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MetOcean to introduce weather prediction tool to improve offshore facilities
24 July, 2014
New Zealand-based MetOcean Solutions is introducing a new weather prediction tool to improve the safe operation of moored offshore facilities in...
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Statoil wins Colombian offshore licence
Thursday, July 24, 2014 Norway-based Statoil has been awarded a 33.33% interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing...

Oil drops below $108 on weak demand from European refiners
Thursday, July 24, 2014 Brent crude dropped below $108 a barrel today due to weak demand from European refiners and growth in Chinese factory...

Oil drops towards $107 on strong dollar
Wednesday, July 23, 2014 Brent crude fell towards $107 a barrel today as a stronger dollar and weak demand overshadowed global...

HNR signs DOC for Dussafu block offshore Gabon
Wednesday, July 23, 2014 US-based energy firm Harvest Natural Resources (HNR) has signed a declaration of commerciality (DOC) with the Government of Gabon for the Dussafu...

Ruspetro completes first well test at Pottymski-Inginsky licence area
Wednesday, July 23, 2014 Ruspetro has completed the first ten-day flow test at its first multi-stage fractured horizontal well at the Pottymski-Inginsky licence area in...

McDermott wins Megalodon platform installation contract in Gulf of Mexico
Tuesday, July 22, 2014 McDermott International has secured a contract to install a platform in the US Gulf of Mexico for Walter Oil &...

Sembawang secures Kaombo FPSO conversion contract offshore Angola
Tuesday, July 22, 2014 Sembawang Shipyard, a subsidiary of Sembcorp Marine, has secured a contract worth approximately S$600m ($480m) from Saipem for the conversion of two floating storage production offloading...

Oil trades around $108 ahead of US crude stockpiles data
Tuesday, July 22, 2014 Brent crude steadied around $108 a barrel on Tuesday, supported by expectations of decline in US oil stockpiles and violence in Ukraine and...

Eni to explore for hydrocarbons in Republic of Congo
Monday, July 21, 2014 Italian oil and gas firm Eni has signed an agreement to explore for hydrocarbons in the Republic of Congo's coastal...

Brent trades around $107 amid Iran nuclear talks extension
Monday, July 21, 2014 Brent crude oil traded around $107 a barrel today following the extension of Iran nuclear...

US to provide 21 million acres in Gulf of Mexico for oil and gas development
Monday, July 21, 2014 The US Bureau of Ocean Energy Management (BOEM) has decided to offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale featuring all...

Brent crude increases above $108 due to Malaysian plane disaster
Friday, July 18, 2014 Brent futures increased above $108 a barrel on Friday due to renewed geopolitical risks after a Malaysian passenger plane was shot down in eastern...

Trinity to acquire Centrica's 80% interests in two offshore Trinidad blocks
Friday, July 18, 2014 Trinity Exploration & Production has agreed to acquire Centrica's 80% interests in two offshore Trinidad blocks for a headline payment of...

Tullow to acquire Eco Atlantic’s 40% working interest in Namibia block
Friday, July 18, 2014 Tullow Oil has agreed to acquire up to a 40% working interest in Block 2012A, situated in the Walvis Basin offshore Namibia, from Eco (Atlantic) Oil &...

Brent trades above $107 on US crude decline and improved China data
Thursday, July 17, 2014 Brent futures traded above $107 a barrel on Thursday on sharp decline in US crude stockpiles and improved economic data from...

OMV discovers new oil reservoir in Romanian Black Sea
Thursday, July 17, 2014 OMV Petrom has discovered a new oil reservoir on the continental shelf of the Romanian Black...

UK commits £15m for new offshore oil and gas industry regulator
Thursday, July 17, 2014 The UK Government has committed to £15m funding to help kick-start a national offshore oil and gas...

Brent trades above $106 on increased oil demand in China
Wednesday, July 16, 2014 Brent crude held above $106 a barrel today on improving economic outlook and increased oil demand in...

Shell makes third oil discovery in Gulf of Mexico’s Norphlet play
Wednesday, July 16, 2014 Shell has made a third major oil discovery in the Norphlet play in deep waters of the eastern Gulf of...

Saipem secures new contracts for FPSOs in Brazil and Angola
Wednesday, July 16, 2014 Italian oil services provider Saipem has secured new contracts, worth a combined value of approximately $600m, in Brazil and...


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