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  1. Murphy anticipates deepwater Mexico block award

    Offshore staff EL DORADO, Arkansas -- Murphy Oil says a joint venture led by its Mexican subsidiary, Murphy Sur, was the high bidder and expects to be awarded block 5 during Mexico 's fourth phase, round one deepwater auction . Under the terms of the JV, Murphy will operate with a 30% interest in partnership with Petronas subsidiary PC Carigali Mexico Operations, Ophir Energy, and Sierra Offshore Exploration.         Block 5 is in the deepwater Salinas basin covering around 2,600 sq km (1,004 sq mi) and in water depths of 700-1,100 m (2,300-3,600 ft). The initial exploration period for the license is four years, with a work program commitment that includes one well. 12/9/2016

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    Online Articles

    Fri, 9 Dec 2016

  2. BHP, CNOOC, European majors among winners for Mexican deepwater blocks

    The final phase of Mexico’s first oil and gas bid round featured the awarding of eight of 10 deepwater blocks in the Gulf of Mexico to a variety of global operators. But a busy Dec. 5 began with Petroleos Mexicanos SA’s first farmout to the private sector since the country began energy reform in ...

    Online Articles

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    Mon, 5 Dec 2016

  3. US Gulf of Mexico rig count falls to 22

    The US Gulf of Mexico rig count decreased by one over the past week to reach 22. 

    Online Articles

    Online Articles

    Mon, 5 Dec 2016

  4. Aramco, Rowan form offshore drilling joint venture company

    Rowan Cos. PLC and Saudi Aramco have signed, through their respective subsidiaries, an agreement to create a 50-50 joint venture that will own, operate, and manage offshore drilling rigs in Saudi Arabia.

    Online Articles

    Online Articles

    Mon, 21 Nov 2016

  1. Rowan, Aramco to form offshore drilling joint venture

    Online Articles

    Online Articles

    Mon, 21 Nov 2016

  2. Rowan partners with Saudi Aramco to create a new offshore drilling company

    Rowan Companies plc and the Saudi Arabian Oil Company have signed, through their subsidiaries, an agreement to create a 50/50 joint venture to own, operate, and manage offshore drilling rigs in Saudi Arabia.

    Online Articles

    Online Articles

    Wed, 23 Nov 2016

  3. EIA process under way for Teodorico gas field offshore Italy

    The Italian Ministry of Economic Development has awarded Po Valley Energy a preliminary production concession for the 47-bcf Teodorico gas field in the northern Adriatic Sea.

    Online Articles

    Online Articles

    Thu, 1 Dec 2016

  4. Po Valley awarded production license for Teodorico field

    Po Valley Energy Ltd., Perth—with interests in northern Italy—has been awarded a preliminary production concession for its Teodorico gas field in the northern Adriatic Sea.

    Online Articles

    Online Articles

    Mon, 28 Nov 2016

  5. BP farms into drill-ready North Sea licenses

    BP has acquired interests in two exploration prospects in the UK North Sea.

    Online Articles

    Online Articles

    Mon, 28 Nov 2016

  6. Oil and Gas: Drill, baby, drill? Election reignites offshore-oil debate

    The controversy over drilling for oil in the Atlantic Ocean has been reignited by the election of Donald Trump, and environmentalists and coastal businesses say it could be the first major fault line that divides them from the new president.

    Online Articles

    Online Articles

    Thu, 24 Nov 2016

  7. Seadrill secures short-term contracts, newbuild delivery deferrals

    Seadrill has issued an update on its drilling rig fleet and market prospects for the offshore drilling industry.

    Online Articles

    Online Articles

    Tue, 22 Nov 2016

  8. Oil and Gas: Interior chief: Trump team hasn't contacted her department

    Interior Secretary Sally Jewell said Thursday that president-elect Donald Trump's transition team hasn't contacted her department and she doesn't know what his policy will be on managing public lands — a contentious issue in the West that has boiled over into armed confrontation in Nevada and ...

    Online Articles

    Online Articles

    Sat, 19 Nov 2016

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