Global offshore deepwater drilling services provider Ocean Rig UDW received a termination notice from Italian giant Eni for the Ocean Rig Olympia deepwater drillship. According to Ocean Rig, “due to the dramatic fall of the crude oil price and the volatile market context…
Equatorial Guineas’ Ministry of Mines, Industry and Energy, on behalf of the government of Equatorial Guinea signed a production sharing contract (PSC) with ExxonMobil E&P Equatorial Guinea (Offshore) and GEPetrol for Block EG-06, offshore Bioko Island…
Heerema Fabrication Group (HFG) says Marathon's Alba B3 topside and jacket have now been installed offshore Equatorial Guinea. The 2000-ton, four-legged jacket, built at HFG's Vlissingen yard in the Netherlands, supports the 4500-ton B3 compression platform…
The second appraisal well, SNE-3, to be drilled on the SNE oil field, 100km offshore Senegal, has been re-entered and will now be drilled to planned total depth. SNE-3 well, located approximately 3km south of the initial SNE-1 discovery well…
Atlantic margin focused explorer Chariot Oil & Gas has started a 3D seismic acquisition survey of approximately 2600sq km in Blocks 2312 & 2412A (the “Central Blocks”) offshore Namibia. The survey is being conducted by PGS Exploration…
Subsidiary companies within the SapuraKencana Group have been awarded contracts and extensions with a combined value of approximately US$117 million (RM503 million). Image from SapuraKencana. SapuraKencana HL Sdn…
Tullow Oil's TEN project is now 80% complete, with first oil scheduled for between July and August this year, the firm said this morning. Sailaway of the TEN FPSO from Singapore to Ghana is expected late January, with arrival in Ghana in early March…
Italy’s Eni commenced production from the Mpungi field offshore Angola that will bring production ramp up in the West Hub Development Project to about 100,000 boe/d this quarter. N’Goma FPSO. Image from SBM Offshore…
Baker Hughes’ rig count for December 2015 shows decreases across five of the six regions with the US suffering the most, representing a 59.3% drop year-on-year, and the Middle East with the only increase. Image from iStock…
While the oil price has sucked much wind out of the sails of the FPSO industry, work must go on. And there are still quite a few projects lined up from 2016-2018. Infield Systems presents this list of conversion and newbuild construction projects…
Nigeria is eying an opportunity to integrate floating production units on home turf, potentially even building them from scratch. Elaine Maslin found out more. ADOL from the air. Photos…
OE reached out to analysts Wood Mackenzie and IHS Energy to find out the view on the next 12-18 months. And the outlook is not so great for exploration spend. Audrey Leon and Elaine Maslin report. Wood Mackenzie Image from iStock…
Well plugging and abandonment activity as part of offshore decommissioning is starting to ramp up – but could it be done better? Elaine Maslin reports. Interwell’s exothermic P&A solution. Image from Interwell…
Map of CI-508. From Genel. Vitol Energy is plugging and abandoning the Aigle-1X exploration well off the Ivory Coast after failing to encounter hydrocarbons, according to partner Genel Energy…
Subsea 7 inked a contract estimated to be between US$50 million to $150 million with Burullus Gas Co. for the platform extension and tie-in on the first phase of BP's West Nile Delta development of the Taurus and Libra fields, offshore Egypt…