Schlumberger Oilfield Holdings Ltd., a wholly owned subsidiary of Schlumberger Ltd., has agreed to enter a guilty plea and to pay a $232,708,356 penalty to the U.S. for conspiring to violate the International Emergency Economic Powers Act by willfully facilitating illegal transactions and engaging in trade with Iran and Sudan.
ION Geophysical has announced the completion of the seismic acquisition stage of the company's NamibiaSPAN program, which extends the full length of Namibia's offshore continental margin.
Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell, has completed the sale of its 30% interest in OML 18 and related facilities in the Eastern Niger Delta.
YATELEY, United Kingdom -- Sonardyne International Ltd. has been awarded a multi-million pound contract by UTEC, an Acteon company, to supply Fusion 6G acoustic positioning technology for the Moho Nord subsea project, 75 km off the coast of Congo.
Mubadala Petroleum has signed an agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to carry out an evaluation of the hydrocarbon potential of a large area offshore Morocco’s Mediterranean coast.
LONDON -- NewAge (African Global Energy) Ltd. has taken over operatorship, from Euroil (a subsidiary of Bowleven plc), of the Etinde Exploitation Authorization Area, formerly Block MLHP7, offshore Limbe in southwest Cameroon.
Algeria is seeking to coordinate a global response from oil-producing nations to tumbling prices, Algeria Press Service reported, citing Energy Minister Youcef Yousfi. Crude fell to a six-year low in New York on Monday.
JDR, a provider of technology connecting the offshore energy industry, has expanded its footprint by establishing a new service and maintenance facility in Port Harcourt and Lagos, Nigeria in partnership with Royal Niger Emerging Technologies.
GE has announced the booking of an $850 million order across its oil and gas business for the supply of equipment to the Offshore Cape Three Points (OCTP) Block, Ghana.
Eni has completed post-drilling studies on the Merakes-1 gas find, in Indonesia’s deepwater East Sepinggan Block, which indicate significant upside gas potential. Eni is the operator of the block with an 85% interest.
Chariot Oil & Gas Limited has completed its 2D seismic survey in its Central Blocks 2312 and 2412A offshore Namibia, in conjunction with its partners AziNam (20%), NAMCOR (10%, carried interest) and Ignitus (5%, carried interest).
RAK Petroleum announced Monday that the Marlin North-1 well drilled by Foxtrot International LDC offshore Côte d'Ivoire flowed gas and oil from the Turonian and Lower Senonian intervals, neither of which had previously tested hydrocarbons on Block CI-27.
Energy development will bring economic progress to the emerging nations of East Africa
LONDON -- BP Egypt announced another gas discovery in the North Damietta Offshore Concession in the East Nile Delta on Monday.
BP announced Friday that it has signed the final agreements of the West Nile Delta project to develop 5 Tcf of gas resources and 55 MMbbl of condensates with an estimated investment of around $12 billion by BP and its partner.
Oil rose in London after Libya suspended its obligation to deliver supplies from 11 oil fields amid clashes between guards and Islamist militants. Prices gained in New York as inventory growth at the largest U.S. storage hub slowed.
DUBAI -- Polarcus has received an award from an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus' RightBAND technique for broadband data acquisition.
Tullow Oil Plc, an energy explorer in Africa, fell to a one-month low in London trading after saying Ghana could be ordered to suspend drilling in an offshore area where it operates.
Maersk Drilling has been awarded a contract from Eni Ghana Exploration and Production Ltd., an Eni subsidiary, for employment of the newbuild drillship Maersk Voyager.
Kosmos Energy’s CB-1 exploration well, in the Cap Boujdour permit area offshore Western Sahara, has encountered hydrocarbons. The well penetrated approximately 14 m of net gas and condensate pay in clastic reservoirs over a gross hydrocarbon bearing interval of approximately 500 m. The discovery is non-commercial, and the well will be plugged and abandoned.