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OE Daily: 2017 / March

Nigerian-based South Atlantic Petroleum (Sapetro) and Houston-based Hyperdynamics have agreed to a farmout, allowing Sapetro to pick up 50% participating interest in the production sharing…
Thursday, 30 March 2017 10:10

WoodMac: Deepwater gaining on tight oil

The US Gulf of Mexico is leading the way to a leaner and more cost-competitive deepwater industry as it emerges from the downturn, with the…
Thursday, 30 March 2017 08:50

Updated: Exxon in fresh Guyana discovery

ExxonMobil has confirmed a new discovery offshore Guyana at the Snoek well, as the supermajor continues its efforts in the area by drilling the Liza-4…
Thursday, 30 March 2017 08:08

Petrobras axes Karoon deal

Petróleo Brasileiro (Petrobras) has canceled its deal with Karoon Gas Australia for a stake sale in the Baúna and Tartaruga Verde oil fields offshore Brazil,…
Wednesday, 29 March 2017 13:50

Pioneering Spirit conducts stinger testing

Allseas’ Pioneering Spirit is in the process of testing new equipment, as the mega vessel readies for the decommissioning of Shell’s Brent Delta in the…
Wednesday, 29 March 2017 07:14

Exxon sells Norway upstream business

Newcomer Point Resources has entered the playing field as a mid-sized Norwegian exploration and production (E&P) company, signing a deal with ExxonMobil to acquire the…
Carnarvon Petroleum has increased its resource estimates by 32% at Quadrant Energy’s Phoenix South discovery offshore Western Australia, with hopes of reaching 1Tcf of gas…
Monday, 27 March 2017 14:53

Cairn hits oil at VR-1 off Senegal

Cairn Energy has encountered oil at the Vega-Regulus (VR-1) well offshore Senegal, marking the company’s eighth successful well in the area since 2014. The Stena…
Monday, 27 March 2017 12:18

BP in third Egyptian gas find

BP has scored again with a third gas find at the North Damietta Offshore Concession in the East Nile Delta, Egypt, the supermajor said today…
Statoil submitted development plans for two Norwegian Sea fields that are set to come onstream in 2020, with an investment of some US$2.3 billion (NOK…
Fractured basement explorer Hurricane Energy is closer to proving its Halifax discovery is linked to its Lancaster field, forming a single field, which would be…
Monday, 27 March 2017 03:05

First oil from Flyndre

First production from Maersk Oil's Flyndre field, which straddles the UK and Norwegian North Sea boundaries, started yesterday (26 March). The field is a 25km…
Thursday, 23 March 2017 08:11

Eni strikes oil off Mexico

Eni has confirmed the presence of oil in multiple reservoirs at the Amoca-2 well, the first well drilled by an international oil major offshore Mexico…
Thursday, 23 March 2017 03:00

OGA reveals frontier round results

Statoil has picked up the largest number of licenses in the Oil & Gas Authority's 29th Offshore Licensing Award focusing on frontier or underexplored acreage…
Wednesday, 22 March 2017 14:13

Maersk inks Tyra redevelopment deal

Maersk Oil reached an agreement with the government of Denmark that will see a full redevelopment plan for the Tyra project in the Danish North…
The latest Gulf of Mexico lease sale had 28 companies vying for 163 tracts in a total of 913,542 acres in the Central Planning Area…
Wednesday, 22 March 2017 09:59

DEA's Dvalin PDO approved

German operator DEA has gained approval from Norway’s Ministry of Petroleum and Energy for the US$1.2 billion (NOK 10 billion) Dvalin development plan in the…
Eni’s Jangkrik floating production unit (FPU) is ready to set sail to the deepwater Kutei Basin offshore Indonesia, with first gas forecasted for June. Image…
Tuesday, 21 March 2017 03:23

BP picks SLB, Subsea 7 for Mad Dog

Oilfield services giant Schlumberger and Subsea 7 have won contracts on BP's Mad Dog 2 deepwater development in the US Gulf of Mexico. Subsea 7…
Tuesday, 21 March 2017 02:28

Johan Sverdrup Phase 2 to go ahead

Statoil and its partners have agreed to move forward with a US$5.92-6.51 billion second phase development of the giant Johan Sverdrup field offshore Norway at…
Monday, 20 March 2017 08:09

Borr buys all Transocean jackups

A Norwegian newcomer with ties to Seadrill, Borr Drilling, is set to acquire Transocean’s entire jackup fleet, including newbuilds, in a US$1.35 billion deal. The…
Statoil and the US Bureau of Ocean Energy Management (BOEM) formally executed the lease of 79,350 acres offshore New York this week, paving the way…
Friday, 17 March 2017 08:33

Fugro, TGS look for GoM seeps

Fugro is teaming up with TGS to conduct the Otos survey in the Gulf of Mexico to pull together a complete picture of geological features,…
Friday, 17 March 2017 04:06

Njord A upgrade contracts awarded

Norwegian engineering firm Aker Solutions is to provide design engineering for Statoil's semisubmersible Njord A platform upgrade in Norway under sub-contract to Kvaerner, which in…
Thursday, 16 March 2017 13:32

Diamond in Ocean Valor victory

Diamond Offshore has won its case in a Brazilian court against the state oil firm Petrobras regarding the early termination of the Ocean Valor semisubmersible. Image…
Thursday, 16 March 2017 08:48

Shah Deniz 2 jacket sets sail

The second jacket for the Shah Deniz Stage 2 platforms has set sail to the Caspian Sea offshore Azerbaijan, the BP-led Shah Deniz consortium announced…
Wednesday, 15 March 2017 03:55

Moho Nord comes onstream

French supermajor Total has started production from its Moho Nord deepwater development, 75km offshore Congo. The project, with 100,000 b/d capacity, is the biggest oil…
Anadarko has hit wet Wilcox sands at its Shenandoah prospect in the Gulf of Mexico, according to partner Cobalt International. Ocean Blackhawk. Image from Diamond…
Tuesday, 14 March 2017 12:02

Cobalt hits at GoM North Platte appraisal

Cobalt International has encountered oil at its North Platte #4 appraisal well in the deepwater Gulf of Mexico, with plans to drill a second sidetrack,…
Tuesday, 14 March 2017 11:00

Noble approved to drill Leviathan-7

Noble Energy has won approval to drill an additional well, Leviathan-7, at its giant Leviathan project offshore Israel, alongside the Leviathan-5 well, in a move…
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