Oil Production & Production News

Quantum Energy Partners forms Renaissance to acquire offshore oil, gas properties

Tue, 07 Feb 2012 16:28:00 GMT

Houston-based private equity firm Quantum Energy Partners has once again formed a company to acquire US oil and gas properties, reports Bloomberg. Only this time, the newly-formed company will focus on offshore US oil fields.

Subsea 7 wins BP contract for Clair Ridge project

Thu, 02 Feb 2012 23:15:00 GMT

Subsea 7 SA has been awarded of a contract valued at approximately $100 million from BP Exploration Operating Co. Ltd. for the Clair Ridge Project, West of Shetland.

Shaw resigns Transocean VP post

Thu, 26 Jan 2012 00:01:00 GMT

Robert S. Shaw notified Transocean Ltd. of his resignation as vice president, controller, and principal accounting officer to pursue other opportunities.

Texcom opens new liquid disposal site in heart of Eagle Ford Shale

Wed, 25 Jan 2012 18:48:00 GMT

Houston-based TexCom Inc., an environmental services company for the oil and gas industry, has opened its new liquid disposal site, owned and operated by its wholly owned subsidiary Eagle Ford Environmental Services LLC.

Blake International names president, CEO

Wed, 11 Jan 2012 18:32:00 GMT

Privately held offshore rig provider Blake International Rigs has promoted Beau Blake from VP of business development and administration to president and CEO of USA and Mexico, effective immediately.

EnerJex completes 50th new well in Rantoul Project

Thu, 05 Jan 2012 17:45:00 GMT

San Antonio-based EnerJex Resources Inc. (OTCMarkets:ENRJ) said Jan. 5 that it has completed drilling 50 new wells in its Rantoul Project located in Eastern Kansas.

Tendeka secures frame agreement with Statoil

Wed, 28 Dec 2011 17:50:00 GMT

Tendeka, a provider of completions and reservoir monitoring products and services to the upstream oil and gas industry, has secured a major frame agreement with Statoil for the provision of sand screens and inflow control devices and services for use on the Norwegian Continental Shelf.

EnerJex sells $4 million in non-core assets

Wed, 21 Dec 2011 22:29:00 GMT

San Antonio-based EnerJex Resources Inc. said Dec. 21 that it has sold certain non-core assets in eastern Kansas for $4 million in cash.

With acquisition, Mustang increases automation, control capabilities in Latin America

Mon, 19 Dec 2011 20:15:00 GMT

Mustang, a Wood Group company, said December 16 that it has acquired a majority stake in ISI Solutions for an initial consideration of US$5.2 million.

Flotek names Fisher executive VP, global business development

Mon, 19 Dec 2011 16:07:00 GMT

Flotek Industries Inc. has named Marc K. "Kevin" Fisher executive vice president, global business development.

Cameron agrees to $250M settlement with BP over Deepwater Horizon incident

Fri, 16 Dec 2011 17:04:00 GMT

Cameron International Corp. has come to an agreement with BP whereby BP will indemnify Cameron for current and future compensatory claims against Cameron associated with the Deepwater Horizon incident.

Recent GOM lease sale bodes well for offshore oil service providers

Thu, 15 Dec 2011 17:05:00 GMT

Results of the recent Gulf of Mexico lease sale are a positive indicator that oil and gas exploration and production companies have become increasingly more comfortable with the direction of the US regulatory environment and bode well for offshore oil service providers, said Global Hunter Securities analysts.

Chevron makes natural gas discovery offshore Western Australia

Thu, 15 Dec 2011 16:30:00 GMT

Chevron Corp.’s Australian subsidiary has made a natural gas discovery in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia.

Superior Energy Services adds Kinnear as director

Wed, 14 Dec 2011 14:00:00 GMT

Superior Energy Services Inc. has appointed Peter D. Kinnear to serve as a director until the 2012 annual meeting of stockholders.

CNOOC continues NOC drive into US with Nexen Gulf of Mexico JV

Wed, 30 Nov 2011 16:33:00 GMT

One day after Nexen Inc. sold a 40% share in certain gas assets in British Columbia for $700 million, the Canadian oil company formed a joint venture with China's CNOOC Ltd. in the Gulf of Mexico.

Oceaneering International to buy AGR FO for $240M

Wed, 23 Nov 2011 15:16:00 GMT

Oceaneering International Inc. has entered into a definitive agreement to acquire AGR Field Operations from AGR Group ASA for $240 million including acquired debt.

DOE selects projects aimed at reducing ultra-deepwater drilling risks

Wed, 23 Nov 2011 14:56:00 GMT

The US Department of Energy’s Office of Fossil Energy has selected six new natural gas and oil research projects aimed at reducing risks and enhancing the environmental performance of drilling in ultra-deepwater settings.

Former oil executive opposes Cuban rig inspection

Mon, 31 Oct 2011 14:31:00 GMT

Speaking on Platts Energy Week, an all-energy news program, on Oct. 30, a veteran energy executive said he thinks the US Department of the Interior is overstepping its boundaries by inspecting an oil rig set to drill in Cuban waters ahead of its arrival there.

Chevron adds to Australian portfolio with Carnarvon Basin natural gas discoveries

Fri, 28 Oct 2011 14:00:30 GMT

ENI boosts Mozambique gas discovery estimate to 7.5 tcf

Thu, 27 Oct 2011 17:50:40 GMT

Italy’s Eni said October 27 that the recently discovery of gas made in the exploratory prospectus of Mamba South 1, Area 4 offshore Mozambique, is about 50% larger than what was announced October 20.

UTEC Survey names Ranieri Business Development Director in Italy

Thu, 27 Oct 2011 15:40:00 GMT

UTEC Survey, one of the world’s largest independent survey companies, has named Giovanni Ranieri as the new Business Development Director at UTEC Survey Mediterranean located in Naples, Italy.

Maersk Drilling secures deepwater rig contract

Tue, 25 Oct 2011 21:05:10 GMT

Maersk Drilling has signed a contract with BP for the ultra deepwater semi-submersible MAERSK DISCOVERER for work initially offshore Egypt.

Sackschewsky joins BDO as tax partner

Tue, 25 Oct 2011 20:50:00 GMT

Clark Sackschewsky has joined accounting and consulting firm BDO USA as a tax partner in the firm’s Houston office.

Chevron begins gas production from Platong II project in Gulf of Thailand

Mon, 24 Oct 2011 14:36:00 GMT

Chevron Corporation said Oct. 24 that its Thailand subsidiary has commenced natural gas production from the Platong II project in the Gulf of Thailand.

Statoil appraisal well confirms 'giant oil discovery' on Norwegian shelf

Fri, 21 Oct 2011 16:36:00 GMT

Norway’s Statoil, together with partners Petoro AS, Det norske and Lundin, has confirmed significant additional volumes in its appraisal well in the Aldous Major South discovery (PL265) in the North Sea.

Yergin: Death of Qaddafi will have limited impact on Libyan oil production

Thu, 20 Oct 2011 21:50:20 GMT

IHS CERA Chairman Daniel Yergin says that news of the death of Libyan dictator Muammar Qaddafi will have a minimal impact on Libyan oil production and global oil markets.

Grubbs joins BDO natural resources practice as partner

Thu, 20 Oct 2011 15:45:30 GMT

BDO USA LLP, an accounting and consulting organization, has appointed Mike Grubbs to assurance partner in the natural resources industry practice.

Spectrum Geo releases details of seismic data for second offshore Iceland licensing round

Wed, 19 Oct 2011 15:05:40 GMT

Seismic specialist Spectrum Geo has released details of more than 10,000 km of 2D multi-client seismic data located over the Dreki/Jan Mayen Ridge (JMR) area off the northeastern coast of Iceland.

Pacific Rubiales enters exploration agreement with Maurel & Prom in Peru

Thu, 13 Oct 2011 15:40:30 GMT

Pacific Rubiales Energy has signed a letter of intent with Les Etablissements Maurel & Prom S.A. pursuant to which the company has acquired a 50% working interest in the exploration contract for Block 116 located in northeastern Peru.

Freestone, MEA partner to treat, recycle frac water

Thu, 13 Oct 2011 15:35:00 GMT

Freestone Resources Inc. has formed a joint venture with MEA Solutions to deliver a total solution for water resource management in the oilfield services sector.

BrightSource delivers largest solar-to-steam facility for EOR to Chevron

Thu, 06 Oct 2011 19:20:10 GMT

BrightSource Energy Inc., is using its LPT solar thermal technology for use in the world’s largest enhanced oil recovery (EOR) project. The solar facility, built for Chevron Technology Ventures, a division of Chevron USA, began operations October 3, in Coalinga, California.

Wood Mackenzie: Giant Aldous, Avaldsnes Field third largest Norwegian oil discovery

Wed, 05 Oct 2011 16:50:10 GMT

Wood Mackenzie’s analysis of the giant Aldous/Avaldsnes discovery appraisal program reveals the potential value of the field could now be as much as US$13 billion.

Petrobras partners with Shell in offshore Tanzania

Mon, 03 Oct 2011 23:15:10 GMT

Petrobras, through its subsidiary Petrobras Tanzania Ltd., has just partnered with Shell Deepwater Tanzania BV. On Sept. 16, Tanzanian authorities approved a farm-out agreement by which Shell acquired a 50% interest in offshore Blocks 5 and 6.

Saratoga Resources finds Louisiana offers abundant low-risk opportunities

Sat, 01 Oct 2011 05:00:00 GMT

AN INTERVIEW WITH THOMAS COOKE, CHAIRMAN AND CEO, AND ANDY CLIFFORD, PRESIDENT, OF SARATOGA RESOURCES

Tax credits and incentives: How to increase jobs, spur innovation, and grow the bottom line

Sat, 01 Oct 2011 05:00:00 GMT

Due to exponentially increasing energy demands and ever-changing regulations, the oil and gas industry is currently scrambling to develop the most efficient possible solutions to many complex issues.

An uneven playing field exists in oil vs gas pipeline development

Sat, 01 Oct 2011 05:00:00 GMT

The dramatic growth of shale gas development in the United States over the last five years has led to countless new pipeline projects designed to move natural gas from unconventional production areas to market.

Tax credits and incentives: How to increase jobs, spur innovation, and grow the bottom line

Sat, 01 Oct 2011 05:00:00 GMT

Due to exponentially increasing energy demands and ever-changing regulations, the oil and gas industry is currently scrambling to develop the most efficient possible solutions to many complex issues.

Detcon to join Industrial Safety Technology Platform

Wed, 28 Sep 2011 22:30:30 GMT

Industrial Safety Technology LLC has acquired Houston-based Detcon, a provider of fixed gas detection products.

GAC boosts oil, gas services in Brazil

Mon, 26 Sep 2011 19:10:20 GMT

Dubai-based shipping, logistics, and marine services provider GAC is strengthening its logistics and oil & gas services in Latin America with two new appointments at GAC Brazil.

Spectrum acquires CGG Veritas' 2D marine multi-client library in $40 million deal

Thu, 15 Sep 2011 15:30:40 GMT

Spectrum Geo Inc. has completed the purchase of the marine 2D multi-client library of CGGVeritas, which doubles the size of its multi-client portfolio.

Lloyd's Register working with industry to develop RM software to monitor BOPs

Tue, 13 Sep 2011 16:05:40 GMT

Lloyd’s Register is working with companies in the oil and gas sector to improve current methods of monitoring the performance of blow-out preventers (BOP) and reduce the risks for one of the industry’s most safety-critical pieces of equipment.

Lufkin to pay $303 million for Quinn Oilfield Supply assets

Wed, 07 Sep 2011 19:00:40 GMT

Lufkin Industries Inc. has agreed to acquire substantially all of the assets of Quinn's Oilfield Supply Ltd. including certain affiliates for approximately $303 million.

Reservoir Group expands portfolio in South America

Wed, 07 Sep 2011 15:05:40 GMT

Reservoir Group member and international coring specialist Corpro has announced plans to expand its South American operations, with new premises and appointments in Colombia and Brazil.

Chevron hits oil in deepwater US Gulf of Mexico

Tue, 06 Sep 2011 21:00:10 GMT

Chevron Corp. has made a new oil discovery at the Moccasin prospect in the deepwater US Gulf of Mexico.

Ward Williston divests oilfield service division

Wed, 31 Aug 2011 18:55:20 GMT

Privately-held Ward Williston Oil Co. has sold its Westhope, North Dakota-based oilfield service division to an affiliate of Missouri Basin Well Service Inc. for an undisclosed amount.

Aker Solutions wins drilling equipment contract

Fri, 26 Aug 2011 18:20:00 GMT

Aker Solutions has received a Letter of Award from Daewoo Shipbuilding & Marine Engineering (DSME), to supply two drilling equipment packages to the new 'Cat D' drilling rigs the yard is building for the rig operator Songa Offshore.

Third well goes on stream at ATP's Telemark Hub in Gulf of Mexico

Wed, 24 Aug 2011 20:25:50 GMT

ATP Oil & Gas Corporation said Aug. 24 that it has begun producing oil at its Mississippi Canyon Block 941 A-2 (#4) well in the deepwater Gulf of Mexico.

Kosmos Energy discovers light oil at Akasa-1 well in offshore Ghana

Wed, 24 Aug 2011 19:00:00 GMT

Dallas-based Kosmos Energy said Aug. 23 that it had a light oil discovery at the Akasa-1 exploration well on the West Cape Three Points Block offshore the Republic of Ghana (West Africa).

Malaysia's Petronas to spend US$5 billion to develop offshore gas fields

Tue, 23 Aug 2011 20:20:30 GMT

The Malaysian national oil company, Petronas, said Aug. 23 that it will spend more than US$5 billion with several unnamed partners to develop gas fields offshore in order to meet growing demand at home.

BOEMRE sets offshore lease sale in GOM for Dec. 14 in New Orleans

Mon, 22 Aug 2011 22:15:20 GMT

The US bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE) has scheduled the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon blowout and oil spill in April 2010.

Anadarko awards pre-FEED contract to KBR for liquefaction plant in Mozambique

Mon, 22 Aug 2011 22:00:20 GMT

KBR said Aug. 22 that it was awarded a contract by Anadarko Mozambique Area 1, Ltd., to perform a pre-front-end-engineering and design (pre-FEED) study for a prospective liquefied natural gas plant in Mozambique, East Africa.

SandRidge and Atinum Partners in $500 million JV in Mississippi Lime formation

Thu, 04 Aug 2011 22:00:20 GMT

On Aug. 4, SandRidge Energy (NYSE: SD) said it has entered into a joint venture with an affiliate of Atinum Partners Co., Ltd., a private investment firm located in the Republic of Korea.

Models show TS Don should miss main oil and gas production areas

Thu, 28 Jul 2011 14:41:00 GMT

The fourth tropical system of the 2011 Atlantic hurricane season, Tropical Storm Don, formed near the Yucatan Peninsula Wednesday afternoon, July 27. The small tropical storm is expected to continue on a northwest path Thursday while gradually strengthening and picking up speed.

Expro establishes new operating base in Newfoundland, Canada

Mon, 25 Jul 2011 15:15:50 GMT

International oilfield services company Expro has established a new, purpose-built operating base in Newfoundland, Canada.

IHS Study: Fully restoring oil and gas activity in the GOM will create 230,000 jobs

Fri, 22 Jul 2011 20:20:30 GMT

Fully returning the pace of oil and gas plan and permit approval activity under the new regulatory regime to levels that support the oil industry’s capacity to responsibly explore and operate in the Gulf of Mexico would add $44 billion to US gross domestic product while supporting nearly 230,000 jobs—one third of which would be outside of the Gulf region, according to a new IHS CERA/IHS Global Insight study. An additional $22 billion in new wages and compensation would also be realized.

Bill dedicates oil spill fines to restoring Gulf communities, economies, ecosystems

Fri, 22 Jul 2011 14:55:40 GMT

A coalition of organizations supporting restoration efforts along the US Gulf of Mexico coast celebrated news July 22 that a bipartisan coalition of Gulf senators is co-sponsoring the RESTORE Gulf Coast States Act in Congress.

Maersk builds fleet with $1.3B drillship option

Tue, 05 Jul 2011 19:25:10 GMT

Maersk Drilling, a business unit within the A.P. Moller- Maersk group, has declared its option to build two ultra deepwater drillships at Samsung Heavy Industries in South Korea.

Petrobras announces two new finds in the Espirito Santo Basin

Tue, 05 Jul 2011 19:20:40 GMT

Petrobras has announced two additional oil and gas finds in the Espírito Santo basin, in the BM-ES-23 concession area, block ES-M-525.

Statoil awards semisub build to Songa Offshore

Tue, 05 Jul 2011 19:00:20 GMT

Songa Offshore's 100% owned subsidiary, Songa Rig AS, has received and accepted a Letter of Award (LOA) from Statoil for two new build "Cat-D" semisubmersibles with 8 year terms extendable to 20 years.

Deepwater GOM operator ATP will explore offshore Israel

Fri, 01 Jul 2011 05:00:00 GMT

AN INTERVIEW WITH ATP OIL & GAS

Mustang completes engineering for Arctic production facility modules

Tue, 28 Jun 2011 15:40:40 GMT

Houston-based Mustang, a Wood Group company, provided the detail engineering, design, and procurement services for two processing modules for the new Eni Nikaitchuq processing facility on the North Slope of Alaska, 60 miles west of Prudhoe Bay.

BOEMRE approves BHP Billiton GOM drilling permit

Wed, 01 Jun 2011 18:35:20 GMT

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) has approved a Gulf of Mexico drilling permit submitted by BHP Billiton.

Noble Energy makes Santiago discovery in GOM

Tue, 31 May 2011 14:25:20 GMT

Noble Energy Inc. has made a discovery at the Santiago exploration prospect in the deepwater Gulf of Mexico.

Baker Hughes to develop Russia fields for UK's Terra Resources

Wed, 25 May 2011 19:20:20 GMT

Terra Resources PLC, a London-based independent oil and gas company listed on the Frankfurt Stock Exchange, has engaged Baker Hughes to manage the development of its oil and gas assets in Russia.

ExxonMobil to extract additional oil from West Texas field

Tue, 10 May 2011 15:30:20 GMT

ExxonMobil Production Company said May 10 that drilling and construction have started on an enhanced oil recovery project at the Means Field in Andrews County, Texas.

Petrobras awards $130M subsea equipment contract to FMC Technologies

Wed, 04 May 2011 17:05:30 GMT

On May 3, Petrobras awarded FMC Technologies Inc. a $130 million contract to supply two subsea separation and boosting systems for the Congro and Corvina fields, located offshore Brazil in the Campos Basin.

Technip wins GoM Spar platform agreement from BP

Tue, 03 May 2011 16:45:00 GMT

Technip has been awarded a 10-year master agreement by BP Exploration and Production Inc.

Dynamic Offshore Resources acquires GoM properties in separate deals

Mon, 02 May 2011 20:50:10 GMT

On May 2, Dynamic Offshore Resources LLC said it had acquired additional Gulf of Mexico properties in two separate transactions. Both acquisitions were from foreign-domiciled owners that made a strategic decision to exit the shelf. The transactions, which have a combined purchase price of $42.5 million, were funded with cash on hand.

Coastal governors form Outer Continental Shelf coalition

Mon, 02 May 2011 19:41:00 GMT

Governors from four key coastal US states said Monday, May 2, they are forming the Outer Continental Shelf (OCS) Governors Coalition, a group whose goal will be to promote a constructive dialogue between the federal government and states when it comes to the responsible development of energy resources offshore.

A measured approach to managing oilfield services consolidation

Sun, 01 May 2011 05:00:00 GMT

A measured approach to managin oilfield services consolidation

ONGC awards Baker Hughes deepwater drilling, evaluation contract

Thu, 28 Apr 2011 17:00:40 GMT

Oil and Natural Gas Corporation of India has awarded Baker Hughes a five-year contract to provide drilling and evaluation services and to manage third-party services for the Platinum Explorer drillship.

CROSCO to begin drilling in Kurdistan region of Iraq

Mon, 11 Apr 2011 19:00:00 GMT

Rotary Drilling Company, a wholly-owned subsidiary of Zagreb, Croatia-based CROSCO Integrated Drilling & Well Services Co. Ltd., said April 11 that it would begin providing drilling services for Kalegran Limited in the Kurdistan region of northern Iraq. Kalegran is a subsidiary of MOL Hungarian Oil and Gas Company.

Hercules Offshore being investigated for violation of securities laws

Fri, 08 Apr 2011 16:20:20 GMT

Hagens Berman LLP, a nationwide, investor-rights law firm, is investigating Hercules Offshore to determine if the company violated securities laws after the announcement of a Securities and Exchange Commission (SEC) investigation of certain of the company’s activities.

ATP receives its second GOM deepwater permit

Fri, 08 Apr 2011 16:15:10 GMT

ATP Oil & Gas has received its second Gulf of Mexico deepwater permit since the termination of the moratorium.

Halliburton to create jobs with new manufacturing facility in Lafayette

Tue, 05 Apr 2011 20:10:50 GMT

Halliburton, with the help of the Louisiana Economic Development Authority, plans to construct a new manufacturing facility in Lafayette. The new facility will produce complex machined components for oilfield service operations with state-of-the-art manufacturing equipment.

Statoil, KazMunayGas sign Caspian Sea agreement

Thu, 31 Mar 2011 18:00:00 GMT

Statoil and KazMunayGas have signed the Heads of Agreement (HoA) on the Abay block in the Kazakhstani sector of the Caspian Sea.

Expro wins well test, subsea services contract in North Sea

Thu, 31 Mar 2011 17:00:00 GMT

Well testing and subsea services provider Expro International Group has been awarded a UK well test and subsea services contract with EON Ruhrgas.

Shell granted first new deepwater well permit in GOM since Deepwater Horizon explosion

Wed, 30 Mar 2011 22:15:20 GMT

On March 30, nearly a year after the April 20, 2010 explosion that sunk the Deepwater Horizon drilling platform 40 miles off the coast of Louisiana, the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved a deepwater drilling permit for a new well that was described in Shell Offshore Inc’s recently approved Exploration Plan.

Statoil awards US$180 million subsea contract to Aker Solutions

Wed, 30 Mar 2011 14:05:10 GMT

Aker Solutions has been awarded a letter of intent by Statoil for the engineering, procurement, and construction of a subsea production system for the Fossekall-Dompap project on the Norwegian continental shelf.

Iraq's West Qurna I field reaches oil production milestone

Mon, 28 Mar 2011 21:20:30 GMT

On March 28, ExxonMobil Iraq Limited, together with the South Oil Company of Iraq and co-venturers Shell West Qurna BV and Oil Exploration Company of Iraq, announced a major production milestone in the redevelopment of the West Qurna I oil field in Southern Iraq.

W&T Offshore, Stone Energy join Helix Well Containment Group

Wed, 23 Mar 2011 18:30:40 GMT

W&T Offshore and Stone Energy Corp. have joined The Helix Well Containment Group (HWCG), increasing the group’s membership to 22 deepwater oil and gas operators.

Rockhopper discovers significant oil column in Falkland Islands

Mon, 21 Mar 2011 22:00:00 GMT

Rockhopper Exploration has discovered a significant oil column in an appraisal well in the North Falkland Islands Basin in the South Atlantic Ocean.

Halliburton gets Thailand contract extension

Mon, 21 Mar 2011 19:50:30 GMT

Halliburton has been awarded a $120 million, three-year contract extension by Chevron Thailand for the provision of directional drilling, measurement-while-drilling (MWD) and logging-while-drilling (LWD) services for its ongoing offshore developments in the Gulf of Thailand.

ATP receives deepwater Gulf of Mexico drilling permit

Fri, 18 Mar 2011 20:05:50 GMT

Houston-based ATP Oil & Gas Corporation said March 18 that it has received a permit to resume drilling the Mississippi Canyon Block 941 #4 well in the deepwater Gulf of Mexico.

BOEMRE approves first-ever use of deepwater FPSO facility in the Gulf of Mexico

Fri, 18 Mar 2011 18:40:20 GMT

On March 18, the Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE) provided the final approval necessary for Petrobras America Inc. to begin oil and natural gas production at its Cascade-Chinook project using a Floating Production Storage Offloading (FPSO) facility. This will be the first time this technology is used in the US Gulf of Mexico.

ConocoPhillips awards Aker Solutions $983MM Eldfisk EPC contract

Fri, 18 Mar 2011 18:15:10 GMT

Norway’s Aker Solutions has signed an EPC contract with Houston-based ConocoPhillips to deliver the topside and bridges of the production platform for the Eldfisk 2/7 S in the North Sea. The contract value is approximately NOK 5.5 billion (US $983.4 million).

Apache joins Marine Well Containment Company

Wed, 16 Mar 2011 20:35:20 GMT

The Marine Well Containment Company (MWCC) said March 16 that Apache Deepwater LLC, a subsidiary of Apache Corporation, has joined as a member.

Maersk Oil UK confirms Culzean gas discovery

Thu, 10 Mar 2011 16:10:30 GMT

Maersk Oil announced today that the appraisal well 22/25a-10z in the high pressure high temperature Culzean discovery has confirmed the presence of a significant hydrocarbon accumulation.

GE grows FPSO segment with $1.3B acquisition of Wellstream

Tue, 08 Mar 2011 19:35:30 GMT

GE Oil & Gas is expanding its subsea manufacturing and services portfolio with the $1.3 billion acquisition of Wellstream Holdings.

Cameron benefits from rising subsea demand, signs $200M contract with ConocoPhillips

Tue, 08 Mar 2011 15:10:20 GMT

Fugro gains subsea services strength with acquisitions

Fri, 04 Mar 2011 18:25:50 GMT

Oil and gas services provider Fugro has reached agreements with two companies recently, Riise Underwater Engineering AS, and TSmarine Group Holdings Pty Ltd. as part of a ramp-up in its subsea services sector.

FMC wins $125M contract from Petrobras adding to stack of recent subsea deals

Thu, 03 Mar 2011 18:35:30 GMT

On March 2, FMC Technologies received a $125 million order from Brazil’s national oil company, Petrobras, to supply equipment for use in their oil and gas developments offshore Brazil, adding to a slew of other international subsea deals.

Insurance lessons from the deepwater

Tue, 01 Mar 2011 06:00:00 GMT

The unprecedented gush of oil into the Gulf of Mexico waters after the Deepwater Horizon explosion in April 2010 caused worldwide businesses to contemplate the implications of the likely and massive litigation and potential serious economic losses that they might suffer because of the spill.

Twilight or dawn in the Gulf of Mexico?

Tue, 01 Mar 2011 06:00:00 GMT

While the debate continues over safety and risk mitigation issues in the Gulf of Mexico, some participants have grown weary of the uncertainty and are preparing to exit the Gulf for friendlier waters in other parts of the globe.

First deepwater drilling permit since moratorium awarded to Noble Energy

Mon, 28 Feb 2011 23:05:10 GMT

Houston-based Noble Energy Inc. has been awarded the first deepwater drilling permit for the Gulf of Mexico since the moratorium on drilling was lifted in October of 2010.

Houston's ATP will expand into offshore Israel

Thu, 24 Feb 2011 21:35:20 GMT

ATP Oil & Gas Corporation, with operations in the Gulf of Mexico and the North Sea, is expanding its deepwater operating and infrastructure expertise to offshore Israel.

Wood Group Kenny awarded pipeline design contract for Amberjack Jack/St. Malo

Wed, 23 Feb 2011 16:00:10 GMT

Wood Group's J P Kenny has been awarded a contract to perform detailed design for Amberjack Pipeline Co. LLC's Jack/St. Malo deepwater oil export pipeline in the Gulf of Mexico.

Saratoga Resources resumes production from Little Bay Field

Wed, 23 Feb 2011 15:00:00 GMT

Independent exploration and production company Saratoga Resources Inc. has resumed production from the previously shut-in Little Bay Field in Saint Mary Parish, Louisiana.

BP looks to grow production offshore India with Reliance agreement

Tue, 22 Feb 2011 18:15:30 GMT

In its second major deal since the Macondo Gulf of Mexico spill, oil giant BP (NYSE: BP) has agreed to acquire upstream assets offshore India from privately-held Reliance Industries Ltd. for US$7.2 billion.

Chevron grants offshore Thailand contract to Seadrill

Mon, 21 Feb 2011 18:10:20 GMT

Deepwater drilling company Seadrill Ltd. has agreed to a new three-year contract with Chevron Thailand Exploration and Production offshore Thailand for the tender rig T-12 with a two-year option period.

Colfax expands oil, gas market capabilities with Rosscor acquisition

Wed, 16 Feb 2011 18:00:50 GMT

Fluid-handling systems supplier Colfax Corp. (NYSE: CFX), has acquired The Netherlands-based Rosscor Holding BV.

Wood Group to sell Well Support Division for $2.8B

Mon, 14 Feb 2011 20:05:10 GMT

International energy services company Wood Group has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion.

BOEMRE's Bromwich: Offshore drilling permits won't return to pre-Deepwater Horizon levels

Fri, 11 Feb 2011 21:00:00 GMT

Michael Bromwich, director of the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), said Feb. 11 in Houston that the domestic offshore industry in the United States should not expect his agency to begin issuing drilling permits until fundamental questions concerning disasters such as the deadly Deepwater Horizon blowout and fire last April 20 have been answered.

Statoil finds gas near Gullfaks in North Sea

Wed, 09 Feb 2011 19:10:20 GMT

Global oil and gas company Statoil has found gas and condensate around two kilometers west of the Gullfaks South field in the middle sector of the North Sea.

Statoil awards Fugro GEOS two metocean awards

Thu, 03 Feb 2011 16:35:30 GMT

Fugro GEOS has secured two large metocean (meteorological and oceanographic) measurement studies for Statoil in the Norwegian and North Seas.

FMC Technologies wins third subsea award in a week

Tue, 25 Jan 2011 15:30:30 GMT

Oil and gas technology solutions provider FMC Technologies Inc. (NYSE: FTI) has singed its third subsea award in a week.

Oxy to co-develop giant Shah Gas Field with ADNOC

Thu, 20 Jan 2011 17:30:10 GMT

Occidental Petroleum said Jan. 20 it has been selected by the Government of Abu Dhabi to participate in the development of Abu Dhabi’s Shah Gas Field, one of the largest gas fields in the Middle East.

Total awards $80M subsea contract to FMC to support Girassol project

Wed, 19 Jan 2011 17:10:30 GMT

FMC Technologies Inc.signed an agreement with Total Exploration & Production Angola for the manufacture and supply of subsea production equipment to support the Girassol Resource Initiative (GirRI) project.

IPAA responds to Oil Spill Commission's final report

Tue, 11 Jan 2011 17:00:00 GMT

Bruce Vincent, president of Houston-based Swift Energy Company and chairman of the Independent Petroleum Association of America, issued a statement Jan. 11 regarding the National Oil Spill Commission’s final report, which has just been released.

Murphy's Congo well results 'disappointing'

Thu, 06 Jan 2011 23:05:20 GMT

On Jan. 6, Murphy Oil Corporation said that the results of its recent Republic of the Congo drilling campaign in the Mer Profonde Sud permit were “disappointing.”

Apache starts Balboa production, its first operated deepwater development in the Gulf of Mexico

Thu, 06 Jan 2011 20:30:10 GMT

Apache Corp. has started production at its Balboa Field, located on East Breaks Block 597 in the Gulf of Mexico.

New gas and condensate discovery in the West of Shetland

Thu, 06 Jan 2011 16:00:00 GMT

France’s Total said Jan. 6 that its UK affiliate, Total E&P UK, has made a new natural gas and condensate discovery in the West of Shetland on the UK’s continental shelf, not far from the Laggan and Tormore fields, which are currently under development.

New oil contracts not likely to help Mexico's declining oil production

Sat, 01 Jan 2011 06:00:00 GMT

On November 24th Pemex released in model form the first contract with private sector E&P companies implementing Mexico's 2008 legislative oil reforms.

BHP Billiton reportedly to make cash offer of $44.6 billion for Anadarko

Fri, 31 Dec 2010 15:20:10 GMT

BHP Billiton reportedly to make cash offer of $44.6 billion for Anadarko

BOS signs 3D seismic deal in North Sea

Thu, 30 Dec 2010 17:15:20 GMT

Norwegian offshore seismic survey company Bergen Oilfield Services AS has signed a contract with LOTOS Exploration and Production Norge AS, acting as operator on behalf of the License Group in PL 503, of a 1563 square kilometer acquisition program of 3D Seismic Data in the area of PL 503 in the southern part of the North Sea.

'Significant natural gas discovery' in offshore Israel

Wed, 29 Dec 2010 17:20:10 GMT

Houston-based Noble Energy Inc. said Dec. 29 it had made a significant natural gas discovery at the Leviathan exploration prospect offshore Israel.

Cosalt Offshore names Blakstad head of Norwegian division

Wed, 29 Dec 2010 17:10:30 GMT

Cosalt Offshore, a provider of lifting, tooling and marine services to the oil and gas industry, has announced the appointment of Runar Blakstad as the new managing director of its Norway division.

STEP Offshore wins equipment contract with STX Offshore & Shipbuilding

Wed, 29 Dec 2010 17:00:10 GMT

STEP Offshore has won a contract from South Korea’s STX Offshore & Shipbuilding Co. LTD to supply equipment for a new, dynamically positioned ultra-deepwater Globetrotter-class drillship.

Canacol Energy sets 2011 CAPEX budget of $106M

Wed, 29 Dec 2010 16:05:30 GMT

Canacol Energy Ltd. announced a 2011 CAPEX budget of US$106 million for exploration and development activities in Colombia, Guyana, and Brazil.

Dresser-Rand to supply over $250M equipment for five offshore projects

Tue, 28 Dec 2010 16:10:20 GMT

Over the past 30 days, Dresser-Rand Group Inc. has been awarded compression and power generation equipment worth roughly $250 million in advanced turbomachinery for five major offshore projects.

Statoil awards $75M Vigdis North-East project to FMC Technologies

Tue, 28 Dec 2010 15:15:10 GMT

On December 27, FMC Technologies Inc. announced that it signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Vigdis North-East development.

Young Energy Prize to help fund Evans Shoal agreement for Magellan Petroleum

Mon, 27 Dec 2010 18:15:40 GMT

On December 24, Magellan Petroleum Corp. announced it had received and accepted a legally binding commitment from its largest shareholder, Young Energy Prize s.a., to provide the necessary funds required for MPET's Australian subsidiary to close out the acquisition from Santos of a 40% ownership interest in the Evans Shoal natural gas field in the Bonaparte Basin offshore Northern Territory Australia.

Maersk Oil to buy Brazilian assets for $2.4 billion

Sun, 26 Dec 2010 22:05:40 GMT

Denmark’s Maersk Oil has agreed to acquire SK do Brasil Ltda. for US$2.4 billion on a cash and debt-free basis.

Insurers team up to boost Gulf of Mexico coverage

Thu, 23 Dec 2010 15:55:20 GMT

In an effort to increase insurance coverage for oil spill disasters in the Gulf of Mexico, a group of reinsurance companies launched a project that will boost upper liability limits of coverage in the wake of the blowout of BP’s Macondo well and the subsequent explosion and sinking of Transocean’s Deepwater Horizon drilling rig on April 20.

South Korea's Daewoo plans $2.5B LNG FPSO for Papua New Guinea

Tue, 21 Dec 2010 15:00:00 GMT

On Dec. 20, Daewoo Shipbuilding announced plans to build a floating processing, storage and offloading (FPSO) liquefied natural gas (LNG) facility for a $2.5 billion project in Papua New Guinea.

Aker Solutions awarded Goliat tie-in and connector contract

Tue, 21 Dec 2010 14:30:10 GMT

Norway’s Aker Solutions has been awarded the tie-in and connector scope associated with the Goliat flowlines and risers contract by Technip Norway.

Energy XXI closes deal with ExxonMobil for GoM shelf properties

Fri, 17 Dec 2010 19:50:10 GMT

FMC Technologies awarded $95M North Sea contract with Norske Shell

Thu, 16 Dec 2010 21:25:10 GMT

FMC Technologies Inc. has signed an agreement with Norske Shell for the manufacture and supply of subsea production equipment for the Ormen Lange development project in the North Sea.

Chevron sanctions deepwater Gulf of Mexico Big Foot project

Thu, 16 Dec 2010 17:00:00 GMT

Chevron Corp. has sanctioned development of its $4 billion Big Foot project in the deepwater US Gulf of Mexico and plans to shift more investment spend to the upstream sector in 2011.

RigNet prices IPO

Thu, 16 Dec 2010 15:00:20 GMT

Oilfield communications company RigNet Inc. has made an initial public offering of 5,000,000 shares of its common stock at $12.00 per share.

Brigham announces 5 high-rate Bakken completions

Wed, 15 Dec 2010 21:10:10 GMT

Brigham Exploration Co. says it has completed 5 high-rate Bakken shale wells at an average early 24-hour peak flow back rate of 3,085 barrels of oil equivalent.

Second Eagle Ford well outperforms first for Goodrich Petroleum

Mon, 13 Dec 2010 18:20:40 GMT

Houston-based Goodrich Petroleum recently announced results on its second Eagle Ford shale well, established a 2011 preliminary capital expenditure budget, and issued production guidance for 2011.

Energen buys Permian acreage from SandRidge for $110M

Mon, 13 Dec 2010 17:20:50 GMT

Energen Corp.’s oil and gas exploration and production company, Energen Resources Corp., has purchased 40,000 acres in the Permian Basin from SandRidge Energy Inc. for $110 million plus standard closing adjustments.

STW Resources to deploy fleet to reclaim water from Marcellus shale production

Mon, 13 Dec 2010 16:30:50 GMT

STW Resources Holding Corp. has signed an agreement with Aquatech International to purchase and/or lease a fleet of mobile units for the treatment and reclamation of hydraulic fracture flow-back and produced waters from Marcellus shale production.

Marathon calls Deepwater Indonesia well challenging, encouraging

Mon, 13 Dec 2010 16:20:30 GMT

Marathon Oil Corp. drilled the deepwater Bravo-1 well offshore the island of Sulawesi in the Makassar Strait, Indonesia, to a total depth of 9,000 feet.

Lindsay named executive VP, COO of Helmerich & Payne

Thu, 09 Dec 2010 15:25:30 GMT

Contract drilling company Helmerich & Payne Inc. has named John Lindsay was executive vice president and COO.

Major shale find reported in Argentina

Wed, 08 Dec 2010 16:10:20 GMT

Argentina’s YPF claims it has discovered “huge volumes” of unconventional natural gas reserves in that country’s Neuquina Basin, south of Loma La Lata.

Husky Energy signs deal with CNOOC

Wed, 08 Dec 2010 16:00:50 GMT

Calgary-based Husky Energy Inc. says that its wholly owned subsidiary, Husky Oil China Ltd., has signed an agreement with CNOOC specifying the key principles of cooperation for funding and operation of the Liwan 3-1 deep water gas field development.

Baker Hughes launches environmentally preferred fracturing fluid systems

Wed, 08 Dec 2010 16:00:50 GMT

Baker Hughes Inc. has launched its BJ SmartCare™ family of environmentally preferred fracturing fluids and additives.

Poland's ORLEN seeks Ukrainian conventional, shale gas

Tue, 07 Dec 2010 17:40:20 GMT

Poland’s largest oil company, PKN ORLEN, has signed a cooperation agreement with the Ukrainian Ministry of the Environment for the exploration and production of conventional hydrocarbons and shale gas in the Ukraine.

Providence ups interest in Barryroe following asset deals with Lansdowne

Fri, 03 Dec 2010 21:10:30 GMT

Irish oil and gas exploration and production company Providence Resources plc has increased its equity stake in, and assumed operatorship of, the Barryroe oil discovery in the North Celtic Sea, offshore Ireland.

MegaWest Energy CFO resigns

Fri, 03 Dec 2010 16:00:20 GMT

Kelly D. Kerr, vice president finance and CFO of MegaWest Energy Corp., resigned from the company November 26, 2010.

Energy firm involved in Deepwater Horizon well kill to open Houston office

Thu, 02 Dec 2010 21:15:10 GMT

add energy group as, a Norwegian-based provider of well operations and safety services and solutions to the energy industry, will launch a new subsidiary group in Houston that will operate as add energy LLC.

Xodus Group appoints two to Wells, Subsurface Division

Thu, 02 Dec 2010 15:40:40 GMT

Xodus Group had appointed two industry experts to its Wells and Subsurface division.

UPDATE: Salazar announces revised OCS leasing program

Wed, 01 Dec 2010 19:40:20 GMT

Secretary of the Interior Ken Salazar announced an updated oil and gas leasing strategy for the Outer Continental Shelf (OCS) that includes maintaining the congressional moratorium on drilling in the eastern Gulf of Mexico.

Statoil awards Aker Solutions contract for subsea gas compression at Asgard

Wed, 01 Dec 2010 19:00:20 GMT

Expro wins multi-million subsea contracts in India, Indonesia, UK Continental Shelf

Wed, 01 Dec 2010 18:35:40 GMT

In a span of a few weeks, international oilfield services company Expro has won multiple subsea contracts in India, Indonesia, and the UK Continental Shelf.

BPZ brings Corvina oil field into commercial production

Wed, 01 Dec 2010 17:45:40 GMT

BPZ Resources Inc. has placed the Corvina oil field, located in offshore Block Z-1 in northwest Peru, into commercial production.

UPDATE: Another drilling ban to be announced this afternoon

Wed, 01 Dec 2010 16:35:50 GMT

UPDATE: Ban a continuation of one already in place off the coast of Florida

BREAKING NEWS: Drilling ban to be announced this afternoon

Wed, 01 Dec 2010 16:25:20 GMT

Offshore oil drilling in the eastern Gulf of Mexico or off the Atlantic and Pacific coasts may soon be banned by the federal government as part of a long-term drilling plan.

Singapore: Leadership in Pro-Active Thinking

Wed, 01 Dec 2010 06:00:00 GMT

If you go downtown to the business district, the theatre district, you can see it is well kept...handsome buildings, lots of theatres, plays, musicals, arts, along well-kept streets.

Keppel aims to become the provider of choice for offshore and marine

Wed, 01 Dec 2010 06:00:00 GMT

AN INTERVIEW WITH CHOO CHIAU BENG, CEO OF KEPPEL CORP.

Antitrust lawyer dissects recent mergers, shares concerns on costly review process

Wed, 01 Dec 2010 06:00:00 GMT

AN INTERVIEW WITH SEAN BOLAND,VICE CHAIRMAN OF THE HOWREY LAW FIRM

US transactions rise in past month

Wed, 01 Dec 2010 06:00:00 GMT

Two of the larger deals from mid-October to mid-November were the Chevron Corp. acquisition of Atlas Energy for $4.3 billion ($3.2 billion in cash and the assumption of about $1.1 billion in debt) and Newfield Exploration's purchase and sale agreement with EOG Resources in which Newfield acquired about 50,000 net acres in the Marcellus Shale in a transaction valued at roughly $405 million.

TransAtlantic finding 'enormous' upside potential in Turkey, elsewhere

Wed, 01 Dec 2010 06:00:00 GMT

AN INTERVIEW WITH MALONE MITCHELL, CHAIRMAN OF TRANSATLANTIC PETROLEUM LTD

STW Resources, Aqua Verde to provide water reclamation services in DJ Basin

Tue, 30 Nov 2010 16:05:00 GMT

STW Resources Holding Corp. has formed a joint venture, Water Reclamation Partners LLC, with privately held Aqua Verde LLC, to provide independent, cost-effective water solutions for oil and gas producers, municipalities, and environmental remediation projects.

Legislation inhibiting oil, gas industry growth

Tue, 30 Nov 2010 15:05:10 GMT

According to a study by accounting and consulting organization BDO USA LLP, 54% of CFOs at oil and gas exploration and production companies feel that “legislative changes” will be the most important factor inhibiting the growth of the US oil and gas industry in 2011.

Purvin & Gertz Launches Global Crude Oil Market Outlook

Mon, 29 Nov 2010 20:30:50 GMT

Independent energy consulting firm Purvin & Gertz has launched a new study, the 2010 Global Crude Oil Market Outlook.

Gas discovery in Neuquen province of Argentina

Mon, 29 Nov 2010 18:35:30 GMT

Argentina is expected to announce the discovery of significant unconventional gas reserves in the southwestern part of that South American country by early December.

Clariant wins pre-salt deepwater contract from Petrobras

Mon, 29 Nov 2010 18:10:00 GMT

Specialty chemicals provider, Clariant, through its Houston-based oil services business, has won a pre-salt chemical contract, worth CHF 1.5 million a year (roughly US$1.49 million), with Brazil’s Petrobras.

Keppel secures KFELS B class rig contract from Standard Drilling

Mon, 29 Nov 2010 16:25:20 GMT

Keppel FELS has secured an order for a KFELS B Class jackup rig worth US$180 million from Standard Drilling, a subsidiary of Norwegian investment company, Ferncliff TIH AS Group.

TTS signs US$76 drilling equipment contract with DSIC Offshore

Mon, 29 Nov 2010 15:35:00 GMT

TTS Energy, part of TTS Group, has signed a contract with DSIC Offshore in Dalian, China for two Drilling Equipment Packages. The contract, which is subject to financing, has a value of roughly US$76 million.

Hydratight wins service, maintenance contract from Shell in North Sea

Mon, 29 Nov 2010 15:15:40 GMT

Engineering services company Hydratight has won a four-year service and maintenance contract for three of Shell’s major North Sea facilities.

Endeavour to acquire additional interest in North Sea Bacchus development

Tue, 23 Nov 2010 18:50:30 GMT

Endeavour International Corp.’s wholly owned subsidiary Endeavour Energy UK Ltd. has signed a definitive agreement to acquire an additional 20% working interest in the North Sea Bacchus development.

Apache selects OGN Group for North Sea platform construction

Tue, 23 Nov 2010 15:10:30 GMT

Apache Corp. has selected OGN Group, a UK-based oil and gas engineering and fabrication contractor, to build a new satellite oil production platform for the UK Forties field.

Nigerian military frees 19 hostages

Fri, 19 Nov 2010 14:40:50 GMT

Nigerian authorities have freed 19 hostages seized by rebels in the oil-rich Niger Delta region, a military spokesman said Nov. 18. The 12 Nigerians, two Americans, two Frenchmen, one Canadian, and two Indonesians were rescued Nov. 17.

Transocean buys jackup rig for $195M

Tue, 16 Nov 2010 18:30:20 GMT

Offshore drilling contractor Transocean Ltd. has agreed to purchase a shallow water Pacific Class 400 design jackup for $195 million.

Attackers kidnap 8 ExxonMobil crew members in Nigeria

Tue, 16 Nov 2010 15:00:00 GMT

Eight crew members were kidnapped from an ExxonMobil Corp. facility in Nigeria late Sunday, Nov. 14, according to news reports Monday evening. The kidnapped crew were all Nigerian.

HESS awards KCA DEUTAG Euro shale oil drilling contract in France

Mon, 15 Nov 2010 20:40:10 GMT

KCA DEUTAG, the international drilling and engineering contractor, has been awarded a contract by HESS Oil France S.A.S with a total firm contract value in excess of €6.5 million.

Swift increases public offering, announces 2011 CAPEX plans

Mon, 15 Nov 2010 18:00:20 GMT

Houston-based oil and gas producer Swift Energy has increased the size of its previously announced public offering and announced its preliminary 2011 capital expenditure plans.

Weatherford approved for Swiss Exchange listing

Fri, 12 Nov 2010 20:05:30 GMT

The Swiss Exchange (SIX) has approved the listing and trading of shares of Weatherford starting 17 November 2010, under the stock ticker WFT.

Russia, South Korea to jointly develop upstream resources

Thu, 11 Nov 2010 17:50:00 GMT

The leaders of South Korea and Russia have been discussing possible joint projects to develop natural resources in Siberia and other parts of Eastern Asia, Russian President Dmitry Medvedev said this week.

Petrobras, partners sign $3.46B contract for pre-salt production hulls

Thu, 11 Nov 2010 17:10:20 GMT

Petrobras and its partners BG, Galp Energia, and Repsol, and through its Tupi-BV and Guará-BV affiliated companies, has signed two contracts totaling $3.46 billion with Brazil's Engevix Engenharia SA for the construction of eight hulls for the platforms to be used in the first phase of the production development for the pre-salt area in the Santos Basin.

Bourbon confirms 3 hostages released in Nigeria

Wed, 10 Nov 2010 18:20:20 GMT

French company Bourbon, a global provider of oil and gas marine services for the petroleum industry, confirmed on Nov. 10 that three Bourbon employees who were abducted in Nigeria in September while aboard the Bourbon Alexandre have been released by their kidnappers.

ExxonMobil plans seismic survey in Poland shale play

Tue, 09 Nov 2010 17:00:50 GMT

US supermajor ExxonMobil intends to commence seismic surveys on its shale gas concessions in Poland within the next few weeks, a company spokesman said on Nov. 8.

Melrose begins gas production offshore Bulgaria

Fri, 05 Nov 2010 15:00:20 GMT

Melrose Resources says it has achieved first gas production from the Kavarna and Kaliakra gas fields offshore Bulgaria in the Black Sea. Melrose has headquarters in Edinburgh, Scotland.

Murphy Oil acquires new acreage in Kurdistan

Thu, 04 Nov 2010 20:55:30 GMT

Murphy Oil Corp., through its wholly-owned subsidiary Murphy Central Dohuk Oil Co. Ltd., has finalized an agreement with the Kurdistan Regional Government-Iraq (KRG) to acquire an interest in the Central Dohuk block.

Energen adds additional Permian Basin acreage to portfolio

Tue, 02 Nov 2010 16:00:00 GMT

Energen Resources Corp., the oil and gas exploration and production subsidiary of Energen Corp., has agreed to purchase 10,360 net Wolfberry acres in the southeast portion of the Permian Basin for $75 million from a private seller.

ShipConstructor promotes Larkins to CEO

Tue, 02 Nov 2010 14:40:40 GMT

ShipConstructor Software Inc. (SSI) has promoted Darren Larkins to CEO.

Ernst & Young quarterly report reveals an industry in flux

Mon, 01 Nov 2010 19:30:30 GMT

Sharp differences in economic strength or weakness between regions, new development opportunities, a changing environmental landscape and upcoming mid-term elections are creating an uncertain environment for the oil and gas industry, according to a recent report by Ernst & Young LLP.

Australia LNG execellence down under

Mon, 01 Nov 2010 05:00:00 GMT

The best view overlooking the energy world these days is from the land down under.

Venoco has comfort zone in California, plans to develop Monterey Shale play

Mon, 01 Nov 2010 05:00:00 GMT

AN INTERVIEW WITH TIM MARQUEZ, CHAIRMAN AND CEO, VENOCO INC.

Post oil spill: why risk mitigation is now a top-line driver

Mon, 01 Nov 2010 05:00:00 GMT

Post oil spill, drilling contractors and operators are increasing their risk mitigation efforts to meet new offshore industry and governmental regulations and avoid the punishing penalties, public outcry and exorbitant costs associated with health, safety, and environmental (HSE) incidents.

Creating agility through supply chain automation

Mon, 01 Nov 2010 05:00:00 GMT

With the future more uncertain than ever, what can E&P companies do to become more agile?

Keeping 'under-the-radar' operating costs under control

Mon, 01 Nov 2010 05:00:00 GMT

Since the price of oil crashed two years ago, reducing operational expenses has been a top priority at every business in our industry.

Chevron approves Jack/St. Malo project in the Gulf of Mexico

Mon, 01 Nov 2010 05:00:00 GMT

Company hopes initial $7.5B investment can unlock the Lower Tertiary

Post oil spill: why risk mitigation is now a top-line driver

Mon, 01 Nov 2010 05:00:00 GMT

Creating agility through supply chain automation

Mon, 01 Nov 2010 05:00:00 GMT

With the future more uncertain than ever, what can E&P companies do to become more agile?

Maven, Simmons invest £5.5million in subsea specialist flexlife

Fri, 29 Oct 2010 16:05:40 GMT

Maven Capital Partners and Simmons Parallel Energy (SPE) have invested £5.5million in growth equity to subsea specialist flexlife.

Nexen, Endeavour encounter natural gas, oil in North Sea

Thu, 28 Oct 2010 16:50:40 GMT

Endeavour International Corp. and Nexen Inc. have made a natural gas and oil discovery in the West Rochelle area of the North Sea.

Expro names Palmer president of Expro North America

Thu, 28 Oct 2010 15:00:00 GMT

International oilfield services company Expro has appointed Keith Palmer as president and region director for Expro North America.

Berry Petroleum to offer $300M senior notes to fund Permian Basin acquisition

Wed, 27 Oct 2010 14:35:10 GMT

Berry Petroleum Co. plans to publicly offer $300 million aggregate principal amount of senior notes due 2020 to fund the company's recent acquisition in the Wolfberry trend of West Texas.

Energy lawyer Yoshida joins Mayer Brown

Tue, 26 Oct 2010 22:00:00 GMT

Law firm Mayer Brown has added veteran energy lawyer Toshi Yoshida as a partner in the Corporate & Securities and Global Energy practices in Houston.

Venezuela, Iran sign deal to develop giant South Pars gas field

Mon, 25 Oct 2010 16:00:00 GMT

The oil minister of Venezuela has agreed to invest US$780 million to help develop Phase 12 of the huge South Pars gas field in Iran. The deal is expected to be signed in three months, according to Hamad Akbari, the project manager of Phase 12 .

BP to sell certain Gulf of Mexico fields to Marubeni

Mon, 25 Oct 2010 14:25:30 GMT

As BP looks to secure funds to pay for this summer's Deepwater Horizon oil spill in the Gulf of Mexico, the company is selling its recently-acquired interests in four mature producing fields in the US Gulf of Mexico to Japan's Marubeni for $650 million.

Seadrill to sell up to $650M convertible bond

Fri, 22 Oct 2010 20:05:40 GMT

Offshore deepwater drilling company Seadrill Ltd. is expected to close the orderbook on a US$650 million, fully subscribed, convertible bonds offer.

Helix Energy Solutions begins GoM Phoenix field production

Thu, 21 Oct 2010 22:00:00 GMT

Houston-based offshore energy service provider and producer Helix Energy Solutions Group Inc. has started oil and gas production from its Phoenix field in the deepwater Gulf of Mexico (GoM).

Chevron approves Jack/St. Malo project in the Gulf of Mexico

Thu, 21 Oct 2010 16:00:40 GMT

Oil giant Chevron Corp. has given the green-light on the initial $75 million development of the Jack/St. Malo project, its first operated project located in the Lower Tertiary trend in the deepwater US Gulf of Mexico.

PetroChina discovers oil reservoir in far western China

Thu, 21 Oct 2010 13:30:40 GMT

PetroChina says it has found commercial oil flows in the Mobei oilfield in the Xinjiang autonomous region of Northwest China, bordering Kyrgyzstan and Tajikistan.

ATP pumps first oil at deepwater Gulf of Mexico well

Thu, 21 Oct 2010 13:00:40 GMT

ATP Oil & Gas has commenced first oil production at its Mississippi Canyon 941 #3 well in the deepwater Gulf of Mexico.