Hess is dedicated to bringing its Stampede project online on-time and on-budget, with safety being the key to success. Jerry Lee dives into the finer details of the project, slated for 2018. In September 2016…
Unmanned autonomous systems and the internet of things are two phrases that are bandied about a lot. But, it’s not so often that they have come together and within the marine environment in a project involving offshore industry players – albeit those who also have a foot in the defense sector…
National Response Corp. (NRC) has established a Tier 2 oil spill response base in the Bay of Campeche region of Mexico. Driven by new shallow and deepwater drilling developments in Mexico, NRC’s Tier 2 base will support NRC exploration…
CIMC Offshore Co., a wholly-owned subsidiary of China International Marine Containers (CIMC) Co., intends to partner with Shenzhen Mangrove Venture Capital Co. and China Industrial International Trust Co. to jointly establish Tianjin Lanshui…
Egypt’s Oil Ministry has signed three oil and gas exploration agreements in the Mediterranean Sea worth an estimated US$220 million, according to news reports. Image from Eni. The deals are with supermajor BP…
Delek Group completed its deal with Dana Petroleum to gain 13.18% of Faroe Petroleum, expanding the Israeli firm’s North Sea footprint, and making it the majority holder in Faroe. Map of Faroe assets…
Energean has closed its deal with Delek Group, Avner Oil Exploration, and Delek Drilling for 100% stake in the I/16 Tanin and I/17 Karish leases, offshore Israel, paving the way for Energean to stick to its plan of first oil at the two fields in 2020…
Statoil has received consent from Norway’s Petroleum Safety Authority (PSA) to drill exploration well 6507/3-12 on the Mim prospect in the Norwegian Sea. Statoil is the operator for production licence 159B in block 6507/3 in the Norwegian Sea west of Sandnessjøen…
Norway’s Petroleum Safety Authority (PSA) has unveiled a number of failings, following an audit of Shell's management of the integrity of flexible risers, transfer lines and associated safety equipment on Knarr floating production and storage offloading (FPSO) unit…
The Petroleum Safety Authority Norway (PSA) has given Lundin Norway consent to drill exploration well 7120/1-5 in a prospect named Gohta. The prospect is located in Lundin-operated production license 492 (PL492), which is comprised of blocks 7120/1 and 7120/2 in the Barents Sea…
Brazil’s Petrobras has terminated its contract for the Golar Spirit floating storage and regasification unit (FSRU) one year early, according to Golar LNG. Image from Golar LNG. Golar…
In this video, supermajor BP gives a look back at its projects in 2016. Progress was made on several of its projects including Shah Deniz 2 off Azerbaijan, the Southern Gas Corridor pipeline from the Caspian Sea into Europe, Juniper in Trinidad and Tobago, Quad 204 in the UK, and more.
Aker BP started first oil at the Ivar Aasen field earlier this week, just four years after the plan for development and operations (PDO) was submitted. Image of Ivar Aasen, from Aker BP. Production…
Barakah Offshore Petroleum has won a two-year, US$4.4 million (RM20.0 million) contract from Murphy Oil to provide work on the company's Kikeh spar platform, offshore Malaysia. The work will be done by Barakah's wholly-owned subsidiary company…
The US Bureau of Ocean Energy Management (BOEM) will offer more than 9000 blocks, spanning more than 48 million acres in the Central Gulf of Mexico (GoM) Lease Sale 247, which is the Obama Administration's final GoM sale in its five year program…