The Petroleum Safety Authority of Norway has granted Statoil consent to use the Floatel Endurance mobile accommodation facility at Gina Krog in the North Sea. Floatel Endurance is a semisubmersible facility, which is to operate for Statoil…
Quest Offshore's Andrew Jackson discusses how the depressed global market dynamics are affecting one of the world's premier deepwater basins. Oil from the Bonga North West underground reservoirs…
Bermuda registered rig operator North Atlantic Drilling has extended a standstill deal agreement with Jurong shipyard over the delivery of the newbuild West Rigel semisubmersible drilling rig. The standstill agreement, set up amid a…
Carnarvon Petroleum secured 100% interest in the WA-521-P offshore exploration permit in the Roebuck basin on Western Australia’s North West Shelf (NWS). Positioned adjacent to the Phoenix/Roc acreage, Carnarvon has been studying the…
Douglas Westwood (DW) has revised its outlook considerably for West Africa’s deepwater prospects by 44% amid project delays and cancelations. A year ago, DW said that exploration and production (E&P) companies within West Africa were…
The Petroleum Safety Authority (PSA) Norway has given Statoil consent to use the West Epsilon jackup drilling facility for permanent plugging of wells at Huldra 30/2-A, in production license 051. Statoil has allocated 215 days for the activity…
Shell’s Q4 2015 earnings fell 57% along with its full year earnings taking a major plunge of 80%, as the Anglo-Dutch supermajor confirms the reduction of some 10,000 across both Shell and BG Group, once the mega merger is complete in a few weeks…
Subsea cables and umbilicals firm JDR has been awarded a contract by Marathon Oil for the design and manufacture of 11.3km of power and static subsea umbilicals with accompanying termination hardware for the West Brae field. The full…
Subsea 7 inked a contract estimated to be between US$50 million to $150 million with Burullus Gas Co. for the platform extension and tie-in on the first phase of BP's West Nile Delta development of the Taurus and Libra fields, offshore Egypt…
This year, the offshore oil and gas industry has had to come to terms with the worst downturn for more than a decade. With commodity prices plummeting to an eleven-year low in December, it is time to reflect on the year gone by and consider the outlook for the year to come…
North Atlantic Drilling (NADL) entered into a standstill agreement, effective until June 2016, with Jurong Shipyard for the delivery of the sixth generation harsh environment semisubmersible drilling rig, the West Rigel. During the standstill period until June 2016…
Shell started production from the Bonga Phase 3 project offshore Nigeria, with expected peak production to hit about 50,000 boe/d. Image of the Bonga project. From Shell Flickr. Bonga…
Egypt has announced the results of its delayed 2014 exploration bid round. The round sought to find companies to explore 10 areas in the Gulf of Suez, the Eastern Desert, and east and west of the Nile. Six of those area offshore in the south Gulf of Suez…
North Atlantic Drilling has been awarded a contract extension for the semisubmersible drilling rig West Phoenix by Total E&P UK. The contract extension starts mid-March 2016, securing work for the unit through the end of August 2016.…
BP increased its interest in the US$12 billion West Nile Delta (WND) project in Egypt after partner DEA farmed down its stake. Map of Nile Delta. From DEA. According to DEA, the…
Subscribe
