Fractured basement explorer Hurricane Energy is set to raise US$520 million to help it fund its Lancaster early production system (EPS), west of Shetland. The cash would be through a $300 million in a share placing and a further $220 million in a convertible bond offering…
Subsea 7 has acquired parts of EMAS Chiyoda Subsea (ECS), following the firm's fall into Chapter 11 bankruptcy proceedings in the US. The Lewek Constellation. Subsea…
The U.S. Department of Interior (DOI) is taking its first step in fulfilling the Trump administration’s pledge to expand Outer Continental Shelf (OCS) oil and gas leasing opportunities by submitting a request for information (RFI) to create a new 2017-2022 offshore lease plan…
BP has decided to exit its 50% interest in Block 24/11 offshore southern Angola after concluding that its 2014 Katambi gas discovery there is not commercial. Due to the exit from Block 24/11 and other exploration write-offs in Angola…
The Norwegian Petroleum Directorate (NPD) has granted Lundin Petroleum subsidiary Lundin Norway AS a drilling permit to drill a wildcat well in the Barents Sea. The company will drill well 7220/6-3 in Production License 609 using the Leiv Eiriksson semisubmersible…
The Bureau of Ocean Energy Management (BOEM) completed its required evaluation to ensure the public receives fair market value for tracts leased in Central Gulf of Mexico Oil and Gas Lease Sale 247, held on March 22 of this year. The…
Norwegian operator Statoil has released footage of the mating of its Hywind floating wind turbine towers, complete with nacelle and blades, with the spar-hull structures that will support them. The operation, carried out in a fjord, Norway…
A new cost estimate for decommissioning all oil and gas infrastructure on the UK Continental Shelf has been put at US$77.45 billion (£59.7 billion), an increase on previous estimates of US$68.79 (£53 billion). But, the Oil and Gas Authority…
Keppel Offshore & Marine Ltd subsidiary, Keppel Shipyard has won four contracts worth a total of $61.5 million (S$85 million) for the conversion, repair and modification of vessels. The first contract is from Dixstone Holdings Ltd, for…
Drilling contractor Noble Corporation Plc has awarded a contract to AFGlobal to provide and install an integrated deepwater managed pressure drilling (MPD) system. “The addition of MPD systems to our rig fleet will provide a valuable…
Lundin Petroleum has received permission from Norway’s Petroleum Safety Authority (PSA) to drill an exploration well in the Barents Sea using the semisubmersible Leiv Eiriksson. The company will start drilling next month at Block 7220/6…
Rosneft and A. P. Moller Maersk, which owns drilling firm Maersk Drilling and oil firm Maersk Oil, as well as a huge container shipping business, are among a slew of companies across the globe hit by the Petya ransomeware virus. The virus…
Providence Resources and its partners have signed a contract for the Stena IceMAX deepwater drillship for drilling on the Druid and Drombeg prospects in the southern Porcupine Basin, offshore Ireland. Druid and Drombeg are in Frontier Exploration Licence (FEL) 2/14…
First gas has been delivered on schedule from the Cayley field, the third and final new discovery to be brought on stream during the major redevelopment of the Montrose Area in the Central North Sea under operator Repsol Sinopec Resources UK…
All all-Italian team is hoping to offer the offshore industry smarter and more efficient solutions, by bringing their heads together. Elaine Maslin reports. Fincantieri's Overdrill. Photo from Fincantieri…