Rocksource said it encountered a thick well-developed basin floor fan sand with a gas-accumulation at the top in the Kvitnos target in the PL 528 Ivory exploration well in the Norwegian Sea. In the deeper Lysing target, the well penetrated a poorer than expected water-bearing sand…
Ahead of the autumn statement by British Chancellor of the Exchequer George Osborne on Wednesday, 3 December 2014, Ignacio Fernandez provides an economic analysis of fiscal terms for the UK Continental Shelf (UKCS). UKCS exploratory drilling…
The global fleets are growing – not least in order to cater for new deep water challenges. Fred Tholen takes a look. Subsea 7’s new heavy construction vessel, under construction in South Korea…
Aker Solutions, FMC Technologies, and GE Oil & Gas set out where they see the future of subsea technologies going. Aker Solutions A vision for the future: advanced subsea production systems. Photo from Aker Solutions…
A new and exciting chapter has opened in the history of the Norwegian Continental Shelf. Meg Chesshyre reports. Fig. 1: Johan Sverdrup phase 1, comprised of four bridge-linked platforms. Image from Statoil…
OE spoke with experts from CGG and Ion Geophysical to ascertain where the next frontiers of future offshore oil and gas exploration will be located. These areas are certain to blossom over the next five years. Here’s how the experts answered…
Australia’s Karoon Gas encountered oil in five separate zones in the Kangaroo-2 appraisal well in the Santos basin, offshore Brazil. Map of the five wells located in the Santos basin. From Karoon. Kangaroo…
Woodside has entered into a contract for an exclusive Reconnaissance License (RL) with the Office National des Hydrocarbures et des Mines, the national oil company of the Kingdom of Morocco, to explore a block offshore Morocco. The block…
Russia's Gazprom Neft and state-owned PetroVietnam have begun exclusive talks to potentially cooperate in the development of the Dolginskoye field, located about 75km off the Russian coast in the Pechora Sea. Gazprom Neft said in a statement…
According to the National Ocean Industries Association (NOIA), there is untapped potential of offshore energy located in the Eastern Gulf of Mexico (GoM) that could greatly benefit the US. That is, if the Eastern GoM were opened to offshore oil and natural gas development…
Norway-based seismic acquisition firm Spectrum has started a 3600km multi-client 2D seismic survey offshore Uruguay, South America. The new acquisition program will infill Spectrum’s survey acquired in 2013 and cover open, ultra-deep water acreage in the Oriental del Plata and Pelotas basins…
Italy-focused independent exploration and production firm Sound Oil is planning to launch a takeover of fellow independent Antrim Energy by making an offer for all Antrim's listed shares. The move, which values Calgary-headquartered Antrim's issued share capital at £6…
Statoil is paying US$350 million to take a “time-out” in its Kwanza exploration drilling program offshore Angola. The Stena Carron. From Stena Drilling. The Norwegian giant decided…
Salamander Energy and Ophir Energy have agreed the proposed terms of a deal which would see Ophir takeover Salamander. The two companies say that the move had “compelling strategic logic,” including a strong balance sheet, enhanced operating…
Drilling continues at Karoon Gas Australia’s Kanagroo-2 in the 12 ¼ in. hole section at a current depth of 1760m. The Olinda Star. From Karoon. The Kangaroo-2 appraisal well is located…