Exploration

Total and Lukoil have created a joint venture to explore and develop the tight oil potential of the Bazhenov play in Western Siberia.

Hess Corporation announced the sale of its retail business to Marathon Petroleum Corporation for US$ 2.6 billion.

Aqualis has won several new construction supervision, transportation and installation, and marine warranty contracts in Asia.

SOFEC has delivered five Catenary Anchor Leg Mooring (CALM) Buoys to PEMEX.

Weatherford, Sinopec and Shengli Highland Petroleum Equipment have agreed to form a new equity joint venture company in China.

A new report is expected to reveal huge oil reserves in the South of England.

MDT International has secured contracts to the value of £1 million in the last three months.

Hardide Coatings has completed its first ROV application for Seatronics with exceptional test results resulting in improved performance.

The Brookings Institute outlines the importance of new global export strategies in order to ensure continued economic growth.

The innovative walking jack-up platform WaveWalker 1 was presented with the GE Product and Equipment Innovation Award.

The Canadian oil and gas industry announces 2014 environment, social, health and safety awards.

API comments on the NDPC report that says Bakken crude is like other light crudes and meets current safety requirements for rail shipment.

A new study from the North Dakota Petroleum Council has show that Bakken consistency is similar to other light sweet crudes.

The Obama administration is considering lifting or easing restrictions on exporting crude oil.

Essar Oil has reported revenue growth of 10.7% for the 2014 financial year.