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News
Asia’s Diversity: A Catalyst for Oil and Gas Collaboration and InnovationApr 1, 2015The Offshore Technology Conference Asia (OTC Asia) 2016 was launched at a reception this evening. Following the event’s inaugural
GasLog completes the acquisition of two LNG carriers from BG GroupApr 1, 2015GasLog Ltd. has successfully completed the acquisition of two LNG carriers from Methane Services Limited, a subsidiary of BG Group plc
Shipping confidence hits two-and-a-half year low on fears about overtonnaging and low oil pricesApr 1, 2015Overall confidence levels in the shipping industry fell during the three months to February 2015 to their lowest level for two-and-a-half years,
George Kirkland, Vice Chairman and Executive VP, Upstream, to retire from ChevronApr 1, 2015Chevron Corporation confirmed that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company,
Saturn Minerals completes seismic program at Little Swan Saskatchewan propertyApr 1, 2015Saturn Minerals Inc. has completed its third 2D seismic program over Petroleum Exploration Permit 71 (the 'Little Swan Property') consisting of
FARO Streamlines As-Built to BIM Workflows with PointSense for Revit®Apr 1, 2015FARO Technologies, Inc. has released the newly designed PointSense for Autodesk’s Revit® building design software. PointSense
Trelleborg presents innovations that lower total operator costs at OTC 2015Apr 1, 2015Trelleborg presents innovations that Lower Total Operator Costs at OTC 2015. In January 2015, oil prices plummeted to an all-time low of $46 over the past five-and-a-half years.
Torchlight Energy drills first well in Orogrande projectApr 1, 2015Torchlight Energy Resources, Inc. has begun to drill the first test well in the Orogrande project, The University Rich A11.
Key Petroleum gets environmental plan approval for Dunnart-2 test programApr 1, 2015Key Petroleum (Australia) Pty Ltd. (Key or Company), a wholly owned subsidiary of Key Petroleum Ltd., has received Department of Mines and Petroleum (DMP)
Non-Executive Chairman to retire from Gulf KeystoneApr 1, 2015Gulf Keystone Petroleum says that Simon Murray, the Company's Non-Executive Chairman is to retire from the Board of Directors of Gulf Keystone.
Northern Petroleum announces significant cost reduction programmeApr 1, 2015Northern Petroleum provides the following corporate update. Current production capacity from existing wells of 500 barrels of oil per day ('bopd')
DNO suspends Yemen operations due to deteriorating security conditionsApr 1, 2015DNO ASA suspends production in Yemen due to the continuing deterioration of security conditions. Prior to the suspension, combined
Trapoil amends Athena Consortium's contract with BW OffshoreApr 1, 2015Trapoil provides operational update in respect of the Athena Oil Field, Licence P.1293, Block 14/18b, in which Trapoil holds a 15 per
Azonto Petroleum to develop Cote d'Ivoire Block CI-202Apr 1, 2015Azonto provides an update on its operations in Cote d'Ivoire where the Company is a 35% shareholder in Vioco Petroleum Limited
Eni signs PSC for the exploration of two blocks offshore MyanmarApr 1, 2015Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, signed two Production Sharing Contracts (PSC) for offshore blocks MD-02 and MD-04. The contracts were signed in Nay Pyi Taw, in the presence of the country’s Energy Minister. The Joint Venture is between Eni, the Operator with an 80% participating interest through Eni Myanmar B.V, and Petrovietnam Exploration Production Corporation Limited (20%).
KrisEnergy provides drilling update in G6/48 Gulf of ThailandMar 31, 2015KrisEnergy Ltd. provides an update on the drilling of the Rossukon-2ST sidetrack exploration well in G6/48 in the Gulf of Thailand,
Saudi Aramco signs new standby credit facilities with 27 financial institutionsMar 31, 2015As part of the Company's strategy of maintaining financial flexibility, Saudi Aramco has signed a new standby revolving credit facilities agreement.
Key appointment to expand Johnston Carmichael’s international credentialsMar 31, 2015Johnston Carmichael, Scotland’s largest independent accountancy and business advisory firm, is to enhance its integrated employment solutions
2H Offshore awarded contract for Norway’s Johan Sverdrup fieldMar 31, 2015The Tanzania Ministry of Energy and Minerals announced that the Mdalasini-1 exploration well drilled by Statoil (Operator) has resulted
Marksmen completes final closing of private placementMar 31, 2015Marksmen Energy Inc. has completed the third and final closing of its previously announced non-brokered private placement for
Petrus Resources announces fourth quarter and annual 2014 resultsMar 31, 2015Petrus Resources Ltd. is pleased to report operating and financial results for the fourth quarter and the 2014 fiscal year, in which the
Resolute Energy Corporation sells non-core assetsMar 31, 2015Resolute Energy Corporation has entered into a definitive agreement to sell certain non-core assets in the Midland Basin portion of
Rainer Seele appointed new CEO of OMVMar 31, 2015The Supervisory Board of OMV Aktiengesellschaft appointed Rainer Seele (54) as the new Chairman of the Executive Board and CEO of OMV.
Total completes $1 billion of onshore divestments in NigeriaMar 31, 2015Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million.
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