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…
Norwegian geoscience frim Spectrum has started a 2D seismic survey offshore Mozambique, in partnership with WesternGeco, for the country's Institute of National Petroleum (INP) ahead of future licensing rounds. The seismic survey will cover up to 19…
UK independent RockRose Energy has completed its acquisition of Idemitsu Petroleum. RockRose agreed to acquire Idemitsu Petroleum from Japan's Idemitsu Kosan in October. Idemitsu's UK assets comprise a substantial number of producing fields in the North Sea…
BASF and LetterOne have agreed to merge their oil and gas subsidiaries Wintershall and DEA, creating a joint venture the companies say would become one of Europe’s largest exploration and production firms. Under the agreement, BASF would hold 67% of the shares in the venture…
Ashtead Technology and Forum Energy Technologies have agreed to form a joint venture, creating a new provider of subsea survey and ROV equipment rental and associated services. Forum will contribute its subsea rentals business, currently trading as Forum Subsea Rentals…
UPDATE: One Maersk Drilling worker is dead and another injured following in an incident on the Maersk Interceptor jackup drilling rig, working at the Tambar field offshore Norway, on Thursday, 7 December. Aker BP said that the 'serious incident' was reported at 12…
A team of researchers from the University of Houston (UH) is working with the oil industry to develop new ways to predict when an offshore drilling rig is at risk for a potentially catastrophic accident. Ramanan Krishnamoorti, UH's chief energy officer…
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