Oil & Gas

Chevron, ExxonMobil and API RP 17N Committee join major Subsea Integrity Talks

With the Subsea Industry set to double its annual size from $30bn to $60bn in the next 5 years, the industry requires a robust & systematic subsea integrity management strategy. Developments within the subsea arena are moving rapidly: the...

Turkey to collaborate with Exxon Mobil to explore oil in Iraq

A Turkish firm will form a partnership with the Kurdistan Regional Government (KRG) and Exxon Mobil to carryout oil exploration in northern Iraq. According to Turkish industry sources, Turkish Petroleum International Company (TPIC), an...

BP to ask for UK PM’s help as Gulf oil spill costs rise

UK-based energy firm BP is said to be considering asking UK Prime Minister David Cameron to intervene over the spiralling cost of compensation that US companies are demanding, in connection to the damages caused by the 2010 Gulf...

Simba to farm-out 66% interest in onshore Block 2A in Kenya

Canada-based oil and gas explorer Simba Energy has inked a memorandum of understanding (MOU) with a privately-owned oil and gas company Ajax Exploration, to farm-out 66% interest and operatorship of its 10% owned Block 2A, onshore Kenya. ...

Africa Oil begins drilling of Etuko well in Block 10BB, Kenya

Canada-based oil and gas company Africa Oil has announced that Tullow Oil has begun drilling of an exploration well in the Etuko (formerly Kamba) prospect located in Block 10BB, Kenya. Tullow Oil is the...

Statoil, Exxon Mobil to jointly develop Julia oil field in Gulf of Mexico

Norway-based oil and gas company Statoil Petroleum along with its partner Exxon Mobil has announced to begin the development of Julia oil field in the Gulf of Mexico. The Julia oil field situated about...

Lundin Petroleum tests Luno II oil discovery in North Sea

Sweden-based independent oil and gas exploration and production company Lundin Petroleum through its wholly-owned subsidiary Lundin Norway has tested the Luno II oil discovery in the North Sea sector of the Norwegian Continental Shelf (NCS). ...

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