Australia's Santos has agreed to partly fund and lead a new 3D seismic survey over the beehive prospect in Australia's Bonaparte Basin in return for an up to 80% farm-in option in the permit. Santos calls Beehive, which sits on the WA-488-P permit…
West of Shetland fractured basement explorer Hurricane Energy says work on its Lancaster early production system EPS) floating production unit and turret in Drydocks World, Dubai, are on schedule. The Lancaster EPS is a two-well tieback to a floating production…
Kosmos Energy's Lamantin-1 exploration well on Block C-12 offshore Mauritania has disappointed. The well, drilled in 2200m water depth and to a total depth of 5150m, hit a water bearing reservoir with residual hydrocarbons. It is thought…
ExxonMobil is assessing commerciality of the Avestruz-1 well, which struck oil in Block EG-06 offshore Equatorial Guinea, the nation's Ministry of Mines, Industry and Energy said today (11 December). Drilled in October by the West Polaris drillship in around 3400ft (1050m) of water…
Dutch firm OOS International Group has signed a memorandum of understanding which paves the way for it to bring the largest semisubmersible crane vessel to the market. The new vessel, called the OOS Zeelandia (pictured), would be ordered from China Merchants Industry Holdings…
Maersk Oil and the Danish Underground Consortium are investing US$3.36 billion to redevelop Denmark’s principal gas field. Watch the video below or read more here
Aker BP has awarded contracts to Subsea 7 and Aker Solutions for work on its Ærfugl gas field subsea tieback in the Norwegian Sea. The Ærfugl gas field development, previously known as Snadd, about 210km west of Sandnessjøen in the Norwegian Sea…
Keppel Offshore & Marine, through its subsidiaries, has inked new contracts froom Petrobras and SOFEC, worth in total about US$96.22 (S$130 million). Keppel Shipyard's contract from SOFEC is for the fabrication of a turret mooring…
UK-based fractured basement reservoir explorer Hurricane Energy says a new competent person's report (CPR) across its Rona Ridge assets has seen an increase in its reserves estimates - by 231%. The report, by by RPS Energy Consultants…
EnQuest COO and executive director Neil McCulloch is stepping down today from his posts, by mutual agreement, according to the UK independent operator. In his place, Faysal Hamza has been appointed Interim Head of North Sea, and Bob Davenport has been appointed Managing Director…
New North Sea-focused independent Spirit Energy, owned jointly by Centrica and Bayerngas Norge, has launched. Spirit Energy combined Centrica’s E&P business with Bayerngas Norge, under a deal announced in July this year. Spirit…
CATS Management, part of Antin Infrastructure Partners, is to buy Premier Oil's stake in the Esmond Transportation System (ETS) pipeline in the UK North Sea. The ETS pipeline was constructed in order to transport gas from Esmond…
Mexico’s state-owned firm Pemex has canceled its tender for the Nobilis-Maximino farm-out that was scheduled to coincide with the country’s next deepwater round (2.4) in January. Juan Carlos Zepeda, president commissioner…
Norway’s Petroleum Safety Authority (PSA) has granted Eni permission to restart production at its Goliat development after verifying the company has addressed electrical safety issues at the field. Goliat FPSO Source: Eni In October…
US oil major Chevron has cut its capital and exploration spending program for a fifth consecutive year, putting aside US$18.3 billion for 2018. In 2017, the budget was set at $19.8 billion, down 42% from 2015, and expected to be 15% lower than 2016…
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