Newcomer Borr Drilling has landed its first deal with a supermajor. Borr and its Nigerian partner company Valiant Energy Services West received a letter of commitment from Total E&P Nigeria for the Frigg jackup. The deal is for a firm one-year period with a possible extension…
Shell is buying the deepest floating production unit in the world, the Turritella floating production storage and offloading (FPSO) unit in a US$1 billion cash deal that will allow the supermajor to assume operatorship of the entire Stones development in the deepwater Gulf of Mexico…
Ensco has been awarded three drillship contracts offshore West Africa, representing an aggregate three years of contracted term and more than six additional years of options. ENSCO DS-4 is expected to start a two-year contract with Chevron offshore Nigeria in August 2017…
Veolia and Peterson have accepted the first offshore structure into their Great Yarmouth decommissioning facility. Image from Veolia. The Shell Leman BH platform accommodation block…
Sparrows Group has been awarded a 3.5 year extension to its inspection services contract for Stena Drilling’s global fleet of drilling vessels. The contract scope includes carrying out LOLER lifting gear surveys, potential dropped objects surveys…
This week, France’s Total and Qatar Petroleum (QP) will officially take over operatorship from Maersk Oil of the giant Al-Shaheen oil field offshore Qatar for a term of 25 years. Al-Shaheen. Image from Maersk Oil…
Statoil has awarded Apply Leirvik a US$48 million (NOK 400 million) contract for the delivery of the living quarters module for the Peregrino II Platform in the Campos Basin offshore Brazil. Illustration of Peregrino II…
COSL Drilling Europe has been able to rescue to of its rigs from warm stacking this month. The company announced a new contract from Lundin Norway for the use of the COSLInnovator to drill one well, with the addition of an option of eight wells…
Cairn Energy is to plug and abandon its FAN South-1 well in the South Fan prospect offshore Senegal, and move to its next drilling target in the region, the SNE North, or Sirius, prospect. FAN South-1 was drilled in ~2175m water depth…
French offshore industry vessel operator Bourbon has agreed a memorandum of understanding (MOU) with Automated Ships Limited (ASL) to support the building of the world’s first autonomous, fully-automated and cost-efficient prototype vessel for offshore operations…
The number of upstream projects reaching final investment decision (FID) in 2017 could double to 25 compared to only 12 last year, according to a report by Wood Mackenzie. In the first half of the year, the industry has already seen 15 project sanctions…
New gas discoveries and increased sanctioning activity is expected to break the downward production trend in Trinidad, according to Rystad Energy. Last month on 2 June 2017, BP Trinidad & Tobago (BPTT) announced two new gas discoveries…
Upon completing the analysis of royalty rates for offshore oil and gas leases, the US Bureau of Ocean Energy Management (BOEM) has decided to lower royalty rates for the Gulf of Mexico Lease Sale 249. BOEM has set the royalty rate at 12…
Noway’s Petroleum Safety Authority (PSA) has approved for Statoil to drill exploration well 7317/9-1 in the Barents Sea. The wildcat is in a prospect named Koigen Central, in production license 718, in which Statoil is the operator. Drilling will begin in August 2017 at the earliest…
Petronas has given Enra a letter of award to provide condensate storing and offloading services for the Yetagun gas field, off Myanmar. The deal is between Petronas subsidiary PC Myanmar (Hong Kong) Ltd. (PCML), and Enra’s 60%-owned subsidiary…