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November 2014

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SeaBird secures $176m LOA from TGS for 2D surveys in Mexico and US
21 November 2014 SeaBird Exploration has secured a letter of award (LOA), worth about $176m, from TGS-NOPEC Geophysical (TGS) to undertake 2D seismic surveys in Mexico and the US...

Oyster Petroleum to acquire 30% interest in UK North Sea P.2132 licence
21 November 2014 Exploration and production firm Oyster Petroleum has agreed to acquire a 30% interest in the P.2132 licence, UK North...

Oil increases towards $80 amid increased OPEC output cut expectations
21 November 2014 Brent crude oil increased towards $80 a barrel today on strong US oil consumer data and increased expectations of a production cut by the OPEC at its meeting next...

Kinsale Energy to buy 80% interest in SEL 4/07 licence, offshore Ireland
20 November 2014 Kinsale Energy, a subsidiary of Malaysian oil company Petronas, has agreed to acquire an 80% interest in the SEL 4/07 Celtic Sea licence, offshore Ireland, from Lansdowne Oil &...

Brent crude steadies above $78 ahead of OPEC oil production meeting
20 November 2014 The price of Brent crude steadied above $78 a barrel on Thursday as the market awaits news of a possible oil production cut ahead of the Organization of the Petroleum Exporting Countries'...

Cairn Energy and partners complete SNE-1 well drilling programme, offshore Senegal
20 November 2014 Cairn Energy and its joint venture (JV) partners have completed operations on the SNE-1 well, offshore...

Eni and Sonangol to jointly develop oil and gas projects, offshore Angola
19 November 2014 Eni and Sonangol have signed an agreement to jointly develop oil and gas projects, offshore...

ShawCor wins second contract for Shah Deniz Stage 2 project in Azerbaijan
19 November 2014 ShawCor pipe coating division Bredero Shaw has secured a second contract from BP Exploration for pipeline coating work on the Shah Deniz Stage 2 development project in the Azerbaijan sector of...

Brent oil price drops towards $78 amid increase in Saudi Arabia crude exports
19 November 2014 The price of Brent crude oil dropped towards $78 a barrel today amid increased crude exports data from Saudi Arabia in...

Xcite Energy signs MOU with China Oilfield Services for Bentley field, UK North Sea
18 November 2014 Xcite Energy has signed a memorandum of understanding (MOU) with China Oilfield Services (COSL) to purchase a harsh environment jack-up drilling rig for the Bentley field, UK North...

Production starts at Tubular Bells field in US Gulf of Mexico
18 November 2014 Energy firm Hess and Chevron USA have commenced production at the Tubular Bells field, located in the Mississippi Canyon area of the deepwater US Gulf of...

Brent crude increases towards $80 ahead of OPEC meeting
18 November 2014 Brent crude increased to $80 a barrel today as struggling oil prices try to cope with ample supply concerns ahead of the Organization of the Petroleum Exporting Countries' (OPEC)...

Brazilian federal police arrest 18 people in Petrobras corruption investigation
17 November 2014 Brazilian federal police have arrested 18 people in connection with its corruption investigation into state-run oil company...

Oil falls to near $78 on Japan recession news
17 November 2014 The price of Brent crude oil dropped by more than $1 to near $78 a barrel on Monday, following news that Japan is now in...

Technip wins PMC services contract for Abu Dhabi Nasr Phase II project
17 November 2014 French engineering firm Technip has secured a contract from Abu Dhabi Marine Operating Company (ADMA-OPCO) to support the Nasr Phase II full field development...

GE opens $500m R&D centre in Brazil for subsea oil and gas research
14 November 2014 General Electric (GE) has opened its new $500m global research and development (R&D) centre in Brazil, which will focus on subsea oil and gas research, capitalising on $1.2 trillion offshore...

Technip wins subsea contract for K2 Riser Base Gas Lift project in Gulf of Mexico
14 November 2014 French engineering firm Technip has secured a subsea contract from Anadarko Petroleum for the K2 Riser Base Gas Lift project in the Gulf of...

Oil price plummets below $77 a barrel amid OPEC production cuts uncertainty
14 November 2014 The price of Brent crude oil declined to a four-year low, touching below $77 a barrel today, amid concerns of ample supply and uncertainty regarding Organization of the Petroleum...

Oil prices decline below $80 a barrel to four-year low
13 November 2014 The price of Brent crude oil declined below $80 a barrel today to a four-year low following the release of Chinese data, which showed a further slowdown in factory...

GE to supply turbomachinery for Petronas' second floating LNG facility
13 November 2014 GE Oil & Gas has secured a contract to supply its gas turbine-driven compressor train and mechanical drive technology to Malaysia's...

Production starts at Manora oil field in Gulf of Thailand
13 November 2014 Production has started at the Manora oil field in the G1/48 concession of the Gulf of...


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