BW Offshore has signed a short-term interim extension agreement for the floating production, storage and offloading (FPSO) unit Abo with Eni subsidiary Nigerian Agip Exploration. The unit, moored off Nigeria on the Abo field, will continue working for Eni until 20 January 2017…
Despite reductions in exploration spend, work goes on. Elaine Maslin speaks with Wood Mackenzie’s Andrew Latham to find out where explorers will aim their drillbits this year. Stena DrillMAX. Photo from Stena Drilling…
Is the subsea market poised for a comeback? Jon Fredrik Müller, of Rystad Energy, sets out the detail. An oil and gas Xmas tree. Photo from GE Oil & Gas. The subsea market has…
CIMC Offshore Co., a wholly-owned subsidiary of China International Marine Containers (CIMC) Co., intends to partner with Shenzhen Mangrove Venture Capital Co. and China Industrial International Trust Co. to jointly establish Tianjin Lanshui…
Total and Petrobras have agreed to work together on exploration and upstream technology, which will see Total become a partner on two pre-salt licenses in the Santos Basin. Image from Total. The licenses are the BMS-11 license…
Saipem has successfully completed sea trials of its new remotely operated vehicles (ROVs), the Innovator 2.0, and has obtained a declaration of compliance with Norsok U102 standards, as well as DNV GL certification. Innovator 2.0, a…
Aberdeen Harbour's plans to expand its facilities into a bay south of the existing harbour has been sanctioned by the harbour board. The £350 million project, which was recently granted planning consent in the form of Marine Licenses and a Harbour Revision Order by the Scottish Government…
ExxonMobil's deepwater Mesurado-1 exploration well offshore Liberia, West Africa, is being plugged and abandoned after finding no hydrocarbons. Drilling started on the well, Exxon's first in the country, in Block LB-13, 50mi offshore Liberia in 2500m water depth…
Oil major BP is to enter the 'emerging world-class hydrocarbon basin' offshore Senegal and Mauritania, with three exploration wells planned starting in 2017, leading to a new LNG hub, after agreeing a deal with independent Kosmos Energy. BP…
US deepwater player Anadarko has completed a deal to buy Freeport-McMoRan Oil & Gas deepwater Gulf of Mexico assets and announced two new Gulf of Mexico finds: Warrior and Phobos. Anadarko said the two finds highlighted the value of its…
Chevron has canceled a US$1.8 billion floating production and storage offloading (FPSO) newbuild order with Hyundai Heavy Industries (HHI) that was destined for the supermajor’s Rosebank deepwater project in the North Sea. Illustration of the FPSO…
First oil has been achieved from Shell's deepwater Malikai field, offshore Sabah, Malaysia. The project is Shell's second deepwater project offshore Malaysia, and its first tension leg platform (TLP) in the country, following Gumusut-Kakap…
A new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead, Global Exploration: What to look for in 2017, shows that exploration should return to profitability in 2017, after five years of only single-digit returns…
Russia's Rosneft is to take a 30% stake in the Shourouk Concession, offshore Egypt, containing the supergiant Zohr gas field. Rosneft will pay operator Eni US$1.125 million and a share of past expenditures, which amount so far at about $450 million…
In this video, BP shows an overview of its recently sanctioned Mad Dog Phase 2 project. The supermajor sanctioned the US$9 billion Mad Dog Phase 2 project in the Gulf of Mexico on 1 December, with the anticipation of first production set to start in late-2021…