Rialto Energy (Cote d鈥橧voire) Ltd signed a memorandum of understanding (MOU) with the Cote d鈥橧voire Ministry of Oil & Energy, the state owned oil & gas company PETROCI, and Vitol E&P to replace the existing production sharing contract (PSC) for Block CI-202 with a new PSC on amended terms鈥
A key differentiator in the proposed energy reform introduced by Mexico鈥檚 ruling party, the PRI, is its populist slant, according to a panel of speakers at a seminar hosted by law firm Mayer Brown, which explored the details of the reform鈥
The North Caspian Operating Company (NCOC), on behalf of the North Caspian Sea PSA consortium, has said the first well was opened and the initial volumes of oil are being produced from the Kashagan field. The first phase of production is from eight wells on an artificial island complex鈥
Norway鈥檚 offshore region covers 2.04 million sq km and is split into five areas: the northern, southern and central parts of the North Sea, the Norwegian Sea and the Barents Sea. Over the five regions, there have been 1400 exploration wells drilled since 1966鈥
Scandinavia鈥檚 oil and gas industry, focused on Norway and Denmark, is expecting a resurgence. Espen Erlingsen looks at trends in the sector. The North Sea is characterized by large, producing platforms with declining production. To stop the falling production in the North Sea鈥
The Danish offshore is a mature oil and gas province with 40 years of production, but the Danish Energy Agency鈥檚 latest annual report,* says that the country is expected to remain a net exporter of oil through 2020, while gas production is鈥
The International Association of Drilling Contractors (IADC) announced the formation of the Well Control Institute (WCI), a new industry body which will provide the drilling industry with a single, universal well control training and assessment standard鈥
Rosneft and ExxonMobil have commenced the contractor selection process for design and engineering work at its proposed LNG project in the Russian Far East, Rosneft announced. In 2013-2014 Rosneft and ExxonMobil plan to complete design work鈥
Express Energy Services has created a short film, Left Undone, as part of its contribution to safety in the energy industry. The movie aims to educate and inform oilfield workers on the hazards and safety procedures in the event of hydrogen sulfide (H2S) exposure while working on a well site鈥
Sulzer Pumps will supply 42 pumps for installation on two floating production storage and offloading (FPSO) vessels (P-66 and P-69) that will operate in the pre salt Iracema cluster areas located in the Santos Basin, off the coast of Rio de Janeiro鈥
Australia's Woodside Petroleum announced that it will recommend using Shell's floating LNG (FLNG) technology to develop and commercialize the Browse gas fields. Selecting FLNG as the development concept requires the approval from the鈥
Golar LNG Ltd will provide the Kuwait National Petroleum Company (KNPC) with floating storage and regasification (FSRU) services to support their LNG import operations at Mina Al Ahmadi. The contract will be for an initial period of five鈥
The United States Energy Information Administration (EIA) issued news release on 9 August with its forecast that China's net oil imports will exceed those of the U.S. by October 2013 on a monthly basis, and by 2014 on an annual basis, making China the largest oil importer in the world鈥
Noreco has announced that due to a defect gas compressor, the Ula field in the Norwegian North Sea, will not be able to receive and process production from satellite fields, the field's operator, BP, has informed. This means that the Oselvar field will also be shut down鈥
International Maritime Associates (IMA) and Energy Maritime Associates (EMA) have completed an in-depth analysis of the floating production sector. The inventory of floating production systems is now at 269 units 鈥 FPSOs account for 61% of the existing systems鈥
