Italian exploration and production major Eni is joining Chevron, Woodside, Ophir Energy and India's Reliance Industries, in gearing up for exploration activities offshore Myanmar after signing two production sharing contracts (PSCs). All the companies have been awarded PSCs off the country…
Petróleos Mexicanos (Pemex) and India’s Reliance Industries (RIL) signed a memorandum of understanding (MOU), in which both companies will explore business opportunities in exploration, production, refining and industrial processing in Mexico…
The government of Myanmar (Burma) has named Chevron, BG Group, Statoil, Woodside Energy, Shell, and ENI, among others, as selected candidates for its 2013 offshore licensing round. The move follows the lifting of Western sanctions in 2012…
Oil and Natural Gas Corp. (ONGC) will invest US$9 billion to bring into production several oil and gas discoveries in the Krishna-Godavari basin off India’s east coast. The investment is expected to be complete by 2017-2018.The company has made 11 discoveries in Block KG-DWN-98/2…
Total has signed an exploration and production-sharing agreement for deepwater Block 41 with Oman's Ministry of Oil & Gas, the company announced today. The block is off the northern Omani coast, northwest of the capital, Muscat. It spans 23…
Twenty-one companies have dropped out of the final cycle of bidding in the Myanmar offshore license round, Reuters news service reported on Friday. The licensing round offers 30 offshore areas, including 11 shallow water blocks and 19 deepwater blocks…
Keppel Corporation and the National University of Singapore have agreed to set up the Keppel-NUS Corporate Laboratory, with backing from the National Research Foundation (NRF), to develop technological solutions for the offshore industry…
BP has selected a new head of exploration to replace Mike Daly, who is leaving BP at the end of 2013 after 28 years with the company. Richard Herbert returns to BP after serving as executive vice president at Talisman Energy since 2009…
Reliance Industries (RIL) and BP have made a second deepwater gas condensate discovery in the Cauvery basin offshore India. The discovery, named D-56, was made in well CYIIID5-S1 on Block CY-DWN-2001/2, in 1743m water depth, 62km off the coast…
Rowan Companies plc entered into a three-year contract with Cobalt International Energy, L.P. for the Rowan Reliance, a new ultra-deepwater drillship currently under construction at the Hyundai Heavy Industries Co. Ltd. (HHI) shipyard in Ulsan…
Reliance Industries Ltd. (RIL) and partner BP, have discovered gas and condensate in the KG D6 block in the Krishna-Godavari field off the eastern coast of India. The KGD6-MJ1 well was drilled in a water depth of 1024 m, and a total depth of 4509 m…
Reliance Industries and BP plan to invest US$5 billion in deepwater gas development of the KG D6 block over the next three to five years. The plan proposed will develop about 4tcf of discovered natural gas reserves. The partners plan to optimize KG D6 through compression and water handling…
BP & RIL plan US$5 billion investment on KGD6KG D6 onshore facilities (Image: Niko Resources Ltd.)Reliance Industries Ltd. (RIL) and KG D6 block partner BP plan to invest US$5 billion in the deepwater gas development over the next three to five years…
An INTECSEA-led joint industry project headed by former Shell subsea specialist Ian Ball is looking to pave the way for increased step-outs, enhanced recovery and improved economics on upcoming subsea developments in arctic and sub-arctic waters…
Turbulent times in the oil & gas sector will be the backdrop for this year's two premier offshore industry events – Houston's annual Offshore Technology Conference in May and Aberdeen's SPE Offshore Europe gathering in September. But that's…
