The NAGA 2 self-elevating mobile offshore drilling unit is set for mobilization to the Ophir oil field offshore Malaysia, according to Octanex. Map of the Ophir field, from Octanex. The…
Statoil has sold its stake in International Petroleum Corp. (IPC) to Lundin Petroleum in a US$90.2 million deal. Lundin Petroleum BV (LPBV), IPC’s wholly-owned subsidiary, purchased 25.5 million shares of IPC, in addition to 22.8 million shares that belonged to Statoil…
Petrobras is exercising its preferential right for the second and third bidding rounds for three areas in a move to maximize the value of its portfolio. Petrobras submitted its first formal statement to Brazil’s National Energy Policy…
Petróleo Brasileiro (Petrobras) has a won a legal battle for the sale of a set of shallow water fields, in the states of Ceará and Sergipe. The Brazilian giant revealed today (25May) that the 3rd Federal District Court of Sergipe dismissed…
Italy-based Eni has signed a memorandum of understanding (MoU) with Oman Oil Co. to jointly explore opportunities in oil and gas, including an offshore block awarded to the two companies following an international bid round held last October…
Faroe Petroleum started drilling the Brasse appraisal well 31/7-2S in the Norwegian North Sea. Map of Brasse, from Faroe. The main objectives of the appraisal well are to reduce…
Pedro Parente (right), CEO of Petrobras, and Robin Watson, CEO of Wood Group, are to speak at the opening plenary session at SPE Offshore Europe 2017, which is being held in Aberdeen from 5-8 September 2017. They will join Ben van Beurden…
EnQuest's US$2.6 billion Kraken heavy oil field development is on track for first oil before the end of June, according to the North Sea independent. The Kraken development, about 125km east of the Shetland Islands, off Scotland, will…
Hyperdynamics started drilling operations earlier this week at the Fatala turbidite fan prospect offshore Guinea, West Africa. On 21 May, the Pacific Scirocco drillship entered Guinea shelf waters. Due to an amendment to the drilling contract…
Yinka Folawiyo Petroleum Co. (YFP) and its partner have decided to put drilling plans for the Aje field offshore Nigeria on hold. Map of Aje, from Panoro. The Aje-6 well was to be drilled to increase oil production from the field…
Dibowitz will become Seadrill's CEO on 1 July. Image from Seadrill. Seadrill has appointed Anton Dibowitz as the company’s new chief executive officer effective 1 July 2017. Dibowitz…
ExxonMobil has awarded Maersk Drilling a contract extension valued at US$22.5 million for the ultra deepwater drillship Maersk Viking. The three-year contract, originally scheduled to end in July and valued at $610 million, will now run an additional 150 days into December this year…
The Norwegian Petroleum Directorate (NPD) has granted Statoil consent to start-up production from the Gina Krog field in the North Sea, which the Norwegian giant has set to start-up in late June 2017. Gina…
Norway's Magseis and Germany's Seismic Apparition have signed an exclusive technology agreement to jointly develop and implement a new innovative technology that will reduce the operational time for ocean bottom seismic. Technology development…
DONG Energy has today agreed to sell its E&P business, including a stake in the Rosebank field, west of Shetland, to petro-chemical business Ineos for US$1.05 million, plus $250 million in contingent payments. Ineos, which recently acquired the Forties pipeline system from BP…
Subscribe
