Mexico City-based Sierra Oil and Gas secured equity commitments of US$525 million on Friday to develop projects in Mexico’s recently opened energy sector. Sierra, Mexico’s first independent exploration and production company, plans to participate in exploration…
The Edison Chouest Offshore (ECO) family of companies has started construction on a massive logistics support base and naval repair shipyard for its own vessels at the Port of Açu, in São João da Barra, northern Rio de Janeiro state, Brazil…
CGX Energy Inc. entered into a seismic contract with Prospector PTE. Ltd. to conduct a 3116.74sq km 3D seismic survey on Demerara Block, offshore Guyana. The contract represents one of the most extensive 3D seismic studies ever conducted…
Wärtsilä and MAN Diesel & Turbo are continuing with a new Hercules-2 project, pending approval under the Horizon 2020 EU Framework Program for Research and Innovation. The Hercules-2 project is aimed at developing a fuel-flexible marine…
Polarcus completed acquisition of a major new 3D broadband multi-client project in the southern Porcupine Basin, offshore southwest Ireland. The 4300sq km survey, undertaken in partnership with ION GeoVentures, saw the 3D seismic vessel…
TGS is continuing its Explorer series seismic acquisition program in the deepwater US Gulf of Mexico with Panfilo 3D. Panfilo 3D will add 11,500sq km to TGS' multi-client library in the Lund and Henderson Central Gulf of Mexico protraction areas…
London-based Golar LNG Ltd. (GLNG) has appointed Sir Frank Joseph Chapman to the Board of Directors and as the company's Chairman, effective 19 September 2014. Sir Frank Chapman has worked 40 years in the oil and gas industry, culminating…
Total's production should grow to about 2.8MMboe/d in 2017, as 15 major projects start-up in the period from now, the French super major said today (22 September). But, strict capital discipline will also be key, in addition to selling an additional US$10 billion of assets in 2015-17…
Sevan Drilling has agreed a 'standstill' arrangement with Cosco (Qidong) Offshore over its drillship, the Sevan Developer. Significant delays in the build of the new deepwater drilling facility, and a drop in the market for deepwater units…
Rio Oil and Gas’ final day included a presentation on how nanotechnology can play a role in exploration and recovery. The oil and gas sector, with the support of IBP (Brazilian Petroleum Institute), is working on a nano agent capable of increasing oil recovery by 20%…
The 17th Rio Oil & Gas, one of three major events of the industry in the world, has come to a close on 18 September. Some points highlighted by João Carlos de Luca, president of Brazilian Petroleum, Gas and Biofuels Institute (IBP) included the volume of business conducted…
Singapore-based Marine Contracting Pte Ltd. has received an engineering, procurement, construction, and installation contract (EPCI) from Rotterdam-based Jord Oil & Gas Systems BV (JOGS) to install an interconnecting bridge and tripod support…
ExxonMobil and Rosneft will end drilling operations in the Kara Sea due to Western sanctions. The West Alpha ExxonMobil released a statement today (19 September), which said the supermajor will comply with all US sanctions…
Brazil's state-run oil company, Petroleo Brasileiro, will sign a contract to build and lease a floating production ship for its Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on 18 September, as reported by Reuters…
The Republic of Côte d’Ivoire will offer new petroleum exploration concessions, delineating new offshore blocks in deep and ultradeep water of the Côte d’Ivoire sedimentary basin. The details will be presented on 14 October, in Houston, Texas…
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