Statoil recently halted production on the Statfjord C platform off Norway after a “limited” oil leak in to the Norwegian Sea. No injuries were reported by the firm, but its 270 crewmembers were boarded lifeboats until the leak was identified and stopped…
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…
PTTEP and Pertamina agreed to form a 50:50 joint venture to buy Hess’ assets offshore Indonesia for US$1.3 billion. The companies will gain 75% stake in Pangkah field and 23% in the Natuna Sea A field. The Pangkah transaction will be finalized in Q1 2014…
Petrobras' partners in the BC-10 development, also known as Parque das Conchas, have finalized a buyout worth approximately US$1.6 billion for the Brazilian national's 35% interest in the project. Shell will pay $1 billion for its additional 23% interest…
Encana Corp. today announced the Production Acceptance Notice (PAN) at the company's Deep Panuke offshore Nova Scotia project, issued after successful completion of a performance test of the platform. The Deep Panuke project is designed to produce up to 300 MMcf/d of natural gas from four wells…
Ceona's high-capacity flexible/umbilical pipelay and subsea construction vessel the Polar Onyx has been floated out of dry dock at Ulstein Verft yard in Norway following an intensive outfitting program. It has now moved to the shipyard quay…
Cairn India Ltd. today announced that its board of directors approved a proposal for the buyback of equity shares of the company from its existing shareholders. The buyback would be done from the open market through the stock exchanges…
International tidal technology and project developer Atlantis Resources Limited bought MeyGen, Europe’s largest tidal power project. Atlantis already held 10% of the company developing the project, MeyGen Limited. It has now bought…
Life-saving equipment firm Viking has bought a major stake in IT startup Saatsea. The firm, which will be renamed Viking Saatsea, provides cloud-based onboard training and competence management systems to industry. It was set up…
Abu Dhabi-based subsea engineering and diving services firm DCN Global has been bought by Fugro Subsea Middle East. The company, which will be renamed Fugro Subsea Services (Middle East), has primarily operated in the Middle East, Caspian…
Kazakhstan's Kashagan oilfield has resumed production after its latest delay, a shutdown on September 25 following the detection of a gas leak. Discovered in 2000, it has taken 13 years and approximately $50 billion before production started on September 11…
Houston-based Annova LNG, LLC, has filed an application with the US Department of Energy (DOE) to receive authorization to export domestic LNG to free trade agreement (FTA) countries. While the Office of the United States Trade Representative…
Thalassa has agreed a deal to buy Go Science for £3.6 million from administrators. Go Science, which employs six people, provides mobile sensor grid services and products, in the UK and overseas, to the oil and gas, defense and homeland security sectors…
Abu Dhabi-based subsea engineering and diving services firm DCN Global has been bought by Fugro Subsea Middle East. The company, which will be renamed Fugro Subsea Services (Middle East), has primarily operated in the Middle East, Caspian and African regions…
Shale gas, and now tight oil has seen an unprecedented increase in energy supply in North America. It has entirely changed the energy landscape, resulting in a dramatic fall of the gas price and reversing long-term decline in US oil supplies…
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