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Oct 2014

  • 3D Oil begins gas hunt in offshore Otway basin

    3D Oil begins gas hunt in offshore Otway basin MELBOURNE, Australia Polarcus Asima has recieved a contract from 3D Oil to acquire the Flanagan 3D seismic survey in its T 49P Permit in the Otway basin, offshore eastern Australia. The

    Exploration, Offshore, Australia Read More

Oct 2014

Sep 2014

  • ‘Worst case’ BP ruling on Macondo means billions more in fines

    NEW ORLEANS (Bloomberg) -- BP Plc faces billions more in potential penalties after a judge found it acted with gross negligence in the 2010 Gulf of Mexico oil spill, dealing a blow to the company’s efforts to expand its drilling program as costs rise and production slips. In a turning point after four years of legal wrangling over responsibility, U.S. District Judge Carl Barbier’s ruling laid the bulk of the blame on BP for the explosion, which killed 11 men and caused the largest offshore oil spill in U.S. history. Acting with gross negligence means BP will be exposed to as much as $18 billion in additional government fines and penalties. The London-based company has spent more than $28 billion on the accident so far.

    Industry Overview, Offshore, Deepwater, North America Read More

Aug 2014

  • 2014 seismic acquisition complete, NPD says

    STAVANGER, Norway -- The Norwegian Petroleum Directorate has had a successful seismic season, which wound up Aug. 19. About 5,600 km of 2D seismic has been acquired in the northern Barents Sea since July 18.

    Exploration, Offshore, Europe Read More

Aug 2014

Aug 2014

Jul 2014

  • 21 million acres up for grabs in U.S. GOM lease sale

    WASHINGTON, D.C. -- Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank has announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.

    Exploration, Industry Overview, Offshore, Deepwater, North America Read More

Jul 2014

  • 8over8 releases update of contractual risk management solution

    LONDON -- International software firm 8over8 Ltd. has launched ProCon 2014, the latest release of its flagship contractual risk management solution. ProCon 2014 enables owner-operators of large capital projects to establish a commercial firewall against value leakage from mismanagement of unforeseen change orders, missed contractual obligations and poor interface management of the portfolio of capital project contracts.

    Industry Overview, Offshore, Onshore, Europe Read More

Jul 2014

Jul 2014

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