Eni's Australian subsidiary decided to shed its stake in the Heron area off Northern Australia after opting out of plans to drill a second well inside permit area NT/P68. The Italian explorer also elected to hold its current 50% share in the Blackwood area…
CGG received another major commitment to its Gulf of Mexico StagSeis multi-client program with the prefunding of the entire 871-offshore-block program by an international E&P company. StagSeis is a CGG multi-client solution that combines…
Hess Corp. is moving forward with the US$6 billion development of the Stampede Field in the deepwater Gulf of Mexico after a final investment decision was reached. Stampede, a joint development of the earlier Knotty Head and Pony discoveries…
Deltamarin Ltd. entered into a contract with Jurong Shipyard Pte Ltd. for the conversion of Teekay’s Navion Norvegia to the Libra floating production, storage and offloading unit (FPSO), for operations in the Libra field, offshore Brazil…
UK North Sea production is expected to remain flat in 2014, marking the first time in 15 years the industry has not seen a production decline in the basin. Production declines on the UK Continental Shelf had been steadily dropping at a rate of 7-8% per year…
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…
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