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OE Daily: 2016 / May

Australian operator Carnarvon Petroleum has acquired 100% of WA-523-P Australia’s North West Shelf (NWS). Carnarvon says the area offers it a great opportunity at a…
Results from a comprehensive environmental analysis have found minimal environmental impacts from offshore fracking, off California. Image from BSEE. The study, conducted by the Bureau…
Maersk Drilling has agreed to acquire the newbuild harsh environment jackup rig Hercules Highlander from struggling US drilling contractor Hercules Offshore. Hercules was awarded a…
Bermuda listed Seadrill, and Norwegian drillers Odfjell and Sevan Drilling reported their Q1 results this morning.  Intense focus on cost cutting and efficiency have helped…
Wednesday, 25 May 2016 09:55

BP uses EOR to extend Thunder Horse life

BP has commenced a water injection project at its Thunder Horse platform in the Gulf of Mexico that will extend the production life of one…
While Europe has been leading the charge in offshore wind development, the US and other regions including India are starting to build activity.  In India,…
Monday, 23 May 2016 14:37

Petrobras platform fall kills one

A RIP Industrial Services worker died over the weekend, after falling 12m from a Petrobras platform, offshore Brazil. According to the Sindipetro-NF workers’ union, Victor…
Monday, 23 May 2016 12:33

Newly integrated FPSO headed for Lula

The Cidade de Saquarema floating production and storage offloading (FPSO) unit is sailing to the Lula field offshore Brazil for its 20-year contract, following its recent…
Erik Milito, director of upstream and industry operations, American Petroleum Institute (API), will serve as the first keynote speaker at the 12th Annual Deepwater Intervention…
Monday, 23 May 2016 04:54

Leviathan back on track?

Work on Israel’s giant deepwater Leviathan field could be back on track after a new agreement on the country’s oil and gas terms.  Noble Energy,…
Friday, 20 May 2016 09:42

A new CEO for Petrobras

Brazil's interim president, Michel Temer, has named a new CEO for the country's national oil company Petrobras.  Petrobras announced today that it was informed Thursday,…
Woodside is considering development options on its two discoveries offshore Myanmar, as well as a 4-7 well drilling campaign next year, the firm said this…
Thursday, 19 May 2016 02:43

FMC, Technip to merge

French engineering house Technip and US-based underwater technologies firm FMC Technologies are to combine, creating a new US$13 billion business, the firms announced this morning.…
Statoil is joining a list of investigation teams surrounding the tragic Super Puma helicopter crash that killed 13 people last month by launching its own…
Wednesday, 18 May 2016 09:27

Petrobras gains double Campos extension

Brazil’s National Petroleum Agency (ANP) granted a 27-year extension to Petróleo Brasileiro (Petrobras) for two concession contracts in the Campos basin, offshore Brazil that will…
The first exploration wells on new Barents Sea acreage, which has been opened to the industry for the first time, could be in place as…
Tuesday, 17 May 2016 07:51

Chevron to cut 800 Thai jobs

US supermajor Chevron will cut some 800 jobs in Thailand to keep in line with its plan to cut 4000 from the company this year,…
An independent reserves report has estimated the Falklands Greater Sea Lion Complex operated by Premier Oil to contain more than half a billion, or more…
Shell announced on 15 May that production from the Brutus field in the US Gulf of Mexico has resumed following a leak at the nearby…
Monday, 16 May 2016 04:02

Initial crash findings released

The Super Puma helicopter crash which killed 11 offshore staff and two helicopter pilots in Norway was sudden, catastrophic and developed in just seconds, according…
Monday, 16 May 2016 03:28

BP doubles stake in Culzean

Oil major BP has bought a 16% stake in the high-pressure, high-temperature (HPHT) Culzean development project in the North Sea, doubling its stake to 32%.…
Friday, 13 May 2016 12:32

Brazil names new energy minister

Brazil’s interim president Michel Temer has appointed Fernando Bezerra Filho as the country’s new mines and energy minister amid a political battle that suspended Brazilian…
KrisEnergy nearly tripled its revenue in Q1 2016 and more than doubled its production when compared to Q1 2015, due to two new fields that…
Thursday, 12 May 2016 21:21

Source of Shell leak identified

The source of a leak that spilled 2100 bbl (88,200 gallons) of crude oil into the US Gulf of Mexico around Shell's Glider field has…
Following the double-digit fatality involving a CHC-operated Norwegian Super Puma helicopter at the end of April, UK and Norwegian Civil Aviation Authorities have implemented restrictions…
Wednesday, 11 May 2016 14:14

Eni ups Nooros production, off Egypt

Just 10 months after the discovery at the Nooros field offshore Egypt, Italian giant Eni has increased production at the field to some 65,000 boe/d.…
Wednesday, 11 May 2016 04:26

Premier cuts 15% Catcher costs

UK independent operator Premier Oil says it has cut costs on its North Sea Catcher floating production project by 15% - and the project remains…
Drilling contractor Awilco Drilling posted zero revenues for Q1 this year and a net loss of US18.7 million, thanks to one rig being out of…
Tuesday, 10 May 2016 13:46

Supermajors drop Arctic leases

Several supermajor oil and gas companies including Anglo-Dutch supermajor Shell, Italian giant Eni, and US supermajor ConocoPhillips have surrendered more than 2 million acres in…
Tuesday, 10 May 2016 09:06

Winds of change offshore US?

American offshore wind has for too long been overshadowed by the long-delayed Cape Wind project, but the winds of change might finally be blowing.  Cape…