Penspen, a provider of engineering and project management services to the energy industry, has signed a strategic alliance agreement with Nigerian engineering firm Crestech. The partnership will enable the two businesses to provide engineering…
Empyrean Energy has been awarded a permit for 100% of the exploration rights for Block 29/11, located in the Pearl River Mouth Basin (PRMB), offshore China, following a successful application to the China National Offshore Oil Corp. Empyrean…
ExxonMobil has picked SBM Offshore to perform front-end engineering and design (FEED) for the floating production and storage offload unit (FPSO) for the supermajor’s Liza development offshore Guyana. In addition, subject to a final investment decision (FID)…
Statoil’s Troll B has produced 1 billion boe since coming onstream two decades ago, with a further eight to 10 years of oil production expected, the Norwegian giant revealed today. Image of Troll B…
Independent Faroe Petroleum entered agreements with two banking facilities, which will provide substantial finance to underpin the company’s growth plans. The first, amounting to US$250 million is from the Reserve Base Lending Facility (RBL)…
Brazilian giant Petróleo Brasileiro (Petrobras) started production at the Lapa field, in the Santos basin pre-salt layer offshore Brazil. Image of the Cidade de Caraguatatuba, from Sofec. Petrobras…
With a growing realization that lower oil and gas prices are here to stay, Subsea UK has urged the industry to embrace the ‘new norm’ to safeguard the future of the UK’s £9billion (US$11 billion) subsea sector. Image of Gordon…
Petrobras, on behalf of the Libra consortium, has awarded geosciences company Benthic a contract for an offshore geotechnical investigation in the Libra field area, some 140mi off the coast of Rio de Janeiro, Brazil. Benthic’s portable…
Yes, it's that time of the year, when remotely operated vehicles become Santa's reindeer and Christmas trees are, well, actual Christmas trees! Just for you, we've pulled together a selection of some of this year's Christmas videos from offshore industry players…
In this video, Shell highlights the work its done for its Prelude FLNG project. From a shipyard in South Korea, to the remote Prelude gas field in North-West Australia, the project has come a long way.
Noble Energy is looking to drill a US$77 million appraisal and production well in the Leviathan area offshore Israel in Q1 2017, with a target of natural gas production from the giant field by the end of 2019, according to partner Delek Group…
BP has completed its deal with Cue Energy to take 80% interest in and operatorship of permit containing the Ironbark prospect, offshore northwest Australia. Under the deal, BP will fund 100% of the required work program on exploration permit WA-409-P for the next three years…
Africa-focused independent explorer Impact Oil and Gas has raised US$12.3 million, which is plans to spend on subsurface work, including 3D seismic survey covering approximately 1900sq km, offshore Namibia. In Namibia, Impact Oil and Gas operates Blocks 2913B…
Aberdeen Harbour's plans to expand its facilities into a bay south of the existing harbour has been sanctioned by the harbour board. The £350 million project, which was recently granted planning consent in the form of Marine Licenses and a Harbour Revision Order by the Scottish Government…
GMC was awarded two further caisson fabrications contracts from North Sea operators, following its recent and first caisson installation in the North Sea earlier this year. Image of the GMC SWL Caisson…