Lundin Norway has agreed to acquire a 35% interest in production licenses 674 in the North Sea. The deal comprises acquiring 15% interest from Petrolia Norway and a 20% interest of a carve out area of PL674 from operator E.ON. Petrolia and E…
Aker Solutions has awarded DNV GL a global frame agreement to pave the way for better technology collaboration, more efficient project execution and considerable cost savings. The frame agreement covers the following business segments: Subsea…
UK-based Cluff Natural Resources (CNR) has been awarded three Conditional Underground Coal Gasification (UCG) licenses, Options for Leases and non-exclusive Exploration Licenses for two offshore deep UCG prospects offshore Durham and Cumbria…
Colin Smith joins Wood Group Intetech to lead the expansion of its operations across the Americas. Based in Houston, Texas, Smith’s role will focus on developing WG Intetech’s business throughout the region, supporting its well integrity management solutions…
Baker Hughes issued the July 2014 international rotary drilling rig count last week, showing a total of 1382 rigs operating outside the US & Canada. International activity in July was up 38 rigs from the 1344 rigs drilling in June 2014…
Finland's Arctech Helsinki Shipyard signed a contract to build three icebreaking stand-by vessels for Russia´s largest shipping company, Sovcomflot (SCF Group). The vessels will be built for the North East Sakhalin Offshore region oil…
Pulse Structural Monitoring Inc. opened a new, purpose-built facility in Katy, Texas that will provide modern office, production and testing facilities. The modern 740sq m facility will support Pulse’s expansion plans in the North American market…
Teekay Offshore Partners have exercised the first of six options to build another floating accommodation unit (FAU) based on the cylindrical Sevan design at the Cosco Shipyard, Nantong, China. The new FAU is scheduled for delivery in Q3 2016…
ExxonMobil began exploratory drilling operations in the Kara Sea’s Universitetskaya structure in the East Prinovozemelskiy area on 9 August, defying Western-imposed sanctions against Russian state-owned Rosneft. Drilling on the Universitetskaya-1 well…
Singapore-based KrisEnergy entered an agreement to acquire Chevron Overseas Petroleum (Cambodia) Ltd. for US$65 million. Chevron's Cambodia unit holds a 30% participating interest in and operatorship of offshore asset, Cambodia block A. Block A…
Noble Energy and Australia’s Woodside Petroleum signed a production sharing contract (PSC) with the Government of Gabon covering block F15 in the Gabon Coastal basin, West Africa. Additionally, Marathon Oil Corp. signed an exploration…
Deputy Director Margaret Schneider traveled offshore to Platform Houchin in California's Santa Barbara Channel, on 6 August, the US Bureau of Environmental Enforcement announced. The fixed production platform, operated by Pacific Operators Offshore LLC (POOLLC) is about 4mi…
Singapore-based KrisEnergy Ltd. announced Seadrill Ltd.’s West Cressida jackup rig spud the Mancharee-1 exploration commitment well in block G10/48 in the Wassana oil field, in the Gulf of Thailand. Seadrill's…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
Exxon Mobil’s subsidiary, Esso Exploration and Production Nigeria Ltd. awarded a contract to Seadrill Ltd. and Field Offshore Design Engineering Nigeria Ltd for the newbuild ultra deepwater drillship West Saturn, in support of the ERHA North Phase 2 project in Nigeria…