Oil Production & Production News

Aker Solutions buys Lyngdal Mek. Verksted, completes takeover of Herman Hansen Mek. Verksted

Thu, 17 May 2012 18:41:00 GMT

Aker Solutions is acquiring the mechanical workshop company Lyngdal Mek. Verksted (LMV), thereby increasing its capacity to assemble, test and overhaul drilling equipment ,especially for the North Sea market.

Forum Energy's blowout preventer actuation tool passes test

Wed, 16 May 2012 20:11:00 GMT

Forum Energy Technologies, Inc. has successfully tested its subsea Blowout Preventer Actuation Tool (BOP-AT) on a live well off the coast of West Africa at a water depth of over 1000 meters. The tool successfully closed the blowout preventer using power provided by a remotely operated vehicle,

Apache's North Sea well flows better than expected

Wed, 16 May 2012 18:33:00 GMT

Apache Corp. today announced that an extension well had initial production rates higher than any oil well drilled at the Beryl Field in the UK North Sea since 2001.

H20's Crapzapper division to provide aftermarket parts

Tue, 15 May 2012 21:06:00 GMT

H2O Inc.’s Crapzapper™ division has expanded its offerings to provide aftermarket parts for electrolytic type sewage treatment systems.

Avista Capital to acquire Top-Co

Mon, 14 May 2012 18:13:00 GMT

Private equity firm Avista Capital Partners announced today it has signed a definitive agreement to acquire Top-Co Inc., a privately-held, designer and manufacturer of specialized casing cementing products used in the drilling and completion of oil, natural gas and geothermal wells. Terms of the transaction, which is expected to close in the second quarter of 2012, were not disclosed.

CNOOC signs contract with Roc Oil for exploration off Bohai

Fri, 11 May 2012 22:00:00 GMT

Hong Kong-based CNOOC Limited today announced that its parent company, China National Offshore Oil Corp., has signed a production sharing contract (PSC) with Roc Oil (Bohai) Company for Block 09/05 in Bohai.

Environmental Drilling Solutions receives investment backing

Wed, 09 May 2012 21:01:00 GMT

Environmental Drilling Solutions, LLC, a provider of solids control, cuttings processing and zero discharge services, has received a growth equity investment from Element Partners and CSL Capital Management.

Malaysian companies generate $7.2B in sales at OTC

Wed, 09 May 2012 18:47:00 GMT

The Malaysia External Trade Development Corp. and the Malaysia Petroleum Resources Corp. made their presence known last week in Houston at OTC 2012. From Booth 11909, dubbed the “Malaysia Pavilion,” representatives of Malaysian oil and gas companies, related agencies and associations reported $7.2 billion in total generated sales during the conference.

Credo Petroleum discovers 6 oilfields in Kansas, Nebraska

Wed, 09 May 2012 16:13:00 GMT

Credo Petroleum Corp., an independent oil and gas exploration and production company with assets in North Dakota, Kansas, Nebraska, Texas and Oklahoma, has updated its Kansas and Nebraska drilling project with the discovery of six new oilfields.

Total awarded exploration license for Uruguay offshore

Mon, 07 May 2012 21:20:00 GMT

Total announced May 3, 2012, it has been awarded an exploration license for Uruguay's offshore Block 14, following the second bidding round held by the national company, ANCAP. The license remains subject to further approval by Uruguayan authorities.

Greene's Energy acquires Associated Rental Tools

Mon, 07 May 2012 17:35:00 GMT

On May 7, Greene’s Energy Group (GEG), a provider of integrated testing, rentals, and specialty services, said it had acquired the shares of Singapore-based Associated Rental Tools Company Pte, Ltd. (Artco).

CARBO to construct ceramics plant in Georgia

Fri, 04 May 2012 16:46:00 GMT

Houston-based CARBO Ceramics Inc. will begin construction on a manufacturing plant in Millen, Ga., by the end of the year. Operations could begin at the end of 2013.

OTC poll: Oil, gas operators should be liable for E&P risks

Wed, 02 May 2012 17:59:00 GMT

A poll of delegates attending the Offshore Technology Conference (OTC) in Houston has revealed that oil and gas professionals think operators should be liable for the risks associated with their exploration and production activity. Of those polled, 66% thought that operators should accept complete liability, while 33% thought that E&P risk should be passed on to contractors.

PEMEX outlines procurement needs at OTC

Wed, 02 May 2012 17:25:00 GMT

The loss since 2004 of 1.5 million barrels/day from its super-giant Cantarell field has prompted PEMEX E&P, the upstream unit of Petroleos Mexicanos, Mexico's state-owned oil company, to look again at its portfolio of undrilled prospects in the shallow waters of Campeche. At a PEMEX procurement panel on April 30 at Houston's Offshore Technology Conference (OTC), New Ventures Manager Sergio Guaso outlined PEMEX's plans for public tenders of offshore blocks, including, by year-end, ones in deepwater areas.

ATP begins drilling at Shimshon off the coast of Israel

Tue, 01 May 2012 22:51:00 GMT

Houston-based ATP Oil & Gas Corporation (NASDAQ: ATPG) and its wholly-owned subsidiary ATP East Med BV said April 30 that they have initiated drilling at the Shimshon well in the Levant Basin of offshore Israel in the eastern Mediterranean Sea with the Ensco 5006 drilling unit.

Legacy Reserves acquires Rockies oil

Tue, 01 May 2012 21:03:00 GMT

Legacy Reserves LP announced today it has entered into an agreement to purchase oil properties in North Dakota and Montana for $70.8 million in cash. These properties have current net production of approximately 776 barrels of oil equivalent (Boe) per day.

Lloyd's Register acquires Houston-based WEST Engineering Services

Tue, 01 May 2012 20:48:00 GMT

Effective today, WEST Engineering Services, predominantly experts in subsea systems, will join the Lloyd's Register Group, a global organisation that provides independent assurance and advice to companies operating high-risk, capital-intensive assets in the energy and transportation sectors.

Wood Group Mustang awarded topsides engineering contract

Tue, 01 May 2012 16:52:00 GMT

Wood Group Mustang has been awarded the topsides detailed engineering and procurement support for the semi-submersible central processing facility (CPF) in the Ichthys field development. The contract was awarded by Samsung Heavy Industries Co. Ltd., the EPC contractor for the CPF. The project, located off the northwest coast of Australia in 250 meters of water, will be operated by INPEX.

Acteon appoints Lester Clark as VP

Mon, 30 Apr 2012 16:40:00 GMT

Acteon has appointed Lester Clark as vice president.

JJ Tech opens West Texas field support center

Thu, 26 Apr 2012 19:21:00 GMT

J&J Technical Services, LLC has opened a 4,000-square-foot field support center in Odessa, Texas. The facility, at 6305 Andrews Highway, includes a 3,200-square-foot shop/maintenance area with additional office space. It is open 24 hours a day seven days a week.

Element Partners invests in Environmental Drilling Solutions

Thu, 26 Apr 2012 17:58:00 GMT

Element Partners, an energy and industrial technology-focused private equity fund, and CSL Capital Management, an energy-services private equity firm, announced April 23 that, along with North Sky Capital and key members of management, they have acquired Environmental Drilling Solutions.

Schlumberger acquires GEDCO

Wed, 25 Apr 2012 16:38:00 GMT

Schlumberger announced today that it has acquired GEDCO, a Calgary-based provider of integrated geophysical survey design software and services. The group will become part of the WesternGeco business unit.

Swift announces 10 highest paying contract jobs in oil & gas

Wed, 25 Apr 2012 16:06:00 GMT

A project services director or project manager who is an Australian national working in western Australia is in luck, according to benchmark research done by Swift Worldwide Resources. After examining salary and compensation packages for more than 270 contract positions across 18 regions in the oil & gas industry throughout the world, the manpower supplier has determined that these Aussie’s are the most well-paid, earning up to $2,681 and $2,303 per day, respectively.

InterMoor wins mooring contract for wave energy system

Tue, 24 Apr 2012 20:08:00 GMT

Columbia Power has awarded InterMoor, an Acteon company, the contract to design a cost-effective and survivable mooring system for its StingRay offshore wave energy converter prototype.

Zilift appoints industry expert as chairman

Mon, 23 Apr 2012 21:28:00 GMT

Stuart Ferguson has been appointed chairman of the board of directors of Zilift, a fully independent company that develops artificial lift technologies and systems for the oil and gas industry.

InterMoor beats mooring depth record for Brazil

Thu, 19 Apr 2012 19:09:00 GMT

As part of a one-year project to provide mooring and positioning support operations for Shell do Brasil, InterMoor do Brasil Ltda (InterMoor), an Acteon company, has recently beaten the depth record for conventional mooring offshore Brazil with a water depth of 6,650 ft (2,027 m).

Kvaerner awarded major onshore contract for Shell

Thu, 19 Apr 2012 17:42:00 GMT

Kvaerner has received a letter of award from A/S Norske Shell for Engineering, Procurement, Construction and Management for modifications and projects at the Ormen Lange/Nyhamna onshore facilities on the west coast of Norway.

Capstone to supply Eagle Ford producers with 30 more microturbines

Tue, 17 Apr 2012 18:40:00 GMT

Capstone Turbine Corp. has received orders for 30 additional C65 microturbines from producers in the Eagle Ford shale play.

AVEVA releases 3D laser scanning software

Tue, 17 Apr 2012 15:24:00 GMT

AVEVA on April 16 announced the commercial release of the AVEVA Laser Modeller, a 3D laser scanning software package that can reduce brownfield facility intelligent 3D modelling time by up to 50%.

OPT plans to bring PEOffice® to US market

Mon, 16 Apr 2012 21:35:00 GMT

Optimization Petroleum Technologies, Inc. has decided to enter the US market with its PEOffice®, an integrated suite of software that provides integrated reservoir and production analytics for independent producers after reviewing the results of a market survey.

OFS Energy Fund recapitalizes Vision Oil Tools

Fri, 13 Apr 2012 23:27:00 GMT

On April 5, OFS Energy fund completed a majority recapitalization of Vision Oil Tools LLC, a Wyoming and North Dakota-based oilfield rental tool and fishing services provider.

OFS Energy Fund invests in Buckhorn Energy Services

Fri, 13 Apr 2012 20:44:00 GMT

Houston-based OFS Energy Fund II has completed a growth equity investment in Buckhorn Energy Services LLC, a recently formed provider of oilfield waste disposal in North Dakota.

Archer acquires X-it casing exit systems

Fri, 13 Apr 2012 16:52:00 GMT

Archer Ltd. has purchased X-it Energy Services, an Aberdeen-based company that develops and manufactures proprietary single-trip milling systems used for casing exits, including controlled directional, multi-lateral and sidetrack drilling.

Trelleborg further expands presence in India

Fri, 13 Apr 2012 16:14:00 GMT

Global industrial group Trelleborg has increased its physical presence and customer support in India with new facilities, and more are planned for 2012.

STW Resources completes water reclamation pilot in Permian Basin

Fri, 13 Apr 2012 15:28:00 GMT

Midland, Texas-based STW Resources Holding Corp., a water reclamation services company that has been operating a water processing pilot program in the Permian Basin for several producers, recently announced that certified lab testing results from independent Xenco Laboratories show that its reclaimed oilfield-produced water meets industry standards for reuse in oil and gas drilling operations.

MRC Global prices initial public offering

Fri, 13 Apr 2012 15:13:00 GMT

MRC Global Inc. announced April 11 that it has priced its initial public offering of 22,727,273 shares of common stock at $21.00 per share.

CNOOC, Eni join hands again in South China Sea

Thu, 12 Apr 2012 16:47:00 GMT

China National Offshore Oil Corp. Ltd.’s parent company, China National Offshore Oil Corp., has signed a production sharing contract with Eni China BV for the deepwater Block 30/27 in South China Sea.

NexTraq debuts satellite tracking device

Wed, 11 Apr 2012 19:42:00 GMT

Atlanta-based NexTraq recently announced a new global satellite GPS asset tracking device.

GlassPoint appoints Dreessen as CFO

Wed, 11 Apr 2012 15:17:00 GMT

GlassPoint Solar has appointed David Dreessen as chief financial officer. Dreessen will oversee the financial and administrative functions of GlassPoint, a provider of solar steam generators for solar enhanced oil recovery.

Wilton Engineering secures North Sea project with Subsea 7

Tue, 10 Apr 2012 20:58:00 GMT

Wilton Engineering Services Ltd. has secured a multi-million pound contract with Subsea 7 to fabricate support clamps for work on DONG Energy’s SIRI Caisson Support Project in the Danish sector of the North Sea.

Housing shortage: 'Man camp' adds 100 beds in Eagle Ford

Tue, 10 Apr 2012 19:06:00 GMT

Oil services providers and field personnel working the Eagle Ford shale have a new place to lay their heads at night — and more — in Kenedy, Texas.

Redline brings wireless connectivity to Oman

Mon, 09 Apr 2012 15:46:00 GMT

Toronto-based Redline Communications Group Inc., a provider of broadband wireless solutions for machine-to-machine (M2M) communications, announced today the completion of the first phase and launch of a larger second phase of a major wireless project for Shell Oil joint venture Petroleum Development Oman LLC (PDO).

Sterling Partners completes majority investment in Desert NDT

Thu, 05 Apr 2012 20:00:00 GMT

Desert Industrial X-Ray, LP, an independent, privately held non-destructive testing (NDT) company, has received a majority investment from Sterling Partners, a Chicago-based private equity firm with approximately $5 billion in assets under management.

Schlumberger opens new geoengineering lab in Houston

Thu, 05 Apr 2012 17:01:00 GMT

On April 5, Schlumberger officially inaugurated its new Houston Geoengineering Laboratory.

LINN Energy, Anadarko sign JV for enhanced oil recovery in Powder River Basin

Wed, 04 Apr 2012 20:39:00 GMT

LINN Energy LLC and Anadarko Petroleum Corp. have entered a joint-venture agreement April 3 whereby LINN will participate as a partner in the CO2 enhanced oil recovery development of the Salt Creek field, located in the Powder River Basin of Wyoming.

Aker Solutions secures contract with BP

Fri, 30 Mar 2012 19:56:00 GMT

BP has extended the maintenance and modification contract with Aker Solutions, exercising an option in the existing agreement for the Ula, Valhall, Skarv, Hod and Tambar fields.

Aker Solutions wins first surface wellhead contract in Bahrain

Fri, 30 Mar 2012 14:30:00 GMT

Enerserv ELL has awarded Aker Solutions a contract to deliver 600 sets of surface wellheads and trees to the Awali Oilfield in Bahrain.

Global use of FPSOs is growing

Thu, 29 Mar 2012 16:26:00 GMT

Hard-to-reach oil fields in Brazil will be conquered through the use of Floating Production Storage and Offloading vessels (FPSOs), according to a new report by business intelligence company GlobalData.

FMC Technologies inks $1.5B agreement with Petrobras for Brazil pre-salt equipment

Thu, 29 Mar 2012 15:40:00 GMT

FMC Technologies Inc. has signed a four-year agreement with Petrobras, Brazil's national oil company, for the supply of pre-salt subsea equipment.

Aker Solutions awarded subsea connection systems contract

Tue, 27 Mar 2012 19:22:00 GMT

Aker Solutions has been awarded a contract by A/S Norske Shell, to deliver subsea connection systems for the Draugen field on the Norwegian continental shelf.

Perenco pays BP $400M for southern gas assets in UK North Sea

Tue, 27 Mar 2012 17:53:00 GMT

BP has agreed to sell its interests in its southern gas assets (SGA) in the UK North Sea to Perenco UK Ltd for $400 million in cash.

Weatherford names new CFO

Mon, 26 Mar 2012 15:10:00 GMT

Multi-national oilfield service company Weatherford International Ltd. has appointed John H. Briscoe senior vice president and CFO.

Statoil makes oil discovery with partners in North Sea

Fri, 23 Mar 2012 17:24:00 GMT

Statoil and its partners announced a small oil discovery in the Oseberg Area Unit in the PL053 production license in the North Sea.

Aker wins Middle East contract

Tue, 13 Mar 2012 15:42:00 GMT

Reservoir Group adds to well intervention business with WellTools

Tue, 28 Feb 2012 17:56:00 GMT

International oilfield services company, Reservoir Group has added WellTools Ltd. to its portfolio of member companies.

TransAtlantic Petroleum to sell oilfield services business for $164M

Tue, 28 Feb 2012 16:44:00 GMT

TransAtlantic Petroleum Ltd. has entered into a non-binding letter of intent to sell its oilfield services business to a consortium consisting of Dalea Partners LP and funds advised by Abraaj Investment Management Ltd. for an aggregate purchase price of $164 million.

BP to sell Hugoton Basin conventional gas properties to LINN Energy for $1.2B

Tue, 28 Feb 2012 02:00:00 GMT

LINN Energy LLC signed a definitive purchase agreement to acquire Hugoton Basin properties located in Kansas from BP America Production Company for $1.2 billion.

SEACOR Marine buys GOM-based liftboat fleet from Superior Energy for $134M

Thu, 23 Feb 2012 17:11:00 GMT

SEACOR Marine LLC, a subsidiary of SEACOR Holdings Inc., has reached an agreement with Superior Energy Services LLC to purchase 18 liftboats for $134 million plus working capital.

URS to acquire Flint Energy Services for C$1.25B

Mon, 20 Feb 2012 20:23:00 GMT

URS Corp. and Flint Energy Services Ltd. have entered a definitive agreement under which URS will acquire Flint for C$1.25 billion.

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.