French oil major Total and Brazilian national Petrobras have finalized the US$1.95 billion transfer of interests in the pre-salt Santos Basin from Petrobras to Total. The companies called the move a “decisive milestone” in a strategic alliance…
Shell has reach final investment decision on its Penguins fields redevelopment in what will be its first new manned installation in the northern North Sea in almost 30 years. The project will see a newbuild floating production, storage…
The bodies of five senior Oil and National Gas Co. (ONGC) staff and one of their helicopter pilots have been recovered followed a crash offshore Mumbai, India, on Saturday. ONGC's Twitter announced today (15 January) that a seventh body has been found and brought to Mumbai…
Houston-based marine seismic node firm FairfieldNodal has finalized its acquisition of UK-based marine geophysical services firm WGP Group from Thalassa Holdings. The acquisition will have an effective date of 31 December 2017. FairfieldNodal…
Repsol's Norwegian subsidiary has set out plans to decommission its Rev field in the Norwegian North Sea. The Rev field, in Production Licence 038C, Block 15/12 on the Norwegian Continental Shelf, comprises four seabed installations split into two separate areas…
Spirit Energy, the new name for what was Centrica's exploration and production business, has been given permission by Norway's Petroleum Safety Authority to drill an appraisal well and a side track on the Fogelberg discovery in the Norwegian…
Julie J. Robertson will succeed David W. Williams as Noble Corp. chairman, president and CEO, effective February 2018. Julie Robertson. Image from Noble Corp. UK-based offshore driller Noble…
The Norwegian Petroleum Directorate (NPD) says that while oil production is down on the Norwegian Continential Shelf (NCS), overall production rose for the fourth straight year. The NPD's forecasts indicate that the production increase will continue toward 2023…
Premier Oil announced in its trading and operations update that it is working with joint venture partners Talos Energy (operator) and Sierra Oil & Gas to progress the appraisal program for the Zama-1 discovery in block 7 in the Sureste Basin offshore Tabasco…
UK-based explorer Rockhopper says the Premier Oil-operated Sea Lion project, offshore the Falkland Islands, is moving towards sanction by year's end. Sea Lion schematic Phase 1, 2, and 3. Image from Rockhopper…
US-based Stone Energy hit oil at its 100%-owned Mt. Providence development well in Mississippi Canyon block 28, in the deepwater US Gulf of Mexico. The Mt. Providence well (also known as MC 28 #4) hit approximately 153ft of high quality…
Tullow Oil has picked up six licenses offshore Peru, spanning 28,000sq km, the UK-based firm confirmed today (10 January). Map of Peru blocks. Image from Tullow. Following negotiations with Perupetro…
Bechtel and TechnipFMC have been awarded front end engineering and design (FEED) contracts for Abu Dhabi National Oil Company's (ADNOC) offshore ultra-sour gas project in the United Arab Emirates (UAE). The project comprises the Hail…
Houston-based Northern Offshore has sold two jackup drilling rigs, which are to be turned into platform support units. The Energy Endeavour, constructed in 1982, and the Energy Enhancer (1982), were sold to Dixstone Holdings, an affiliate of Perenco Group…
Lundin Petroleum's Hurri exploration well in the Norwegian southern Barents Sea was dry. The well, 7219/12-3S, drilled using the Leiv Eiriksson semisubmersible drilling rig, in PL533, in the southern Barents Sea, was dry, says operator Lundin…