Mexico seismic services company COMESA selected Paradigm as a strategic partner for its new seismic data processing center. Through the use of Paradigm software solutions for seismic processing and imaging, subsurface modeling and reservoir characterization…
Smith Bits, a Schlumberger company, introduced StingBlade, a conical diamond element bit. StingBlade bits increase run length and rate of penetration (ROP) while delivering improved steering response in directional applications. “In…
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…
Ophir Energy plc entered into an agreement with Niko Resources to acquire interests in seven deepwater production-sharing contracts (PSCs) in Indonesia. Image from Ophir. The PSCs have equity interests ranging from 18…
Total awarded Maersk Drilling’s third drillship, the Maersk Venturer, a short-term, US$17 million contract for a one-well program offshore Malaysia. Maersk says the contract is for 45 days with an option to extend for up to 40 days. The drilling program is expected to begin in December 2014…
The State Oil Company of Azerbaijan Republic (SOCAR), confirmed in a statement that four employees died in a platform accident on 23 October. According to SOCAR's statement, 'The dead bodies of three of the four employees, missing after…
Lundin Petroleum AB spudded the Kitabu-1 exploration well in Block SB307/308, offshore Sabah, Malaysia. The West Prospero. From Seadrill. The Kitabu prospect is a stratigraphic trap…
Eni made an “important” gas discovery in the Merakes exploration prospect, located in the East Sepinggan Block, offshore Indonesia. The East Sepinggan block is located in the offshore East Kalimantan (Borneo), 170km south of the Bontang…
EnQuest awarded Technip a large engineering, procurement, installation and construction (EPCI) contract for the Kraken development located in the North Sea, 400km northeast of Aberdeen and 130km east of Shetland, at a water depth of approximately 120m…
Even as European stalwarts like Statoil champion for a standardized, “Lego-style” subsea factory, it was the topic of the day at the Houston Technology Center’s Deepwater Technology Symposium. Speakers from DeepStar, FMC Technologies…
The Agence de Gestion et de Coopération entre la Guinée-Bissau et le Sénégal (AGC) awarded African-focused Impact Oil and Gas a new exploration license covering the AGC Profond block, located offshore, in the Senegal Guinea Bissau Joint Development Zone (AGC)…
The Saint-Petersburg International Mercantile Exchange (SPIMEX) began on-exchange natural gas trading. The opening ceremony was attended by Rosneft head Igor Sechin (photo, at right), who is also Chairman of the Management Board of SPIMEX…
Brazil’s Petrobras discovered gas at the Lontra well located in the Espírito Santo basin offshore Brazil. Well 4-GLF-42-ESS (Lontra) is at 1319m water depth and lies 81km offshore the city of Vitória in Espírito Santo state, within the Golfinho concession area…
UK-based Ophir Energy increased its footprint offshore Gabon by signing exploration and production sharing contracts (PSC) for two additional blocks in the area. The new blocks, A3 and A4, are located outboard of Ophir's existing acreage in the North Gabon basin…
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…
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