GulfSlope Energy and Texas South Energy have jointly executed an exclusive letter of intent (LOI) with a large international oil and gas company to drill and develop a minimum of three wildcats in the Gulf of Mexico. The deal comes with…
Seadrill has filed for bankruptcy protection, as investors fork up US$1.06 billion of new capital for the company. Anton Dibowitz. Image from Seadrill. The company signed deals with more than 97% of its secured bank lenders…
The Isle of Man has launched an offshore licensing round for acreage that has not been reviewed in more than 20 years. Isle of Man. Image from iStock. Earlier this week, the…
Repsol has awarded Archer Wireline and Archer Oiltools a four-year frame agreement contracts for additional plugging and abandonment (P&A) services for Repsol Norge. Image from Archer. The…
Borr Drilling accepted a letter of intent from BW Energy Dussafu (BWE), a subsidiary of BW Offshore, for a drilling campaign offshore Gabon. Borr’s premium, high-specification jackup Norve will be utilized to drill and complete two subsea development wells…
Schlumberger unveiled the new DELFI cognitive E&P environment at the SIS Global Forum today (13 September), which enables collaboration across exploration and production (E&P) teams and leverages the full potential of all available data and science to optimize E&P assets…
Statoil and its partners have approved the lifetime extension for the Veslefrikk field in the North Sea until 2025, according to Industri Energi. Veslefrikk platform. Image from Statoil. In late summer…
Total E&P has extended the charter of the Safe Caledonia semisubmersible accommodation vessel at the Elgin-Franklin Facility in the UK sector of the North Sea. The 30-day option extends on site operations through until late October 2017…
Byron Energy has signed a drilling contract with Ensco Offshore for the Ensco 68 jackup rig to drill at the company’s South Marsh Island Block 71 drilling and completion program in the Gulf of Mexico. Ensco 68 jackup…
Wellesley Petroleum’s Goanna prospect offshore Norway has revealed disappointing results, as no hydrocarbons were found, according to partner Faroe Petroleum. Image from iStock. The…
Brazil’s National Petroleum Agency (ANP) has received 10 expressions of interest for the second round and 15 for the third round of pre-salt bidding under production sharing contracts in the upcoming 27 October auction. The applications…
Castex Offshore has experienced delays in its Hummer project due to recent weather events in the Gulf of Mexico, according to partner Petsec Energy. Hummer production platform. Image from Petsec…
DONG Energy will build its Hornsea Project Two wind farm at the lowest-ever price for offshore wind in the UK, cutting its original price by half, in what the company is calling a 'breakthough moment.' Map of Hornsea 2…
Global subsea equipment specialists Ashtead Technology has named Brett Lestrange as UK regional director. Brett Lestrange Source: Ashtead Lestrange, who has more than 25 years’ experience in the subsea industry…
Shell and Petrobras signed a five-year memorandum of understanding (MoU) last week to establish a long-term mutual collaboration in developing pre-salt fields in Brazil that will focus on sharing technical and cost-efficient solutions. Libra…