Mozambique puts licensing terms under review Mozambique is in the process of updating its licensing regulations ahead of its 4th Licensing Round. Arsenio Mabote, Chairman, Instituto Nacional de Petroleo (INP, the national oil company of Mozambique)…
Marine service group James Fisher and Sons is to buy diving equipment firm Divex for up to £33million.The deal will see UK-based James Fisher and Sons pay an initial consideration of £20m in cash plus a further maximum additional consideration of £13m linked to future profitability targets…
Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquires 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by ExxonMobil, under an agreement signed by the two companies. Rosneft President Igor I…
Just as CNOOC’s Fanrong Li’s luncheon keynote speech came across as defensive, Canada’s Minister of Natural Resources Joe Oliver followed a similar trail in his address at IHS CERAWeek on Wednesday. Oliver passionately made the case for his country’s oil sands…
Energy executives celebrated the oil and gas industry’s trend upward at IHS CERAWeek’s 32nd annual conference in Houston.Saudi Aramco CEO Khalid Al-Falih speaks at IHS CERAWeek on Tuesday 5 March (Photo: Audrey Leon/OEDigital)“Exaggerated…
Seadrill has exercised fixed price options for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The rigs are scheduled for delivery during the third and fourth quarter of 2015…
Subsea 7 today announced the award of a contract valued at approximately US$380 million from Statoil for the Aasta Hansteen gas field, located west of Bodø in the northern part of the Norwegian Sea.The contract comprises the design, coating…
Offshore engineering firm GMC Ltd. provides this video of the 2,500-ton CX-15 buoyant tower, touted at the world's largest, being installed at Corvina Field off Peru for BPZ Energy. The tower hull measures 69.9m with four, ring-stiffened…
US President Barack Obama announced on Monday that he will nominate Ernest Moniz and Gina McCarthy to fill vacancies at the Department of Energy and the Environmental Protection Agency, respectively. Obama nominated Ernest Moniz to US Department…
Qatar Shell GTL Ltd. granted Offshore Solutions BV (OSBV), an AMEC and Cofely Nederland NV joint venture, a variation order, adding a second offshore access system (OAS) to its current contract, OSBV announced on 4 March 2013.An OAS unit…
Keppel wins new business Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries - Keppel FELS Brasil S.A. (Keppel FELS Brasil) and Keppel Shipyard Ltd (Keppel Shipyard) - have secured two contracts worth S$200 million (US$161.54 million) from repeat customers…
Subsea services specialist ROVOP has announced £4million of investment in two new ROVs (remotely operated vehicles). ROVOP, which also strengthened its management and onshore support team earlier this year, has invested in a 3,000m rated…
TAQA, the global energy company based in Abu Dhabi, can confirm that a hydrocarbon release was detected in one of the Cormorant Alpha platform legs in the northern UK North Sea. It has now been contained with no further hydrocarbon release…
Norwegian Ministry of Defense approves sale of Olavsvern naval base outside Tromsø.Location of Olavsvern naval baseThe sale is to the investor group Triko AS which includes Odfjell Drilling, PSW Rig Service, and in cooperation with Petro Support Group…
Well control operations at Apache's Main Pass 295 in the Gulf of Mexico concluded on 28 February 2013, the company announced.Apache planned to move Rowan's Cecil Provine drilling rig to Main Pass 295 for a possible relief well (Image: Rowan)Apache…
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