Anglo-Australian multinational mining, metals and petroleum company BHP Billiton plans to have a capital expenditure of US$1.5 billion in 2016 for its offshore projects, and to remain focused on high-return infill drilling opportunities in the Gulf of Mexico and Western Australia…
Castex Energy is set to fabricate and install a platform jacket over the Main Pass Block 270 #3 BP 1 well on its Hummer exploration prospect, in the Gulf of Mexico, according to partner Petsec Energy. The well is located about 50mi southeast of Venice…
Shell’s full year 2015 results are expected to record a significant drop of about 54% compared to 2014, in addition to a reduction of some 10,000 positions across BG Group and Shell in an effort to streamline and integrate the two companies…
Swedish exploration firm Lundin Petroleum's latest exploration well 6407/10-4 on the Lorry prospect in the Norwegian Sea has been classified as dry. The well, in PL700B, on the northern part of the Frøya High in the southern Norwegian Sea has been plugged and abandoned…
Wellhead engineering firm Plexus has won a contract with new customer Masirah Oil and its majority owned technology driven oil and gas company REX International for POS-GRIP Tersus Mudline equipment and a 10,000psi adjustable rental exploration wellhead for oil exploration offshore Oman…
Noble Corp. is expected to lay off 100-120 people that work on the Noble Danny Adkins semisubmersible drilling rig in the Gulf of Mexico. According to a letter from Noble’s director of personnel, to the Texas Workforce Commission, Noble…
Aqualis Offshore has been contracted by Petrofac to perform technical support services for its work on the BorWin gamma topside that is destined for the North Sea. The scope of work includes preparation of technical specifications for…
Mexico’s Pemex entered into deals with three companies in the Middle East following President Enrique Peña Nieto’s visit to the region. Image of Lozoya signing contracts. Image from Pemex Twitter…
In the awards in predefined areas (APA) round 2015, Statoil has been awarded interest in 24 licenses on the Norwegian continental shelf (NCS), 13 of those as operator and 11 as partner, breaking the company’s 2005 record for number of licenses awarded…
The international engineering and design consultancy Ramboll Oil & Gas has been awarded an important contract by Zakum Development Co. (ZADCO), Abu Dhabi, which entails an integrity study of 15 subsea pipelines. The project will enable…
Norway's latest awards in predefined areas (APA) round was announced today, with some 56 licenses offered to oil firms. Duncan John, Partner at consultancy StrategicFit, offers his views. This APA round has shown that appetite for exploration in Norway has been resilient to low oil prices…
Beijing-based China National Offshore Oil Corp. (CNOOC)’s 2016 business and development plan shows a slight reduction of about 5% when compared to 2015 due to continued challenges with low oil prices. Image of CNOOC's Golden Eagle…
Implementation day for the Joint Comprehensive Plan of Action (JCPOA), an agreement among Iran, the P5+1 (the five permanent members of the United Nations Security Council and Germany), and the European Union (EU), occurred on 16 January…
Eco Atlantic Oil & Gasand Tullow Oil subsidiary companies entered into a 10-year agreement with the government of Guyana to explore the deepwater Orinduik block, offshore Guyana, South America. Map of the Orinduik block…
Norway's latest awards in predefined areas (APA) license round has been hailed a success with some 56 exploration licenses being offered on the Norwegian Continental Shelf. The APA rounds offer acreage in known areas on the shelf, rather than frontier acreage…