DP World Plc revealed on the 1st July that it has acquired 100 percent of Topaz Energy and Marine Limited for US$1.079 billion. The company purchased Topaz from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital. “We are pleased to announce the…
Norwegian oil and gas company Aker BP has carried out the first stage of the hook-up of the Valhall Flank West platform in the North Sea. Aker BP said on the 2nd July that the hook-up operation was the first one it completed using…
BP and Kosmos Energy have discovered more gas in the Greater Tortue development area, offshore Senegal. The Ensco DS-12 drilled the Greater Tortue Ahmeyim-1 well (GTA-1) in 2,500 metres (8,202 feet) of water on the eastern anticline within the unit development area, ten kilometres…
The Nordex Group is further enlarging its footprint in Croatia. The state-owned energy supplier Hrvatska elektroprivreda (HEP Group) has now placed an order with the manufacturer for the supply of 18 N131/3600 turbines for the “Korlat” wind farm. The Nordex Group is also responsible…
India’s two largest state-owned upstream oil and gas companies are seeking partners to assist with enhanced recovery in marginal oil fields. Oil & Natural Gas Corporation has opened international competitive bidding for 64 fields in 17 contract areas with total oil and gas in…
Azinam, the Seacrest Capital-backed South West African-focussed oil & gas exploration company, has announced that Azinam and Africa Oil Corporation have entered in an agreement under which Africa Oil shall acquire a 20% participating interest in Block 3B/4B Orange Basin, offshore South Africa. The…
Venezuela’s state-owned oil company is taking an unusual step to try and increase production: shut fields. Starting in July, Petroleos de Venezuela SA will prioritise 13 fields in the Faja, a 55,000 square-kilometre (21,235 square-mile) strip north of the Orinoco River containing heavy crude…
Kuwait Oil Company has signed an offshore drilling services contract with US oilfield services major Halliburton. The contract is for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf. While the parties did not share the financial details of…
Block Energy, the exploration and production company focused on the Republic of Georgia, has entered into an oil storage leasing agreement with Georgian Oil and Gas Corporation (‘GOGC’), the state-owned national oil company of Georgia, which will allow oil production to restart in approximately seven…
Heerema Marine Contractors said the Sleipnir, its newest semi-submersible crane vessel, has completed sea trials and crane load tests. During the sea trials all major systems performed according to specifications or better, the company said. When all eight thrusters were deployed, the vessel…
