Total Chairman and CEO Christophe de Margerie (pictured) used his IHS CERAWeek keynote to encourage the oil industry audience to change the way oil and gas companies manage their assets. De Margerie discussed how the industry cannot tolerate rising capital expenditures…
Pharaonic Petroleum Company (PhPC) awareded OneSubsea an US$80 million subsea supply contract for the East Nile Delta END-3 development offshore Egypt. The contract calls for the supply of four well systems including subsea production equipment…
Pura Vida Energy says a rig share agreement has been signed for the drilling of two wells in the Mazagan permit offshore Morocco by the Atwood Achiever deepwater Drillship. The Atwood Achiever is contracted to Kosmos Energy under a long term hire arrangement…
Statoil and co-venturer ExxonMobil have carried out a successful first drill stem test on their Tanzania Block 2 offshore discovery Zafarani-2. The data acquired will help reduce technical uncertainties in a possible future Tanzania offshore and LNG development…
Oil and gas engineering firm Plexus Holdings has agreed a three-year contact with drilling and engineering company AGR Well Management Limited (AGR). Plexus will supply both its standard pressure and high-temperature/ high-pressure…
Houston-based Cobalt International Energy, Inc. confirmed the existence of light oil and condensate at its Orca (formerly Baleia) deepwater pre-salt exploratory well offshore Angola. The Orca No.1 well, located in block 20 at a water depth of 1880m…
Petroleum Geo-Services (PGS), with local partner Laguna and in cooperation with Petroci, is currently acquiring 2300sq km of multiclient 3D GeoStreamer data over blocks CI-506 and CI-507, offshore Côte d’Ivoire. The new MultiClient 3D GeoStreamer…
The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel. The study points to high energy demand from Africa, Asia and BRIC (Brazil, Russia, India and China) nations…
Energy Maritime Associates (EMA) predicts US$130 billion will be spent on floating production units by 2018. A report by the Society of Petroleum Engineers said that continued expansion in the use of subsea production technologies, coupled…
Saipem has won new engineering & construction offshore contracts in Indonesia and in the Republic of Congo, for a total amount of about US$520 million. In Indonesia, Eni has awarded a consortium led by Saipem the EPCI contract for a new…
UK-listed explorer Ophir Energy is eying floating LNG to develop its Equatorial Guinea gas fields and has signed a letter of intent with Petrofac to help it draw up a field development plan. Ophir has an 80% interest in Block R, in the south-eastern part of the Niger Delta complex…
CAMAC Energy announced today that a long-term contract has been signed for the floating, production, storage, and offloading vessel (FPSO) Armada Perdana for continued use offshore Nigeria. The contract provides for an initial term of five years…
BGP's seismic vessel SRV Challenger has just completed a 2700 line-km 2D seismic survey for a major international oil company offshore Madagascar in early February 2014. Within two years, BGP Challenger has acquired more than 21,986 km of 2D seismic survey offshore Madagascar…
UK-based explorer Ophir Energy has started drilling operations on the Padouck Deep-1 well on the Ntsina Block, offshore Gabon, using the Vantage Titanium Explorer drillship. Padouck Deep-1 is the first well targeting the pre-salt play offshore in the North Gabon basin…
Statoil ASA and BG Group Plc will build Tanzania’s first liquefied natural gas plant in Lindi, according to Tanzania's Minister of Energy and Minerals, Sospeter M. Muhongo, speaking in Oslo on Friday. Muhongo, previously a professor of geology at the University of Dar es Salaam…
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