Oil majors Statoil, Eni, Total and ExxonMobil have submitted rival bids for three exploration blocks offshore Cyprus in the country's 3rd Licensing Round. Three blocks - 6, 8 and 10 - in the Mediterranean Sea were put on offer, with six applications made…
Norway's Statoil has made a gas condensate and oil discovery southwest of the Oseberg Sør facility in the North Sea, according to the Norwegian Petroleum Directorate (NPD). The discovery, in production license 035/272, was made through the wildcat wells 30/11-14 and 30/11-14 B…
The US Bureau of Safety and Environmental Enforcement (BSEE) has issued recommendations for safety measures developed from the investigations into two offshore incidents involving the use of hydraulic casing jacks, where one incident resulted in a fatality…
McDermott International and Nakilat-Keppel Offshore Marine (N-KOM) have signed a memorandum of understanding for an exclusive cooperation agreement to pursue offshore engineering, procurement, construction and installation (EPCI) projects within Qatari waters…
Independent explorer Tullow Oil has returned to a profit and is looking forward to first production on its TEN project offshore Ghana next month, on schedule, and focusing its exploration efforts on South America. TEN, a floating production…
Claxton, an Acteon company, has been awarded a contract with Statoil to provide 'rigless recovery' of seven abandoned wells on the Huldra platform, located in the Norwegian Continental Shelf. Work is due to start in December 2016 and complete within 21 days…
Large, highly enriched accumulations of natural gas hydrates have been discovered in the Bay of Bengal, India, according to the US Geological Survey (USGS). It is the first discovery of its kind in the Indian Ocean that has the potential to be producible…
Technip has won am engineering, procurement, installation and pre-commissioning contract from Australia's Woodside for the Greater Enfield Project. Greater Enfield is 60km off Exmouth in Western Australia in 340-850m water depth. The…
The UK's offhsore regulator, the Oil and Gas Authority (OGA), has launched the 29th Offshore Licensing Round, with more than 1200 blocks on offer. The latest round has been set out to support the OGA’s objective of maximizing economic recovery…
Golar LNG and Schlumberger have formed a new joint venture, OneLNG, to rapidly develop low cost gas reserves to LNG. The combination of Schlumberger reservoir knowledge, wellbore technologies and production management capabilities…
Oil firms have shown a strong 'survival' reflex, achieving cash flow neutrality at US$50/bbl, but it's at the cost of investment and will damage growth, according to analysis by Wood Mackenzie. The firm says 56 companies covered in its…
Nearly 400 members of Unite and RMT unions working for Wood Group across eight Shell oil and gas platforms in the North Sea have gone on strike today. The strike is the first in 28 years and is over a dispute over 30% pay cuts and changes to allowances…
The Norwegian Petroleum Directorate has granted Statoil Petroleum drilling permit for well 6407/7-9 S using the Songa Delta semisubmersible drilling rig. The well, also called Njord NF2, is in production licence PL 107 C, operated by…
Norwegian independent Det norske has marked the installation of the Ivar Aasen development topside. The 15,000-tonne topside has now been installed on the jacket, in two lifts using the Saipem 7000, on the Norwegian Continental Shelf…
UAE-based rig builder and engineering firm Lamprell says delivery of a jackup drilling rig, which had been scheduled for delivery in Q2 2016, has been delayed due to an issue with equipment supplied by an original equipment manufacturer. According to a November 2015 presentation by Lamprell…