Exploration

Five years on, BP is set to pay a US$18.7 billion settlement for the Deepwater Horizon oil spill.

Petrobras authorises studies for public offering of Petrobras Distribuidora S.A. shares.

The American Petroleum Institute has promoted Steve Dodge to Executive Director of the Massachusetts Petroleum Council (MPC).

Petroleum Geo-Services has begun execution of a co-operation agreement with Spectrum and Schlumberger in Mexico.

With a target closing date of 31 July or earlier, TGS intends to acquire Polarcus’ multi-client library for a sum of approximately US$27.5 million.

A new production sharing contract will see a third party joining African Petroleum and Petroci in Block CI4513 in Côte d’Ivoire.

OneSubsea has been awarded a contract for the supply of subsea trees at the Shah Deniz Two development in Azerbaijan.

Civil conflict has left Syria’s energy sector ‘in turmoil,’ according to the US Energy Information Administration.

Despite an unfavourable operating environment from the beginning of the year, Rosneft demonstrated stability in terms of key production, processing and commercial indicators.

The agreement is with Baker Hughes’s Reservoir Development Services group.

Depth domain inversion services improve reliability and reduce uncertainty through amplitude inversion.

Rosneft signed a record breaking 58 agreements at the XIX St Petersburg International Economic Forum for a total sum of US$293.4 billion.

Dolphin Geo is set to continue long lasting seismic operations in Australia on the North West Shelf by initiating a 3D sharp broadband multi-client survey.

Services reliably illuminate complex geology and reduce uncertainty through amplitude inversion.

The US Energy Information Administration has commented that refiner margins are unable to fully offset low upstream earnings for integrated oil companies.