A cutting ceremony was held Friday for the DES Innovative Drilling System project at Huisman China.The drilling system, to be integrated and installed on a moored drilling semi-submersible constructed at CMHI Haimen, will be used for oil and…
Turkey will begin drilling for resources around Cyprus, Foreign Minister Mevlut Cavusoglu said on Friday, a move that could create tensions with neighboring Cyprus and Greece over ownership of natural resources.Attempts to tap gas and oil in…
Britain's public spending watchdog on Friday questioned a government estimate of 24 billion pounds ($31 billion) as the cost of tax relief to decommission oil and gas infrastructure.As one of the oldest and most mature oil basins, Britain's…
Total E&P Danmark A/S has awarded IKM Testing a contract for the Tyra redevelopment project on the Danish continental shelf. The contract, which includes cleaning and preparation for the removal of existing platforms and associated subsea pipelines…
Wood is using a global yet regional approach to complete offshore projects around the world.Kent McAllister, Wood’s president for capital projects upstream & midstream, called Equinor’s Peregrino 2 project a good example of that kind of global yet regional approach…
An appraisal well in the Zama project offshore Mexico showed more potential for oil, raising hopes of a large discovery, operator Talos Energy said on Thursday.The Zama project in Block 7 offshore Mexico is operated by Talos, whose partners include Sierra Oil and Gas and Premier Oil…
Marine seismic surveyor SeaBird Exploration announced Thursday it has secured extensions for two existing contracts.The contract for the 2D/3D shallow water vessel Voyager Explorer, which is working on an ocean bottom node survey in the Far East…
UAE-based marine geophysical company Polarcus announced Thursday it has been awarded a 3D marine seismic acquisition project offshore Mexico for an unnamed customer.Polarcus said the project duration is approximately 45-days and is scheduled to commence in the second quarter of 2019.
McDermott International announced Thursday it has secured a contract award by BP Trinidad & Tobago (bpTT) for the engineering, procurement and construction (EPC) of the Cassia Compression Platform, located 57 kilometers southeast off the coast of Trinidad…
Santos Ltd, Australia's No. 2 independent gas producer, on Thursday said it expects 2019 production to rise by up to 32 percent boosted by the acquisition of Quadrant assets.The company expects to churn out 71 million to 78 million barrels of oil equivalent (mmboe) in 2019…
Africa's offshore oil and gas potential remains largely unexploited, and 2019 may turn out to be a good indicator on whether countries with shallow-, deep- and ultra-deepwater hydrocarbon resources can make headway in attracting exploration and production investments…
Lundin has received consent from the Norwegian Petroleum Safety Authority to drill two exploration wells east of the Edvard Grieg field in the central North Sea.PSA announced Wednesday it has given Lundin consent for exploration drilling and…
U.S. based Oceaneering International has secured three subsea umbilical contracts valued in excess of $80 million in total. The contracts with major international operators are to supply developments in the Mediterranean Sea, the North Sea and the South China Sea…
Offshore drilling contractor Transocean announced Wednesday that its wholly owned indirect subsidiary Transocean Poseidon commenced a private offering of $550 million in aggregate principal amount of senior secured notes due 2027.The net proceeds…
Total is an acknowledged subsea and deepwater exploration and production (E&P) pioneer, having begun to explore subsea technology in the late 1960s, and being one of the early players in the deepwater scene with the Girassol field located in Block 17…