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About OilField Directory and OilGas Marine News

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Undersecretary of Energy UAE HE Dr Matar Hamed Al Neyadi

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Ms Renu Gihar (RG), MD of OilGas News Marine Publications FZE in Association with Oilfield Directory speaking to Undersecretary of Energy, UAE, HE Dr Matar Hamed Al Neyadi.

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Oil and gas finds lift western Indian Ocean prospects

(Seychelles News Agency) - “Western Indian Ocean is increasingly becoming a hot spot as reflected by the numerous discoveries of oil and gas resources in the sub-region. From Mozambique to Somalia, energy resource discoveries are drawing global attention,” says Dr Carlos Lopes, the Executive Secretary of the United Nations Economic Commission for Africa (UNECA) in reference to the hydrocarbon bonanza which has gripped the region.

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Marathon Oil Announces $2.7 Billion Sale of Norway Business

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Marathon Oil Corporation (NYSE: MRO) announced today that it has entered into a definitive agreement with Det norske oljeselskap ASA under which Det norske will purchase Marathon Oil's wholly owned subsidiary, Marathon Oil Norge AS, for a total transaction value of $2.7 billion. After adjustment for debt, net working capital and interest on the net purchase price, Marathon Oil expects net proceeds of approximately $2.1 billion at closing. The effective date of the transaction is Jan. 1, 2014.

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Seadrill secures commitment for newbuild ultra-deepwater unit West Jupiter

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Seadrill Limited ("Seadrill") has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria.

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