Exploration

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.

Kosmos Energy announces today that the company’s Banda-1 exploration well has discovered oil offshore the Republic of Ghana on the West Cape Three Points Block.

Laura Severs, Edmonton Economic Development Corporation, Canada, discusses the Edmonton service area and its growing status as the world’s most politically stable oil reserves.

Is there a risk that Papua New Guinea's newfound LNG wealth could be a fuel for civil disorder as rival groups scramble for control of resources?

Nacap sold to Habau; business efforts to be combined.

BG Group, BP, Chevron, ConocoPhillips, ExxonMobil, Petrobras, Shell, Statoil and Total have signed an interim agreement to jointly develop well-capping technology.

The President’s plan includes increased development in the Gulf of Mexico and Alaska, as API recognises the strategy as progressive, but with significant limitations.

API believes that the new study understates the potential damage that would be caused should taxes on the US oil and gas industry be raised.

The program for the annual event held in Denver, Colorado on May 24 – 27 is released.