Faroe Petroleum has won acreage in the Dreiki area on the Icelandic Continental Shelf. Faroe will operate seven license blocks south of the Jan Mayen Ridge inside the Arctic Circle northeast of Iceland. Faroe will hold 67.5% interest in blocks IS6708/8…
ExxonMobil has acquired a 75% stake in Impact Africa’s Tugela South Exploration Right off the eastern coast of South Africa.ExxonMobil has also secured a one-year permit to study the hydrocarbon potential of the deepwater Durban Basin, which covers approximately 12.4 million acres.
EMGS has signed a US$12 million data acquisition contract extension with Brazil’s Petrobras. Data acquisition is underway and should be completed by the end of this month.
Risk experts and ship classification societies DNV and GL will unite under the banner DNV GL Group. The new company, to be headquartered in Norway, aims to increase service offerings and global competence base.
Chevron and its 50:50 joint partner Shell have scored two gas finds in the Exmouth Plateau of the Carnavon Basin off Western Australia. Pinhoe-1, drilled to 13,396ft TD, encountered 197ft of net gas pay in the Barrow and Mungaroo Sands. The Arnhem-1…
Santos discovered 61m of net gas pay in the Jurassic Montara, Plover and Malita reservoirs in its Crown-1 exploration well in the Browse Basin off Western Australia. The well is located about 500km north of Broome, 60km west of Ichthys field, and 20km east of Poseidon.
Expro has landed its first subsea supply contract in India. The three-year contract involves the supply of two 73/8in electro-hydraulic completion landing strings systems and two sets of topside controls equipment.
Helix Energy Solutions Group has encountered 100ft of high-quality net oil pay in the Wang exploration well, 93 miles off the Louisiana coast in Green Canyon block 237. Drilled to a total depth of 18,300ft, Wang will tie-back to the Helix Producer 1 FPU. First production is expected by 2Q 2013.
Heerema Fabrication Group has cut first steel for the US$2.26 billion Cygnus gas field located in the southern North Sea. The steel will be used in the 1600t Cygnus Alpha Wellhead Platform, the first of four. GDF Suez E&P operates the Cygnus partnership with 39…
87% of shareholders approved NOV acquisitionRobbins & Myers shareholders overwhelming approved NOV's acquisition of the company, Robbins & Myers announced on 27 December 2012.Nearly 85.7% of outstanding shares voted for the transaction,…
Peregrino Platform (Photo: Øyvind Hagen / Statoil)Statoil works out $40M Espirito Santo farm-in Statoil has acquired 25% interest in Espirito Santo license BM-ES-22A off Brazil, the company announced on 27 December 2012.Brazilian mining…
Court says Ecuador unlawfully seized blocksConocoPhillips' wholly owned subsidiary, Burlington Resources Inc., has received a favorable decision in the international arbitration filed against Ecuador. The Tribunal, constituted under the…
Svane license to expire due to drilling costsDONG and its partners have decided not to pursue the drilling of an appraisal well at Svane field, opting instead to let the 04/98 Svane license to expire on 1 January 2013.DONG said the decision was based on detailed technical evaluations…
Class societies unite under name DNV GL GroupAn agreement has been signed to merge DNV and GL. The new entity will be called DNV GL Group. It will be one of the world's leading ship classification societies and risk experts in the oil and gas…
UK to resume fracking with control measures The UK's Department of Energy and Climate Change (DECC) announced on 13 December that hydraulic fracturing can resume although the practice will be subject to new controls.The new controls announced…
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