BP increased its interest in the US$12 billion West Nile Delta (WND) project in Egypt after partner DEA farmed down its stake. Map of Nile Delta. From DEA. According to DEA, the…
Renco Elang Energy's (REE) South Block A production sharing contract (PSC) in north Sumatra, Indonesia was granted at 19-month exploration extension from the Indonesian Ministry of Energy and Mineral Resources. According to Peak Oil & Gas…
The new UK North Sea regulator the Oil and Gas Authority (OGA) has unveiled its core leadership team, including directors of exploration and production, technology and projects, policy and performance and a CFO. The new directors, who will be in post by mid-June…
Saipem reports that it has received notice that its client, South Stream Transport BV, which is controlled by Gazprom, is lifting the suspension of work under the contracts, and that Saipem should commence work on the offshore pipeline in the Black Sea…again…
Delfin LNG submitted an application to construct, own and operate the Delfin LNG project (Port Delfin) in the Gulf of Mexico (GoM) under the Deepwater Port Act (DWPA). Map from Delfin. The…
Asia Pacific focused AziPac acquired 50% interest in the North Madura production sharing contract (PSC) located offshore Java Sea, Indonesia. AziPac, through its subsidiary Azipac North Madura, acquired 25% interest from Mitra Energy…
The Norwegian Petroleum Directorate (NPD) received a plan for development and operation (PDO) for the Maria oil discovery in the Norwegian Sea. Maria. Image from Wintershall. The Maria discovery…
Jerry Lee provides an overview of Mexico’s Ku-Maloob-Zaap (KMZ) heavy oilfield in the Bay of Campeche. Pemex’s Ku-S central processing installation at the Ku-Maloob-Zaap oilfield in the Bay of Campeche offshore Mexico…
For Shell, exploration isn’t just about the seismic, it’s about joining up the petabytes’ worth of seismic dots between its global team of experts. Meg Chesshyre reports. Subsurface imaging, but…
Italian engineering companies could offer competitive engineering, procurement and construction services in the Mediterranean Sea, should activity pick up, but West Africa is currently the hot spot for contracts. Litchendjili…
Chevron Australia made an additional gas discovery at the Greater Gorgon Area in the Carnarvon Basin, offshore northwest Australia. The Isosceles-1 exploration discovery well found about 134m of net gas pay in the Triassic Mungaroo Sands in 968m water depth…
This year, Pakistan, Egypt, Jordan and Uruguay plan to begin importing natural gas via floating storage and regasification unit (FSRU) vessels. The vessels are a solution to the challenge of importing liquefied natural gas (LNG) into areas…
Baker Hughes Inc. issued its international rig count that showed 1251 rigs operating worldwide in March 2015 outside of the US and Canada. Unsurprisingly, global rig counts have dropped significantly due to an approximate 50% drop in crude oil prices since 2014…
The sudden drop in oil prices is different from cycles in the recent past, said Rex Tillerson, chairman and chief executive of ExxonMobil, during his Tuesday morning keynote speech and discussion at the recently held CERAWeek. This event has been created due to oversupply…
Tampet awarded UK-based Global Marine Systems Ltd. two contracts in the North Sea, designed to further enhance high-capacity communications networks in the area and entail highly skilled route survey, cable installation and protection services…