Unmanned aerial vehicle (UAV) inspection and survey firm Cyberhawk Innovations has won a three-year framework with Dubai Petroleum for UAV inspections across all of its offshore assets. The agreement, which has the option to renew on a yearly basis for two years…
Wood Mackenzie's global corporate outlook for 2017 forecasts the oil and gas industry will turn cash flow positive for the first time since the downturn, if OPEC production cuts drive oil prices above US$55/bbl. Tom Ellacott, senior vice…
Quadrant Energy's Phoenix South-2 well offshore the NorthWest Shelf of Australia on the Caley prospect has made a gas and condensate discovery, according to partner Carnarvon Petroleum. The well, in permit WA-435-P, drilled an estimated…
Hurricane Energy has confirmed a 'very significant fractured basement discovery,' potentially containing more than 250 MMbbl recoverable, in its Lincoln field appraisal well offshore west of Shetland, UK, the firm says. The well has…
Oil major BP is to enter the 'emerging world-class hydrocarbon basin' offshore Senegal and Mauritania, with three exploration wells planned starting in 2017, leading to a new LNG hub, after agreeing a deal with independent Kosmos Energy. BP…
The US government’s Atlantic Wind Lease Sale 6 for 79,350 acres offshore New York was held this week, with Norway’s Statoil being declared the provisional winner. Atlantic Wind Lease Sale 6 map…
EnQuest has named Neil McCulloch as the company’s new chief operating officer (COO), who will also join the board as an executive director. McCulloch, currently EnQuest’s president, North Sea, is being promoted to the group position of COO…
Weatherford International has appointed Christoph Bausch as executive vice president and chief financial officer (CFO), effective 13 December 13. Bringing many years of financial and operational management experience, Bausch joined the…
As a result of a significant Fugro technology achievement, users of its G4 satellite correction service will be among the first in the world to benefit from Galileo’s much anticipated “initial services” launch, the company said. The launch…
A sustained low oil price environment has led to a large number of delayed maintenance activities as operators continue to look to reduce costs wherever possible. The offshore maintenance, modifications and operations (MMO) market experienced…
A new “think tank” has been launched to explore ways of tapping remaining gas supplies in the Southern North Sea. The SNS Rejuvenation Special Interest Group will look at ways of getting energy from reserves previously considered too tricky and expensive to exploit economically…
US deepwater player Anadarko has completed a deal to buy Freeport-McMoRan Oil & Gas deepwater Gulf of Mexico assets and announced two new Gulf of Mexico finds: Warrior and Phobos. Anadarko said the two finds highlighted the value of its…
North Sea explorer Independent Oil and Gas has seen an increase in resource estimates on two southern North Sea prospects, Elgood and Harvey, following 3D seismic reprocessing work. Harvey, initially thought to be one discovery and a nearby prospect are now thought to be linked…
Three Japanese companies have agreed on a project to jointly explore for oil and gas southwest of Sakhalin Island, working with Russia's Rosneft. The firms, Japan Oil, Gas and Metals National Corp. (JOGMEC), Inpex Corp and Marubeni Corp…
Aker BP extended the charter of the Safe Zephyrus semisubmersible accommodation vessel at the Ivar Aasen project in the Norwegian sector of the North Sea. The 10-day option extends on site operations through January 2017 and has a total value of about US$1…