Latest Oil and Gas News
Tethys Petroleum announces new oil field acquired
Published: Wednesday, 16 May 2012 in Oil Industry News.
Tethys Petroleum today announced Chegara Production Limited (“CPL”), its 100% owned subsidiary, has signed a Production Enhancement Contract (“PEC”) for a new oil field, the Chegara Group of Fie... (...more...)
Gas leak at Elgin platform in North Sea 'has been stopped'
Published: Wednesday, 16 May 2012 in Oil Industry News.
The gas leak from the Elgin platform in the North Sea has been stopped, according to oil firm Total. The company's platform was evacuated when the gas began leaking on Sunday 25 March. ... (...more...)
BG Group announces fifth consecutive Tanzania gas discovery
Published: Wednesday, 16 May 2012 in Oil Industry News.
BG Group today announced its fifth consecutive Tanzania gas discovery with the Mzia-1 exploration well located in Block 1, offshore southern Tanzania.Mzia-1 is BG Group's first discovery withi... (...more...)
Tullow Oil announces interim management statement
Published: Wednesday, 16 May 2012 in Oil Industry News.
Tullow Oil plc (Tullow) issues the following Interim Management Statement, for the period 1 January to 16 May 2012, in accordance with reporting requirements of the EU Transparency Directive. This... (...more...)
North Sea Super Puma had earlier malfunction
Published: Tuesday, 15 May 2012 in Oil Industry News.
A helicopter that ditched in the North Sea last week with 14 personnel on board had been involved in another incident just three weeks earlier. Operator Bond said the EC225 model suffere... (...more...)
Elgin gas leak: Weather delays gas leak operation at Total platform in North Se
Published: Tuesday, 15 May 2012 in Oil Industry News.
The operation to stop gas leaking from the Elgin platform in the North Sea is being delayed by weather. Total's platform was evacuated when the gas began leaking on 25 March. Tot... (...more...)
Aztec announces successful drilling & development in Tyler county, TX
Published: Tuesday, 15 May 2012 in Oil Industry News.
Aztec Oil & Gas, Inc announced today the successful drilling & completion of the McBride #1 and McBride #1B wells, both located in Tyler County, Texas.The Hrivantz McBride #1 well was co... (...more...)
Statoil secures rig for drilling offshore Newfoundland
Published: Tuesday, 15 May 2012 in Oil Industry News.
Statoil has reached an agreement to use Seadrill's West Aquarius deepwater drilling rig for Statoil's 2012-2013 exploration activities offshore Newfoundland, Canada."We have ambitious expl... (...more...)
Foster Wheeler worleyparsons joint venture congratulates woodside on first LNG cargo from pluto in Australia
Published: Monday, 14 May 2012 in Oil Industry News.
Foster Wheeler AG (Nasdaq: FWLT), under the auspices of the Foster Wheeler WorleyParsons (FWW) joint venture, congratulates Woodside on achieving LNG production and first cargo at its Pluto LNG Pr... (...more...)
Neon drills two new wells at paloma discovery
Published: Monday, 14 May 2012 in Oil Industry News.
Neon Energy Limited (ASX: NEN) is pleased to confirm that the Paloma Deep-2 appraisal well spudded on 10 May, using the Kenai-7 rig.The objective of the well is to appraise hydrocarbon pay zones... (...more...)
Cairn announces completion of acquisition
Published: Monday, 14 May 2012 in Oil Industry News.
Cairn is pleased to announce that, further to the announcement made on 3 April 2012, it has received all required approvals and today completed the acquisition of Agora Oil & Gas AS (“Agora”).... (...more...)
Shell and Chevron win Ukraine public bid for Shale gas
Published: Monday, 14 May 2012 in Oil Industry News.
Two of the world's largest oil companies, Royal Dutch Shell plc and Chevron Corp, obtained the right to develop Ukrainian shale gas fields Yuzivske and Oleske, respectively, informed Prime Minis... (...more...)
McDermott awarded Siakap North – Petai EPCI subsea contract in Malaysia
Published: Friday, 11 May 2012 in Oil Industry News.
McDermott International, Inc. (NYSE: MDR) ("McDermott") announced today that its Malaysian affiliate Berlian McDermott Sdn. Bhd. was recently awarded a significant subsea contract for executing a ... (...more...)
Lundin Petroleum first oil from Johan Sverdrup discovery expected in 2018
Published: Friday, 11 May 2012 in Oil Industry News.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce the forecast development milestones for the Johan Sverdrup discovery, offshore Norway, agreed between the various licencees in PL501 a... (...more...)
Flights suspended after North Sea helicopter ditches
Published: Friday, 11 May 2012 in Oil Industry News.
Bond Aviation Group has said it is suspending EC225 Super Puma helicopter flights until further notice. It followed the ditching of one of the aircraft in the North Sea. The company said it... (...more...)
Proserv acquires the subsea controls business of weatherford international
Published: Friday, 11 May 2012 in Oil Industry News.
Proserv Group Inc., a leading global energy production technology services company headquartered in Aberdeen, Scotland, has acquired the subsea controls business of Weatherford International. ... (...more...)
Bond Super Puma helicopter ditches in North Sea off Aberdeen
Published: Thursday, 10 May 2012 in Oil Industry News.
Passengers and crew from a helicopter which ditched in the North Sea have been taken to hospital. The incident - about 30 miles east of Aberdeen - involved a Bond EC 225 Super Puma... (...more...)
Cairn completed the acquisition of Agora Oil & Gas AS
Published: Wednesday, 9 May 2012 in Oil Industry News.
Cairn is pleased to announce that, further to the announcement made on 3 April 2012, it has received all required approvals and today completed the acquisition of Agora Oil & Gas AS (“Agora”).... (...more...)
GE Energy to open new oil & gas training facility and create 100 new technical jobs in Houston
Published: Wednesday, 9 May 2012 in Oil Industry News.
GE Energy (NYSE: GE) announced today that it is investing $10 million in the development of a new Oil & Gas Training Facility to support and advance training and development for its customers ... (...more...)
Lundin Petroleum spuds exploration well on the albert prospect in northern North Sea
Published: Wednesday, 9 May 2012 in Oil Industry News.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that drilling of exploration well 6201/11-3 in PL519 has commenced. The well will target the Albert prospect, which is situated 65 km ... (...more...)
Faroe Petroleum announces drilling has commenced on the Cooper prospect in the Norwegian Sea
Published: Wednesday, 9 May 2012 in Oil Industry News.
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to ann... (...more...)
Chevron commences operations on next-generation drillship in deepwater Gulf of Mexico
Published: Tuesday, 8 May 2012 in Oil Industry News.
Chevron Corporation (NYSE: CVX) announced that the Pacific Santa Ana, a deepwater drillship built to Chevron’s specifications, has arrived in the Gulf of Mexico to work for Chevron under a five-ye... (...more...)
Reef Subsea awarded contract by Talisman in the UK North Sea for its 2 new subsea construction support vessels - Reef Larissa and Reef Despina
Published: Tuesday, 8 May 2012 in Oil Industry News.
Reef Subsea AS announced today that they have been awarded a contract with Talisman Energy (UK) Ltd for the provision of two maintenance support vessels. Reef Subsea’s newly delivered vessels, Ree... (...more...)
P1 Energy Corp. announces significant crude oil discovery
Published: Monday, 7 May 2012 in Oil Industry News.
P1 Energy Corp a company focused on oil exploration and production exclusively in Colombia, is pleased to announce that it has made an oil discovery on the operated Llanos 32 Block ("LLA-32"). P1 ... (...more...)
Abakan enters the massive Canadian oil sands market
Published: Monday, 7 May 2012 in Oil Industry News.
Due to the prevalent favorable conditions to set up operations in Alberta, Canada, Abakan Inc.’s (OTCQB: ABKI) Board of Directors has decided to locate a collaborative research and development cen... (...more...)
Petrobras announces oil and gas production in March 2012
Published: Monday, 7 May 2012 in Oil Industry News.
Petróleo Brasileiro S.A. – Petrobras announces that its average oil and natural gas output in March, in Brazil and overseas, was 2,599,969 barrels of oil equivalent per day (boed). On average, dom... (...more...)
Seadrill receives letter of award for new build tender assist rig T-18 in Thailand
Published: Monday, 7 May 2012 in Oil Industry News.
Seadrill has received a Letter of Award for a five-year contract for the tender assist rig T18 by Chevron Thailand Exploration and Production Ltd. Commencement of operations is scheduled for the f... (...more...)
Senergy bolsters growing global footprint with new Dubai and Aberdeen offices
Published: Monday, 7 May 2012 in Oil Industry News.
Rapidly-evolving energy services company Senergy has expanded its operations into Dubai and has increased office capacity in Aberdeen to support growing demand for its specialist integrated expert... (...more...)
Total awarded an exploration license for block 14
Published: Friday, 4 May 2012 in Oil Industry News.
Total announces that it has been awarded an exploration license for Uruguay’s offshore Block 14, following the second bidding round held by the national company, ANCAP. This license remains subject to... (...more...)
Fluor joint venture awarded contract for Tengizchevroil’s wellhead pressure management project in Kazakhstan
Published: Friday, 4 May 2012 in Oil Industry News.
Fluor Corporation (NYSE: FLR) announced today its joint venture with WorleyParsons, the Kazakh Institute of Oil and Gas (KING) and KazGiproNefteTrans Engineering Company (KGNT EC) was awarded a contra... (...more...)
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