Petrobras has released its new 2018-2022 business plan, in which the Brazilian giant has promised to maintain about the same level of investments in exploration and production (E&P) as it listed in last year's plan. Photo from OE/Audrey Leon…
Statoil awarded Transocean a 22-well contract in the Norwegian North Sea for the harsh environment semisubmersible Transocean Spitsbergen with an estimated duration of 33 months; plus two one-well options. The estimated firm backlog associated…
A total of 30 oil and gas discoveries were made in Q3 2017. Of these, 18 were conventional oil, one was heavy oil, one was unconventional gas, and the remaining 10 were conventional gas, according to analytics firm GlobalData. Among countries…
Geoscience firm TGS is to start a new multiclient acquisition project called Alonso 3D in the US Gulf of Mexico. Alonso 3D will cover 6172sq km in the Atwater Valley and Lloyd Ridge protraction areas of the US Gulf of Mexico. TGS says multi-level targets exist…
Norwegian seismic firm Polarcus has received a letter of award from TGS for the acquisition of 6172sq km of 3D seismic data in the Gulf of Mexico. TGS announced earlier today (21 December) that the firm will begin the Alonso 3D survey in February 2018…
Senegal and Mauritania are set for a raft of activity as two major projects move towards putting both countries on the deepwater map, while Cyprus waits in the wings. Elaine Maslin reports. (First published in the December 2017 OE.) Rokhaya Diallo Gunning…
Eni reported today (20 December) it has signed a Petroleum Agreement (PA) with the Moroccan State Company ONHYM to enter into the Tarfaya Offshore Shallow exploration permits I-XII in the Atlantic Ocean offshore the cities of Sidi Ifni, Tan Tan and Tarfaya…
Work is expected to start mid-December on TGS and Schlumberger’s new 2D seismic project offshore Egypt. The project will comprise acquisition of a 10,000 km 2D long-offset broadband multiclient seismic survey. Advanced new acquisition and…
VNG Norge has made a contract award to TechnipFMC for integrated engineering, procurement, construction and installation (iEPCI) on the Fenja field in the Norwegian Sea offshore Norway. The contract covers the provision of subsea equipment including umbilicals…
VNG Norge today (19 December) submitted the US$1.2 billion (NOK 10.2 billion) plan for development and operation (PDO) for the Fenja field in the Norwegian Sea. The company previously estimated its development plan for Fenja to cost $1.3 billion (NOK11…
UK fractured basement explorer Hurricane Energy has contracted floating production and subsea engineering firm Crondall Energy to provide engineering support during the early production system (EPS) project on the Lancaster field, West of Shetland…
Audrey Leon looks at some of 2017's 10 largest offshore discoveries. First published in the December 2017 OE. While exploration hasn’t been as hot as it used to be, the finds this year have been big and plentiful. Wood Mackenzie has provided the year’s 10 biggest finds by volume…
McDermott International and CB&I today (18 December) unveiled plans to combine in an all-stock transaction valued at US$6 billion. McDermott's DB 50. The companies say the merger will create…
Norwegian engineering and fabrication firm Kvaerner has been awarded a US$120 million (NOK1 billion) contract for delivery of the topside and steel jacket substructure for Valhall Flank West by operator Aker BP. Kvaerner's scope includes procurement…
Using non-intrusive inspection (NII) survey technologies could be worth US$310 million (£242 million) a year to UK North Sea operators through increased production and lower maintenance costs, according to a survey by the Oil & Gas Technology Centre (OGTC) and ABB…