Duma Energy Corp. signed a Letter of Intent to acquire 100% of the outstanding stock of Houston-based Hydrocarb Corp. In August 2012, Duma purchased a 39% working interest in Hydrocarb’s highly prospective 5.3 million-acre Owambo Basin concession in northern Namibia…
Mexican President Enrique Peña Nieto proposed his plans to reform Mexico’s energy industry in an effort to ease restrictions on foreign investment. The plan calls for amendments to articles 27 and 28 of the Mexican Constitution, which…
Fugro Chance Inc. provided three-dimensional (3D) acoustic metrology on a large 36-inch (91 cm) diameter spool piece, despite environmental and logistical challenges. The highly accurate metrology was performed from a platform in Enlace Litoral Tabasco…
Drydocks World announced today that the world’s first Modular Capture Vessel (MCV), Eagle Texas, sailed away from its yard. The conversion of the AFRA max tanker was carried out by Drydocks World – Dubai and was completed for Singapore based AET…
The US Bureau of Ocean Energy Management (BOEM) yesterday announced availability of a revised environmental assessment (EA) and its finding of no significant impact (FONSI) for lease issuance to conduct marine hydrokinetic technology testing offshore Florida…
Halliburton entered into an agreement of cooperation with Gazprom Neft for the introduction of new technologies to improve operational efficiency in Gazprom Neft fields. Enhancement of mature field development efficiency and implementation…
The United States Energy Information Administration (EIA) issued news release on 9 August with its forecast that China's net oil imports will exceed those of the U.S. by October 2013 on a monthly basis, and by 2014 on an annual basis, making China the largest oil importer in the world…
W&T Offshore, Inc. (NYSE: WTI) announced on 25 July 2013 that it made a subsalt discovery in a deep shelf exploratory target beneath its Ship Shoal 349 Mahogany field. The SS 359 A-14 well exceeded expectations and is currently producing from the targeted T-sand (in excess of 17…
The National Oceanic and Atmospheric Administration (NOAA), part of the US Dept. of Commerce, issued its updated Atlantic hurricane season outlook on 8 August 2013, saying the season is shaping up to be above normal with the possibility that it could be very active…
Ranger Offshore Inc. added the DSV Lewek Toucan to its fleet of vessels. The Lewek Toucan, built in 2006, is a 290’ DP-2 multipurpose offshore support vessel with a 120 ton active heave compensated crane, moon pool, helideck, 1,000-ton cargo deck…
St. Louis, Missouri-based Emerson Process Management, a business of Emerson, acquired Groveley Detection Ltd., a leading innovator and developer of ultrasonic gas leak detection solutions for both offshore and onshore oil and gas installations…
The BG Group and Southern Union-backed Lake Charles Exports LLC has received approval from the US Department of Energy (DOE) to export US-produced liquefied natural gas (LNG) to non-Free Trade Agreement (FTA) countries. Lake Charles previously…
Mexico’s Cotemar group announced that Safe Regency has been awarded a contract extension and option through 31 March 2014, continuing at US$75,000/day. The Safe Regency provides accommodation at Pemex's Cantarell field under a bareboat charter contract in the Gulf of Mexico…
Shell has hit an oil-bearing zone at its Yucatan North-1 exploration well in the US Gulf of Mexico, Shell's partner Inpex confirmed. The oil-bearing zone, located within Walker Ridge 95/96/139/140 blocks, contains approximately 36m net pay…
Drilling on a relief well at South Timbalier 220 in the US Gulf of Mexico began Sunday, August 4, using the Rowan EXL-3 jack-up rig, the Bureau of Safety and Environmental Enforcement (BSEE) announced. On July 23, Walter Oil and Gas Corp…
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