API encouraged congress and regulators to prioritize Arctic offshore oil and natural gas development as the House Natural Resources Committee prepared to hold a hearing on Arctic energy today (16 June). “Arctic oil and natural gas…
The Sparrows Group has boosted its senior management team with the appointment of Steve Bertone, to head up its operations across the Americas. In his new role, Bertone will be based in Houston and will oversee all of Sparrows Group’s operations in the US…
Wellesley Petroleum Holdings, a new exploration company focused exclusively on the Norwegian Continental Shelf (NCS), announced that Chris Elliott has been appointed as CEO. Elliott’s last role was exploration manager UK and Norway for Cairn Energy…
IPB Petroleum announced that the company’s application for a 12-month suspension and extension to the WA-471-P exploration permit work program has been approved by the Commonwealth–Western Australia Joint Authority. Following IPB’s application in May 2015…
DNV GL Group appointed Tor Svensen as group executive vice president. Knut Ørbeck-Nilssen will succeed Tor Svensen as chief executive officer of its maritime business area. Both will report to the incoming group president and CEO Remi Eriksen…
Tullow and Pancontinental Oil & Gas subsidiaries entered into an agreement to amend the farm-out agreement for exploration license 0037 (EL 0037) which covers 17,295sq km (4.2 million acres) in water depths extending to 1800m in the Walvis basin offshore northern Namibia…
MX Oil announced a number of amendments to its joint venture agreement with its local partner Geo Estratos (Geo), which include an increase in MX Oil's interest in any concessions or exploration and production contracts to 55% from 51%…
The International Well Control Forum (IWCF) appointed David Conroy as its first chief technical officer (CTO). Based at the organization’s UK headquarters, Conroy will be developing this new role to lead changes to the technical aspects of IWCF’s services…
In a new two-part study, Wood Mackenzie explores the implications of the current low oil price for upstream fiscal terms. Governments dependent on oil taxation income are wrestling with lower oil revenues for public spending and pressure from oil and gas companies for more lenient terms…
North Sea-focused Independent Oil and Gas (IOG) signed a sale and purchase agreement to acquire the 50% of license P1609 containing the Skipper discovery from Alpha Petroleum Resources (Alpha). This transaction will result in IOG’s independently verified 2C resources increasing by 13…
BOURBON completed laying 30 tons of submarine cable as part of the Sabella D10 project off the island of Ushant, part of Brittany, France. The cable will link the Sabella D10 tidal turbine to the Ushant power grid. Utilizing a Falcon series ROV and the support vessel Argonaute…
KPMG Corp. Finance recently advised on the sale of a precision engineering specialist in the oil and gas industry. KPMG advised Vine Street Capital and the management of Lymington Precision Engineers on its sale to Senior, an international manufacturing group…
Paragon Offshore announced that Alejandra Veltmann has joined the company as vice president and chief accounting officer reporting to Steven A. Manz, Paragon's senior vice president and CFO. Veltmann will be responsible for overseeing corporate accounting and financial reporting…
LLOG Exploration and its partners Ridgewood Energy and Stone Energy Corp. drilled a successful exploration test at the Viosca Knoll 959 “Crown & Anchor” prospect. The initial exploratory well encountered greater than 50ft of net oil bearing sand in a high-quality Miocene reservoir…
International marine and offshore engineering consultancy Aqualis Offshore established an office in Aberdeen, Scotland. “We know that job cuts currently is a common theme in the oil industry, but we are taking a long-term approach…