terminal in Persian Gulf
13 February 2012 Iraq has launched a new offshore terminal in the Persian Gulf in a bid to maximise crude oil...

Oil rises as Greece approves austerity bill
13 February 2012 Oil markets rose today after Greece approved an austerity bill to secure a second...

MEO Australia starts acquisition of Floyd 3D seismic survey
13 February 2012 MEO Australia, through the S/R Veritas Viking II vessel, has started work on the 601km² Floyd 3D seismic survey in the WA-454-P region, off the Australian...

Oil slips as demand falls over China data
10 February 2012 Oil markets dipped today as data on China showed a high trade surplus because of a fall in imports for January, raising fears of demand slowing...

DUCO wins top honour at Subsea UK awards
10 February 2012 DUCO has picked up the 'Company of the Year' accolade at this year's Subsea UK awards...

Octanex begins third seismic survey offshore Australia
10 February 2012 Australia's Octanex has started its third 3D seismic survey in the Southern Bonaparte Basin, off the coast of Western...

Total begins second phase of Ofon field development
09 February 2012 French oil and gas firm Total has started work on the second phase of the Ofon field development off the coast of...

Oil rises due to demand hopes and Iran supply
09 February 2012 Oil markets rose today over renewed hopes of an increase in global demand as Greece tries to get its debt crisis under control and supply in the Middle East continues to be...

AMEC selects CloudApps solution to reduce carbon emissions
09 February 2012 Engineering and project management firm AMEC has selected CloudApps, a provider of sustainability software, to deploy its sustainable solution across its 40 international operations...

Technip wins $2.1bn supply contract from Petrobras
08 February 2012 France-based Technip has received a contract worth $2.1bn from Brazil's state-owned oil company Petrobras to supply some 1,400km of flexible...

Brent drops amid Greece debt woes
08 February 2012 Brent fell 21 cents to $116.02 a barrel as uncertainty remains over Greece's ability to resolve its debt...

Oando unit wins two-year rig contract with Shell
08 February 2012 Oando Energy Services Limited (OESL) has been awarded a two year drilling contract for its swamp rig OES Passion for operations in the Niger...

Oil steady over cold spell in Europe
07 February 2012 Oil markets were steady as a cold spell in Europe and supply concerns from the Middle East temporarily diverted attention from Europe's debt...

Seadrill wins rig charter contracts
07 February 2012 Seadrill, an offshore deepwater drilling company, has secured new charter contracts for three jack-up...

Technip secures contracts for Jubilee project offshore Ghana
07 February 2012 France-based Technip has secured two contracts worth €100m for Phase 1A of Tullow Oil's Jubilee project, off the coast of...

Swiber secures offshore construction and vessel chartering contracts
06 February 2012 Singapore-based offshore oil and gas industry service provider Swiber Holdings has secured contracts totalling $216m for offshore construction projects, as well as vessel chartering services...

Oil drops over Greece debt risk
06 February 2012 Oil markets fell as concerns over Iran's supply disruption continued, as well as the risk of a Greece sovereign debt default, which could bring the euro zone into a demand-consuming...

Oil & Gas UK still opposed to EU regulation for UK offshore industry
03 February 2012 Oil & Gas UK has reiterated its earlier opposition to the European Commission's proposed safety regulation for the UK's offshore oil and gas...

Aker Solutions buys Sandnessjøen Engineering
03 February 2012 Aker Solutions has acquired Norwegian engineering firm Sandnessjøen Engineering for an undisclosed...

Brent steady above $112 a barrel because of Iran tension
03 February 2012 Reports of the growing chance of Israel attacking Iran have added to tensions in the region and resulted in Brent crude holding above $112 a barrel...

Lux Assure introduces chemical detection kit
02 February 2012 UK-based Lux Assure has launched a new chemical detection kit for the oil and gas sector, which determines the concentration of methanol or monoethylene glycol (MEG) in oil and...

Ensco to supply semi-submersible rig for Anadarko
02 February 2012 A subsidiary of UK-based provider of offshore drilling services Ensco has secured a $480m contract from US firm Anadarko Petroleum, for the ultra-deepwater semi-submersible rig of its 8500...

Brent rises above $112 a barrel amid Iran worries
02 February 2012 Oil prices rose on Thursday due to persistent fears regarding the supply from Iran, while optimistic global manufacturing eased concerns over a worldwide economic...

Santos starts gas production at Wortel project, Indonesia
01 February 2012 Santos, the Australian oil and gas firm, has started gas production from the Wortel discovery off the coast of...

Oil rises further over Iran supply concerns
01 February 2012 Oil prices rose on Tuesday amid fears that tensions between Iran and the West may intensify, with US lawmakers considering more sanctions on...

Statoil selects Spar platform to develop Luva gas field
01 February 2012 Norway-based oil and gas firm Statoil, in cooperation with ExxonMobil and ConocoPhillips, has selected a Spar platform for the development of the Luva gas field in the Norwegian...

January 2012

Top

Oil rises over Iran and South Sudan supply concerns
31 January 2012 Oil prices rose on Tuesday amid concerns over the supply from Iran and South Sudan, as well as the prospect of the global economic slowdown hitting...

OGX starts oil production at Waimea field in Brazil
31 January 2012 Brazilian oil and gas company OGX Petroleo e Gas Participacoes has started the first production at the Waimea field in the Campos Basin, off the coast of...

GE Oil & Gas secures $1bn contracts for Ichthys LNG project
31 January 2012 GE Oil & Gas has won contracts worth more than $1bn to supply equipment and services for the Ichthys LNG project in...

Rialto Energy to raise $60m for Gazelle field
30 January 2012 Australian independent oil and gas company Rialto Energy has unveiled plans to raise $60m in share capital to support its Gazelle field exploration and development programme located off the...

Camac secures operatorship contract for two offshore exploration blocks
30 January 2012 US-based energy company Camac Energy has secured a contract from the Gambian Ministry of Petroleum to be the operator of two offshore exploration blocks in the West African Transform...

Oil prices slip over EU debt crisis and Iran
30 January 2012 Oil prices fell today as investors expressed concerns over an imminent European Union summit being held to find a resolution to the region's debt...

Leni Gas & Oil to start drilling in Gulf of Mexico next week
27 January 2012 Leni Gas & Oil (LGO) has announced that drilling on the Eugene Island field in the Gulf of Mexico could begin next week, with the Ocean Columbia jack-up rig arriving...

Oil steady on hopes of demand growth
27 January 2012 Oil markets held steady above $110 a barrel on hopes of demand growth as positive data from the US raised expectations of economic expansion gaining strength in the world's top oil-consuming...

Technip secures design contract for Wheatstone project in Australia
27 January 2012 French engineering company Technip Oceania (TPO) has secured a €90m contract for the detailed design of Chevron's Wheatstone offshore gas processing platform located 200km off the coast of...

Nido Petroleum to start 2D seismic survey offshore Philippines
26 January 2012 Nido Petroleum is to acquire a new 2D seismic survey in service contract 58 (SC 58), offshore Philippines, on behalf of block operator Philippine National Oil Corporation-Exploration...

Oil prices rise as US Fed promises low interest rates
26 January 2012 Oil markets rose this morning on hopes of demand growth after the US Federal Reserve stated it would keep interest rates low to help speed economic...

McDermott secures $2bn subsea contract for Ichthys field development
26 January 2012 A McDermott International subsidiary has won a $2bn subsea contract from Japan-based Inpex for the Ichthys gas-condensate field development in...

E.ON Ruhrgas encounters dry wells at Skarv field
25 January 2012 E.ON Ruhrgas Norge has encountered dry wells at the Skarv field in production licence 350, in the Norwegian Sea....

OMV to develop offshore New Zealand oilfields
25 January 2012 Austrian oil and gas company OMV has unveiled plans for the development of the Maari and Manaia oilfields in New Zealand's offshore Taranaki...

Oil prices rise on positive demand outlook
25 January 2012 Oil markets rose this morning as prospects for demand growth look likely to improve, but supply concerns remained as Iran threatens to close the Strait of...

AWE acquires Indonesian offshore assets
24 January 2012 AWE Limited has executed a sale and purchase agreement with a Genting Berhad subsidiary to acquire a 100% interest and operatorship in two production sharing contracts offshore Indonesia for...

Brent rises on threat of Iranian supply disruption
24 January 2012 Brent crude increased by 6¢ to stand at $110.64 after Iran renewed its threat to block Arab oil from leaving the Gulf, raising supply...

European Union approves ban on Iranian oil imports
24 January 2012 The European Union (EU) has approved a gradual ban on all future contracts to import Iranian oil as part of an international effort to put pressure on Iran's controversial nuclear...

Lundin Petroleum finds oil in Bertam-2 well
23 January 2012 Swedish oil and gas explorer and producer Lundin Petroleum has discovered oil in the Bertam-2 appraisal well in the PM307 production sharing contract (PSC) area, offshore Peninsular...

Shell Canada to invest in Nova Scotia exploration
23 January 2012 Shell Canada will spend $970m on exploring offshore oil and gas deposits in Nova Scotia, Canada, over the next six...

Brent steady as euro demand offsets supply disruptions
23 January 2012 Brent crude remained steady at $109.86 a barrel this morning, as concerns about European demand offset worries about supply disruptions from the Middle East....

Oil gains as worries over Europe funding recede
20 January 2012 Oil prices rose as Europe's funding worries ease, but anxiety about supply disruption from Iran...

Lundin unit submits plan for Luno oilfield development
20 January 2012 Lundin Norway, a unit of Lundin Petroleum, and its partners Wintershall and RWE Dea, has submitted a plan for development and operation (PDO) to the Norwegian Ministry of Petroleum and Energy...

Anadarko strikes light oil offshore Ghana
20 January 2012 US oil and gas explorer Anadarko Petroleum has discovered light oil at the Ntomme-2A exploration well on the Deepwater Tano block, offshore...

Oil prices rise on US oil stocks draw
19 January 2012 Oil prices rose this morning on a draw in US oil stocks and hopes of a recovery in...

Saipem secures $1.8bn E&C contracts for Ichthys project
19 January 2012 Saipem has been awarded engineering and construction contracts worth $1.8bn to be carried out by its newly built Castorone pipelay vessel....

TGS to start 3D multi-client survey offshore Angola
19 January 2012 TGS-NOPEC Geophysical Company has entered a final agreement with Angolan oil company Sonangol to start the acquisition of a 3D multi-client survey covering 12,500km2, offshore...

Anadarko finds natural gas offshore Mozambique
18 January 2012 US oil and gas explorer Anadarko Petroleum has made its seventh natural gas discovery in the Rovuma Basin, offshore...

Brent rises as dollar weakens
18 January 2012 Oil prices increased this morning, as the dollar weakened and large positive economic indicators mitigated demand concerns triggered by the European debt...

AGR wins Statoil well-management contract in Norway
18 January 2012 AGR, a provider of technologies and services to the petroleum industry, has been awarded a frame contract worth Nkr100m-130m ($17m-21m) from Statoil to provide well-management services in...

Lundin Petroleum completes drilling Avaldsnes appraisal well
17 January 2012 Sweden-based Lundin Petroleum has completed drilling the 16/5-2S appraisal well on the Avaldsnes discovery, offshore...

Spectrum begins 2D seismic survey offshore Namibia
17 January 2012 Spectra Energy has started a new 2D multi-client seismic survey offshore Namibia in partnership with CGGVeritas and the National Petroleum Corporation of...

Oil gains on China demand
17 January 2012 Oil markets rose on expectations of steady demand growth after China, the world's second-largest oil consumer, posted an 8.9% growth for the fourth quarter of...

Oil gains over Iranian supply worries
16 January 2012 Oil prices rose over worries about supply disruptions after Iran warned of consequences if Arabian Gulf oil producers raise their output to replace Iranian...

Santos approves Fletcher Finucane oil project
16 January 2012 Australian oil and gas exploration and production company Santos has approved the A$490m ($505m) Finucane oil project in the Carnarvon Basin, offshore Western...

Rialto Energy secures funding for Gazelle field
16 January 2012 Australia-based independent oil and gas company Rialto Energy has entered a principle agreement with the International Finance Corporation (IFC) for a proposed investment of $20m in an...

Santos completes Wortel wells drilling
13 January 2012 Australian oil and gas exploration and production company Santos has completed the drilling of two development wells on the Wortel gas discovery, within the Sempang production sharing...

Oil prices rise on Nigerian supply worries
13 January 2012 Oil markets rose this morning on worries of supply disruption from Nigeria, while positive demand about Spain and Italy's debt sales eased eurozone debt...

Aker Solutions secures umbilicals contract for Lucius field
13 January 2012 Norwegian oil services company Aker Solutions has been awarded a contract from Anadarko Petroleum to provide eight steel tube umbilicals for the Lucius field, in the Gulf of...

Oil gains over Nigeria, Iran supply worries
12 January 2012 Oil markets rose this morning as worries about supply disruptions from Nigeria and Iran offset pressure from a high inventory build and eurozone debt...

CGGVeritas to acquire seismic surveys offshore Australia
12 January 2012 CGGVeritas has secured a contract from MEO Australia for the acquisition of three marine seismic surveys, offshore Northern...

Maersk Drilling signs rig charter contract with ConocoPhillips
12 January 2012 Danish rig owner Maersk Drilling has entered an agreement with ConocoPhillips to charter a jack-up rig to be deployed in the UK North...

Woodside uses AGR drilling technique to set world record
11 January 2012 Oil and gas company Woodside has set a new world record for drilling the deepest well on the Tidepole East-1 exploration well, offshore Western...

Technip secures contract for Golden Eagle development project
11 January 2012 France-based Technip has secured a €135m contract from UK-based Nexen Petroleum for the Golden Eagle development project in the UK North...

Oil markets fall on Euro debt and supply disruption woes
11 January 2012 Oil prices dropped this morning as Europe's debt crisis and a rise in US oil inventories overshadowed concerns about supply disruptions from Iran and...

DNV launches deepwater technology centre in Singapore
10 January 2012 DNV, a global provider of risk management services, has launched a deepwater technology centre in...

NPCC secures ONGC equipment contract
10 January 2012 Abu Dhabi-based National Petroleum Construction Company (NPCC) has been awarded an engineering and construction contract worth AED550m ($149.7m) from India's Oil and Natural Gas Corporation...

Brent rises above $113 over fears of Iran's nuclear programme
10 January 2012 Brent crude rose 61¢ to above $113 on Tuesday as tensions heightened over Iran's nuclear programme and unrest in...

Oil gains over Iranian supply threat
09 January 2012 Oil prices rose this morning as Iran threatened to block the Strait of Hormuz, increasing fears of supply...

Statoil discovers oil at Havis prospect in Barents Sea
09 January 2012 Statoil ASA, in collaboration with its project partners Eni Norge AS and Petoro, has made a new oil discovery in the Havis prospect in the Barents...

Technip secures contract extension from Statoil
09 January 2012 France-based Technip has been awarded a two-year extension for its frame contract to provide subsea services for a Statoil facility in Stavanger,...

Statoil completes Skinfaks South well drilling
06 January 2012 Norway-based oil company Statoil has finished drilling the Skinfaks South well in the Gullfaks field, North...

Brent rises as Euro Zone troubles continue
06 January 2012 Brent crude rose by 3¢ to stand at $112.77 a barrel by 07.27 GMT today as unresolved EU debt issues weigh on the global growth...

Aker Solutions wins subsea contract for Boyla project
06 January 2012 Norwegian engineering firm Aker Solutions has entered a Nkr210m ($35m) contract with Marathon Oil Norge to supply a subsea production system for the operator's Boyla project on the...

Oil markets slip over eurozone crisis fears
05 January 2012 Oil prices fell ahead of the French bond auction later today as fresh fears of a eurozone crisis...

Serica Energy wins offshore UK licences
05 January 2012 Serica Energy has won production licences for two projects located offshore...

Maersk Oil confirms discovery offshore Angola
05 January 2012 Denmark-based Maersk Oil, in partnership with Sociedade Nacional de Combustíveis de Angola Empresa Pública (Sonangol), has confirmed an oil discovery at the Azul-1 deepwater exploration...

Oil market falls after sharp gains
04 January 2012 Oil markets fell today after sharp gains yesterday as tensions between Iran and Western nations rise amidst positive economic data from the US and...

Ophir Energy starts drilling programme offshore Tanzania
04 January 2012 Ophir Energy has begun its 2012 drilling programme in Tanzania with the drillship Odfjell...

Iran’s South Pars gas field development nears completion
04 January 2012 The five phases of the South Pars gas field development located in the Persian Gulf are nearing completion....

Oil output increases at Afren Nigerian block
03 January 2012 UK-based oil and gas firm Afren has confirmed that production has reached 40,000 barrels per day (bpd) at its Ebok field, offshore...

ONGC to develop Krishna Godavari Basin gas discovery
03 January 2012 Indian state-owned Oil and Natural Gas Corporation (ONGC) is to spend $2.89bn on the development of the UD-1 gas discovery in the prolific Krishna Godavari Basin, offshore...

Brent gains as China’s manufacturing activity rises
03 January 2012 Brent crude rose by $1.47 to near $109 a barrel today over a slight rise in China's manufacturing activity, raising hopes for higher oil demand; however, rising tensions between Iran and the...

OGX secures operating licence for Waimea accumulation
03 January 2012 Brazilian oil and gas company OGX Petroleo e Gas Participacoes has received an operating licence from the Brazilian Institute for Environment and Renewable Natural Resources for the...

December 2011

Top

Cobalt resumes drilling operations for Ligurian #2 exploratory well
23 December 2011 Cobalt International Energy (Cobalt) has resumed drilling operations in the Gulf of Mexico after receiving approval from US authorities for the Ligurian #2 exploratory...

Oceaneering secures charter vessel contract from BP offshore Angola
22 December 2011 Oceaneering International, an oilfield provider of engineered services and products, has secured a three-year field support vessel services contract from British oil company BP, offshore of...

Oil markets rise over drop in US crude stocks
22 December 2011 Oil prices rose today, gaining for a fourth straight day, as a sharp drop in US crude stocks overshadowed persistent worries that the euro zone debt crisis would curtail global oil...

Encore Tudor Rose well rises in UK's North Sea
22 December 2011 UK-based oil and gas firm EnCore Oil has announced that its Tudor Rose prospect located on the 14/30a-5 appraisal well has reached a total measured depth of 3,590ft in the Central North...

Noble Energy encounters gas pay at Israeli block
21 December 2011 Noble Energy has encountered natural gas pay at its Leviathan appraisal well in the Amit licence, offshore...

Oil markets rise on strong economic data
21 December 2011 Oil prices rose this morning as US strong economic data overshadowed fears of a fall in demand in the world's biggest oil...

Statoil secures operatorship in Angolan pre-salt blocks
21 December 2011 Norway-based oil company Statoil has won a contract to operate pre-salt blocks in the Kwanza Basin, offshore...

Neon Energy signs PSC for Tanjung Aru block
20 December 2011 Australian-based Neon Energy has signed a production sharing contract for the Tanjung Aru Block, offshore...

Oil prices rise on Kazakhstan supply threats
20 December 2011 Brent prices increased by 56¢ to stand at $104 a barrel today over fears of supply disruption from Central Asian oil producer...

Technip secures contract for Anadarko Lucius project
20 December 2011 France-based Technip has secured a lump sum contract from Anadarko Petroleum Corporation for the Lucius development project in the Gulf of...

Rialto Energy wins approval for Gazelle field
19 December 2011 Australia-based independent oil and gas company Rialto Energy has received approval from the Ivory Coast Government for the field development plan of the Gazelle field in...

Oil prices slip over North Korean uncertainty, eurozone debt
19 December 2011 Oil markets fell today weighed by the death of North Korean leader Kim Jong-il and ongoing eurozone debt...

Saipem secures $600m E&C offshore contracts
19 December 2011 Saipem, a provider of engineering, procurement, project management and construction services, has secured $600m of engineering and construction contracts, offshore South...

Anadarko to develop Lucius project in Gulf of Mexico
16 December 2011 Anadarko Petroleum will begin the development of the Lucius project located in the Keathley Canyon area of the deep water Gulf of...

Nido Petroleum completes seismic survey offshore Philippines
16 December 2011 Nido Petroleum Limited (Nido) has completed combined 2D seismic surveys of a site offshore the Philippines....

EOCP signs interim agreement for North Sea FPSO study
15 December 2011 Emas Offshore Construction and Production (EOCP) has entered an exclusive interim agreement for the engineering study of a floating production, storage and offloading vessel (FPSO) for the...

Kongsberg wins contract to develop environmental monitoring system
15 December 2011 Norway-based oil company Statoil has awarded a Nkr150m ($25m) contract to Kongsberg Oil & Gas Technologies to develop the first integrated environmental monitoring system for oil and gas...

Brent rises to $106 over recovering losses
15 December 2011 Brent crude futures gained 70¢ to stand at $106 this morning, after plunging to its lowest level in nearly three months in the previous...

Oil slips ahead of OPEC meet today
14 December 2011 Oil markets fell ahead of an OPEC meeting scheduled later today as investors turned their attention to the global growth...

NZOG to acquire 40% stake in cosmos concession offshore of Tunisia
14 December 2011 New Zealand Oil & Gas (NZOG) has entered into an agreement to acquire a 40% stake from Storm Ventures in the Cosmos concession located offshore of...

Subsea 7 wins engineering contract from Shell
14 December 2011 Subsea 7, a Norway-based seabed-to-surface engineering and construction contractor, has been awarded two engineering and installation contracts for the Cardamom and West Boreas Projects in the...

Oil prices steady on Europe's debt woes
13 December 2011 Oil markets were steady today, after falling in the previous session, over concerns of demand growth as investors worried that last week's pact by European leaders may not be enough to curtail...

OMV, Shell to begin seismic data acquisition in Great South Basin
13 December 2011 Austrian oil giant OMV, in partnership with its majority joint venture partner Shell New Zealand, will commence their next seaborne seismic data acquisition programme in the Great South...

FMC Technologies secures subsea equipment contract offshore of Angola
13 December 2011 FMC Technologies has signed a contract with BP to manufacture and supply subsea equipment for its ongoing deep water projects in offshore...

Noble Energy's Israeli offshore block concession transfer approved
12 December 2011 The Cypriot Government has approved Noble Energy's proposal to transfer 30% of its rights in Block 12 to Delek Group's subsidiary Delek...

Oil slips over EU deal
12 December 2011 The price of Brent crude fell today as investors assess the outcome of European policy makers' agreement to draft a new treaty for deeper economic integration....

AGR secures Statoil surface management contract extension
12 December 2011 AGR Field Operations has been awarded a Nkr60m ($10.33m) contract extension from Statoil to provide its surface management services for 12...

Lukoil and partners discover oil offshore Cote d’Ivoire
09 December 2011 Vanco Cote d'Ivoire, in partnership with Lukoil Overseas Cote d'Ivoire and Petroci Holding, has discovered oil in block CI-401, offshore the Ivory...

Oil prices slip over European debt crisis
09 December 2011 Oil markets fell today on fears that European policy-makers will fail to deliver a concrete plan to tackle the eurozone debt...

AWE sells Bass basin stakes to Toyota Tsusho
09 December 2011 AWE Limited has sold equity stakes in two permits in the Bass Basin, offshore Australia, to Japan's Toyota Tsusho Gas E&P...

EV to deploy wellbore technology for BP
08 December 2011 Oil and gas remote downhole and wellbore camera specialist EV has entered a six-month agreement with BP Norway to deploy its wellbore technology on BP's North Sea...

Oil rises ahead of ECB meeting
08 December 2011 Oil markets rose today as investors await results of the European Central Bank's final monetary policy meeting...

Leighton Offshore launches engineering business in Malaysia
08 December 2011 Leighton Offshore has launched its new engineering business, DPS Leighton Engineering, in...

CGX Resources awards 3D marine seismic contract to PGS unit
07 December 2011 Canada-based CGX Resources, a unit of oil and gas explorer CGX Energy, has awarded a 1,160km2 3D marine seismic contract to a subsidiary of Petroleum Geo-Services...

Brent crude falls ahead of EU summit
07 December 2011 Brent crude slipped 5¢ to stand at $110.76 a barrel ahead of the European Central Bank (ECB) meeting tomorrow and the EU summit on...

Saratoga Resources, McMoRan to form joint venture
07 December 2011 Saratoga Resources has entered negotiations with McMoRan Oil and Gas regarding a potential joint venture on Saratoga's Long John Silver Prospect at the Vermilion 16 field in the...

Adira Energy to farm out Yitzhak licence
06 December 2011 Oil and gas exploration company Adira Energy has entered a series of agreements to farm out part of its interest in the Yitzhak licence, offshore...

Statoil partners reach investment decision on Visund North field plan
06 December 2011 Norway-based oil company Statoil is to invest Nkr3.1bn ($538m) in fast-tracking the Visund North field development in the North...

Oil prices slip over eurozone downgrade risk
06 December 2011 Oil markets fell today as ratings agency Standard & Poor's issued a warning that it will downgrade eurozone countries, prompting concerns that the region's debt crisis will not be...

Oil prices rise over Iran supply risk
05 December 2011 Oil markets rose today as growing tensions between Iran and the West heightened the risk of disruptions to crude shipments by Iran, the world's fifth-largest oil...

Bass Strait wins Gippsland basin exploration permit
05 December 2011 Australia-based Bass Strait Oil Company has been granted a new five-year term for exploration permit Vic/P41 in the Gippsland Basin, offshore the state of...

ONGC to invest in India’s B-127 oilfield
05 December 2011 India's Oil and Natural Gas Corp ( ONGC) is planning to invest INR2060 crore ($402m) in the B-127 oil and gas field in the western...

Diamond unit wins Guyana drilling contract
02 December 2011 A Diamond Offshore Drilling subsidiary has received a drill rig contract from Canada-based oil exploration company CGX...

Oil rises on positive US economic data
02 December 2011 Oil prices rose this morning on hopes of a sustained recovery in the world's top oil consumer US; however, the gain was capped by fears of the eurozone debt crisis spreading...

Rolls-Royce wins Petrobras contracts offshore Brazil
02 December 2011 UK-based power systems provider Rolls-Royce has been awarded $651m of new contracts by Petrobras to support its production activities offshore...

Noble Energy partners to evaluate Israeli floating LNG facility
02 December 2011 Noble Energy and partners have entered a heads of agreement with Daewoo Shipbuilding & Marine Engineering and D&H Solutions to evaluate a floating LNG facility for the export of natural gas...

Expro to provide subsea monitoring equipment for Causeway oilfield
01 December 2011 UK-based oilfield services company Expro International Group has won a contract to provide subsea monitoring equipment for use at the Causeway oilfield in the North Sea for operator...

Oil prices rise as European debt woes continue
01 December 2011 Brent crude futures rose by 43¢ to stand at $110.95 this morning for the third consecutive day over Europe's debt...

Eni acquires 32.5% stake in natural gas field offshore Australia
01 December 2011 Eni has bought a 32.5% stake in the Evans Shoal gas field, which lies in the Timor Sea, offshore Australia, from Santos for...

Punj Lloyd wins ONGC pipeline contract offshore India
01 December 2011 The Punj Lloyd Group has won an engineering, procurement and construction contract from India-based energy firm Oil and Natural Gas Corporation (ONGC) for an offshore project in the Bombay...

November 2011

Top

Lundin Petroleum drills third Avaldsnes appraisal well
30 November 2011 Lundin Petroleum has started drilling its third appraisal well, 16/5-2S, on the Avaldsnes discovery on the Norwegian Continental...

Anadarko expands offshore Mozambique natural gas estimates
30 November 2011 US oil and gas explorer Anadarko Petroleum has expanded its recoverable natural gas estimate for the Barquentine-3 appraisal well, offshore...

Amec wins Centrica gas contract for East Irish Sea
30 November 2011 Australia-based engineering and project management company Amec has won a £75m contract from Centrica Energy Upstream to support its operations in the East Irish...

Oil markets hit by Middle East tension
30 November 2011 Oil prices fell today as investor concerns about the escalating tension between Iran and the West...

Technip wins engineering services contract for Statoil Valemon field
29 November 2011 France-based Technip has won an engineering services contract to carry out work at Statoil's Valemon gas and condensate field, which lies in the Norwegian North...

Brent crude rises on Iran, Syria supply concerns
29 November 2011 Brent crude gained 40¢ to stand at $109.40 this morning, its single biggest rise in a month after initial losses were triggered by concerns about supply shortages from Iran and...

GPC closes Galoc oilfield for FPSO upgrade
29 November 2011 Galoc Production Company (GPC) has shut down production at the Galoc oilfield, offshore Palawan, Philippines, to upgrade a floating production, offloading and storage (FPSO)...

Subsea 7 wins Atla field SURF contract
29 November 2011 Total E&P Norge has awarded Subsea 7 a $75m subsea, umbilicals, risers and flowlines (SURF) contract for the Atla Field in the North...

Statoil to develop Vilje South field
28 November 2011 Statoil and its partners have unveiled plans to develop the Vilje South field in the Norwegian North...

Dong Energy to complete drilling at Goliat field
28 November 2011 Danish utility Dong Energy is to complete the drilling of dry well 7121/9-1, which lies 20km west of the Goliat field in the south-west Barents...

Bowleven discovers hydrocarbons at Sapele-3 well
28 November 2011 West Africa oil and gas explorer Bowleven has discovered 8m of net hydrocarbon pay at the Sapele-3 well on block MLHP-5 in the Douala Basin, offshore...

Oil prices rise on IMF eurozone aid
28 November 2011 Oil markets were boosted this morning by investor optimism that Italy may get financial help from the International Monetary Fund...

Premier Oil abandons Norwegian well
25 November 2011 Oil and gas company Premier Oil has plugged and abandoned the Gardrofa well in PL 406, offshore Norway, as a dry...

Yemen rejects Nexan's PSA Masila extension
25 November 2011 The Government of Yemen has rejected Canada-based Nexan's application to extend its production sharing agreement (PSA) on block 14 (Masila), which will expire on 17 December...

Lundin Petroleum begins drilling offshore Congo exploration well
25 November 2011 Swedish oil and gas firm Lundin Petroleum has begun drilling exploration well Makouala Marine-1, which is located offshore Congo in the Marine XIV...

Oil markets slip over eurozone debt crisis
25 November 2011 Oil prices fell this morning as new fears arose over the eurozone debt crisis, which is threatening the stability of the...

Oceaneering subsidiary to purchase AGR service unit
24 November 2011 A subsidiary of Oceaneering International is to buy AGR Field Operations (FO) from AGR Group and FieldCo Invest for...

Mediterranean Oil & Gas daily production quadruples
24 November 2011 Mediterranean Oil & Gas's daily production has quadrupled from 40,000m³ to 160,000m³, following the start of gas production at its Guendalina gas field, offshore...

Inpex subsidiaries to acquire Babar Selaru stake
24 November 2011 Inpex Corporation subsidiaries INPEX Banda and Japan Oil, Gas and Metals National Corporation have received approval from the Indonesian Government to buy a 100% stake in the Babar Selaru...

Winter demand supports oil prices
24 November 2011 Oil prices rose this morning as hopes for strong fuel demand during the coming winter lifted prices....

BP wins two contracts for Indonesia projects
23 November 2011 The Government of Indonesia has awarded BP two oil and gas production sharing contracts...

Eni secures two Indonesian PSCs
23 November 2011 Eni Indonesia has won two new production sharing contracts (PSCs) in...

Oil falls over weak factory activity in China
23 November 2011 Oil prices fell today as weakening manufacturing activity in China heightened concerns that the eurozone debt crisis is spreading...

TNK-BP unit to drill offshore Vietnam gas field
23 November 2011 TNK Vietnam, a subsidiary of TNK-BP Group, will begin drilling two subsea wells in the Lan Do field, offshore Vietnam, next...

Tullow Oil sells offshore Suriname stake to Statoil
22 November 2011 UK-based oil explorer Tullow Oil has sold a 30% stake in a deepwater block, offshore Suriname, to Norway's Statoil for an undisclosed...

Oil markets rise over new Iran sanctions
22 November 2011 Oil prices increased today as the US, the UK and Canada levied new sanctions on Iran's energy and financial sectors in a bid to stop its nuclear...

Providence Resources begins drilling offshore Ireland well
22 November 2011 Irish oil and gas firm Providence Resources has begun drilling operations on the 48/24-J Barryroe appraisal well in the North Celtic Sea, offshore...

Plexus and partners to develop subsea wellhead system
22 November 2011 Oil and gas engineering services provider Plexus Holdings, in partnership with four major oil and gas companies, has signed a contract to develop and commercialise a new and safer subsea...

Chevron continues Frade oil spill clean-up
21 November 2011 Chevron Brasil Upstream Frade, in partnership with Brazilian Government agencies, will continue to work to contain the oil spill on its Frade field, offshore...

Seadrill secures Asia contract extension for West Aquarius
21 November 2011 Offshore deepwater drilling company Seadrill has won a new contract extension from ExxonMobil for the ultra-deepwater, semi-submersible rig West...

UK oil & gas industry remains cautious
21 November 2011 The UK oil and gas industry maintained its cautious outlook over the last two quarters of 2011 after the latest business confidence index fell to 53 in the third quarter (Q3) this year,...

Hamworthy to supply IGG package for HHI FPSO project
21 November 2011 Hamworthy has secured a contract from South Korea's Hyundai Heavy Industries to supply its inert gas generator (IGG) package for the QUAD 204 FPSO...

Oil markets hit by fears of Middle East output delays
21 November 2011 Oil prices dropped today over investor concerns that oil supplies from the Middle East would be disrupted as demand for fuel...

Oil markets rise as Europe's debt crisis worsens
18 November 2011 Oil prices rose this morning as the continent tries to contain its worsening debt situation from spreading...

Maersk signs rig charter contract with Lundin Norway
18 November 2011 Denmark-based Maersk Drilling has entered a drilling rig charter contract with Lundin Norway for its rig Maersk Guardian, which will be deployed in the Norwegian sector of the North...

Statoil, Chevron, Repsol win Canadian exploration rights
18 November 2011 Statoil, Chevron Canada and Repsol E&P Canada have been awarded exploration rights in two areas of the Flemish Pass Basin, offshore Newfoundland and Labrador,...

Technip launches new offshore company in the US
18 November 2011 France-based Technip has formed a new and enhanced consultancy, subsea and offshore engineering services company,...

Wood Group secures $500m Talisman Energy contract
17 November 2011 Energy services company Wood Group has received a £500m contract from Canada's Talisman Energy to provide operations and maintenance services for its offshore assets in Orkney,...

AWE to drill Indonesian well
17 November 2011 Australian oil and gas exploration and production company AWE has commissioned a rig to drill the Atlas-1 well on the Titan production sharing contract (PSC) in the East Java Basin,...

Dolphin Geophysical to carry out Spectrum Brazilian survey
17 November 2011 Norwegian seismic contractor Dolphin Geophysical will begin a 2D multi-client survey, offshore Brazil, for Spectrum this...

Oil prices slip as Euro debt crisis continues
17 November 2011 Oil markets fell this morning as the French and German governments discussed the European Central Bank's role in curtailing the worsening debt-crisis in...

Hyperdynamics begins offshore Guinea 3D seismic programme
16 November 2011 Oil and gas firm Hyperdynamics Corporation has begun a deepwater 3D seismic survey programme off the coast of the Republic of...

Technip secures Brynhild subsea contract
16 November 2011 France-based Technip has secured a contract worth €100m from Swedish firm Lundin Petroleum to carry out subsea work on the Brynhild development in the Norwegian North...

Ensco signs rig charter contract with Nexen
16 November 2011 Ensco has entered a $120m charter contract for an ultra-premium harsh environment jack-up rig with Nexen...

Oil prices fall on eurozone contagion fears
16 November 2011 Brent crude slipped by 57¢ to stand at $112 this morning on worries that Greece and Italy's new governments may fail to impose reforms on the region's debt...

Petronas, Shell sign agreement for Malaysian oil recovery projects
15 November 2011 Anglo-Dutch major Shell has signed a heads of agreement with state-run Petronas for two 30-year production sharing contracts for enhanced oil recovery projects, offshore...

Teekay Offshore to acquire Piranema FPSO units
15 November 2011 Teekay Offshore is to buy a floating, production, storage and offloading (FPSO) unit from Norway's Sevan Marine for...

Brent rises as Europe’s debt woes cap gains
15 November 2011 Brent crude rose by 28¢ to stand at $112.17 a barrel today, as Europe's economic problems increased fears of a renewed recession, thereby capping...

Lundin gets approval for Brynhild field
15 November 2011 Swedish oil and gas company Lundin Petroleum has secured approval from the Norwegian Ministry of Petroleum and Energy to develop and operate the Brynhild field in the Norwegian North...

Positive global economy boosts oil markets
14 November 2011 Oil prices rose this morning following the formation of new Italian and Greek governments, thereby easing Europe's debt concerns and improving the global economic...

BP discovers gas in Brazilian deepwater well
14 November 2011 BP has encountered elevated gas play in the Itaipu-2 pre-salt appraisal well, located in the deepwater sector of the Campos Basin, offshore...

Tap Oil starts drilling Hannah-1 well
14 November 2011 Tap Oil has started drilling the offshore Hannah-1 commitment well in the Carnarvon Basin, Western...

BP completes Eastern Azeri technical operations
14 November 2011 BP has launched the Eastern Azeri platform, offshore Azerbaijan, after activities were stopped in order to carry out maintenance...

Niko signs drill rig charter contract
11 November 2011 Niko Resources has signed a four-year charter contract with a subsidiary of Diamond Offshore, a deepwater drilling...

Cairn Energy to continue drilling operations offshore Greenland
11 November 2011 Cairn Energy said it will continue drilling operations on its five-well exploration campaign offshore Greenland until the end of November....

ITC Global acquires Broadpoint's satellite division
11 November 2011 Satellite communications services provider ITC Global (ITC) has completed the acquisition of Broadpoint's satellite operations for an undisclosed sum....

Brent crude stands above $113
11 November 2011 Brent crude slipped by 14 cents a barrel to stand at $113.57 today as investors remained concerned over Europe's debt...

Total E&P Nigeria makes new oil discovery in Nigeria
10 November 2011 Total E&P Nigeria has made a new oil discovery in the Etisong North-1 well, which is located in mining lease OML 102, 65km off the south-east coast of...

Kreuz secures fifth Swiber offshore contract
10 November 2011 Singapore-based subsea service provider Kreuz has been awarded its fifth contract from Swiber worth $57.5m....

Technip wins extension of Statoil pipeline repair contract
10 November 2011 Technip has received a two-year extension from Statoil for its pipeline repair system pool services contract....

Oil markets hit by European debt crisis
10 November 2011 Oil prices fell today as increasing concerns about the debt crisis in Italy overshadowed signs of positive oil demand from...

Oil markets gain over positive China inflation data
09 November 2011 Oil prices rose this morning as lower inflationary pressure in China allowed the government to ease monetary policy and spur demand to allay fears of a slowdown in the world's second-largest...

BP’s $7bn deal to sell PAE stake collapses
09 November 2011 A proposed $7bn deal by BP to sell its 60% stake in South America's Pan American Energy (PAE) has collapsed because of legal...

Maersk Drilling to provide Total jack-up rig
09 November 2011 Denmark-based Maersk Drilling has received a charter contract from French oil and gas firm Total for an ultra-harsh environment jack-up...

Beach launches Adelaide Energy cash takeover
09 November 2011 Australia-based oil and gas exploration company Beach Energy has launched a A$94m ($97.4m) takeover bid for Adelaide...

Statoil increases ownership in Snøhvit unit
08 November 2011 Norwegian oil firm Statoil has entered an agreement to acquire Hess's 3.26% interest in the Snøhvit Unit, the Hammerfest LNG plant at Melkøya and adjacent production licences in the Barents...

Technip in negotiations to acquire shares in Cybernetix
08 November 2011 France-based Technip has entered negotiations with shareholders to acquire all of their shares in Cybernetix, representing 45.7% of the share...

Nexans secures power umbilical contract for Chevron project
08 November 2011 Nexans has been awarded a contract from Chevron USA to provide power umbilical equipment for its Jack and St Malo fields in the Gulf of...

Oil markets slip over Italy's sovereign debt
08 November 2011 Oil prices fell today as new fears arose over Italy's sovereign debt crisis, which is threatening eurozone...

RWE to explore additional crude oil reserves offshore Germany
07 November 2011 RWE Dea has indicated the presence of additional crude oil deposits near the Mittelplate oilfield along the coast of Lower Saxony, offshore Cuxhaven in Germany....

Mellitah restarts Sabratha gas production
07 November 2011 Mellitah Oil & Gas has restarted gas production from the Sabratha platform, offshore...

Brent rises as winter demand supports prices
07 November 2011 Brent crude rose above $113 gaining $1.04 for the third consecutive time as hopes for global oil demand during winter overshadowed the European debt crisis....

Hallin Marine starts offshore Indonesia subsea operations
07 November 2011 Hallin Marine will begin a new inspection, repair and maintenance project offshore north-west Java,...

BMT to provide tow simulation services for Chevron
04 November 2011 Heereema Marine Contractors Nederland has awarded a contract to BMT Fluid Mechanics in partnership with BMT ARGOSS to provide tow simulation...

Oil prices rise as Greece withdraws from ECB referendum
04 November 2011 Oil markets were boosted today as Greece refrained from a European Central Bank referendum and rate cut, raising hopes that the European debt crisis may...

Romar wins equipment services contract from Shell
04 November 2011 Scotland-based oilfield service company Romar International has secured a contract from Shell to provide swarf-handling equipment and...

Exillon Energy tests oil in EWS I field
04 November 2011 UK-based Exillon Energy has confirmed 17.1m of net oil pay in well EWS I-18 in west...

Oil markets slip over global economic outlook
03 November 2011 Oil prices fell this morning due to concerns about global oil demand in light of the worsening economic outlook in Europe and the...

Ophir Energy confirms Equatorial Guinea PSC expansion
03 November 2011 Ophir Energy's production sharing contract for block R in Equatorial Guinea has been amended and expanded by 46% to incorporate 773km2 of additional...

Lamprell secures $200m Nexen construction contracts
03 November 2011 Engineering services provider Lamprell has been awarded two construction contracts worth $200m from Nexen Petroleum UK for the Golden Eagle Development in the UK North...

Lundin encounters dry well offshore Congo
03 November 2011 Swedish oil and gas company Lundin Petroleum has encountered a dry well in block Marine XI Congo, offshore...

Tullow inks new PSC offshore Mauritania
02 November 2011 UK-based Tullow Oil has signed a new production sharing contract (PSC) through arrangements agreed with its joint venture partners and the Government of...

GDF SUEZ subsidiary starts gas production offshore of the Netherlands
02 November 2011 GDF SUEZ E&P Nederland has started gas production from the G16a-C gas field, offshore of the Netherlands, using a new production...

Ndovu Resources secures PSA offshore Tanzania
02 November 2011 UK oil explorer Aminex subsidiary Ndovu Resources has secured a new production sharing agreement (PSA) with the Tanzanian Minister of Energy & Minerals covering 1,690km2 in the Nyuni...

Oil markets decline for fourth consecutive day
02 November 2011 Oil markets declined for the fourth day in a row as doubts resurfaced on the Euro zone's rescue plan and concerns over China's slow factory output...

EMAS AMC wins BP subsea construction contract
01 November 2011 EMAS AMC has received a contract from BP Exploration & Production to perform subsea work in the Atlantis field, which is located in Green Canyon block 743 in the Gulf of...

Oil prices hit by MF Global collapse
01 November 2011 Oil prices fell for the third consecutive day over the collapse of financial derivatives broker MF Global Holdings, which increased concerns about the eurozone...

Santos sells stake in Evans Shoal prospect
01 November 2011 Santos will sell its entire working interest of the Evans Shoal natural gas field (NT/P48) in the Bonaparte basin, offshore Australia, for...

Chevron encounters natural gas offshore Australia
01 November 2011 Chevron Australia has discovered natural gas pays at the Acme-1 and Acme-2 exploration wells in the Carnarvon Basin, offshore Western...

October 2011

Top

Oil slips as Dollar strengthens
31 October 2011 Oil prices fell as the Dollar strengthened amid continuing concerns over the Eurozone's debt crisis ahead of the G20 meeting later this...

Tap triples oil reserves in Manora field off Thailand
31 October 2011 Australia-based Tap Oil has more than tripled its proven and probable reserves from the Manora field in concession G1/48, offshore Thailand....

Archer signs agreement with Shell for contract extension in North Sea
31 October 2011 Global oil service company Archer has signed an agreement with Shell UK to continue providing drilling, maintenance and engineering services on the Nelson platform and four additional platforms...

Eni encounters 50% more gas at Mozambique prospect
31 October 2011 Italy-based oil company Eni has confirmed that the discovery of gas in the exploratory prospectus of Mamba South 1, Area 4 offshore Mozambique is about 50% larger than what was announced by...

Cal Dive secures pipeline installation contract
28 October 2011 Offshore marine service provider Cal Dive International has secured a $27m contract from Pemex Exploración y Producción for the installation of an 8in subsea...

US crude to post biggest weekly gain since February
28 October 2011 US crude slipped 57¢ to stand at $93.39 this morning, but is heading for a 7% weekly rise, its biggest weekly gain since February 2011, spurred by a 2.5% rise in the US economy during the...

Doris selects Intergraph to design FPSO projects
28 October 2011 Brazil-based Doris Engenharia has selected software service provider Intergraph to design the topsides of eight floating, production, storage and offloading (FPSO) vessels for global energy...

Oil gains over Euro debt pact
27 October 2011 Oil prices rose by nearly $2 today as eurozone leaders made a pact with private banks and insurers to cut Greek debts by...

Vulcan SFM delivers casting contract for North Sea gas field
27 October 2011 Vulcan SFM has delivered the final 100t cast-node to Dutch company Heerema for installation on the Valemon gas and condensate field, offshore...

Hess to develop oil and gas project in Gulf of Mexico
27 October 2011 US-based oil and gas firm Hess Corporation is to develop Tubular Bells, a deepwater oil and gas project in the Gulf of...

Maersk secures rig charter contract with BP
27 October 2011 Denmark-based Maersk Drilling has entered an agreement with UK-based global oil and gas company BP to charter an ultra deepwater semi-submersible rig for...

Oil prices rise ahead of EU summit
26 October 2011 Although an EU summit will go ahead today, analysts remain pessimistic that a deal will resolve the eurozone debt...

Premier starts gas production from Gajah Baru field
26 October 2011 UK-based Premier Oil has started gas production from the Gajah Baru field in Natuna Sea block A, offshore...

BP discovers gas in North El Burg concession
26 October 2011 BP Egypt has made a third discovery at Salmon in the North El Burg offshore concession of the Nile Delta,...

FMC Technologies to supply subsea systems for Pemex projects
26 October 2011 FMC Technologies has entered an agreement with Pemex Exploration and Production to supply subsea equipment for Pemex's drilling and well maintenance programmes in the Gulf of...

Statoil confirms additional volumes in Aldous Major South discovery
25 October 2011 Norwegian oil firm Statoil has confirmed the presence of significant additional volumes in its appraisal of well 16/2-10 in the Aldous Major South discovery in the North...

TSC Group secures offshore equipment contracts
25 October 2011 TSC Group has secured offshore equipment contracts worth $10m from several clients including Maersk, Transocean, Tidewater Marine and...

Well Ops tests well capping device in the UK
25 October 2011 Scotland-based Helix Well Ops UK (Well Ops) has tested the deployment of a well capping device at a site in block 206/4, 75km north-west of...

Improved earnings boost US crude for third day
25 October 2011 US crude rose by 12¢ to stand at $85.29 a barrel, the third consecutive rise this week, boosted by improved company...

Oil prices rise on Europe’s debt plan
24 October 2011 Oil prices rose this morning over investor optimism that European leaders may reach a deal to tackle the eurozone debt...

Eni discovers gas at Mamba South offshore Mozambique
24 October 2011 Italy-based oil company Eni has made a gas discovery at the Mamba South 1 discovery well, offshore...

North Sea drilling activity rises 45%
24 October 2011 Offshore drilling in the North Sea rose by 45% from the second to the third quarter of 2011, but overall activity is falling, according to new figures released by...

Providence Resources to begin offshore Ireland drilling operations
24 October 2011 Irish oil and gas firm Providence Resources is to begin drilling operations on the 48/24-J Barryroe appraisal well in the north Celtic Sea, offshore Ireland, next...

Belize assigns Blue Creek interest to New World Oil and Gas
21 October 2011 The Belize Ministry of Natural Resources and the Environment has approved the assignment of an initial 12.5% working interest in the Blue Creek project, which is located in the Petén Basin, to...

Oil prices steady ahead of eurozone debt crisis summit
21 October 2011 Brent crude prices held steady this morning on optimism that policymakers would move closer to resolving the eurozone debt crisis at a meeting to be held this weekend and stem any slowdown in...

Petrel awarded two Irish offshore blocks
21 October 2011 Petrel Resources has been awarded two licensing options in the Porcupine Basin, offshore...

Clough Amec wins Bayu Undan maintenance services contract
21 October 2011 Clough Amec has been awarded a new contract by ConocoPhillips to provide offshore maintenance services to the Bayu Undan facilities located in the Timor...

Aurelian discovers gas in Krzesinki-1 exploration well
20 October 2011 Aurelian Oil & Gas has discovered gas at the Krzesinki-1 exploration well in block 207, offshore...

Europe’s debt plan hits oil markets
20 October 2011 Brent crude futures fell by 47¢ to stand at $107.92 a barrel this morning on concerns that Europe's failure to curtail the region's debt crisis could affect oil...

Lundin confirms extension of Aldous Major South appraisal well
20 October 2011 Swedish oil and gas company Lundin Petroleum has confirmed the northern extension of the Aldous Major South discovery, which is located in the Norwegian North...

Atwood Oceanics subsidiary wins Hess charter contract
20 October 2011 A subsidiary of Atwood Oceanics has received a charter contract for a drilling unit from Hess...

Anadarko to pay $4bn to settle oil spill claims with BP
19 October 2011 BP has reached a $4bn agreement to settle all of its current and future claims against its former partner Anadarko in association with the Deepwater Horizon oil spill, which took place...

Oil prices rise after Moody’s cuts Spain's debt rating
19 October 2011 Oil prices increased this morning after credit rating agency Moody's cut Spain's sovereign ratings by two points on the back of concerns about demand...

Bengal Energy spuds Kingtree exploration well offshore Australia
19 October 2011 Canada-based oil firm Bengal Energy has begun drilling operations at the Kingtree exploration well, which is located in the AC/P 24 permit, offshore...

PA Resources discovers oil at Lille John prospect
19 October 2011 Oil and gas firm PA Resources has discovered oil at the Lille John prospect in licence 12/06 in...

Ratio, Isramco discover gas offshore Israel
18 October 2011 Ratio Oil Exploration and Isramco Negev 2 have discovered natural gas in their Or 1 well in the Med Yavne prospect, offshore...

Bowleven encounters oil at Cameroon prospect
18 October 2011 Bowleven has encountered oil at the Sapele-3 appraisal well on block MLHP-5 l in the Doula basin, offshore...

Oil steadies as industry awaits European debt crisis solution
18 October 2011 Oil prices rose slightly today as the industry awaits Germany's statement that Europe's solution to its debt crisis may not come fast enough, which analysts fear will have a downward impact on...

Leighton Offshore to develop platforms for Iraqi crude oil project
18 October 2011 Leighton Offshore has been awarded a crude oil contract by Iraq's South Oil Company to develop two offshore...

Total discovers oil and gas reserves at Norne field
17 October 2011 French oil and gas firm Total E&P Norge has discovered proven reserves of gas and oil at a wildcat well, west of the Norne field, offshore...

Aker Solutions wins $27m equipment supply contract
17 October 2011 Aker Solutions has secured contracts worth Nkr150m ($26.56m) from several major South Korean shipyards to supply Pusnes offshore loading...

Bredero Shaw secures pipeline coating contract for Wheatstone project
17 October 2011 Bredero Shaw has received a contract to provide pipeline coatings and related products and services for the Chevron-operated Wheatstone project in...

Oil prices rise over eurozone debt plan
17 October 2011 Oil prices rose this morning over investor optimism that policymakers may reach a deal to tackle the eurozone debt crisis, which could lead to a decline in oil demand...

Oil prices rise on China’s cooling inflation
14 October 2011 Oil markets rose this morning over expectations that China may loosen its credit policy as its inflation cools, which could lead to a rise in fuel demand in the world's second largest oil...

Statoil to plug Sleipner Vest dry well
14 October 2011 Statoil Petroleum will plug and permanently abandon wildcat well 15/8-2, which was drilled 8km west of the Sleipner Vest field in the North...

Swiber secures $102m EPIC orders for South East Asia
14 October 2011 Swiber has secured two engineering, procurement, installation and commissioning contracts worth £102m for offshore construction projects in South East...

ONGC Videsh to acquire Kazakhstan oil block stake
14 October 2011 ONGC Videsh is to acquire a 25% stake in the Satpayev offshore exploration block in Kazakhstan for an undisclosed...

Sinopec acquires stake in Chevron’s Indonesian deepwater project
13 October 2011 Sinopec International Petroleum Exploration and Production Corporation has acquired an 18% stake in Chevron's deepwater project in Indonesia for $680m....

Inpex starts production from Kitan oilfield
13 October 2011 Inpex Timor Sea has started crude oil production from the Kitan oilfield, offshore Australia....

China to launch nationwide inspection of offshore oil businesses
13 October 2011 The Chinese Government is to launch a nationwide campaign to inspect the country's offshore petroleum drilling and exploration businesses....

Oil markets slip on China’s declining crude imports
13 October 2011 Oil prices fell this morning as crude oil imports dropped in the world's second-largest oil consumer China....

Santos begins oil production at Vietnamese field
12 October 2011 Australian oil and gas exploration firm Santos has begun oil production from six wells at its Chim Sao field, offshore southern...

Technip subsidiary to supply umbilical systems to Shell Offshore fields
12 October 2011 France-based Technip's wholly owned subsidiary Duco has secured two contracts from Shell Offshore to supply umbilical...

Oil prices fall on OPEC target and euro bailout snag
12 October 2011 Oil markets fell today after OPEC cut its global oil demand forecast and a plan to expand the eurozone rescue fund was not favoured by Slovakia....

TGS to acquire new 3D seismic survey off Australia
12 October 2011 Norway-based TGS-NOPEC Geophysical Company is to acquire a new 9,700km, multi-client 3D seismic survey, offshore north-west...

Sinopec to buy Daylight Energy for $2.1bn
11 October 2011 Sinopec International Petroleum Exploration and Production Corp, an international unit of China Petrochemical Corp, will purchase Canadian oil and gas explorer Daylight Energy for C$2.2bn...

Pancontinental completes Kenyan licence farmout
11 October 2011 Pancontinental Oil & Gas has completed a farmout of part of its interest in Kenyan licence L8 to Tullow Kenya, a wholly owned subsidiary of Tullow...

Oil prices fall on European debt plan and Kuwait strike
11 October 2011 Oil prices fell this morning over investor optimism about averting Europe's debt crisis and a strike in OPEC member...

Providence completes offshore Ireland 3D seismic survey
11 October 2011 Providence Resources has completed a 3D seismic survey of the Dragon gas discovery in St George's Channel Basin, offshore...

Exxon Mobil to sell 25% stake in Brazilian oil prospect
10 October 2011 ExxonMobil is to sell a 25% stake in an offshore Brazilian oil...

Oil markets firm on eurozone debt moves
10 October 2011 Oil prices rose this morning after US data alleviated fears of a renewed recession and Europe moved closer to resolving its debt...

Dominion to farm out working interest offshore Tanzania
10 October 2011 Dominion Petroleum has signed an agreement to farm out a 20% working interest in block 7, offshore Tanzania, to a subsidiary of Mubadala Oil &...

Cove Energy completes Kenyan offshore farm-in deal
10 October 2011 Cove Energy Kenya and partner Anadarko Kenya have completed a farm-in deal, whereby Total E&P Kenya will acquire a 30% interest in five contiguous deepwater blocks located offshore...

Eni to explore North Ganal block
07 October 2011 Eni is to explore the North Ganal block in Kutei Basin, offshore East Kalimantan, Indonesia, in consortium with Niko Resources, Black Platinum Energy, Statoil and GDF...

Target Energy discovers oil at Fairway in Texas
07 October 2011 Target Energy has discovered oil in its first well at the Fairway Project in Howard County in Texas, US....

Oil markets fall on ECB liquidity measures
07 October 2011 Oil prices fell today over the European Central Bank's liquidity measures in favour of recapitalising...

Ensco awarded contract to drill Australian prospect
07 October 2011 UK-based Ensco Australia has secured a charter contract to provide a drill rig for Enri's Heron-3 drilling campaign in NT/P68 in the Bonaparte Basin, offshore Northern Territory,...

Premier Oil to buy Encore Oil for $340m
06 October 2011 UK oil producer Premier Oil has launched a bid to acquire Encore Oil for...

Oil prices fall on stocks decline
06 October 2011 US crude slipped by 16¢ to stand at $79.52 a barrel as crude stocks fell to 336.28 million barrels, their lowest level since January...

OGX discovers gas condensate on Brazil’s Santos Basin
06 October 2011 The OGX Petroleo e Gas Participacoes drill-stem test has confirmed the presence of gas condensate in the BM-S-59 block on the Santos Basin shelf, offshore...

Dresser-Rand wins supply equipment contract
06 October 2011 Dresser-Rand Group has secured a $700m contract from Tupi and Guara to supply compression equipment and services....

White Rose Energy to drill Equatorial Guinea prospect
05 October 2011 Oil firm White Rose Energy will drill an exploration well next year at block H in Equatorial Guinea following its farm-in agreement with PA...

Oil prices boosted by Federal Reserve stimulus promise
05 October 2011 Oil markets rose this morning after the US Federal Reserve promised to launch new stimulus measures, easing concerns about damage to the US economy from a possible Greek...

Amec secures FEED contract for North Sea gas field
05 October 2011 UK oil services firm Amec has won a front end engineering design (FEED) contract from GDF Suez E&P UK for the development of the Cygnus field in the Southern North...

Exoma Energy spuds Prairie-1 well in Australia
05 October 2011 Exoma Energy has spudded its sixth well, Prairie-1, during its exploration campaign in Queensland,...

Cairn Lanka discovers gas in Mannar Basin off Sri Lanka
04 October 2011 Cairn Lanka has encountered natural gas in the CLPL-Dorado-91H/1z well in the Mannar Basin, offshore Sri...

Anglo Canadian to begin completion operations at Canadian well
04 October 2011 Completion operations are expected to begin this week at the 8-3-67-26 W5 Anglo Canadian Oil-owned Ante Creek well in Alberta,...

Apache to develop Balnaves oilfield, offshore Australia
04 October 2011 Oil and gas firm Apache Julimar is to develop the $438m Balnaves oilfield located in production licence WA-49-L, offshore Western...

Oil markets hit by Greek debt fears
04 October 2011 Oil prices fell this morning on growing anxiety that the Greek debt default will lead to a global...

Canacol discovers oil at Colombian prospect
03 October 2011 Canada-based Canacol Energy has encountered 130ft of net oil pay at its Rancho Hermoso 11 well in the Llanos Basin of...

Aker Solutions wins Hild field engineering contract
03 October 2011 Aker Solutions has secured a Nkr215m ($37m) contract to carry out basic engineering services for the development of Total's Hild field in the Norwegian North...

Lankhorst Ropes wins supply contract for Goliat FPSO
03 October 2011 Offshore rope manufacturer Lankhorst Ropes has secured a contract from Eni Norge to supply polyester rope mooring lines for the Goliat floating production storage and offloading (FPSO)...

September 2011

Top

Statoil submits Skuld field development plan
30 September 2011 Norwegian oil company Statoil and its partners have submitted a Nkr10bn ($1.73bn) plan for the development and operation of its Skuld field on the Halten Bank to Norway's federal...

Noble Energy reshuffles rigs offshore Israel
30 September 2011 Noble Energy has revealed its revised drilling plans for the deepwater rigs it has under contract in the Eastern Mediterranean, offshore...

Brent crude tipped for quarterly setback
30 September 2011 ICE Brent for November gained 42¢ to stand at $104.37 a barrel this morning, but is set for the biggest quarterly drop in 15 months, because of fears that the slowing global economy will...

Carrizo Oil sells Eagle Ford Shale assets for $95m
30 September 2011 A wholly owned subsidiary of GAIL (India) has acquired 20% of its Carrizo Oil & Gas interests in 20,200 net mineral acres of the Eagle Ford Shale area in Texas, US, for...

Antech unveils new product portfolio
29 September 2011 UK-based manufacturing company Antech has launched its newly expanded Wellhead Outlet range for the offshore...

Oil prices rise on weak dollar, eurozone concerns
29 September 2011 Oil prices increased this morning as the dollar weakened and doubts remain about the eurozone rescue...

TGS extends 2D seismic data survey offshore Indonesia
29 September 2011 TGS has begun a 1,500km 2D seismic survey north of the Sunrise-Troubadour gas fields and to the west of the Abadi gas field, offshore...

Lundin Petroleum begins drilling Aldous Major South well
29 September 2011 Lundin Petroleum has started drilling the 16/2-10 appraisal well on the Espevær / Aldous Major South structure, offshore...

Lundin Petroleum’s second Avaldsnes well sidetrack encounters oil
28 September 2011 Swedish-based Lundin Petroleum has encountered 25 metres of oil at the second appraisal well located in Avaldsnes field on the Norwegian Continental...

Oil markets fall as dollar strengthens
28 September 2011 Oil prices fell this morning as the dollar strengthened amid continuing concerns over the eurozone's debt...

Breitling completes drilling Texas well prospect
28 September 2011 Breitling Oil and Gas has completed drilling operations at the Breitling-Buffalo Run #1H well in Hemphill County in the Texas Panhandle,...

HRT joint venture acquires four drilling rigs in Brazil
28 September 2011 HRT Participações em Petróleo has acquired four heli-transportable drilling rigs for the exploratory campaign in the Solimões Sedimentary Basin in...

PTTEP discovers more gas at Australian prospect
27 September 2011 Thailand-based PTT Exploration & Production has discovered more natural gas in the AC/RL7 block, which is located 700km west of Darwin, Australia, in the Timor...

Providence Resources to begin drilling Irish prospect
27 September 2011 Providence Resources has applied for a Standard Exploration Licence for the Dalkey Island prospect in the Kish Bank Basin by committing to a future work programme, which includes the drilling...

Lucas Energy completes Rainey well drilling
27 September 2011 Oil and gas firm Lucas Energy has completed drilling of the Rainey Unit No.1H well in Gonzales County in the US state of Texas....

Oil prices rise as dollar weakens
27 September 2011 Oil prices rose this morning today as the dollar weakened and Europe's debt crisis eased...

Global recession fears spark fall in oil prices
26 September 2011 Concerns about a renewed global recession led a sell-off across commodities markets...

PetroNeft discovers new oilfield in Russia
26 September 2011 Oil and gas exploration company PetroNeft Resources has discovered a new oilfield in licence 61 at North Varyakhskaya,...

GE to supply drill equipment for Brazilian oilfields
26 September 2011 GE Oil & Gas has secured a $230m contract from OGX Petroleo e Gas to supply drilling and production equipment for four years....

BNK Petroleum wins new oil and gas concession in Spain
26 September 2011 BNK Petroleum subsidiary Trofagas Hidrocarburos has secured an oil and gas concession in the Cantabrian basin of Spain....

Teledyne wins subsea interconnect system contract for Brazilian project
23 September 2011 Teledyne Oil & Gas group has won a contract from Cameron do Brasil to design and deliver a subsea high-power electrical interconnect system for a deepwater oilfield in...

FMC awarded $135m BG Norge subsea equipment supply contract
23 September 2011 FMC Technologies has secured a contract worth $135m from BG Norge to manufacture and supply subsea production equipment to support the Knarr oil and gas field, offshore...

GE to supply equipment for Shell Prelude FLNG project
23 September 2011 GE Oil & Gas has received a contract from Technip to supply two steam turbine-driven compressors for the Shell Prelude floating liquefied natural gas (FLNG) project to be commissioned 200km...

Brent crude prices rise following slide
23 September 2011 Brent crude rose by 51¢ to stand at $106 a barrel today as investors stocked up following yesterday's drop, reports Reuters. ...

Lundin plugs dry well in Malaysian block
22 September 2011 Lundin Petroleum has plugged and abandoned its third exploration well as a dry hole in block PM308A, offshore the east coast of...

Husky Energy to develop Liwan gas project in South China Sea
22 September 2011 Husky Energy has agreed to develop the Liwan 3-1 and Liuhua 34-2 fields of the Liwan gas project in the South China Sea with China National Offshore Oil Corp...

Tenaris and PCC Energy secure supply contract for Saudi offshore project
22 September 2011 Tenaris and PCC Energy Group have secured a contract from Saudi Aramco to supply corrosion resistant alloy (CRA) tubing for its Arabiyah & Hasbah offshore gas development project in Saudi Arabia....

Oil prices fall on weak Federal Reserve economic measures
22 September 2011 US crude fell by $1.46 to stand at $84.46 a barrel and Brent crude slid by $1.72 to $108.64 after insufficient measures to boost the US economy were announced by the US Federal...

BG Norge to conduct underwater operations for Gaupe field
21 September 2011 BG Norge is to begin manned underwater operations at the Gaupe field, which is located between the Norwegian and UK sectors in the North Sea....

New Guinea Energy, Talisman discover hydrocarbons in Papua New Guinea
21 September 2011 Joint venture partners New Guinea Energy and Talisman Energy have made a new hydrocarbon discovery in the Forelands basin in western Papua New...

Statoil receives permit to drill North Sea 16/2-10 S well
21 September 2011 Statoil has received a permit from the Norwegian Petroleum Directorate to drill the 16/2-10 S well in production licence 265, which is located in the North Sea....

Oil prices fall on rise in US crude stocks
21 September 2011 US crude fell by 14¢ to stand at $86.78 a barrel due to a sudden rise in US crude...

HPGT to acquire SNG natural gas pipeline assets
20 September 2011 High Point Gas Transmission (HPGT) has signed a purchase and sale agreement with Southern Natural Gas (SNG) to acquire natural gas pipeline assets near its Toca compressor station in New...

OGX receives licence for Waimea development
20 September 2011 OGX has received an international licence from the Brazilian Institute for Environment and Renewable Natural Resources (IBAMA) for the production and development of the extended well test in...

Santos to start drilling Bay of Bengal block 16
20 September 2011 Santos is to start drilling block 16 in the Bay of Bengal, offshore Chittagong, Bangladesh. The company will invest $126m in the three-well programme, which aims to explore hydrocarbons. ...

US crude slips on economic growth concerns
20 September 2011 US crude prices fell by 8¢ to stand at $85.62 as worries about the economic growth outlook intensify. Brent crude remained steady at $109.35 a barrel after two days of losses fuelled...

Apache Julimar, Kyushu Electric sign Wheatstone LNG agreement
19 September 2011 Apache Julimar and its partners have executed a long-term sales and purchase agreement with Kyushu Electric Power Company to supply liquefied natural gas (LNG) from the Wheatstone Project...

Statoil and partners to install two new compressors at Troll gas platform
19 September 2011 Statoil and its partners are to invest Nkr11bn ($1.96bn) in the installation of two new compressors at the platform of the Troll gas project, offshore Norway. The partners include...

US crude falls on strong dollar
19 September 2011 US crude prices fell by $1.29 to stand at $86.67 a barrel today as the dollar strengthened. Inventories also slid and markets are seeking safer assets ahead of the US Federal Reserve meeting...

Total acquires offshore blocks in Indonesia from Talisman Energy
19 September 2011 Total has signed agreements with Talisman Energy to farm-in three deepwater offshore exploration blocks operated by Talisman in the Makassar Strait of Indonesia. Under the agreement,...

Keppel to construct $115m crane vessel for Asian Lift
16 September 2011 Keppel Nantong Shipyard, a subsidiary of Keppel Offshore & Marine, has secured a contract worth SGD143m ($115.4m) from Asian Lift to build a heavy lift sheerleg crane. Scheduled to...

Oil prices rise over action to boost European bank funding
16 September 2011 Oil prices rose today after the central banks announced a coordinated action plan to boost European bank funding, decreasing concerns about the declining crude demand from industrialised...

Prosafe wins Nexen charter contract in the North Sea
16 September 2011 Prosafe has secured a $74m charter contract from Nexen Petroleum for the provision of the Safe Caledonia accommodation rig for deployment in the UK sector of the North Sea. The...

Ascent Resources extends licences in Netherlands offshore blocks
16 September 2011 Ascent Resources has extended its licences in the M10 / M11 block, which is located in shallow waters off the north coast of the Netherlands in the southern North Sea, until 30 June 2013. ...

Chevron platform leaks oil into Gulf of Mexico
15 September 2011 A crude oil pipeline at a Chevron-operated shallow-water platform has leaked oil into the Main Pass Area of the Gulf of Mexico. Chevron shut down its offshore Louisiana Main Pass...

Det norske oljeselskap makes new Skaugumsasen oil and gas discovery
15 September 2011 Norwegian firm Det norske oljeselskap has made a new oil and gas discovery at well 6508/1-2 in the Skaugumsasen prospect of the Norwegian Sea. The well, which was drilled in production...

Hercules Offshore increases stake in Discovery Offshore
15 September 2011 Hercules Offshore has acquired an additional 6.1 million shares of Luxembourg-based Discovery Offshore for Nkr9.02 per share, increasing its stake to 28%. This purchase means that Hercules...

US crude prices fall on economic growth anxiety
15 September 2011 US crude slipped by 39¢ to stand at $88.52 a barrel as rising fuel stocks and falling demand in the top oil consumer fuelled concerns about economic growth. Brent crude for November...

Northern Offshore secures drillrig contract from CNOOC
14 September 2011 Northern Offshore has secured a contract from CNOOC Palung Aru for its Energy Searcher rig to be used to drill a well offshore Indonesia. The rig was contracted for 60-90 days, including...

Technip to acquire Global Industries
14 September 2011 Technip has signed a definitive merger agreement to acquire Global Industries for $8 per share in cash. The deal values Global Industries at $1.07bn, including $136m of net debt, and...

TGS, PGS start multi-client 2D survey in Labrador Sea
14 September 2011 Geoscience data provider TGS, in partnership with Petroleum Geo-Services (PGS), has begun a new 22,000km multi-client 2D survey in the Labrador Sea, offshore the Canadian province of Newfoundland....

Oil prices dip as euro debt crisis continues
14 September 2011 US crude fell by $1.56 to stand at $88.65 a barrel this morning as the dollar strengthened. US crude stockpiles fell by a larger-than-expected 5.1 million barrels last week as Tropical Storm...

SDRL secures drillrig contract from Statoil
13 September 2011 SDRL has secured a four-year contract from Statoil for its ultra-deepwater rig West Hercules for operations in harsh environments. The potential revenue from the contract is estimated at...

Shell confirms new oil discovery offshore French Guiana
13 September 2011 Shell has confirmed an oil discovery from well GM-ES-1 in the Guyane Maritime permit, offshore French Guiana. The well is being drilled in a water depth of 2,000m and has encountered 70m of...

Oil prices rise over weak US dollar
13 September 2011 US crude rose by 52¢ to stand at $88.71 a barrel today as the dollar weakened, reviving the appeal of commodities. Europe's deteriorating debt crisis also eased temporarily, which...

Salamander Energy to acquire Thai prospect
13 September 2011 Salamander Energy has agreed to farm-in to block G4/50 in the Gulf of Thailand, earning equity in the acreage from Mitsui Oil Exploration. Block G4/50 is located in the Western Gulf of...

Lundin Petroleum spuds first well in Marine XI Congo-Brazzaville
12 September 2011 Lundin Petroleum has begun drilling exploration well Mindou Marine-1 on the Marine XI block, offshore Brazzaville, Democratic Republic of Congo. The well, which is the first of a...

Cameroon signs aftermarket services agreement with Petrobras
12 September 2011 Cameron has renewed a contract with Petrobras to continue to supply aftermarket services and support for its developments offshore Brazil. The agreement is a continuation of the...

US crude slips as dollar strengthens
12 September 2011 US crude fell by $1.82 to stand at $86.42 a barrel today as the dollar rose and a weak global outlook dampened oil demand. Spurred by Europe's deepening sovereign debt crisis, investors...

GE to supply subsea systems to Centrica Energy
12 September 2011 GE Oil & Gas has secured a contract from Centrica Energy Upstream of Aberdeen, UK, to supply subsea systems for projects in the North Sea and the Irish Sea. Under the $15m contract, GE...

Chevron makes new oil discovery at Moccasin prospect
09 September 2011 Chevron Corporation has made a new oil discovery in the No 1 well of Keathley Canyon block 736 at the Moccasin prospect in the US Gulf of Mexico. The well was drilled to a depth of 31,545ft...

Hurricanes and Obama economy plan lift oil prices
09 September 2011 Oil prices rose this morning, boosted by storm threats and uncertainty about US President Barack Obama's plan to revive the US economy. US crude fell by 7¢ to stand at $88.98 while...

GE secures North Sea services contract from Ithaca Energy
09 September 2011 GE Oil & Gas has secured a $17m contract from Ithaca Energy (UK) to provide services for the development of the Stella oil and gas field in the Central North Sea. Under the contract,...

NPD gives Premier Oil green light to drill PL 406
09 September 2011 The Norwegian Petroleum Directorate has granted Premier Oil Norge permission to drill well 9/1-1 S in production licence 406 (PL 406). This is the first exploration well to be drilled in PL...

BP to develop North Sea Kinnoull reservoir
08 September 2011 BP has signed an agreement to invest £700m in the development of the Kinnoull reservoir in the central North Sea. The Kinnoull reservoir, which contains 45 million barrels of oil equivalent,...

Oil prices steady on German court ruling and lower stocks
08 September 2011 Oil markets were steady this morning as a ruling by a top German court helped reduce fears that eurozone bail-out efforts might get stalled. US crude stood at $89.53 a barrel and Brent...

GE to supply subsea production equipment for Causeway field
08 September 2011 GE Oil & Gas has agreed to supply subsea production equipment to Valiant Causeway for the development of the Causeway field in the North Sea. Under the contract, GE will provide two...

IDS launches web-based drill reporting tool
08 September 2011 IDS has unveiled TourNet2, a new web-based drilling reporting and analysis tool that enables rig contractors to analyse the data of several rigs simultaneously. The new TourNet2 application...

Pertamina to invest $40bn in Indonesian gas field project
07 September 2011 Oil and gas company Pertamina and its partners are to invest up to $40bn in the Natuna gas field project, offshore Indonesia. Partners ExxonMobil, Total, Petronas and Pertamina are engaged...

Technip wins subsea installation contract for Gryphon field
07 September 2011 Technip has secured a €40m subsea installation contract from Maersk Oil North Sea for the recovery and repair programme at the Gryphon field, which is located north-east of...

Oil prices rise over disrupted Gulf of Mexico crude supply
07 September 2011 Oil prices rose this morning over an anticipated fall in US crude stockpiles due to Tropical Storm Lee disrupting production in the Gulf of Mexico. US crude rose by 42¢ to stand at $86.44...

RAK Petroleum subsidiaries to merge with DNO
07 September 2011 RAK Petroleum is to merge its oil and gas operating companies into DNO International (DNO) following completion of due diligence and agreement. RAK Petroleum will receive 153 million shares...

US crude slips on weak economic data
06 September 2011 Weak economic data from the US and China led to US crude dropping 13¢ to stand at $83.95 a barrel, while Brent crude rose 12¢ to $110. Oil prices were also supported by the closure...

HHI to build ultra-deepwater drillship for Noble
06 September 2011 Noble Corporation has exercised its option with Hyundai Heavy Industries (HHI) for the construction of an ultra-deepwater drillship. Under the $630m contract, HHI will build the drillship...

Atwood secures charter contracts from Apache Energy
06 September 2011 Atwood Oceanics has secured two contracts from Apache Energy to use deepwater drilling rigs Atwood Eagle and Atwood Falcon for drilling operations in Australia. Under the contract, Atwood...

GDF SUEZ given permit to drill first well in Norwegian prospect
06 September 2011 GDF SUEZ Norge has received a drill permit from the Norwegian Petroleum Directorate for well 7124 / 4-1 S in production licence (PL) 530, which comprises blocks 7123 / 6 and 7124 / 4,...

Antrim Energy seeks approval to develop Causeway field
05 September 2011 Antrim Energy has submitted a final field development plan (FDP) to the Department of Energy and Climate Change (DECC) to drill the Causeway field in the UK Continental Shelf in the North...

ExxonMobil sells Gulf of Mexico assets to Dynamic Offshore
05 September 2011 ExxonMobil has sold the Gulf of Mexico assets of its XTO Energy unit for $182.5m to Dynamic Offshore Resources. The 90 structures and blocks include West Cameron 507, Main Pass 125,...

Santos plunges Sampdoria-1 exploration well offshore Australia
05 September 2011 Santos has plunged and abandoned the Sampdoria-1 exploration well on the Wompi block in ATP 752P, Queensland, Australia, after reaching a depth of 1,823m in the Toolachee Formation. The well...

Oil markets hit by world events
05 September 2011 Oil prices fell this morning due to fears of another recession in the US, which slowed demand, the shutdown of offshore oil production in the Gulf of Mexico due to Tropical Storm Lee and an EU...

Rocksource secures permit to drill well offshore Norway
02 September 2011 Rocksource has secured a drilling permit from the Norwegian Petroleum Directorate to drill wellbore 6608 / 11-7 S in production licence 559, offshore Norway. The well will be drilled...

Lundin confirms Avaldsnes field extension
02 September 2011 Lundin Petroleum has announced that a second appraisal well has confirmed the extension of the Avaldsnes field. Appraisal well 16 / 2-7 was drilled up to 2,500m in water depths of 113m and...

Noreco makes gas discovery in Norwegian Sea
02 September 2011 Norwegian Energy Company (Noreco) has made a small gas discovery in an exploration well being drilled in production licence PL471 in the Norwegian Sea. The main objective of well 6407 / 5-2S...

Oil prices dip as investors await US jobs data
02 September 2011 US crude fell by 16¢ to stand at $88.77 while Brent crude dropped 6¢ to $114.13 a barrel as investors await US employment data. Weak data may prompt the Federal Reserve to start...

Oil prices surge on Chinese manufacturing rebound
01 September 2011 US crude rose by 27¢ to stand at $89.08 a barrel this morning, while Brent crude gained 15¢ to $115.27 after China's manufacturing rebounded in August, increasing expectations that...

Petrofac secures £30m offshore contracts from GDF SUEZ
01 September 2011 Petrofac's offshore engineering and operations business has won two contracts worth £30m from GDF SUEZ E&P UK to provide services for projects in the North Sea. The company will...

MEO signs agreement with Fugro for Zeus survey
01 September 2011 MEO Australia has signed an agreement with Fugro Multi Client Services to acquire the Zeus 3D survey in the Carnarvon basin, offshore Western Australia. Exploration well WA-361-P, where the...

BP Trinidad begins production from Serrette field
01 September 2011 BP Trinidad and Tobago (BPTT) has started the production of natural gas from the Serrette field, offshore Trinidad. Production from the field is tied into BPTT's Cassia B hub through a 26in,...

August 2011

Top

Oil markets hit by recession fears
31 August 2011 US crude dropped 31¢ to stand at $88.59 a barrel and Brent crude fell by 9¢ to $113.93 over fears of another recession in the US, the world's biggest economy, and the possibility that...

Wild Well Control to launch offshore emergency system in Aberdeen
31 August 2011 Wild Well Control will unveil its global subsea well containment system (GSWCS) at Offshore Europe 2011, the oil and gas conference and exhibition to be held in Aberdeen, Scotland, next...

PA Resources confirms hydrocarbons in Danish prospect
31 August 2011 PA Resources has confirmed the presence of an additional hydrocarbon column from an exploration well in the Broder Tuck prospect in the Danish sector of the North Sea. Well 5504 / 20-4...

KBR secures FPSO services contract from Hyundai Heavy Industries
31 August 2011 Hyundai Heavy Industries has awarded a contract to KBR to provide engineering design and procurement support services for a floating production storage and offloading (FPSO) project to be...

Roc Oil's Zhanghai block starts production
30 August 2011 Roc Oil has begun production from its first appraisal well drilled on the Zhanghai block in Bohai Bay, offshore China. The company started drilling well ZD CP2N-H-1 from the Zhao Dong...

UK reveals reduced risk of oil leak at Gannet field
30 August 2011 The UK Secretary of States Representative for Maritime Salvage and Intervention Hugh Shaw has confirmed that the risk of further oil release from Shell's Gannet field pipeline in the Central...

ATP begins production from Mississippi Canyon block
30 August 2011 ATP Oil and Gas has started production from its 941 A-2 (#4) well in the Mississippi Canyon block in the Gulf of Mexico. The well is located on the Mirage field and was brought...

US economic data, Greek bank merger lift oil markets
30 August 2011 US October crude rose by 7¢ to stand at $87.34 a barrel, while Brent crude gained 40¢ to $112.28 a barrel after strong economic data was revealed in the US. Oil prices were...

Statoil makes Gullfaks Sor oil and gas discovery
26 August 2011 Statoil Petroleum has made a new oil and gas discovery in production licence 50 in the southern part of the Gullfaks Sor field in the Northern North Sea. The company drilled well 34 / 10-52...

Oil markets await Federal Reserve report
26 August 2011 Oil prices fell this morning as investors anticipate that measures to be announced by Federal Reserve chairman Ben Bernanke may not help the faltering US economy. US crude fell by 30¢...

Lundin spuds Norwegian North Sea well
26 August 2011 Lundin Petroleum has begun drilling appraisal well 16 / 2-9S in production licence 265 on the Aldous Major North structure in the Norwegian North Sea. The company will drill the well using...

Anadarko discovers oil on West Cape Three Points
26 August 2011 Anadarko Petroleum has made a light oil discovery at the Akasa-1 exploration well on the West Cape Three Points block, offshore Ghana. The exploration well was drilled to a total depth...

Rockhopper Exploration spuds well near Sea Lion
25 August 2011 Rockhopper Exploration has begun drilling exploration well 14 / 10-7 to further test the Sea Lion oil discovery in the North Falkland Basin. The well is located 3.3km from the original Sea...

SOCO starts oil and gas production from Vietnamese field
25 August 2011 SOCO has begun the production of crude oil and wet gas from the Te Giac Trang (TGT) field in Vietnam. The field has a floating, production, storage and offloading vessel, two wellhead...

Petronas to develop Malaysian oilfields
25 August 2011 Petronas is to invest MYR15bn ($5bn) in developing gas reserves from nine fields in the North Malay basin, offshore Malaysia. The fields are located in blocks PM301 and PM302 in the...

US stocks fall supports oil market
25 August 2011 US crude fell by 11¢ to stand at $85.05 a barrel today, while Brent crude gained 2¢ to $110.17 a barrel due to decreasing US crude stocks. Brent crude was also supported by...

Oil prices rise on Federal Reserve stimulus hopes
24 August 2011 US crude rose by 10¢ to stand at $85.54 and Brent crude stood at $109.26 a barrel as investors hoped the US Federal Reserve would inject fresh stimulus to boost the biggest oil...

Statoil gets go-ahead to drill well on Norwegian Shelf
24 August 2011 Statoil has received a permit from the Norwegian Petroleum Directorate to drill wildcat well 15 / 8-2 in production licence 303 in the North Sea. The COSLPioneer drilling facility will be...

Shell receives approval for next phase of Gannet field pipeline
24 August 2011 The UK Secretary of States Representative for Maritime Salvage has given the green light for Shell's next phase of operation at the Gannet field pipeline in the Central North Sea. Planning...

Anadarko Petroleum discovers gas at Rovuma basin
24 August 2011 Anadarko Petroleum has encountered over 70m of natural gas pay in its Barquentine-2 appraisal well, which is located in Offshore Area 1 of the Rovuma Basin, Mozambique. The well was drilled...

Statoil receives permit to drill well in the North Sea
23 August 2011 Statoil has received permission from the Norwegian Petroleum Directorate to drill well 16 / 2-9 S in production licence 265, in the North Sea. The Transocean Leader drill rig will be used...

Technip to build Truss Spar hull for Anadarko field project
23 August 2011 Technip has received a letter of intent from Anadarko Petroleum to construct and transport a 23,000t Truss Spar hull for the Lucius field development in the US Gulf of Mexico. The hull,...

Oil prices rise as Libyan civil war continues
23 August 2011 Oil prices rose this morning as the civil war in Libya continues and investors anticipate a fall in US stockpiles. US crude gained 62¢ to stand at $85.04 a barrel and Brent crude rose...

Lundin spuds well at Batu Hitam prospect
23 August 2011 Lundin Petroleum has begun drilling a well in the Batu Hitam prospect in block PM308A, offshore the east coast of Malaysia. The company will test the hydrocarbon potential of a large...

Roc Oil to farm down stake in Guinean block to White Rose
22 August 2011 Roc Oil will farm down its interest in block H, offshore Equatorial Guinea, from 37.5% to 20% to White Rose Energy Ventures. In exchange, White Rose will make an upfront payment of...

Oil prices fall as end of Libyan war draws near
22 August 2011 US crude fell by 24¢ to stand at $82.02, while Brent dropped $3.47 to $105.15 per barrel today, as markets expect an increase in production from OPEC member Libya. Before the unrest...

Petrobras starts production at platform P-56 in Campos Basin
22 August 2011 Petrobras has begun production from its semi-submersible platform P-56 in the Marlim Sul field, in Brazil's Campos Basin. The platform, which started production through well 7-MLS-163HPRJS,...

Chevron awards Fluor Caspian pipeline expansion contract
22 August 2011 Fluor has secured a $100m contract from Chevron Neftegaz to provide project services for the Caspian pipeline expansion project. The Caspian pipeline originates in western Kazakhstan and...

Aker Capital acquires 11.66% stake in Det Norske Oljeselskap
19 August 2011 Aker Capital has bought an 11.66% stake in Norway-based oil company Det Norske Oljeselskap from DNO International for Nkr521m ($96.5m). The company purchased 12.9 million shares held by...

Roc, Dialog, Petronas to develop Malaysian fields
19 August 2011 Roc and Dialog Group will form a joint venture with a subsidiary of Petronas for the development of the oil and gas fields in the Balai Cluster, located offshore Sarawak, Malaysia. The...

BMT awarded Petrobras maintenance services contract
19 August 2011 BMT Scientific Marine Services has secured a contract from Petrobras America to provide maintenance support services for five years. Under the terms of the contract, the company will...

Falling demand and eurozone concerns depress oil market
19 August 2011 Oil prices fell today due to renewed concerns about decreased oil demand amid weak US economic data and anxiety about the eurozone debt crisis. US crude fell by $1.01 to stand at $81.37...

Oil Prices Fall on Strong Dollar and Euro Debt Concerns
18 August 2011 Oil prices fell this morning as a stronger dollar kept investors away from riskier dollar-dominated assets, such as oil, and ongoing anxiety about Europe's debt crisis. US crude fell...

OMV Gets Green Light to Drill Norwegian Sea Well
18 August 2011 OMV Norge has received a drilling permit from the Norwegian Petroleum Directorate to drill well 6407 / 5-2 S in the Norwegian Sea. Wildcat well 6407 / 5-2 S is located in production licence...

Statoil Makes Major Oil Discovery on Norwegian Shelf
18 August 2011 Norwegian energy company Statoil has confirmed the discovery of between 500 million and 1.2 billion barrels of recoverable oil equivalent in the North Sea. Statoil has a 40% stake in licence...

ABB Secures Equipment Orders from Samsung and Keppel
18 August 2011 ABB has secured contracts worth $200m from Samsung Heavy Industries, Keppel FELS and Jurong Shipyard to supply automation equipment for marine vessels in South Korea and Singapore. Under...

Paradigm Uses New Technology to Boost North Sea Production
17 August 2011 Paradigm Flow Solutions has implemented a new technology, Pipe-Pulse, to increase production in a North Sea field by over 3,000 barrels of oil per day. The Pipe-Pulse technology is a...

Low Stocks and Strong Economics Boost Oil Prices
17 August 2011 Oil prices rose this morning, boosted by a better-than-expected fall in petrol stocks and positive US economic data, which overshadowed concerns about the eurozone debt crisis. US crude rose...

Centrica Drills First Well in Butch Prospect
17 August 2011 Centrica has started drilling the first of three wells in its Butch prospect in licences PL405 and 405BS in the Norwegian North Sea. The company is drilling the well, which is located 7km...

Transocean Bids for Aker Drilling
17 August 2011 Transocean Services has launched an all cash voluntary offer to buy 100% of Aker Drilling for Nkr26.50 ($4.80) per share. Transocean has already received consent for the deal from...

Otto Energy to Increase Stake in Galoc Oilfield
16 August 2011 Otto Energy has signed definitive agreements to increase its stake in the Galoc oilfield, offshore the Philippines, from an indirect 18.78% to a direct 33% under a service contract. The...

Det Norske Oljeselska to Drill North Sea Well
16 August 2011 Norwegian firm Det Norske Oljeselska has received approval to start drilling well 3 / 4-2S in production licence 356 in the North Sea. The well will be drilled using the Maersk Guardian...

Strong Dollar, Weak Economy Hit Oil Markets
16 August 2011 Oil prices fell today due to a strong US dollar and soft economic data. The dollar traded up 0.12% against a basket of currencies, making commodities priced in the dollar more expensive...

National Oilwell Varco Secures $1.5bn Drilling Equipment Contracts
16 August 2011 National Oilwell Varco has signed contracts worth $1.5bn to supply drilling equipment packages for seven drillships to Brazilian firm Estaleiro Atlantico. The company will supply drilling...

SapuraCrest to Buy Clough's Marine Construction Portfolio
15 August 2011 SapuraCrest Petroleum has signed a conditional agreement to acquire Clough's marine construction and offshore engineering operations in Australia, the UK and the US for A127m ($130.6m). ...

W&T Offshore Closes Acquisition Deal with Shell
15 August 2011 W&T Offshore has completed the acquisition of Shell Offshore's 64.3% interest in the Fairway field and a 64.3% interest in the associated Yellowhammer gas processing plant in Alabama, US,...

Russia, Turkmenistan to Explore Oil and Gas Exploration
15 August 2011 Russian state-controlled oil company Zarubezhneft and Curacao-based Itera have entered a production sharing agreement with Turkmenistan to explore the country's section of the Caspian Sea for...

Positive Economic Reports Boost Oil Market
15 August 2011 Oil prices rose this morning after the US and Japan published positive economic data. US crude rose by 8¢ to stand at $85.46 a barrel and Brent Crude for September gained 11¢...

SBM Offshore Receives LOIs for Brazilian FPSO Unit
12 August 2011 An affiliate of SBM Offshore and drilling contracting company Queiroz Galvao Oleo e Gas has secured two letters of intent (LoI) to charter and operate an FPSO for the Guara Norte...

Oil Markets Hit by Economic Worries
12 August 2011 Oil prices fell this morning as a stronger dollar and demand concerns from industrialised nations weighed on prices. US crude slipped by $1 to stand at $84.70 a barrel and Brent crude...

Enarsa Postpones Auction of Argentinean Offshore Blocks
12 August 2011 State-run energy company Enarsa has suspended the auctioning of oil exploration rights at 32 offshore blocks in Argentina because of adverse market conditions. The company will resume...

Total E&P Tests Well Capping Device on Scottish Coast
12 August 2011 Total E&P, on behalf of Oil & Gas UK, has tested a well capping device in block 206 / 4, 75km north-west of Shetland, Scotland. The device can be used to seal an uncontrolled subsea...

Oil Prices Hit by Economic Concerns
11 August 2011 Oil markets continue to be affected by economic uncertainty in the US and Europe. Brent crude fell by 95¢ to stand at $105.73 today after rising $1 as the US dollar weakened. ...

Clough DORIS to Develop Ichthys LNG Project
11 August 2011 The Clough DORIS Joint Venture has received a contract worth A$250m to provide integrated project management support services for the Ichthys LNG project, offshore north-west Australia. ...

Seadrill to Supply Jack-Up Rigs for Al-Khafji
11 August 2011 Seadrill has secured two contracts from Al-Khafji Joint Operations (KJO) to supply jack-up rigs to be deployed at the joint development zone between Saudi Arabia and Kuwait. The company...

Noble Corporation Awarded Drill Rig Charter Contracts
11 August 2011 Noble Corporation has secured two separate contracts from Gujarat State Petroleum Corporation (GSPC) and Wintershall to supply semi-submersible drill rigs. GSPC awarded a 180-day contract...

Chariot Sells Namibian Oil Exploration Stake to BP
10 August 2011 Chariot Oil & Gas has sold 25% of its stake in block 2714A in Namibia to UK-based oil firm BP for an undisclosed sum. Block 2714A is located in the Orange Basin off the Namibia coast...

Vietsovpetro Discovers Oil at GT-1X Well Offshore Vietnam
10 August 2011 Vietsovpetro has made a new oil discovery at the GT-1X well near the Bach Ho field, offshore Vietnam. The well encountered oil with a flow rate of more than 2,000 barrels per day on the...

Near-Zero Interest Rates Extension Lifts Brent Crude
10 August 2011 Brent crude for September rose by $3 to stand at $105.50 a barrel after the US Federal Reserve promised to extend near-zero interest rates for two more years. The move prompted investors...

Statoil Makes New Oil Discovery in Aldous Major South Prospect
10 August 2011 Statoil has encountered oil at the 16 / 2 8 well drilled on production licence (PL) 265 in the Aldous Major South prospect, North Sea. The well, which contained a 65m oil column in...

McDermott to Provide Fabrication Services for Shell Offshore
09 August 2011 McDermott International has secured a contract from Shell Offshore to provide fabrication services for its West Delta 143 C deck, jacket, piles and bridge in the Gulf of Mexico. The WD 143...

Oil Markets Recover from Sharp Losses
09 August 2011 Brent crude recovered from sharp losses in early European trade this morning as investors edged back into riskier assets after a heavy sell-off during the previous session. Brent crude...

Lundin Makes Second Gas Discovery Offshore Malaysia
09 August 2011 Lundin Petroleum has made a second gas discovery in the Cempulut-1 well, offshore Sabah, East Malaysia. The well was drilled in block SB303 using the Offshore Courageous rig at a depth of...

Keppel Wins Transocean Offshore Jack-Up Rig Contract
09 August 2011 Keppel FELS has secured a $195m contract from Transocean Offshore Deepwater to build a high-specification jack-up rig based on the KFELS Super B Class Bigfoot design. The rig is designed...

Tangiers Petroleum Identifies Two Gas Prospects Offshore Australia
08 August 2011 Tangiers Petroleum has completed the first phase of its deep seismic interpretation and evaluation of new deeper gas play concepts at its WA-442-P and NT / P81 exploration permits in the...

NuCoastal to Extend Drill Rig Charter Contract
08 August 2011 Thai-based NuCoastal, an affiliate of Coastal Energy, has signed a contract with Atwood Oceanics to extend the charter operation of the Vicksburg jack-up rig, offshore Thailand, by one...

Oil Markets Hit by US Credit Rating Drop
08 August 2011 US crude slipped by over $2 to stand at $83.68 a barrel today as credit rating agency Standard & Poor's downgraded the US's top-tier credit rating. The credit downgrade to AA-plus...

Kongsberg Maritime to Install Automation System on BW FPSO
08 August 2011 Kongsberg Maritime has secured a contract from BW Offshore to install a safety and automation system (SAS) on the newly upgraded BW Athena floating, production, storage and operating (FPSO)...

Marathon Oil Discovers Hydrocarbons on Earb South Prospect
05 August 2011 Marathon Oil Norge has encountered three poor quality hydrocarbon deposits at wildcat well 25 / 10-11 on the Earb South prospect in the Norwegian North Sea. The deposits were found...

Oil Prices Fall on Economic Slowdown Concerns
05 August 2011 US crude fell by $1.40 to stand at $85.23 a barrel today as investor anxiety over the global economic slowdown continues. Brent remained steady at $107.25 after dropping $6 in the...

HRT Reveals Namibian Prospect's Resource Estimates
05 August 2011 HRT Participacoes em Petroleo blocks 2813-A, 2814-B and 2914-A in the Orange Basin, Namibia, have a net potential resources volume of 7.9 billion barrels of oil equivalent. Consultant...

Salamander Energy Drills Cat Ba–1X Appraisal Well Offshore Vietnam
05 August 2011 Salamander Energy has begun drilling the Cat Ba-1X (101-CB-1X) exploration well in block 101-100 / 04, offshore northern Vietnam. The well is being drilled using the Aquamarine Driller...

Oil Markets Rise Ahead of US Jobless Report
04 August 2011 Oil prices rose this morning as investors await the latest US employment report. US crude gained 21¢ to stand at $92.14 barrel, while Brent crude increased by 1¢ to $113.24 a barrel. ...

SECC Unveils Emergency Disconnect Offshore Solutions
04 August 2011 SECC Oil & Gas has launched its next generation of emergency disconnect solutions, which are designed to reduce pollution and provide safety to offshore operators. The midline...

Lundin Norway Submits Development Plan for Brynhild Field
04 August 2011 Lundin Norway has submitted a plan for the development and operation of the Brynhild field, which is located in block PL148 in the North Sea. The company will work on the project,...

CorDEX, Aberdeen University Launch Strategic Partnership
04 August 2011 CorDEX Instruments has formed a strategic partnership with the University of Aberdeen in Scotland, UK, to develop safe and explosion-proof technologies for research. The university will...

Subsea 7 Secures Contract for Gorgon Project
03 August 2011 Subsea 7 has secured a $440m contract from Chevron Australia to install and tie-in heavy-lift structures in the Gorgon and Jansz Fields of the Gorgon project, offshore Western Australia. ...

Dominion Petroleum Secures Deepwater License in Kenya
03 August 2011 Dominion Petroleum has signed heads of agreement with the Kenyan Government to secure a 100% working interest in Block L15, offshore Kenya. The award is subject to the signing of a...

US Crude Falls to $93.29 a Barrel
03 August 2011 US crude fell by 50¢ to $93.29 a barrel today after credit ratings agency Moody assigned a negative outlook to the US, which may lead to decreased demand in the nation. Brent crude...

Polarcus to Conduct 3D Survey on Bjarmeland Platform
03 August 2011 UAE-based marine company Polarcus will acquire a 3D multi-client project over an area of 1,100km² in the Barents Sea, offshore Norway. The Bjarmeland Platform survey has been designed...

Oil Prices Fall on Global Manufacturing Downturn
02 August 2011 Oil markets were hit this morning by a slowdown in global manufacturing activity. US crude fell by 9¢ to stand at $94.80 and Brent crude lost 30¢ to $116.50 a barrel. The drop...

Petrobras Confirms Oil in Guara Discovery
02 August 2011 Petrobras has confirmed the presence of light oil 5.7km south of the Guara well, which is located in the Santos Basin on block BM-S-9, offshore Brazil. Pre-salt reservoir tests confirmed...

Keppel FELS to Complete Saipem Drill Rig
02 August 2011 Keppel FELS is on track to complete the construction of a sixth-generation, ultra-deepwater semi-submersible drilling rig, Scarabeo 9, for Italian firm Saipem. The company was responsible...

Tetra Technologies Acquires Derrick Barge
02 August 2011 Tetra Technologies has acquired a newly built derrick barge from Wison Heavy Industry and Nantong Mee Lee Cheong Tongbao Shipbuilding for $71m. The barge, Tetra Hedron, has a capacity...

Ophir Energy's Kora-1 Well Fails to Hit Pay
01 August 2011 Ophir Energy has completed drilling the Kora-1 exploration well, which is located off the coast of Senegal / Guinea-Bissau, but could not confirm the presence of hydrocarbons. The well...

Petronas Carigali Makes Two Gas Discoveries in Malaysia
01 August 2011 Petronas Carigali has made two gas discoveries offshore the west coast of Sabah, Malaysia. Petronas owns the production sharing contract of the Samarang Asam Paya block, where the...

Eni Finds Hydrocarbons Offshore Indonesia
01 August 2011 Eni has made a new hydrocarbon discovery at an exploration well drilled on the Jangkrik North East structure, located in the Muara Bakau block of Kutei Basin, offshore Indonesia. The...

Oil Prices Rise on US Deficit Debt Deal Confirmation
01 August 2011 Oil prices increased this morning following US President Barack Obama's announcement that congressional leaders had agreed on a debt deal. US crude gained $1.45 to stand at $97.15 a...

July 2011

Top

Intecsea Wins PRAC Trenching System Contract
29 July 2011 Intecsea Canada has secured a contract from Petroleum Research Atlantic Canada (PRAC) to develop a trenching system for the first phase of a joint industry programme. Under the contract,...

Oil Prices Fall on US Debt Deal Stalemate
29 July 2011 US crude for September lost 24¢ to stand at $97.20 a barrel today, but was on track to rise by 1.8% despite concerns over the failure of a deal to avoid a default in the US economy. ...

Idemitsu Encounters Dry Well in Vega Field
29 July 2011 Idemitsu Petroleum Norge has discovered a dry well, west of the Vega field in the North Sea. The primary objective of wildcat well 35 / 2-1 ST2, in licence 377 S, was to prove hydrocarbons...

GE to Supply Compression Technology for Wheatstone Project
29 July 2011 GE Oil & Gas has secured a contract from Bechtel International to supply compression technology for two LNG refrigeration trains for the Chevron-operated Wheatstone Project in...

US Crude Falls on Debt Talks Impasse
28 July 2011 Crude oil prices rose this morning as the US struggled to reach an agreement on raising the debt ceiling to avoid a default. Prices were also affected by the release of stocks onto the market. ...

OGX Discovers Hydrocarbons in Campos Basin
28 July 2011 Brazil's OGX Petroleo e Gas Participacoes (OGX) has made a new hydrocarbons discovery in the Santonian and Albian sections of well 1-OGX-52-RJS in the BM-C-41 block of the Campos Basin. ...

TGS to Extend 3D Seismic Data Recovery in Barents Sea
28 July 2011 TGS has begun the acquisition of an extension of its multi-client 3D seismic data in the Barents Sea. This programme will be carried out to the west of the Hoop Fault Complex survey and...

Nam Cheong to Deliver Towing Vessels to Sentinel
28 July 2011 Malaysia's Nam Cheong has secured a contract from Sentinel Marine to supply three anchor handling towing supply vessels. Under the S$46m ($38m) contract, Nam Cheong will provide three...

Oil Prices Fall on Crude Stocks Boost
27 July 2011 US crude fell by 33¢ to stand at $99.26 a barrel today due to an unexpected rise in US crude stocks. Brent crude fell 12¢ to $118.16 a barrel at 08.41 GMT as discussions about...

Cape Secures Offshore Contracts in Australia
27 July 2011 Cape's marine and offshore division has secured two contracts from McDermott Australia and SapuraAcergy Australia to provide specialist access services offshore Australia. McDermott...

CNOOC Restarts Production at BoZhong 28-2 South Oilfields
27 July 2011 CNOOC has resumed production at its BoZhong 28-2 South (BZ 28-2S) oilfields in Bohai Bay, China. The fields were suspended in April 2011 due to a malfunction that occurred on the single...

Songa Offshore Wins Charter Contract for Drill Rig in West Africa
27 July 2011 Songa Offshore has secured a letter of award from major oil operating companies in West Africa for its new ultra-deepwater semi-submersible rig Songa Eclipse. The $268m contract, which...

Vanco Joins Sierra Leone Project
26 July 2011 Vanco has signed a petroleum agreement with Oranto Petroleum to acquire a 21% interest in the SL-5-11 offshore block in Sierra Leone. The SL-5-11 block, which covers a 4,022km² area,...

Shell Acquires 30% Stake in Abadi FLNG Project
26 July 2011 Shell has obtained a 30% stake in the Abadi floating liquefied natural gas (FLNG) project, offshore Indonesia, from Japanese operator Inpex. The field, which is located in the Masela block,...

Oil Markets Settle on Obama Debt Concern
26 July 2011 Oil prices remained steady this morning as US President Barack Obama urged Republican and Democratic leaders to reach a fair compromise on raising the country's debt ceiling to avoid a...

MODEC to Supply FPSO to OSX 3 Leasing in Brazil
26 July 2011 MODEC has secured a contract from OSX 3 Leasing to supply the floating, production, storage and offloading (FPSO) vessel OSX-3 FPSO to be used in the Campos Basin, offshore Brazil. Under...

Harvest Natural Resources Makes New Oil Discovery Offshore Gabon
25 July 2011 Harvest Natural Resources has made a second oil discovery at the Dussafu Ruche Marin-1 (DRM-1) well drilled in the Dussafu Marin PSC, offshore Gabon, West Africa. Last month, the...

HRT Completes 3D Seismic Data Acquisition on Walvis Basin
25 July 2011 HRT Participacoes em Petroleo has completed the acquisition of 3D seismic data over a 5,278km² area of HRT's offshore blocks 2112B and 2212A in the Walvis Basin, offshore Namibia. ...

Oil Prices Fall on US Debt Delay
25 July 2011 Oil prices dropped today due to concerns among investors that a default by the US may lead to an economic imbalance. US crude decreased by $1.04 to stand at $98.83 a barrel and Brent crude...

Statoil to Drill Exploration Well in the North Sea
25 July 2011 Statoil has received approval to conduct exploration drilling in the central part of the North Sea by employing the COSL Pioneer mobile facility. The approval includes spudding appraisal...

TGS to Conduct 3D Seismic Survey Offshore Sierra Leone
22 July 2011 TGS is to begin acquiring 3D seismic data offshore Sierra Leone by the end of this month. The industry-funded survey marks over ten years of investment for TGS in the West African region...

Oil Prices Climb on European, US Debt Deals
22 July 2011 Oil prices rose this morning as signs of a US deficit reduction deal offset weak economic data from China, and Europe took action on the Greek debt crisis. US crude gained 29¢ to stand...

Lundin Petroleum Drills Second Avaldsnes Appraisal Well
22 July 2011 Lundin Petroleum has started drilling a second appraisal well, 16 / 2-7, on the Avaldsnes discovery on the Norwegian Continental Shelf. The well will be drilled using the Bredford...

Breton Energy Drills Second Evaluation Well Offshore Louisiana
22 July 2011 Breton Energy has started drilling a well in West Cameron lease 171 in the US Gulf of Mexico. The primary focus of the OCS-G-01997-10 well is a proven undeveloped gas accumulation in...

Oil Prices Steady on Tight US Stocks and Greek Debt Rescue Plan
21 July 2011 Oil prices settled this morning, backed by a larger-than-expected drop in US crude inventories and anticipations of a bailout package for debt-ravaged Greece. US crude rose by 10¢ to...

E.ON Encounters Dry Well in North Sea
21 July 2011 E.ON Ruhrgas Norge has encountered a dry well in licence 416 in the North Sea following the completion of drilling operations. Well 31 / 8-1 was drilled to a water depth of 2,598m using...

Lundin Petroleum Begins North Sea Well Drilling
21 July 2011 Lundin Petroleum has started drilling exploration well 16 / 2-8 on the Aldous Major South structure on licence PL265 in the Norwegian North Sea. The well will be drilled to a water depth...

Statoil to Use Transocean Drill Rig for Troll Field
21 July 2011 Statoil is to use Transocean Leader, an Aker H-4.2 semi-submersible drilling rig, to drill the Troll oil and gas field in the Norwegian North Sea. The project includes the drilling,...

Oil Prices Rise on US Debt Deal Talks and Falling Stocks
20 July 2011 Oil prices jumped this morning over an anticipated US debt deal and decreasing crude stocks. US crude gained 67¢ to stand at $98.17 a barrel, while Brent crude climbed 59¢ to...

ADX Awarded New Exploration Permit Offshore Italy
20 July 2011 ADX Energy has won exploration permit d 364 CR-AX in Terravecchia Foredeep, offshore Italy. The permit lies near the company's Tunisian Kerkouane permit, which contains the Dougga...

Rockhopper Drills Third Exploration Well in Sea Lion Discovery
20 July 2011 Rockhopper Exploration has drilled its third exploration well, 14 / 10-6, on the Sea Lion oil discovery in the North Falkland basin. The main objective of the well is to test the Sea...

Subsea 7 Wins Umbilicals Contract for Gorgon Project
20 July 2011 Subsea 7 has secured an $80m contract for the installation of offshore equipment at the Chevron-operated Gorgon project, offshore Western Australia. Work under the project...

SMOE to Build Platform Offshore Myanmar
19 July 2011 Sembcorp Marine subsidiary SMOE has secured a contract worth SGD600m ($492.11m) from PTTEP International to build an offshore platform in block M9 in the Andaman Sea, offshore Myanmar. ...

Oil Gains on Weak Dollar
19 July 2011 Oil prices rose this morning on a weakened dollar and a fall in US crude stocks. US crude gained 24¢ to stand at $96.17 a barrel, while Brent crude increased by 20¢ to $116.23...

Vietsovpetro to Increase Output from Vietnamese Offshore Blocks
19 July 2011 Vietsovpetro, a joint venture of PetroVietnam and Russia's Zarubezhneft, is to increase production from its offshore exploration blocks in Vietnam. Output will rise to 140,600 barrels of...

Lundin Petroleum Begins Drilling Cempulut Prospect
19 July 2011 Lundin Petroleum has started drilling operations in the Cempulut prospect, offshore Sabah in East Malaysia. The well will be drilled in block SB303, in water depths of up to 1,031m, with...

CB&I Secures $2.3bn Gorgon Project from Chevron
18 July 2011 Chevron Australia has awarded CB&I a $2.3bn contract to carry out mechanical, electrical and instrumentation work on the Gorgon Project on Barrow Island, Western Australia. Work under...

SBM Offshore Granted $1bn Loan to Build FPSO Cidade de Paraty
18 July 2011 An SBM Offshore joint venture has secured a loan of $1bn for the construction of the floating production, storage and offloading (FPSO) Cidade de Paraty. The FPSO will be owned and operated...

Oil Markets Fall on Possible IEA Stock Release
18 July 2011 Oil prices fell this morning over anticipations that the International Energy Agency (IEA) may release crude stocks for the second time. US crude fell by 22¢ to stand at $97.02 a...

ONGC to Resume Production at Indian Offshore Fields
18 July 2011 State-owned Oil & Natural Gas Corp (ONGC) is to start production from the GS15 and North Tapti offshore gas fields in India. The GS15 area, which is located offshore India's east coast,...

BP to Redevelop Schiehallion, Loyal Oilfields
15 July 2011 BP and its joint venture partners are to invest £3bn in redeveloping the Schiehallion and Loyal oilfields, which lie to the west of the Shetland Islands, UK. The fields have an estimated...

Oil Gains on Weak Dollar and Euro Debt Fears
15 July 2011 Oil prices rose this morning as the dollar weakened and concerns about the eurozone debt continued. US crude gained 15¢ to stand at $95.84 a barrel, while Brent crude for September rose...

Keppel Delivers Drill Rig to Rowan Companies
15 July 2011 Keppel FELS shipyard in Singapore has delivered the Rowan Norway deepwater jack-up rig to Rowan Companies. Exploration and development company Xcite Energy will use the OHT Hawk heavylift...

McDermott Secures Kikeh EPC Contract
15 July 2011 McDermott has won a contract from Murphy Oil to provide engineering, procurement and construction (EPC) services for the installation of a pipeline for the Kikeh subsea expansion project...

Statoil Signs Charter Agreement with Songa Offshore
14 July 2011 Statoil has signed a new charter agreement with Songa Offshore to secure a semi-submersible rig for drilling activities at the Troll field on the Norwegian Continental Shelf. Under...

CNOOC Resumes Suizhong Operations After Oil Leak
14 July 2011 China National Offshore Oil Corporation (CNOOC) has resumed operations at the Suizhong 36-1 oilfield, after completing the clean-up of an oil leak in Bohai Bay. The field was shut down...

Lundin Petroleum Makes New Gas Discovery Offshore Malaysia
14 July 2011 Lundin Petroleum has made a new gas discovery in the Tarap-1 well of block SB 303, offshore Sabah, East Malaysia. The well was directionally drilled to a depth of 2,675m in water depths of...

Oil Steadies as US Rating Goes Under Review
14 July 2011 Oil prices remained steady this morning after Moody's Investors Service placed the US credit rating under review for a downgrade. US crude for August climbed 2¢ to stand at $98.07,...

Marlink to Install Sealink Services on Songa Rigs
13 July 2011 Maritime satellite communications firm Marlink is to deliver and install its Sealink C-band VSAT services on Songa's semi-submersible rigs, including Songa Eclipse, under a new contract. ...

DOF Subsea Awarded Eni FPSO Installation Contract
13 July 2011 DOF Subsea Norway has secured a Nkr300m ($55m) contract to carry out installation work on Eni's Goliat FPSO, offshore Norway. Work under the contract includes the fabrication and...

BMT to Provide MIS Solution for Shell Offshore
13 July 2011 Shell Offshore has selected BMT Scientific Marine Services to provide a marine instrumentation system (MIS) to Olympus TLP, a proposed tension leg platform in the Gulf of Mexico. The...

Oil Markets Drop on Stock Gains and Irish Junk Rating
13 July 2011 Oil prices fell this morning due to a sudden gain in US crude stocks and Ireland's diminished credit rating, which led to concerns about decreasing demand. US crude fell by 39¢ to stand...

Lundin Makes New Gas Discoveries on Skalle Prospect
12 July 2011 Lundin Norway has completed the drilling of well 7120 / 2-3S on the Skalle prospect and has made gas discoveries in three separate zones. The well, which is located about 25km north of...

MEO Awarded AC / P53 in Timor Sea
12 July 2011 MEO Australia has received a new exploration permit in the Ashmore Cartier region of the Timor Sea. The AC / P53 permit covers 504km² and lies next to MEO's AC / P50 and AC / P51 permits. ...

Oil Markets Struck by Eurozone Woes
12 July 2011 Oil prices were lower this morning as pledges to contain the spread of the eurozone debt crisis failed to ease concerns about falling energy demand. US crude dropped 44¢ to stand at...

Antrim Energy to Farm Out 50% of Erne Prospect
12 July 2011 Antrim Energy has signed a heads of agreement with Premier Oil to farm out a portion of its Erne Prospect, which is located in the Greater Fyne Area of the Central North Sea. Premier will...

Oil Prices Drop on Low Demand Fears
11 July 2011 Oil prices fell today due to a fall in China's crude imports and disappointing US economic data, raising concerns about lower demand from these countries. US crude dipped by 39¢ to stand...

Wood Group Secures Chevron ETLP Contract
11 July 2011 Wood Group has secured a three-year contract from Chevron for the installation of the Big Foot extended tension leg platform (ETLP), offshore the Gulf of Mexico. The ETLP will be commissioned...

Dragon Oil Completes Dzheitune (Lam) B / 157 Well Testing
11 July 2011 Dragon Oil has completed drilling and testing the Dzheitune (Lam) B / 157 development well on its offshore acreage in the Turkmenistan sector of the Caspian Sea. The well, drilled to a depth...

Rockhopper Secures Additional Drill Slot for Ocean Guardian Rig
11 July 2011 Rockhopper Exploration has extended its drill programme on the Falklands basin by signing an assignment agreement to secure an additional well slot on the Ocean Guardian drilling rig. ...

Oil Prices Fall as Markets Await Jobs Report
08 July 2011 Oil prices fell this morning ahead of the US jobs data report, which is expected to provide an insight into the pace of economic recovery. US crude fell by 16¢ to stand at $98.51 a...

OMV Receives Exploration Permit for Taranaki Basin Prospect
08 July 2011 Austria-based OMV has received a petroleum exploration permit to begin 2D and 3D seismic acquisition and reprocessing studies at the offshore Taranaki basin in New Zealand. The work will...

McDermott Wins Macedon Engineering Contract
08 July 2011 McDermott International's Australian subsidiary has secured a deepwater offshore engineering and construction project for BHP Billiton's Macedon project in Australia. Work under the...

GE Secures Chevron Tension Leg Platform Contract
08 July 2011 GE Oil & Gas, through its drilling and production business, has secured a $45m contract to supply a tension leg platform (TLP) marine riser tensioner system to Chevron. A TLP will be employed...

TGS to Conduct 3D Seismic Survey in Magnus Basin
07 July 2011 TGS-NOPEC Geophysical Company is to commence a 3D multi-client survey over 1,100km² of the Magnus basin, offshore Norway. The survey includes reprocessing 6,500km² of 3D seismic...

FMC Technologies Secures Statoil Subsea Equipment Contract
07 July 2011 FMC Technologies has secured a $43m contract from Statoil to manufacture and supply subsea workover adapters. Work under the contract includes the provision of eight workover adapters...

Centrica Receives Approval to Conduct North Sea Exploration
07 July 2011 Centrica Energi has received approval to conduct exploration activities on well 8 / 10-4S in production licence 405, in the North Sea. The site has a water depth of 66m and is located...

Oil Prices Rise on Tight US Crude Stocks
07 July 2011 Oil prices climbed this morning due to a fall in US crude inventories. US crude rose by 59¢ to stand at $97.24 a barrel, while ICE Brent crude climbed 44¢ to $114.11 a barrel. ...

Petrobras Makes Oil Discoveries in Espirito Santo Basin
06 July 2011 Petroleo Brasileiro (Petrobras) has made two new oil and gas discoveries in the Espirito Santo basin in concession area BM-ES-23, in Brazil. The company encountered the discoveries...

Oil Prices Climb on Tight Supplies
06 July 2011 Oil prices rose this morning due to tighter US crude stocks. US crude increased by 50¢ to stand at $97.36 a barrel, while ICE Brent crude climbed 27¢ to $113.88 a barrel. ...

Ithaca Restores Jacky Field Production
06 July 2011 Ithaca Energy has restored stable production from the J01 well in the Jacky field, which is located in the UK sector of the North Sea. J01 reached 3,120 barrels of oil per day following...

Karoon Gets Green Light to Start Drilling Browse Basin
06 July 2011 Australia's Karoon Gas has received approval from the federal government to begin drilling at three blocks in the Browse Basin project, offshore Western Australia. The $800m drilling...

Seadrill Acquires Stake in Asia Offshore Drilling
05 July 2011 Seadrill has acquired a 33.75% interest in Asia Offshore Drilling for $54m through a private placement. Mermaid Maritime Public Company established Asia Offshore Drilling in late 2010 when...

OGX Discovers Hydrocarbons in Santos Basin
05 July 2011 OGX Petroleo e Gas Participacoes (OGX) has made a new hydrocarbons discovery in the Santonian section of the 1-OGX-47-RJS well, in block BM-S-59 of the Santos Basin, offshore Brazil. The...

Petrovietnam to Double Output from Vietnam Field
05 July 2011 Petrovietnam is to start production from its jacketed Te Giac Trang field in block 16-1, offshore Vietnam, doubling its output to 95,000 barrels per day. Soco International, which has a...

Weakening Economy Bears Down on Oil Markets
05 July 2011 Oil prices dipped this morning due to concerns over a weakening global economy. US crude fell by 23¢ to stand at $94.71 a barrel, while ICE Brent crude fell 25¢ to $111.14 a...

Oil Prices Climb on Weak Dollar
04 July 2011 Oil prices rose today due to a weak US dollar that lost ground as the euro traded near a three-week high. US crude was up 50¢ to stand at $95.44 a barrel, while ICE Brent crude...

Teekay Secures Knarr FPSO Project from BG Group
04 July 2011 Canada-based Teekay has signed an agreement with BG Norge to supply a floating production, storage and offloading (FPSO) unit for the Knarr oil and gas field in the North Sea. Under...

Seabird to Conduct Seismic Survey on Bonaparte Basin
04 July 2011 Australia's Octanex, through its subsidiary Goldsborough Energy, has awarded Seabird Exploration a contract to carry out 2D and 3D shoots over four permits in the South Bonaparte basin,...

Repsol Makes New Oil Discovery in Campos Basin
04 July 2011 Repsol Sinopec has made a new oil discovery in the 1-REPF-11A-RJS (Gavea) well in the Campos Basin, offshore Brazil. The Repsol-operated well is located 190km off the coast of Rio de Janeiro. ...

Hallim Marine Secures Cendor Inspection and Repairs Contract
01 July 2011 Hallin Marine has received a contract to provide inspection, repairs and maintenance services for the Cendor mobile offshore production unit. The company will provide saturation...

Exillon Discovers Oil in Siberia's EWS Field
01 July 2011 Exillon Energy has made a new oil discovery in exploration well 4 (EWS-10274), which was drilled to test the area between the EWS I and EWS II fields in West Siberia. The company encountered...

Oil Prices Dip on Slow Chinese Manufacturing
01 July 2011 Oil prices fell today as manufacturing in China hit a 28-month low, raising concerns about decreasing oil demand from the country. US crude fell by 60¢ to stand $94.82 a barrel, while...

Vietsovpetro Makes New Oil Discovery in Bach Ho Field
01 July 2011 Vietsovpetro has made a new discovery in the Bach Ho field, which is located offshore the Mekong Delta of Vietnam. The 4,560 barrels per day oil flow was encountered at a depth of 3,396m,...

June 2011

Top

Inpex Receives Approval for $20bn LNG Project
30 June 2011 INPEX has received environmental approval for the proposed $20bn Ichthys LNG project, which will be located in Australia's Browse Basin A. The approval from the federal government will...

Salamander Energy Makes Oil Discovery in East Terrace Prospect
30 June 2011 Salamander Energy has made a new oil discovery in the East Terrace prospect, offshore Thailand. The prospect was drilled using the Ocean Sovereign jack-up rig located on the Bualuang...

Oil Prices Fall on Lower Crude Stocks
30 June 2011 Oil prices rose this morning as a result of a drop in US crude stocks. US crude rose by 60¢ to stand at $95.37 a barrel, while ICE Brent rose 10¢ to $112.50 a barrel. The rise...

FMC Secures Prelude Subsea Equipment Contract
30 June 2011 FMC Technologies has won a contract from Shell Development to supply subsea production and associated topside systems for the development of the Prelude field in Australia. Under the...

Technip Wins North Sea Development Contract
29 June 2011 Technip has secured a €70m contract from Endeavour Energy UK for the East Rochelle development in the North Sea, UK. Technip will provide services including project management...

Oil Prices Steady on Stock Level Falls
29 June 2011 US crude held near $93 a barrel after industry data showed a larger-than-expected drop in crude stocks and a surprise fall in petrol inventories. US crude for August fell by 2¢ to stand...

Lundin Confirms Extension of Avaldsnes Field
29 June 2011 Lundin Norway has made a new oil discovery from first appraisal well 16 / 3-4, confirming the extension of the Avaldsnes field. The 16 / 3-4 well was drilled to the south-east of the 16 /...

Dockwise Secures 11 Offshore Contracts
29 June 2011 Dockwise has revealed details of 11 international contracts totalling $42m. The contracts include: the transportation of dredging equipment to Spain and Uruguay; a Power Barge and jack-up...

Gulf Drilling Buys Ensco Jack-Up Rig
28 June 2011 Gulf Drilling International (GDI) has purchased Ensco-95, a jack-up drilling rig from British Ensco Offshore International for an undisclosed sum. Ensco-95 is a three-legged rig capable...

Petrobas Reschedules Cascade-Chinook Project
28 June 2011 Petrobras has delayed the start of oil production from its Cascade-Chinook deepwater oil development in the US Gulf of Mexico to the end of this year. The development is located 165...

INPEX Reveals Ichthys LNG Deals
28 June 2011 INPEX has signed several deals to sell 8.4 million tonnes per year liquefied natural gas (LNG) from its Ichthys Project in Australia. The company signed agreements with Chubu Electric...

Oil Market Rebounds on Greek Debt Agreement
28 June 2011 US crude climbed to $90.97 a barrel after French banks proposed to rollover Greek debt, resulting in a stronger euro and decreasing concerns about the Greek debt crisis. US crude rose...

Otto Energy Completes Philippines 3D Seismic Data Studies
27 June 2011 Otto Energy has completed its 3D seismic data acquisition programme in block SC69, offshore Visayas, in the Philippines. The company said its marine operation had acquired over 210...

Samsung Heavy Industries Extends Contract with Pacific Drilling
27 June 2011 Samsung Heavy Industries has signed an agreement with a subsidiary of Pacific Drilling to extend its contract for the construction of a seventh ultra-deepwater drillship. The...

AGR Wins Drilling Service Contract for Eni Fields
27 June 2011 AGR Drilling Services has signed a contract with Eni Norge to use its technology at Eni's multi-well projects in the Barents and Norwegian seas. AGR's cutting transportation system will...

Oil Prices Dip on Greek Austerity Vote
27 June 2011 Oil prices fell this morning as the US dollar surged ahead of a vote by Greece to clear unpopular fiscal austerity measures. US crude dropped by 55¢ to stand at $90.61 a barrel, while...

Pearl Energy to Develop Ruby Gas Field
24 June 2011 Mubadala Development Company subsidiary Pearl Energy will invest $350m in the development of the Ruby natural gas field in Indonesia. Indonesia's Upstream Oil and Gas Executive Agency...

Pemex to Acquire Offshore Platforms in Gulf of Mexico
24 June 2011 Petroleos Mexicanos (Pemex) is to acquire eight offshore oil platforms worth more than $1.2bn in the southern Gulf of Mexico. The company will use the rigs for the drilling,...

Seadrill to Sell West Janus Rig to Harrington
24 June 2011 Seadrill has signed an agreement with Dubai-based Harrington to sell its West Janus jack-up drill rig for $73m. The company is expected to gain more than $50m with the rig's sale. ...

Oil Prices Recover as Markets Wait for IEA Emergency Stocks
24 June 2011 Oil prices rebounded this morning as traders try to gauge how much supply would reach the market after the International Energy Agency announced that it would release emergency stockpiles,...

ONGC to Invest $1.7bn in Krishna-Godavari Gas Field Development
23 June 2011 India's Oil and Natural Gas Corporation (ONGC) is to invest $7.7bn in developing a gas field in the Krishna-Godavari basin. The company plans to produce up to 30 million standard cubic...

Oil Prices Fall on Dollar Gain
23 June 2011 Oil prices fell this morning due to a rise in the US dollar that overshadowed a decline in US petrol stockpiles. US crude dropped $1.13 to stand at $94.29 a barrel, while Brent fell 83¢...

Saipem Secures New Drilling Contracts
23 June 2011 Italian oil and gas contractor Saipem has secured new offshore and onshore drilling contracts worth $600m. Addax Petroleum assigned Saipem a contract extending the charter of Scarabeo 3,...

Repsol to Drill First Offshore Well in Guyana
23 June 2011 Repsol is to invest $110m in drilling its first offshore well in the Guyana Basin. The company brought heavy-duty equipment to drill at Guyana and is targeting an area that is expected...

US Crude Dips on Steady Stocks Report
22 June 2011 US crude oil prices fell after an industry report showed that stocks remained unchanged. US crude lost 53¢ to stand at $93.64 a barrel, while Brent crude for August increased 25¢...

Statoil Encounters Oil in Peregrino South
22 June 2011 Statoil has made new oil discoveries with two sidetracks drilled on its Peregrino South structure in Brazil's pre-salt play. Recoverable volumes of 150 million to 300 million barrels of...

Petrobas Acquires West African Offshore Blocks
22 June 2011 Petroleo Brasileiro (Petrobas) subsidiary Petrobras Participaciones has acquired a 50% interest in the Ntsina Marin and Mbeli Marin blocks in Africa from Ophir Energy for an undisclosed...

Aker Solutions Secures Statoil EPCI Contract
22 June 2011 Aker Solutions has won an engineering, procurement, construction and installation (EPCI) contract from Statoil to provide subsea compression topside modifications on the Asgard field off...

Aker to Supply Deepwater Drillship to Daewoo
21 June 2011 Aker Solutions has secured a NOK540m ($97.73m) contract from Daewoo Shipbuilding & Marine Equipment to provide a complete drilling equipment package for a new deepwater drill ship. ...

Maersk Oil to Invest $1bn to Develop the Golden Eagle Area
21 June 2011 Maersk Oil plans to invest $1bn in the field development plan for the Golden Eagle Area in the UK North Sea. Maersk holds a 31.56% of non-operating interest in the Golden Eagle Area,...

US Crude Climbs to $93.65 a Barrel
21 June 2011 US crude climbed to $93.65 a barrel today, due to bargain hunting after losses in the previous session. US crude rose by 39 cents to $93.65 a barrel, while Brent LCOc1 fell by 58 cents...

ConocoPhillips to Explore Deepwater Blocks in Bay of Bengal
21 June 2011 ConocoPhillips signed a production sharing contract with the Government of Bangladesh and Petrobangla, covering two blocks in the deepwater area of the Bay of Bengal. Blocks DS-08-10...

US Crude Falls to $92.29 a Barrel Over Greece Debt Concerns
20 June 2011 US crude dipped to $92.29 a barrel due to concerns over the debt crisis in Greece and a weak economic outlook for the US. US crude lost 72 cents to a barrel, while Brent crude for August...

Parker Hannifin Secures Mooring Equipment Contract
20 June 2011 Parker Hannifin has secured a contract from Subsea 7 to supply mooring equipment for the Guara and Lula North East deepwater project off Brazil. Under the contract, Parker will provide a...

Chevron Receives EPA's Approval for LNG Project
20 June 2011 Chevron's $25bn Wheatstone liquefied natural gas (LNG) project, offshore the north-west coast of Australia, has received conditional approval from Western Australia's Environmental...

GE Secures Service Contract from Petrobas
20 June 2011 GE Oil & Gas has secured a four-year service contract worth $120m from Petroleo Brasileiro (Petrobras) to carry out repairs, maintenance and retrofits on Petrobras' fleet of subsea...

GE Secures Subsea Equipment Contract from Petroleo Brasileiro
17 June 2011 GE Oil & Gas's Wellstream business has received a long-term, flexible pipe and subsea equipment logistics services contract worth $200m from Petroleo Brasileiro (Petrobras). Under the...

NZOG Receives a Permit in Gulf of Gabes
17 June 2011 Tunisia's Minister of Industry and Technology has granted a permit to New Zealand Oil & Gas (NZOG) in the Mediterranean's Gulf of Gabes, off the coast of Tunisia. The company said it...

US Crude Stays at $94.95 a Barrel Despite Greek Debt Crisis
17 June 2011 US crude remained stable at $94.95 a barrel as investors evaluated the impact of the Greek debt crisis on risk aversion. Brent crude for August LCOc1 slipped 5 cents to $113.97 a barrel...

Diamond Offshore's Ocean Monarch to Leave Gulf of Mexico for BP
17 June 2011 Diamond Offshore's deep-water Ocean Monarch will leave the Gulf of Mexico to work for BP in Vietnam. The rig is working for Marathon Oil on a day rate of about $290,000 and will earn...

Harvest Natural Reports Oil Discovery Offshore Gabon
16 June 2011 Harvest Natural Resources has encountered a new oil discovery in the wildcat well Dussafu Ruche Marin-1 (DRM-1), offshore Gabon. The company encountered 5ft of pay in a 90ft oil column in...

Swire Oilfield Services Announces Planned Investments
16 June 2011 The UK's Swire Oilfield Services will invest £50m this year in rental fleet units and support infrastructure. About £20m will be spent on the company's North Sea operations and the...

Peritus Launches New Offshore Field Development Business
16 June 2011 Peritus International has launched its field development business to offer customised engineering and project management services for field development and transportation systems for its...

US Crude Dips to $99.25 a Barrel as Dollar Strengthens
15 June 2011 US crude fell to $99.25 a barrel as the Dollar strengthened after Eurozone ministers failed to reach an agreement over a second bailout package for Greece. Brent crude for August LCOc2 shed...

Sapeim Secures Contracts Worth $1bn in Egypt, North Sea and Russia
15 June 2011 Sapeim has secured engineering and construction contracts worth $1bn in Egypt, the North Sea and Russia. In Egypt, Burullus Gas Company selected Saipem to provide engineering,...

Statoil Receives Approval to Develop Visund South Field
15 June 2011 Statoil has received approval from the Norwegian Ministry of Petroleum and Energy to develop and operate the Visund South fast-track project located 10km from the Gullfaks C and Visund A...

Keppel to Build Semi-Submersible Rig for Floatel
15 June 2011 Keppel FELS has secured a contract worth $260m from Floatel International to build a new-generation accommodation semi-submersible drill rig that can house 500 people. Keppel O&M's...

China's Industrial Output Impacts US Crude Oil Price
14 June 2011 US crude oil dipped to $97.16 a barrel after China's industrial production grew at a faster than expected rate in May. Brent crude for July LCOc1 climbed 19 cents to $119.29 a barrel while...

Total Begins Drillings Operations in North Sea
14 June 2011 Total has begun the development of the Ekofisk South and Eldfisk II projects in the southern-Norwegian North Sea on Production Licence (PL) 018. Work on the Ekofisk South project includes a...

Keppel to Supply Semi-Submersible Drill Rig to Seadrill
14 June 2011 Keppel FELS has secured a contract worth $142m from Seadrill to build a repeat semi-submersible drilling tender (SSDT). The new drill rig will feature a crane capacity of 250t, four mud...

Statoil Receives Approval for Valemon Field Development
14 June 2011 Statoil has received approval from the Norwegian parliament for the NOK20bn ($3.68bn) development and operation of the Valemon gas and condensate field in the North Sea. Recoverable reserves...

ExxonMobil Makes Oil and Gas Discoveries in Gulf of Mexico
13 June 2011 ExxonMobil has made two new oil discoveries and one gas discovery in the Gulf of Mexico. The KC919-3 wildcat well, the first post-moratorium deepwater exploration well, is located 250...

US Crude Falls to $98.94
13 June 2011 US crude oil dipped to $98.94 a barrel, over concerns about a sluggish global economic recovery. Japan's core machinery orders fell in April adding to doubts about the pace of global...

Shell to Develop Gulf of Mexico Discovery
13 June 2011 Shell is planning a multi-billion dollar investment for the development of its Cardamom oil and gas field in the Gulf of Mexico. The field is estimated to produce 50,000 barrels of...

Woodside Awards Mermaid Marine Two Offshore Support Vessel Contracts
13 June 2011 Mermaid Marine Australia has received two contracts worth A$60m (US$63.63m) for the charter of two offshore support vessels for Woodside's FPSO operations in the North West Shelf of...

US Crude Rises to $102.15 Barrel
10 June 2011 US crude rose to $102.15 barrel due to better than expected US trade deficit results, which boosted equities and commodities. ICE Brent for July delivery LCOc1 rose 31¢ to $119.88...

Canadian Overseas Petroleum Signs Farm-In Agreement with SSE
10 June 2011 Canadian Overseas Petroleum has signed a farm-in agreement with SSE E&P UK through its subsidiary, Canadian Overseas Petroleum (UK), to acquire 50% of SSE's working interest in North...

Otto Energy Begins 3D Seismic Data Acquisition in the Philippines
10 June 2011 Otto Energy has begun a 3D seismic data acquisition programme in Service Contract 69 in the Visayan Basin of the Philippines. The company plans to acquire about 210km² of 3D seismic...

Hess Makes Oil Discovery Offshore of Ghana
10 June 2011 Hess has made a new condensate discovery in the Paradise-1 exploration well in the Deepwater Tano / Cape Three Points licence offshore of Ghana. The well has an estimated 490 net feet of oil...

BHP First to Bring Deepwater Production Well Online in Shenzi Field
09 June 2011 BHP Billiton Petroleum has become the first operator to bring the newly drilled deep water SB-201 well, in the Shenzi field off the Gulf of Mexico, into production, the company has...

Coastal Energy Reports Discovery at Bua Ban North
09 June 2011 Coastal Energy Company has encountered 64ft of net pay in the Miocene objective with average porosity of 27% at the Bua Ban North B-04 appraisal well offshore Thailand. The well, which...

FMC to Supply Subsea Production Equipment to Statoil
09 June 2011 FMC Technologies has secured a contract worth $50m from Statoil to manufacture and supply subsea production equipment to support the Visund Nord offshore development. Visund Nord oil and...

US Crude Climbs to $101.40 a Barrel After OPEC Meeting
09 June 2011 US crude has climbed to $101.40 a barrel, after the Organization of Petroleum Exporting Countries (OPEC) denied Saudi Arabia's plans to increase oil output at a meeting yesterday. US crude...

Tullow Oil Makes New Ghanian Oil Discovery
08 June 2011 Tullow Oil has made a new oil discovery in the Banda-1 exploration well in the West Cape Three Points licence, offshore Ghana. The Banda-1 well is situated 9.6km south-east of the...

US Crude Falls to $98.64 a Barrel
08 June 2011 US crude has fallen to $98.64 a barrel ahead of the Organization of Petroleum Exporting Countries meeting today in Vienna, Austria, where members are expected to arrive at a decision on global...

Statoil Divests Gassled Interest
08 June 2011 Statoil is to sell a 24.1% direct and indirect interest in the Gassled joint venture, the owner of the integrated gas transportation grid and processing facilities on the Norwegian...

KCA Detug to Provide FEED Services for LNG Project
08 June 2011 Woodside Energy has selected KCA Detug as one of two contractors to provide front end engineering and design services for a 3,000HP modular platform drilling rig, which will be used at the...

Lundin Acquires Interest in Malaysian Offshore Block
07 June 2011 Lundin Malaysia, a wholly owned subsidiary of Lundin Petroleum, has signed an agreement with Petronas Carigali to acquire a 75% interest in block PM307, offshore Peninsular Malaysia. ...

US Crude Falls on OPEC Output Hike
07 June 2011 Oil prices fell this morning over an anticipated increase in oil output by OPEC following its meeting on 8 June. US crude fell 57¢ to stand at $98.44 a barrel and Brent crude...

Horizon Oil to Buy Stake in Beibu Gulf Block
07 June 2011 Australia's Horizon Oil has signed an agreement with Petsec Energy to acquire a 25% interest in block 22 / 12 in the Beibu Gulf, offshore China. The company will pay A$38m ($41m) in cash...

Wood Group to Commission Chevron Semi-Submersible Hub
07 June 2011 Wood Group has secured a 42-month contract from Chevron to commission the Jack and St Malo semi-submersible hub production facility 7,000ft deep in the Walker Ridge section of the Gulf of Mexico. ...

US Crude Falls to $100.13 a Barrel Over Demand Concerns
06 June 2011 US crude dipped to $100.13 a barrel on concerns about demand after disappointing jobs data from the US was revealed. The employment rate in the US rose to 9.1% in May from 9% in April,...

Entek Energy Makes New Oil Discovery in Gulf of Mexico
06 June 2011 Australia's Entek Energy has made a new oil discovery in the first well on Vermilion block 342 in the Gulf of Mexico. The preliminary analysis of the finding indicated the well had...

BHP Gets Green Light to Drill Gulf of Mexico Well
06 June 2011 BHP Billiton has received a permit from the US Bureau of Ocean Energy Management, Regulation and Enforcement to drill a deepwater well at its Shenzi Project in the US Gulf of Mexico. ...

SapuraCrest Ventures Gains Stake in Labuan Shipyard
06 June 2011 SapuraCrest Ventures has acquired a 50% interest in the Malaysia-based Labuan Shipyard and Engineering from shareholder Realmild for an undisclosed sum. The company said it would...

Statoil Gets Green Light for Drill Rig Use in the North Sea
03 June 2011 Statoil has received permission to employ the Bideford Dolphin drill rig in the North Sea. The work includes drilling, sidetrack drilling, plugging, completion and well interventions at...

Horizon Oil Increases Stake in PNG Licence
03 June 2011 Australia's Horizon Oil has acquired an additional 10% stake in PRL 21, offshore Papua New Guinea, from its joint venture partner Elevala Energy. The transaction increases Horizon's stake...

SNC-Lavalin Wins Venezuela Contract
03 June 2011 Canada's SNC-Lavalin has secured a contract from Petroleos de Venezuela to provide front-end engineering and design services for its Rio Caribe-Mejillones gas-condensate development...

US Crude Falls on Steady Dollar
03 June 2011 US crude oil prices fell today as the dollar steadied while investors await US non-farm payroll data. US crude oil fell by 1¢ to stand at $100.37 a barrel, while Brent oil...

Chevron Awards Gulf of Mexico Contract to Aker Solutions
02 June 2011 Chevron has selected Norwegian firm Aker Solutions to supply three subsea production control umbilicals for its Jack and St Malo field developments in the Gulf of Mexico. Aker will supply...

Lundin Resumes Production at Norway Fields
02 June 2011 Lundin Petroleum has resumed production at its Alvheim and Volund fields off the coast of Norway following two weeks of maintenance work. Marathon Petroleum carried out preventative...

Seadrill Wins PTTEP Jack-Up Rig Contract
02 June 2011 Seadrill has secured a $35m contract from PTTEP in Thailand to supply its West Leda jack-up rig for a firm period of nine months. Work is scheduled to begin in the second quarter of 2011 in...

Oil Prices Fall on US Stocks Increase
02 June 2011 Oil prices fell this morning due to the sudden rise in US crude stocks and weak economic data. US crude dropped 89¢ to stand at $99.41 a barrel, while Brent oil fell by 68¢ to...

Alliance Engineering Wins Noble Energy Tamar Contract
01 June 2011 Alliance Engineering has secured a contract from Noble Energy to provide engineering and design services for the Tamar Platform Project, offshore Israel. Noble Energy is the operator of...

US Crude Rises on Yemen, Libya Unrest
01 June 2011 The price of US crude rose this morning amid civil unrest in Yemen and Libya, and the threat of supply disruptions. US crude gained 21¢ to stand at $102.91 a barrel, while Brent...

Cosco to Supply Drill Rigs for Sevan
01 June 2011 Cosco Shipyard has received orders from Sevan Drilling to supply two cylindrical ultra-deepwater drilling rigs worth $525m each. The contract follows a letter of intent signed in March 2011...

Total to Acquire 25% Interest in Qatari Block BC Licence
01 June 2011 Total has signed an agreement with CNOOC Middle East (Qatar) for the acquisition of a 25% interest in Qatar's block BC exploration licence for an undisclosed sum. The offshore block, covering...

May 2011

Top

Oil Prices Rise on Likely Greek Bailout Package
31 May 2011 The price of US crude rose this morning as the dollar weakened on improved prospects of a bailout for debt-laden Greece. US crude gained 53¢ to stand at $101.12 a barrel, while Brent...

Pemex Makes New Discovery in Gulf of Mexico
31 May 2011 Petroleos Mexicanos (Pemex) has made a new oil discovery in a deepwater well in the Gulf of Mexico. The initial tests gave a preliminary estimate of reserves in the deposit amounting to...

Santos to Invest in Bangladeshi Drilling Activities
31 May 2011 Santos International is to invest $100m in a three-well drilling programme offshore Bangladesh. The announcement follows a recent decision by the Bangladeshi Government to allow the...

Buckskin Prospect Receives US Deepwater Drilling Permit
31 May 2011 Chevron has received a drilling permit from the Bureau of Ocean Energy Management, Regulation and Enforcement to restart drilling in the Buckskin prospect of the US Gulf of Mexico. Maersk...

Weak Dollar and Middle East Tensions Buoy Oil Prices
27 May 2011 Oil prices rose this morning as the dollar weakened and continuous tension in the Middle East lead to demand concerns. US crude rose by 65¢ to stand at $100.88 a barrel, while Brent...

Statoil Increases Indonesian Exploration Portfolio
27 May 2011 Statoil has increased its presence in Indonesia by exercising farm-in options in three exploration licences. The company will acquire a 40% equity interest in a North Makassar Strait...

Santos Discovers Oil in Carnarvon Basin
27 May 2011 Santos has made a new oil discovery at Finucane South in the Carnarvon Basin, offshore Western Australia. Through well logs and wire line testing, Santos confirmed a net oil column of 18m...

Tullow Oil to Acquire Nuon E&P
27 May 2011 Tullow Oil has signed an agreement with Vattenfall Group for the acquisition of Nuon Exploration and Production (Nuon E&P). This €300m acquisition will expand the company's North...

CIS Wins Nigerian Conductor Installation Services Contract
26 May 2011 The UK's Conductor Installation Services (CIS) has received a contract from Weatherford Nigeria to provide a range of conductor installation services on behalf of two major operators in Nigeria. ...

US Crude Nears $102 a Barrel
26 May 2011 US crude climbed to $101.65 a barrel today, as the dollar weakened and US distillate stocks fell unexpectedly. US crude gained 33¢ to stand at $101.65 a barrel, while Brent crude for...

Keppel to Build B Class Jack-Up Rig for Dynamic Offshore
26 May 2011 Singapore's Keppel FELS has received a $180m contract to construct a KFELS B Class jack-up drilling rig for Vision Drilling, a wholly owned subsidiary of Dynamic Offshore Drilling of India. ...

Eni Secures Indonesia Contract
26 May 2011 Italy's Eni has won a 100% participation interest and operatorship of the Arguni I block in the second Indonesian international bidding round. The block is located in West Papua...

Oil Prices Fall on Below-Target Stocks and Stronger Dollar
25 May 2011 US oil prices dropped this morning as stocks fell to less than last week's forecast and the dollar rebounded against the euro. Brent crude for July was down by 77¢ to stand at to $111.76...

BHP Billiton Commences Drilling in Malaysian Prospect
25 May 2011 BHP Billiton has started exploration activities in Malaysian waters to test the Jujur-1 prospect using the fifth-generation drillship Transocean Deepwater Expedition. The Jujur-1...

Philippines to Launch Fourth Energy Contracting Round
25 May 2011 The Philippines is to launch its fourth Philippine Energy Contracting Round (PECR 4) on 30 June 2011. The contracts include new oil and gas exploration acreage and previously abandoned areas. ...

Woodside Petroleum Makes New Gas Discovery in Xeres-1 Well
25 May 2011 Woodside Petroleum has made a new gas discovery in the Xeres-1 well in the Carnarvon Basin, off Australia's north-west coast. The Xeres-1 well was drilled to a depth of 3,285m,...

Premier Oil Begins Drilling Indonesia's Tuna PSC Area
24 May 2011 Premier Oil has started drilling the first of two offshore exploration wells in the Tuna production sharing contract (PSC) area in Natuna Sea, north of Indonesia. The company is using...

Shell to Develop Australian FLNG Project
24 May 2011 The Board of Royal Dutch Shell is to invest in the Prelude floating liquefied natural gas (FLNG) project in Australia. The project includes the design and construction of a 48m-long...

Gulf Drilling Arranges Funds for Business Expansion
24 May 2011 Gulf Drilling International (GDI) has arranged a $430m credit facility from a syndicate of banks formed by Qatar National Bank (QNB), Samba Financial Group and the International Bank of...

Oil Prices Rise Despite European Debt Woes
24 May 2011 Strong oil demand overriding concerns about Europe's debt crisis led to an increase in US crude prices this morning. Brent crude for July was up 67¢ to stand at $110.77 a barrel and...

TWMA Wins Total Service Contract Extension
23 May 2011 Total has awarded TWMA a two-year contract extension for continued drilling-waste management services in the UK North Sea. Under this $6.4m contract, TWMA and Total will process and...

US Crude Falls on Eurozone Debt Concerns
23 May 2011 US crude prices dipped this morning as investors flocked to the dollar on concerns over the eurozone debt crisis. US crude fell by $1.40 to stand at $98,70 a barrel, while Brent crude for...

Lundin Norway Confirms 50m Oil Column in Tellus Prospect
23 May 2011 Lundin Norway has completed the drilling of sidetrack well 16 / 1-15A on the Tellus prospect, offshore Norway. The well was drilled to a depth of 1,986m using the Bredford...

North Atlantic Drilling Awarded $100m Rig Contract
23 May 2011 North Atlantic Drilling has won a $100m contract to operate its semi-submersible drilling rig West Alpha on the Norwegian Continental Shelf. The letter of award underlines a...

BG Group Signs Sharing Contracts with the Government of Kenya
20 May 2011 BG Group has inked production sharing contracts with the Government of Kenya for offshore exploration blocks L10A and L10B. BG Group will be the operator of both blocks, which cover an area...

Eni Signs Heron and Blackwood Farm-In Agreement with MEO Australia
20 May 2011 Eni has executed an agreement with MEO Australia to farm-in to the Heron and Blackwood gas discoveries in the NT / P68 permit of the Timor Sea, northern Australia. Eni will be the...

Diamond Offshore Secures Drillship Orders
20 May 2011 Diamond Offshore Drilling has secured two-term drilling contracts from Anadarko Petroleum for two newbuild ultra-deepwater drillships. The Ocean BlackHawk and Ocean BlackHornet drillships...

US Crude Climbs to $99 a Barrel
20 May 2011 US crude climbed to $98.85 a barrel today after investors took yesterday's oil price dip as an opportunity to snap up greater quantities of crude. US Crude gained 41¢ to $98.85, while...

Prices Fall on Lower US Stocks
19 May 2011 The price of US crude steadied this morning after falling to almost $100 a barrel after a sudden decrease in US crude stocks. US crude for June delivery dipped 19¢ to stand at $99.91...

KPOC to Develop Malaysia's Kebabangan Gas Field
19 May 2011 Kebabangan Petroleum Operating Company (KPOC) is to develop the Kebabangan (KBB) gas field, which is located offshore Sabah, Malaysia. KPOC's parent company Petronas Carigali owns a...

Soco Gets Green Light to Develop Te Giac Trang Oilfield
19 May 2011 UK-based Soco has received approval from the Vietnamese Government to develop the Te Giac Trang oilfield. The second phase of development includes the installation of a second...

Faroe Petroleum Acquires Interest in Blane Oilfield
19 May 2011 Faroe Petroleum has bought an 18% stake in the Blane oilfield from ENI UK and ENI ULX. The field is located in P111 block 30 / 3a in the UK North Sea, extending into the Norwegian...

Lundin Petroleum Starts Drilling in Malaysian Offshore Blocks
19 May 2011 Lundin Petroleum has begun drilling the Tarap-1 well in the SB 303 block offshore Sabah, East Malaysia. The Offshore Courageous rig will be used to drill the well up to 70m deep, targeting...

Lundin Petroleum Begins Barents Sea Drilling
18 May 2011 Lundin Petroleum has started drilling exploration well 7120 / 2-3 in PL438 in the Barents Sea, offshore Norway. The well will target the Skalle prospect, which is situated to the north of...

Oil Prices Rise on Lower Petrol Stocks
18 May 2011 US crude prices climbed to almost $98 a barrel this morning due to a sudden decrease in US petrol stocks and a weaker dollar. US crude rose 86¢ to stand at $97.77 a barrel, while...

Kencana to Acquire Allied Marine & Equipment for $132m
18 May 2011 Kencana is to buy underwater services and construction company Allied Marine & Equipment (AME) in a scrip deal for $131.8m. In pursuance to the scrip deal, Kencana will issue 149.25...

Arctic Trove Back on Market after BP Defeat
18 May 2011 UK oil giant BP has lost its bid for a $7.8bn share swap with Russia's Ronseft, opening up the chance for other countries to access lucrative oil reserves in the Russian Arctic. Companies...

Atlantic Petroleum to Acquire Volantis Exploration
17 May 2011 Atlantic Petroleum UK has signed a share purchase agreement to acquire the entire issued share capital of Volantis Exploration. Atlantic will acquire all 15 licences held by Volantis in...

Keppel FELS Wins Standard Drilling Contract
17 May 2011 Keppel FELS has secured a $772m supply contract from Standard Drilling for four repeat KFELS B Class rigs. Delivery of the rigs is expected to take place between the second half of 2013 and...

Oil Prices Fall on Eurozone Debt Concerns
17 May 2011 US crude prices fell this morning due to concerns over eurozone debt issues and an increase in US crude and petrol inventories. US crude fell 41¢ to stand at to $96.96 a barrel, while...

Global Offshore to Procure Two PSVs
17 May 2011 Global Offshore plans to spend $110-112m on the addition of two more platform supply vessels (PSVs) of 4,500dwt each to its fleet. The deliveries are expected to take place within 18-24...

US Crude Falls on Greek Debt Restructuring
16 May 2011 US crude dipped to $98.35 a barrel today due to a rising dollar index based on concerns that Greece may restructure its sovereign debt. US crude fell by $1.24, while Brent crude for June...

W&T Offshore Completes $366m Permian Basin Acquisition
16 May 2011 W&T Offshore has completed the acquisition of 1,500 net acres in the Permian Basin located in West Texas, US, from private sellers for $366m. The company estimates the area has...

US Crude Climbs to $95.41 a Barrel as US Dollar Weakens
16 May 2011 US crude rose to $95.41 a barrel over the weak US dollar and falling US crude inventories. US crude benchmark West Texas Intermediate (WTI) gained 60 cents to $95.41, while Brent crude...

Technip Wins Canadian Subsea Equipment Contract
16 May 2011 Technip has received a contract from Hibernia Management and Development to provide subsea equipment for its Hibernia Southern Extension project in Canada. The project is part of the...

CAMAC Energy Discovers Gas in Chinese Well
16 May 2011 US firm CAMAC Energy has discovered gas at the ZJS-03 well in Ordos Basin in Shanxi Province, China. The well was drilled to a total depth of 1,598m, which confirmed the presence of gas...

Lundin Norway to Start Drilling in Barents Sea
13 May 2011 Lundin Norway has received approval to conduct exploration activities and drill well 7120 / 2-3 in the Barents Sea with the Transocean Leader mobile facility. The well lies in...

BHP Billiton Exercises Philippines Farm-in Option
13 May 2011 BHP Billiton has exercised its option to farm-in to Otto Energy's Service Contract 55 (SC55), located offshore Palawan, the Philippines. Under the option, BHP Billiton will earn a...

Keppel to Supply Jack-Up Rigs to Gulf Drilling
13 May 2011 Keppel FELS has secured contracts worth $393m to build two KFELS B Class Bigfoot jack-up rigs for Gulf Drilling International. The new rigs will be equipped with larger spud cans and feature...

World Demand Sets Bearish Trend on Oil Prices
13 May 2011 The price of US crude fell this morning, influenced by concerns about global crude demand, the strengthening US dollar and debt issues in Europe. US crude dropped 62¢ to stand at $98.35...

Coastal Energy Encounters New Discovery in Gulf of Thailand
12 May 2011 Coastal Energy Company has made a new discovery in the Bua Ban North B-02 well in the Gulf of Thailand. The well, which was drilled to a total depth of 6,513ft, encountered 62ft of net pay...

DSME Wins Vantage Drillship Contract
12 May 2011 Vantage Drilling Company has awarded Daewoo Shipbuilding and Marine Engineering (DSME) a turnkey contract for the construction of an ultra-deepwater drillship named Tungsten Explorer. ...

Asian Demand Drives Oil Rise
12 May 2011 US crude rose to $99.26 a barrel today due to increasing demand for oil in Asia. US crude climbed by $1.06 to stand at $99.26 a barrel, while Brent crude for June gained $1.02 to...

Statoil Makes New Discovery in North Sea Krafla Prospect
12 May 2011 Statoil and partners Det norske oljeselskap and Svenska Petroleum Exploration have made a new oil discovery in the North Sea Krafla prospect. A discovery of between 12.5 million and...

US Crude Climbs to $104.08
11 May 2011 US crude rose to over $104 a barrel due to decreasing oil demand from China. US crude climbed 19¢ to stand at $104.08 a barrel, while Brent crude for June gained 20¢ to $117.82...

Statoil Signs Contract with AGR Drilling Services
11 May 2011 Statoil has signed a two-year contract with AGR Drilling Services, which will supply a riserless mud recovery system. The initial value of the contract is Nkr66m ($12.02m) and includes...

Total Makes New Hydrocarbon Discovery in Angolan Block
11 May 2011 TEPA, a subsidiary of Total and Sociedade Nacional de Combustiveis de Angola (Sonangol), has made a new discovery in the north-east area of block 17 / 06, offshore Angola. The Canna-1 well...

Cue Energy Resources Acquires Zeebries 3D Seismic Survey
11 May 2011 Cue Energy Resources has completed the acquisition of the Zeebries 3D seismic survey in the WA-409-P and WA-359-P permits of the Carnarvon Basin, offshore Western Australia. The surveys...

US Crude Falls to $101 on CME Price Hike
10 May 2011 US crude fell to $101 a barrel today, following CME Group's 25% rise in trading margins for US crude futures. US crude dipped by $1.55 to stand at $101 a barrel, while Brent crude fell $1.38...

Statoil Selects Subsea 7 for Marine Installation
10 May 2011 Statoil has awarded Subsea 7 a contract for the development of the Fossekall / Dompap discoveries off the coast of Helgeland in northern Norway. Under the Nkr970m ($176.38m) contract, Subsea...

SeaBird's Aquila Explorer Commences 4D Survey in Australia
10 May 2011 SeaBird Exploration's Aquila Explorer has begun a short 4D survey in Australia for an unknown oil exploration company. Following this survey, Aquila Explorer will start a multi-client survey...

Qatar Petroleum Signs Agreement with JX Nippon
10 May 2011 Qatar Petroleum has signed a 30-year agreement with JX Nippon for the exploration and production of gas off Qatar's north-east coast. JX Nippon CEO Makoto Koseki said the company pledged...

Woodside Makes New Oil Discovery in Greater Laverda, Australia
09 May 2011 Woodside has discovered 18m of new oil-bearing sands in its Laverda North-2 well, which has been drilled to 2,300m deep. The Greater Laverda area is located in WA-36-R in Western...

US Crude Rises to $98.80 a Barrel
09 May 2011 US Crude has risen to $98.80 a barrel due to the decreasing supplies of oil and a weaker dollar. US crude has risen by $1.62 to $98.80 a barrel while Brent crude LCOc1 for June rose by $1.39...

Paradigm Flow Solutions Launches New Subsea Technology
09 May 2011 Paradigm Flow Solutions has unveiled Pipe-Pulse, a patented technology to improve the removal process of subsea blockages. The new technology is a remote, non-intrusive method of locating...

Karoon and Dolphin Drilling Sign LOI
09 May 2011 Karoon has signed a letter of intent (LOI) with Dolphin Drilling for a Blackford Dolphin semi-submersible drilling rig. The rig will be used to drill three wells in Karoon's Santos...

KCA DEUTAG Secures Drilling Contract from Statoil
06 May 2011 KCA DEUTAG has won a tender for a new drilling contract from Statoil to provide drilling services at the Kvitebjorn gas and condensate field on the Norwegian Continental Shelf. The...

Tap Oil to Sell Interest in Carnarvon Basin Permits
06 May 2011 Tap Oil plans to sell a 25% interest in its WA-351-P exploration permit in Western Australia's Carnarvon Basin to Japan Australia (MIMI) for approximately $30m in cash. In addition, MIMI...

Shell Reactivates Exploration Plans for Arctic Waters Off Alaska
06 May 2011 Royal Dutch Shell (RDSAL) has made new drilling plans for the Arctic waters off Alaska after its previous plans failed due to local opposition, litigation and fallout from the Deepwater...

US Crude Climbs to $100.08 a Barrel
06 May 2011 US crude rose to $100.08 as oil rebounded from a record setback in the previous session that wiped as much as 10% from the price. US crude rose by 28¢, while ICE Brent crude for June...

Technip, BP Sign Agreement for Spar Platforms
05 May 2011 Technip has signed a 10-year agreement with BP Exploration and Production to design and construct hulls and mooring systems for spar platforms that will be located in the Gulf of Mexico. ...

US Crude Falls to $108.81 a Barrel
05 May 2011 US crude dipped to $108.81 a barrel due to a sharp increase in US crude inventory. US crude fell by $0.43 to $108.81 a barrel, while ICE Brent crude for June LCOc1 fell $0.09 to $121.10...

FMC Secures $130m Contract from Petrobras
05 May 2011 FMC Technologies has secured a contract worth $130m from Petrobras to supply subsea equipment for the Congro and Corvina fields, located offshore Brazil in the Campos Basin. The company...

Norwest Signs Drilling Contract with Weatherford International
05 May 2011 Norwest has contracted Weatherford International Australia to drill its Arrowsmith-2 well for the EP413 joint venture in the Northern Perth Basin. Weatherford's rig 826 will be mobilised to...

KBR Awarded Subcontractor Deal for South Arne Phase 3
04 May 2011 KBR has been selected as a sub-contractor by Dragados Offshore to provide detailed engineering services on the South Arne Phase 3 Project in the North Sea. The scope of work includes...

GE Launches Offshore Drilling Technologies
04 May 2011 GE Oil & Gas has expanded its range of blow-out preventer (BOP) and remote monitoring and diagnostic (RM&D) technologies for the offshore drilling industry. The newly launched...

US Crude Drops to $110
04 May 2011 US crude dipped to $110.73 a barrel as a result of the sharp rise in US crude oil stocks last week. US crude fell by 32¢ to stand at $110.73 a barrel, while Brent crude for June...

Statoil Seeks Approval for Katla Discovery Development
04 May 2011 Statoil has submitted a plan to the Norwegian Ministry of Petroleum and Energy for the development and operation of the Katla discovery in the North Sea. Total investments at the...

US Crude Falls to $112.93 On Bin Laden Death
03 May 2011 US crude dipped to $112.93 a barrel following the death of al-Qaeda leader Osama bin Laden. US crude fell by 59¢ to stand at $112.93 a barrel, while Brent crude for June shed 53¢...

SBM Offshore Wins $250m Contracts
03 May 2011 SBM Offshore has secured contracts worth $250m to supply an oil loading system and design drilling ships and jack-ups. Work under the first contract includes the engineering, procurement...

DryShips Exercises Options for Samsung Drillships
03 May 2011 Ocean Rig, a DryShips subsidiary, has exercised options to build two ultra-deepwater drillships with a South Korean shipyard. The two vessels are expected to be delivered by July and...

Garware Offshore to Buy PSVs
03 May 2011 Garware Offshore is to invest $110m over 18 months in acquiring two large platform support vessels. The company will raise the funds for the planned investment over the next three to six...

April 2011

Top

Dolphin Drilling Signs Brazilian Drilling Deal
28 April 2011 Fred Olsen Energy's subsidiary Dolphin Drilling has signed a letter of intent to procure the semi-submersible Blackford Dolphin for the drilling of a well, offshore Brazil. Drilling is...

McDermott International Wins Chevron Service Contract
28 April 2011 Chevron has awarded a contract to a McDermott International subsidiary to support the development of the Jack and St Malo fields in the Gulf of Mexico. The contract work includes...

US Crude Climbs to $113.20 on Weak Dollar
28 April 2011 US crude rose to $113.20 a barrel after the US Federal Reserve assessed the economic monetary policy. US crude climbed by 44¢ to stand at $113.20 a barrel, while Brent crude...

W&T to Purchase Permian Basin Acreage
28 April 2011 W&T Offshore has agreed to buy 21,900 acres of oil properties in the Permian Basin in West Texas, US, from private sellers for $366m. The deal is expected to close in the second quarter...

BP Signs Agreement for Gulf of Mexico Restoration Projects
27 April 2011 BP Exploration & Production has signed an agreement with US federal and state agencies to speed up work to restore areas of the Gulf of Mexico affected by the Deepwater Horizon explosion...

Gas Leak Halts Production on Njord Platform
27 April 2011 Production on the Njord platform, offshore Norway, has closed due to operational problems with gaskets in a gas export compressor, according to Statoil. A gas leak was also discovered in one...

FMC to Supply Subsea Systems for Canada Project
27 April 2011 FMC Technologies has secured a contract from Hibernia Management and Development Company (HMDC) to manufacture and supply subsea systems for the Hibernia Southern Extension Project. ...

US Crude Falls to $123.86 a Barrel
27 April 2011 US crude fell to $123.86 a barrel as investors waited for details of the US Federal Reserve's assessment of the economy and its monetary policy stance. US crude dipped by 17¢ to stand...

Chevron Secures Four Blocks in Norwegian Sea
26 April 2011 Chevron Upstream Europe has bid for the exploration rights of four blocks awarded in the Norwegian 21st licensing round. The blocks are situated in the Outer Voring Basin of the Norwegian...

US to Strengthen Offshore Drilling Rules
26 April 2011 The US Department of the Interior plans to propose new rules to strengthen offshore oil drilling safety in a bid to avoid deep water disasters in future. US Interior Department head...

US Crude Falls to $111.2 a Barrel
26 April 2011 US crude dipped to $111.2 a barrel, after Saudi Arabia expressed concerns over oil prices. US crude fell by $1.08 a barrel to $11.28, while Brent crude dropped by 66 cents to $123 a...

BP Accelerates Restoration Projects in Gulf of Mexico
26 April 2011 BP Exploration & Production has signed an agreement with federal and state agencies to speed up work to restore areas of the Gulf of Mexico affected by the Deepwater Horizon oil spill last year. ...

Centrica Signs Contract with Trinidad and Tobago
21 April 2011 Centrica has signed a production sharing contract with Trinidad and Tobago to explore, develop and produce hydrocarbons from the NCMA 4 block offshore the country. Centrica's Trinidad...

US Climbs to $112.60 a Barrel
21 April 2011 US crude climbed up to $112.16 a barrel due to the fall in US crude inventories and a weaker dollar. US crude rose by 71¢ to $112.60 a barrel while ICE Brent crude for June climbed...

Transfield Worley Secures Contract from Woodside
21 April 2011 Transfield Worley Services (TWS) has secured a $65m contract from Woodside to provide hook-up and commissioning (HUC) services for the North West Shelf project's North Rankin B platform...

Songa Offshore Signs Supply Contract with Gazflot
21 April 2011 Songa Offshore has secured a contract with Gazflot for the use of Songa Mercur, a semi-submersible drilling platform. Gazflot will use the Songa Mercur for its upcoming drill...

Subsea 7 Wins $70m Norske Shell Services Contract
20 April 2011 Subsea 7 has secured an order from Norske Shell to provide pipeline installation services for the Ormen Lange northern field development-Mid North Project in the Norwegian Sea. The...

OVL Buys 25% Stake in Kazakh Oil Block
20 April 2011 India's state-run Oil and Natural Gas Corp Videsh (OVL) has purchased a 25% stake in an oil block in Kazakhstan. OVL bought a portion of the Satpayev offshore block in the Caspian Sea under...

US Crude Climbs to $109
20 April 2011 US crude rose to over $109 a barrel this morning, following a rebound in equities and decreasing stocks of US oil products. US crude increased by 75¢ to stand at $109.03 a barrel,...

Norway Awards 24 Oil and Gas Production Licences
20 April 2011 The Norway Ministry of Petroleum and Energy has awarded 24 oil and gas production licences in its 21st offshore licensing round. The licences were divided between the Norwegian Sea and...

Statoil Completes Sale of Peregrino Field
19 April 2011 Statoil has completed the sale of its 40% interest in the Peregrino Field, offshore Brazil. Sinochem purchased the 40% share for a $3.07bn consideration in cash, along with financial...

ATP Resumes Exploration at Gulf of Mexico Field
19 April 2011 ATP Oil & Gas has resumed exploration at its Telemark field in the Gulf of Mexico, which had been halted by US regulators. Drilling in the Telemark field, located in 4,000ft of water,...

Wood Group to Support LNG Development in Australia
19 April 2011 Wood Group Kenny has secured a contract to provide services to support the Browse liquefied natural gas (LNG) development in Broome, Australia. Subsea engineering company, JP Kenny will...

US Crude Nears $106 a Barrel Over Demand Concerns
19 April 2011 US crude dipped to nearly $106 a barrel due to rising concerns over increasing oil prices, which may hamper demand. US crude fell by 40¢ to $106.72 a barrel, while ICE Brent crude for...

Tullow Completes Ghanaian Appraisal Well
18 April 2011 Tullow has completed the Tweneboa-4 appraisal well, offshore Ghana, and encountered 18m of net gas condensate pay in sandstones reservoirs. The Tweneboa-4 appraisal well in the Deepwater...

Petrobras, Simopec to Explore Brazilian Offshore Blocks
18 April 2011 Petrobras and Sinopec have executed a joint venture agreement to explore blocks off the coast of northern Brazil. Carlos Stenders, Sinopec's Brazil unit adjunct director, said that...

Niko, Centrica to Invest in Trinidad Offshore Exploration
18 April 2011 Niko and Centrica are to invest $70m in three offshore exploration wells in Trinidad and Tobago this year. Niko and Centrica, along with Trinidad and Tobago-based Petrotrin, formed a...

US Crude Falls Below $109 on Demand Concerns
18 April 2011 US crude fell below $109 a barrel because of concerns about high prices, which may lead to a fall in demand. US crude dipped by 76¢ to stand at $108.90 a barrel, while Brent crude fell...

Statoil Starts Oil Production at Peregrino Field
15 April 2011 Statoil announced the start of oil production at its Peregrino field, which is located 85km offshore Brazil in licences BMC-7 and BMC-47. Production is expected to be increased gradually to...

Chinese Demand Pushes US Crude to $108
15 April 2011 US crude climbed to $108 a barrel on increased demand from China, the world's second-largest consumer of fuel after the US. US crude rose by 16¢ to stand at $108.27 a barrel, while...

BG Group Completes Drilling of Guara Norte Well
15 April 2011 BG Group has completed a drill stem test on the Guara Norte well (3-SPS-69) in block BM-S-9 in the Santos Basin, offshore Brazil. The company owns a 30% interest in the BM-S-9 concession,...

Eni Completes Sankofa Discovery Testing
15 April 2011 Eni has completed the appraisal and testing of the Sankofa discovery in the Offshore Cape Three Points licence, offshore Ghana. Eni drilled the Sankofa-2 well to a depth of 864m, 55km off...

Noble Energy Begins Drilling Tamar Natural Gas Field
14 April 2011 Noble Energy and its partners have commenced drilling the Tamar natural gas field, offshore Israel. Drilling of the field, which contains up to nine trillion cubic feet of natural gas, will...

Samsung Heavy to Build Deepwater Drillship for Seadrill
14 April 2011 Samsung Heavy has received an order from offshore drilling company Seadrill to build a new ultra-deepwater dual derrick drillship at its yard in South Korea. Under the $600m project,...

Australia Releases 29 Acres for Offshore Exploration
14 April 2011 The Australian Government has released 29 acres for offshore petroleum exploration, highlighting the importance of the nation's future energy sources. Australian Resources and Energy...

US Crude Climbs to $107 On Middle East Troubles and Petrol Stocks Fall
14 April 2011 US crude rose to $107 a barrel due to the unrest in the Middle East and a decrease in US petrol stocks. Prices increased by 5¢ to stand at $107.16 a barrel, while Brent crude saw...

Premier Oil to Start Gas Production at Indonesian Field
13 April 2011 Gas production from Premier Oil's Gajah Baru field in Indonesia is expected to start in six months' time after a short delay. The company, which holds a 29% interest in the field, also...

OIL to Invest $112m in Indian Oilfield Exploration
13 April 2011 State-owned Oil India (OIL) is to invest Rs5bn ($112.9m) in the first phase of exploration of oil and gas blocks located on India's west coast. OIL was selected as the provisional operator...

Oil Climbs to $107 Over Libyan Stand-Off
13 April 2011 US crude rose to $107 a barrel after an African Union-sponsored peace plan collapsed in Libya. US crude climbed 25¢ to stand at $107 a barrel, while Brent crude rose 80¢ to $122...

Seadrill, Pemex Sign Drill Rig Contract
13 April 2011 Seadrill has completed the final agreement with Pemex Exploracion y Produccion (Pemex) for the provision of the ultra-deepwater, semi-submersible drilling rig West Pegasus for a...

ConocoPhillips Awards SURF Contracts to Subsea 7
12 April 2011 ConocoPhillips Skandinavia has awarded Subsea 7 two SURF contracts worth $150m. Under the first contract, Subsea will provide the engineering, procurement, fabrication, installation...

Oil Falls to $108 On Demand Concerns
12 April 2011 US crude dipped to $108 a barrel this morning due to speculations about decreasing demand and high fuel prices. US crude and Brent crude fell by more than $1.50 a barrel, resulting in prices...

ATP Gets Go-Ahead to Complete Gulf of Mexico Well
12 April 2011 ATP Oil & Gas has received a permit from the Bureau of Ocean Energy Management, Regulation and Enforcement to complete a previously drilled well in the deepwater Gulf of Mexico. The GC...

First Gas Flows from Beta West in North Sea
12 April 2011 Statoil has announced the first gas flow from the Beta West structure in the Sleipner area of the North Sea. Statoil estimates that Beta West, which was discovered in 2009, contains about...

Oil Climbs to $113 a Barrel
11 April 2011 US crude rose above $113 a barrel today, influenced by a weak dollar that continued to support a recent rally in commodities. The increase was attributed to concerns over long-term supply...

Northern to Transfer Operator Role for Permits Offshore Sicily
11 April 2011 Northern Petroleum has applied to the Italian authorities to transfer the role of operator of six permits offshore the west of Sicily to Shell Italia E&P. The permits comprise...

Drilling Activities Fall by 25% in UK Continental Shelf
11 April 2011 Offshore drilling activity in the North Sea witnessed a fall of 25% in the first quarter (Q1) of 2011, according to Deloitte's 'The North West Europe Review' report. Between 1 January 2011...

Ithaca Energy, Hess Sign Sale and Purchase Agreement
11 April 2011 Ithaca Energy has signed a sale and purchase agreement with Hess for the acquisition of a 28.46% interest in the Cook oilfield and a 7.41% interest in the Maclure oilfield. Cook, which...

Subsea 7 to Support Petrobras in Pre-Salt Development
08 April 2011 Subsea 7 has signed a $1bn contract with Petrobras for the development of the pre-salt deepwater Guara and Lula north-east areas in the Santos Basin, offshore Brazil. The areas are in...

Oil Hits $111 After Attacks Damage Libya's Oilfields
08 April 2011 The price of oil rose to $111 today due to supply constraints from Libya's oilfields. US crude climbed 81¢ to stand at $111 a barrel, while Brent Crude hit $123 a barrel, reports Reuters....

Halliburton Wins Contracts for Statoil HP / HT Fields
08 April 2011 Halliburton is to provide services for two high-pressure / high-temperature (HP / HT) fields, offshore Norway, to Statoil under several contracts. The multi-year awards have the potential...

Lundin Norway Completes Tellus Prospect
08 April 2011 Lundin Norway, operator of production licence 338, has completed well 16 / 1-15 as an oil discovery on the Tellus prospect. Lundin holds a 50% interest in PL 388, along with Wintershall...

Technip to Develop UK Gas Field for RWE Dea
07 April 2011 Technip is to develop the Clipper South gas field development in the North Sea under a full EPIC contract with RWE Dea. The field is located 70km off the Bacton gas terminal in water depths...

Santos Hits Gas Pay Offshore Western Australia
07 April 2011 Santos and its partners have encountered gas pay in the Zola-1 exploration well, which is located in the WA-290-P permit in the Carnarvon Basin, offshore Western Australia. The firms hit a...

Oil Slips to $108 on Demand Concerns
07 April 2011 The price of oil dipped to $108 a barrel today, due to concerns among investors that rising prices may curb demand from the US and China. US crude dropped 51¢ to stand at $108.32 a...

Ophir Energy Makes Third Chaza-1 Gas Discovery
07 April 2011 Ophir Energy has made a new gas discovery in the Chaza-1 exploration well offshore Tanzania, the first gas discovery of block 1. The Chaza-1 well, which is located 18km from the coast in...

Oil Down to $108 on China Interest Rate Hike
06 April 2011 The price of oil dipped closer to $108 a barrel today, following a hike in interest rates in China. US crude fell 8¢ to stand at $108.26 a barrel, while Brent crude dropped 19¢...

Maersk Oil Buys Stakes in Norwegian Offshore Licences
06 April 2011 Maersk Oil has acquired stakes in three production licences in Norway from Marathon Petroleum Norge in exchange for its financial contribution to the Earb South exploration well. Maersk...

Valiant to Acquire Stake in Orchid Prospect
06 April 2011 Valiant Petroleum subsidiary Valiant Exploration is to acquire a 30% stake in block 29 / 1c with the Orchid prospect from Summit Petroleum in return for sharing the cost of the initial...

Statoil, Eni, Petoro Find Oil in Barents Sea
06 April 2011 Statoil, Eni Norway and Petoro have made an oil discovery on the Skrugard prospect in the Barents Sea. The well hit a proven gas column of 33m and an oil column of 90m. The site on...

PSA Pushes Oil Industry for Well Containment Measures
05 April 2011 The Petroleum Safety Authority Norway (PSA) has urged the industry to set up measures to reduce the number of hydrocarbon leaks and well control incidents on the Norwegian continental shelf. ...

BP Extends Contract with Aker for Norwegian Fields
05 April 2011 BP has extended a maintenance and modification contract with Aker Solutions for the Ula, Valhall, Hod and Tambar fields in the Norwegian region of the North Sea. With the extension, BP...

Oil Falls to $108 a Barrel
05 April 2011 The price of oil fell to $108 a barrel today, but stayed in the range of their highest levels since 2008 due to the Middle East unrest and delays to elections in Nigeria. US crude declined...

Bahamas Petroleum Wins 3D Seismic Contract
05 April 2011 Bahamas Petroleum will carry out a 3D seismic survey in its southern licence area for French-based CGGVeritas. Under the Letter of Award, the firm's survey will cover a minimum of 1,500km²...

HWCG to Extend Spill Containment System Depth
04 April 2011 The Helix Well Containment Group (HWCG) will extend its subsea well containment capabilities to control and contain a spillage in water depths up to 10,000ft later this year. HWCG's current...

BOEMRE Approves Drill Permit for Shell Well
04 April 2011 The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), has approved a deepwater drilling permit for a Shell's Well #DC001 off the coast of Louisiana, US. The well...

Oil Rises to $108 on Supply Concerns
04 April 2011 The price of oil went up today to $108 a barrel, as continued unrest in the Middle East and North Africa gave way to supply concerns. US crude climbed 42 cents to $108.36 a barrel at 0551...

Subsea 7 to Offer Services to EON’s North Sea Project
04 April 2011 Subsea 7 will provide engineering and installation services to E.ON Ruhrgas UK E&P for the Huntington Development in the North Sea. The firm will work on the installation of an eight-inch...

Noble Takes Option for Two More Jack-Ups
01 April 2011 Noble Corporation has exercised two of its four options with Sembcorp Marine subsidiary Jurong Shipyard to build JU3000N jack-up drilling rigs. The order will bring the total number of...

Oil Rises to $107 a Barrel
01 April 2011 Oil prices climbed to $107 a barrel today as investors look forward to a positive US March payroll report, due later today, for insights into US oil demand. US crude increased by 36¢...

TGS to Reprocess Offshore Faroe 2D Seismic Data
01 April 2011 TGS will perform reprocessing of over 13,550km of 2D multi-client seismic data in waters off the Faroe Islands, in the North Atlantic. The project, Offshore Faroe Reprocessing 2011, will...

Aker to Deliver Subsea Equipment for Statoil NCS Project
01 April 2011 Aker Solutions is to provide the engineering, procurement and construction of a subsea production system for Statoil's Fossekall-Dompap project on the Norwegian Continental Shelf for...

March 2011

Top

Technip to Increase Production for ZADCO's UAE Field
31 March 2011 Technip will provide engineering services to ZADCO to increase the oil production capacity of the Upper Zakum field, 84km offshore Abu Dhabi, UAE. The project, known as UZ750, will expand...

Ale Completes Module Transport for ONGC's Indonesia Platform
31 March 2011 ALE has successfully completed the transport and load-out of five modules for Oil and Natural Gas Corporation's ICP-R process platform project in Jakarta, Indonesia. The project is a part...

Oil Climbs to $104 as Middle East, Libyan Unrest Continues
31 March 2011 The price of oil increased today as unrest in the Middle East and North Africa continues to put pressure on supplies. US crude rose by 61¢ to stand at $104.88, and Brent for May...

Tullow Discovers Hydrocarbons in Teak-2 Well Off Ghana
31 March 2011 Tullow Oil has encountered 27m of net hydrocarbon bearing reservoirs in the Teak-2 exploration well in the West Cape Three Points licence, offshore Ghana. The exploration well was...

Statoil Drills Well Offshore Egypt
30 March 2011 Statoil has completed drilling of the Kiwi well in Egypt's El Dabaa Licence (block 9) using the Discoverer Americas drillship. The exploration well, drilled at a water depth of 2,700m,...

EnCore Oil Encounters Hydrocarbons in North Sea Well
30 March 2011 EnCore Oil has encountered hydrocarbons in the Burgman side-track well 28 / 9-4z on UK Continental Shelf Central North Sea block 28 / 9. The oil and gas pay was identified in the targeted...

Seadrill to Supply Jack-Up Rigs for BHP Billiton
30 March 2011 Seadrill will provide jack-up rigs to BHP Billiton Petroleum in Trinidad and Vietnam for a total of $31m. The $20m Offshore Resolute rig in Trinidad will work on drilling of three wells,...

Oil Down to $104 as Crude Inventories Rise
30 March 2011 The price of oil fell to $104 a barrel today as US crude inventories increased more than expected. US crude fell by 46¢ to stand at $104.33 and Brent crude for May fell 31¢ to...

Statoil Opens Norwegian Continental Shelf Subsea Field
29 March 2011 Statoil has officially opened the Tyrihans subsea field on the Norwegian Sea, offshore Trondheim, Norway. The field has already produces 100,000 barrels per day, contributing to the...

Halliburton to Provide Equipment, Services for China Blocks
29 March 2011 Halliburton has been awarded several contracts to provide equipment and services on two offshore blocks in the South China Sea. The exploration programme covers two firm wells and one...

Sevan Marine to List Drilling Business as Separate Company
29 March 2011 Sevan Marine has submitted an application to list Sevan Drilling as an independent company on the main list of the Oslo Stock Exchange. The firm decided to organise its drilling activities...

Oil Falls to $103 on Libyan Tension
29 March 2011 The price of oil fell by 57¢ to stand at $103 a barrel as tensions continue in Libya with rebels gaining ground against Gaddafi, raising expectations of an accelerated supply...

Oil Nears $105 on Middle East Unrest
28 March 2011 Oil prices hovered around $105 this morning, supported by speculative positions due to continuing concern over Middle East unrest. US crude fell by 13¢ to stand at $105.27 and Brent...

North Sea Tax Rise Will Affect UK Field Sales
28 March 2011 The UK Budget's increase in taxes from 20% to 32% is likely to affect investments in North Sea assets. The hike will lower the value of UK Continental Shelf fields, which are already...

NPD Awards Drill Permit for Total Norwegian Well
28 March 2011 The Norwegian Petroleum Directorate has awarded a drilling permit for well 7225 / 3-1, off the coast of Norway, to Total E&P Norge. The well, which is the first exploration well...

OGX Encounters Hydrocarbons in Campos Basin Well
28 March 2011 OGX has identified the presence of hydrocarbons in the Albian section of well 3-OGX-36D-RJS in block BM-C-41, in the shallow waters of the Campos Basin offshore Brazil. Well 3-OGX-36D-RJS...

Chevron Signs FEED Contract with Technip for Indonesian Fields
25 March 2011 Chevron has signed a front-end engineering design contract with Technip for two floating production units in the Gendalo and Gehem fields, offshore Indonesia. The fields are located in...

Pearl GTL Receives First Flow of Offshore Gas
25 March 2011 Qatar Petroleum and Shell have announced the first flow of dedicated offshore gas into the Pearl GTL plant in Qatar. Shell, which is operator of the Pearl GTL plant, opened natural gas...

Global Wins LLOG Subsea Development Installation Contract
25 March 2011 LLOG Deepwater Development Company has awarded a deepwater subsea development installation contract for the 'Who Dat' project in the Gulf of Mexico to Global Industries. The installation,...

Oil Nears $105 On Middle East Unrest
25 March 2011 The price of oil remained near $105 today amid political upheaval in the Middle East. US crude was down by 19¢ to stand at $105.41 and Brent crude for May dropped 8¢ to $115.64...

Oil and Gas Workers Receive 'Robust' Wages Despite Recession
24 March 2011 Health Safety and Environment (HSE) professionals in the oil and gas sector are continuing to receive good wages as the industry recovers from the economic downturn. According to the...

SBM Unveils First Offshore LNG Transfer System
24 March 2011 SBM Offshore has unveiled the first fully qualified and certified offshore LNG transfer system, the Cryogenic Offshore Offloading and Loading (COOL) system. The system comprises a...

Oil Falls to $105 With Portugal Prime Minister Resignation
24 March 2011 Oil prices neared $105 today after the resignation of Portuguese Prime Minister Jose Socrates renewed euro-zone concerns. US benchmark West Texas Intermediate fell 22¢ to stand at...

North Sea Production Tax to Increase by 32%
24 March 2011 The supplementary charge for North Sea oil and gas will increase by 32% from midnight tonight, a move that could cost industry giants £2bn, according to the UK Government. Yesterday...

Chevron Extends Halliburton Contract for Thailand Projects
24 March 2011 Chevron Thailand has extended a contract with Halliburton for the provision of directional drilling, measurement-while-drilling and logging-while-drilling services for offshore Thailand projects. ...

ATP to Resume Drilling in the Gulf of Mexico
23 March 2011 ATP Oil & Gas Corporation has received a permit to resume drilling the Mississippi Canyon Block 941 #4 well in the Gulf of Mexico. The well at ATP's Telemark Hub, which lies in...

Oil Falls Near $105 on Yemen Unrest
23 March 2011 Oil prices fell marginally below $105 following continued unrest in Yemen, a crude-exporting country. US crude for May fell 6¢ to stand at $104.91 while Brent crude climbed 14¢...

TGS to Conduct Second Tarakan Basin Survey
23 March 2011 TGS is to acquire a second multi-client 3D seismic survey in the Tarakan Basin, off the coast of Northern Indonesia. The TBB11 survey, which is supported by industry funding, will...

Aker to Provide EPC Works for Conoco Phillips Field
23 March 2011 Aker Solutions has won a Nkr5.5bn ($979m) engineering, procurement and construction contract to deliver the topside and bridges of the production platform at ConocoPhillips' Eldfisk field in...

Bowleven Spuds Sapele-2 Off Cameroon
22 March 2011 Bowleven has begun drilling the Sapele-2 well in the Douala Basin, off the coast of Cameroon. The Sapele-2 well is being drilled to appraise the Omicron discoveries encountered in the...

Total UK to Receive North Sea Cranes from EnerMech
22 March 2011 Total E&P UK will receive a range of crane services from EnerMech, under a £10m ($16.2m) contract. The contract will include the Elgin, Franklin, Alwyn and Dunbar platforms in the North Sea...

Oil Slides Marginally to $103 on Middle East Tensions
22 March 2011 Oil prices slipped marginally to $103 a barrel today, as tensions continue in the Middle East with demand uncertainty from Japan. US crude for May fell 3¢ to $103.06, while Brent for...

Statoil Opens Vega Field in the North Sea
22 March 2011 Statoil has opened the Vega subsea field in the North Sea to produce natural gas and condensate. Production on the Vega field began in December last year with gas and condensate flowing...

Woodside Discovers Gas in Carvanon Basin
21 March 2011 Woodside has intersected a gas pay in the Martin-1 well in permit WA-404-P on the Carnarvon Basin, offshore Western Australia. The well encountered a gas pay of 100m gross within the...

Statoil Hires Songa Rig for Norwegian Continental Shelf
21 March 2011 Statoil has awarded a contract to Songa Offshore for Songa Delta, a semi-submersible rig for use on the Norwegian Continental Shelf (NCS). Under the $400m contract, the rig will...

Oil Prices Climb to $102 on Libyan Strikes
21 March 2011 Oil prices rose above $102 a barrel as UN allies launched a second series of air strikes on Libya to contain Libyan leader Muammar Gaddafi. US crude for April increased by $1.79 to stand...

Rolls-Royce Marine Receives Drill System from Aker Unit
21 March 2011 Rolls-Royce Marine has received a drilling fluid and well control system from Aker Solutions unit STEP Offshore for use on the Yme field in the North Sea. STEP Offshore delivered an...

Oil Jumps to $102 on UN Approval for Military Action in Libya
18 March 2011 Oil prices rose to over $102 today on increasing worries about the tension in the Middle East following the UN's approval of military action to contain Libyan leader Muammar Gaddafi. US...

Technip Receives Umbilicals Order from MWCC
18 March 2011 Technip is to design and fabricate the umbilical, riser and flowline components of Marine Well Containment Company's expanded well containment response system for the US Gulf of Mexico. ...

UK Oil and Gas Survey Shows Activity To Increase
18 March 2011 A new industry survey has revealed growth in the UK's oil and gas sector, with over 80% of North Sea firms planning to expand their businesses over the next five years. The study commissioned...

Apache Completes Carnarvon Basin 3D Seismic Programme
18 March 2011 Apache Northwest has completed the acquisition of the 3D seismic programme covering the WA-399-P exploration permit within the Carnarvon Basin, offshore Western Australia. WA-399-P lies...

Keppel FELS Wins Rig Order from Japan Drilling
17 March 2011 Keppel FELS has won a $210m order to construct a KFELS Super B Class jack-up rig from Japan Drilling Company (JDC). The firm will deliver the rig in the first quarter of 2013. KFELS Super...

Oil Above $98 on Middle East Worries
17 March 2011 The price of oil rose above $98 a barrel today, supported by concerns over continuing protests in the Middle East, while investors observe the impact of the Japanese nuclear crisis on...

Grenland to Deliver Subsea Structures to FMC
17 March 2011 Grenland Group is to provide subsea structures to support FMC Technologies' awards for Statoil projects in the North Sea, under three letters of intent (LoI) worth Nkr220m ($39.2m). Under...

Hyperdynamics Receives Deepwater Evaluation for Guinea Concession
17 March 2011 Hyperdynamics has received the results of a new resource evaluation conducted by Netherland, Sewell & Associates (NSAI) for the deepwater portion of its oil and gas concession offshore Guinea....

Shell Joint Venture Discovers Oil Offshore Brunei
16 March 2011 Brunei Shell Petroleum has made a new oil discovery in the coastal waters of Brunei. Geronggong is located in the third offshore acreage area, about 100km off the coast in water depths...

Trelleborg to Expand Presence in Brazil
16 March 2011 Trelleborg, through its subsidiary Trelleborg Engineered Systems, is to acquire a business in Brazil's offshore oil and gas industry from a Veyance Technologies subsidiary. The business...

Oil Falls to $96 on Japan Concerns
16 March 2011 Oil prices fell to nearly $96 today after a second fire broke out at a Japanese nuclear plant and radiation levels rose, a result of the earthquake and tsunami that hit Japan last week. ...

PetroSA to Drill Gas Offshore South Africa by Year End
16 March 2011 PetroSA is to begin drilling the F-O gas field off the southern coast of South Africa by the end of 2011 to maintain offshore production. PetroSA CEO Everton September told Bloomberg that...

Melrose Signs Concession Agreement for Offshore Romanian Blocks
15 March 2011 Melrose Resources has been awarded concessions for two offshore exploration blocks, EX-27 (Muridava) and EX-28 (Est Cobalcescu), by the Romanian National Agency of Mineral Resources. Located...

Vantage to Oversee Construction of Aker Ultra Deepwater Drillships
15 March 2011 Vantage Drilling is to provide design, construction and commissioning services to Aker Drilling for two ultra deepwater drillships. The vessels are being built by Aker at the Daewoo...

Noble Wins Rig Contracts for Pemex Operations
15 March 2011 Noble Corporation has secured contracts with Mexican petroleum company Pemex for the deployment of six jack-up rigs. The Noble Bill Jennings rig will work for 286 days and Noble Leonard...

Oil Falls as Third Blast Hits Japan Plant
15 March 2011 Oil prices fell by over $1 per barrel to near $99 today, as a third explosion occurred at the Japanese nuclear power plant following the 11 March 2011 earthquake. US crude for April...

Technip Wins $28m Subsea Contract for EOG's Conwy Field
14 March 2011 Technip has won an installation contract worth over €20m ($27.7m) from EOG Resources for the development of the Conwy field in the East Irish Sea. Under the contract Technip will weld...

Saipem to Develop Saudi Aramco Offshore Fields in Arabian Gulf
14 March 2011 Saipem is to develop Saudi Aramco's Arabiyah and Hasbah fields, which are located 150km north-east of Jubail in the Arabian Gulf. Work under the new contract covers the engineering,...

Maersk Oil Makes Gas Discovery in Culzean Well
14 March 2011 Maersk Oil has discovered gas in appraisal well 22 / 25a-10z in the high pressure high temperature (HPHT) Culzean discovery in the North Sea. The well was drilled in the UK sector of the...

Oil Falls on Concerns About Japan's Economy After Quake
14 March 2011 Oil prices fell to $99 a barrel today as investors worry about Japan's economy following last week's earthquake and tsunami. US crude fell by $1.72 to stand at $99.44 and Brent dropped 2.4%...

GE to Acquire Wellstream
11 March 2011 General Electric Austria, a subsidiary of GE, had received valid acceptances for 98.63% of Wellstream's shares as part of its strategic acquisition of the subsea firm. The listing...

Oil Prices Edge Towards $103
11 March 2011 The price of oil almost hit $103 today, following clashes between protesters and the police in Saudi Arabia in a planned 'Day of Rage'. US crude rose 15¢ to stand at $102.85, while...

AGR to Provide Well Abandonment Services to PTTEP Australasia
11 March 2011 AGR Field Operations' subsea division is to provide support services for the well abandonment of subsea facilities for PTTEP Australasia's Challis and Jabiru fields in the Timor Sea, Australia. ...

Statoil Drills North Sea Delineation Wells
11 March 2011 Statoil has drilled two delineation wells in the Dagny and Ermintrude discoveries in the North Sea to select a development concept. One exploration well on the Dougal prospect turned out to...

Siemens to Acquire Two Subsea Firms
10 March 2011 Siemens will acquire two subsea specialists, Poseidon Group and Bennex Group, from Norway's Subsea Technology Group. Scotland-based Poseidon offers subsea marinisation, engineering...

RWE Dea Gets Green Light for Clipper South Gas Field Plan
10 March 2011 RWE Dea UK has received approval for its Clipper South gas field development plan from the Department of Energy and Climate Change (DECC). Located on the UK Continental Shelf on blocks 48 /...

Technip Wins $63m Contract for Gjoa Field
10 March 2011 Technip has won an engineering, procurement, construction and installation contract worth €45m ($62.9m) for GDF Suez's Gjoa field development in the Norwegian sector of the North...

Oil Prices Near $105 Per Barrel
10 March 2011 The price of oil rose to nearly $105 today after followers of the Libyan leader Muammar Gaddafi bombed the country's oil infrastructure, potentially inflicting damage on its long-term...

Nord Stream Secures €2.5bn for Russia-EU Connecting Pipeline
09 March 2011 The Nord Stream project has successfully secured €2.5bn for phase II of the offshore gas pipeline project to connect Russia and the European Union via the Baltic Sea. The funding...

Oil Falls to $105 on OPEC Assurance
09 March 2011 Oil prices slid slightly to $105 a barrel as OPEC looks to increase its oil output following supply disruptions in Libya and concerns of further supply cuts due to continued unrest. US crude...

Keppel to Build Jack-Up Rig for Mexican Firm
09 March 2011 Keppel AmFELS, a subsidiary of Keppel Offshore & Marine, is to build a repeat jack-up rig worth $195m for Mexico's Perforadora Central. The high specification rig unit will be based on...

Ithaca Energy Begins Work on Athena Well
09 March 2011 Ithaca Energy has started drilling the final production well for the development of the Athena field in block 14 / 18b, located in the Outer Moray Firth in the North Sea. The well is...

Apache to Start Drilling Australian Exploration Well
08 March 2011 Apache Northwest will begin drilling the first exploration well in the WA-388-P permit, off the coast of Western Australia, in April 2011. Apache will drill the well to target the La...

Kosmos Encounters Oil and Gas Offshore Ghana
08 March 2011 Kosmos Energy has encountered oil and gas at its Enyenra-2A appraisal well in the deepwater Tano block, offshore Ghana. The Enyenra-2A well has oil and gas condensate in high quality...

Oil Falls to $105 After Gaddafi Leadership Announcement
08 March 2011 Oil prices fell to $105 after Libyan leader Muammar Gaddafi announced he was considering ways to step down to end the unrest in the country, and after OPEC moved to assure supply security. ...

Saudi Aramco Awards GES Contract
08 March 2011 Saudi Aramco has given a general engineering services contract to the Al Hejailan Engineering bidding group, led by Mustang Engineering. The contract builds a long-term framework for the...

Oil Hits $106 a Barrel
07 March 2011 The price of oil shot up to over $106 a barrel today, as the political situation in Libya remains tense and investors watch Saudi Arabia for supply outages. US crude for April went up by...

OGX Discovers Hydrocarbons in Campos Basin
07 March 2011 OGX Petroleo e Gas has identified the presence of hydrocarbons in the Albian and Aptian sections of well 1-OGX-31-RJS, which is located in block BM-C-41 in the shallow waters of the Campos Basin. ...

FMC Technologies to Supply Subsea Equipment to Petrobras
07 March 2011 FMC Technologies is to supply equipment for use at Petrobras's oil and gas developments off the coast of Brazil, under a $125m contract. The order comprises 32 subsea trees that are part of...

Norwegian Authority Grants Offshore Permit to Lundin
07 March 2011 The Norwegian Petroleum Directorate has granted a drilling permit for well 16 / 3-4 in the North Sea, to Lundin Norway. The well will be drilled from the drilling facility Bredford Dolphin...

Oil Hovers above $101 as Venezuela Proposes Peace Plan
04 March 2011 Oil is hovering above $101 a barrel, as investors show skepticism on the Venezuelan peace proposal to calm crisis in Libya. US crude futures for April were up 4¢ to $101.95 a barrel,...

Bowleven Spuds Sapele-1 Well Off Cameroon
04 March 2011 Bowleven has spudded the Sapele-1 sidetrack well in the Douala Basin off the coast of Cameroon. Sapele-1ST aims to appraise the Deep Omicron oil discovery encountered in the Sapele-1...

Spring Energy to Acquire Marathon's Stake in Barents Sea
04 March 2011 Spring Energy plans to acquire a 17.5% stake held by Marathon Petroleum Norge in production licence 438 in the Barents Sea. An exploration well is expected to be drilled in the licence...

FMC Technologies Signs Agreement with BP
04 March 2011 FMC Technologies is to provide subsea production systems and life-of-field services for BP's worldwide subsea development projects, under a global frame agreement with BP. The agreement will...

TAQA Bratani Awards Subsea Contract to Expro
03 March 2011 TAQA Bratani has signed a 12-month subsea contract with Expro for work in the North Sea. Under the contract, Expro will provide TAQA its large-bore landing strings for its 2011 work scope...

Oil Peaks at $102
03 March 2011 The oil price peaked to above $102 a barrel today, on investor worries over the impact of Middle East unrest after Libya's Muammar Gadaffi ordered airstrikes near Libyan oil facilities. US...

ExxonMobil and Statoil to Partner for Faroes Offshore Licences
03 March 2011 ExxonMobil Exploration and Production Faroe Islands will acquire interests in three licences off the coast of the Faroe Islands where Statoil owns interests and is the operator. ExxonMobil...

Chevron to Receive Offshore Pipelay Services from EOC
03 March 2011 Chevron subsidiaries Chevron Offshore, Chevron Thailand Exploration and Production and Chevron Pattani are to receive pipelay and platform installation services from EOC. Work covers...

Subsea 7 Wins EPIC Contract
02 March 2011 Centrica Energy Upstream has awarded Subsea 7 an engineering, procurement, installation and commissioning (EPIC) contract from for the flowlines and subsea works on the Ensign Project off the...

US Approves First Drilling Permit in Gulf of Mexico Since Deepwater Horizon Disaster
02 March 2011 The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) in the US has approved the first deepwater drilling permit since the Deepwater Horizon explosion and resulting oil...

Salamander Raises Reserve Estimates for Thailand Oil Field
02 March 2011 Salamander Energy has revised reserve estimates at its Bualuang oil field off the coast of Thailand. The gross proved reserves were raised 111% to 14.6 million barrels of oil from the...

Oil Hits $99 as Traders Fear Protests will Spread to Saudi
02 March 2011 The price of oil has shot to over $99.00 a barrel as protests in the Middle East and North Africa heighten concerns on supplies from the top oil producing countries in the region. US crude...

Oil Rises Over $97 a Barrel on Middle East Concerns
01 March 2011 Oil touched $97 a barrel today on persisting concerns of supply shortage as protests in the Middle East and North Africa continue. US crude went up 45¢ to $97.42 a barrel, and Brent...

Statoil Signs Drilling Rig Contract with Odfjell
01 March 2011 Statoil and Odfjell Drilling have signed a contract for Deepsea Bergen that will be valid from June 2012. In October 2010, the two firms signed a letter of intent to use the Deepsea Bergen rig...

Lukoil Consortium to Explore Offshore Romanian Blocks
01 March 2011 A Lukoil Overseas-led consortium is to explore and develop two blocks off Romania under an agreement signed with the National Agency for Mineral Resources of Romania. The Est Rapsodia and...

Norway Receives $11bn Offshore Field Development Plans
01 March 2011 The Norwegian Ministry of Petroleum and Energy has received plans for development and operation (PDO) on the Ekofisk and Eldfisk fields off Norway that expect Nkr65bn ($11.5bn) of...

February 2011

Top

Oil at $99 a Barrel on Libyan Supply Cuts
28 February 2011 Oil rose to just over $99 a barrel today as concerns continue about supply falls after Libya reduced its exports. US crude rose by $1.45 to stand at $99.33 a barrel, while Brent crude...

Lundin Drills Earb South Well in Norwegian North Sea
28 February 2011 Lundin Petroleum has started drilling exploration well 25 / 10-11 on the Earb South prospect in the Norwegian North Sea. The firm plans to target sandstones within the Draupne Formation and...

Chevron to Resume US Deepwater Programme This Year
28 February 2011 Chevron expects to resume its drilling programme in the deepwater Gulf of Mexico before the first half of 2011. Chevron head for exploration and production in North America Gary Luquette...

Noble Leases Rig for Shell's Gulf of Mexico Operations
28 February 2011 Noble Corporation is to lease the 12,000ft ultra-deepwater semisubmersible rig Noble Jim Day to a Shell subsidiary to operate in the US Gulf of Mexico under a new letter of intent. The...

Subsea 7 Signs EPC Contract for Chevron's Tahiti Phase II
25 February 2011 Subsea 7 has signed an engineering and installation contract with Chevron for the Tahiti Phase II development in the Gulf of Mexico. Under the contract, Subsea will install one 7.5in x...

Technip to Support Statoil's Gygrid Project
25 February 2011 Technip will provide support services to Statoil for the Gygrid field development in the Norwegian Sea for €90m ($124m). The field is located off the coast of Norway, at a water depth...

Fluor Wins FEED Contract for Woodside Browse LNG Project
25 February 2011 Fluor Offshore Solutions has won a front-end engineering and design (FEED) contract for Woodside's Browse Liquefied Natural Gas (LNG) Development, offshore Australia. The Browse project...

Oil at $97 on Saudi Hopes to Counter Libyan Supply Cuts
25 February 2011 The price of oil dropped to $97 a barrel today, as Saudi Arabia said that it would offset low supplies in Libya. US crude increased by 44¢ to stand at $97.72 after surging as high...

Oil at $98 On Libyan Protest Concerns
24 February 2011 Oil prices rose to over $98 today, following concerns that the current unrest in Libya may spread to other oil-producing countries in the Middle East and Africa. US crude for April increased...

Aker Orders DSME Ultra-Deepwater Drillships
24 February 2011 Aker Drilling has confirmed an order for two ultra-deepwater drillships from DSME for $600m. The EPC contract includes project management, loose drilling equipment, spares and...

Maersk Finds Oil in Carambola B
24 February 2011 Maersk Oil Brasil and OGX have discovered oil in an ongoing Carambola B exploration well situated in the Campos Basin, 80km off the coast of Rio de Janeiro, Brazil. The well is located in...

North Energy Receives Barents Sea Licences
24 February 2011 North Energy has been awarded two licences in the Barents Sea. In the 2010 Awards in Predefined Areas (APA), the firm won one North Sea licence and two Norwegian Sea licences, bringing...

BP Acquires Stake in Reliance Offshore Assets
23 February 2011 BP is to acquire a 30% stake in 23 offshore oil and gas production sharing contracts operated by Reliance in India and will form a joint venture to source and market gas in the country. ...

Seadrill to Supply Tender Rig to Chevron
23 February 2011 Seadrill has signed a contract with Chevron Thailand Exploration and Production offshore Thailand for the tender rig T12. The three-year contract is worth $132m and includes a two-year...

Oil at $96 Following Libyan Protests
23 February 2011 The price of oil reached above $96 a barrel today over fears that protests in Libya could spread to other top oil-producing countries and reduce output. Oil stood at $96.08 a barrel at...

Rockhopper Spuds Appraisal Well Offshore Falklands
23 February 2011 Rockhopper Exploration has drilled the 14 / 10-4 appraisal well off the Falkland Islands. Well 14 / 10-4 is the first appraisal well spudded on the Sea Lion feature situated on licence...

US Offshore Royalties to Rise Under New Budget
22 February 2011 US offshore royalties paid by oil and gas firms for offshore production is expected to increase by 68% under the 2012 budget. The US will receive $5.97bn from royalties in the fiscal...

Marine Well Containment Unveils Spill Response System
22 February 2011 The Marine Well Containment Company has unveiled a new well containment system to offer rapid containment response capabilities should an underwater oil spill occur in the Gulf of Mexico. ...

Oil Hits $94 as Libyan Protests Continue
22 February 2011 The price of oil shot to a two-and-a-half year high to over $94 today on concerns that increasing conflicts in Libya would further cut supply and provoke more protests in North Africa and...

BP to Begin Offshore Drilling in Libya
22 February 2011 BP is to commence offshore exploration in Libyan waters by the end of June 2011, a year later than previously expected. The delay was brought on following the Macondo oil spill in the Gulf...

Tap Oil Discovers Gas in Zola-1 Well
21 February 2011 Tap Oil has encountered gas at the Zola-1 exploration well, offshore Carnarvon Basin in Western Australia. Zola-1 well is located in permit WA-290-P, south of the giant Gorgon gas field. ...

Japanese Trio Discover Hydrocarbons Offshore Vietnam
21 February 2011 Idemitsu Oil & Gas, JX Nippon Oil & Gas Exploration and Teikoku Oil have announced the discovery of oil and gas at an exploration well in blocks off the coast of Vietnam. Discovery...

Oil Above $87 as Tension Spreads in Middle East
21 February 2011 Oil prices rose above $87 today, as clashes in Libya led to further tension in the Middle East, disrupting supplies in the oil-producing region. US crude for March increased by $1.19 to...

Keppel to Provide Rigs for Transocean
21 February 2011 Keppel FELS will provide two high specification jack-up rigs to Transocean Offshore Deepwater Holdings for $380m. The rigs, based on the KFELS Super B Class Bigfoot design, are due for...

Noble's Cyprus Gas Drilling to Begin in 2012
18 February 2011 Noble Energy will commence first drilling for natural gas off the coast of Cyprus in early 2012, according to Cyprus Commerce, Industry and Tourism Minister Antonis Paschalides. Noble has...

Trio to Conduct CO2 Recovery Pilot Test Offshore Vietnam
18 February 2011 Petrovietnam, Japan Vietnam Petroleum (JVPC) and Japan Oil, Gas and Metals National (JOGMEC) have joined forces to conduct an enhanced oil recovery pilot test, offshore Vietnam. ...

Oil Prices Rise Above $86 on Middle East Tension
18 February 2011 Oil prices shot up today as protests in the Middle East continued, leading to concerns over potential supply disruptions in the region. US crude for March delivery increased by $1.37 to...

BG Group Finds Oil in Brazil's Santos Basin
18 February 2011 BG Group has made a new oil find in block BM-S-10 in the Santos Basin, offshore Brazil. Discovery well 4-BRSA-818 (4-RJS-668), dubbed Macunaima, is situated in a water depth of 2,134m,...

FMC to Supply Subsea Equipment to ConocoPhillips
17 February 2011 FMC Technologies will manufacture and supply subsea production equipment under a three-year frame agreement with ConocoPhillips Indonesia. ConocoPhillips will use the equipment for its...

Oil Rises Above $85 a Barrel
17 February 2011 The price of oil rose above $85 today, following industry data indicating a less-than-expected rise in inventories during the previous week. US crude for March delivery increased by 12¢...

Obama Seeks $358m for BOEMRE in 2012 Budget
17 February 2011 US President Barack Obama has requested $358.4m to fund the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) as part of his 2012 budget. The request indicates a $119.3m,...

Keppel to Build $1bn Rigs for Maersk Drilling
17 February 2011 Keppel FELS will build two Gusto MSC CJ70 harsh environment jack-up rigs worth $1bn for Maersk Drilling Holdings Singapore. The company claims that the CJ70 rigs are ideal for operating in...

Rockhopper Drills Falkland Islands Well to Total Depth
16 February 2011 Rockhopper Exploration has drilled exploration well 14 /1 0-3 in licence PL032, offshore the Falkland Islands, to a total depth of 2,830m. Designed to explore the northern lobe of the Sea...

Seadrill to Reorganise Harsh Environment Activities
16 February 2011 Seadrill is considering reorganising its harsh environment activities, including six drilling rigs contracted in the North Sea. The harsh environment fleet also includes two deepwater...

Oil Nears $85 as Weekly Crude Falls
16 February 2011 Oil prices dropped below $85 a barrel today, supported by a fall in US crude inventories for the week. US crude for March delivery increased 22¢ to stand at $84.54 a barrel by 05.36...

Wood Group to Sell Well Support Division to GE
16 February 2011 Wood Group will sell its Well Support Division to GE Oil & Gas for $2.8bn. The sale will include Wood Group's electrical submersible pump, surface well equipment and logging...

Anadarko Discovers Oil and Gas Offshore Ghana
15 February 2011 Anadarko Petroleum has discovered oil and gas at the Teak-1 exploration well in the West Cape Three Points Block, offshore Ghana. The well was drilled to a total depth of 10,400ft in...

Drydocks World Launches Offshore Support Vessel
15 February 2011 Drydocks World launched its anchor handling offshore support vessel Olympus Crest at its shipbuilding yard in Nanindah, Indonesia. The vessel was built for Singapore-based Pacific Crest at...

Petronas Finds Oil and Gas Fields Offshore Malaysia
15 February 2011 Petronas has discovered oil and gas in blocks SK316 and SK306 offshore Sarawak in Malaysia after drilling the NC3 and Spaoh-1 wells. The NC3 wildcat well, which was drilled in March 2010, and...

Oil Prices Rise Above $85 a Barrel
15 February 2011 Oil reached above $85 a barrel today after a fall to two-and-half-month lows in the previous session due to high inventories at Cushing, Oklahoma. US crude for March increased by 42¢...

Oil Prices Surge Near $86
14 February 2011 Oil prices rose to $86 today following the resignation of Egyptian President Hosni Mubarak. US crude for March delivery increased 7¢ to stand at $85.65 a barrel by 05.25 GMT,...

Chevron Finds More Natural Gas in Australia
14 February 2011 Chevron has discovered gas in the Orthrus-2 well of the Carnarvon Basin offshore Western Australia. The Orthrus-2 well, located in the WA-24-R permit area about 100km north-west of...

Statoil Discovers Gas in North Sea
14 February 2011 Statoil has encountered gas and condensate to the west of the Gullfaks South field in the North Sea. The discovery is estimated to have reserves of between 19 million and 75 million barrels...

Ensco Signs Jack-Up Rigs Contract with Keppel FELS
14 February 2011 Ensco, through its subsidiary, has finalised a shipyard construction contract with Keppel FELS in Singapore for the construction of two new ultra-premium harsh environment jack-up rigs. ...

Eni Begins Oil Production from Nikaitchuq Field
11 February 2011 Eni has commenced oil production on its first Arctic project at the Nikaitchuq field, located offshore the North Slope of Alaska. The field has recoverable reserves estimated at 220...

Oil Prices Above $87 Over Egyptian Uncertainty
11 February 2011 Oil prices rose above $87.40 a barrel after Egyptian President Hosni Mubarak ruled out his immediate resignation. US crude for March delivery increased by 73¢ to stand at $87.46 a...

EnCore Oil Finds Hydrocarbons in Catcher North Well
11 February 2011 EnCore Oil has encountered hydrocarbons in the Tay and Cromarty Sandstone intervals of Catcher North appraisal well 28 / 9-3, which is located in UK Central North Sea block 28 / 9. The well...

Nexans to Manufacture Subsea Umbilicals for Subsea 7
11 February 2011 Nexans has won a contract from Subsea 7 to design, engineer and manufacture static subsea electro-hydraulic control umbilicals for the Laggan-Tormore gas field development. The...

Anadarko Finds Gas Offshore Mozambique
10 February 2011 Anadarko Petroleum has discovered major deepwater natural gas bases off the coast of Mozambique. The discovery at the Tubarao prospect has more than 110ft of natural gas pay and no water in...

Oil Prices Rise On Egyptian Turmoil
10 February 2011 Oil prices rose on Thursday on continued unrest in Egypt and tighter North Sea supplies. US crude for March gained 19¢ to stand at $86.91 a barrel at 11.07 ET, while ICE Brent...

Providence and Shell Sign Oil Purchase Deal
10 February 2011 Providence Resources has entered into an agreement with Shell International Trading and Shipping Company to negotiate an oil offtake sale and purchase agreement for future oil production from...

Bowleven Discovers Oil Offshore Cameroon
10 February 2011 Bowleven has encountered a prospective hydrocarbon column at the Sapele-1 exploration well in the Douala Basin, off the coast of Cameroon. Bowleven plans to carry out appraisal drilling...

SeaBird Wins $20m Offshore Survey Contracts
09 February 2011 SeaBird Exploration has received contracts worth $20m to conduct surveys in 2D and 3D shallow waters using its seismic vessels. Aquila Explorer will extend its stay in New Zealand for...

Oil Prices Rise as US Inventory Falls
09 February 2011 Oil prices rose above $87 a barrel today, following a fall in crude inventories in the US and strong performances in the global stock markets. US crude for March increased by 33¢ to...

Clough Awarded Offshore Indonesia Contract
09 February 2011 Clough and partner PT Advanced Offshore Services have received a contract from ConocoPhillips for remedial work in the Natuna Sea, Indonesia. The scope of work involves installing a...

Shell Abandons Offshore Alaska Drilling
09 February 2011 Royal Dutch Shell has abandoned its plans to drill offshore Alaska this year because it lacks a crucial environmental permit. Out of 34 approvals needed to commence drilling, Shell is due...

Aker Solutions Wins ABB Goliat Installation Contract
08 February 2011 Aker Solutions subsidiary Aker Marine Contractors has received a contract from ABB to install its subsea power cable for the Goliat field in the Barents Sea. Aker Marine Contractors...

Oil Rises Above $87
08 February 2011 Oil prices rose above $87 on Tuesday amid uninterrupted oil supplies through the Suez Canal and the possibility of an increase in US crude inventories. US crude for March rose 13¢ to...

UK Missing Out on $44bn North Sea Tax Revenue
08 February 2011 The UK Government is missing out on tax revenue worth $44bn from a predicted 600,000 barrels of oil equivalent per day from discoveries in the UK Continental Shelf, according to consultancy...

Nord Stream Finishes Line 1 Work on Russia-EU Natural Gas Pipeline
08 February 2011 Nord Stream's pipelay vessel Solitaire has finished work on the twin natural gas pipeline linking Russia to the European Union through the Baltic Sea. More than 83,300 pipe segments were...

Ithaca Energy Plans Jacky Field Drilling
07 February 2011 Ithaca Energy and its wholly owned subsidiary Ithaca Energy (UK) is to drill a second production well in the Jacky field to access additional production and reserves. The Jacky field...

Oil Recovers from Egyptian Turmoil
07 February 2011 Oil prices recovered today from Friday's near 2% fall, which was attributed to the ongoing turmoil in Egypt and a fall in the US unemployment rate. US crude for March rose 7¢ to...

SSE Acquires North Sea Gas Assets from Hess
07 February 2011 Scottish and Southern Energy (SSE) has completed the acquisition of North Sea natural gas and infrastructure assets from Hess. The $324m acquisition has helped the firm gain control...

Magellan, Santos Agree Closing Date Extension for Evans Shoal Stake Sale
07 February 2011 Magellan Petroleum Australia and Santos Offshore have agreed to extend the closing date of the sale of Santos' 40% stake in the Evans Shoal gas field, offshore Austalia's Northern Territory. ...

UK Court Freezes BP-Rosneft Deal
04 February 2011 London's High Court has granted an injunction to freeze BP's $8bn Arctic exploration deal with Rosneft. BP's Russian oligarch partners in the consortium Alfa-Access-Renova (AAR), which has...

GE to Supply Subsea Systems for Maersk Oil North Sea Projects
04 February 2011 GE Oil & Gas is to supply seven subsea tree and wellhead systems to Maersk Oil North Sea for exploration and development projects in the UK North Sea. The $20m order was made under a...

Oil Prices Spurred by Egypt Crisis, US Employment Data
04 February 2011 Oil prices rebounded on Friday due to the fragile situation prevailing in Egypt and US employment data. US crude rose 40¢ to stand at $90.94, while ICE Brent crude for March increased...

McDermott to Fabricate Alen Gas-Condensate Platform
04 February 2011 McDermott International is to fabricate a 15,000t platform for Noble Energy's Alen Gas-Condensate Development Project off the east coast of Bioko Island, Equatorial Guinea. Under the...

Maersk Oil to Boost Interest in Angola Block 16
03 February 2011 Maersk Oil will acquire an additional 15% interest in block 16 in Angola from Devon Energy for an initial payment of $70m, subject to regulatory approval. The acquisition increases...

Oil and Gas Trio to Develop Berantai Field
03 February 2011 SapuraCrest Petroleum has entered into a joint venture agreement with Petrofac and Kencana Petroleum to develop and operate the Berantai oil and gas field. The field is located 150km off...

AMEC Wins BG Group North Sea Contract
03 February 2011 BG Group has appointed AMEC to provide engineering, procurement, construction, commissioning and project management support for its facilities in the central North Sea, including the Armada,...

Oil Prices Rise on Egyptian Violence
03 February 2011 Oil prices increased on Thursday as continued violence in Egypt raised fears of more unrest across the Middle East. US crude went up by 59¢ to stand at $91.45 a barrel, while ICE...

Regulators Try to Stop Apache Gulf of Mexico Gas Leak
02 February 2011 The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) has begun work to stop a natural gas leak at Apache's production platform in the Gulf of Mexico. Apache personnel...

Exxon Drills World's Longest Extended-Reach Well at Odoptu
02 February 2011 Exxon Mobil subsidiary Exxon Neftegas has successfully drilled the world's longest extended-reach well at the Odoptu field, offshore the Russian Far East. The Odoptu OP-11 well reached a...

Subsea 7 Wins Offshore Brazil Contracts
02 February 2011 Subsea 7 has received two new contracts from Petrobras for activities offshore Brazil. One of the contracts, worth $40m, is for diving services for new construction tasks and...

Oil Prices Steady Despite MENA Regime Fears
02 February 2011 Oil prices remained steady on Wednesday as strong anti-government demonstrations in Egypt raised fears about possible regime changes in the Middle East and North Africa. US crude increased...

EMGS Wins $8.5m Mozambique Data Acquisition Contract
01 February 2011 Electromagnetic Geoservices (EMGS) has won a contract worth $8.5m to acquire 3D electromagnetic data offshore Mozambique. The firm said it will mobilise the vessel BOA Galatea,...

Oil Prices Fall on Slow Chinese Factory Growth
01 February 2011 Oil prices dipped today as China's factory growth reached a five-month low, indicating that demand for oil from one of the world's largest oil consumers would not rise immediately. US...

Odfjell Wins Statoil Veslefrikk Contract
01 February 2011 Odfjell Drilling has won an EPC contract from Statoil for the Veslefrikk field, which is located in block 30 / 3 in the Norwegian Continental Shelf. The contract, worth Nkr160m ($28m),...

BP Roseneft Deal Faces TNK-BP Legal Challenge
01 February 2011 The three joint owners of BP's Russian operations TNK-BP have filed for an injunction in London, seeking an end to the ongoing negotiations with Russia's biggest oil firm Rosneft. BP...

January 2011

Top

Oil Nears $90 Over Egyptian Unrest
31 January 2011 Oil prices neared $90 on Monday amid growing concerns about anti-government protests in Egypt. US crude increased 22¢ to stand at $89.56 a barrel on Monday, while ICE Brent crude...

Keppel to Build Jack-Up Rigs for Discovery Offshore
31 January 2011 Keppel FELS will construct two harsh environment jack-up rigs based on the proprietary KFELS Super A Class design for Discovery Offshore. The high-specification rigs will be capable...

Permit Delays Put Gulf Of Mexico Developments At Risk
31 January 2011 Extending permit timelines for drilling in the Gulf of Mexico may affect long-term deepwater development in the region, according to a Wood Mackenzie study sponsored by the American...

Pertamina, Medco to Invest $1.9bn in Donggi-Senoro LNG Project
31 January 2011 Pertamina and PT Medco Energy International will spend $1.9bn on the Donggi-Senoro liquefied natural gas (LNG) project in Sulawesi, Indonesia. The project aims to produce two million tonnes...

Oil Falls Amid Speculations About OPEC Production
28 January 2011 Oil prices fell to a near two-month low amid weak economic data and speculations about OPEC increasing production to bring down prices. US crude for March fell 15¢ to stand at $85.49...

Angola Awards Exploration Concessions for Deepwater Blocks
28 January 2011 Angola has awarded concessions to major oil firms including BP, Total and Eni to explore its ultra-deepwater blocks, known as pre-salt blocks. Other firms awarded concessions...

OGX Discovers Hydrocarbons in Campos Basin
28 January 2011 OGX has discovered hydrocarbons in the Albian section of well 1-OGX-28D-RJS in the Campos Basin, offshore Brazil. The OGX-28D well is located in the BM-C-41 block and is situated 80km off...

EnCore Oil Begins Drilling Catcher North Well
28 January 2011 EnCore Oil has started drilling the Catcher North appraisal well 28 / 9-3 in Central North Sea Block 28 / 9. The heavy-duty jack-up rig Transocean Galaxy II was used to drill the well and...

Licensees Submit Visund South Development Plan
27 January 2011 Licensees for the offshore Visund South field have submitted a NkrK5.6bn ($96.8m) plan for development and operation to the Ministry of Petroleum and Energy of Norway. If approved, the scope...

ONGC Diverts Mumbai High Output After Plugging Leak
27 January 2011 Oil & Natural Gas Corporation (ONGC) has resumed production at the oil and gas wells that were closed down after a leak at the Mumbai Uran trunk oil pipeline off India's west coast. ...

PunjLloyd Wins Indonesia Offshore Pipeline Contract
27 January 2011 PunjLloyd Group has won a Rs2.7bn ($59m) contract from Pertamina for the development of a pipeline off the coast of Indonesia. Work on the project includes the engineering,...

Oil Prices Rise Above $91
27 January 2011 The price of oil rose above $91 per barrel today due to high inventories at the Cushing, Oklahoma, delivery point. US crude increased 6¢ to stand at $91.17 and Brent crude for...

Valiant Discovers Oil in Don Southwest Well
26 January 2011 Valiant's Don Southwest 'E' Panel exploration well (211 / 18a-S7) in the UK Continental Shelf has encountered a hydrocarbon-bearing Brent sand formation at a total depth of 3,517m. The...

Oil Prices Rise in Technical Rebound
26 January 2011 The price of oil rose in a technical rebound today, with the dollar holding near a ten-week low following a plan to cut spending. US crude oil for March delivery increased 34¢ to stand...

West Delta Deep Marine Phase 7 Begins Gas Production
26 January 2011 BG Egypt has started incremental gas production through phase 7 of the West Delta Deep Marine (WDDM) concession. Phase 7 comprises a new 68km, 36in offshore pipeline with associated...

Brent North Sea Platforms Remain Closed
26 January 2011 Four North Sea Brent oil and gas platforms, which were shut down on 15 January 2011, will remain closed for several weeks. The platforms were shut down as a precaution after one of the...

Oil Falls on Expected Rise in Inventories
25 January 2011 The price of oil fell today for the second time due to an anticipated rise in US stocks and a weak technical outlook. US crude for March decreased by 27¢ to stand at $87.60 a barrel...

Buccaneer to Acquire Jack-Up Rig for Cook Inlet
25 January 2011 Buccaneer is to acquire a jack-up rig to operate in all areas within the Cook Inlet, the Beaufort Sea and the Chukchi Sea off the Alaska North Slope. The jack-up Buccaneer will have the...

Helix Provides Gulf of Mexico Deepwater Containment System
25 January 2011 Helix Energy Solutions Group is to provide the Helix Fast Response System (HFRS) as its spill response resource for the US Gulf of Mexico as part of a plan submitted by oil and gas producers...

BHP Billiton Approves Capex for Offshore Australian Projects
25 January 2011 BHP Billiton has approved the increase in capital expenditure for the Esso Australia-operated Kipper and Turrum projects in the Gippsland Basin, offshore Victoria, Australia. Kipper's...

FMC Technologies Wins Subsea Angola Contract
24 January 2011 FMC Technologies will manufacture and supply subsea production equipment to Total Exploration & Production Angola for the Girassol Resource Initiative (GirRI) project. Equipment...

Chevron to Accelerate Platong II Start-Up
24 January 2011 Chevron Corporation is to start up the $3.1bn natural-gas project Platong II in the Gulf of Thailand in 2011, one year ahead of schedule. The shallow water Platong II development, which...

Oil Prices Remain Above $89
24 January 2011 Oil prices continue to stay above $89 a barrel as investor optimism for economic recovery in developed countries is expected to push up demand for commodities. US crude for March delivery...

Maersk Oil Awarded Norwegian Licence
24 January 2011 Maersk Oil has won a licence in the Norwegian North Sea as a part of the latest APA Licensing Round. The licence is a geographical extension of licence PL501, where operator Lundin and...

Apache to Continue Survey for Potential Gas Leak
21 January 2011 Apache Corporation is to continue a subsea survey to identify the source of water disturbance near East Cameron block 278's platform B, offshore Louisiana, US, in the Gulf of Mexico. The...

Norway Offers Continental Shelf Production Licences
21 January 2011 The Norwegian Petroleum Directorate (NPD) has sent offers to 39 firms for 50 new production licences on the Norwegian continental shelf. Of the 50 production licences, 31 are located in...

Oil Falls 2% on US Inventories and Chinese Inflation Policies
21 January 2011 Oil dropped 2% today, following a rise in US inventories and speculation about tightening Chinese policies to counter inflation. US crude for March was up 9¢ to stand at $89.71...

Northern Offshore Wins Perenco Rig Contract
21 January 2011 Northern Offshore UK has won a contract from Perenco UK for the jack-up drilling rig Energy Enhancer. The contract calls for two well abandonments on the Welland field in the UK Southern...

Oil Falls to $90 on High Inventory Expectations
20 January 2011 Oil prices fell to just above $90 a barrel today on investor expectations that crude inventory deliverables will remain high for some time. US crude for February delivery fell 21¢ to...

Noble to Replace Underperforming Rig in Brazil
20 January 2011 Noble Corporation plans to replace its underperforming Noble Muravlenko rig for Petrobras in Brazil with Noble Phoenix, which is deployed with Royal Dutch Shell in Brunei. Noble Phoenix will...

China Discovers New Gas Sites in South China Sea
20 January 2011 Geologists in China have discovered 38 oil and gas basins in the northern South China Sea and plan to explore them this year. Vice-minister of Land and Resources Wang Min told China Daily...

ANP Approves Work Programme Variation on Timor Sea Block
20 January 2011 The Autoridade Nacional Do Petroleo (ANP) has approved the Joint Petroleum Development Area's proposal to vary the production sharing contract (PSC) work programme. The variation will...

Apache to Resume Work on Van Gogh Oilfield
19 January 2011 Apache Corporation intends to resume production of the Van Gogh oilfield, offshore Western Australia, this month following repairs at a production vessel. Apache spokesman David Parker said...

Oil Edges to $92 on Weak Dollar
19 January 2011 Oil prices rose to near $92 a barrel today, supported by a fall in the dollar to two-month lows. US crude for February delivery increased by 48¢ to stand at $91.86 a barrel by 05.30...

Noble Signs Shell Drilling Contract
19 January 2011 A Noble Corporation subsidiary has signed a letter of intent (LoI) with a subsidiary of Royal Dutch Shell for a drilling contract on a newbuild, ultra-deepwater drillship. The five and a...

BP Awarded South Australian Deepwater Exploration Blocks
19 January 2011 BP has received four deepwater offshore blocks in the Ceduna Sub Basin within the Great Australian Bight, off the coast of South Australia. BP will explore a exploration permit for...

Xcite Gets Extended Service from Rowan Norway Jack-Up Rig
18 January 2011 Xcite Energy has extended its letter of intent (LoI) with British American Offshore for the N-Class Rowan Norway jack-up rig. The firm secured the rig for its operations in the Bentley...

BP, Rosneft Agree on Strategic Global Alliance
18 January 2011 BP and Rosneft have agreed on a strategic global alliance under which both companies will explore and develop three licence blocks, EPNZ 1, 2 and 3, on the Russian Arctic continental shelf. ...

UNX Energy Signs Petroleum Geo-Services 3D Seismic Contract
18 January 2011 UNX Energy has signed a 3D seismic studies contract with Petroleum Geo-Services. UNX plans to acquire approximately 1,125km² of 3D seismic data on the 90%-owned Exploration...

Oil Prices Above $91 on Strong Dollar
18 January 2011 Oil prices continued above $91 a barrel today, after falling the previous day as the dollar strengthened and the shut-down Trans-Alaska pipeline resumed operations. Crude for the...

Oil Prices Rise Above $91 on Stronger US Equities
17 January 2011 Oil prices continued above $91 a barrel today, after a slight rise late last week on the back of strengthening US equities. Crude for February delivery stood at $91.52 a barrel by 00.09...

Technip Wins Contract for Chevron's Jack and St Malo Fields
17 January 2011 Technip has been awarded a subsea contract by Chevron North America Exploration and Production for the development of the Jack and St Malo fields in the Gulf of Mexico. The fields are located...

Energy Partners to Acquire Anglo-Suisse Gulf of Mexico Assets
17 January 2011 Energy Partners is to acquire oil and natural gas-producing assets in the shallow waters of the central Gulf of Mexico shelf from Anglo-Suisse Offshore Partners for $201m. The areas...

OGX Completes OGX-23 Well in Santos Basin
17 January 2011 OGX Petroleo e Gas has completed drilling well 1-OGX-23-RJS in the BM-S-58 block, in the shallow waters of the Santos Basin, offshore Brazil. The well is situated about 107km off the coast, at...

Sonde Resources Completes Zarat North-1 Well Test
14 January 2011 Sonde Resources has completed drilling and production testing on the Zarat North-1 appraisal well on the 7th of November block, offshore Tunisia and Libya. Drilled vertically to a depth...

Technip to Supply CLOV Field Umbilicals
14 January 2011 A Technip consortium of two of its subsidiaries, Angoflex and DUCO, will supply umbilicals for the CLOV field development, offshore Angola, for Acergy Angola and Acergy West Africa. CLOV,...

Oil Falls to $91
14 January 2011 Oil prices fell to $91 today, pulled down by an increase in the country's jobless claims, while Brent crude continues at $98 a barrel. The US West Texas Intermediate (WTI) contract fell...

Mexico Oil and Gas Regulator Launches Offshore Rules
14 January 2011 Mexico's oil and gas regulator The National Hydrocarbon Commission has introduced new rules for deepwater drilling to prevent disasters similar to BP's Gulf of Mexico oil spill last year. As...

UK to Increase Offshore Inspections
13 January 2011 The UK has announced plans to bring improvements in offshore inspections with an increase in the number of offshore environmental oil and gas inspectors. The increase in staff will increase...

US Oil Spill Commission Urges Offshore Industry Reforms
13 January 2011 The US Oil Spill Commission has released the final report investigating the BP oil spill in the Gulf of Mexico and called for reforms in the offshore oil industry. Urgent reforms in...

Dana Petroleum Completes Work on Mauritanian Well
13 January 2011 Dana Petroleum has completed work on the Cormoran-1 exploration well, which was drilled to a total depth of 4,695m below sea level and plugged and abandoned as a gas discovery. Cormoran-1,...

Oil Nears $92 on Inventory Fall and Cold Weather
13 January 2011 Oil prices continued gains to near $92 a barrel today, supported by signs of higher demand after crude stockpiles fell lower than expected and a cold snap swept through the US Northeast. ...

Bowleven Encounters Hydrocarbon Pays Offshore Cameroon
12 January 2011 Bowleven's Sapele-1 exploration well in the Douala Basin, offshore Cameroon, has encountered further hydrocarbon-bearing pay in the Tertiary and Cretaceous objectives. The well was designed...

Tullow Finds Gas in Tweneboa-3 Well Offshore Ghana
12 January 2011 Tullow Oil has encountered gas condensate in the sandstone reservoirs of the Tweneboa-3 appraisal well in the Deepwater Tano licence offshore Ghana. The well, which is located over...

Oil Prices Above $91
12 January 2011 Oil prices rose above $91 today as investors expected a tightening of supplies due to production shutdowns in Norway and Alaska. US crude increased by 37¢ to stand at $91.48, while...

GDF SUEZ Bonaparte Awards Contracts for Floating LNG Project
12 January 2011 GDF SUEZ Bonaparte has awarded pre-front end engineering and design contracts to Granherne and DORIS Engineering for the Bonaparte LNG project. GDF SUEZ Bonaparte is the operator of the...

Oil Above $89 on Alaskan Pipeline Restart
11 January 2011 Oil prices continue to venture above $89 today on expectations that the Trans-Alaska Pipeline would resume flows within a few days. Crude for February rose by 1¢ to stand at $89.26 a...

Subsea 7 Inc, Acergy Complete Merger
11 January 2011 Subsea 7 Inc and Acergy successfully completed their merger to form Subsea 7 SA on 7 January 2011. Subsea 7 CEO Jean Cahuzac said the creation of the new company in...

UK Committee Voices Concerns About Deepwater Drilling Moratorium
11 January 2011 The UK's Commons Energy and Climate Change Committee has warned against the moratorium on deepwater drilling in a new report because it might undermine energy security. The committee...

KCA Deutag Wins Drilling Contract For BP's Caspian Assets
11 January 2011 KCA Deutag has received a six-rig contract from BP to manage all the BP-operated platform drilling assets in the Caspian region. BP is the operator of the Azeri-Chirag-Gunashli and Shah...

Aker Marine to Install MODEC FPSO Offshore Angola
10 January 2011 Aker Solutions subsidiary Aker Marine Contractors will install the Bourgogne FPSO offshore Angola for MODEC Offshore Production Systems under a new $30m contract. Aker will install the...

Oil Prices Surge Above $89
10 January 2011 Oil prices rose by $2 this morning to almost $90 a barrel following the shutdown of an Alaskan pipeline, which carries 12% of US crude output, due to a leak. Crude for February rose $1.32...

Marathon Terminates Noble Jim Day Contract
10 January 2011 Marathon Oil has terminated its drilling contract with Noble Corporation for the ultra deepwater semisubmersible drilling rig Noble Jim Day. Marathon had not accepted the rig by 31 December...

Technip to Develop Enbridge Gas Gathering System
10 January 2011 Technip is to develop the Walker Ridge gas gathering system in the Gulf of Mexico at a water depth of 7,000ft for Enbridge Offshore Facilities. The contract includes the engineering,...

Clough Helix to Sign COOEC Offshore Installation Support Deal
07 January 2011 Clough Helix Joint Venture has received a letter of intent from COOEC Subsea Technology for offshore installation support activities on the Huizhou Field, offshore China. The work...

Entek Energy Encounters Gas Pay in Gulf of Mexico Well
07 January 2011 Entek Energy's GA A133 well in the Gulf of Mexico is temporarily suspended, awaiting tie-in to production, after intersecting around 200ft of net gas pay. The well, interpreted from logs...

Oil Falls Below $89
07 January 2011 Oil prices dropped below $89 today as a stronger dollar curbed demand for commodities. US crude increased by 8¢ to stand at $88.46, while Brent crude for February fell by 79¢...

CNOOC to Invest $151bn in Oil Acquisitions by 2015
07 January 2011 China National Offshore Oil Corp (CNOOC) intends to invest between CNY800bn and CNY1trn ($121bn-$151bn) by 2015 to meet China's demand for oil. CNOOC head Fu Chengyu told China Daily that...

Bad Management Caused BP Oil Spill
06 January 2011 Bad management has been blamed for the BP oil spill, which killed 11 people in the Gulf of Mexico last year. In a 48-page report, the presidential commission said that the failures by...

Oil Rises Above $90 on Recovery Optimism
06 January 2011 Oil prices rose above $90 a barrel today on optimism about a faster economic recovery following unexpected gains in US private sector jobs. February crude increased by 92¢ to stand...

Tap Oil to Drill Zola-1 Well to Target Depth
06 January 2011 Tap Oil is to drill the Zola-1 well off Carnarvon Basin, Western Australia, to reach the primary Mungaroo Formation target at 4,300m below sea level. The well, which is located in...

Repsol, Sinopec to Cooperate on Global Opportunities
06 January 2011 Repsol and Sinopec have decided to take their cooperation further following agreements reached in Brazil. The two firms plan to create working groups to analyse new business...

EnCore Discovers Oil in Valdero Well
06 January 2011 EnCore Oil has discovered oil in the Varadero exploration well 28 / 9-2 in UK Central North Sea block 28 / 9 at a measured depth of 4,020ft within the target Tay Sandstone level. The well...

Oil Falls Below $89 on Strong Dollar
05 January 2011 Oil fell for a second day today, as a stronger dollar pulled down investor enthusiasm for commodities. US crude for February dropped 43¢ to stand at $88.95 a barrel at 07.12 GMT and...

Petrofac to Develop Petronas Offshore System
05 January 2011 Petrofac has been awarded a contract to develop the SEPAT offshore early production system on the east coast of Peninsular Malaysia for Petronas Carigali for $280m. Petrofac will undertake...

Firms May Resume Suspended Deepwater Drilling
05 January 2011 The 13 firms whose deepwater drilling activities were suspended by last year's deepwater drilling moratorium may resume work, according to the US Bureau of Ocean Energy Management, Regulation...

Seadrill to Acquire Seadragon Semisubmersible Rigs
05 January 2011 Seadrill has signed an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II, which are being built at the Jurong Shipyard in Singapore. ...

PXP Completes Sale of Gulf of Mexico Shallow Water Properties
04 January 2011 Plains Exploration & Production Company (PXP) has completed the divestment of its Gulf of Mexico shallow water shelf properties to McMoRan Exploration. PXP received $86m for all of...

Oil Prices Near Two-Year High
04 January 2011 Oil edged towards its highest price levels in more than two years today, supported by accelerating manufacturing activity and expectations of decreasing crude inventory. US crude for...

Noble Energy Discovers Gas Offshore Israel
04 January 2011 Noble Energy has discovered natural gas at the Leviathan exploration prospect offshore Israel. The well spud in the Rachel licence encountered a minimum of 220ft of net natural gas pay...

FX Energy Begins Production on KSK Project
04 January 2011 FX Energy has begun its KSK production project in Poland. The KSK production project serves three wells including Sroda-4, Kromolice-1 and Kromolice-2. The Sroda-4 well is providing...

December 2010

Top

Season's Greetings
24 December 2010 offshore-technology.com will be taking a short break over the holiday season. Our full daily news service will return on 4 January 2011. Thank you for your support in 2010 and we wish you a...

TGS to Begin 3D Survey in Tarakan Basin
24 December 2010 TGS will begin a new multi-client 3D survey in the Tarakan Basin off East Kalimantan, Indonesia, in the Celebes Sea. TBN10 is the first multi-client 3D survey for TGS in Indonesia waters...

ShawCor to Provide Subsea Insulation on Jack / St Malo
24 December 2010 ShawCor's pipe coating division, Bredero Shaw, is to provide subsea insulation coatings for the Jack / St Malo project, which is operated by Chevron North America. For the contract, which...

Aker Wins Technip Goliath Contract
24 December 2010 Aker Solutions is to provide the tie-in and connector scope for the Goliat flowlines and risers contract for Technip Norway. The work includes outboard remote tie-in system termination heads...

Tap Oil Drills Zola-1 Well Offshore Western Australia
24 December 2010 Tap Oil has drilled the Zola-1 exploration well, which is located in the offshore Carnarvon Basin, Western Australia, to a depth of 3,509m. Zola-1 is located in permit WA-290-P,...

Halliburton Receives ConocoPhillips Contract for Jasmine Field
23 December 2010 Halliburton has received a contract from ConocoPhillips to aid in the development of the high-temperature Jasmine discovery in the central North Sea. The contract includes directional...

EnCore Oil Spuds Varadero Well in North Sea
23 December 2010 EnCore Oil has begun drilling the Varadero exploration well 28 / 9-2 on block 28 / 9 in Central North Sea. The EnCore-operated well is being drilled using the Transocean Galaxy II jack-up...

Oil Climbs Near $91 on Global Demand Surge
23 December 2010 Oil prices have climbed near $91 a barrel, marking a two-year high today as global demand saw an unexpected boost that resulted in the biggest dip in US crude stockpiles in over a decade. ...

Shell to Receive FMC’s Subsea Systems for Cardamom Deep Project
23 December 2010 Shell will receive subsea and topside systems for its Cardamom Deep project in the Gulf of Mexico from FMC Technologies, under a new deal. Cardamom Deep is a subsea tie-back to Shell's...

Roc Oil to Sell Carnarvon Basin Interest to Woodside
22 December 2010 Roc Oil is to sell its 20% interest in WA-351-P in the Carnarvon Basin in Western Australia to Woodside Energy for $15.7m. ROC acting CEO Alan Linn said that the nature of the...

Petro-Canada Completes North Sea Appraisal Well
22 December 2010 Petro-Canada Norge has completed the drilling of appraisal well 34 / 4-13 S on production licence 375. The well, drilled about 15km north-west of the Snorre field in the North Sea, will...

FMC to Provide West Boreas Subsea Systems
22 December 2010 FMC Technologies is to supply subsea and topside systems for the West Boreas field development under an agreement with Shell Offshore. The West Boreas field is located in the Gulf of Mexico...

Oil Hovers Near $90 on Declining Inventories
22 December 2010 Oil prices rose today to reach near $90 a barrel aided by a fall in US oil and petrol inventories, cold weather in the US and Europe, and thin trading volumes. US crude for February...

Marathon Oil to Sell Interests in NCF Licenses to Statoil
21 December 2010 Marathon Oil has sold its interests in production licences PL 025, PL 048E and PL 187 on the Norwegian Continental Shelf to Statoil for $85m. The transaction includes Marathon's 20%...

Marathon Oil to Sell Interests in NCF Licenses to Statoil
21 December 2010 Marathon Oil has sold its interests in production licences PL 025, PL 048E and PL 187 on the Norwegian Continental Shelf to Statoil for $85m. The transaction includes Marathon's 20%...

Petrobras Discovers Light Oil Offshore Brazil
21 December 2010 Petrobras has encountered light oil in the sandstone reservoirs of the post-salt section of the Espirito Santo Basin, offshore Brazil. The firm hit oil in drilling well 1-BRSA-882-ESS, which...

Oil Prices Continue Rise
21 December 2010 Oil prices rose consecutively for the third day today as cold weather continues in the US and Europe along with seasonal demand for petrol and an expected drop in US crude stocks. US crude...

Oil Price Up on Cold Weather in Europe and US
20 December 2010 Oil prices went up today as forecasts for freezing temperatures in Europe and the north-east of the US led to an increased demand for heating fuel. US crude for January went up 14¢...

Petrobras Begins Well Test at Campos Basin Pre-Salt
20 December 2010 Petrobras has begun the extended well test (EWT) for the Carimbé reservoir in the Campos Basin. The reservoir discovered in May 2009, is situated 108km off the coast of Rio de...

BG Group Confirms Light Oil in Tupi, Off Brazil
20 December 2010 BG Group has confirmed the presence of light oil in the Tupi area, with the successful drilling of the 11th well on the BM-S-11 concession in the Santos Basin, offshore Brazil. The...

Eni Discovers Gas in Jangkrik Field Off Indonesia
20 December 2010 Eni has encountered gas at the new Jangkrik 3 well in the Muara Bakau permit area, off the coast of Borneo, Indonesia. Jangkrik 3 is 70km off the Eastern Borneo coast at a water depth of...

BG Group Makes Gas Find Off China
17 December 2010 BG Group has encountered gas-bearing sands in the Lingshui 22-1-1 exploration well on block 64/11 off the shore of China. The well is the first drilled by BG Group in China and is in...

US Files Suit Against BP for Oil Spill
17 December 2010 The US Justice Department has filed a suit against BP Exploration and Production and eight other firms to recover losses resulting from the Gulf of Mexico oil spill earlier this year. The...

Tullow and Partners Discover First Oil Offshore Ghana
17 December 2010 Tullow Oil and its partners have made the first oil find from the Jubilee field, offshore Ghana. Oil first flowed into the floating production, storage and offloading (FPSO) system on...

Oil Rises Above $88 Due to Weak Dollar and Cold Weather
17 December 2010 Oil rose above $88 today, aided by a weaker dollar and cold weather in the US and Europe. US crude for January contract, which expires on Monday, went up 56¢ to $88.26 a barrel by...

Oil Prices Lower on EU Debt Concerns
16 December 2010 The price of oil edged downwards today as a possible downgrade of Spain's credit rating sparked eurozone debt concerns. US crude for January fell 16¢ to stand at $88.46 a barrel by...

Marathon Drills Bravo-1 to Total Depth
16 December 2010 Marathon Oil has drilled the deepwater Bravo-1 well offshore the island of Sulawesi in the Makassar Strait, Indonesia, to a total depth of 9,000ft. The well, which was drilled in a water...

Amberjack Approves Gulf Of Mexico Crude Oil Pipeline
16 December 2010 Amberjack Pipeline has approved the installation of a crude oil pipeline from the Jack and St Malo fields in the deepwater US Gulf of Mexico to a Shell platform in the Green Canyon 19 (GC19)...

TAG Oil Acquires Interest in New Zealand Offshore Basin
16 December 2010 TAG Oil has acquired a 20% interest in offshore exploration Permit PEP 52181, which is spread over an area of 171.5 million square metres in the main Taranaki oil and gas discovery...

Oil Price Falls on Weaker Recovery Hopes
15 December 2010 Oil prices eased today, as the US Federal Reserve dulls expectations for a faster economic recovery, which is needed to boost oil demand. US crude for January CLc1 fell 38¢ to $87.90 a...

Lundin Abandons Well Off Norway
15 December 2010 Lundin Petroleum has plugged and abandoned well 3/8-1 on the Barchan prospect off the coast of Norway. The exploration well 3/8-1 was targeting the Barchan prospect and reached a total...

Dragon Oil to Commission Pipeline Off Turkmenistan
15 December 2010 Dragon Oil has begun delivering oil and gas from the Lam and Zhdanov fields in the Caspian Sea, off the shore of Turkmenistan, through a new 30in, 40km pipeline to an onshore central...

CAMAC Energy to Acquire Allied Energy's Oil Leases
15 December 2010 CAMAC Energy will acquire Allied Energy's total interest in a production sharing contract (PSC) for oil mining leases 120 and 121 off the coast of Nigeria. Once the transaction is...

Oil Eases as Focus on Chinese Inflation Policy Continues
14 December 2010 Oil prices remained stable today as investors continue to focus on the likelihood that China will bring out a new monetary policy to counter inflation. US crude for January fell by 8¢...

OIL Plans First Cauvery Basin Offshore Exploration
14 December 2010 Oil India Ltd (OIL) is to begin its first offshore exploration activity as an operator under the NELP regime on the Cauvery Basin, India. The company won block CY-OSN-2009 / 2 in NELP VIII...

Bounty Oil to Spud New Seaclem-1 Well
14 December 2010 Bounty Oil & Gas is preparing to spud the New Seaclem-1 well, offshore New South Wales (NSW), Australia. For the project, the firm shifted the semi-submersible rig Ocean Patriot to...

Wellstream Accepts GE Acquisition for $1.3bn
14 December 2010 GE is to acquire 100% of Wellstream, an engineer and manufacturer of flexible pipeline products for oil and gas transportation in the subsea production industry. By acquiring...

Statoil Charters Semi-Submersible Rig for NCS
13 December 2010 Statoil has chartered the semi-submersible COSL Pioneer rig to maintain exploration activity on the Norwegian continental shelf (NCS) in 2011. The rig's work programme is being considered...

TGS to Begin 3D Survey on Offshore Benin Blocks
13 December 2010 TGS will start a multi-client 3D survey in blocks 5 and 6 off the coast of the Republic of Benin, West Africa. The project covers about 4,000km² in the deepwater area of the...

Lundin Receives PSC Contract for Offshore Indonesian Block
13 December 2010 Lundin Petroleum has won a new production sharing contract for the South Sokang block from MIGAS, the Indonesian oil and gas regulating authority. South Sokang is located in the Natuna...

Oil Moves Up on Flat OPEC Output
13 December 2010 Oil prices rose today after the Organization of the Petroleum Exporting Countries (OPEC) agreed to keep its output levels of crude oil flat. US crude for January increased by 29¢ to...

Bibby Wins Ithaca EPIC Contract
10 December 2010 Bibby Offshore has been awarded a contract to provide engineering, procurement, installation and construction (EPIC) services for Ithaca Energy's Athena field, offshore UK. The Athena field...

RWE Dea Norge Finds Oil in Titan Prospect
10 December 2010 RWE Dea Norge has made a new oil discovery in wildcat well 35 / 9-6 S, the first in the Titan prospect (PL 420) off the coast of Norway. The firm drilled the well using the...

Oil Above $88 on China Crude Imports
10 December 2010 Oil prices rose towards $89 for the second day running today as data from China's General Administration of Customs showed the country's crude imports returning to a trend of growth. US...

National Oilwell Varco Acquires FPSO Technology Firm
10 December 2010 National Oilwell Varco (NOV) has acquired BW Offshore subsidiary Advanced Production and Loading (APL). APL delivers turret mooring systems and other products for offshore vessels and...

Oil Back to $89 on Rising Equities
09 December 2010 Oil prices touched $89 today based on a weakened dollar and rising optimism that an extension of US tax cuts would drive consumption. US crude for January rose 1% to stand at $89.20 a...

Husky to Develop CNOOC Gas Field Offshore China
09 December 2010 Husky Oil China, a subsidiary of Husky Energy, and China National Offshore Oil Corporation (CNOOC) are to fund and operate the Liwan 3-1 deepwater gas field in the South China Sea. Husky...

GDF Suez Increases NOGAT Stake
09 December 2010 GDF Suez has increased its ownership in Northern Offshore Gas Transport (NOGAT) in the Netherlands, bringing its total equity to 48.2%. With the acquisition of an additional 18.2%...

BP to Buy Shell Stake in Gulf of Mexico Fields
09 December 2010 BP plans to exercise its preferential rights to acquire Shell's interest in W&T Offshore's Marlin and Dorado fields in the Gulf of Mexico. Recently, W&T acquired interests in five...

Brazil Tightens Hold on Offshore Oil Finds
08 December 2010 Brazil is to tighten control of new oil finds in the Tupi and Libra fields through new oil regulations approved by the country's lower house of congress. The regulations will increase...

Petrofac Acquires Interest in Gateway's Irish Sea Gas Storage
08 December 2010 Petrofac has acquired a 20% interest in the UK's Gateway Storage Company to develop a gas storage project in the East Irish Sea. Petrofac will become the technical project operator...

Karoon to Invest in Brazil, Peru Offshore Blocks
08 December 2010 Karoon Gas Australia is to invest $300m in exploration blocks offshore Brazil and Peru for oil and natural gas to boost its exploration plans. Karoon exploration director Tim Hosking told...

Oil Falls on US Petrol Stock Increase
08 December 2010 Oil prices fell for the second day running today after an industry report showed a larger-than-expected rise in US petrol stockpiles. Crude for January fell 65¢ to stand at $88.04 by...

Statoil Wins Interests in Canadian Offshore Licences
07 December 2010 Statoil has won interests in four offshore licences in Canada, including a discovery licence and three exploration licences off the coast of Newfoundland. The licences were awarded...

Oil Prices Fall Amid China Rate Hike Report
07 December 2010 Oil dropped from a 26-month high on Tuesday amid reports that China will hike its interest rates this weekend. The China Securities Journal published a report that offered China a...

BP: Gulf Oil Spill Rate Lower than US Government Estimate
07 December 2010 BP has suggested that the actual flow rate of its massive oil spill in the Gulf of Mexico may have been lower than the US Government's final estimate, according to the White House oil...

Keppel FELS Delivers Seadrill Jack-Up Rig
07 December 2010 Seadrill has received a new jack-up drilling rig, West Juno, from Keppel FELS in Singapore. West Juno, a sister rig to West Callisto, is the sixth Keppel FELS B Class rig to be constructed...

Crude Futures Rise as Dollar Weakens
06 December 2010 US crude futures rose today after a disappointing jobs report and cold weather in Europe and north-east US lifted heating fuel futures. Crude for January delivery CLc1 was up 23 cents at $89.42...

Ensco Sublets Ultra-Deepwater Rig to Tullow
06 December 2010 Ensco has sublet the ENSCO 8503, an ultra-deepwater semi-submersible drilling rig for Tullow Oil. Under the sublet agreement, the rig was mobilised to the US Gulf of Mexico for...

Aker to Provide Subsea Compression System for Statoil
06 December 2010 Aker Solutions will provide a subsea compression system to Norwegian oil and gas company Statoil for the Asgard development off the coast of Norway for around Nkr3.4bn ($554m). The...

Chevron Awards FEED Contracts for Indonesian Gas Field
06 December 2010 Chevron has announced front-end engineering and design contracts for the Gendalo-Gehem natural gas development in East Kalimantan, Indonesia. Located in the Makassar Strait offshore...

Total to Begin Work on West Franklin Field Phase II
03 December 2010 Total is to begin the phase II development of the West Franklin field, offshore UK, as approved by the UK Government’s Department of Energy and Climate Change (DECC). The West...

AGR to Manage Hyperdynamics’ Guinea Offshore Project
03 December 2010 Hyperdynamics Corporation has selected AGR Peak Well Management to manage its exploration drilling project, which is located offshore the Republic of Guinea. AGR will provide well...

Oil Nears 25-Month High
03 December 2010 Oil is trading near a 25-month high today, after a series of upbeat US economic data indicated good tidings for demand from the world's top user. US crude for January fell two cents to $87.98...

Acergy Wins Contract for Petrobras Offshore Field
03 December 2010 Petrobras has awarded Acergy a $190m contract for the Sul-Norte Capixaba Project, which is located offshore Brazil in water depths of 30-100m. For the $240m contract, the firm will work...

SASB to Serve PTTEP Australasia for Montara Project
02 December 2010 SapuraAcergy (SASB) is to provide offshore transportation and construction activities for PTTEP Australasia's Montara Development Project in Australia. The Montara Development Project...

Oceaneering to Supply Umbilicals for BHP Billiton Macedon Field
02 December 2010 Oceaneering International will supply umbilicals and distribution equipment for the development of the Macedon gas field, offshore Western Australia. BHP Billiton subsidiary BHP...

BG Group Makes Gas Find at Second Tanzanian Well
02 December 2010 BG Group has made a gas find at Chewa-1, its second Tanzanian exploration well in block 4, about 80km offshore southern Tanzania. The well is situated in a water depth of 1,300m and is...

Oil Falls on US Inventories
02 December 2010 Oil prices fell from a three-week high today on rising US crude inventories and probable tightening of Chinese policies. The front-month contract retreated 18¢ to stand at $86.57 a...

Great Offshore Jack-Up Rig Begins ONGC Charter
01 December 2010 Great Offshore's 91m jack-up rig, Kedarnath, has commenced a five-year contract with India's Oil and Natural Gas Corporation (ONGC). Kedarnath is one of 36 rigs operating for ONGC...

Tullow's Jubilee Field to Flow First Oil in December
01 December 2010 Tullow Oil and its consortium partners have announced that the Jubilee Field, offshore Ghana, is to flow its first oil from 15 December 2010. As part of the schedule, oil was produced...

Oil Steadies Near $84
01 December 2010 Oil prices are holding out near $84, while an industry report indicated a slowing of the downward pull for US fuel inventories. US crude for January edged up 12¢ to stand at $84.23 a...

NYK Eyes Offshore Shuttle Tanker Market
01 December 2010 Tullow Oil and its consortium partners have announced that the Jubilee Field, offshore Ghana, is to flow its first oil from 15 December 2010. As part of the schedule, oil was produced...

November 2010

Top

ONGC, Oil India to Enter City Gas Distribution Sector
30 November 2010 India's major natural gas producers Oil and Natural Gas Corporation (ONGC) and Oil India (OI) are to foray into the city gas distribution (CGD) sector, where they currently have no presence...

Iraq, Shell, Mitsubishi to Sign $12bn Deal on Basra Oilfields
30 November 2010 Iraq's South Gas Company (SGC) is to sign a $12bn deal with Royal Dutch Shell and Japan's Mitsubishi by the end of this year. SGC director general Ali Khudhier said the company will sign...

Oil Falls to $85 on Heating Demand Hopes
30 November 2010 Oil prices dropped to $85 on Tuesday as traders showed a wait-and-see attitude for further evidence of inventories being affected by a surge in heating demand. Expectations of a...

Anadarko Consortium Discovers Gas Presence Offshore Mozambique
30 November 2010 Anadarko Petroleum and its consortium partners have discovered a major natural gas presence in the Rovuma basin of Mozambique. A net total of 550ft of natural gas was discovered at the...

Inpex Transfers Indonesian Gas Field Stake to Energi Mega
29 November 2010 Inpex Masela has transferred a 10% participating interest in the Abadi gas field in the Arafura Sea, Indonesia, to Energi Mega Persada. Abadi, which includes a gas field and an...

Oil Rises as EU Approves Irish Rescue
29 November 2010 Oil prices rose to over $84 a barrel on Monday, aided by the European Union's approval of Ireland's rescue package. Crude for January surged by as much as 0.8% to stand at $84.46 a...

Woodside Discovers Gas at Australia's Remy-1
29 November 2010 Woodside has hit a gas pay in the Remy-1 well in the WA-404-P permit in Western Australia's Carnarvon Basin. Located 500m south of Woodside's existing gas discovery at Martell-1,...

BP to sell PAE Stake for $7bn
29 November 2010 BP is to sell its 60% stake in Argentina's Pan American Energy (PAE) for $7bn as part of a plan to carry the costs of the oil spill that devastated parts of the Gulf of Mexico this...

Apache Successfully Tests Spar-2 Appraisal Well
29 November 2010 Apache has successfully tested the Spar-2 appraisal well in permit WA-4-R, offshore Western Australia. The well test showed 58 million cubic feet of natural gas and 950 barrels of condensate...

Common Global Standards Required for Oil and Gas Health and Safety
26 November 2010 The oil and gas industry supports the need for common global standards for health and safety training, according to an Offshore Petroleum Industry Training Organization (OPITO) study. ...

Abu Dhabi's TAQA Restarts North Sea Rijn Oil Production
26 November 2010 Abu Dhabi National Energy Company (TAQA) has successfully restarted crude oil production from the Rijn field offshore the Netherlands, after a 12-year shut-down. TAQA applied advances...

BP Spuds Gas Off Egypt
26 November 2010 BP Egypt has made a gas discovery in Hodoa, located in the West Mediterranean Deepwater, Nile Delta concession, about 80km north west of Alexandria, off Egypt. The WMDW-7 well has been...

Oil Falls as Eurozone and China Concerns Continue
26 November 2010 Oil fell on this morning amidst post-holiday thin trade. The January contract fell 35 cents to $83.51 a barrel at 06.56 GMT (1:36 am ET) as the US dollar strengthened, while ICE Brent dropped...

OGN to Build New Oil Platform for Apache's UK Forties Field
25 November 2010 OGN Group has won a $240m contract to build a new satellite oil production platform for the Apache-operated UK Forties field in the central North Sea. The new platform will be bridge-linked...

Iran Discovers Major Oil Layer in Ferdowsi Offshore Field
25 November 2010 Iran's state-owned Pars Oil and Gas Company (POGC) has discovered a major oil layer beneath the Ferdowsi gas field off the coast of the Persian Gulf in southern Iran. POGC managing director...

Aker to Supply DEH Equipment for Technip Subsea Pipelines
25 November 2010 Aker Solutions will supply heating systems for the subsea pipelines that Technip will deliver and install at the Goliat field in the Barents Sea. Direct electrical heating (DEH) of pipelines...

Oil Falls as European Debt Concerns Persist
25 November 2010 Oil prices fell this morning after rising 3% yesterday on strong US macro-economic data due to continued pressure from European debt concerns. US crude for January fell 15¢ to stand...

Oil Rises on US Demand Expectations
24 November 2010 Oil prices rose to near $82 this morning, rebounding from recent losses. US crude for January gained 50¢ to stand at $81.75 a barrel at 07.33 GMT, after it slipped in Tuesday's...

Andarko Hits Oil-Gas Pay Off Brazil
24 November 2010 Anadarko Petroleum has hit an oil and gas pay in the Itauna 1 well in block BM-C-29, offshore Brazil. The well encountered over 275 net feet of oil and natural gas in two separate...

New Gas Find Will Help Venezuela Become Major Producer
24 November 2010 Venezuela is depending on a new gas field discovery by Eni to aid the country in becoming a major gas producer. Venezuelan Oil Minister Rafael Ramirez told the Associated Press that the...

HPCL to Divest Stake in Australian Block
24 November 2010 India's Hindustan Petroleum (HPCL) and its partners will divest 40% of their interests in the WA-388-P gas block, offshore Australia, to Apache Corporation. The block, located on the...

Oil Falls on Prevailing Irish Debt Concerns
23 November 2010 Oil dropped to near $81 today as the dollar gained against the euro due to fears that Ireland's debt crisis may spread in the eurozone. US crude for January shed 60¢ to stand at $81.14...

Total to Acquire Interest in Offshore Malaysia Block
23 November 2010 Total is to acquire an 85% interest in block SK317B, offshore Malaysia, from Petronas. As per the agreement Total will operate the block, while partner Petronas Carigali will hold...

Aker to Provide Equipment for OSX Vessel
23 November 2010 Aker Solutions will design, build and supply heavy oil separation equipment to an FPSO vessel operated by OSX in Brazil. Under the contract Aker will provide new equipment to the...

Statoil Partners to Develop Smorbukk North-East Field
23 November 2010 Statoil and its partners in the Norwegian Sea's Asgard licence will invest Nkr1bn ($166m) in developing the Smorbukk North-East segment as a satellite to the Asgard B platform. ...

Oil Gains Above $82 as Irish Concerns Wane
22 November 2010 Oil reached over $82 a barrel this morning, following two weeks of losses. Crude for new front-month January delivery was up 37¢ to stand at $82.35 a barrel by 23.58 GMT yesterday,...

Premier Oil, Hess to Explore North Red Sea
22 November 2010 Premier Oil and Hess will jointly explore the North Red Sea off the coast of Egypt. Premier Oil CFO Tony Durrant said the Egyptian development will augment the company's presence in...

Technip Wins Deal for Venezuela's First Offshore Gas Project
22 November 2010 Technip was awarded a contract for the engineering, procurement and construction management of Petroleos de Venezuela's Mariscal Sucre Dragon / Patao development, off the north-east coast...

Nexans to Provide Subsea Umbilical for Marulk Gas Field
22 November 2010 Nexans is to design, engineer and manufacture a subsea umbilical for the Marulk gas field on the Norwegian Continental Shelf for FMC Technologies. The static subsea control and...

Oil Falls Below $82
19 November 2010 US crude slipped to $81.44 a barrel by 05.09 GMT this morning after rising as high as $82.50. London Brent crude traded 44¢ lower to stand at $84.61 a barrel, reports Reuters. ...

Vantage Takes Delivery of Platinum Explorer Drillship
19 November 2010 Vantage Drilling has received the ultra-deepwater drillship Platinum Explorer from Daewoo Shipbuilding and Marine Engineering in South Korea. The vessel set sail from the shipyard in...

Subsea 7 Awarded Petrobras Pipelay Vessel Contract
19 November 2010 Subsea 7 will provide its pipelay vessel Lochnagar to Brazilian energy company Petrobras for $110m. Lochnagar will support engineering, field development and life-of-field work for...

Gazprom Neft, Petronas to Explore Offshore Cuban Blocks
19 November 2010 Gazprom Neft and Petronas will jointly explore and develop four Cuban offshore blocks under a transfer agreement and joint operating agreements. Gazprom Neft will receive a 30% stake in...

Shell Australia's FLNG Project Given Environmental Approval
18 November 2010 The Australian Government has granted environmental approval for Shell's Prelude Floating Liquefied Natural