Petroleos Mexicanos (Pemex) and Chevron entered into a memorandum of understanding (MOU) intent on increasing cooperation in areas such as deepwater, heavy oil and mature fields. The preliminary deal also covers collaboration on natural gas…
The American Association of Petroleum Geologists (AAPG) and the Society of Exploration Geophysicists (SEG) announced a joint venture to co-present oil and gas events around the world to provide their members and the oil and gas global industry…
Drilling has completed on Lundin Petroleum's Gobi-1 wildcat in the Gurita production sharing contract (PSC), located off Indonesia in the Natuna Sea’s West Natuna basin. The prospect is being plugged and abandoned after failing to find hydrocarbons…
Energy services company Proserv has signed an agreement to be acquired by major US private equity investor Riverstone Holdings LLC. Riverstone Global Energy and Power Fund V, LP, in partnership with Proserv management, will acquire 100% of Proserv shares from Intervale Capital…
CNOOC Ltd. made a new, “mid-to-large” discovery at Jinzhou 23-2 in Bohai, offshore China. The Jinzhou 23-2 structure is located in the north part of Liaodong Uplift of Bohai with an average water depth of about 10m. The well Jinzhou…
Chevron Corp. made a new oil discovery in the Keathley Canyon Block 10 located at the Guadalupe prospect in the deepwater US Gulf of Mexico. Transocean’s Discoverer India. From Chevron. Well No…
InterMoor, an Acteon company, has completed two major offshore projects for China Offshore Oil Engineering Corporation (COOEC). To extend the life of the Hai Yang Shi You III FPSO, the first project involved full mooring system replacement in the Panyu field…
ConocoPhillips kicked-off the drilling campaign on its Eldfisk II project with Maersk Innovator. Five wells have been pre-drilled, and the drilling operations of the remaining 35 wells has now begun. Eldfisk II is one of four fields that comprise the Greater Ekofisk Area…
Updated at 22 October 2014 at 3 p.m. Pemex called off the evacuation of its 15,000 workers in the Bay of Campeche after severe weather conditions improved. Earlier today, OE reported that Mexican national Pemex began evacuating its…
Lundin Petroleum shows how the production platform for the Edvard Grieg field has moved from the drawing board to reality, and is now beginning to resemble a real offshore platform. First oil from the field is scheduled during the 4Q 2015…
Statoil discovered new oil resources in the D-structure at well 25/8-18 S in PL169, near the Grane field, in the North Sea. Map from Statoil. The D-structure is located on the Utsira High…
NOV has restructured into three business segments: NOV Rig Systems, NOV Wellbore Technologies, and NOV Completion & Production Solutions. NOV Rig Systems makes and supports drilling solutions, designing and manufacturing drilling equipment components…
Perth, Australia-based Woodside Petroleum will farm into 30% of the Tilapia production sharing contract offshore Cameroon, the company announced on 14 October. The company signed an agreement with Tilapia partners Noble Energy and Glencore for the block…
AccessESP unveiled its next generation, rigless electric submersible pump(ESP) conveyance system, Access375. Access375 is the fourth generation, single section, permanent magnet motor and is one fifth the length and weight of a conventional induction motor…
Petrobras has begun production from FPSO Cidade de Mangaratiba, located in Block BM-S-11 of the giant Lula field. The start-up represents the first in the Iracema Sul area of the presalt Santos basin, located 300km off the coasts of the Rio de Janeiro and São Paulo states…