Daily Archives: May 3, 2016

ION’s OceanGeo mobilizes crew for survey in Nigeria

Rate this article By Offshore Energy Today Seismic data acquisition specialist ION Geophysical has informed that its Ocean Bottom Seismic (OBS) company, OceanGeo, is mobilizing its vessels and crew to conduct an OBS survey offshore Nigeria. This is good news for ION, who in 2015 saw a drop in total revenues of 57% compared to…

PHMSA working to address gas storage problems, administrator says

Rate this article The US Pipeline & Hazardous Safety Administration is moving ahead with the US Department of Energy to address natural gas storage problems exemplified by the late-2015 leak at Southern California Gas Co.’s Aliso Canyon facility near Los Angeles that took months to stop, PHMSA Administrator Marie Therese Dominguez said. Read Full Article…

Anadarko posts $1 billion first-quarter net loss

Rate this article Anadarko Petroleum Corp. recorded a first-quarter net loss of $1.034 billion compared with a fourth-quarter 2015 net loss of $1.25 billion and a first-quarter 2015 net loss of $3.268 billion. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

OTC 2016: Egypt posed for growth to meet growing energy demands

Rate this article As Egypt’s dependency on gas increases, particularly electricity, the country is in the midst of restructuring to meet its energy demands as well as becoming a regional energy hub, commented Tarek El Molla, Egypt’s Minister of Petroleum and Mineral Resources, at OTC. Read Full Article Here For more great articles: Offshore RSS…

OTC: Mexico implementing energy reforms, stressing transparency

Rate this article Mexico plans to issue updates on its bidding process on May 15 for its Round 1 fourth bid involving deepwater and ultradeepwater blocks, panelists told a May 3 session of the Offshore Technology Conference in Houston. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Swap deal to boost Statoil’s stake in Lundin

Rate this article Statoil ASA has agreed to divest its entire 15% interest in Edvard Grieg field on PL338 offshore Norway to Lundin Petroleum AB in exchange for an increased shareholding in Lundin. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest