Upon completing the analysis of royalty rates for offshore oil and gas leases, the US Bureau of Ocean Energy Management (BOEM) has decided to lower royalty rates for the Gulf of Mexico Lease Sale 249. BOEM has set the royalty rate at 12…
Noway’s Petroleum Safety Authority (PSA) has approved for Statoil to drill exploration well 7317/9-1 in the Barents Sea. The wildcat is in a prospect named Koigen Central, in production license 718, in which Statoil is the operator. Drilling will begin in August 2017 at the earliest…
Petronas has given Enra a letter of award to provide condensate storing and offloading services for the Yetagun gas field, off Myanmar. The deal is between Petronas subsidiary PC Myanmar (Hong Kong) Ltd. (PCML), and Enra’s 60%-owned subsidiary…
JDR has officially opened its European service center in Newcastle upon Tyne, UK, to deliver greater service value for clients and facilitate continued growth. The opening was marked by an official ceremony on Friday (7 July) led by Nick Brown…
Statoil and partner Husky Energy have failed to discover hydrocarbons in the Flemish Pass Basin, offshore Newfoundland, the Norwegian giant announced today (10 July). The West Aquarius. Image from Seadrill…
Singaporean shipbuilder Jurong Shipyard has further extended its standstill agreement with North Atlantic Drilling Ltd. (NADL), which will delay the delivery of the West Rigel semisubmersible drilling rig for the fifth time. The Sembcorp…
The first of eight topside modules, which will make up Statoil's Mariner platform, have been installed offshore Shetland in the UK North Sea. The 10,000-tonne Mariner A utility module was lifted into place by the Saipem 7000 as planned…
Scotland-based tidal energy firm Nova Innovation has won a major new European tidal energy project, heading a consortium of nine leading industrial, academic and research organizations from across Europe. The Enabling Future Arrays in…
Wood Group has been awarded a new contract by Maersk Oil to deliver mechanical and management services for the hook-up and commissioning of the Culzean gas condensate field in the UK central North Sea. At peak manning, about 200 new…
UK and Norwegian regulators are set to remove restrictions preventing operators from using two types of Super Puma helicopter than have been banned since a fatal accident in April in Norway. The UK's Civil Aviation Authority says the move follows extensive investigation…
Two Houston-based companies, Gibson Applied Technology & Engineering (GATE Energy) and Helix Energy Solutions robotics subsidiary Canyon Offshore signed a memorandum of understanding to jointly offer subsea blockage prevention, detection…
Engie E&P has resumed production at its Gjøa-platform in the North Sea following extensive inspection and start-up work, due to a gas leak on 21 June. Gjøa. Image from Engie. Gjøa…
Maersk Oil’s Culzean jackets have set sail for their final destination in the UK North Sea, following the completion of construction by Heerema Fabrication Group (HFG). Image from Heerema. According to HFG…
North Energy has decided to divest the last of its Norwegian Continental Shelf (NCS) assets in order to recover from offshore tax losses amid low activity levels in the area, and the drop in oil prices. Map of PL 805…
Brazil's Petrobras is offering its 70% interest in the Maromba heavy oil field in the Campos Basin, offshore Brazil. Chevron also has a 30% and is also looking to divest the Campo de Maromba (BC-20A concession). 'The potential transaction…
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