Amid Petróleo Brasileiro’s (Petrobras) largest net quarterly loss in its history of US$10.2 billion (36.9 billion BRL), the Brazilian giant also confirmed its biggest oil column discovery at its Libra field. Petrobras headquarters…
Premier Oil anticipates to spud the Bagpuss well on 7 July, located in the UKCS Block 13/24c on the Halibut Horst, in the UK North Sea, according to partner North Sea Energy. An option has been exercised for the Ocean Valiant semisubmersible rig to drill the well…
Dana Petroleum awarded Fugro to supply ROV drilling support services on board the Ocean Guardian MODU at the Dana-operated Western Isles developments in the northern North Sea. Operating one of its fleet of FCV 600 ROVs, specifically designed for North Sea drill support activities…
The organizers of SPE Offshore Europe have announced the chairman for the 2017 edition of the biennial event – and she says now is the time for the industry to reinvent itself. Catherine MacGregor (pictured, right), President Europe & Africa…
Lundin Petroleum has announced that it has entered into a committed short term revolving credit facility (RCF) of US$300 million and received additional commitments of $135 million under the reserve-based lending (RBL) facility accordion…
The European Union (EU) is delaying Halliburton’s US$34.6 billion pending takeover of Baker Hughes once again, after not receiving key data about the deal, the European Commission (EC) said in a statement. Image from Halliburton…
Douglas Westwood (DW) has revised its outlook considerably for West Africa’s deepwater prospects by 44% amid project delays and cancelations. A year ago, DW said that exploration and production (E&P) companies within West Africa were…
Bourbon has taken delivery of the Bourbon Arctic from the Vard Brattvåg shipyard (Norway) and completed her first anchor handling operation. The vessel was engaged in the disconnection and unmooring operation of the Island Innovator located at the Fosen field in the central North Sea…
Byron Energy has started drilling a sidetrack well to the SM 6#2 well in the Gulf of Mexico, after a drill pipe became stuck with several unsuccessful attempts over a three-day period to free it, according to partner Otto Energy. Map…
Statoil’s Batwind, a new battery storage solution for offshore wind energy, will be piloted in the world’s first floating wind farm, the Hywind pilot park off the coast of Peterhead in Aberdeenshire, Scotland. Batwind illustration…
Antelope Oil Tool (AOT), a manufacturer and supplier of casing and cementation equipment, has successfully run their CentraMax RT1 centralizer in ultra-deepwater Gulf of Mexico, in a deviated and under-reamed wellbore. A customer faced…
Offshore accommodation and workspace specialist HB Rentals was granted an ABS Certification of Design Assessment for its high demand 11ft by 32ft– eight-man sleeper – accommodation module. This achievement now sees this latest generation…
In an effort to restructure and transform, Eni’s 2016-2019 strategic plan is aimed for a competitive cost structure, which includes a total of US$7.9 billion (€7 billion) of disposed assets by 2019, in addition to an efficient operating model…
Prosafe’s Safe Boreas harsh environment accommodation vessel has commenced an eight-month contract with Talisman Sinopec Energy in the North Sea. The US$60 million contract comes with options. The Safe Boreas commenced operations…
Siem Offshore has been awarded two contracts for operation in the North Sea, and off Australia. Image of the MV Siem Marlin, from Siem. Contractors GmbH (SOC), a wholly owned…