Shell’s Prelude floating liquefied natural gas (FLNG) facility floated out of the dry dock at Geoje, South Korea’s Samsung Heavy Industries yard, where the facility is currently under construction. Upon completion, Prelude FLNG will be the largest-ever floating facility…
The Shah Deniz gas field consortium in Azerbaijan will proceed with stage 2 development of the Caspian Sea field, opening its sources to Europe. Stage 2 includes offshore drilling and completion of 26 subsea wells, the construction of two bridge-linked platforms…
Italy’s Eni signed a string of agreements with Russian operators and a research institution. The first is a memorandum of understanding (MOU) between Eni and Novatek, which sees the two firms agreeing to future cooperation in offshore projects in the Mediterranean Sea…
Total has signed an exploration and production-sharing agreement for deepwater Block 41 with Oman’s Ministry of Oil & Gas, the company announced today. The block is off the northern Omani coast, northwest of the capital, Muscat. It spans 23850sq km…
Norway’s Statoil announced that a fifth natural gas discovery in Block 2 offshore Tanzania has opened up new play in the region. The Mronge-1 discovery, drilled in 2500m water depth by the Discoverer Americas drillship, 20km north of the Zafarani discovery…
Production commenced offshore Angola’s first deepwater development, utilizing BP Exploration’s (Angola) US$14 billion FPSO PSVM, the largest deepwater project in Africa. PSVM consists of four oilfields - Plutão, Saturno, Vénus and Marte…
Houston’s Cobalt International Energy, Inc. reported that its Lontra #1 presalt discovery well in Block 20, offshore Angola, found more oil and gas than estimated. Drill stem test placed Lontra’s well production at a stabilized flow rate…
The installation of topsides liquefaction equipment has begun on the Caribbean FLNG project that will be in service offshore Colombia, EPCIC contractor Wison Offshore & Marine Ltd. announced. The company said the vessel will be the world’s first FLNG in operation…
State-run Perupetro suspended auctions for nine blocks located in the Pisco, Lima, Mollendo and Trujillo because the companies involved submitted requests to alter their respective terms. Perupetro began marketing the blocks in early May…
BW Offshore has signed a letter of intent to acquire 30% of the Polvo oil field, located in the Campos basin in Brazil. Following the ongoing sale of BP’s stake in the Polvo field to HRT Participações em Petróleo S.A. (HRT), BW Offshore has the intention to acquire half of HRT’s stake…
Statoil ASA and partners Eni Norge AS and Petoro AS made an oil and gas discovery in the Skavl prospect in PL532, close to Johan Castberg in the Barents Sea. Well 7220/7-2 S, drilled by the semisubmersible rig West Hercules, proved a 22m…
Aibel will modify the Kristin semisubmersible platform in the Norwegian Sea as part of a project to connect it to the new Polarled pipeline. The contract, worth approximately NOK200 million (approximately US$3.2 million), was awarded as a…
Trinity Exploration & Production spudded the El Dorado exploration prospect, located offshore the west coast of Trinidad in the PGB license in 6ft of water. The well is 2km from Trinity-operated production infrastructure. Trinity is operating…
Mexico’s senate approved a new energy reform bill on Wednesday that will open the country’s oil and gas industry to private and foreign investment through production sharing agreements and licensing. President Enrique Pena Nieto’s ruling…
Brian Salerno, director of the Bureau of Safety and Environmental Enforcement (BSEE), cited 12 Gulf of Mexico operators for failure to comply with the Safety and Environmental Management Systems (SEMS) requirements of the Workplace Safety Rule…