Exploration

Rosneft closes the deal for the acquisition of oil field services from Weatherford International.

Osum Production Corporation has completed the purchase of the Orion Oil Sands Project from Shell Canada for CAN$ 325 million.

KBR has announced strong bookings in its hydrocarbons and IGP segments for the second quarter of 2014.

A new report from Fitch Ratings has said that exploration and production costs did not put pressure on oil prices in a meaningful way in 2013.

Oando Energy Resources has completed its acquisition of ConocoPhillips’ Nigerian oil and gas business.

TGS has reported net revenues of US$ 205 million in Q2 2014, compared to US$ 210 million in Q2 2013.

Hess Corporation has reported net income of US$ 931 million for the second quarter of 2014.

William J. Antholis of the Brookings Institute discusses India’s climate change policy in a Modi government.

TGS has announced three new multi-client surveys, offshore Australia, New Zealand and in the West of Shetland region.

Jeffrey Sachs, Professor of Sustainable Development at Columbia University, outlines the importance of a new approach to climate change.

While exploration activity in Africa is at its highest level ever, the continent remains largely unexplored.

OPITO makes travelling to work offshore in the Gulf of Mexico safer with new survival training standard.

API has published new guidelines for the design, manufacture and use of subsea capping stacks.

Oil prices play an important role in determining whether the additional production resulting from applying EOR to old fields is sufficient to make it feasible.

The global market for oilfield process chemicals is set to reach US$ 9.7 billion in 2019, according to BCC Research.