The Russian government is temporarily banning new licenses for offshore field development on the Russian Arctic shelf, the Minister of Natural Resources and Environment Minister Sergei Donskoi has said. The move appears to be aimed at focusing investment on existing development projects…
Supermajor ExxonMobil and independent Oil Search have taken stakes in two deepwater licenses offshore Papua New Guinea, in the southwest Pacific. The move will see the two firms each take a 40% stake in the PPL 373 and PPL 375 licenses from Gini Energy…
Tidal power firm Atlantis Resources officially unveiling its MeyGen Project, the world's largest free stream tidal power project, at the Nigg Energy Park (Nigg) in Scotland this morning. The event was attended by Nicola Sturgeon, First Minister of Scotland…
The Inpex-led Ichthys LNG Project has reached a key milestone with both its central processing facility (CPF) and floating production, storage and offloading (FPSO) facility safely starting up their main power generators in the South Korean shipyards where they are being constructed…
MEO Australia has commenced farm-out process to secure funding partners to progress the technical assessment and drill the gigantic Beehive prospect in Bonaparte Basin, offshore Western Australia. Beehive in permit WA-488-P is fully owned by MEO…
Quadrant Energy has hit hydrocarbon-bearing reservoir within the Caley section in the Roc-2 well in the North West Shelf, offshore Western Australia, partner Carnarvon Petroleum confirmed. The results were confirmed during logging while…
Bumi Armada’s chief financial officer (CFO) Kenneth Murdoch, will step down from his role on 17 November 2016. Pierre Savy has been nominated as the acting CFO and will start in his new role with immediate effect. Murdoch will support Savy during this transition period…
Eni Norge’s management has decided to keep the Goliat field shut down until “measures are implemented and its platforms can be operated prudently.” Goliat. Image from Eni Norge. The…
Following a short weather related delay, the barge transporting the recently fabricated Hummer platform jacket has arrived on site in offshore Louisiana, according to Petsec Energy. Image of drilling operations at Hummer…
SBM Offshore has released a video of the Turritella floating production and storage offloading (FPSO) unit, as the vessel started commercial production at Shell’s Stones development in the deepwater Gulf of Mexico on 6 September. At Stones…
Thailand's Mermaid Maritime has won two contracts worth some US$5.1 million in Southeast Asia. The company said the first contract, scheduled to begin in Q1 2017, is with an international upstream company for installation works in the Natuna Sea…
Statoil and Statkraft signed a letter of intent (LOI) for Statoil to take over as operator of the Sheringham Shoal Offshore Wind Farm from January 2017. Sheringham Shoal, from Statoil. The…
Norway's SeaBird Exploration is to carry out a long offset 2D multi-client survey in the Barents Sea. SeaBird and Lundin Norway jointly designed the survey of deep seismic profiles to be acquired in the Barents Sea during September-October 2016…
Hurricane Energy's pilot well on the basement reservoir Lancaster discovery West of Shetland has indicated resources 'significantly greater' than the firm's 200 MMbbl base case, the company said this morning. Hurriane has completed…
UK independent Nobel Upstream has completed a deal to buy a 7.59% stake in the UK North Sea Maclure oil and gas field from Shell. Maclure was discovered in 1991 and put into production in 2002. Production in 2016 has averaged 8200 boe/d…