Stone Energy Corp announced a definitive agreement to sell its non-core Gulf of Mexico (GOM) conventional shelf properties to Talos Energy Offshore for $200 million in cash and...
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Global and Regional Markets
Johan Castberg project delayed to 2015 to evaluate costs, final concept
The partners in the Johan Castberg license, comprising Statoil, Eni and Petoro, have decided to spend more time on making the final concept selection for the Johan Castberg...
Read More »Wärtsilä to deliver generating sets for two well-intervention vessels for Siem Offshore
Wärtsilä has received an order to deliver generating sets for two new well-intervention vessels for Siem Offshore from Norway. The vessels are under construction...
Read More »Pre-salt Santos, Campos basins surpass 500,000 bbls of oil/day
Oil production in the pre-salt Santos and Campos Basins have surpassed 500,000 bbl/day (bpd),topping-out at 520,000 bpd on 24 June and setting a new daily output record...
Read More »Gazprom Neft begins exploratory drilling in the Arctic
Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has started drilling a new exploration well in the Dolginskoye field on the continental shelf in the Pechora sea...
Read More »Petrobras reduces pre-salt drilling time by 55%
Petrobras has reduced drilling time by 55%, from 126 days in 2010 to 60 days in 2013 in the pre-salt layer of the Lula and Sapinhoá fields, where it has achieved 30 days...
Read More »GE wins PEMEX surface wellhead, tree contract for GOM project
GE Oil & Gas has signed a multi-year agreement with PEMEX to supply and install surface wellheads and trees for an offshore project in the Campeche Sound Ayatsil field in the...
Read More »OMV: Technology key to halving cost, doubling the number of wells drilled
From operations onshore Romania to offshore New Zealand, challenges come in all shapes and sizes for OMV E&P, but the Austrian-based operator is...
Read More »KCA Deutag wins land newbuild contract for Brunei Shell
Brunei Shell Petroleum (BSP) has awarded a contract to KCA Deutag’s land division for the construction and operation of a newbuild land rig in Brunei. Bentec will manufacture...
Read More »Study: Oil & gas boost European government treasuries by over €400B annually
Oil and gas contribute hundreds of billions of euros to European government revenues every year, a new study shows, highlighting how the industry – far from being subsidized...
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