QinetiQ has acquired the seismic processing and imaging capability of SR2020 Inc. for up to US$1.7 million. The deal, completed yesterday (20 November), will accelerate the development of QinetiQ subsidiary OptaSense by providing it with…
Salamander Energy and Ophir Energy have agreed the proposed terms of a deal which would see Ophir takeover Salamander. The two companies say that the move had “compelling strategic logic,” including a strong balance sheet, enhanced operating…
Norway-based subsea contractor Ocean Installer has been awarded a contract for an umbilical installation project with Oceaneering for LLOG on the Delta House project in the Mississippi Canyon Area of the US Gulf of Mexico. The project…
Technip has been awarded a contract for the ongoing development of the Iracema North field, in the Santos Basin pre-salt area, Brazil. The contract, awarded by Tupi BV, a consortium controlled by Petrobras Netherland BV (PNBV, 65%), with partners BG (25%) and Galp (10%)…
One person is dead and three are injured after an explosion at Fieldwood Energy's Echo Platform at West Delta 105 in the US Gulf of Mexico. The Bureau of Safety and Environmental Enforcement (BSEE) said it is currently responding to the incident in cooperation with the US Coast Guard…
Logan Oil Tools, a wholly owned subsidiary of Logan International, has purchased certain assets from Smith International. The assets include inventory, the rights to manufacture and sell HE fishing tools and certain intellectual property…
Dr. Helmut Sohmen has announced his retirement, effective 20 November 2014, as Chairman of the Board of BW Offshore Ltd., which owns and operates floating production systems worldwide. He has served as Chair since 2005. Andreas Sohmen…
Shell and Petronas Carigali and moving forward in the E6 field development offshore Sarawak, Malaysia after making a final investment decision (FID). Shell's Malaysian offshore platform. From Shell. E6…
SeaBird Exploration Plc received a letter of award (LOA) from TGS-NOPEC Geophysical Co. (TGS) to acquire up to 300,000km of 2D seismic data offshore Mexico and in the US Atlantic. The survey will cover a minimum of 150,000km and up to 300…
North Celtic Sea focused explorer Lansdowne Oil & Gas has entered into a farm-in agreement with PSE Kinsale Energy - a wholly owned subsidiary of Malaysia's Petronas. Under the terms of the agreement, Kinsale Energy will acquire an 80%…
French seismic and data processing firm CGG has rebuffed a takeover by fellow-French engineering and project management firm Technip. Technip said it made the approach on Monday 10 November. The move, says Technip, would create a…
Drilling continues at Karoon Gas Australia’s Kanagroo-2 in the 12 ¼ in. hole section at a current depth of 1760m. The Olinda Star. From Karoon. The Kangaroo-2 appraisal well is located…
The board of directors for Mexico’s Petroleos Mexicanos (Pemex) approved a corporate restructuring plan that would see the company reorganize into two main units and five smaller subsidiaries. The national oil company said that the plan was…
Two new studies released today by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the US if the eastern Gulf of Mexico and the Pacific…
At the PETEX 2014 conference in London on 18 November, Oil & Gas UK announced the kick-off of two projects aimed at stimulating exploration on the UK Continental Shelf (UKCS) and appealed for further industry participation in the 21st Century…