The first signs of growth in the oil and gas industry can be seen, says analyst Wood Mackenzie. The firm's forecast shows a double growth in the number of final investment decisions in 2017, compared to 2016. According to Wood Mackenzie's global upstream outlook for 2017…
Following the award of an order from Shanghai Salvage for a 6000m Quasar Work Class ROV (remotely operated vehicle), SMD engineers have successfully completed work on the associated Curvetech subsea components to assure maximum working depth up to 6000m…
Eni has completed a deal to take over operatorship of the Rabat Deep Offshore permits I-VI, offshore Morocco, with plans to drill on the acreage in 2018, following approval of a deal by the license partners. The deal, with UK-based independent Chariot Oil & Gas…
Houston’s Cobalt International Energy encountered “encouraging” results at its North Platte #4 appraisal well in the deepwater Gulf of Mexico, and is preparing for a geologic sidetrack for further analyzation. Image of the Rowan Reliance…
Hyperdynamics Corp. has entered into a US$4.5 million master service agreement (MSA) with oilfield services giant Schlumberger to provide drilling services for the Fatala-1 deepwater exploration well planned for Q2 2017, offshore the Republic of Guinea…
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…
Subscribe
