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OE Daily: 2016 / July

Norwegian part-state owned oil giant Statoil and Brazilian state oil firm Petrobras have agreed a deal which will see Statoil acquire Petrobras’ 66% operated interest…
ConocoPhillips and Marathon Oil Corp. have signed an early termination agreement for the deepwater drillship Maersk Valiant, Maersk Drilling says. The termination, which comes following…
Thursday, 28 July 2016 04:36

Shell makes GOM discovery

Shell has made a major discovery in the US Gulf of Mexico (GOM), the firm revealed as part of its 1H results this morning.  The…
Wednesday, 27 July 2016 08:53

Oil majors bid for Cyprus blocks

Oil majors Statoil, Eni, Total and ExxonMobil have submitted rival bids for three exploration blocks offshore Cyprus in the country's 3rd Licensing Round.  Three blocks…
Wednesday, 27 July 2016 04:04

TEN nears first oil

Independent explorer Tullow Oil has returned to a profit and is looking forward to first production on its TEN project offshore Ghana next month, on…
Norwegian independent Det norske has marked the installation of the Ivar Aasen development topside. The 15,000-tonne topside has now been installed on the jacket, in…
Cyprus has received six applications from eight companies for the three blocks it put up in its 3rd Licensing Round for offshore exploration. The three…
Friday, 22 July 2016 13:00

BOEM to hold first online lease sale

The US Bureau of Ocean Energy Management (BOEM) is gearing up to hold is first ever lease sale via a live broadcast later this summer…
Schlumberger has reduced its workforce by 16,000 so far this year, which the oil services giant attributed to weak activity that it expects to persist…
Friday, 22 July 2016 07:55

Keppel cuts 5000 jobs, drops 45% in 1H

Keppel Corp. reported a 45% decline in its profits in 1H 2016, as the Singaporean shipbuilder announced a reduction in its workforce by more than 5000.…
Global drilling giant Transocean has announced a string of new contracts and the start of its newbuild drillship Deepwater Proteus on contract.  The firm has…
Thursday, 21 July 2016 07:26

Noble online at Gunflint

Noble Energy started production at Gunflint in the deepwater Gulf of Mexico, the Houston-based explorer announced today (21 July). Map of Gunflint, from Noble Energy.…
Lundin Petroleum has started its 2016 exploration and appraisal campaign in the Loppa High area in the southern Barents Sea targeting 587-862 MMboe. The winterized Leiv…
Tuesday, 19 July 2016 15:11

Mexico sets Round 2 terms

Mexico’s Ministry of Energy (SENER) has approved auction terms for the first phase of Round 2, which will auction 15 shallow water areas in the Gulf…
Det norske oljeselskap reported nearly a 21% decline in Q2 2016 revenues, when compared to last year, however, the Norwegian exploration and development company continues…
Offshore drilling services provider Ensco has revealed several global contracts in its latest fleet status report, along with its decision to sell several of its…
Monday, 18 July 2016 15:19

Nearly 400 to strike in North Sea

Nearly 400 members of Unite and RMT unions working for Wood Group across eight Shell oil and gas platforms in the North Sea will be…
Monday, 18 July 2016 11:59

SBM in Brazilian leniency deal

SBM Offshore and Petróleo Brasileiro (Petrobras) will resume normal business relationships after a US$163 million settlement agreement over allegations relating to the Lava Jato scandal…
Sembcorp Marine delivered the world’s largest jackup rig, the Noble Lloyd Noble, to Noble Corp. after uncertainties in the delivery date due to damage the…
The 12th Annual Deepwater Intervention Forum (DIF), presented by OE, kicks off in Galveston, Texas, this 9-11 August, which will feature industry-leading experts from the subsea intervention…
Drilling operations have been suspended at Husky Energy’s North Amethyst field offshore Canada, after a leak occurred today (15 July), according to the Canada-Newfoundland &…
Offshore exploration could soon be on the agenda in Lebanon after the country's Prime Minister Tamam Salam was asked to place what would be the…
BP is saddling up to incur an additional US$2.5 billion charge to resolve the company’s outstanding claims from the disastrous 2010 Deepwater Horizon spill, which…
DONG E&P Norge is divesting its shares of five Norwegian oil and gas fields to Faroe Petroleum in a US$70.2 million deal, as Faroe moves…
Thursday, 14 July 2016 07:48

Marathon sees first gas from Alba B3

Houston-based Marathon Oil Corp. has achieved first gas production from its new Alba B3 offshore compression platform, offshore Equatorial Guinea, which will help more than…
Thursday, 14 July 2016 02:38

Conoco sells Senegal business to Woodside

Australia's Woodside Energy has agreed to acquire all US oil firm ConocoPhillips' assets offshore Senegal, West Africa, for US$430 million. The move sees Woodside, which…
Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) is giving UK supermajor BP until the end of August to resubmit its modified environmental…
Wednesday, 13 July 2016 03:24

OGA seismic campaign kicks off

The UK's Oil and Gas Authority (OGA) has awarded contracts for the second UK government funded £20 million seismic campaign to promote under-explored areas of…
Tuesday, 12 July 2016 10:47

Petrobras starts up Cidade de Saquarema

Petrobras has started production from the Cidade de Saquarema floating production and storage offloading (FPSO) unit on the giant Lula field, offshore Brazil. Cidade de…
Hercules Offshore has sold a jackup drilling unit in a US$3.16 million deal with an undisclosed buyer. The Hercules 267, image from Hercules Offshore. The…
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