A joint venture (JV) comprising two companies, both led by former BP group chief executives, has agreed to buy stakes in two blocks offshore Angola. The JV has been formed by Genel Energy, whose chief executive is ex-BP exec Tony Hayward (pictured right)…
INPEX has marked the first dry dock hull block erection on the Ichthys LNG project central processing facility (CPF) at a ribbon-cutting ceremony at Samsung Heavy Industries’ (SHI) shipyard in Geoje, South Korea. With 150m x 110m topside dimensions…
Chariot Oil & Gas and partner ONHYM have started a 1700sq km 3D seismic survey across its areas of interest offshore Morocco. The survey will be carried out by Dolphin Geophysical using the Sanco Swift vessel. The survey will cover…
OMV has taken another step into sub-Saharan Africa by entering an offshore exploration project offshore Namibia. The transaction involves the acquisition of a 65%-interest petroleum exploration license (PEL) 046, containing exploration blocks 2613A and 2613B…
Statoil has signed an agreement to farm down a 15% interest in WRG Angola Block 39 Ltd. offshore Angola in the Kwanza pre-salt basin. WRG is a 50/50 joint venture comprising White Rose Energy Ventures and Genel Energy plc. Statoil is operator of the block…
TGS says it has signed a letter of intent (LOI) with Seabird Exploration to charter up to four 2D seismic vessels to be used over the next 36 months. The LOI gives TGS priority rights to the vessels subject to the issuance of seismic acquisition permits for the offshore waters of Mexico…
UK-based downhole video technology specialist EV has opened a new technology center to house its research and development, which the company is expected to invest nearly £2million into over the next year. EV, which provides downhole video applications for the oil and gas industry…
KTR-WG Turbine Services LLP (KTR-WG), a joint venture between Wood Group GTS and KazTurboRemont (KTR), has been awarded a long-term service agreement by the North Caspian Production Operating Company (NCPOC) in Kazakhstan. The joint venture…
Eni CEO Paolo Scaroni outlined the Italian company’s exploration progress and activities within the country to the President of the Republic of Mozambique Armando Guebuza. Eni announced that the “possibility of enlarging the shareholder base of Area 4 was favorably received by the President…
The industry has been lazy when it comes to adopting intelligent energy solutions, but it will need them more to be competitive and attract staff, according to senior oil executives. The comments were made during day two of the SPE Intelligent Energy conference in Utrecht (pictured)…
Brazil's FINEP extended the deadline for submitting proposals for the Inova Petro program. This is the second tender protocol of the BRL 3 billion (US$1.33 billion) program. The proposals need to be submitted by 24 April 2014. The aim of the program is to foment projects on R&D…
A lot has changed for Statoil in the past four years. In 2010, the company had two core exploration areas (the Norwegian Continental Shelf and the US Gulf of Mexico), said Jez Averty, Senior Vice President of Exploration for Statoil, North America…
Sierra Hamilton LLC acquired all the assets of GeoPro GmbH of Hamburg, Germany to create a new operating subsidiary, GeoPro Geophysics LLC. GeoPro Geophysics will operate as a global seismic data acquisition, processing and interpretation…
Shell has appointed Houston-based consulting firm, Endeavor Management to advise the supermajor in preparation for a possible revamp of Shell's Chukchi Sea drilling campaign. Endeavor said it will provide support and advice for a third…
Aker Solutions’ former well intervention services business, which was acquired by private equity fund EQT VI in January this year, has been restructured and will operate under two brands from 22 Apr 2014: Altus Intervention and Qinterra Technologies…