Schlumberger and Eurasia Drilling (EDC) entered into an agreement in which Schlumberger will acquire 45.65% interest in EDC in a US$1.7 billion deal. The agreement extends the successful long-term relationship enjoyed by the two companies within the strategic alliance signed in 2011鈥
ExxonMobil began production at the Arkutun-Dagi field, off Russia. Image of the Arkutun-Dagi topside. Arkutun-Dagi is part of the multi-billion-dollar Sakhalin-1 project, which also鈥
Gazprom Neft鈥檚 subsidiary, Gazpromneft Sakhalin has been awarded subsoil-use rights to two blocks in the Russian Arctic. Image from Gazprom Neft. The first block, the Severo-Zapadniy (North East) block is located on the Pechora Sea shelf鈥
Full Tensor Gravity Gradiometry (FTG) is aiding prospect evaluation in a formerly disputed zone of the Barents Sea, adjacent to the Norwegian-Russian border. Dr. Stephen Rippington, Dr. Neil Dyer, and Chris Anderson explain. Fig鈥
Arctech Helsinki Shipyard has moved into full Russian ownership after United Shipbuilding Corporation bought the other half of the company's shares from STX Finland. Finland based Arctech Helsinki Shipyard was founded in December 2010鈥
Gazprom has agreed to buyout its South Stream Transport partners Eni, Wintershall and EDF just weeks after the project, which was already in construction phase, was cancelled. South Stream Transport was owned 50% by Gazprom, with Eni holding 20%鈥
Russian gas giant Gapzrom is to work with state-owned RUSNANO, a nanotechnology technology commercialization outfit, to develop new technologies and help substitute imported products into Gazprom's production facilities. The firm has also signed agreements with Russian pipe manufacturers鈥
For Western-based service companies whose products or personnel were at work in the waters off the Russia, projects that were already complex by virtue of the location became substantially more so with the recent Western sanctions against the Russian Federation鈥
ExxonMobil received consent from the Petroleum Safety Authority Norway (PSA) to use the West Alpha semisubmersible drilling rig on the Balder field, in the central North Sea. The West Alpha. From North Atlantic Drilling鈥
Saipem received a 'notification of suspension of marine spread activities,' which covers all vessels currently engaged in activities related to Gazprom鈥檚 South Stream pipeline project, including the Saipem 7000 J-Lay vessel. Image鈥
Russian authorities confirmed the reserves in the Pobeda oil and gas field, located on the Kara Sea shelf, Rosneft announced. The field was discovered through the Universitetskaya-1 well. The gas reserves were discovered in the chalk deposits of Cenomanian Age and Apt-Alb Age鈥
The ExxonMobil-Rosneft joint venture Karmorneftegaz SARL notified Norway's Siem 云顶赌场老虎机 that it has terminated Siem's contract for the 2015 season. The contract involves the charter of two AHTS vessels Siem Topaz and Siem Amethyst, and one PSV Siem Pilot鈥
Russian President Vladimir Putin said that Russia will discontinue current plans for the South Stream pipeline, citing continuing opposition from Europe, specifically Bulgaria. Instead, he announced preliminary plans to create a gas hub for southern Europe at the Turkish-Greek border鈥
OE spoke with experts from CGG and Ion Geophysical to ascertain where the next frontiers of future offshore oil and gas exploration will be located. These areas are certain to blossom over the next five years. Here鈥檚 how the experts answered鈥
Russia's Gazprom Neft and state-owned PetroVietnam have begun exclusive talks to potentially cooperate in the development of the Dolginskoye field, located about 75km off the Russian coast in the Pechora Sea. Gazprom Neft said in a statement鈥
