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Latest Oil and Gas News

Aker Solutions wins well service contract in Ghana

Published: Friday, 3 February 2012 in Oil Industry News.

Aker Solutions has signed a frame agreement with Tullow Ghana Limited to provide well intervention services for the oil company's Jubilee and Tano deepwater fields offshore Ghana, West Africa. ... (...more...)

Total launches the Hild field Development in the North Sea, Norway

Published: Friday, 3 February 2012 in Oil Industry News.

Total, operator of the Hild license, launches the development of this field located in the Norwegian North Sea. This development will represent an investment of US$4.2 billion (NOK 25.6 billion) and... (...more...)

PetroNova announces oil discovery at puerto gaitan 1 well on CPO-06

Published: Friday, 3 February 2012 in Oil Industry News.

PetroNova Inc. ("PetroNova" or the "Company") (TSX-V: PNA), a company engaged in the exploration and development of oil and natural gas resources in Colombia, today announced an ... (...more...)

SAS reports additional drilling results from its 2011 exploration program and provides overview of 2012 program

Published: Friday, 3 February 2012 in Oil Industry News.

St Andrew Goldfields Ltd. (T-SAS), ("SAS" or the "Company") provides a summary of its 2011 exploration program and reports results from the remaining 2011 drill programs at the G... (...more...)

Major BP Shetland pipeline contract awarded to Subsea 7

Published: Thursday, 2 February 2012 in Oil Industry News.

A $100m (£63.2m) pipeline contract for BP's new £4.5bn oil project west of the Shetland Islands has been awarded to Subsea 7. The Clair Ridge scheme is an extension of the existing Cl... (...more...)

Stork Technical Services heralds rebrand of RBG with multi-million pound contract extension

Published: Thursday, 2 February 2012 in Oil Industry News.

Stork Technical Services, the leading global provider of knowledge-based asset integrity management services for the chemical, oil and gas and power sectors, today announces its rebrand of the RBG g... (...more...)

SandRidge Energy, Inc. to Acquire Dynamic Offshore Resources, LLC for Consideration of $1.275 Billion

Published: Thursday, 2 February 2012 in Oil Industry News.

SandRidge Energy, Inc. (NYSE: SD) has entered into an agreement to acquire Dynamic Offshore Resources, LLC for aggregate consideration of $1.275 billionconsisting of approximately $680 mi... (...more...)

ExxonMobil Licenses Oil Sands Steam Injection Technology to Baker Hughes

Published: Thursday, 2 February 2012 in Oil Industry News.

ExxonMobil Upstream Research Company has awarded the first license for its patented steam injection system and production method to Baker Hughes to improve the efficiency of in-situ oil sands projec... (...more...)

SBM Offshore signs contract for supply of the turret for ichthys FPSO

Published: Thursday, 2 February 2012 in Oil Industry News.

SBM Offshore is pleased to announce it has been awarded a contract by the Ichthys LNG Project for the engineering, procurement, fabrication and supply of a Turret and Mooring system. This system wil... (...more...)

Cal Dive Awarded Decommissioning Contract

Published: Wednesday, 1 February 2012 in Oil Industry News.

Cal Dive International, Inc. (NYSE:DVR) announced today that it has been awarded a Field Abandonment and Decommissioning Contract from an operator in the Gulf of Mexico which includes the abandonmen... (...more...)

Petroluem Safety announces consent to use Borgland Dolphin for production drilling

Published: Wednesday, 1 February 2012 in Oil Industry News.

Total E&P Norge AS has been granted consent for use of the mobile facility Borgland Dolphin for drilling and completion of a production well in production licence 102 C. Total E&P Norge A... (...more...)

Pacific Drilling Announces Ultra-Deepwater Drillship Pacific Scirocco Begins Contract in Nigeria

Published: Wednesday, 1 February 2012 in Oil Industry News.

Pacific Drilling S.A. (NYSE: PACD) (NOTC: PDSA) announced today that its ultra-deepwater drillship the Pacific Scirocco commenced operations in Nigeria on December 31, 2011. The drillship is contrac... (...more...)

Shell and ORTEC Sign Contract for Technical Consultancy Services

Published: Wednesday, 1 February 2012 in Oil Industry News.

Shell Global Solutions International B.V. and ORTEC, a leading supplier in resource optimization tools and consulting services, have signed a contract to work closely together on a worldwide scale.... (...more...)

Eaglewood Energy Announces PPL 259 Farmouts

Published: Tuesday, 31 January 2012 in Oil Industry News.

Eaglewood Energy Inc. ("Eaglewood") is pleased to announce that it has executed farmout agreements with Ketu Petroleum Ltd, a wholly owned subsidiary of Horizon Oil Ltd (a company listed o... (...more...)

Treaty Energy Corporation Strikes Oil in Belize

Published: Tuesday, 31 January 2012 in Oil Industry News.

Treaty Energy Corporation, a growth-oriented international energy company, today reported drilling success on its first oil well, SAN JUAN #2, in Belize, Central America. The&nb... (...more...)

Bergen Group Vest Elektro awarded new contract

Published: Tuesday, 31 January 2012 in Oil Industry News.

Bergen Group Vest Elektro has been awarded the contact for the electrical design and installations on the multi-functional vessel number 2 to be built at Fitjar Mekaniske Verksted AS for the Norwegi... (...more...)

B&W Awarded $75 Million Environmental Construction Contract for Indiana Power Plant

Published: Monday, 30 January 2012 in Oil Industry News.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary Babcock & Wilcox Construction Co., Inc. (BWCC) has been awarded a contract worth more than $75 million ... (...more...)

Oil and Gas Capital Expenditure Outlook, 2012

Published: Monday, 30 January 2012 in Oil Industry News.

Research and Markets has announced the addition of GlobalData's new report "Oil and Gas Capital Expenditure Outlook, 2012" to their offering. “Oil and Gas Capital Expendit... (...more...)

Senergy Work to Advance North Sea Energy Projects

Published: Monday, 30 January 2012 in Oil Industry News.

North Sea Energy Inc. (“NSE” or the “Company”) (TSXV:NUK) is pleased to announce that it has hired Senergy GB Limited to commence additional work on its Bobcat Prospect (bloc... (...more...)

BG Increases LNG Volumes to 5.5 MTPA under its 20-Year LNG Sale and Purchase Agreement at the Sabine Pass LNG Terminal

Published: Friday, 27 January 2012 in Oil Industry News.

Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE Amex: CQP) announced today that its subsidiary, Sabine Pass Liquefaction, LLC ("Sabine Liquefaction"), has entered into... (...more...)

Honeywell UOP Technology for Upgrading the Bottom of the Barrel Selected for Refinery Expansion in Pakistan

Published: Friday, 27 January 2012 in Oil Industry News.

UOP LLC, a Honeywell (NYSE: HON) company, announced today that its new process technology designed to help refiners get more high-value product from each barrel of crude oil has been selected by Nat... (...more...)

BP Statement on U.S. District Court Ruling on Partial Summary Judgment Regarding Indemnity in Deepwater Horizon Accident

Published: Friday, 27 January 2012 in Oil Industry News.

Today's ruling makes clear that contractors will be held accountable for their actions under the law. While all official investigations have concluded that Transocean played a causal role in the... (...more...)

McDermott Awarded INPEX Ichthys Subsea Contract

Published: Thursday, 26 January 2012 in Oil Industry News.

McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that its Australian subsidiary has received and signed a letter of award for the Ichthys Gas-condensate Field Devel... (...more...)

Technip Awarded Detailed Design Contract for the Wheatstone Gas Processing Platform in Australia

Published: Thursday, 26 January 2012 in Oil Industry News.

Technip Oceania (TPO), a Technip Group (Paris:TEC) (ISIN:FR0000131708) operating centre in Perth, Australia, has been awarded a contract, worth approximately AUD110 million (€90 million), ... (...more...)

Technip Awarded a Major Refining Contract in Bulgaria

Published: Thursday, 26 January 2012 in Oil Industry News.

Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by Lukoil Neftochim Burgas ad, subsidiary of OAO LUKOIL, a lump sum turnkey contract, worth more than €900 million (Technip share around &eur... (...more...)

RBG Achieves Major Improvement In Safety Performance

Published: Thursday, 26 January 2012 in Oil Industry News.

RBG, the leading provider of assess, inspect and repair (AIR) services to the global energy industry that was acquired by Stork Technical Services (Stork), has delivered an outstanding safety perfo... (...more...)

Apache to Acquire Cordillera Energy Partners III LLC for $2.85 Billion

Published: Wednesday, 25 January 2012 in Oil Industry News.

Apache Corporation (NYSE, Nasdaq: APA) today announced that it has agreed to acquire Cordillera Energy Partners III LLC, a privately held company with substantial operations that include approximate... (...more...)

Kuwait Energy makes a new oil discovery in Gulf of Suez, Egypt

Published: Wednesday, 25 January 2012 in Oil Industry News.

Kuwait Energy Plc, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, today announced a new oil discovery in Egypt’s Ahmad-1X well, loc... (...more...)

ConocoPhillips Reaches Settlement Agreement Related to Bohai Bay Incidents

Published: Wednesday, 25 January 2012 in Oil Industry News.

ConocoPhillips [NYSE:COP] today announced they and the China National Offshore Oil Corp. (CNOOC) have reached an agreement with China's Ministry of Agriculture to resolv... (...more...)

Heritage Oil Awarded Further Acreage in Tanzania

Published: Wednesday, 25 January 2012 in Oil Industry News.

Heritage Oil Plc (LSE:HOIL)(TSX:HOC), an independent upstream exploration and production company, announces that it has been awarded a further Production Sharing Agreement ("PSA") in Tanza... (...more...)

FTTN Acquires Working Interest in Big Canyon Prospect

Published: Tuesday, 24 January 2012 in Oil Industry News.

First Titan Corp. (OTCBB:FTTN) finalized a purchase agreement today to acquire a working interest in the Big Canyon Prospect oil and gas lease in West Texas. The Big Canyon Prospect covers approxim... (...more...)

CAMAC Energy Awarded Two Offshore Exploration Blocks in Gambia

Published: Tuesday, 24 January 2012 in Oil Industry News.

CAMAC Energy Inc. (NYSE Amex: CAK), a U.S.-based energy company engaged in the exploration, development and production of oil and gas, today announced that it has entered into an agreement with the... (...more...)

Inverness manpower firm Orion clinches £100m deal

Published: Monday, 23 January 2012 in Oil Industry News.

Engineering manpower provider Orion Group has clinched £100m worth of business with a Canadian energy company over the next five years. Orion will provide UK and overseas manpower services fo... (...more...)

Petrobras announces 2011 production

Published: Monday, 23 January 2012 in Oil Industry News.

Petróleo Brasileiro S.A. - Petrobras releases its oil and natural gas production figures for December and 2011 average. Petrobras’ average oil and natural gas output in 2011, in Brazi... (...more...)

Eni awarded a new exploration license in the Barents Sea

Published: Monday, 23 January 2012 in Oil Industry News.

Eni has been awarded a new exploration license (PL657) in the Barents Sea, located just east of the Goliat Field, also operated by Eni. The license has been awarded by the Norwegian Ministry ... (...more...)

Chevron Announces Further Natural Gas Discovery Offshore Australia

Published: Friday, 20 January 2012 in Oil Industry News.

Chevron Corp. (NYSE: CVX) today announced a natural gas discovery by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia. “Satyr-3 repre... (...more...)

Statoil Announces Production Resumed at Hammerfest LNG

Published: Friday, 20 January 2012 in Oil Industry News.

Statoil has resumed production at the LNG plant at Melkøya outside Hammerfest following a temporary shutdown due to rupture of a firewater line last Wednesday. The facility can revert to... (...more...)

Lundin Norway Announces Kvaerner wins Luno jacket EPC contract

Published: Friday, 20 January 2012 in Oil Industry News.

Lundin Norway AS has awarded Kvaerner an EPC contract of approximately NOK 1.1 billion for delivery of a steel jacket to be located at the Luno field, production license PL338, offshore the Norwegia... (...more...)

MEO Australia announces commences recording Zeppelin 3D seismic survey

Published: Friday, 20 January 2012 in Oil Industry News.

MEO Australia Limited (ASX: MEO; OTC: MEOAY) advises that the S/R Veritas Viking II commenced acquisition of the 507 km2 Zeppelin 3D seismic survey in AC/P50 & AC/P51 in the Ashmore Cartier regi... (...more...)

Foster Wheeler Awarded Contract for an LNG Receiving Terminal in India

Published: Friday, 20 January 2012 in Oil Industry News.

Foster Wheeler AG (Nasdaq: FWLT) announced today that its India subsidiary, Foster Wheeler India Private Limited, part of its Global Engineering and Construction Group, has been awarded a contract f... (...more...)

CB&I Announces Kearl Oil Sands Expansion Project Contract

Published: Thursday, 19 January 2012 in Oil Industry News.

CB&I (NYSE:CBI) announced today that it has been awarded a contract, valued in excess of US$750 million, by Imperial Oil Resources Ventures Ltd. for work on the Kearl Expansion Project in Alberta,... (...more...)

Chevron Suspends Search and Rescue Efforts for Two Missing Contractors

Published: Thursday, 19 January 2012 in Oil Industry News.

Chevron Corporation (NYSE: CVX) said that its subsidiary, Chevron Nigeria Limited (CNL), has called off the search and rescue activities for two contractors who were missing after Monday’s fire aboard... (...more...)

Kosmos Energy Announces Substantial Oil Encountered in Ntomme-2A Appraisal Well Offshore Ghana

Published: Thursday, 19 January 2012 in Oil Industry News.

Kosmos Energy (NYSE: KOS) announced today that the Ntomme-2A appraisal well, located in the Deepwater Tano Block offshore Ghana, has successfully encountered significant quantities of light oil. The w... (...more...)

AMEC awarded £10 million contract to modify and extend BP’s Kinneil Terminal in Scotland

Published: Tuesday, 17 January 2012 in Oil Industry News.

AMEC, the international engineering and project management company, has been awarded a £10 million contract to provide project services to BP for the Kinneil Enhanced Gas Separation (E... (...more...)

Transocean Ltd. Provides Fleet Status Report

Published: Tuesday, 17 January 2012 in Oil Industry News.

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued an updated Fleet Status Report which provides current status and contract information for the company's entire fleet of offshore drilling rig... (...more...)

INPEX Announces Acquisition of New Blocks, offshore Sabah, Malaysia

Published: Tuesday, 17 January 2012 in Oil Industry News.

INPEX CORPORATION (INPEX) is pleased to announce that through its subsidiaries, it has been granted the approval by PETROLIAM NASIONAL BERHAD (PETRONAS), the national oil company of Malaysia, ... (...more...)

Chevron Confirms Fire Incident on Rig Offshore Nigeria

Published: Tuesday, 17 January 2012 in Oil Industry News.

Chevron Corporation (NYSE:CVX) reports that its subsidiary, Chevron Nigeria Limited, is working to contain a fire that ignited early this morning aboard the K.S. Endeavor, a drilling rig offshore Ni... (...more...)

Pembina Pipeline Corporation to Acquire Provident Energy Ltd., to Create Leading North American Energy Infrastructure Company

Published: Monday, 16 January 2012 in Oil Industry News.

Pembina Pipeline Corporation (TSX: PPL, PPL.DB.C) ("Pembina") and Provident Energy Ltd. (TSX: PVE, PVE.DB.E, PVE.DB.F, NYSE: PVX) ("Provident") are pleased to announce they have ... (...more...)

Saudi oil output is ‘near capacity limit’

Published: Monday, 16 January 2012 in Oil Industry News.

Saudi Arabia is nearing its comfortable operational production limits and may struggle to do much to make up for shortages that arise from new sanctions imposed on Iran by the West, Gulf-based sourc... (...more...)

Delek Group Announces Drilling Restarts at the Leviathan #1 Deeper Prospects

Published: Monday, 16 January 2012 in Oil Industry News.

The partners in Leviathan announced that the Homer Ferrington Rig has arrived at “Leviathan 1” drilling site in the Rachel license drilling site, and is expected to begin the drilling wo... (...more...)

Lundin Petroleum Completes Avaldsnes Appraisal Well 16/5-2s, Offshore Norway

Published: Monday, 16 January 2012 in Oil Industry News.

Lundin Petroleum Norway, as operator for PL501, has completed the appraisal well, 16/5-2S located approximately 8.5 km south of the Avaldsnes discovery well 16/2-6, and 4 km south of the appraisal w... (...more...)

Tap Oil Announces Sale Of Interest in Fletcher Finucane Oil Development for $21.7 Million

Published: Saturday, 14 January 2012 in Oil Industry News.

Tap Oil Limited (Tap) is pleased to announce that it has entered into an agreement with Santos Limited (Santos) whereby Santos will acquire Tap’s 8.2% interest in the WA-191-P exploration permit... (...more...)

Select Energy Services Acquires Elite Wellsite Services

Published: Saturday, 14 January 2012 in Oil Industry News.

Select Energy Services (SES), a leading provider of engineered water solutions to the oil and gas industry, today announced its acquisition of Elite Wellsite Services LLC (Elite), an oilfield servic... (...more...)

Umbilicals contract to Aker Solutions

Published: Saturday, 14 January 2012 in Oil Industry News.

Aker Solutions has been awarded a contract for eight steel tube umbilicals by Anadarko Petroleum Corporation for the Lucius field located in the Gulf of Mexico. The contract value is undisclosed. ... (...more...)

PGS Starts 26 000 km² MC3D Survey offshore Angola

Published: Thursday, 12 January 2012 in Oil Industry News.

The Ramform Valiant, a seismic vessel owned and operated by Petroleum Geo-Services ASA, has started acquisition of over 26,000 km² of GeoStreamer® data in five blocks in the Kwanza/Benguela... (...more...)

Emerald Bay Cases Exploratory Oil Well in Texas

Published: Thursday, 12 January 2012 in Oil Industry News.

Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation" or "Emerald Bay") is pleased to provide an operational update on recent events. Emerald Bay has recently d... (...more...)

Cedigaz Anticipates New Dynamics in the Global Gas Industry

Published: Thursday, 12 January 2012 in Oil Industry News.

The latest annual survey of the global gas industry, 2011's Natural Gas in the World published by the international association CEDIGAZ in December, provides a detailed description of the recen... (...more...)

Technip Awarded Contract by Nexen for the Golden Eagle Development in the UK North Sea

Published: Wednesday, 11 January 2012 in Oil Industry News.

Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by Nexen Petroleum U.K. Limited a lump sum contract, worth approximately €135 million, for the Golden Eagle development located 110 kilometers ... (...more...)

Synergy Resources Corporation Reports First Quarter Results

Published: Wednesday, 11 January 2012 in Oil Industry News.

Synergy Resources Corporation (NYSE Amex: SYRG), a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (the "D-J Basin"), today reported its first q... (...more...)

Rockhopper Exploration Announces End of Drilling Campaign

Published: Wednesday, 11 January 2012 in Oil Industry News.

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the Ocean Guardian drilling unit has been towed successfully from the 14/15-4 well locat... (...more...)

Dana Petroleum awarded new North Sea acreage

Published: Tuesday, 10 January 2012 in Oil Industry News.

Dana Petroleum plc ("Dana") in a 50/50 partnership with Sorgenia E&P (UK) Ltd has secured blocks 42/27, 47/2b (split) and 47/3g (split) in the UK Southern North Sea, in the final stage... (...more...)

Dana Petroleum confirms first production from Matr-1XST well

Published: Tuesday, 10 January 2012 in Oil Industry News.

Dana Petroleum plc ("Dana") is pleased to announce first oil production from its Matr-1XST well in the North Zeit Bay production sharing contract (PSC) area onshore in the Gulf of Suez, Eg... (...more...)

Bridge Energy announces awarded new block in the UK North Sea

Published: Tuesday, 10 January 2012 in Oil Industry News.

Bridge, the Oslo Axess-listed oil and gas exploration and production company (OAX: BRIDGE) is pleased to announce that it has been notified by the UK Department of Energy and Climate Change (DECC) t... (...more...)

Delta Oil & Gas Drills First Well at its King City, California Prospect

Published: Tuesday, 10 January 2012 in Oil Industry News.

Delta Oil and Gas, Inc, (OTCBB:DLTA) is pleased to report that Delta and its partners have drilled the first discovery well (“SBV-2-32”) at its King City, California Prospect. The SBV-2-... (...more...)

Keppel AmFELS to Construct and Upgrade Deepwater Semisubmersible for Diamond Offshore for US$150 million

Published: Tuesday, 10 January 2012 in Oil Industry News.

Keppel AmFELS LLC, a US wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from Diamond Offshore to construct and upgrade a moored semisubmersible r... (...more...)

Total Awarded two Exploration Licenses in Mauritania, Offshore and Onshore

Published: Monday, 9 January 2012 in Oil Industry News.

Total today announced that it has signed two exploration licenses with the Mauritanian government that gives it, as operator, a 90% interest in the following blocks: Block C 9 in ultra deep off... (...more...)

Bergen Group BMV awarded rebuilding contract

Published: Monday, 9 January 2012 in Oil Industry News.

Bergen Group BMV AS is awarded a contract for rebuilding work on the high-capacity seismic vessel Polar Duchess. The project generates immediate activity at the yard, and will be completed within en o... (...more...)

Statoil announces major new oil discovery in the Barents Sea

Published: Monday, 9 January 2012 in Oil Industry News.

Statoil ASA (OSE:STL, NYSE:STO) has together with its partners Eni Norge AS and Petoro AS made a substantial oil discovery in the Havis prospect in the same licence as Skrugard (PL532) in the Barents ... (...more...)

Lundin Petroleum Updates its Net Reserves and Contingent Resource Estimates

Published: Thursday, 5 January 2012 in Oil Industry News.

Lundin Petroleum AB ("Lundin Petroleum") is pleased to announce that as at 31 December 2011 its net proven and probable working interest reserves are 210.7 million barrels of oil equivalent ... (...more...)

SBM Offshore N.V. Receives Extension For Lease and Operate Contract For FPSO Marlim Sul

Published: Thursday, 5 January 2012 in Oil Industry News.

The Company has received an extension of 26 months for the lease and operating contract of the FPSO Marlim Sul from Petrobras. This extension will begin in April 2012, at the end of the initial lease ... (...more...)

Schlumberger and Petrofac Co-operation Agreement

Published: Thursday, 5 January 2012 in Oil Industry News.

Petrofac and Schlumberger announced today that their Integrated Energy Services (IES) and Schlumberger Production Management (SPM) divisions respectively have signed a Co-operation Agreement ('the... (...more...)

Tethys Petroleum Announces Kazakhstan Oil Transportation Update

Published: Monday, 2 January 2012 in Oil Industry News.

Tethys Petroleum Limited (“Tethys” or the “Company” (TSX:TPL, LSE:TPL)) today provided an update on oil transportation and sales in Kazakhstan. Due to extremely adverse wint... (...more...)

California Gasoline Consumption Declined 2.1% in September, 2.0% in Third Quarter

Published: Monday, 2 January 2012 in Oil Industry News.

Jerome E. Horton, Chairman of the California State Board of Equalization (BOE), today announced state gasoline and diesel consumption figures for third quarter 2011 and for September 2011. In Californ... (...more...)

BG Group Announces Declaration of Commerciality for Guará area, offshore Brazil

Published: Monday, 2 January 2012 in Oil Industry News.

BG Group today announced that its partner Petroleo Brasileiro S.A., as the operator of block BM-S-9 in the pre-salt Santos Basin offshore Brazil, has submitted a Declaration of Commerciality (DoC) wit... (...more...)

China gets approval for Afghanistan oil exploration bid

Published: Tuesday, 27 December 2011 in Oil Industry News.

China has gained potential access to millions of barrels of oil after it won approval for oil exploration and extraction in Afghanistan. The country's cabinet approved a deal to allow China Nat... (...more...)

Subsea 7 awarded contract in the North Sea

Published: Thursday, 22 December 2011 in Oil Industry News.

Subsea 7 S.A. (Oslo Børs: SUBC) announced today the award of a SURF contract valued at approximately $185 million from Elf Exploration UK Limited on the West Franklin Field in the Central Grabe... (...more...)

Foster Wheeler Awarded EPCm Contract for BP Exploration’s Enhanced Gas Separation Project in Scotland

Published: Thursday, 22 December 2011 in Oil Industry News.

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management contract by... (...more...)

Hess awards Wood Group Kenny FEED contract for Equus project

Published: Thursday, 22 December 2011 in Oil Industry News.

Wood Group Kenny has been awarded a contract to carry out the front end engineering and design (FEED) for the subsea development of Equus, Hess Exploration Australia's first deepwater gas project ... (...more...)

Alliance Oil and Repsol Reach Agreement to Form and Govern Russian Exploration and Production Joint Venture

Published: Wednesday, 21 December 2011 in Oil Industry News.

Repsol Chairman Antonio Brufau and Alliance Group Chairman Musa Bazhaev have today signed an agreement in Moscow to form a joint venture that serves as a growth platform for both companies in the Russ... (...more...)

BP Grows Deepwater Exploration Portfolio with Major Win of Angola Acreage

Published: Wednesday, 21 December 2011 in Oil Industry News.

BP today confirmed that it has gained access to five more deepwater exploration and production blocks offshore Angola. These give BP a leading position in Angola, with interests in nine blocks account... (...more...)

Oceaneering Acquires AGR Field Operations

Published: Wednesday, 21 December 2011 in Oil Industry News.

Oceaneering International, Inc. (NYSE:OII) announced that its wholly-owned Norwegian subsidiary, Oceaneering AS, has closed the previously-announced definitive agreement to acquire AGR Field Operation... (...more...)

Technip awarded lump sum contract for the Lucius development project in the Gulf of Mexico

Published: Monday, 19 December 2011 in Oil Industry News.

Technip was awarded a lump sum contract by Anadarko Petroleum Corporation for the engineering, construction and transport of a 23,000 ton truss Spar hull for their Lucius(1) project in approximately 7... (...more...)

Cameron Announces Agreement with BP

Published: Monday, 19 December 2011 in Oil Industry News.

Cameron (NYSE: CAM) today announced an agreement with BP whereby BP will indemnify Cameron for current and future compensatory claims against Cameronassociated with the Deepwater Horizon incident. Un... (...more...)

Russia oil rig capsizes off Sakhalin, dozens missing

Published: Sunday, 18 December 2011 in Oil Industry News.

At least four people have died and about 50 are missing after an oil drilling rig sank in freezing seas in the Russian far east. The Kolskaya rig was being towed some 200km (125 miles) off Sakhalin... (...more...)

Neste Oil to build a pilot plant to produce waste-based microbial oil at Porvoo

Published: Thursday, 15 December 2011 in Oil Industry News.

Neste Oil is to build a pilot plant to produce waste-based microbial oil at its Porvoo refinery. It will be the first pilot plant in Europe designed to produce microbial oil for use in manufacturing r... (...more...)

Seadrill in discussions regarding a potential investment with SapuraCrest in Brazil

Published: Thursday, 15 December 2011 in Oil Industry News.

Seadrill Limited, or Seadrill, is contemplating expanding its product range with an ambition to offer a wider range of oilfield services in Brazil. It is the intention that such expansion could includ... (...more...)

Northern Offshore announces drillship energy searcher selected for drilling program

Published: Thursday, 15 December 2011 in Oil Industry News.

Northern Offshore, Ltd. (Oslo BOrs: NOF.OL) today announced that the Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom, ("VGP") has selected the drillship... (...more...)

Statoil signs environmental monitoring development agreement

Published: Tuesday, 13 December 2011 in Oil Industry News.

Statoil has awarded Kongsberg Oil & Gas Technologies a contract worth NOK 150 million over three years to develop the world’s first integrated environmental monitoring system (EM) for oil an... (...more...)

Cyprus authorities' approval with regards to Block 12 in Cyprus

Published: Tuesday, 13 December 2011 in Oil Industry News.

Delek Group (TASE: DLEKG, OTCQX: DGRLY) (“the Company”) is pleased to announce its subsidiary, Delek Energy Systemts Ltd., has published an immediate report referring to Cypriot authoritie... (...more...)

ATP marks successful Clipper well test

Published: Tuesday, 13 December 2011 in Oil Industry News.

ATP Oil & Gas Corporation (NASDAQ: ATPG) today announced the successful completion and testing of the second Clipper well at rates of 9,000 Bbls per day and 4.6 MMcf per day. When combined with th... (...more...)

Total increases its stake in Novatek to 14.09%

Published: Monday, 12 December 2011 in Oil Industry News.

Total has increased its stake in Novatek by finalizing the acquisition of an additional 2% interest in the Russian company for around 800 million dollars. Following this transaction, Total owns a 14.0... (...more...)

Breitling Oil and Gas announces spud of Breitling-Golden Ridge #1H in Logan County, OK

Published: Monday, 12 December 2011 in Oil Industry News.

Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that it has spud the Breitling-Golden Ridge #1H on December 6, 2011 in Logan Coun... (...more...)

Samson Oil & Gas announcement

Published: Monday, 12 December 2011 in Oil Industry News.

Samson Oil & Gas Limited (ASX:SSN; NYSE AMEX:SSN) announces the following investor relations trip: Samson’s CEO, Terry Barr, will be presenting to a series of institutional investors Monday,... (...more...)

Centrica to acquire Carrot Creek Canadian gas assets

Published: Friday, 9 December 2011 in Oil Industry News.

Centrica plc’s North American subsidiary, Direct Energy, has agreed to acquire a package of liquids-rich natural gas assets located in west central Alberta (the Carrot Creek Assets) from Encana ... (...more...)

Phuel Oil Tools receives landmark certification – a first for oil and gas industry

Published: Friday, 9 December 2011 in Oil Industry News.

The industry leader in the design and supply of specialist Wireline Pressure Control equipment, Phuel Oil Tools, has secured landmark certification for its Wireline Blow Out Preventers (BOPs). ... (...more...)

KFG Logs Two Oil Sands at Fayette

Published: Friday, 9 December 2011 in Oil Industry News.

Fayette Field, Jefferson County, Mississippi KFG Resources President, Robert A. Kadane, reported that KFG's wholly-owned subsidiary, KFG Petroleum Corporation, is running production casing to 4000... (...more...)

Aker Solutions maintains growth ambition

Published: Friday, 9 December 2011 in Oil Industry News.

Aker Solutions will today announce at the company's capital markets day that it is maintaining its ambition of 9-15 percent annual revenue growth for the period 2011-15 due to a favourable market ... (...more...)

Chevron announces $32.7 billion capital and exploratory budget for 2012

Published: Thursday, 8 December 2011 in Oil Industry News.

Chevron Corporation (NYSE: CVX) today announced a $32.7 billion capital and exploratory spending program for 2012. Included in the 2012 program are $3 billion of planned expenditures by affiliates, wh... (...more...)

Cairn and Vedanta Transaction Completed

Published: Thursday, 8 December 2011 in Oil Industry News.

Cairn is pleased to announce that the Transaction has now completed. Net proceeds to Cairn from the sale of a 30 per cent shareholding in Cairn India were $4.1 billion in cash. In July 2011, Cairn com... (...more...)

Statoil ASA closes subsequent offering period relating to tender offer for Brigham Exploration Company

Published: Thursday, 8 December 2011 in Oil Industry News.

Statoil and Brigham Exploration Company (NASDAQ: BEXP) (“Brigham”) today announced that more than 92.2 percent of the outstanding shares of Brigham’s common stock have been tendered ... (...more...)

Centrica finds oil at its Butch exploration well in Norway

Published: Wednesday, 7 December 2011 in Oil Industry News.

Centrica announced today that early appraisal results at its Butch exploration well in the Northern North Sea indicate a significant presence of light oil in the reservoir. Preliminary resource estim... (...more...)

Jacobs Awarded Contract From Shell in Bangalore, India

Published: Wednesday, 7 December 2011 in Oil Industry News.

Jacobs Engineering Group Inc. (NYSE: JEC) announced today it has received a contract from Shell India Markets Private Limited to establish an integrated organization with Shell Projects & Technolo... (...more...)

MEO Australia announces Bathurst (Blackwood) seismic survey commences

Published: Wednesday, 7 December 2011 in Oil Industry News.

MEO Australia Limited (ASX: MEO; OTC: MEOAY) advises that it has received notification from the permit operator, Eni Australia Ltd (Eni), that acquisition of the Bathurst 3D seismic data over the Blac... (...more...)

Aberdeen oil and gas firm PD&MS set for 50 new jobs

Published: Wednesday, 7 December 2011 in Oil Industry News.

An Aberdeen oil and gas engineering firm has said it hopes to create at least 50 new jobs in the coming year. PD&MS Energy has clinched a contract with TAQA Bratani for work on the Eider and Corm... (...more...)

Newfield announces Uinta Basin crude oil supply agreement

Published: Tuesday, 6 December 2011 in Site News.

Newfield Exploration Company (NYSE: NFX) today announced the signing of a crude oil supply agreement with Tesoro Corporation to provide 18,000 barrels per day of supply capacity at Tesoro's refine... (...more...)

Devon Energy obtains approval for third Jackfish oil sands project

Published: Tuesday, 6 December 2011 in Oil Industry News.

Devon Energy Corporation (NYSE:DVN) today announced that it has received regulatory approval from the Alberta Energy Resources Conservation Board and Alberta Environment and Water to move forward with... (...more...)

CAIRN Energy Sale of Shareholding

Published: Tuesday, 6 December 2011 in Oil Industry News.

Cairn has announced the part sale of shareholding in Cairn india Limited to Vedanta Resources plc. Vedanta has confirmed that it has now satisfied the conditions under the Sale and Purchase Ag... (...more...)

TGS Signs Letter of Award for 3D Vessel

Published: Monday, 5 December 2011 in Oil Industry News.

TGS announces that it has signed a letter of award with Dolphin Geophysical to charter the 12 streamer new build vessel, M/V Polar Duchess, for 3D multi-client projects in Europe during th... (...more...)

Faroe Petroleum Provides Operational Update Following Completion of the Petoro Asset Swap Deal

Published: Monday, 5 December 2011 in Oil Industry News.

Faroe Petroleum plc, 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 pro... (...more...)

Thousands of new oil and gas jobs expected, says report

Published: Monday, 5 December 2011 in Oil Industry News.

Thousands of new jobs are set to be created in the oil and gas industry, according to a new report. The Lloyds Bank Corporate Markets report Oil and Gas: Rising Fortunes said 75% of companies could c... (...more...)

BNK Petroleum Inc. Announces German Fractured Carbonate Project

Published: Monday, 5 December 2011 in Oil Industry News.

BNK Petroleum Inc. (the "Company") (TSX: BKX) announced today that it has been awarded the Weinbergen Oil and Gas Concession totalling approximately 535,000 acres in Thuringia, Germany.... (...more...)

Oil and Gas People - Exciting End of Year Update

Published: Friday, 2 December 2011 in Press release.

We are getting towards the end of 2011 and what a year it has been for Oil and Gas People. We are now officially the Oil Industry’s leading job site having overtaken all of our competitors in li... (...more...)

Shell Sells Stakes in Nigerian Oil Leases

Published: Friday, 2 December 2011 in Oil Industry News.

On November 30, the Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), (NYSE:RDS.A)(NYSE:RDS.B) completed the assignment of its 30% interest ... (...more...)

Chevron’s Brazil Unit Says Regulator ANP Shut in One Production Well

Published: Friday, 2 December 2011 in Oil Industry News.

Chevron Brasil Upstream Frade Ltda announced today it has been ordered by Brazil’s National Petroleum Agency (ANP) to shut in one of its 11 production wells and four produced water injection wel... (...more...)

Leni Gas & Oil announces plans for additional drilling at Eugene Island Field in US Gulf of Mexico

Published: Friday, 2 December 2011 in Oil Industry News.

Leni Gas & Oil plc announces plans for additional drilling at the Eugene Island Field in the US Gulf of Mexico. The Company has approved the first of a number of projects designed to tap into u... (...more...)

Statoil closes tender offer for Brigham Exploration Company and announces subsequent offering period

Published: Thursday, 1 December 2011 in Oil Industry News.

Statoil ASA (OSE: STL, NYSE: STO) (“Statoil”) and Brigham Exploration Company (NASDAQ: BEXP) (“Brigham”) today announced that more than 87.7 % of the outstanding shares o... (...more...)

Market cool on Xcite’s Bentley plans

Published: Thursday, 1 December 2011 in Oil Industry News.

Oil explorer Xcite Energy said today it was changing the development plans for its North Sea Bentley field. But the Aberdeen firm insisted it was still on track for first oil in 2012, saying it had a... (...more...)

Wood Group Kianda launch in Angola and BP contract award

Published: Thursday, 1 December 2011 in Oil Industry News.

Wood Group Kianda, a joint venture involving Amílcar Nascimento, Wood Group's Angolan business partner, and Wood Group will officially be launched in Luanda, Angola today. Sister Wood Group... (...more...)

Ferrellgas Acquires Welch Propane in Northeast Texas

Published: Thursday, 1 December 2011 in Oil Industry News.

Ferrellgas Partners, L.P. (NYSE:FGP) today announced the acquisition of Welch Propane, a retail propane company based in northeast Texas. The addition brings approximately 5,000 new customers to ... (...more...)

CAIRN - 2011 Greenland Drilling Campaing Update

Published: Wednesday, 30 November 2011 in Site News.

The following operational update relates to Cairn’s 2011 exploration drilling campaign offshore Greenland where drilling operations were extended to complete activities on the last two wells in ... (...more...)

Noble Energy Announces Heads of Agreement to Evaluate Floating LNG, Offshore Israel

Published: Wednesday, 30 November 2011 in Oil Industry News.

Noble Energy, Inc. (NYSE: NBL) announced that the partners in the Tamar and Dalit fields, offshore Israel, have entered into a Heads of Agreement (HOA) with Daewoo Shipbuilding & Marine Engineerin... (...more...)

CROSCO provides drilling services for SIPETROL in Egypt

Published: Monday, 28 November 2011 in Oil Industry News.

CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce the commencement of drilling services for SIPETROL INTERNATIONAL S.A. Egypt Branch. The CROSCO drilling services a... (...more...)

Samson Oil & Gas Operational Advisory

Published: Monday, 28 November 2011 in Oil Industry News.

Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that flow back operations are continuing, with 29% of the frac fluid being recovered. The well has not produced any formation fluids to... (...more...)

InterOil and Gunvor Sign Heads of Agreement for LNG Supply

Published: Monday, 28 November 2011 in Oil Industry News.

InterOil Corporation (NYSE: IOC) ("InterOil") and Pacific LNG Operations Ltd. ("Pacific LNG") announced the signing of a Heads of Agreement (HOA) with Gunvor Singapore Pte. Ltd., f... (...more...)

Caza Oil & Gas Provides Operational Update Hite Offset Property, McMillan #1 Well

Published: Thursday, 24 November 2011 in Oil Industry News.

Caza Oil & Gas, Inc. (TSX:CAZ)(AIM:CAZA) ("Caza" or the "Company"), the U.S. focused exploration, appraisal, development and production company, is pleased to provide an operat... (...more...)

Chevron Voluntarily Suspends Current and Future Drilling Operations Offshore Brazil

Published: Thursday, 24 November 2011 in Oil Industry News.

Chevron Corporation (NYSE: CVX) today reports that while its subsidiary, Chevron Brasil Upstream Frade Ltda., has not received formal notice from Brazil’s National Petroleum Agency (ANP) suspend... (...more...)

Pacific Drilling Provides Operational Updates

Published: Thursday, 24 November 2011 in Oil Industry News.

Pacific Drilling S.A. (NYSE: PACD, NOTC: PDSA) today provided an update on the status of its ultra-deepwater drillships. The Pacific Bora commenced its three year contract with a wholly owned Chevron... (...more...)

Oceaneering to Acquire AGR Field Operations

Published: Wednesday, 23 November 2011 in Oil Industry News.

Oceaneering International, Inc. (NYSE: OII) announced that its wholly owned Norwegian subsidiary, Oceaneering AS, has entered into a definitive agreement to acquire AGR Field Operations (AGR FO) from ... (...more...)

Premier Oil Norge AS announces dry well west of the Yme field - 9/1-1 S

Published: Wednesday, 23 November 2011 in Oil Industry News.

Premier Oil Norge AS, operator of production licence 406, has completed the drilling of wildcat well 9/1-1 S. The well is dry. The well was drilled about 30 kilometres west of the Yme field and about... (...more...)

Lundin Petroleum Discovers Oil Offshore Malaysia

Published: Wednesday, 23 November 2011 in Oil Industry News.

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has discovered oil in the Janglau-1 well that was drilled in Block PM308A, offshore Peninsular Malaysia. Janglau-1 was drilled to... (...more...)

Beach Energy announces Tantanna Pipeline back online

Published: Tuesday, 22 November 2011 in Oil Industry News.

Beach advises the pipeline operated by Santos, between Tantanna and Gidgealpa, is back online ahead of schedule Beach Energy Ltd (ASX: BPT, “Beach”) has been informed by Santos ... (...more...)

Eagle Oil Announces an Additional New Financing Program

Published: Tuesday, 22 November 2011 in Oil Industry News.

Eagle Oil Holding Company, Inc. (OTC: EGOH) (the "Company") today announced that the Company has secured a new financing program utilizing Rule 504. In connection with the financing, the Com... (...more...)

East West Petroleum enters into agreement with Halliburton

Published: Tuesday, 22 November 2011 in Oil Industry News.

East West Petroleum Corp. (TSXV: EW) (the "Company" or "East West") - Mr. David Sidoo, Chairman of the Board, is pleased to announce that East West Petroleum has ent... (...more...)

BP Agrees to Sell Pompano and Mica Assets to Stone Energy Offshore

Published: Monday, 21 November 2011 in Oil Industry News.

BP (NYSE: BP) announced today that it has agreed to sell its interests in the Pompano and Mica fields in the deepwater Gulf of Mexico to Stone Energy Offshore, LLC, a subsidiary of Stone Energy Corp (... (...more...)

Statoil and Centrica sign major gas sales agreement

Published: Monday, 21 November 2011 in Oil Industry News.

Statoil ASA (OSE: STL, NYSE: STO): Statoil and Centrica have entered into a long term gas sales agreement for the delivery of 5 billion cubic meters (bcm) per year from 2015 to 2025 to the UK market. ... (...more...)

Eni awarded two new Exploration Contracts in Indonesia

Published: Monday, 21 November 2011 in Site News.

Eni, through its subsidiary Eni Indonesia, has been awarded today two new Production Sharing Contracts (PSCs) in Indonesia. In the West Papua Province (East Indonesia), Eni has been awarded 10... (...more...)

Deepest Oil and Gas Subsea Well World Record for Shell

Published: Friday, 18 November 2011 in Oil Industry News.

Shell Oil Company is now producing oil from the world's deepest subsea well at its Perdido Development, utilizing advanced technology to lead the way in increasing the company's ability to pro... (...more...)

No Oil has Flowed from Wellhead as Chevron Confirms it is Cementing Deepwater Well in Brazil

Published: Friday, 18 November 2011 in Oil Industry News.

Chevron Corporation (NYSE: CVX) today confirms that cementing operations are taking place as part of its well plugging activities on an appraisal well located in the vicinity of the Frade field offsho... (...more...)

ATWOOD OCEANICS Receives 2011 Shell Floater Rig of the Year Award

Published: Friday, 18 November 2011 in Oil Industry News.

Atwood Oceanics Inc announced that the semisubmersible drilling rig Atwood Falcon, owned by an Atwood subsidiary, was awarded the "Floater Rig of the Year" by Shell recognizing it as th... (...more...)

Repsol Makes A New Good Quality Oil Discovery In Brazil

Published: Wednesday, 16 November 2011 in Oil Industry News.

Repsol Sinopec Brazil and its partners Petrobras and BG Group have announced a new oil discovery in the Carioca area, located in block BM-S-9, which confirms the potential in the Brazilian pre-salt Sa... (...more...)

Shell announces Iraq natural gas joint venture gets final approval

Published: Wednesday, 16 November 2011 in Press release.

The Iraqi cabinet today approved an agreement with Royal Dutch Shell ("Shell") (NYSE: RDS.A) (NYSE: RDS.B) and Mitsubishi Corporation, forming a joint venture to gather raw gas from three ma... (...more...)

Wireline contract strengthens Expro’s market-share in Brazil

Published: Wednesday, 16 November 2011 in Oil Industry News.

Leading international oilfield service company Expro announced today its Latin America team has been awarded a new multi-million dollar wireline contract with Petrobras in Brazil. As part of the fo... (...more...)

Hyperdynamics Begins Deep Water 3D Seismic Survey

Published: Tuesday, 15 November 2011 in Oil Industry News.

Hyperdynamics Corporation (NYSE: HDY) announced the commencement of its deep water 3D seismic survey off the coast of the Republic of Guinea. Using the survey vessel Oceanic Endeavour, seis... (...more...)

Foster Wheeler JV Signs Three-Year EPCm Framework Services Agreement with Qatargas

Published: Tuesday, 15 November 2011 in Oil Industry News.

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction (E&C) Group and the subsidiary’s joint venture partner, Qatar Kentz WLL, have si... (...more...)

Cheniere Partners Enters into Lump Sum Turnkey Contract with Bechtel

Published: Tuesday, 15 November 2011 in Oil Industry News.

HOUSTON, Nov. 14, 2011 /PRNewswire/ -- Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE Amex: CQP) announced today that its subsidiary, Sabine Pass Liquefaction, LLC (&qu... (...more...)

Wood Group awarded £500m offshore deal with Talisman

Published: Tuesday, 15 November 2011 in Oil Industry News.

Aberdeen-based Wood Group has been awarded a new contract worth £500m with Talisman Energy. The new five-year deal will see the firm provide operations and maintenance services on all 11 of Tal... (...more...)

Technip awarded a Subsea contract for the Brynhild project in Norway

Published: Monday, 14 November 2011 in Oil Industry News.

Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by Lundin Petroleum a lump sum contract, worth approximately €100 million, for the Brynhild field development. This field, previously known as ... (...more...)

BG Group announces production potential raised at Carioca discovery, offshore Brazil

Published: Monday, 14 November 2011 in Oil Industry News.

BG Group plc today announced an extended well test (EWT) had increased the production potential of the Carioca discovery located on the BM-S-9 concession in the Santos Basin, offshore Brazil. Results... (...more...)

INPEX announces oil sheen found in the vicinity of the Frade Oil Field, Brazil

Published: Monday, 14 November 2011 in Oil Industry News.

INPEX CORPORATION announces an oil sheen has occurred in the vicinity of the Chevron Brazil operated Frade Oil Field located offshore north east of Rio De Janeiro, Brazil . Based on the informatio... (...more...)

Cairn - Mannar Basin Sri Lanka Drilling Campaign Barracuda Discovery Notification

Published: Monday, 14 November 2011 in Press release.

Cairn Lanka (Private) Limited, a wholly owned subsidiary of Cairn India Limited, has notified the appropriate authorities in the Government of Sri Lanka of a Gas Discovery in the CLPL-Barracuda-... (...more...)

FTTN Explores New Shale Gas Opportunities in Poland

Published: Friday, 11 November 2011 in Oil Industry News.

First Titan Corp. (OTCQB: FTTN), an emerging energy development company, announced today that it is exploring new opportunities in Poland, where recently-discovered shale gas reserves are sparking a n... (...more...)

Shell Pipeline announces Houma to Houston reversal project is progressing

Published: Friday, 11 November 2011 in Oil Industry News.

HOUSTON, Nov. 10, 2011 /PRNewswire/ Shell Pipeline today announced that it received a very encouraging response to its non-binding solicitation of interest period for firm capacity on the Houma-to-Hou... (...more...)

Samson Oil & Gas Operational Advisory

Published: Friday, 11 November 2011 in Oil Industry News.

Samson Oil & Gas Limited (ASX: SSN; NYSE AMEX: SSN) advises that drilling operations on the Spirit of America well successfully deviated the wellbore, however the drill string then became stuck at... (...more...)

BP successfully completes deepwater appraisal well off Brazil

Published: Thursday, 10 November 2011 in Press release.

BP today announced that a Notification of Discovery for the Itaipu-2 pre-salt appraisal well, located in block BM-C-32 in the deepwater sector of the Campos Basin, has been lodged with the Brazilian N... (...more...)

Petrobras announces first well in the Transfer of Rights confirms potential of Franco Area

Published: Thursday, 10 November 2011 in Press release.

Petróleo Brasileiro S.A - Petrobras announces that the first well drilled after the execution of the Transfer of Rights agreement has confirmed the extension of the oil reservoirs located to th... (...more...)

Australia Pacific LNG awards major pipe contract to Queensland based manufacturer

Published: Thursday, 10 November 2011 in Oil Industry News.

Australia Pacific LNG has awarded Brisbane based pipe systems manufacturer Vinidex Pty Ltd a multi-million dollar contract to supply the high-density polyethylene plastic pipe (HDPE) requirement for i... (...more...)

Technip awarded two-year extension of frame contract for pipeline repair services

Published: Wednesday, 9 November 2011 in Oil Industry News.

Technip was awarded the options for a two-year extension of the Statoil PRS(1) Pool services frame contract to the latest possible completion date of 1st December 2014. The yearly revenue under the co... (...more...)

Faroe Petroleum announces T-Rex exploration well commences in Norwegian Sea

Published: Wednesday, 9 November 2011 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 announc... (...more...)

Sevan Marine Announces Q3 2011 Results

Published: Wednesday, 9 November 2011 in Oil Industry News.

The Company was pleased to announce on September 30, 2011 an agreement (the “Agreement”) for financial restructuring and industrial partnership with Teekay Corporation (“Teekay&rdquo... (...more...)

Tullow Oil announces Montserrado-1 makes a non-commercial oil discovery

Published: Wednesday, 9 November 2011 in Oil Industry News.

Tullow Oil plc (Tullow) announces that the Montserrado-1 exploration well, offshore Liberia, has made a non-commercial oil discovery in Late Cretaceous reservoir sands. This result is an important exp... (...more...)

Fluor Acquires Texas-based Sulfur Technology Company

Published: Tuesday, 8 November 2011 in Oil Industry News.

Fluor Corporation (NYSE: FLR) announced today that the company has made a niche acquisition of Goar, Allison & Associates, a unit of Air Products. The Tyler, Texas-based company provides sulfur te... (...more...)

Total announces new oil discovery in Nigeria's offshore OML 102

Published: Tuesday, 8 November 2011 in Oil Industry News.

Total today announced that its subsidiary Total E&P Nigeria Ltd. (TEPNG) has made a new oil discovery in the southeastern corner of Oil Mining Lease (OML) 102 in Nigeria. The discovery is located ... (...more...)

Romar International Secures Contract With Shell

Published: Tuesday, 8 November 2011 in Oil Industry News.

Aberdeenshire-based oilfield service company ROMAR International has announced a contract award with Shell UK. The scope of work involves ROMAR providing swarf handling equipment and personnel to r... (...more...)

DNO Provides Response to "offer" from Petrolia

Published: Tuesday, 8 November 2011 in Oil Industry News.

The Norwegian company Petrolia Invest AS issued a stock exchange notice yesterday with an "offer" to exchange one-third of the DNO International ASA ("DNO") shares for an unspecifi... (...more...)

American Petro-Hunter's 2nd Horizontal Oil Well Begins Commercial Production in North Oklahoma

Published: Tuesday, 8 November 2011 in Oil Industry News.

American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") today is pleased to announce that the Company's 2nd Horizontal well, the NOW... (...more...)

Iraq Oil and Gas Report Q4 2011

Published: Tuesday, 8 November 2011 in Oil Industry News.

Iraqi real GDP rose by an estimated 2.9% in 2010, and we are forecasting average annual growth of 5.7% in 2010-2015. We expect oil demand of an estimated 720,000b/d in 2011 to rise to 893,000b/d in 20... (...more...)

Letter of Award see's new Drilling Rig for Maersk

Published: Monday, 7 November 2011 in Oil Industry News.

Maersk Drilling has received a Letter of Award from Total E&P Norge AS for one of the two ultra harsh environment jack-up rigs presently under construction in Singapore. The rig will be used for d... (...more...)

Husky Energy Delivers Another Quarter of Strong Earnings and Cash Flow

Published: Monday, 7 November 2011 in Oil Industry News.

Husky Energy Inc. (TSX:HSE) delivered strong results in the third quarter of 2011, with net earnings increasing 100 percent compared to the same period a year ago and cash flow increasing 67 percent. ... (...more...)

BP Provides Statement Regarding Sale of Interest in Pan-American Energy to Bridas Corporation

Published: Monday, 7 November 2011 in Oil Industry News.

BP received from Bridas Corporation a notice of termination of the agreement for their purchase of BP's 60 per cent interest in Pan American Energy LLC (PAE). As a result of Bridas Corporation&rsq... (...more...)

XCXP Operating, L. P. and its operating subsidiary, BVX Operating, announce the addition of Rick Himbury as Vice President of Operations

Published: Wednesday, 2 November 2011 in Press release.

Houston, Texas – 01 November 2011 - XCXP Operating, L.P. and its operating subsidiary, BVX Operating, Inc., an independent oil & gas producer, announced today that Rick Himbury will join the... (...more...)

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