London-listed oil minor MX Oil is hoping to raise about US$6.26 million through issuing new shares to fund the work on the Aje field offshore Nigeria. Production started from Aje, in block OML 113, last year, but has been limited by the performance of the Aje-5 well…
FAR Ltd. says it has identified more than 1.5 billion bbl of undrilled oil prospectivity in its acreage offshore Senegal through the interpretation of new 3D seismic data. The Stena DRILLMAX is currently drilling the SNE-5 well…
Lloyd’s Register (LR), a provider of integrity, compliance and specialist risk consulting services, has begun its Subsea Inspection Services to support underwater inspections of subsea pipelines, assets and facilities to energy companies operating offshore…
BP is forecasting that renewables will become the fastest growing fuel source by 2035, nearly quadrupling over the next 20 years, according to the UK oil giant’s latest Energy Outlook. Image from BP…
Seabed Geosolutions, a joint venture between Fugro and CGG, has been awarded a 4D baseline ocean bottom node project in West Africa, with a duration of six-weeks. The crew is currently in the mobilization phase of the project, which will…
Sparrows Group has secured a contract to provide crane management services at the Kraken field in the UK North Sea. Over three years, Sparrows will provide support during the pre-operations and operations phase aboard the floating, production…
Total 2016 offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010, according to Norwegian consultancy Rystad. Furthermore, Rystad says total global discovered volumes (oil and gas combined) are their lowest since the 1940s…
China's CNOOC started production at its Enping 23-1 oil fields, in the Pearl River Mouth Basin of the South China Sea. The oil fields have an average water depth of approximately 90m, in which CNOOC holds 100% interest. There are currently three wells producing approximately 5600 b/d…
Italian operator Eni has been hit with a string of safety related orders from Norway's Petroleum Safety Authority (PSA) following 'serious' regulatory breaches on the Goliat facility in the Barents Sea. The PSA has ordered Eni to reassess its current plans…
Production on 10 January 2017 from the Beibu Gulf fields, offshore China, reached a total of 13.9 MMbbl, according to Horizon Oil. Up until this point, the Block 22/12 participants have been paying a fixed operating tariff of US$4.75/bbl to China National Offshore Oil Corp…
The American Petroleum Institute’s (API) 2017 State of American Energy report made a clear statement: energy is everything. Image of Gerard, from API. API President and CEO Jack…
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…
ALE is approaching the final stages of its load-out operations for the Upper Zakum 750 Island Surface Facilities (UZ750) Project, based 84km offshore, northwest of Abu Dhabi, UAE. The heavy lifting contractor secured the scope to deliver almost 100 different modules to the north…
Mitra Energy has changed its name to Jadestone Energy, effective immediately. 'We are moving in a new direction and we want to be defined by our actions in the years ahead rather than by the past,” said Paul Blakeley, executive chairman…
Norwegian giant Statoil has started drilling at its Mariner field in the UK North Sea using the world’s largest jackup, with a target for first oil set for 2018. Image of the Mariner topsides at DSME…