The Tupi BV consortium of BG, Galphabe and Petrobras Netherlands...
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Confidence crisis for UK oil and gas
Increased running costs, reduced efficiency and cheap oil have contributed to a dramatic drop in optimism in the UK’s oil and gas industry, a survey reveals. Oil & Gas UK’s...
Call for 30% tax cut to save North Sea oil
Oil & Gas UK has called for drastic tax cuts to save Britain’s North Sea oil sector as the price of Brent crude continues to tumble.
Oyster Petroleum to acquire 30% interest in UK North Sea P.2132 licence
Exploration and production firm Oyster Petroleum has agreed to acquire a 30% interest in the P.2132 licence, UK North Sea.Maersk Oil North Sea UK currently operates the licence with...
Tubular Bells field now operational
Energy firms Hess and Chevron USA have commenced production at the Tubular Bells field, in the Mississippi Canyon area of the US Gulf of Mexico. Hess operates the Tubular field with...
Technip wins contract for Abu Dhabi Nasr Phase II project
French engineering firm Technip has secured a contract from Abu Dhabi Marine Operating Company (ADMA-OPCO) to support the Nasr Phase II full field development project.
Eni partners Sonangol for Angola projects
Eni and Sonangol have signed an agreement to jointly develop oil and gas projects offshore Angola.The firms will establish a team to study the potential of the non-associated gas...
Cairn and partners complete SNE-1 well drilling programme
Cairn Energy and its joint venture partners have completed operations on the SNE-1 well, offshore Senegal.The well, which is about 100km offshore in the Sangomar Offshore block,...
SeaBird secures $176-million LOA from TGS for 2D surveys in Mexico and US
SeaBird Exploration has secured a letter of award, worth about $176 million, from TGS-NOPEC Geophysical (TGS) to undertake 2D seismic surveys in Mexico and the US Atlantic.
Saudi Aramco's oil resources to grow to 900 billion barrels by 2025
Saudi Aramco expects to have 900 billion barrels of oil resources by 2025, up from the current 790 billion barrels, a company executive has said.
Petrofac wins ultra-deepwater contract in Nova Scotia
Petrofac has been awarded a contract to work with the government of Nova Scotia to help identify the best way forward to exploit its ultra-deepwater oil potential.
BP’s Trinidad and Tobago platform greenlit
BP Trinidad and Tobago (bpTT) has been given the go-ahead to build a mostly unmanned platform and accompanying subsea infrastructure 50 miles south-east of the republic’s...
Optimism in UK’s offshore oil and gas industry falling
Optimism in the UK’s offshore oil and gas is declining, statistics show. The Oil & Gas UK Business Sentiment Index for the second quarter of 2014 revealed that a recent drop of...
TGS to survey Great Australian Bight in 3D
TGS-NOPEC Geophysical Company (TGS) will embark upon its largest ever 3D survey in the Asia-Pacific area in 2014/2015. Nerites Season 2 will encompass 13,000 km2 in the Great...
Oil and Gas workforce to be mapped out in new study
A major new study will provide comprehensive data on the UK upstream oil and gas labour market for the first time.The study, to be carried out by advisory experts EY, was commissioned...
Statoil divests 10% interest in Angola blocks
Statoil ASA has divested 10% interest to Colombia’s state-owned Ecopetrol SA in Blocks 38 and 39 in the Kwanza basin offshore Angola.
Extract Offshore Technology Focus's insights from new app
Staying up to speed with the latest offshore industry news is critical for your business. When it comes to pinpointing game-changing opportunities, Offshore Technology Focus is the...
TOTAL sells stake in Shah Deniz field
TOTAL has sold its 10% stake in the Shah Deniz field and South Caucasus pipeline to the state-owned Turkish Petroleum (TPAO) for $1.5 billion.
BP reports $3.2 billion profits for Q1 2014
Multinational BP has reported a 23% drop in profits to $3.22 billion (£1.92 billion) for the first quarter of 2014.
Myanmar awards 20 offshore exploration tenders
Myanmar has awarded tenders to explore for oil and gas in its 20 offshore blocks to international energy companies including Royal Dutch Shell, ConocoPhillips and Total SA.