Archive | Global and Regional Markets

5 principles to follow for reducing risk of anti-corruption violations

Posted on 08 October 2014 in Global and Regional Markets, News

In 2007, the US Department of Justice initiated an industry sweep targeting oilfield service companies, instigated by the government’s perceptions of the industry’s…

PrintFriendlyShare This

Comments (0)

Equipment ownership provision of Nigerian local content act may require industry’s immediate focus

Posted on 07 October 2014 in Global and Regional Markets, News

The Nigerian oil and gas industry has evolved significantly since 2010, spurred by the local content act. Whereas the country used to be dominated by IOCs and…

Comments (0)

Douglas-Westwood: Angola, Nigeria, Algeria key countries to lead African production growth

Posted on 07 October 2014 in Global and Regional Markets, News

Angola and Nigeria will continue to dominate the West African drilling market even as Equatorial Guinea and Ghana emerge as major deepwater players in the coming years…

Comments (0)

Statoil, Shell and Sonatrach to test shale acreage in Algeria

Posted on 30 September 2014 in Global and Regional Markets, News, Onshore Advances

Statoil and Shell were awarded the Timissit Permit License in the Illizi-Ghadames Basin onshore Algeria. The license is in southeastern Algeria and covers an area of 2,730 sq km…

Comments (0)

Rosneft discovers oil in Kara Sea

Posted on 29 September 2014 in Global and Regional Markets, News, The Offshore Frontier

Rosneft successfully completed the drilling of the Universitetskaya-1 well in the Arctic – the northernmost well in the world, according to the company, and discovered oil at the East-Prinovozemelskiy-1 license area…

Comments (0)

Eni awarded 3 new exploration licenses in Egypt

Posted on 25 September 2014 in Global and Regional Markets, News

Eni was the successful bidder of three new exploration licenses in Egypt as a result of the competitive 2013 EGPC and EGAS bid rounds. The new licenses will be formally awarded after the ratification…

Comments (0)

Maersk Drilling receives one-year extension for Maersk Convincer

Posted on 22 September 2014 in Global and Regional Markets, News, The Offshore Frontier

Petronas Carigali has extended the contract for the jackup rig Maersk Convincer by one year. Consequently, the rig will be on contract with Petronas until mid-November 2015…

Comments (0)

Patterson-UTI Energy to acquire Texas-based pressure pumping assets

Posted on 22 September 2014 in Global and Regional Markets, News, Onshore Advances

A subsidiary of Patterson-UTI Energy has entered into an agreement to acquire the Texas-based pressure pumping assets of a privately held company…

Comments (0)

ExxonMobil to add 17,800 net acres in Permian Basin

Posted on 19 September 2014 in Global and Regional Markets, News, Onshore Advances

ExxonMobil has entered an agreement with LINN Energy to add 17,800 net acres in the Permian Basin to its US oil and natural gas portfolio managed by subsidiary XTO Energy. In the exchange, LINN Energy will…

Comments (0)

Eni discovers oil onshore Ecuador

Posted on 19 September 2014 in Global and Regional Markets, News

Eni has made a significant oil discovery in Ecuador at the Oglan-2 exploration well located in Block 10, approximately 260 km southeast of Quito Early estimates suggest that the Oglan discovery potentially contains about 300 million bbl of oil in place. The well…

Comments (0)

FEATURED MICROSITES