Aberdeen’s oil industry has pioneered global offshore harsh environment exploration, but it will need to “innovate its socks off” to maximize the North Sea’s remaining potential and remain competitive globally, a special SPE event in the Scottish city heard last night…
SOCO International announced the Lidongo X Marine-101 (LXM-101) exploration well spud in the Marine XI Block, located in the Congo Basin, offshore the Republic of Congo. The LXM-101 well is located 23km north west of Pointe Noire in a…
Irish oil and gas exploration firm Providence Resources agreed to contract with Polarcus MC Ltd. and Seabird Exploration for the provision of the 2500sq km of the 2D data in the Newgrange area, which lies in 1000m water depth in the Goban Spur basin…
Maersk Drilling has taken delivery of its second ultra harsh environment jackup, XLE-2, from the Keppel FELS shipyard in Singapore. The rig will start its mobilization to the Norwegian North Sea in approximately two weeks, where it will…
Mexico’s senate has given the final congressional approval to the country’s watershed energy reform that will open up the oil industry to private investment in a 78-26 vote late Wednesday night. The reform, which initially became law 21 December 2013…
The ExxonMobil-operated Hebron oil field hit a milestone in late July when the gravity based structure (GBS) was towed from the dry dock to the project’s Bull Arm construction site. The 180,000-tonne structure arrived 10 hours after tow-out operations began…
J2 Subsea opened a new facility in New Iberia, Louisiana. This facility, which includes a new hydraulic workshop for tool preparation, servicing and support, will provide torque tools, analysers, Webtool cutters, intensifiers, grinders…
Lundin's CEO has slated Shell and FPSO operator Bluewater for delays on the Brynhild project startup. Brynhild, which sits in the Norwegian sector of the North Sea, will be a four-well subsea tieback to Bluewater’s Haewene Brim, which produces the Shell-operated Pierce field…
Petrobras announced drilling has started on the first exploration well on the Libra pre-salt area in the Santos basin offshore Brazil. Drilling on Libra, discovered in 2010, and estimated to contain 8-12 billion boe, comes as marine production…
Statoil has said its three-well exploration campaign in the Hoop area of the Barents Sea has failed to make a commercial discovery after completing its final wildcat well on the Mercury prospect. Well 7324/9-1 on the Mercury prospect was in license 614 in the Barents Sea offshore Norway…
TGS has agreed a multi-year collaboration with FairfieldNodal to develop, plan and execute multi-client Full Azimuth Nodal (FANTM) seismic surveys across a substantial area within the US Gulf of Mexico. The initiative will combine FairfieldNodal's…
The Liberian Government and the National Oil Company of Liberia (NOCAL) have launched its latest Liberia Basin Bid Round. The round opened 5 August for three months to 31 October 2014. It comprises four undrilled offshore petroleum exploration blocks - LB-6…
Woods Hole Group today announced the appointment of Robert (Bob) P. Hamilton Jr. to President. Dennis Aubrey, who served as President since 2001, transitioned the office to Hamilton, and will serve as CEO. Hamilton joined Woods Hole Group in 1994…
France's Dassault Systèmes announced the signing of a definitive share purchase agreement for Dassault Systèmes to acquire Quintiq, a Dutch supply chain planning software firm, for approximately US$335 million (€250 million) on 23 July. Completion…
The American Petroleum Institute (API) has compiled a new web-based map tracking North American LNG export facility projects. API says approving the LNG sites are critical to US export goals: the proposed export terminals are a 'roadmap to a lower trade deficit…
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