UK independent Parkmead has agreed a deal with Verus Petroleum to acquire 50% interest in North Sea License P.2209 containing the Farne Extension prospect and a further four prospective leads. The moves secures 100% interest in the license for Parkmead…
Dallas-based Kosmos Energy and BP have made a new, major gas discovery offshore Senegal, which could support a second LNG hub in the basin, according to the independent. Kosmos estimates that the Yakaar-1 discovery, drilled using the Atwood Achiever drillship…
India's Reliance Industries Ltd. (RIL) has awarded Genesis a contract to undertake front end engineering design (FEED) on the MJ field deepwater development in block KG-DWN-98/3 in the Bay of Bengal. This project will consider a seven…
Petrofac has been given a four and a half year contract extension on its integrated support services contract on the Cygnus gas field. The extension to December 2021 is worth about US$70 million and includes the provision of enhanced construction services and production supervision…
The end of one of the worst downturns in the history of oil and gas may be in sight, as OPEC’s November meeting looms large – bringing with it fresh hopes of a production cut and consequent market rebalancing. In this context, Douglas…
Inpex made a gas find at an exploration well offshore the Shimane and Yamaguchi prefectures in Japan. The Transocean M.G. Hulme Jr., from Inpex. The Transocean M.G. Hulme Jr. semisubmersible…
Businesses working in the East of England gas industry were told there were at least another 20 years’ production left in the Southern North Sea by a government expert at Westminster. Production is expected to continue until at least 2035…
Woodside is considering development options on its two discoveries offshore Myanmar, as well as a 4-7 well drilling campaign next year, the firm said this morning. The plans, potentially involving tie-backs or even a standalone development…
UK-based independent Premier Oil has completed its deal to by E.ON's UK North Sea assets. On 13 January 2016, Premier announced that it had agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of US$120 million…
Italian geotechnical firm GAS has been appointed to perform survey and positioning support activities for the Chirag oil project offshore Azerbaijan. The work scope covers the laying of 8.33km of the 18in water injection pipeline and…
First gas from Total’s Laggan and Tormore gas and condensate subsea-to-shore development has finally been achieved. Originally due on stream at the end of 2014, the Laggan-Tormore development, has suffered delays, resulting in massive costs for onshore contractor Petrofac…
Reusing wells on the Norwegian shelf can be good business. This is why the Norwegian Petroleum Directorate (NPD) is skeptical of the proposal to plug wells as a measure to keep drilling rigs in activity. As resource steward, the NPD wants…
During Offshore Europe, a panel of leading international industry experts will discuss the preconceived perceptions that students and graduates have of a career in oil and gas, and how they differ from the experiences of those operating in the sector…
Wood Group acquired BETA Machinery Analysis (BETA), a Calgary-based engineering consultancy specializing in advanced vibration analysis in a deal valued at US$14.3 million. BETA’s expertise in advanced vibration, pulsation stress…
OneSubsea has been awarded a US$330 million subsea production systems contract for a gas project offshore North Africa. The scope of supply for the 13-well development includes subsea production equipment, tooling, and installation and commissioning services…
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