The Norwegian Ministry of Petroleum and Energy has announced that 26 companies have bid for acreage in the 23rd licensing round. The round offers nearly 60 frontier exploration blocks with around half in the exciting new Arctic province of the Norwegian Southeast Barents Sea…
French geoscience company CGG is proposing a US$378.9 million (€350 million) capital increase to finance its “Transformation Plan,” which the company first implemented in 2013. The Oceanic Vega…
KrisEnergy spudded the Mustika-1 exploration well in the East Java Sea, marking the beginning of its operated Satki production sharing contract (PSC). Image from KrisEnergy. Mustika-1…
A search for missing oil workers continues in the Caspian Sea following a fire offshore Azerbaijan that started last week, on 4 December. Socar's West Azeri plaform. Image from Socar's Facebook…
Electromagnetic Geoservices (EMGS) has announced that the company has entered into a data licensing agreement with an international oil company for the provision of 3D EM data from the multi-client data library over the Foz de Amazonas and Ceara basin in Brazil worth a total of US$ 4.1 million.
Image from IOG. Murphy Oil encountered hydrocarbon pay at its Thunder Bird sidetrack well in the Gulf of Mexico, but has decided to plug and abandon the well, due to the low oil price environment…
A total of 26 oil and gas companies applied for rights to explore acreage in the Norwegian and Barents Seas in Norway’s 23rd licensing round this week. This year’s licensing round comprises of 57 announced blocks or parts of blocks, of…
BW Offshore has received a two-year contract extension for the lease and operation of the FPSO Polvo. The FPSO is operating on the Polvo field offshore Brazil for Petrorio. The firm period has been extended to Q3 2018 (from Q3 2016), with options until Q3 2022…
Siemens is to supply turbines for Norwegian major Statoil's floating offshore wind turbine project off the coast of Scotland. The wind turbine manufacturer will supply the 30MW Hywind Scotland Project with five SWT-6.0-154 direct drive offshore wind turbines…
The Belize government has approved a policy that will legally ban offshore exploration in all seven areas that make up the Belize Barrier Reef Reserve System World Heritage area, according to global heritage organization UNESCO. The decision…
Ocean Installer has been awarded a contract for field development work in Nigeria for Folawiyo Aje Services Ltd. (FASL). The contract starts with immediate effect. Ocean Installer will perform the offshore construction of the Aje Ph1 project off the coast of Nigeria…
As a result of working closely with industry and listening to the needs of users, load cell designer and manufacturer LCM Systems has announced the launch of their re-designed wireless load shackles. The Telshack range is designed specifically for use in harsh…
China National Offshore Oil (CNOOC) signed a production sharing contract (PSC) with Husky Oil Operations (China) for Block 15/33 in the South China Sea. Block 15/33 is located in the Pearl River Mouth Basin of the South China Sea. The…
Seatronics completed a project with marine services organization Meridian Ocean Services in Mexico to inspect and chart existing pipelines along the coast of Ciudad Del Carmen, which required a full survey equipment spread utilizing a Forum Comanche ROV…
The Israeli Minister of National Infrastructure, Energy and Water Resources rejected Delek Group’s petition for Alon B/365, Alon F/369, Ruth A/358 and Ruth B/359 licenses offshore Israel. The rejection follows the Oil Commissionaire’s previous decision not to approve the extension request…