Houston-based ION Geophysical Corp. has agreed to acquire 100% ownership of ocean bottom seismic acquisition company OceanGeo BV. In February 2013, ION acquired 30% of OceanGeo, then increased its ownership to 70% in January 2014…
BG Group has agreed to sell its equity interest in the Central Area Transmission System (CATS) gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure Partners for £562 million (US$954 million). Under the agreement…
BG Group has made the first oil discovery off East Africa, according to a partner on the Sunbird-1 exploration well. Pancontinental Oil and Gas said a 14m gross oil column was found beneath a 2936m gross gas column in a reefal limestone…
Industrial facilities turn to safer, more effective inorganic coatings to reduce risk of severe injury and death of coating contractors. For decades, industrial facilities have measured the effectiveness of a coating by its ability to prevent corrosion…
OceanGeo BV completed an ocean-bottom cable seismic survey in the Gulf of Paria off Trinidad for the state-owned Petroleum Co. of Trinidad and Tobago Ltd. (Petrotrin). The work began 2 Jan 2014 and the wide-azimuth acquisition work was completed on 30 May 2014…
The topside destined for the Valemon field offshore Norway was loaded onto the heavy transport vessel Dockwise Triumph at Samsung Heavy Industries in South Korea, on 1 June 2014. The 216.75m-long vessel left the Geoje yard on the morning of 15 June…
More than 500 industry professionals came together for the sparkling 28th Offshore Achievement Awards ceremony in Aberdeen, 20 March. The Society of Petroleum Engineers (SPE) Aberdeen Section organized and hosted the awards, known as “the indus- try Oscars” and supported by Offshore Engineer…
As the PESGB reaches 50, 2014 President Oonagh Werngren takes stock of the North Sea oil & gas industry. At the start of 2014, I was fortunate enough to take up the reins as president of the Petroleum Exploration Society of Great Britain (PESGB)…
ConocoPhillips has started commissioning work on the Eldfisk 2/7 S facility following the installation of the topsides. The two modules that make up the Eldfisk 2/7 S topsides were transported from Kværner’s yard on Stord, Norway…
UK-based exploration firm Faroe Petroleum raised has £65 million in a stock market placing, which had hoped to raised £45 million. The firm, focused on Norway, the Atlantic Margin, and the North Sea, the cash will be used to pursue…
UK-based operator EnQuest has agreed to acquire ExxonMobil Exploration and Production Malaysia’s interest in the Seligi oil field and the PM8 PSC, offshore Malaysia, subject to approval by Petronas and conditions. The acquisition will…
Subsea 7 has been awarded a more than US$50 million contract in the US Gulf of Mexico by Freeport-McMoRan Oil & Gas in support of its velopment of the KOQV and Holstein Deep fields. The work scope covers the installation of flexible pipelines and umbilicals for both fields…
Netherlands-based Vroon Offshore Services started operations in Turkey this week. The company’s anchor-handling tug-supply (AHTS) vessels, VOS Tethys and VOS Athos, are currently assisting in positioning operations for the jack-up drilling rig GSP Prometeu…
The US Department of the Interior has opened its new five-year Outer Continental Shelf (OCS) offshore oil and gas leasing plan to public comment, the agency announced on 13 June 2014. DOI said the publication in the federal register of…
Seven employees of Mexico’s largest construction company, ICA Fluor, died while working on Pemex’s Ayatsil-C platform during an accident that occurred 11 June, ICA Fluor announced 12 June. Another employee sustained serious injuries. The…