Offshore Shallow Water News - page 7

Israel: Tamar Offshore Gas Field to Start Paying Taxes on Profit in 2021

Jul 23, 2020

Delek Drilling said on Wednesday the partners in the Tamar natural gas site will start paying taxes on profit in early 2021, which could help Israel move forward with plans to create a sovereign wealth fund.Prime Minister Benjamin Netanyahu…

Double Offshore Drilling Go-Ahead for Aker BP

Jul 22, 2020

The Norwegian authorities on Wednesday granted oil company Aker BP consents to use the Maersk Integrator and Deepsea Nordkapp drilling rigs at the Ivar Aasen and Alvheim fields, respectively.At the Ivar Aasen field in the North Sea, Aker BP…

Coronavirus Outbreaks Hit Petrobras' Quarterly Output

Jul 21, 2020

Coronavirus outbreaks at a number of platforms operated by Brazil's Petrobras hit production in the second quarter, the company said on Tuesday, though the firm indicated output may improve in certain regions.In a securities filing, Petroleo Brasileiro SA…

Maersk Drilling Wins More Jack-Up Rig Work with Aker BP

Jul 20, 2020

Denmark-based offshore drilling company Maersk Drilling has secured an additional one-well contract from Aker BP for its jack-up rig Maersk Integrator. In direct continuation of its current work scope, the rig - which Maersk Drilling says is…

Twinza, PNG Gov't in Talks over Fiscal Terms for Offshore Field Development

Jul 17, 2020

Oil and gas company Twinza has started negotiations with the Papua New Guinea authorities regarding the fiscal terms that will apply to the proposed development of the Pasca A gas-condensate offshore field.The shallow water field in the Gulf of Papua was discovered in 1968 but was never developed…

Petrobras Completes Sale of Ten Offshore Fields to Trident Energy

Jul 16, 2020

Brazilian oil company Petrobras has wrapped up the sale of its entire stake in the ten offshore fields that comprise the Pampo and Enchova Clusters to Trident Energy. The fields are located in shallow water in the Campos Basin in the state of Rio de Janeiro…

Cathie, Global Maritime Team Up to Offer Jack-Up Consultancy Services

Jul 13, 2020

Offshore geoscience and geotechnical engineering consultancy, Cathie has teamed up with marine, offshore and engineering consultancy, Global Maritime in the sphere of jack-up rig services.More specifically, the duo promises to offer a 'holistic'…

Petrobras Sells Three Shallow Water Fields in Potiguar Basin, Brazil

Jul 10, 2020

Brazil's Petrobras has said it has signed an agreement to sell its entire stake in three offshore oil fields in Potiguar Basin to Ouro Preto for $1.5 million.The fields in question are the Pescada, Arabaiana, and Dentão fields located in shallow waters of the Potiguar Basin (Pescada Cluster)…

Aker BP Cleared to Drill Hod Pilot Hole with Maersk Jack-Up

Jul 09, 2020

Aker BP has received consent to use the Maersk Invincible jack-up rig to drill a pilot hole on the Hod field, offshore Norway.The consent for the use of the Maersk Drilling-owned jack-up was granted this week by the Petroleum Safety Authority Norway…

Eni Strikes Gas at Bashrush Well Offshore Egypt

Jul 01, 2020

Italian energy company Eni has made a gas discovery with the first exploration well in the North El Hammad license, waters of the Nile Delta, on the prospect called Bashrush.The new discovery is located in 22 meters of water depth, 11 km from…

CNOOC Makes 'Significant' Discovery Offshore China

Jun 29, 2020

Chinese oil and gas company CNOOC has said it has made a significant discovery of Huizhou 26-6 in the Eastern South China Sea.CNOOC on Monday said the discovery was expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of Pearl River Mouth Basin…

Seafox, LOC Sign Rig Move Services Deal

Jun 26, 2020

Marine and engineering consulting firm LOC Group has won a contract with Seafox, a provider of offshore jack-up support units for oil & gas and offshore wind operations.Seafox has hired LOC for the provision of Rig Move Master Services and Geotechnical Services for rig moves…

Offshore Drillers Facing Second Wave of Bankruptcies

Jun 24, 2020

The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms.A collapse of the offshore industry will have broad impact…

Lukoil Spuds Caspian Sea Well

Jun 22, 2020

Russian oil company Lukoil has kicked off drilling operations at the Shirotno-Rakushechnaya prospect structure, in the Caspian Sea.The well is located to the north of the V.I. Grayfer field, and sits in a water depth of 5 meters. Lukoil is using the Astra offshore rig…

Petrobras' Ceara Cluster Shallow Water Fields Up for Sale

Jun 19, 2020

Brazilian state-run oil firm Petrobras has kicked off a sale process for its Atum, Curima, Espada and Xareu offshore oilfields, the company said on Friday.In a securities filing, Petroleo Brasileiro SA, as the company is formally known, said the shallow-water fields produce 4…

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