Based on geological studies that point to great potential for ultra-deepwater pre-salt oil reserves beyond its exclusive economic zone (EEZ), the Brazilian government is considering offering for the first-time exploratory blocks beyond the limits…
CGG and TGS announced Monday they will conduct a 5,000 sq km survey of the Greater Castberg area in the Barents Sea.The project is supported by industry funding, and the survey will include the highly prospective Castberg area and cover existing…
UK-based oil products company Ineos Oil and Gas UK has completed a project to re-route production from its Clipper South field via the Shell operated Clipper field into the Bacton processing terminal.According to a company release, the USD 80…
BP has received approval from the Oil and Gas Authority (OGA) to proceed with the Vorlich development in the central North Sea, which is expected to come onstream in 2020.New North Sea development is targeting 30 million barrels of oil equivalent and expected to produce 20…
BP announced that it has entered into agreements with ConocoPhillips that will significantly increase its holding in the Clair field, a core asset of BP’s North Sea business in the UK, while also selling its non-operating interest in the Kuparuk and satellite oilfields in Alaska…
Norwegian oil firm Statoil is set to take over BP's mantle in Australia's Great Australian Bight after agreeing a swap deal with the oil major. BP dropped its plans for drilling two deepwater wells in the area after a tussle with Australia's…
More than 481,730sq km of exploration acreage has been opened to tender offers in New Zealand, including five offshore, two onshore and one straddling on- and offshore. The country's Block Offer 2017 tender for petroleum exploration permits…
Kuwait Foreign Petroleum Exploration Co. (KUFPEC) has gained interest in the Greater Sleipner area offshore Norway, in addition to stake in the Gulf of Thailand. Image from KUFPEC. The company’s Norwegian subsidiary…
BP has withdrawn its environment plan that was submitted to Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for the Great Australian Bight, offshore South Australia earlier this week. The recent…
UK independent EnQuest has brought its Scolty and Crathes development in the UK North Sea onstream. The firm also confirmed sailaway of the US$2.6 billion Kraken development floating production, storage and offloading vessel is due in coming days…
Technip and FMC Technologies have been picked by Hurricane Energy to be an exclusive provider of subsea equipment to the firm's fractured basement Lancaster development, west of Shetland. Under a provisional agreement, the firms, under their alliance…
Supermajor BP has dropped its deep water drilling plans in the Great Australian Bight, offshore South Australia. The project will not be able to compete for capital investment with other upstream opportunities in its global portfolio in the foreseeable future…
BP is facing more setbacks for its Great Australian Bight drilling program, following a further request from Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for information on the environment plan…
North Sea independent EnQuest has cut the cost of its Kraken heavy oil development in the North Sea by a further US$150 million, thanks to progress on the drilling campaign and subsea workscopes. The cost of the development, which will see a floating production…
Ithaca Energy’s FPF-1 floating production facility (FPU) is now on location on the Stella field in the UK North Sea, according to partner Petrofac. Illustration of the Greater Stella Area, from Ithaca…
Subscribe
