Middle East-based offshore support vessel company Topaz Energy and Marine has acquired two large and modern anchor handling towage and supply vessels (AHTSV) for about US$100 million. The vessels, the Caspian Challenger and the Caspian Endeavour…
Norway’s government has offered a record 48 companies stakes in 65 new production licenses in its 2013 Awards in Predefined Areas (APA 2013) licensing round. The move sets a record, both in the number of production licenses offered and the number of companies involved…
Ecuador, the smallest oil-producing affiliate of the Organization of the Petroleum Exporting Countries (OPEC), is the fifth-largest oil producer in South America, and has the third-largest oil reserves in the region, after Venezuela and Brazil…
OMV and its partners have announced the completion of the largest 3D seismic survey in the Black Sea. The survey, covering 7740sq km, in the 1-21 Han-Asparuh block,offshore Bulgaria, is also OMV's largest survey. Interpretation of…
Fundy Tidal Inc.'s turbine project in the Bay of Fundy, off Nova Scotia. www.fundytidal.com
Two tidal turbine developers will win the chance to demonstrate their technology in the Minas Passage in the Bay of Fundy, home to the world's highest tides. Nova Scotia's recent tender for a berth at the Fundy Ocean Research Center for Energy (FORCE)…
The Government of AbuDhabi has extended the concession for the Upper Zakum oil field,offshore Abu Dhabi, United Arab Emirates (UAE) to 2041. The extension adds more than 15 years to the previous term. Upper Zakum is being jointly developed by Abu Dhabi National Oil Company (ADNOC)…
Chinese oil firm CNOOC says it is planning to invest RMB 105 billion (US$17.35 billion) to 120 billion ($19.82 billion) on projects during 2014. Nexen Inc, bought by CNOOC in early 2013, will account for about 19% of the spending. Overall…
Gazpromneft Sakhalin says it has started work preparing to drill an appraisal well in the Pechora Sea. The firm, a subsidiary of Gazprom Neft and project operator for the exploration and development of Dolginskoye field, on the arctic shelf of the Pechora Sea…
Cairn Energy has outlined a nine-well exploration program for 2014, with a strong focus on the Atlantic margin. Four of the five Atlantic margin wells will be operated by Cairn, including the JM-I exploration well, in the Juby Maritime III block…
WGPSN has secured a five year contract extension to provide operations, maintenance and construction management services for asset facilities in central Africa, in a deal worth more than $140 million. The contract employs about 580 people…
Downhole-video technology company EV opened a new base in Australia. The company’s new Australian base, located in Perth, was established to aid local operations and provide a regional presence for projects in the area. Features of the…
Houston-based Enventure set a record for the longest 5.5in. SET solid expandable CHL liner. The liner was installed with zero recordable safety incidents for an operator in the Middle East. The installation was performed in a power-water injector well to repair a corroded 7in…
Shell agreed to sell its stakes in the Chevron-led Wheatstone-Iago joint venture and the Wheatstone LNG project off Western Australia. The company sold its 8% equity interest in the Wheatstone-Iago JV and its 6.4% interest in the Wheatstone…
Norway's DNO International AS has completed a farm-in by its wholly-owned subsidiary DNO Tunisia AS to the Sfax Offshore Exploration Permit and the Ras El Besh Concession in the Republic of Tunisia. The agreement, with Eurogas International Inc…