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Transborders Joins Forces with Osaka Gas

Sep 17, 2019

Perth-based Transborders Energy has signed a memorandum of understanding (MoU) for collaboration with Japan's Osaka Gas.The  MOU will facilitate information and knowledge sharing for both companies to evaluate projects that could commercialize…

Novatek Wins Arctic Gas Field

Sep 01, 2019

Novatek said that its wholly-owned subsidiary Arctic LNG 1 has won an auction for a geological survey, exploration and production license for the subsoil area including the Soletsko-Khanaveyskoye gas field.The license is located on the Gydan peninsula in Yamal-Nenets Autonomous Region…

Worley, AVEVA to Roll Out Cloud-based EPC Solution

Aug 26, 2019

Engineering and industrial software company AVEVA announced that Worley has selected AVEVA’s Enterprise Resource Management solution as its preferred  materials management platform. The partnership combines Worley’s engineering, procurement…

DNV GL Launches Renewables Certification Ops in U.S.

Aug 23, 2019

With the U.S. offshore wind industry poised for rapid growth, DNV GL has established a Renewables Certification office in Medford, Mass., to meet the growing demands for certification services. While the U.S. is still a generation behind Europe in the exploitation of offshore wind energy resources…

Investments in Exploration Drilling to Double

Aug 05, 2019

Rystad Energy sees investments both in offshore and onshore exploration drilling doubling in the next five years, compared to the last five years. Conventional onshore demand will be driven by Asia, Africa and South America.Europe on the other hand…

Block Energy Acquires West Rustavi Asset

Jul 16, 2019

The oil and gas company in Georgia,  Block Energy said its working interest in the West Rustavi licence, in Georgia, has increased to 100%.The increase, from 71.5% and originally from 25%, follows an agreement made with Georgian Oil & Gas Ltd in late February…

Deepwater Leads in Discovered Oil and Gas

Jul 12, 2019

Half of the 6.7 billion barrels of oil equivalent (boe) new conventional oil and gas discoveries in the first half of 2019 were deepwater finds, signalling a return for explorers to high-risk frontier deepwater plays, said analyst Rystad Energy…

Aker BP Discovers Oil at Frosk

Jul 02, 2019

Aker BP ASA, operator of production license 340, has finalized the results after drilling wildcat well 24/9-15 S (Froskelår Nordøst) and appraisal well 24/9-15 A.According to a press note from the Norwegian Petroleum Directorate (NPD), the wells…

Michigan Sues to Shut Down Enbridge Oil Pipeline in Great Lakes

Jun 27, 2019

The U.S. state of Michigan has filed a lawsuit asking for an Enbridge Inc oil pipeline that runs under the Straits of Mackinac in the Great Lakes to be decommissioned, a statement from Michigan's attorney general said on Thursday.The lawsuit…

MTS, SUT to Collaborate

Jun 27, 2019

The Marine Technology Society and the Society for Underwater Technology announced that they have entered into a three-year Memorandum of Agreement to explore ways to work together to the benefit of their collective membership.Both SUT and MTS focus on the facilitation…

US Leads World Oil Reserves

Jun 14, 2019

The United States has a world-leading 293 billion barrels of recoverable oil resources, which is 20Bbbl more than Saudi Arabia and 100Bbbl more than Russia, with the Permian Basin leading that charge.Rystad Energy’s estimate of US recoverable…

U.S. Shale: World’s 2nd Cheapest Source of Supply in Oil

May 10, 2019

North American tight oil is emerging as the second cheapest source of new oil volumes globally, just shy of the Middle East onshore market, Rystad Energy said.The U.S. shale oil was the world’s second most expensive oil resource just four years ago…

ADNOC Launches Bid for Five Blocks

May 02, 2019

Abu Dhabi National Oil Company (ADNOC) said that it has launched the second exploration bid round for five new oil and gas blocks.The bidding will be for both conventional and unconventional resources, and the successful bidders will enter into agreements granting them exploration rights…

Santos Finds Gas Off Western Australia

Apr 16, 2019

Santos announced Tuesday it has confirmed significant gas resource in the Corvus-2 appraisal in the Carnarvon Basin, offshore Western Australia.Corvus-2 is located in 63 meters water depth, approximately 90 kilometers northwest of Dampier in Commonwealth waters within petroleum permit WA-45-R…

NOIA Applauds Confirmation of Interior Secretary

Apr 12, 2019

National Ocean Industries Association President Randall Luthi has issued the following statement on the Senate confirmation of David Bernhardt as Secretary of the Interior:“I congratulate David Bernhardt on his confirmation as Secretary of the Department of the Interior…

Current News

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Malampaya Gas Field Exceeds Export Capacity Amid Grid Demands in Philippines

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Timor-Leste: Chuditch-2 Well to be Drilled at New Location Following Site Surveys

Akastor’s Subsidiary Wins $101M Case Against Seatrium's Jurong Shipyard

Akastor’s Subsidiary Wins $101M Case Against Seatrium's Jurong Shipyard

ONGC Hires Consortium to Deliver FEED Work for Bay of Bengal Oil Field

ONGC Hires Consortium to Deliver FEED Work for Bay of Bengal Oil Field

BP Starts Oil Production at Major New Platform Offshore Azerbaijan

BP Starts Oil Production at Major New Platform Offshore Azerbaijan

Woodside and Partners Appoint Wood for Greater Sunrise Gas Concept Study

Woodside and Partners Appoint Wood for Greater Sunrise Gas Concept Study

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