New analysis by Wood Mackenzie looks at Mexico's Round One shallow water opportunities, a licensing round that includes nine shallow-water fields with a total of 356 MMboe of 2P reserves. These fields, which have not yet been put into production…
The Leviathan project takes another hit after the Palestine Power Generation Co. (PPGC) gave its notice to cancel its 20-year agreement to supply natural gas for Leviathan, offshore Israel. Map of Israel…
While most oil and gas operators and service companies are reducing expenses to keep costs down, some companies are beginning to falter due to financial distress. This month alone, two Houston-based companies, BPZ Energy (which trades under the name BPZ Resources) and Cal Dive International…
Premier Oil’s Pelikan is onstream after gas production began from the field, offshore Indonesia. Map from Premier Oil. The Pelikan field is located in the Natuna Sea Block A and has 75 Bcf of reserves…
Ocean Installer signed amendments with Statoil for umbilical marine installation at the Visund field and for riser replacement at the Troll B field, both in the North Sea. Image of the Normand Vision…
Raptor Oil Ltd, a pre-revenue start-up company is to invest £1.5 million on a new research and development (R&D) project to help boost performance in the oil and gas sector. Raptor is using proven proprietary signal processing technology…
An American data analytics and risk assessment firm based in Jersey City has bought Edinburgh, UK-based energy and mining industry analyst Wood Mackenzie. Verisk Analytics has agreed to buy the firm for US$2.8 billion from owners Hellman & Friedman and other Wood Mackenzie shareholders…
Drilling on the Spanish Point gas discovery in the northern Porcupine Basin offshore Ireland has again been set back. Operator Cairn Energy said today (10 March) that the well, planned for 1H this year, had been 'deferred pending discussions…
Energy Secretary Ed Davey has announced that civil servant Sir Patrick Brown will take up the role of chairperson of the North Sea's new regulator Oil and Gas Authority (OGA). Sir Patrick, former Permanent Secretary to the Department for Transport from 1991-1997…
Tunisian authorities Comité Consultatif des Hydrocarbures granted ADX Energy an additional six-month extension of the exploration period for the Kerkouane permit, offshore Tunisia. The extension ends on 7 August 2016. The ADX…
Statoil awarded Claxton Engineering Services a contract to supply conductor and internal centralizers to a minimum of 14 wells on the Gina Krog development, offshore Norway. Part of the Gina Krog centralizer order…
Solstad Offshore Asia Pacific awarded Norway-headquartered iSURVEY a marine construction support contract to provide positioning and survey support for its 2015 platform installation program in Thailand, on board the DLB Norce Endeavour. iSURVEY…
CNOOC Ltd. announced that its Qinhuangdao 32-6 comprehensive adjustment project has commenced production. The Qinhuangdao 32-6 oilfield is located at the central north of Bohai Bay with an average water depth of approximately 20m. The…
BP made its second gas discovery in the East Mediterranean Sea at its North Damietta Offshore concession in the East Nile Delta. Image from BP. The discovery was made at the Atoll…
SURF contractor Ceona has secured a Letter of Intent (LOI) for the company’s newbuild flagship field development vessel, the Ceona Amazon in the US Gulf of Mexico. The contract will be the Ceona Amazon's first as well as Ceona’s first…