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OE Daily: 2017 / September

Transocean is taking a US$1.4 billion impairment in Q3 2017 following the drilling contractor’s decision to scrap five ultra deepwater floaters, and one deepwater rig.…
Friday, 22 September 2017 03:15

Total joins Chevron in GoM exploration

French oil major Total says it has agreed to capture seven prospects, over 16 Chevron-operated blocks in deepwater Gulf of Mexico (GoM), in a move…
Thursday, 21 September 2017 11:19

Providence forging ahead with Barryroe

Providence Resources will proceed with drilling plans for its Barryroe appraisal project offshore Ireland, despite failing to consummate a farm-in agreement with Total. Providence's Ireland…
Thursday, 21 September 2017 09:43

Hyperdynamics going solo at Fatala prospect

Hyperdynamics will seek a two-year appraisal period to test the Fatala prospect area for commercial resources, but will go solo after partner South Atlantic Petroleum…
Thursday, 21 September 2017 03:47

Shah Deniz 2 topsides installed

The BP-led Shah Deniz consortium is on track for first gas for stage 2 of the giant project next year, following the installation of the…
Wednesday, 20 September 2017 15:36

Discoverer Clear Leader axed by Chevron

Chevron has opted to terminate the drilling contract for Transocean's ultra-deepwater drillship (UDW) Discoverer Clear Leader, effective November 2017, prior to its expiration in October…
Wednesday, 20 September 2017 03:08

Uruguay launches third offshore licensing round

Uruguay's Ministry of Industry, Energy and Mining (MIEM) and national oil firm ANCAP have launched the Uruguay Round 3, an offshore licensing round. Image from…
Tuesday, 19 September 2017 17:16

Power restored at Thunder Horse

Power has been restored to BP’s Thunder Horse production platform in the US Gulf of Mexico. Thunder Horse. Image from BP. The company has started…
Tuesday, 19 September 2017 04:13

Pemex in Nobilis-Maximino deepwater farmout

Mexico's Petróleos Mexicanos (Pemex) is seeking a partner for its Nobilis-Maximino deepwater area in the Gulf of Mexico, following the company's strategy to take advantage…
Monday, 18 September 2017 14:10

Hyperdynamics still hopeful off Guinea

Hyperdynamics is looking at options after finding signs of encouragement at its recently failed Fatala prospect, offshore the Republic of Guinea in Northwest Africa. Map of…
Monday, 18 September 2017 09:54

Video: Statoil Cat J's head for Norway

Statoil is awaiting the arrival of two of its Cat J jackup rigs in the Norwegian North Sea, one destined for the Gullfaks field and…
Monday, 18 September 2017 03:48

OMV finds oil in latest Wisting probe

Australian operator OMV has found additional oil on its Barents Sea Wisting field through its latest appraisal well 7324/8-3, according to the Norwegian Petroleum Directorate…
Monday, 18 September 2017 03:31

Inpex enters Norway with Barents Sea stake

Japan's Inpex has made its first move into Norway by agreeing to acquire a 40% stake in PL767 in the western Barents Sea from Bayerngas…
Friday, 15 September 2017 10:42

Karoon still set on Brazil deals

Karoon Gas says it still intends to move forward with the proposed divestment deal with Petrobras for the Bauna and Tartaruga assets, and the development…
Friday, 15 September 2017 07:43

Mexico approves Wood Group, Amec merger

Wood Group’s proposed US$2.72 billion deal to takeover Amec Foster Wheeler is closer to completion following approval from the Mexican antitrust commission today (15 September).…
Thursday, 14 September 2017 10:16

Ophir still reaching for Fortuna FID

Ophir Energy is holding out hope that the Fortuna FLNG project offshore Equatorial Guinea will reach final investment decision (FID) by the end of the…
Thursday, 14 September 2017 03:35

BP's "Contract of the Century" extended to 2049

In 1994, when BP and SOCAR signed a deal for the development of the Azeri, Chirag and Gunashli oil fields in the deepwaters of the…
Hurricane Energy has made a final investment decision on its Lancaster early production system (EPS) development and expects regulatory approval shortly. The Lancaster EPS is…
Wednesday, 13 September 2017 13:23

Video: Shell's Prelude storm safe

Shell has secured its Prelude floating liquefied natural gas (FLNG) facility to the seabed offshore Western Australia, after completing the installation of eight of the…
Wednesday, 13 September 2017 10:37

Seadrill files for bankruptcy

Seadrill has filed for bankruptcy protection, as investors fork up US$1.06 billion of new capital for the company. Anton Dibowitz. Image from Seadrill. The company…
Wednesday, 13 September 2017 10:03

Isle of Man launches licensing round

The Isle of Man has launched an offshore licensing round for acreage that has not been reviewed in more than 20 years.   Isle of…
Tuesday, 12 September 2017 12:50

Statoil's Veslefrikk gets lifetime extension

Statoil and its partners have approved the lifetime extension for the Veslefrikk field in the North Sea until 2025, according to Industri Energi. Veslefrikk platform.…
Tuesday, 12 September 2017 08:40

DONG's Hornsea Two cost cut in half

DONG Energy will build its Hornsea Project Two wind farm at the lowest-ever price for offshore wind in the UK, cutting its original price by…
Monday, 11 September 2017 03:19

Deepwater Drombeg disappoints

Drilling on the deepwater Drombeg prospect offshore Ireland has discovered water wet reservoirs, says Providence Resources.  The 53/6-1 well, in about 2233m water depth -…
CEFC China Energy is set to buy a 14.16% stake of state-owned Russian oil firm Rosneft in a US$9.1 billion deal with the consortium of…
Friday, 08 September 2017 10:01

Azinor delays Agar after Partridge upset

Azinor Catalyst has failed to encounter hydrocarbon at its well on the Partridge prospect in the North Sea, leading the company to stall its plans…
Energean Oil & Gas has received the green light from Greek authorities for the Kataloko field development plans (FDP) offshore Western Greece. Map of Katakolo, from…
Friday, 08 September 2017 07:56

Hyperdynamics fails at Fatala-1

Hyperdynamics failed to encounter hydrocarbons at its Fatala-1 well offshore the Republic of Guinea in Northwest Africa, in what the company thought was to be a “potential world-class…
Thursday, 07 September 2017 11:15

Video: Aibel completes Sverdrup assembly

Aibel lifted the final three modules into place for the Johan Sverdrup drilling platform earlier this week. The platform arrived in Haugesund on 5 September,…
Thursday, 07 September 2017 09:13

LLOG moves on Buckskin development

LLOG Exploration Co. is moving forward to develop its Buckskin project in the deepwater Gulf of Mexico, signing a deal with Seadrill for the West…