BP Sanctions “Fast-Track” Development of Atoll Discovery in EgyptJun 20, 2016BP has announced that together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned development of the Atoll Phase One project...
BP and Rosneft Create Joint Venture To Develop Prospective Resources in East and West SiberiaJun 20, 2016Rosneft and BP have signed final binding agreements to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the...
Oil and Gas Discovery at the Brasse Exploration Well and Njord Facility UpdateJun 16, 2016Faroe Petroleum... has announced an oil and gas discovery in the Faroe-operated Brasse exploration well in licence PL740 in the Norwegian North Sea...
Det norske and BP Norge Join ForcesJun 10, 2016Det norske oljeselskap ASA (Det norske) has entered into an agreement with BP p.l.c. (BP) to merge with BP Norge AS (BP Norge) through a share purchase transaction, to create an independent offshore E&P company.
Wood Group Mustang and Grupo Diavaz Form Engineering Joint VentureJun 9, 2016Wood Group Mustang and Grupo Diavaz, a Mexican oil and gas operator and services company, have created a joint venture engineering business to capitalise on Mexico’s energy reform.
Russia, Cambodia Sign Two MOUs to Co-Operate on Nuclear EnergyMay 24, 2016Rosatom State Atomic Energy Corporation and the National Council for Sustainable Development of the Kingdom of Cambodia announced that they have signed two key MOUs.
New Petrobras CEO Pedro Parente Capable of Facing “Perfect Storm” Say AnalystsMay 20, 2016Thursday May 19, Brazil’s interim President Michel Temer appointed Pedro Parente as CEO and president of Petrobras, Brazil’s state controlled oil giant.
By Peter Howard Wertheim
S&P Global Platts: OPEC Pumped 32.52 Million Barrels of Crude Oil Per Day in AprilMay 12, 2016Oil production from the Organization of the Petroleum Exporting Countries (OPEC) soared by 140,000 barrels per day (b/d) to 32.52 million b/d in April...
Cluff Natural Resources Plc Acquisition of North Sea LicencesMay 10, 2016Cluff Natural Resources, the natural resources investing company with gas assets in the Southern North Sea, has announced that it has signed a sale and purchase agreement (SPA)...
Wood Mackenzie: Global Oil Supply Shortfall if Exploration Results Don’t ImproveApr 27, 2016A new study by Wood Mackenzie warns the global oil market could face a supply shortfall of 4.5 million b/d by 2035, if exploration success doesn't improve.
Essel Group Middle East to Invest in SimbaApr 20, 2016Essel Group Middle East DMCC and Simba Energy Inc. has announced that they have arranged, subject to receipt of regulatory approval, a private placement financing...
Packers Plus and Schlumberger Enter Into Global AllianceApr 15, 2016Packers Plus and Schlumberger have entered into a global alliance, enabling the two oilfield service companies to become channel partners in key markets around the world.
Marathon Oil to Divest Non-Core AssetsApr 12, 2016Marathon Oil Corporation has announced that it has signed agreements for the sale of certain non-core assets for USD 950 million, bringing the total to approximately...
Platts Survey: OPEC Pumped 32.38 Million Barrels of Crude Oil Per Day in MarchApr 12, 2016Oil production from the Organization of the Petroleum Exporting Countries (OPEC) rose by 40,000 barrels per day (b/d) to 32.38 million b/d in March...
Halliburton and Baker Hughes to Contest US Justice Department EffortApr 7, 2016Halliburton Company and Baker Hughes Incorporated have announced that the companies intend to vigorously contest the US Department of Justice’s (DOJ) effort to block their pending merger.
Eni Enters into the Upstream of MoroccoMar 30, 2016Eni has signed a Farm-Out Agreement (FOA) with Chariot Oil & Gas to enter into Rabat Deep Offshore exploration permits I-VI, located in the Northern Atlantic Margin of Morocco.
Responding to the “Adapt and Survive” UKCS ChallengeMar 29, 2016TNW Group Companies (TNW) is a new business group launching into the North Sea oil and gas market.
Cargotec Appoints New Chief Financial OfficerMar 22, 2016Mikko Puolakka, M.Sc. (Econ.), has been appointed Cargotec’s Chief Financial Officer (CFO) as of 1 May 2016. He will be a member of the Executive Board and report to CEO Mika Vehviläinen.
Total and CNPC Sign Strategic Cooperation AgreementMar 22, 2016While attending the China Development Forum in Beijing at the invitation of the Chinese government, Patrick Pouyanné, Chairman and CEO of Total, signed a strategic cooperation agreement with Wang Yilin, Chairman of...
Platts Survey: OPEC Pumped 32.34 Million Barrels of Crude Oil Per Day in FebruaryMar 16, 2016Oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell by 90,000 barrels per day (b/d) to...
New Land Rig Critical Equipment Survey LaunchedMar 8, 2016A new equipment survey from Lloyd’s Register Energy provides a cost effective solution for assessing the integrity of land rigs...
High-Specification Jackup Delivery DelayMar 8, 2016Transocean Ltd. – international provider of offshore contract drilling services for oil and gas wells – has announced that a mutual agreement with Keppel Offshore & Marine Ltd's shipyard...
Hansa Hydrocarbons Enters DenmarkMar 7, 2016Hansa Hydrocarbons Limited has announced it has been provisionally awarded two new licences under the Danish 7th Licensing Round...
Statoil Terminates Rig ContractMar 7, 2016Statoil reports that, on behalf of the Troll licence, it has decided to use its contractual right to terminate the contract with COSL Offshore Management AS for the chartering of the mobile rig
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