The US Bureau of Ocean Energy Management and US Department of the Interior announced that Central Gulf of Mexico Lease Sale 227 will offer 28.6 million acres off Louisiana, Mississippi, and Alabama. The sale will take place this month in New Orleans…
Magma Global has strengthened its riser development team by appointing Simon Luffrum as Project Manager. Simon joins Magma from SRP (Subsea Riser Products) where he was Managing Director. Simon will initially head up Magma’s Taper…
Marine Well Containment Company (MWCC) and Wood Group PSN today announced the formation of an offshore reserve response team.Made up of 100 select reserve operations personnel, the team will be activated should MWCC’s modular capture vessels…
Perceptions may not be as bad as reality in post-conflict Libya.Hundreds of billions of dollars are expected to be spent in the cash-rich country in coming years; westerners are welcome in Tripoli; security has improved, and organizations…
Wintershall, the largest internationally active German crude oil and natural gas producer, announces the successful drilling of the own-operated Hibonite exploration well (5504/1-3).The Hibonite structure is located in the 5/06 license in the Danish sector of the North Sea…
ABB has been appointed the main electrical contractor (MEC) for a new semi-submersible central processing facility (CPF) at the Ichthys oil and gas field in the Timor Sea off Western Australia. The order is valued at $15 million. ABB was awarded the MEC contract by the engineering…
Mexico's President Enrique Pena Nieto denied rumors that the state-owned oil company Pemex (Petroleos Mexicanos) will be privatized. Pena Nieto appeared at the 75th anniversary of the expropriation of the oil industry from foreign interests…
Statoil has signed a three year contract for the Stena Carron drillship for exploration drilling in the pre-salt blocks (Blocks 38 and 39) in the Kwanza basin in Angola.The agreement managed by Stena Drilling is for a three-year fixed term with start-up Q4 2013 / Q1 2014…
A survey of more than 900 Oil and Gas companies has revealed that they are concerned that the average wage in the industry will rise 15% this year from £64,000 to £73,600.The survey by OilandGasPeople found that 70% of oil and gas companies were worried that wages were rising too fast…
PetroJunín, joint venture formed by PDVSA (60%) and Eni (40%), has started production from the Junín-5 giant heavy oil field, located in the Faja del Orinoco, the area with the largest untapped hydrocarbon reserves in the world. The block is…
North Sea offshore investment is reaching all time highs but there is limited capacity to invest to meet demand, according to a speaker at today's annual NOF Energy conference.Specialist Isabel Boira-Segarra of consultancy EC Harris, was speaking at the Energy: A Balanced Future event in Newcastle…
The confidence of Britain’s oil and gas industry is steadily increasing according to Oil & Gas UK’s business confidence index published today.Oonagh Werngren of Oil & Gas UKAn analysis of data gathered in February reveals that the sector has…
ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS)…
Repsol said its upstream unit was becoming its growth engine after posting a 56% growth in operating income to €2.208 billion compared to a 6.1% drop in the firm’s overall net income.The firm said the increase in upstream business “demonstrated…
Australian-listed exploration firm FAR says prospects offshore Kenya and Senegal “much larger than we originally assessed”.Announcing the outcome of updated prospective resource estimates following the completion of internal technical studies…
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