Lundin Petroleum terminated a US$265 million deal with M3nergy Investment for the sale of the Bertam floating production and storage offloading (FPSO) vessel after the Malaysian company failed to secure the required financing. The deal…
Modular aluminum profile manufacturer Boldman has developed a mobile ballistic test cell to help increase efficiency and reduce costs in oil and gas industry testing. The cell uses a lot of the innovations that are used in Boldman’s existing large fixed cells…
UAE-based engineering and fabrication firm Lamprell has recruited Petrofac exec Christopher McDonald to become its CEO as of 1 October 2016. McDonald will succeed Jim Moffat, who is retiring from the company. McDonald has held the…
Statoil has been approved to use newbuild Cat D semisubmersible drilling rig Songa Enabler to drill three wells - two production and one CO2 reinjection - at the Snøhvit gas field in the Barents Sea. Snøhvit started production in 2007 via a subsea development…
Cobalt International Energy is setting Angola as its number one priority, as the Houston-based company disclosed a multimillion-dollar loss in Q2 2016 due to a dry well in the Gulf of Mexico. The Rowan Reliance drillship…
Det norske has taken over the operatorship for production license 442 from Centrica and has been given consent to drill an exploration well in a prospect named Langfjellet by the Petroleum Safety Authority Norway (PSA). Well 25/2-18 S…
UK supermajor BP has completed construction work of Clair Ridge, west of Shetlands Islands, bringing its US$6 billion investment closer to production. Clair Ridge. Image from BP United Kingdom Twitter…
Vaalco Energy entered into a deal with Sojitz Etame to acquire an additional 3.23% stake in the Etame Marin Permit, offshore of the Republic of Gabon, West Africa. Gabon operations. Image from Vaalco…
Fugro completed a 33-month period of metocean data acquisition for Hess Ghana Exploration, offshore western Ghana. Measurements were made at three locations in an area offshore western Ghana known as the Deepwater Tano/Cape Three Points block…
Quadrant Energy started drilling the Driftwood-1 well in the WA-320-P permit area in the Carnarvon Basin, offshore Western Australia. The well, being drilled with the Noble Tom Prosser jackup, is in the Barrow sub-basin of the Northern Carnarvon Basin…
Drilling and well performance solutions firm eDrilling, and drilling optimization company SynepsisDart have announced a new partnership to help exploration and production companies drill wells safer, quicker and cheaper. SynepsisDART…
DNV GL has been awarded a five-year contract to provide in-service verification work for Wintershall Noordzee's RAVN and A6-A platforms. The two platforms based in the North Sea are the unmanned RAVN in the Danish sector and manned A6-A in the German sector…
Offshore Ireland focused Europa Oil & Gas has had its Phase 1 Frontier Exploration Licences (FEL) 2/13 and 3/13 in the South Porcupine Basin extended by one year to 4 July 2017. The extension will allow Europa to mature existing prospects…
UK-based independent Ithaca Energy has expanded its holdings in the Greater Stella Area (GSA) through four agreements, which increases its stake in the Vorlich discovery and gives it an operated interest in the Austen discovery. Through agreements with ENGIE E&P…
The UK's Oil and Gas Authority (OGA) has awarded four contracts with a combined value of more than £6 million over three years for surface and subsurface studies to improve understanding and maximize value by integrating exploration, development…