Latest News - page 1787


Africa Energy take PNPL stake

Sep 14, 2017

Africa Energy signed a multimillion deal with Pancontinental to take 33.33% stake in subsidiary Pancontinental Namibia (PNPL). Pancontinental will retain 66.67% of the issued capital of PNPL, which holds a 30% interest in the highly prospective license PEL 37…

Cyprus gas probe positive news, despite being non commercial

Sep 14, 2017

Cyprus' Ministry of Energy, Commerce, Industry and Tourism has said Total's Onesiphoros West 1 exploration well offshore Cyprus had gas shows in a carbonate reservoir but not in commercial quantities. Despite being non-commercial, the government said the discovery was 'highly positive…

OE17: Azerbaijani opportunities

Sep 14, 2017

The UK Department of International Trade (DIT) is urging UK companies to invest in Azerbaijan’s oil and gas sector, citing the opportunities available in the “Motherland of Oil.' “People who think they know about Baku and Azerbaijan should take another look…

BP's "Contract of the Century" extended to 2049

Sep 14, 2017

In 1994, when BP and SOCAR signed a deal for the development of the Azeri, Chirag and Gunashli oil fields in the deepwaters of the Caspian Sea, it was dubbed the 'Contract of the Century.' Now, the 'Contract of the New Century' has been signed…

Hurricane takes FID on Lancaster, starts fabrication

Sep 14, 2017

Hurricane Energy has made a final investment decision on its Lancaster early production system (EPS) development and expects regulatory approval shortly. The Lancaster EPS is a two-well tieback to a floating production, storage and loading facility that is expected to produce 17…

Qinterra, Altus combine

Sep 14, 2017

Qinterra Group’s North Sea well intervention specialist Altus Intervention and its international technology arm, Qinterra Technologies have combined. With headquarters in Stavanger, Norway, the combined group will be known as Altus Intervention…

Wood Group supports CNOOC subsea development

Sep 14, 2017

Wood Group has been awarded a new contract by China National Offshore Oil Corp. (CNOOC) to support the Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea. Subsea and flow assurance services will be provided under the contract…

Video: Shell's Prelude storm safe

Sep 13, 2017

Shell has secured its Prelude floating liquefied natural gas (FLNG) facility to the seabed offshore Western Australia, after completing the installation of eight of the 16 mooring lines. Illustration of Prelude's turret mooring system…

Gulfslope JV to drill three GoM wells

Sep 13, 2017

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 files for bankruptcy

Sep 13, 2017

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…

Isle of Man launches licensing round

Sep 13, 2017

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…

Archer wins Repsol Norge P&A

Sep 13, 2017

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 bags BW Gabon campaign

Sep 13, 2017

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 unveils DELFI

Sep 13, 2017

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…

Wärtsilä, AW-Energy ink WaveRoller pact

Sep 12, 2017

Wärtsilä and Finnish-based AW-Energy have signed a global co-operation agreement covering sales and delivery of WaveRoller, a wave energy technology developed by AW-Energy, on a turnkey basis across the life-cycle. WaveRoller…

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