W&T Offshore announced it has acquired a 75% working interest in and operatorship of the Magnolia field in the central region of the deepwater Gulf of Mexico from ConocoPhillips for $20 million. The oil-weighted producing property, located in Garden Banks blocks 783 and 784…
Offshore driller Transocean announced Thursday that the semisubmersible Development Driller III has been awarded a one year contract off the coast of Trinidad and Tobago.The contract is expected to commence in the second quarter 2020 and will…
Polarcus said it has been awarded a seismic acquisition program in Brazil commencing in the third quarter of 2020.According to Polarcus, the 10-month program comprises 4D acquisition in obstructed areas with a multi-azimuth component.
It’s been quite a month for Equinor — new stakes in European wind; new Gulf of Mexico deepwater acreage; new frame contracts for major suppliers plus an endorsement from the International Energy Agency for its energy mix.Not bad — oh, and an…
Services firm Petrofac said it has secured two new framework agreements (FA) for the provision of engineering, procurement, construction and commissioning (EPCC) services in the North Sea.The first, a three-year FA awarded by EnQuest as part of a multi-contractor framework…
French-based geophysical services company CGG reports it has completed JumpStart multi-client geoscience packages for the North West Shelf (NWS) of Australia and the Banda Arc in the Asia-Pacific region, and made both packages available to help…
US supermajor Chevron announced Thursday it will move ahead with the high-profile Anchor project in the U.S. Gulf of Mexico, targeting first oil production in 2024.The $5.7 billion deepwater project is the first ultra-high pressure development to reach a final investment decision (FID)…
Aker BP has tapped Aker Solutions and Subsea 7 to deliver and install subsea infrastructure for the second phase of the Ærfugl development offshore Norway.The Aker BP operated Ærfugl development is a subsea project being developed in two phases…
US-based Talos Energy announced it has spent $640 million to acquire a portfolio of producing assets, exploration prospects and acreage in the US Gulf of Mexico.The exploration and production company announced on Tuesday that it has signed definitive…
SBM Offshore announced on Wednesday that it has firmed up contracts with Brazil’s Petróleo Brasileiro S.A. (Petrobras) for the 22.5-years lease and operation of a floating production, storage and offloading unit (FPSO) to be deployed at the Mero field in the Santos Basin offshore Brazil…
Malaysia's Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was considering such a sale to raise funds for his heavily-indebted federal government…
Ghana's Springfield E&P said on Wednesday that it had discovered 1.5 billion barrels of oil and 0.7 trillion cubic feet of gas in its Afina-1 well in the West Cape Three Points (WCTP) Block 2, offshore GhanaThe undiscovered potential of the…
Engineering firm Wood announced on Wednesday that it has been awarded a contract by Norwegian energy group Equinor to deliver modifications to a pair of offshore platforms in the Norwegian North Sea that will be connected to electric power from floating wind turbines…
Shallow water drilling services provider Shelf Drilling has announced a one-year extension on its 1982-built BMC 300-1C Trident XIV jack-up rig in continuation of its current assignment offshore Nigeria.The rig was contracted to ExxonMobil for…
U.S. producers Exxon Mobil Corp and Hess Corp plan to export the first-ever shipments of crude oil from Guyana between January and February, a milestone for Latin America's newest oil producer, sources with knowledge of the plans said.A consortium…
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