Lime Petroleum Norway is to acquire an additional 20% in production licenses (PL) 591, 591B and 591C in the Norwegian Sea from Tullow Oil, increasing its holding in each to 25%. The licenses are operated by Tullow and an exploration well…
Norway's Ministry of Petroleum has welcomed interest in its latest Awards in Pre-defined Areas licensing round, despite the expection that future discoveries in the area will be smaller than in the past. Stakes in some 54 new production…
Masirah Oil commissioned a new 3D seismic survey of Block 50 offshore Oman to be conducted by Dolphin Geophysical. The Artemis Arctic. From Dolphin Geophysical. Block 50 is located on the southeast coast of the Sultanate of Oman…
Acteon Group Ltd. has acquired UTEC, a specialist provider of offshore survey services to the worldwide oil & gas industry. UTEC offers a complete range of marine survey services, from pre-engineering geophysical, geotechnical and metocean…
Nearly 50 companies have made applications for licenses in the Norwegian government's lates licensing round. The deadline for applications ended September 2. Norway's Ministry of Energy and Petroleum said applications had been received…
Lime Petroleum Norway, a jointly-controlled entity of Malaysia-based Hibiscus Petroleum Berhad and Singapore-based Rex International, surrendered three licenses in the North Sea, following the deadline for a drill or drop decision by 23 July 2014…
UK-based downhole video technology specialist EV has completed a £69 million management buyout backed by Dunedin, the UK mid-market buyout house. Headquartered in Norwich, EV provides downhole video applications for the oil and gas industry…
Minexco Petroleum Inc., the African focused private Oil and Gas Exploration Company, provided details of the petroleum agreement between its subsidiary AGM Petroleum and the Ghana National Petroleum Corporation (GNPC), for their joint project in the South Deepwater Tano Basin…
Brunei Shell Petroleum awarded Maersk Drilling a four-year contract for the jackup rig Maersk Completer for operations offshore Brunei. The contract will commence in December 201, in direct continuation of its current contract with Brunei Shell Petroleum…
Statoil ended a joint license agreement with Bahamas Petroleum. Bahamas Petroleum says Statoil is dropping its involvement in the agreement following its exploration successes elsewhere and a subsequent review of its global portfolio…
Lime Petroleum PLC subsidiary Masirah Oil Limited has halted drilling in exploration well Masirah North North #1 (MNN #1) for safety reasons. MNN #1 was drilled to a depth of approximately 1000m before mud losses in two carbonate sections…
Two banks have joined Bank of Scotland to provide a £90 million funding package for oil and gas engineering group EnerMech. EnerMech said the addition of backing from Norwegian bank DNB and HSBC to that of its support from Bank of Scotland reflected its recent growth…
BP and China National Offshore Oil Corp. (CNOOC) Ltd. signed a production sharing agreement for Block 54/11 in the South China Sea, the two companies confirmed on July 16. The block covers 4586sq km in water depths ranging from 370-2300m…
Four Friede & Goldman L-780-Mod II jack-ups were sold to Shelf Drilling by TransoceanShelf closes $1.05 B jack-up rigs acquisitionTransocean has completed the sale of 38 shallow water rigs to newcomer Shelf Drilling for $1.05 billion, the company announced on 30 November 2012…
There were echoes of the UK’s Dragon’s Den and its US reality TV brethren Shark Tank when the great and the good of the private equity world gathered in Aberdeen last month to sample the wares of would-be oil & gas sector high fliers.The occasion…
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