A group of ex-FMC employees have teamed up with subsea installation player DeepOcean to found Optime Subsea Services, whose multiCompletionSystem (mCS) can provide up to 80% time and cost savings on subsea tree installations compared to traditional solutions…
Apache agreed to sell its Australian subsidiary Apache Energy Ltd. to a consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. for cash payment of $2.1 billion. With the sale, the company…
London’s Afren is appointing Roc Oil's former Chief Executive Officer (CEO) Alan Linn as its new CEO to take the place of Osman Shahenshah, who was terminated for “gross misconduct” in October 2014. Linn…
Apache Energy’s Phoenix area off Western Australia is estimated to contain 48-232 MMbbl of contingent and prospective recoverable oil, according to an independent technical advisor. Map from Carnarvon…
Fosun International subsidiary Transcendent Resources has almost completed its off-market takeover bid of Roc Oil. The Hong Kong-based Fosun announced that it has received acceptances of 92.595% of all existing Roc shares, which translates to 363…
dGB Earth Sciences launched its OpendTect 5.0, the latest version of its open source seismic interpretation software, at the Society of Exploration Geophysicists (SEG) 84th annual meeting in Denver. OpendTect 5.0 comes with significant…
CNOOC discovered oil in its second Beibu Gulf well, WZ12-10-2, in Block 22/12, off the southern Chinese coast. The shallow-water (36m WD) location is about 1.6km (1mi.) east-northeast of the WZ12-8W platform and about 3.2km west-southwest of the previously drilled discovery well…
CNOOC Ltd. began drilling the WZ12-10-2 well, the second and last of the two-well project in the Beibu Gulf Block 22/12, offshore China. Beibu map. From Horizon Oil. The exploration well is located 1…
State-run China National Offshore Oil Corp. (CNOOC) issued an exploration tender inviting foreign oil companies to bid for 33 oil and gas blocks. The gas blocks cover an area of 126,108sq km off east and southern China. CNOOC says…
CNOOC Ltd. began drilling at the WZ12-10-1 exploration well in the Beibu Gulf Block 22/12, offshore China. Map from Horizon Oil The well is located 4.7km east-northeast from Roc’s existing…
Roc Oil failed to find commercial hydrocarbons at the QK11-1-1 well in Bohai Bay, offshore China, reported joint venture partner AWE Ltd. The well was drilled to a total depth of 4377m measured depth and 3863 true vertical depth on 7…
Australian company AWE Ltd. and ROC Oil Company signed a farm-in agreement for AWE to acquire 40% working interest in Block 09/05, Bohai basin, offshore China. Map of Block 09/05. Image from ROC Under the terms of the farm-in agreement…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
Petronas' Bentara field in the Balai cluster risk service contract (RSC) area located offshore Sarawak, Malaysia saw its first oil production on 25 May. BC Petroleum developed and operates the field, which is expected to produce around 1000b/d…
Petronas has awarded a small field risk service contract (SFRSC) to EQ Petroleum Developments Malaysia Sdn Bhd (EnQuest) and Uzma Energy Venture (Sarawak) Sdn Bhd (Uzma) for the development and production of the Tanjong Baram field, located about 6km offshore Sarawak…
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