ExxonMobil’s double hit offshore Guyana this week has put the country in the spotlight with expectations of becoming a serious upstream player by early next decade, however, some roadblocks lie ahead, according to Wood Mackenzie. Map of Guyana…
Inpex awarded Fugro a five-year subsea inspection, repair and maintenance (IRM) services contract for the Ichthys project in the Timor Sea. Ichthys is about 220km from the coast of Western Australia. The contract, awarded by Inpex Operations Australia…
Italian operator Eni has been hit with a string of safety related orders from Norway's Petroleum Safety Authority (PSA) following 'serious' regulatory breaches on the Goliat facility in the Barents Sea. The PSA has ordered Eni to reassess its current plans…
Finalists for the 2017 Offshore Achievement Awards, supported by OE (Offshore Engineer) have been unveiled today. Hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, the annual awards recognize some of the industry’s…
CNOOC's shallow water Penglai 19-9 comprehensive adjustment project has started production. The Penglai 19-9 oilfield is in Bohai Bay, China, which has an average water depth of about 30m. The Penglai field, discovered in 1999, has been described as the largest offshore field in China…
Sturla Magnus has been appointed new executive vice president (EVP) for Structural Solutions and responsible for Kvaerner's yard at Verdal. He will start in his new position 1 April 2017 at the latest. Previous EVP of Structural Solutions…
Norway's Solstad Offshore (SOFF) has been awarded a subcontract with US-headquartered McDermott for the provision of light construction vessel services associated with Ichthys gas field development project, offshore Western Australia. Solstad's…
US independent Hess will increase its 2017 exploration and production (E&P) budget, turning its attention to activity offshore Norway, Guyana, and the Gulf of Mexico, the company announced on 12 January. Image from Hess…
Production on 10 January 2017 from the Beibu Gulf fields, offshore China, reached a total of 13.9 MMbbl, according to Horizon Oil. Up until this point, the Block 22/12 participants have been paying a fixed operating tariff of US$4.75/bbl to China National Offshore Oil Corp…
Oil and gas production on the Norwegian shelf is high. The adjustment process has been extensive, but the cost reductions implemented by the industry will lay the foundation for profitable activity for many years to come, the Norwegian Petroleum Directorate (NPD) said…
Ithaca Energy is further delaying its Stella field offshore the UK to February 2017 due to an electrical inspection program on the FPF-1 floating production facility. First oil was anticipated at the end of November 2016, and was pushed back to January 2017…
ExxonMobil has hit gold offshore Guyana with its new ultra deepwater Payara discovery, in addition to upping its ante at the giant Liza field. The Stena Carron, from Stena Drilling. The…
Premier Oil's Catcher North Sea floating production project is on schedule for startup later this year with a 29% reduced capital budget compared to when it was sanctioned, at US$1.6 billion. The Catcher area is expected to produce 96 MMboe…
Driven by the success of Eni’s major Zohr field gas discovery offshore Egypt in 2015, companies are rethinking the Eastern Mediterranean region’s gas potential, according to new analysis from IHS Markit. Total’s announcement that it will…
UK-listed independent Ophir Energy says preparations for drilling to restart on the deepwater Ayame-1 oil exploration well offshore Ivory Coast, Africa, are at an advanced stage. The well is expected to spud in late May and is targeting about 240 MMbbl Pmean recoverable resources…