The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's 'illegal' drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, a draft statement seen by Reuters shows…
The Kazakh Ministry of Energy, national company KazMunayGas (KMG) and Eni signed a protocol of direct negotiations to grant the subsoil use right for exploration and production of hydrocarbons within joint operations on Abay, an offshore area in the Kazakhstani sector of the Caspian Sea…
Brazil's Petroleo Brasileiro SA is scheduled to hold a final 're-bid' for two oilfields off the coast of Rio de Janeiro on July 8, four sources told Reuters this week, after the state-run oil firm annulled a previous bidding round.Among the…
Netherlands-based Jumbo’s Fairplayer has completed the pre-installation and tensioning of a shallow water CALM buoy mooring system at a depth of 26 meters for the Mersa El-Hamra terminal offshore Egypt.The heavy lift shipping and offshore transportation…
Romania's largest energy company OMV Petrom said it has started a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea.The two new wells will be drilled more than 2,000 meters below the seabed, in approximately 50 meters water depth…
GulfSlope Energy, an independent oil and natural gas exploration company, has signed a letter of intent to enter a joint venture (JV) for drilling of shallow water depth prospects in the Gulf of Mexico (GoM).The oil and natural gas company focused on exploring offshore U…
Independent upstream oil and gas company KrisEnergy announced the commencement of a 1,200-square-kilometer 3D seismic survey in the offshore Cambodia Block A concession, where the company is developing the Apsara oil field.Shearwater Geoservices'…
PTTEP announced it has made its largest gas discovery ever, at the Lang Lebah-1RDR2, the first exploration well in Sarawak SK410B Project located offshore Sarawak, Malaysia.Drilling of Lang Lebah-1RDR2 commenced in March targeting non-associated…
W&T Offshore announced on Thursday that it has entered into a purchase and sale agreement with ExxonMobil to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico, offshore Alabama…
Mexico's oil regulator on Tuesday approved a $97 million plan for drilling in an offshore area operated by British supermajor BP in the southern Gulf of Mexico.The four-year exploration plan approved by the national hydrocarbons commission (CNH) covers a 700…
Petroleos Mexicanos will focus on shallow water projects and onshore plays, and avoid investing in its deepwater riches for now, as the ailing Mexican state-run oil company seeks to turn around a 14-year slide in crude production, a top official said on Thursday…
Brazilian energy company Ouro Preto Oleo e Gas delivered the highest bid to acquire a pair of Brazilian oil clusters from state-run oil company Petroleo Brasileiro SA, two sources with knowledge of the matter said.Petrobras, as the oil company is known…
Controlled flow excavation (CFE) services expert James Fisher Subsea Excavation (JFSE) said it has developed a low draft, lightweight excavator that is primarily aimed at shallow water excavation and shore pull works, including trench maintenance during pull-in operations…
Otto Energy now owns 100% interest in the VR 232 license in the shallow water US Gulf of Mexico after acquiring the remaining 50% working interest Byron Energy.VR 232 is adjacent to Otto’s 50% owned South Marsh Island Block 71 oil field and production platform…
DNV GL says its WIN WIN (WINd powered Water INjection) technology is now ready for prototype development after two joint industry projects have shown the concept to be technically feasible and cost efficient. WIN WIN was conceived in 2013 by DNV GL…