The Obama administration’s recently released draft proposed offshore oil and gas leasing program slams the door on industry and prevents America from sharing in the economic growth, new jobs and increased energy security that offshore oil and gas activity in new offshore areas would provide…
Norwegian pilot drilling technology firm Badger Explorer has been awarded NOK7.9 million in funding after passing its latest milestones. The Badger Demonstrator Program started in 2012 and has been supported by Statoil, Chevron, ExxonMobil…
Providence Resources has reached agreement with a proposed farm-in on its Barryroe asset, in the Celtic Sea offshore Ireland. But, further details are not being released due to the deal relying on the farm-in partner needing to secure finance…
Statoil and its partners have increased recoverable resource estimates for the Krafla area in the mature Norwegian northern North Sea basin to 140-250 MMboe after a two-well campaign in the area. According to Statoil, the latest appraisal well on the Krafla Main Tarbert discovery…
The southern North Sea Crosgan appraisal well is to be plugged and abandoned after encountering gas bearing sands. The Crosgan appraisal well 42/15b-3 was drilled in the Greater Breagh Area, in Quad 42. The well has reached a total depth…
Lundin Petroleum has made a gas discovery on the Zulu well, close to the giant Johan Sverdrup discovery, offshore Norway. Wildcat well 26/10-1, which is the first well in production license 74BS, hit an estimated 36m gas column in very good reservoir quality Utsira Formation sands…
Petrobras has made a new heavy oil discovery in concession BM-C-35 (exploratory block C-M-535), in the Campos Basin post-salt layer. The discovery was made while drilling well 1-BRSA-1289-RJS (ANP nomenclature) / 1-RJS-737 (Petrobras nomenclature)…
Gas has been found in great quantities offshore East Africa. What will be the challenges around getting it to shore? Alex Hunt takes a look. The East African coastline. Image from the GRID-Arendal Continental Shelf Programme…
Chevron’s subsidiary Chevron Mauritania Exploration acquired a 30% non-operated working interest from Kosmos Energy in three blocks offshore Mauritania, Africa. Map from Kosmos. Blocks C8…
Statoil's newly appointed CEO and president Eldar Sætre says Statoil is 'well prepared' to tackle the large uncertainty facing the oil and gas industry, amid five-year low oil prices. Sætre (pictured), who has been acting CEO and president of Statoil since October…
CNOOC began production at its 100% owned and operated Jinzhou 9-3, offshore China. Image from CNOOC. The Jinzhou 9-3 oilfield is located in the North Liaodong Bay in Bohai in 6.5-10…
Golder Associates’ Ken Been explains the best approach to geotechnical engineering and pipeline construction when facing scours and pits in the Arctic ice. Fig. 1: Ice scouring. Over the coming decades…
Orderbooks reflect reined-in spending based on conservative near-term oil price estimates. ABS’ James Graf sets out the detail. MODU new construction projects through 4Q/14. Source: ABS. Weak demand…
Over supply of oil, diminishing returns and an increasing rig fleet will challenge rig operators in 2015. Rystad Energy’s Joachim Bjørni and Oddmund Føre look for a ray of light. Graphs from Rystad. Throughout 2014…
There can be little doubt – either for us as energy professionals in the sector, or anyone who has picked up a paper over the last few months – that the UK oil and gas industry is facing a serious challenge. Mike Tholen…
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