From KPMG: Visions of Cheese
Whilst we are seeing a clear uptick in activity and the UK oil and gas industry is certainly on the way up again, the industry must continue to move forward. However, under current market conditions, how can companies capitalize on change whilst remaining stable and sustainable and…
ExxonMobil Wins 3 Blocks Off Argentina
U.S. oil major Exxon Mobil Corp said that its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina.ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V.
Glengorm Discovery Highlights UKCS Potential
CNOOC announced Tuesday it has made a significant discovery on the Glengorm prospect, located in the Central North Sea of the U.K. continental shelf (UKCS), with recoverable resources estimated at close to 250 million barrels of oil equivalent.The…
UK Offshore Licensing Round 'Encouraging'
The U.K.’s latest offshore licensing round has attracted 36 applications covering 164 blocks in frontier areas of the U.K. Continental Shelf (UKCS). A strong and diverse set of applications were received from 35 companies ranging from multinationals…
YPF to Spend Billions to Boost Oil and Gas Output
Argentina's state-controlled oil company, YPF, will significantly boost oil and gas production, investing between $4 billion and $5 billion per year through 2022, Chief Executive Daniel Gonzalez told Reuters on Friday.It plans to raise production by between 5 percent and 7 percent per year…
"Fat and lazy" LNG buyers Need Producers Help to Boost Demand
Buyers of liquefied natural gas (LNG) have grown "fat and lazy" on expectations of a surplus of the super-chilled fuel and they now risk a shortage in the early years of the next decade. There's no surprise that this was the view of a LNG project developer…
CGG Begins Seismic Survey off SE Australia
CGG said it has begun its Gippsland ReGeneration 3D reprocessing project in Australia’s premier Gippsland Basin, in South-East Australia. Historically, imaging the Gippsland Basin’s shelf break and numerous submarine channels has proven extremely challenging…
Pre-STM Data Available for Hobo Survey in Midland Basin
The final processed time volumes (Orthorhombic Kirchhoff PreSTM) from CGG’s recent Hobo 3D multi-client survey in the highly prospective Midland Basin are now available for license. This Howard County, Texas project delivers 342 square miles of…
CGG, Wood Mackenzie Release EV2 Exploration Valuation Platform
The EV2 decision support platform enables oil and gas clients to determine the value of undrilled exploration acreage in the world’s most prospective basins. Combining the geological expertise of CGG Robertson with the commercial insight of Wood Mackenzie…
Reliance mulls Long-term Iranian Oil Supplies
Reliance Industries, India's biggest oil refiner, said it is looking to buy more crude from Iran as the company seeks to rebuild ties to benefit from shorter shipping distances. The company had made small purchases from Iran in the current quarter and was currently engaged in talks for bigger supplies…
Mammoet Spurs US Expansion
Currently undergoing growth in terms of qualified personnel and asset acquisition, Mammoet USA said it plans for 2016 a $100 million investment in miscellaneous transport and lifting equipment, the vast majority being crawler cranes between 100 ton and 600 ton capacity.
Proserv Acquires Nautronix
Proserv Group LLC, an energy services company, has acquired Nautronix, a supplier of subsea digital acoustic communication products and positioning services to the oil and gas industry, based in Aberdeen. Proserv is a portfolio company of Riverstone Holdings LLC…
Dolphin 3D Multi-Client Campaign Continues
Dolphin continues the long lasting seismic operations in Australia on the North West shelf by initiating a large 3D SHarp Broadband Multi-Client survey covering approximately 15,000 sq.km. In cooperation with TGS and supported by major oil companies…
Chariot Oil & Gas Results FY 2014
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces its audited final results for the 12 months ended 31 December 2014. Larry Bottomley, Chief Executive of Chariot, commented, "Chariot has continued…
Ecke is GM of DEA Egypt
The new General Manager for Egypt is Dr Hans-Hermann Ecke, who is responsible for the business of the Egyptian subsidiary of DEA Deutsche Erdoel AG based in Cairo since the beginning of March. “I am looking forward to the upcoming tasks in Egypt…
PetroChina, Sinopec Merger Makes Little Sense
The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny. The Chinese authorities are mulling joining China National Petroleum Corp…
Drillsearch Appoints Simpson COO
Drillsearch Energy Limited today announced a further strengthening of its senior management team with the appointment of Mr Walter Simpson as Chief Operating Officer, reporting to Managing Director Brad Lingo. The most recent role in Mr Simpson’s…
Chariot Oil & Gas 1H 2014 Interim Results
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces its unaudited interim results for the six month period ended 30 June 2014. o Additional partnering process underway aiming to fully cover seismic costs.
SOCAR And RWE Dea Sign Joint Study Agreement
The German RWE Dea has signed a Joint Study Agreement with Azerbaijani State Oil Company (SOCAR) on evaluation of the hydrocarbon prospectivity in an area south of Baku in the Caspian Sea. The main goal of the agreement is to identify further exploration…
A New Standard in Marine Communications
KVH provides and Harvey Gulf employs possibly the most sophisticated on-board SATCOM and related service package on the water. That’s no accident. If quality service, high tech hardware and quality personnel are the common bonds shared by marine…
