Exploration

Global rigging activity reveals that Latin America takes the lead on growth within the oil and gas sector.

American Petroleum Institute President calls on US President to make course correction for America’s future

Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, has announced that it has drilled a well which is now flowing at commercially viable rates.

Spectrum has completed the reprocessing of approximately 9000 km of regional 2D seismic data from the Italian sector of the Adriatic Sea on a Multi-Client basis.

Spectrum has secured a significant 2D seismic acquisition capacity with Seabird for expansion of their Multi-Client library, together with a re-let agreement for Spectrum’s vessel, the GGS Atlantic.

Hays Oil and Gas have found that the majority of people do not believe that companies do enough to promote women into senior management positions.

South America is emerging as a growing world player in the oil and gas industry. With discoveries of new reserves across the continent, Brazil, Venezuela, Colombia, Chile, Peru and Argentina all look set to prosper.

Taryn Evans, AKE, takes a brief look at the differences between regions in terms of the threat posed to foreign personnel engaged in energy projects by kidnap and ransom.

Aker Solutions has secured a contract for subsea compression topside modifications of the Åsgard A and B platforms with Statoil. The contract value is approximately NOK 650 million.

Despite the risks, Russian oil is once more where the action is for Western firms, with a spate of high-profile deals inked in the first quarter of 2011.

Petrobras has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras’ fleet of subsea equipment installed in the Campos Basin offshore Brazil.

Mozambique, the East African country which has already proved its potential as a major contender for its oil and gas reserves, will be soliciting for bids to open up the area in the northern province for exploration.

Saipem has been awarded new E&C offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of US$ 1 billion.

Petrobras announces the discovery of a new oil accumulation in the Cretaceous reservoirs of the Espírito Santo Basin.

Exxon Mobil Corporation today announced two major oil discoveries and a gas discovery in the deepwater Gulf of Mexico after drilling the company's first post-moratorium deepwater exploration well.