Mediterranean explorer Energean Oil & Gas praised the “untapped potential” of its two blocks offshore Montenegro, which may hold 1.8 TCF of gas and 144 MMboe of liquids (438 MMboe in total), according to a new report by Netherland Sewell & Associates (NSAI)…
TechnipFMC has agreed to acquire Plexus Holding's Wellhead exploration equipment and services business for jackup applications - the Jack-up Business - for up to US$56 million (£42.5 million). Plexus will initially receive $19.7 million…
Subsea 7 will become the sole owner of the Normand Oceanic, a flex-lay and heavy construction vessel that is being managed by Solstad Farstad while under long-term contract to a third party. The company will take ownership of the vessel…
RockRose Energy has signed deal to acquire Idemitsu Petroleum from Japan's Idemitsu Kosan. The Idemitsu UK's assets comprise a substantial number of producing fields in the North Sea, which include: 30.8% stakes in Repsol's Ross and Blake fields…
Total subsidiary Total E&P Ireland has completed a farm-in deal with Providence Resources and Sosina Exploration on licensing option (LO) 16/27, containing the Avalon prospect, in the southern Porcupine Basin, offshore Ireland. The deal…
First power has been achieved from Statoil and partner Masdar's Hywind Scotland project - the world's first floating wind farm. The 30MW wind farm, operated by Statoil, is 25km offshore Peterhead, Scotland, and comprises five, 6MW turbines…
North Sea minnow Independent Oil and Gas has signed a letter of intent with Offshore Design Engineering for work on its Blythe Hub and Vulcan Satellites Hub development. ODE will provide technical and operational support ahead of final…
Shearwater GeoServices has delivered a 3D Fast Track Pre-Stack Depth Migration (PreSDM) product for Edison International, following the efficient acquisition of a high quality 3D SHarp broadband dataset in the Eastern Mediterranean. Simon Telfer…
A new outfit being created by the merger of Centrica's oil and gas division and Bayerngas Norge is to be called Spirit Energy, Centrica said today. Centrica will hold 69% in the new company, while Bayerngas Norway's owners will hold the remaining 31%…
France's first floating offshore turbine - and it's first offshore wind turbine at all - was inauguarted in Saint-Nazaire, France, today. The 2MW Vestas turbine is primed for the École Centrale de Nantes and CNRS's SEM-REV offshore test site…
Maersk Drilling has been awarded two contract extensions in the North Sea. The jackup Maersk Resolve has been awarded a contract extension by Wintershall Noordzee for the drilling of a third well in the ongoing drilling campaign in the North Sea…
Weatherford International has been awarded a contract for plug and abandonment (P&A) services by Repsol Norge. The work will start this month and is estimated to be completed over three years. The contract scope encompasses multiple services…
A new report into the UK North Sea oil and gas industry work force shows jobs have dropped to 302,000 from 460,000 in 2014, with the average age of staff increasing slightly to 42.7. The report in short: Industry supports more than 302…
UK firm Independent Oil and Gas (IOG) says it expects to award key project contactors and submit a field development plan for its Vulcan Satellites hub later this month following a report which has significantly increased reserves numbers for the fields…
Global Marine Group has agreed to acquire Fugro’s trenching and cable lay services business for about US$73 million in shares. The acquisition of Fugro’s trenching and cable lay services business involves the transfer of 23 Aberdeen-based Fugro staff and one vessel (Symphony)…