In the Gulf of Mexico, Chevron is putting its focus on its deepwater assets, and is on the fast-track to sell its shelf assets in the area, as the company looks to divest up to US$10 billion in the next two years. Big Foot…
The International Association of Oil & Gas Producers (IOGP) has a new chair, Monika Hausenblas, Royal Dutch Shell’s executive vice president safety and environment. Hausenblas was elected at the February meeting of the IOGP’s management committee – IOGP’s equivalent of a board of directors…
Mexico’s Comisión Nacional de Hidrocarburos (CNH) authorized CGG to commence a multi-client airborne gravity and magnetic survey offshore Mexico, which will include the acquisition of approximately 200,000km over six areas across the Mexican Gulf of Mexico…
A Kaliningrad-focused subsidiary of Russia's Lukoil has been granted a right to explore for oil and gas in the Russian sector of the Baltic Sea. The area includes the D33 oil field, discovered in 2015 using a Russian-made jackup drilling rig…
Nexans Norway and IKM Subsea have come to an agreement to extend the current ROV services contracts on board the C/S Nexans Skagerrak. The contract value including options is NOK 75 million and duration term is firm for three years plus two yearly options…
Houston's Vantage Drilling has signed an agreement for a two-year extension of the ultra-deepwater drillship Tungsten Explorer contract. The contract, initially signed in 2013, and running from mid-2014 for two years, is now anticipated…
Italian explorer Eni hopes to start production from the giant Zohr gas field offshore Egypt by the end of 2017, after being approved to take over the development lease from Egypt's national Natural Gas Holding Company (EGAS). Zohr, described as Egypt's largest gas field to date…
The failure of UK-based independent explorer First Oil has resulted in partners EnQuest and Cairn Energy increasing their stakes in the Kraken heavy oil field development. First Oil had held 15% interest in the Kraken field in the UK North Sea…
UK-based engineering firm Wood Group has won a contract with Australia's Woodside to provide the detailed design of the Greater Western Flank Phase 2 (GWF-2) flowline system. The GWF-2 project is on the North West Shelf, offshore Western Australia…
The protracted low price environment is pushing the offshore marine supply chain to breaking point. Rig managers, offshore support vessel (OSV) contractors and subsea vessel owners are trading at 60-70% discounts to 2013 highs and every week seems to usher in a new wave of profit warnings…
West of Shetland basement fractured reservoir explorer Hurricane Energy has a new non-executive chairman after John Hogan announced his plans to step down from the board on completion of a three-year stint in the role in March of this year…
UK-based subsea power cable and umbilicals manufacturer JDR has been awarded two umbilical contracts by McDermott for two projects in the United Arab Emirates and Qatar. The first project includes three umbilicals with a total combined length of 9km…
Russia's Rosneft and Venezuela's national oil and gas company Petróleos de Venezuela (PDVSA), agreed to establish a 50-50 joint venture to develop the offshore natural gas fields Patao, Mejillones and potentially Rio Caribe in Venezuela. Rosneft will serve as project operator…
The Bureau of Safety and Environmental Enforcement (BSEE) staff recently participated in the Alaska Regional Response Team (RRT) meeting to update attendees on BSEE’s Arctic spill response database project. Image from BSEE…
ExxonMobil added 1 billion boe of proved oil and gas reserves in 2015 for a total of 24.8 billion boe that was a result of new developments, and a significant discovery offshore Guyana. Image from ExxonMobil…