RWE Dea has signed a farm-in agreement with Petronas Suriname E&P BV, acquiring a 40% interest in the Block 52 license off Suriname. Under the farm-in agreement which is subject to completion, RWE Dea will acquire a 40% stake in the 4743sq km license鈥
Brazilian independent OGX Petróleo e Gás Participações S.A. (OGX), has entered into an agreement with PETRONAS Brasil E&P Ltda (Petronas) to sell a 40% non-operating work interest in BM-C-39 and BM-C-40 blocks, located in the Campos Basin鈥
As FLNG starts to take off on a large scale, a consortium of companies is looking to make it a more cost effective and compact proposition. A consortium of companies has designed a new floating LNG (FLNG) system specifically aimed at small to mid-size gas fields鈥
E&P companies are ramping up exploration of deepwater and ultra-deepwater reservoirs, encouraged by attractive oil prices. New developments spread across offshore Africa, Asia Pacific, Europe, Middle East and North and South America. Jeannie鈥
Lebanon's Petroleum Administration has revealed the results of a pre-qualification process to select companies who will be able to bid in its first offshore exploration round. Of 54 companies applying to take part, 46 have been approved to bid in the round鈥
The FPSO market appears to be emerging from the economic downturn stronger than ever, with new project awards and forecasted capital expenditure expected to gain momentum throughout the next five years. While challenges certainly remain鈥
Alam Maritim Resources Berhad announced that its wholly owned subsidiary, Alam Maritim (M) Sdn Bhd, based in Kuala Lumpur, has accepted the award from Petronas Carigali Sdn Bhd, Peninsular Malaysia operations to provide two offshore support vessels (OSVs) to support Petronas鈥 drilling campaign鈥
Optio trains workforces Opito International has been awarded a contract with Shell to support the development of training for workers on the Majnoon project. The company will help improve vocational training centers in Basra, training Iraqis to industry expectations and Opito standards鈥
Red Spider鈥檚 remote open close technology, eRed, has been deployed in Malaysia and Vietnam. Working with Petronas in Malaysia, eRed removed wireline runs from completion operations, and reduced wireline interventions in a highly deviated well鈥
McDermott will supply platforms and flowlines McDermott's Batam Island facilitiesMcDermott International's Indonesian subsidiary has been awarded a contract by PC Muriah Ltd., an affiliate of PETRONAS Carigali Sdn. Bhd., to develop offshore鈥
BC Petroleum (a ROC, Dialog Group and Petronas venture) discovered 87m of hydrocarbon pay in multiple zones of the Balai-2 well off east Malaysia. Drilled to 2266m TD, Balai-2 targeted a shallow carbonate reservoir and a deeper series of stacked sandstone reservoirs鈥
Prime Minister Stephen HarperCanada grants approval for Nexen, Progress grabsThe Canadian government announced on Friday that it would approve two controversial investments in local firms by foreign state-owned companies.Minister of Industry鈥
Shawn Rice and Joe Gagliardi (center) accepted the award for ION. Presenting the award are OTC Board of Directors Chairman Steve Balint (left), Shell, and OTC Board of Directors member Joe Fowler (right).Igor Kolesnikov and Svetlana Kamaeva (center) accept the award for Transkor鈥
GE Oil & Gas will deliver its gas turbine-driven compressor train technology for a Petronas FLNG project slated for startup in 4Q 2015 offshore Malaysia. To be Asia鈥檚 first FLNG project, the facility will be moored about 180km off the coast of Bintulu鈥
Lundin Petroleum has commenced the fourth well in its 2012 Malaysian drilling campaign with the spud of Tembakau-1 exploration well in PM307 Block, offshore east coast Peninsula Malaysia.The well will target hydrocarbons in Oligocene and Miocene鈥
