UK independent explorer Trapoil has been forced to give up a string of licenses in the North Sea after failling to find farm-in partners to help fund work. The firm, which last year cuts its staff and saw its founders leave, 'to maintain value…
McDermott International's Chinese joint venture Qingdao McDermott Wuchuan Offshore Engineering (QMW) completed a fast-track compression process module fabrication subcontract for Jord Oil & Gas Systems. The company is the prime contractor…
Turkey-based Promer Consultancy and Engineering selected AVEVA’s Integrated Engineering & Design solutions for major engineering projects. AVEVA Everything3D. From AVEVA. In…
Polarcus won a contract to conduct a broadband 3D marine seismic acquisition project in Australasia for an undisclosed client. The Polarcus Nadia. From Polarcus. The two-month project is set to begin this quarter…
Bibby Subsea and Bordelon Marine signed a three-year contract to charter Bibby’s new ultra-light intervention vessel (ULIV) in the Gulf of Mexico (GoM). The Brandon Borderlon. From Bibby. The…
Lundin Petroleum has announced a US$1.45 billion 2015 development, appraisal and exploration budget - representing a 31% drop compared to its forecast 2014 spending. Spending on development projects will drop about 30%, to $980 million…
Total has completed the flare out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria. The associated gas of the Ofon field is now being compressed, evacuated to shore and monetized via Nigeria LNG. “The flare-out of the…
Exploration drilling has started on the Tvillingen South prospect in production license 510 in the Norwegian Sea. The prospect is located on the Haltenbanken in the Norwegian Sea, approximately 28 km southeast of the Kristin field. The well…
Underground coal gasificatoin (UCG) focused firm Cluff Natural Resources (CLNR) has taken on an environmental and planning consultant for its proposed Kindcardine project in the Firth of Forth, Scotland. Environmental Resources Management…
CNOOC encountered oil and gas at its deepwater Lingshui 25-1 prospect in the Qiongdongnan Basin in the South China Sea, the operator confirmed on 6 January 2015. The well was tested to produce about 35.6 MMcf/d of natural gas and 395 b/d of oil…
Keppel Singmarine Pte Ltd. secured two contracts worth a total of approximately US$48.7 million. The first contract was awarded by Dubai-based Seaways International Pte Ltd. to build a multi-task anchor handling tug (AHT) vessel suitable for an array of offshore activities…
McDermott International received authorization from the Central Administration of Customs in Mexico to operate its Altamira fabrication facility near Tampico, Mexico, as a free trade zone. The Altamira fabrication yard…
While positive measures have been taken to attract investment in the UK’s exploration and production (E&P) sector, low oil prices and the country’s high tax burden mean that more significant changes are required to make new developments commercially viable…
Chevron discusses what it takes to deploy the technology and deliver first oil from the Jack/St. Malo fields, which are among the largest in the Gulf of Mexico. Discovered more than a decade ago, Jack and St. Malo are expected to deliver more than 500MMbbl…
Chevron encountered a significant oil discovery at its deepwater US Gulf of Mexico Anchor prospect. The Anchor well was drilled by Pacific Drilling's Pacific Santa Ana drillship. Image from Pacific Drilling…