Argentina Prepares For Shale Boom With Energy Law Overhaul

The bill could triple the country’s oil and gas production in the next 20 years.

DONG Divests Interest In Edradour Field

DONG Energy has agreed to divest 5% of the U.K. Edradour Field to Total E&P U.K. Ltd., which when completed results in an aligned DONG Energy participation of 20% in the four U.K. West of Shetland fields, Laggan, Tormore, Edradour and Glenlivet, a news release said.

Shell Appoints New Board Chairman

Charles Holliday will succeed Jorma Ollila who will step down from the board, effective at the end of the meeting, having served as chairman for nine years.

Eni Makes 1 Bboe Presalt Find Offshore Congo

The well encountered a significant accumulation of light oil in the Lower Cretaceous-age presalt sequence, passing through an hydrocarbon column of 420 m (1,378 ft). 

Kongsberg Acquires Tasks For Gas Hydrate Project

Kongsberg Maritime Embient, with KONGSBERG partner company Contros Systems and Solutions, have been selected to develop and deliver technologies and strategies for environmental monitoring during gas hydrate E&P as part of the EU Submarine Gas Hydrate Reservoirs (SUGAR) project, according to a news release.

Eni, Pemex Sign Cooperation Agreement

The agreement establishes the basis for cooperation and knowledge sharing in the upstream, midstream and downstream areas, according to a news release.

Searcher Seismic Wins Multiclient Campaign In Australia

Searcher Seismic in cooperation with BGP has won a major multiclient campaign consisting of three separate surveys.

InterMoor Completes Spar Decommissioning Contract

InterMoor, an Acteon company, has successfully completed its contract supporting the decommissioning of Anadarko Petroleum Corp.’s Red Hawk spar in the Gulf of Mexico.

Kurdistan Approves Akri-Bijeel FDP

The field development plan for the Akri-Bijeel Block in Kurdistan has been officially approved by the Minister for Natural Resources.

Noble Corp.’s Almanza Resigns From Board

The company has commenced a search for his replacement.

Survey Confirms Viability Of Leads In Chad

ERHC's sub-contractor, Bridgeporth Ltd., a specialist geosciences company, has completed the survey that began earlier this month.

OPEC Says Shale Oil Drillers First To Suffer From Price Drop

​Shale oil drillers will be hurt by the fall in crude prices before members of OPEC because their costs are higher, according to the group’s Secretary-General.