Italy’s Eni is entering Montenegro’s upstream market by exploring four blocks. Eni signed a concession contract with the government of Montenegro for the exploration of four offshore blocks covering a total area of 1228sq km that were…
Development costs to first oil for the Sea Lion project off the Falklands have been reduced to US$1.5 billion with more savings possible, according to partner Rockhopper exploration. The UK-based independent also says the 2C, or proved plus probable reserves…
Statoil and CHC Helicopter have celebrated the inaugural flight to the Mariner field, Statoil’s first operated field development on the UK continental shelf (UKCS). The flight left CHC’s Aberdeen Airport base this week heading for the Mariner B floating storage unit (FSU)…
UK independent Parkmead has increased its stake in its operated Perth and Dolphin oil fields in the Moray Firth area of the UK central North Sea. Perth and Dolphin are central to Parkmead's Perth-Dolphin-Lowlander (PDL) oil hub project…
PGS and TGS-NOPEC Geophysical Co. (TGS) have jointly agreed principal terms and conditions for purchase of a majority of the multiclient library of Dolphin UK. PGS and TGS will make this purchase on a 50/50 basis. This purchase represents a limited initial cash outlay for PGS…
Petrobras’ daily oil and natural gas production for the month of August totaled 2.84 MMboe, 2.72 MMboe of which was produced in Brazil and 0.12 MMboe was produced abroad. Brazil registered record oil and gas monthly production in August…
Ophir Energy restarted production at the Bualuang field in the Gulf of Thailand on 2 September after a 10-day shut down, following the completion of the final tie-in work of a water debottlenecking project. This was a highly complex brownfield…
Shell has awarded the duo of Sulzer and FMC Technologies a subsea multiphase boosting pump contract to upgrade one of the pumping modules in the supermajor’s Parque das Conchas, a deepwater oil field off the coast of Brazil. Image from Sulzer…
Pura Vida is searching for farm out opportunites with industry partners for the commercialization of the Loba complex offshore Gabon that has an 81% chance of commercial success, according to the company. Funding the forward work program for the Nkembe block…
Statoil is looking to create “a strong ripple effect” from its largest field yet, the Johan Castberg project, in the Barents Sea that will generate spin-offs, and be prepared for future electrification. Johan Castberg field illustration…
Aker Solutions, Det norske oljeselskap and Subsea 7 have agreed on what the three companies are calling a 'one for all, all for one' collaboration alliance to work on developing the operator's subsea field portfolio. The move, which they…
Anadarko Petroleum will purchase the Gulf of Mexico (GoM) assets of Phoenix, Arizona-based minerals company Freeport-McMoRan (FCX) for US$2 billion cash consideration, the Houston-based independent said on 12 September. Anadarko’s…
Vattenfall won the Danish Near Shore Wind Tender (DNS) after delivering the lowest bids of .475 kr/kWh on 1 September for two sites, Vesterhav Syd and Vesterhav Nord. Prior to construction start, Vattenfall needs a final approval from the Danish government…
Statoil has appointed Hedda Felin as its new managing director of Statoil Production UK, less than one year after appointing Felin’s predecessor, who has left the company. Formerly a senior vice president for Statoil, Felin is the new head of the company’s Aberdeen office…
Eni’s Nooros field offshore Egypt reached a new record in 13 months of 128,000 boe/d, with plans to drill more wells in the area. Image from Eni. The Italian giant confirmed production at Nooros reached 700 MMcf/d…