Vagit Alekperov, OAO LUKOIL President, and Emilio Lozoya, General Director of Mexico’s Pemex, signed a cooperation agreement today at the World Economic Forum Annual Meeting in Davos, Switzerland. The document was signed in the presence of Enrique Peña Nieto…
UTEC Geomarine’s geoREACT suction anchor tooling skid performs a geotechnical investigation. Watch the video to see the system at work, and find the full article where UTEC’s Jim Edmunds explains how the company’s geoROV tool can assist…
BPZ Energy announced positive year-end results from Block Z1, off Peru. The company said that it boosted Block Z1's current gross production levels in excess of 4,900 bo/d, and that several more development wells are planned to be drilled in the area…
Mexican state-owned oil company Petroleos Mexicanos says it will not begin exporting high-quality Olmeca crude to Europe until the second half of February. Pemex said on 6 Jan, that exports of the extra-light Olmeca would begin in January…
Drilling operations will begin in 2H 2014 on two wells in the giant Libra field off Brazil following approval of the field’s 2014 working and investment plan. The Brazilian national Petróleo Brasileiro S.A. (Petrobras), along with Pré-Sal Petróleo S…
Rowan Companies plc, a global offshore contract driller, is now live with IFS Applications on the first of its ultra-deepwater drillships, Rowan Renaissance. Rowan’s deployment includes requisitioning, inventory, and EAM functionality…
Multilateral meetings between Cuba and the US are becoming more frequent, although they often fly under the radar. Cuba's Ministry of Foreign Relations, CubaMinRex, recently hosted a delegation from the US-based Council on Foreign Relations (CFR)…
FMC Technologies awarded JDR a contract to design and supply umbilicals and reelers for an intervention workover control system (IWOCS) for Total's giant Egina field development, West Africa. JDR will provide 20km of JDR IWOCs umbilicals…
A UK-based marine renewables consultancy has signed a memorandum of understanding with a German firm to finance and built a new construction vessel, the Hi Flo 4. Mojo Maritime, based in Falmouth, signed the MOU with Hammonia Reederei GmbH & Co…
FMC Technologies Inc. announced today that it signed a 3-year contract with Pemex Exploration and Production to manufacture and supply surface wellheads to support drilling and well maintenance programs in the Gulf of Mexico. The award…
Tehran’s leadership has promised a new, attractive investment model for oil contracts by September, to woo Western business back into Iran. The pledge was made at the World Economic Forum meeting in Davos, Switzerland, yesterday. According to the Financial Times…
Petroleum Geophysical Services ASA (PGS) has launched its second Ramform Titan class vessel, the Ramform Atlas, at a naming ceremony in Nagasaki, Japan today. The vessel will typically tow a network of several hundred thousand recording sensors over an area greater than 12sq km…
Back deck equipment firm Maritime Developments has launched a new equipment hire division. The company, which has operations in Aberdeen and Peterhead, is on track to increase turnover to £12 million for its year-end in March 2014, a projected rise of 110% on its 2013 figure of £5…
The UK Government has opened the country's 28th offshore oil and gas exploration licensing round, amid concerns about a slow-down in the basin. Wood Mackenzie’s annual review of UK upstream oil and gas said capital investment continued to increase…
Lutz Wittenberg (pictured) has been appointed the new group chief technology officer at DNV GL. In his new role, Wittenberg will be responsible for group-wide technology developments and report directly to Group CEO Henrik Madsen. In addition…