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…
The Caribbean floating liquefaction and storage (FLNG) facility undocked from the Wison Offshore & Marine dry dock in Nantong, China. Wison Offshore & Marine dry dock. From Wison. Wison…
CNOOC Ltd. encountered a new mid-sized discovery at the Lufeng14-4 structure in the eastern South China Sea. Pearl River Mouth basin activity. From CNOOC. Lufeng14-4 is located in Lufeng…
Allseas’ 382m-long, 124m-wide platform installation/decommissioning and pipelay mega-vessel Pieter Schelte is on its way to Europe after leaving Daewoo’s Okpo shipyard in South Korea 17 November. The Pieter Schelte will make short stops…
A bid to boost exploration rates in the UK North Sea has seen the launch of two new initiatives, including a move to re-assess the potential of the central North Sea. The first is an industry-wide review, led by the Department of Energy and Climate Change (DECC)…
French seismic firm CGG says the UK’s central North Sea is still rich in opportunities for the development and discovery of new fields, despite its relative maturity and the challenges is poses around seismic imaging, especially in the deep…
Engineering services firm Wood Group PSN (WGPSN) has been awarded a multi-million dollar contract extension for services on the Hibernia platform, offshore Newfoundland and Labrador. WGPSN is providing engineering, procurement and construction on Hibernia…
Cairn Energy has confirmed an oil find on the SNE-1 well offshore Senegal, but says a deeper target was dry. The SNE-1 well discovered oil in the upper clastic target, but no hydrocarbons were subsequently encountered in the deeper target…
Technip is to name its latest newbuild dive support vessel (DSV), currently being built by Vard, the Deep Explorer. The high-specification, DP3 vessel will feature a 24-man saturated dive system, large deck area, moonpool, work-class ROVs…
The Russian National Committee for United Nations Environment Programme (UNEPCOM) endorsed Rosneft and the Russian Geographical Society's initiative to continue its Arctic research program. This program will help define the principles of economic activity regulations in the region…
Speaking at Tuesday's 2014 Deloitte Oil & Gas Conference in Houston, former Petroleos Mexicanos (Pemex) CEO Dr. Jesus Reyes-Heroles weighed in on the country's historic energy reform. Reyes-Heroles said that he expects the Mexican energy reform to impact the GDP by 4…
