Gazprom Neft has announced the signing of a three-year framework agreement on drilling and well reconstruction with drilling service provider Commonwealth of Independent States Eurasia Drilling Company Limited (EDC). Under the terms of this agreement…
Engineering company PD&MS Energy has been awarded an offshore contract extension for engineering work on Fairfield Energy’s North Sea assets. Following an initial three-year contract, the options will see the Aberdeen-headquartered company provide engineering…
In early April, Rosneft and ExxonMobil began aerial gravity-magnetic surveys over offshore blocks in the Yuzhno-Chukotsky licence area in the eastern Russian Arctic to establish the subsurface structure of the field. As part of a framework agreement…
A new design for nuclear plants built on floating platforms, modeled after those used in the offshore oil and gas industry, has been created by professors at Massachusetts Institute of Technology (MIT). They say such a design could help avoid the disaster at Fukushima Daiichi nuclear plant…
The government of Myanmar (Burma) has named Chevron, BG Group, Statoil, Woodside Energy, Shell, and ENI, among others, as selected candidates for its 2013 offshore licensing round. The move follows the lifting of Western sanctions in 2012…
Take a look behind the curtain at Offshore Technology Conference with this exhibition time-lapse video, which captures the two-week move in period through day three of OTC 2013. This is the best way to watch the OTC exhibition floor…
The Bureau of Ocean Energy Management (BOEM) received 380 bids on 19 Mar 2014, for 326 blocks in the central Gulf of Mexico, totaling more than US$850 million. Gulf of Mexico Lease Sale 231 attracted operators to bid on almost 40 million acres…
FMC Technologies received an order from Eni Muara Bakau BV to supply subsea systems for its deepwater Jangkrik Complex development offshore Indonesia. The order has an estimated value of US $720 million in revenue if the full scope of the award is called off…
FAR Ltd. recently completed detailed geotechnical studies and assessed significant hydrocarbon resource potential in its Guinea Bissau 3 blocks offshore, Sinapa Block 2 and Esperanca Block s 4 A /5 A in West Africa. (FAR: 21.43% paying interest…
IHC Merwede has been successful in securing orders worth US$473 million for a wide range of dredging and offshore vessels and equipment. The company’s dredging division has won new contracts for the delivery of a large custom-built trailing suction hopper dredger…
Croatia’s government is planning to publish tenders for oil and gas exploration in the central and southern Adriatic Sea in Q2 this year. The announcement followed the completion of a 2D multiclient seismic acquisition survey offshore…
Norway's DNO International AS has completed a farm-in by its wholly-owned subsidiary DNO Tunisia AS to the Sfax Offshore Exploration Permit and the Ras El Besh Concession in the Republic of Tunisia. The agreement, with Eurogas International Inc…
Wood Mackenzie’s annual review of Norway's upstream oil and gas industry concludes that the sector showed no signs of slowing down in 2013.The review cites high levels of development spend, asset deals, exploration activity, and a record NKr 176 billion (US$30 billion) capital investment…
Several Caribbean countries are embroiled in bitter maritime border disputes. Sarah Parker Musarra examines the history behind two of Latin America’s most-monitored maritime clashes. Research vessel RV Teknik Perdana was conducting a…
Hungarian integrated oil and gas firm MOL Group has entered the North Sea through a $US375 million deal with Wintershall, a subsidiary of Germany's BASF Group. MOL will acquire 14 licenses in the North Sea, including non-operated equity stakes in the Broom field (29%)…