Swedish oil explorer Lundin Petroleum says its 35-100 MMboe gross resource oil and gas discovery in its Filicudi exploration well in the Barents Sea has 'significant upside potential.' The well, 7219/12-1, is in PL533, which could contain up to 700 MMboe unrisked prospective resource…
Transocean is to scrap two idle rigs and has idled three others as contracts have been dropped, while others have been extended. The floaters M.G. Hulme, Jr. and GSF Rig 140 were classified as held for sale. Transocean says these rigs will be recycled…
Independent explorer Tullow Oil is lining up a string of exploration projects this year, including targeting the 500 MMbo Araku prospect offshore Suriname in 2H this year. Other projects include seismic campaigns in Ghana, Jamaica and Uruguay…
Fractured basement reservoir explorer Hurricane Energy says its previous 300 MMbbl estimate for the Lancaster field, west of Shetland is conservative. The firm has completed technical analysis of the Lancaster, Lincoln and Warwick assets…
Statoil has made a new 20-50 MMboe gas discovery on the Norwegian North Sea Valemon field, at Valemon West. The well was drilled using the jackup rig West Elara, in 133.5m water depth, 160km north-west of Bergen. It is the seventh exploration…
Operating in HPHT conditions have led to thicker, heavier subsea equipment that can hold up to extreme environments. Atul Ganpatye and Kenneth Bhalla, of Stress Engineering, discuss challenges associated with the design of this equipment…
Anadarko has its eyes set on Colombia, announcing further drilling plans in the Purple Angel block, and opportunities it has identified through the Esmeralda 3D seismic survey in the area. Map of Gorgon…
US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
Italian giant Eni discovered pay at the first appraisal well of its Merakes discovery offshore Indonesia. Image from Eni. The company successfully drilled and tested the Merakes 2 well…
Norway’s Petroleum Safety Authority (PSA) has granted Lundin consent to carry out exploration drilling of well 16/1-27 on the Edvard Grieg field in the North Sea. Lundin is the operator of the Edvard Grieg field, around 140km west-southwest of Stavanger…
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…
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