Houston's W&T Offshore latest Gulf of Mexico Mahogany field well has been brought on production and is ramping up to full production, the operator says, as it gears up for more drilling on the field. The Mahogany field is in US Gulf of Mexico block Ship Shoal 349…
W&T Offshore has received approval for a capex of US$125 million that will set up the Houston-based company to drill six to eight wells in the Gulf of Mexico this year, with its priority going to its Mahogany field. Image from iStock…
Dolphin Drilling, a subsidiary of Fred. Olsen Energy, has entered into a US$6.1 million one-well contract extension with Statoil for use of the Bideford Dolphin semisubmersible drilling rig. on the Norwegian Continental Shelf. The vessel…
Offshore Ireland focused Providence Resources has been approved to move into the second phase of exploration on Frontier Exploration License (FEL) 2/14, containing the Druid and Drombeg prospects. FEL 2/14 is in about 2250m water depth…
North Sea Energy (NSE) Chairman and CEO J. Craig Anderson and CFO Petya Popova are leaving the company with immediate effect, to pursue other interests. Anderson has been the CEO of NSE for the last 10 years, since founding the company…
Atlantic Petroleum (APN) has completed the sale of its Norwegian activities to M Vest Energy. The Norwegian activities include all of Atlantic Petroleum Norway’s assets and licenses, the liabilities of the licenses, and employees. Ben…
China’s CNOOC has revealed its 2017 business strategy and development plan that includes a total of five new projects set to come onstream, and a capex that could reach US$10.2 billion (RMB 70 billion). Image from CNOOC…
Guyana's Ministry of Natural Resources says it is planning to have a new Petroleum Directorate established and functioning within Q1 this year. The move comes as the South American country eyes its first offshore oil production, following…
Private equity back UK explorer Azinor Catalyst says success on a planned exploration well in Scotland's Outer Moray Firth could change industry perception of what is an under-explored part of the Moray Firth. The firm is planning a well on its Partidge prospect in the Outer Moray Firth…
Australia-based explorer Pura Vida Energy has agreed in principal a deal with a rig contractor to fund a share of the costs of a three-well drilling program offshore Gabon, west Africa, in return for a share of future production on any discoveries found…
Norway's latest licensing round has seen the fewest companies awarded licenses in the Norwegian Awards in Predefined (APA) areas in a decade. But, the number of licenses offered remains high - the most since 2013, in fact, creating an opportunity…
Total 2016 offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010, according to Norwegian consultancy Rystad. Furthermore, Rystad says total global discovered volumes (oil and gas combined) are their lowest since the 1940s…
Statoil is set to drill its next well, on the Mim prospect, near the Norne field after being given the green light by the Norwegian Petroleum Directorate. Statoil will use the Deepsea Bergen semisubmersible drilling rig to drill well 6507/3-12 in production license 159 B…
Canadian junior firm Corridor Resources was issued exploration license EL-1153 from the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) in exchange for the surrender of exploration license EL-1105 covering the Old Harry Prospect in the Gulf of St…
Cairn Energy is moving to further explore Senegal, and working towards first oil in the North Sea this year, in what the company calls an eventful period. The Kraken FPSO, from Cairn. “The…
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