Baker Hughes, a GE company, announced the newest launch of its Bently Nevada Business business unit. Bently's Orbit 60 Series is its next-generation condition monitoring and protection platform. The Orbit 60 series is • a new system that connects to flagship machinery management software...
Turkey, the country with the longest shore in the Mediterranean, has on every possible occasion conveyed its commitment to the protection of its sovereign rights in the Eastern Mediterranean and the rights of the Turkish Cypriots. Following the European Union Foreign Affairs Council decision on late Monday to implement...
Greek Cyprus on Tuesday rejected a proposal by the Turkish Republic of Northern Cyprus (TRNC) to establish a cooperation mechanism to address sharing of hydrocarbon resources in the Eastern Mediterranean. TRNC President Mustafa Akıncı presented the proposal through the United Nations last week, calling for the joint use of Cypriot...
Mexico's regulator has approved Shell's exploration plans for four deepwater areas, after it gave the green light to five others earlier this week, committing Royal Dutch Shell to invest at least $791 million. The plans stipulate that Anglo-Dutch Shell could invest up to $1.06 billion in the four blocks, mostly...
Royal Dutch Shell announced that production has started at Appomattox floating production system months ahead of schedule, opening a new frontier in the deep-water U.S. Gulf of Mexico. Appomattox, which currently has an expected production of 175,000 boed, is the first commercial discovery brought into production in the deep-water...
The president of the National Oil, Natural Gas and Biofuels Agency (ANP), Décio Oddone, said in late May that “there is room” for the postponement to 2020 of at least one of the three major oil auctions for the second half of this year. “Three auctions in the same semester...
Greek Cypriot energy minister says energy companies will drill in search of natural gas in waters off the east Mediterranean island’s southern coast at eight separate sites over the next two years. Speaking at a presentation of his ministry’s works between March 2018 and April 2019 Georgios Lakkotrypis said Tuesday...
ENI has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well was drilled on the Ndungu exploration prospect. The new discovery is estimated to contain up to 250 million barrels of light oil in place, with further upside. The Ndungu-1 NFW well is located...
China’s CIMC Raffles has confirmed it has signed a two-year contract with CNOOC for the lease of the giant ultra-deepwater semi-submersible drilling rig, the Bluewhale I. To remind, Offshore Energy Today reported on the deal back in late March – based on data from Bassoe Offshore – however, it was...
With interest high in oil and gas opportunities offshore Brazil, the country known for its deep water and huge presalt reserves is preparing for another set of auctions this year. Investors will have plenty of opportunities to take part in strengthening Brazil’s energy sector. The main one, according to Marcio...