Otto Energy has entered into binding agreements to raise US$8.2 million to develop the company’s oil project in the South Marsh Island 71 license (SM-71) in the Gulf of Mexico. Map of SM-71, from Otto…
Norway’s Petroleum Safety Authority (PSA) has granted Eni consent to use Scarabeo 8 at Goliat, which will drill two production wells, in the Barents Sea. One of the two wells to be drilled is for oil production, while the other is for water injection…
Six of the offshore exploration wells that are set to drill in the UK in 2017 have an average pre-drill prospect volume of over 100 MMboe. Douglas-Westwood, through its Westwood Insight, asks if this signal a renaissance for UK exploration…
Ensco is set to acquire Atwood Oceanics in an all-stock transaction worth some US$839 million, creating a company with the largest jackup fleet in the world. Image from Ensco. Ensco…
Image of Olav Henriksen (SVP Projects, Aker BP, left) and Pieter Heerema (Projects, Allseas) at the signing ceremony in Stavanger 29 May 2017. Image from Aker BP. Allseas, via Excalibur Marine Contractors…
Odfjell Drilling, on behalf of Golden Close Maritime Corp., inked a two-well contract for the ultra deepwater drillship, Deepsea Metro I with an undisclosed party in Southeast Asia. The deal will see the Deepsea Metro I drill two firm…
Swire Oilfield Services announced that Manfred Vonlanthen will succeed John Bruce Rae-Smith as the company’s chief executive officer (CEO). Rae-Smith will be stepping down as CEO of Swire Oilfield Services due to personal reasons. Vonlanthen…
Husky Energy has firmed up plans for its West White Rose Project offshore Newfoundland and Labrador with first oil set for 2022, while announcing a new discovery at Northwest White Rose. The SeaRose FPSO…
Independent Oil and Gas (IOG) says it has a busy 12 months ahead, as the company prepares to submit the Blythe and Vulcan final development plans (FDP) in the Southern North Sea, with hopes of hitting first gas by 2019. Image from IOG…
Cairn Energy and the Senegal joint venture have spudded the FAN South-1 exploration well into the South Fan prospect, according to partner FAR Ltd. Map of FAN South-1, from FAR. The…
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…
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