Eni has finalized a farm-in agreement with Total to acquire 50% stake in the French company’s Block 11, offshore Cyprus. Map of Block 11, from Total. “With this transaction Eni further reinforces its own position in the country…
Norway's Petroleum Safety Authority (PSA) has granted Statoil consent to drill a fourth well at Snøhvit with the Songa Enabler semisubmersible vessel in the Barents Sea. The Songa Enabler. Image from Songa Offshore…
Norway’s Petroleum Safety Authority (PSA) has identified regulation breaches following its investigation into a fire that broke out on Statoil’s Statfjord A platform in October 2016. Statfjord A…
Overall spending on the UK Continental Shelf is expected to fall 3% compared to last year, to £17 billion, as projects continue to struggle, while exploration remains at a record low, according to a new report. But, new capital investment…
Weatherford International has shaken up its executive team with the appointment of Mark McCollum as president and CEO of the company, effective April 2017. The company's interim CEO Krishna Shivram has resigned from Weatherford, effective immediately…
The US Department of the Interior (DOI) announced its first lease sale under the Trump Administration’s new Outer Continental Shelf Oil and Gas Leasing Program for 2017-2022 (Five Year Program), offering 73 million acres in the Gulf of Mexico (GoM) this summer…
Trelleborg’s offshore operation has formalized its Drill Riser Buoyancy Module (DRBM) repair offering for the Gulf of Mexico (GoM) through its partnership with the Deepwater Riser Services division of Chet Morrison Contractors. Trelleborg…
Erin Energy signed a drilling services contract with Pacific Drilling for use of the Pacific Bora drilling rig at its Oyo-9 well on the deepwater Oyo field, offshore Nigeria. Image of the Pacific Bora…
Dr. Toshiyuki Shigemi has been appointed as executive vice president as well as executive director of ClassNK. Image of Shigemi, from ClassNK. Yasushi Nakamura has stepped down as senior executive vice president…
Trelleborg has secured a contract for the supply of floatover equipment for a major offshore oilfield development project in the United Arab Emirates (UAE), the firm announced today (6 March). The contract spans the project’s second of three engineering…
DeepOcean received a call-off under its new master service agreement (MSA) with BP Exploration Operating Co. that covers the installation of a new flexible water injection riser, and the recovery of the existing water injection riser in the deepwater Foinaven field…
Lundin Petroleum started appraisal drilling at Gohta in the Barents Sea, and on the Edvard Grieg field in the North Sea. At Gohta, appraisal well 7120/1-5 in PL492, is being drilled by the Leiv Eiriksson semisubmersible drilling rig. The…
VNG Norge has awarded a trio of companies, Subsea 7, TechnipFMC, and Aker Solutions, front-end engineering and design (FEED) contracts for the Pil & Bue project, in the Norwegian Sea. Subsea 7 and TechnipFMC won the subsea structures…
Mexico’s state owned oil company Pemex and Australia’s BHP Billiton have made their partnership official, signing an agreement to jointly develop the deepwater Trión discovery, offshore Mexico, both firms announced today (3 March). In December…
A review of UK North Sea projects between 2011-16 has found that fewer than 25% were on time and 35% were over their original estimated budget, at field development plan submission. The review, carried out by the UK regulator, the Oil and Gas Authority (OGA)…
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