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Research project to improve weather forecasting for offshore operation safety
17 April, 2015
Global energy companies, including Chevron Australia, Shell Australia, Woodside, and INPEX will jointly fund a A$3.2m ($2.48m) research project aimed at improving offshore safety and...
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Statoil opens Valemon field in Norwegian North Sea
Friday, April 17, 2015 The Valemon gas and condensate field in the North Sea has been officially opened by Norway’s Petroleum and Energy Minister Tord...

TAG Oil reviews Taranaki Basin in New Zealand for next round of drilling
Friday, April 17, 2015 Canada-based oil and gas company TAG Oil is undertaking an extensive geotechnical and engineering review of the Taranaki development and exploration acreage in New Zealand, in order to commence...

Brent crude slips below $64 per barrel
Friday, April 17, 2015 The price of Brent crude has slipped below $64 per barrel on signs of surging crude supplies from OPEC members, which negated the indications of a slowdown in US output, and conflict in the...

Benefits from Mexico’s first shallow blocks licensing round are limited, says Global Data
Thursday, April 16, 2015 The revisions made to the terms for shallow water areas in Mexico's first licensing round have enhanced the attractiveness of the production sharing agreement terms by improving the...

BP oil spill fund spends $5bn in paying claimants
Thursday, April 16, 2015 The administrator responsible for managing the BP oil spill compensation fund has said that more than $5bn has been paid to the claimants, so...

Technip wins FEED contract for two platforms in South China Sea
Thursday, April 16, 2015 China National Offshore Oil Corporation (CNOOC) has awarded a front-end engineering design (FEED) contract to French engineering firm Technip and its consortium partner China Offshore...

Brent price reaches over $63 a barrel
Thursday, April 16, 2015 Price of Brent crude grew by over 3% to more than $63 per barrel on signs of a balance in the oil market, which has been facing oversupply over the last one year....

Bumi Armada wins $300m contract to develop floating storage unit for ElectroGas Malta
Wednesday, April 15, 2015 Malaysian offshore oil and gas services provider Bumi Armada has won a $300m contract from ElectroGas Malta (EGM) to provide a floating storage unit (FSU) in Delimara,...

Vaalco Energy starts production at Etame 12-H well offshore Gabon
Wednesday, April 15, 2015 US-based energy company Vaalco Energy has announced first production from development well Etame 12-H, offshore Gabon in Central Africa. ...

Lundin reports first oil from Bertam field in Malaysia
Wednesday, April 15, 2015 Swedish oil and gas company Lundin Petroleum has achieved first oil at the Bertam oil field off the coast of...

Brent crude price rises above $59 per barrel
Wednesday, April 15, 2015 The price of Brent crude surged above $59 a barrel amid volatile conditions in the Middle East and the indication of a fall in US...

Subsea 7 receives $200m contract from Petrobras
Tuesday, April 14, 2015 Luxembourg-based Subsea 7 has won a $200m contract from Petrobras for its project at the Lula oil field in Brazil....

Cairn and partners to evaluate SNE-1 and FAN-1 oil discoveries in Senegal
Tuesday, April 14, 2015 Australian Oil and gas explorer FAR will start the first phase of the evaluation programme of oil discoveries SNE-1 and FAN -1 offshore Senegal, Africa, in the fourth...

Brent crude price increases to $57.93
Tuesday, April 14, 2015 The price of Brent crude increased following concerns over turmoil in Yemen and uncertainty about...

Noble Energy acquires 75% interest in PL001 License in North Falkland Basin
Tuesday, April 14, 2015 Energy companies Noble Energy and Edison International have acquired a 75% and 25% interest respectively in the PL001 license, North Falkland Basin, from Argos...

US to review Shell’s proposal to continue exploration drilling in the Arctic
Monday, April 13, 2015 The US Bureau of Ocean Energy Management (BOEM) has received a multi-year exploration plan (EP) from Shell Gulf of Mexico to conduct exploration drilling in the Chukchi Sea Outer Continental...

Oil price surges above $59 per barrel
Monday, April 13, 2015 The price of oil has increased above $59 a barrel due to slowdown in US...

US considering new regulations for offshore drilling
Monday, April 13, 2015 The US is expected to impose new regulations for offshore oil and gas drilling to avoid future incidents similar to the BP Gulf of Mexico disaster....

WorleyParsons to provide engineering services for Ophir's Equatorial Guinea project
Monday, April 13, 2015 WorleyParsons has received a contract from Ophir Equatorial Guinea (Block R) to provide engineering and project management services for the Equatorial Guinea Block R Project (The Fortuna Project)....

LATC buys four next-generation vessels to serve Nigerian offshore oil industry
Friday, April 10, 2015 Africa-focused investment firm LAT Cleveson (LATC) has signed an agreement with Damen Shipyards for the supply of two PSV 3300 Platform Supply Vessels and two FCS 5009 Fast Supplier Vessels....


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