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OE Press: 2015 / June

Tuesday, 30 June 2015 10:34

Greece woes affects markets, oil price

The Greek government revealed it does not have the funds to pay what is owed to the International Monetary Fund (IMF) and cannot meet its…
Tuesday, 30 June 2015 09:21

CNOOC starts Bozhong 28/34

CNOOC began production at its Bozhong 28/34 oilfields offshore China. The Bozhong 28/34 oilfields are located in Bohai Bay with an average water depth of…
Statoil and its partners submitted an amendment to the plan for development and operations (PDO) for the Gullfaks license to the Ministry of Petroleum and…
Tuesday, 30 June 2015 03:41

IOG eyes Skipper FPSO options

Independent Oil and Gas (IOG) has started discussions with potential floating production, storage and offloading (FPSO) vessel providers for its UK north Sea Skipper development. …
Technip has won the contract to provide detailed engineering and procurement services for the topsides of what will become a floating production and offloading (FPSO)…
Tuesday, 30 June 2015 03:15

UK drilling activity increases

Exploration and appraisal activity in the North Sea doubled in the opening three months of the year following the UK Chancellor’s industry tax cut, new…
Monday, 29 June 2015 09:28

BP, ExxonMobil suspend Arctic work

An oil industry consortium that includes BP and ExxonMobil suspended a Canadian arctic exploration program in the Beaufort Sea region due to insufficient time to…
Monday, 29 June 2015 09:14

Guyana vows no interruptions

Guyana's president, David Granger, says he has assured ExxonMobil that exploration work at the company's recent oil discovery off the Guyana coast will not be…
Monday, 29 June 2015 03:47

TGS snaps up Polarcus library

Norway-based geoscience firm TGS has agreed to buy seismic firm Polarcus' multiclient library, excluding Australia, for US$ 27.5 million and future share on library late…
Monday, 29 June 2015 03:09

Johan Sverdrup: construction starts

Norwegian oil firm has marked the start of construction work on the Johan Sverdrup development project - labelled the biggest industrial project in Norway for…
AtComedia, publisher of Offshore Engineer (OE), is proud to announce the launch of Mexico Midstream Exhibition and Conference 2016 to be held in Monterrey, Mexico,…
Friday, 26 June 2015 10:28

Fossil Oil plans shallow wells

Fossil Oil is planning a new drilling project named Fossil-North Eagle Bay Offshore JV – I – 2015 offshore Texas. The project involves directionally drilling…
Friday, 26 June 2015 08:34

Tap Oil updates Northern Gulf disputes

Australia’s Tap Oil Ltd. recently provided an update on its commercial relations with the Thai entrepreneur, Chatchai Yenbamroong, and his Northern Gulf Petroleum Holdings Ltd.…
Friday, 26 June 2015 08:15

Statoil changes focus, structure

Statoil will make adjustments to the company’s structure and operating model to become a more “cost- efficient and fit-for-the-future” organization, it reports. The changes are…
Thursday, 25 June 2015 14:34

Staatsolie, Apache sign PSC agreement

Staatsolie and Apache Corp. have signed a production sharing contract (PSC) for exploration, development and production of offshore Block 58 offshore Suriname. The agreement, with…
Siemens has celebrated the official christenings of the offshore wind industry’s first, purpose-built service operation vessels (SOV). The christening events took place in cooperation with…
Thursday, 25 June 2015 13:06

Lundin drills three wells off Norway

Lundin Norway commenced the drilling of its second Alta appraisal well in the Barents Sea South, and the drilling of an appraisal well on the…
Oil and gas supply chain leaders need to drive “transformational change” to bring down costs before the multi-billion North Sea decommissioning program will start, a…
Wednesday, 24 June 2015 13:36

Freeport-McMoRan Oil & Gas files IPO

Houston-based Freeport-McMoRan Oil & Gas (FM O&G) will be the first US oil producer to launch an initial public offering (IPO) in 2015. The company…
Wednesday, 24 June 2015 11:14

DONG announces UK wind farm construction

DONG Energy has decided to construct Race Bank Offshore Wind Farm, located in the Greater Wash area, approximately 27km off the east coast of Britain.The…
Wednesday, 24 June 2015 09:23

Woodside gets Browse retention lease offer

The Commonwealth Western Australia Offshore Petroleum Joint Authority and the WA Minister for Mines and Petroleum offered Woodside Energy petroleum retention lease offers for WA-28-R, WA-29- R,…
Wednesday, 24 June 2015 03:43

Lundin spins multiple bits on NCS

Swedish headquartered Lundin Petroleum has started spinning two drill bits on the Norwegian Continental Shelf - on Alta, in the Barents Sea, and one on…
Wednesday, 24 June 2015 03:30

Suncor's Norway probe dry

Suncor Energy Norge's Niobe exploration well has been classified as a dry well, according to the Norwegian Petroleum Directorate. The well, 25/10-13 S, in production…
Tuesday, 23 June 2015 10:02

Vantage hires Lazard to review options

Vantage Drilling Co. retained Lazard Freres & Co. to offer advice with respect to financing and strategic opportunities. The board of directors has retained Lazard…
The full impact of cost reduction measures and the deferral or cancellation of capital projects in the UKCS is yet to be fully felt, according…
Tuesday, 23 June 2015 03:19

Statoil picks Tenaris for Mariner

Statoil has awarded Tenaris the contract for the supply of casing, tubing and all related services for the Mariner project. Discovered in 1981, Mariner is…
The crash in oil prices has led to a dramatic decline in the number and value of awards for floating production and storage offloading (FPSO)…
With the sail away on Friday 19 June 2015, Gina Krog, the largest launch jacket ever built by Vlissingen yard of Heerema Fabrication Group (HFG),…
The Bureau of Ocean Energy Management (BOEM) completed its required evaluation of bids to ensure that the public receives fair market value for tracts leased…
Norwegian yard Westcon has been awarded a contract by Subsea 7 to deliver equipment to be used on the Martin Linge field. Westcon's contract with…
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