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OE Daily: 2017 / January

Tuesday, 31 January 2017 15:24

Anadarko eyes further Colombia drilling

Anadarko has its eyes set on Colombia, announcing further drilling plans in the Purple Angel block, and opportunities it has identified through the Esmeralda 3D…
Tuesday, 31 January 2017 13:27

Exxon to start 5 projects by 2018

US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took…
Tuesday, 31 January 2017 10:04

Seadrill seeks US$1 billion lifeline

Seadrill is aiming to raise US$1 billion in new capital for restructuring efforts that CEO Per Wulff says has been more complex than the company…
Tuesday, 31 January 2017 08:34

Eni strikes gas at Merakes 2 off Indonesia

Italian giant Eni discovered pay at the first appraisal well of its Merakes discovery offshore Indonesia. Image from Eni. The company successfully drilled and tested…
Supermajor Shell has agreed to sell a package of UK North Sea assets to Chrysaor for a total of up to US$3.8 billon. The packaged…
Friday, 27 January 2017 11:16

Chevron posts 17% drop in revenue

Chevron posted total earnings of US$415 million for Q4 2016, however, posted a loss for full-year 2016 that the US supermajor says were due to…
Offshore exploration could, finally, soon be on the agenda in Lebanon after the country's first offshore licensing round was opened.  Lebanon’s Energy Minister Cesar Abi…
Thursday, 26 January 2017 13:10

Murphy joins Chevron at Hoffe Park

Murphy Oil announced a partnership with supermajor Chevron in the Gulf of Mexico in Q4 2016, in addition to suffering from a net loss of…
Thursday, 26 January 2017 10:18

Hess takes Q4 loss, expects momentum

Hess Corp. posted a US$4.9 billion net loss in Q4, as the company moves forward to focus on its developments offshore Thailand and in the…
Thursday, 26 January 2017 03:57

Atlantis eyes UK 100 MW floating wind park

Tidal energy firm Atlantis Resources has signed a memorandum of understanding (MOU) with Ideol, a leading developer of offshore wind floating foundation solutions, which could…
Thursday, 26 January 2017 00:00

DNV GL: Global confidence stabilizing

DNV GL’s 2017 outlook for the oil and gas industry has revealed short-term agility and long-term resilience, with an overall stabilization of confidence in some…
Wednesday, 25 January 2017 13:25

BP: Renewables to quadruple by 2035

BP is forecasting that renewables will become the fastest growing fuel source by 2035, nearly quadrupling over the next 20 years, according to the UK…
Wednesday, 25 January 2017 10:38

Subsea sector landscape has changed forever

Mega mergers like FMC Technologies and Technip, Schlumberger and Cameron, and GE Oil & Gas and Baker Hughes have changed the subsea industry landscape forever,…
Tuesday, 24 January 2017 10:09

EnQuest, BP strike Magnus deal

BP and EnQuest signed a US$85 million deal that will see EnQuest take over operatorship and 25% stake in the Magnus oil field in the…
Tuesday, 24 January 2017 09:17

W&T sets sights on Mahogany, GoM wells

W&T Offshore has received approval for a capex of US$125 million that will set up the Houston-based company to drill six to eight wells in…
Byron Energy is weighing a change in development concept for the South Marsh Island 71 (SMI-71) discovery, in the US Gulf of Mexico. The new…
Monday, 23 January 2017 09:00

BP fires up Thunder Horse expansion

The Thunder Horse South Expansion project, in the deepwater Gulf of Mexico, has started up 11 months ahead of schedule, supermajor BP announced today (23…
Monday, 23 January 2017 04:12

Cairn spuds first 2017 SNE well, Senegal

Drilling has started on Cairn Energy's latest exploration campaign offshore Senegal, according to partner FAR. Cairn Energy is using the Stena DrillMAX drillship to drill…
Friday, 20 January 2017 12:43

BP's Juniper sets sail for Trinidad

BP Trinidad and Tobago’s (bpTT) US$2 billion Juniper platform has set sail towards the southeast coast of Trinidad, marking one of the supermajor’s largest start-ups…
Friday, 20 January 2017 12:33

Schlumberger takes 22% revenue hit

Schlumberger disclosed a 22% decline in its full-year 2016 revenue, despite gaining US$4.2 billion from the Cameron Group, which the oil services giant took over…
Norwegian giant Statoil held a press conference earlier today (20 January) to discuss the investigations of two very serious incidents with safety issues that could…
Thursday, 19 January 2017 13:07

DONG to rid of oil, gas sector by year-end

Denmark’s DONG Energy will divest its activities within the oil and gas business by the end of 2017. Image of a DONG turbine, from DONG…
Thursday, 19 January 2017 08:45

CNOOC to drill 126 wells in 2017

China’s CNOOC has revealed its 2017 business strategy and development plan that includes a total of five new projects set to come onstream, and a…
Thursday, 19 January 2017 04:06

Woodside sees Scarborough FEED in 2017

Australia's Woodside says the Scarborough project could move into front end engineering and design in 2017, with a final investment decision by 2020.  Woodside acquired…
Transocean has filed a complaint of patent infringement against fellow rig builder Noble Corp. in a Houston court, accusing Noble of infringing upon Transocean’s “dual-activity”…
Wednesday, 18 January 2017 11:39

APA 2016: Clouds with a silver lining

Norway's latest licensing round has seen the fewest companies awarded licenses in the Norwegian Awards in Predefined (APA) areas in a decade.  But, the number…
Tuesday, 17 January 2017 15:31

US to auction Kitty Hawk acreage

The US Department of the Interior (DOI) and Bureau of Ocean Energy Management (BOEM) are offering 122,405 acres offshore Kitty Hawk, North Carolina in a…
Tuesday, 17 January 2017 11:09

Cairn sees eventful 2017 at SNE, North Sea

Cairn Energy is moving to further explore Senegal, and working towards first oil in the North Sea this year, in what the company calls an…
Tuesday, 17 January 2017 09:29

TechnipFMC merger complete

TechnipFMC is now operating as a unified, combined company following the completion of the US$13 billion merger of FMC Technologies and Technip. Image from TechnipFMC.…
Statoil is set to move forward with more than half a billion dollar's worth of investment in the UK and Norwegian North Seas after getting…
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