Directors of Aberdeen-based independent oil exploration and production company Bridge Energy have recommended the approval of a £103 million takeover bid from Norway’s Spike Exploration. The deal would see Spike Exploration acquire the…
Desire Petroleum has said a farm out process on its Falklands acreage has been held back by uncertainty over the timing and scope of the development of the Sea Lion oil field. A lack of a firm date for the mobilisation of a rig to the…
Petroceltic International has announced the successful tie-back of a new production well on the Kaliakra gas field, offshore Bulgaria. The well was completed with a subsea wellhead and connected to the existing Kaliakra pipeline for export via the Galata platform…
Scottish Ministers have approved plans for the first first tidal energy project in Scotland's Pentland Firth. MeyGen's project will be the largest tidal array in Europe when it is built. It will be installed in stages, beginning with a 9MW demonstration project of up to six turbines…
Australian operator Sunbird Energy Ltd. has awarded a contract to Wood Group Kenny (WGK) Australia to provide engineering and project management services for the Ibhubesi gas project, off the west coast of South Africa. The…
Abu Dhabi-based subsea engineering and diving services firm DCN Global has been bought by Fugro Subsea Middle East. The company, which will be renamed Fugro Subsea Services (Middle East), has primarily operated in the Middle East, Caspian and African regions…
Oslo-based offshore shipbroking and consultancy company Nor-Ocean Offshore has opened a new office in Houston. The new office offers brokerage and advisory services globally in relation to newbuilding, sale and purchase, chartering projects for offshore drilling rigs (jack-up…
VAALCO Energy has completed drilling an exploration well on the Ovoka Prospect (formerly Mu), in 60m water depth offshore Gabon to evaluate the Gamba reservoir and deeper Lucina formations. The zones of interest were found to be water…
Oil & Gas UK, the representative organisation for the oil and gas industry, today announces new appointments to its board. The appointments are: Eric D’Argentre, UK General Manager, Perenco UK Luke Farajallah, Managing Director…
Russian oil firm Lukoil Overseas has started drilling in deep water off the coast of Sierra Leone. The company is drilling the Savannah prospect on Block SL-5-11, using the semisubmersible Eirik Raude drilling rig, in more than 2000m water depth…
Helix Energy Solutions has confirmed an order for a second semisubmersible light well intervention rig from Sembcorp Marine subsidiary Jurong Shipyard. The US$346 million order is scheduled for delivery mid-2016, and will be built based…
Drilling on the South West Tamar prospect, offshore Israel, is due to start in the next two weeks, partners on the project have said. Delek Group, a partner on the Noble Energy-operated project, said the exploration well at South West (SW) Tamar prospect…
The National Oceanic and Atmospheric Administration (NOAA) Marine Debris Program announced on Sept. 4, that it provided US$967,000 through NOAA’s Restoration Center to support locally driven, community-based marine debris prevention and removal projects…
The North Caspian Operating Company (NCOC), on behalf of the North Caspian Sea PSA consortium, has said the first well was opened and the initial volumes of oil are being produced from the Kashagan field. The first phase of production is from eight wells on an artificial island complex…
Australian exploration firm WHL Energy is to apply for an amendment to its petroleum agreement with Seychelles petroleum industry regulator PetroSeychelles, leading to renewed farm-out talks. The proposed amendment is an extension to agreed work program commitments…