UK-based explorer Chariot Oil & Gas has opted not to renew the C-19 license offshore Mauritania, the company said today (16 June), because it was unable to find a partner for a drilling campaign on the license. The company had received an extension on the license last year…
NEL has completed the latest upgrade phase of its wet gas test facility, in response to increasing industry demand. The upgraded facility has been designed to more accurately simulate the increased flowrates experienced during production and processing…
Unmanned aerial vehicle (UAV) inspection and survey company Cyberhawk Innovations entered into an agreement with UK-based SSE last month for Cyberhawk to carry out close visual inspections of more than 600 blades using UAVs. Image…
Fugro has been awarded a three-year contract for integrity management support (IMS) and intervention works for Det norske in the Norwegian sector of the North Sea. The offshore scope covers subsea assets at Alvheim, Vilje, Volund and Bøyla field developments…
Faroe Petroleum hit an oil discovery at its Brasse exploration well in the Norwegian North Sea, with plans for a sidetrack to follow. The Transocean Arctic, from Transocean. The company encountered oil at the Brasse well 31/7-1…
China National Offshore Oil Corp. (CNOOC) has appointed a company chairman, Yang Hua, as its new new CEO. Hua is replacing Li Fanrong who will join China’s National Energy Administration as deputy director. Hua said he will continue…
Petrobras has hit another big pay day at its seventh appraisal well inside the Libra block, in the pre-salt layer of the Santos basin, the firm reported on 15 June. The Brazilian oil giant said it was 'Libra's largest net pay' to date…
Lukoil has commenced drilling operations at the Vladimir Filanovsky field in the Caspian Sea. The well is being drilled from an ice-resistant fixed platform, LSP-1, with first production set for 2H 2016. V. Filanovsky is the largest of all fields discovered in Russia in the past 25 years…
The UK oil and gas industry may be gripped by a downturn but a lot of positivity has emerged from the two-day conference organized by trade body Oil & Gas UK, which concluded today (15 June) in Aberdeen. Almost 500 delegates attended the “UKCS: Open for Business” themed event…
Incidents relating to the installation and operation of high voltage subsea cables are the costliest cause of financial losses in the global offshore wind industry and led to insurance claims totaling more than US$67 million (€60 million) in 2015…
MPs and Cabinet Ministers will be urged to do everything they can to protect the US$13 billion (£9billion subsea) industry at a Parliamentary Reception this week, according to Subsea UK. The industry body is leading a delegation of high…
Polarcus has received a letter of intent (LOI) from an undisclosed client for an additional broadband 3D marine seismic survey offshore South America. The project will commence in early Q4 2016 and run for approximately three months. “This…
Global upstream capital spending from 2015 out to 2020 has been reduced by 22% or US$740 billion, however, when cuts to conventional exploration investment are included, the figure increases to just over $1 trillion, Wood Mackenzie said. Image…
Pacific E&P has made its outstanding payments to its joint venture partner Karoon Gas for its share of the five blocks in the Santos basin, offshore Brazil. Earlier this week, Karoon called out Pacific by issuing a default notice to the Canadian company…
Santos will begin sidetrack operation offshore Indonesia after a mechanical obstruction in the well bore of the AAL-4X appraisal well halted the proposed drill stem tests (DSTs) in the K-sand and G-sand reservoirs. The drilling of the sidetrack well will allow Santos and its parnter…
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