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GE to power pre-salt semisubmersible drilling vessels The Brazilian national oil company Petroleo Brasileiro SA (Petrobras), Sete Brazil Participaçoes SA (Sete) and its contractor Keppel Fels do Brazil SA (Keppel) have selected GE’s Power Conversion electrical solutions to power and propel the first series of six semisubmersible drilling rigs. Petrobras is the operator imposing the key requirements […]

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ExxonMobil steps in liquids-rich Montney shale acreage October 2012, ExxonMobil announced to acquire the Canadian company Celtic Exploration (Celtic) for the amount of $3.15 billion. ExxonMobil has already a strong presence in Canada since the 1940s in beginning with offshore exploration and production  in Nova Scotia with the Sable project and in Newfoundland with Hibernia project. […]

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Waha Oil partners to revive Sirte basin production Waha Oil Company’s partners ConocoPhillips, Marathon Oil, Hess Corporation and the local National Oil Company are preparing large exploration production program to revive the oil and gas production in Libya. Within the Sirte basin, the Waha concession covers 13 million acres and includes three major projects : […]

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Oman prepare series of projects for PTA,PET and PIA The national oil company Oman Oil Company (OOC) and its 92% subsidiary Takamul Investment Company (Takamul) presented a program of new projects covering the petrochemicals, metals and mining sectors. OOC, as a wholly-owned company by the Government of the Sultanate of Oman is investing in the […]

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BASF to accelerate upstream business with Wintershall BASF‘s oil and gas subsidiary Wintershall from Germany and Statoil from Norway signed an agreement to swap strategic assets in the North Sea and establish a cooperation framework on the enhanced oil recovery (EOR) technologies. Home-based in Kassel, Germany, Wintershall is a BASF wholly-owned company operating upstream and midstream […]

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Rosneft to buy TNK-BP from BP and AAR for $55 billion On Monday 22nd, 2012, Rosneft makes double win over the TNK-BP internal disputes between its key stakeholders BP and Alfa-Access-Renova (AAR) in closing deal with both parties to take over their respective 50% shares. On Monday morning BP and Rosneft signed Heads of Terms […]

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Joined expertise to focus on subsea EPCI contracts Technip, the French engineering company, and Heerema Marine Contractors, the Netherlands-based offshore contracting and services company, have signed a global alliance to join their respective expertise on the ultra deep water business. Home-based in Paris, France, Technip is one of the largest engineering company in the world […]

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