Apache agreed to sell its Australian subsidiary Apache Energy Ltd. to a consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. for cash payment of $2.1 billion. With the sale, the company…
Dallas Parker and Gabriel Salinas, of law firm Mayer Brown, explain the main points of Mexico’s new exploration and production contracts, as well as the Hydrocarbons law and Hydrocarbons Revenues Law that became effective August 2014. Pemex’s…
David Shields provides a glance at Mexico’s energy reform and Round One. Pemex’s Ku-S platform at the Ku Maloob Zaap oil field in the Bay of Campeche. Image from Return To Scene. Round One…
INPEX awarded Petrofac an integrity and maintenance program development contract by for the Ichthys LNG Project, offshore Western Australia. The Ichthys field. From INPEX. The INPEX…
Woodside made a gas discovery at its Pyxis-1 exploration well in production license WA-34-L, offshore Western Australia. Map of WA-34-L. From Woodside. The well intersected approximately 18…
Seaway Heavy Lifting entered into a contract with Cardon IV in Venezuela for transportation and installation of the Perla project gas production platforms complete with tie-in of the subsea infrastructure. The Perla development consists…
London’s Afren is appointing Roc Oil's former Chief Executive Officer (CEO) Alan Linn as its new CEO to take the place of Osman Shahenshah, who was terminated for “gross misconduct” in October 2014. Linn…
Queiroz Galvão Exploração e Produção (QGEP) awarded the McDermott International and GE Oil & Gas consortium a SURF contract to provide subsea equipment for the early production system (EPS) on the Atlanta field, offshore Brazil. Map from QGEP…
KrisEnergy began drilling the Rossukon-3 exploration well in G6/48 in the Gulf of Thailand using Shelf Drilling's Key Gibraltar jackup rig. Gulf of Thailand block map. From KrisEnergy. Rossukon…
India’s Reliance Industries’ (RIL) MJ Discovery is estimated to have 1.4 Tcf of unrisked contingent resources offshore India, according to partner Niko Resources. MJ Discovery map. From Niko. The…
Gazprom Neft and Petrovietnam signed a series of agreements to extend their collaboration activity on the Pechora Sea shelf. Dolginskoye field. From Gazprom. The joint oil and gas exploration…
After a fire that killed four workers, with three still missing, Petróleos Mexicanos (PEMEX) began to restore production at the Abkatún central processing platform in the Gulf of Mexico. Abkatún A. From PEMEX Flickr…
The attorney general’s office of Mexico is investigating the Petróleos Mexicanos' (PEMEX) Abkatún Permanente platform incident that left four dead, 16 injured and three missing, for possible charges of murder and mischief. The Abkatún Permanente platform…
The fire that broke out on the Petróleos Mexicanos' (PEMEX) Abkatún Permanente platform, causing the death of four workers and several injuries, was extinguished late last night (1 April). The Abkatún Permanente platform after the fire…
Exploration and production executives are facing a bleak year with tough budgets – but the mood wasn’t all doom and gloom at IP Week. Solutions are being suggested – as Meg Chesshyre reports. Yves-Louis Darricarrère…