Latest News - page 1883

 

First Cambodian oil field wins FID

Oct 20, 2017

Singapore-based explorer KrisEnergy will proceed with the first phase of its Apsara oil field, the first hydrocarbon project offshore Cambodia, the company announced today (19 October). Phase 1A of the Apsara development, in Cambodia Block A in the Gulf of Thailand…

Energean: Montenegro blocks hold 438 MMboe

Oct 19, 2017

Mediterranean explorer Energean Oil & Gas praised the “untapped potential” of its two blocks offshore Montenegro, which may hold 1.8 TCF of gas and 144 MMboe of liquids (438 MMboe in total), according to a new report by Netherland Sewell & Associates (NSAI)…

ARO Drilling launches operations

Oct 19, 2017

ARO Drilling, the 50:50 joint venture created last year by Rowan Companies and Saudi Aramco, started operations on 17 October. The joint venture will support Saudi Arabia's Vision 2030, through which it seeks to modernize its economy and society…

BP awards Trinidad jackup contracts

Oct 19, 2017

BP Trinidad and Tobago (bpTT) has awarded a new contract and contract extension for two Rowan jackup rigs for drilling programs offshore Trinidad and Tobago. Jackup Rowan EXL II has been awarded a one-year, five-well drilling program scheduled to begin in the 1Q 2018…

Woodside strikes out offshore Myanmar

Oct 19, 2017

Australian explorer Woodside's latest exploration wells offshore Myanmar were non-commercial or dry, the firm has revealed. Thalin discovery Source: Woodside The firm's Pyi Tharyar-1 well…

Seanamic Group buys Flexlife

Oct 19, 2017

Seanamic Group has bought Aberdeen based flexible pipelines and umbilicals integrity management firm Flexlife. Seanamic was founded in 2014, and has since added Caley Ocean Systems, Umbilicals International, and most recently IMES Group…

TechnipFMC to buy Plexus jackup business

Oct 19, 2017

TechnipFMC has agreed to acquire Plexus Holding's Wellhead exploration equipment and services business for jackup applications - the Jack-up Business - for up to US$56 million (£42.5 million).  Plexus will initially receive $19.7 million…

Pemex to explore Mexico's pre-salt

Oct 18, 2017

The National Hydrocarbons Commission (CNH) has approved Pemex’s exploration plans to probe Mexico’s first-ever pre-salt well in the Bay of Campeche. The probe, called YAXXTAAB-1 is in the AE0013-M-Pilar de Akal Kayab-04 area (pictured…

Subsea 7 to buy Normand Oceanic

Oct 18, 2017

Subsea 7 will become the sole owner of the Normand Oceanic, a flex-lay and heavy construction vessel that is being managed by Solstad Farstad while under long-term contract to a third party. The company will take ownership of the vessel…

Ophir inks new Equatorial Guinea PSC

Oct 18, 2017

Equatorial Guinea's Ministry of Mines and Hydrocarbons, Ophir Energy and national oil firm GEPetrol have signed a new production sharing contract (PSC) for Block EG-24 offshore Rio Muni. Block EG-24 (formerly Block EG-20 and Block M)…

RockRose to buy Idemitsu Petroleum

Oct 18, 2017

RockRose Energy has signed deal to acquire Idemitsu Petroleum from Japan's Idemitsu Kosan. The Idemitsu UK's assets comprise a substantial number of producing fields in the North Sea, which include: 30.8% stakes in Repsol's Ross and Blake fields…

Total completes Avalon farm-in agreement

Oct 18, 2017

Total subsidiary Total E&P Ireland has completed a farm-in deal with Providence Resources and Sosina Exploration on licensing option (LO) 16/27, containing the Avalon prospect, in the southern Porcupine Basin, offshore Ireland. The deal…

Statoil launches world's first floating wind farm

Oct 18, 2017

First power has been achieved from Statoil and partner Masdar's Hywind Scotland project - the world's first floating wind farm.  The 30MW wind farm, operated by Statoil, is 25km offshore Peterhead, Scotland, and comprises five, 6MW turbines…

ODE to support Vulcan Satellites development, from FEED to O&M

Oct 18, 2017

North Sea minnow Independent Oil and Gas has signed a letter of intent with Offshore Design Engineering for work on its Blythe Hub and Vulcan Satellites Hub development. ODE will provide technical and operational support ahead of final…

Shearwater delivers Eastern Med 3D data

Oct 18, 2017

Shearwater GeoServices has delivered a 3D Fast Track Pre-Stack Depth Migration (PreSDM) product for Edison International, following the efficient acquisition of a high quality 3D SHarp broadband dataset in the Eastern Mediterranean. Simon Telfer…

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