Norway's Statoil, with partners Eni (30%) and Petoro (20%), has submiited a plan for US$5.9 billion (NOK49 billion) development and operation for the Johan Castberg field in the Norwegian Barents Sea. The development cost is more than half of the original estimated cost for the project…
Total and Sonangol have reached an agreement for the second phase of development of the offshore Zinia field, paving the way for a final investment decision for the project. Pazflor FPSO. Photo from Sofec…
Fugro has been awarded contracts by Ørsted to undertake geotechnical investigations at two large-scale offshore wind development sites. Ørsted is pursuing the development of these two new projects - Bay State Wind, located 15mi off the coast of Martha’s Vineyard…
Pancontinental Oil & Gas has signed a petroleum agreement (PA) for its second block offshore Namibia. Under the agreement, the firm has committed to a four-year exploration program. Pancontinental also will become project operator with 75% interest in Block 2713 in the Orange Basin…
Tamar Petroleum is negotiating with Noble Energy to acquire a 7.5% participation right in the I/12 Tamar lease and the I/13 Dalit lease offshore Israel. The company seeks to gain the interest through cash and private placement of company shares to Noble…
ExxonMobil will explore three deepwater blocks offshore Mauritania after signing production sharing contracts for them with the government of Mauritania. The company has acquired interests in Blocks C22, C17 and C14, which encompass almost 8…
Swedish headquartered Lundin Petroleum has started drilling on the Hurri prospect in the southern Barents Sea, offshore Norway. Exploration well 7219/12-3, in PL533, is about 2 km southwest of the Filicudi oil discovery and south of the Statoil-operated Johan Castberg development…
UK subsea industry body Subsea UK is working with Scottish Enterprise to promote research and development projects between Japan and Scotland, aimed at solving complex subsea challenges, particularly through use of digital technologies. The…
UK-focused oil firm Egdon Resources has acquired 100% interest in UK North Sea Promote Licence P2304 (UKCS Block 41/24), containing part of the the Resolute gas discovery, through a deal with two other firms. Egdon acquired 50% in the…
UK explorer Siccar Point Energy E&P has signed up a rig to drill a well on the Lyon prospect, west of Shetland. Lyon is due to be drilled in 2018, using North Atlantic Drilling's West Hercules semisubmersible, immediately following drilling a Cambo appraisal well…
A university in Scotland has launched a 'world-first' simulator for decommissioning activities in the UK North Sea and further afield. Aberdeen’s Robert Gordon University (RGU) in collaboration with funding partners The Oil & Gas Technology Centre…
UK-based subsea services group Acteon has acquired Viking Seatech Group, following regulatory clearance. The move follows the sale of its Mirage Machines business to Actuant, a US corporation. Aberdeen-based Viking Seatech is a provider of marine services to the energy industry…
Norway's Aker BP has agreed to divest a 10% stake in the Valhall and Hod fields to new firm Pandion Energy. The move comes shortly after Aker BP acquired Hess Norge, which gave it 100% ownership in Valhall and Hod, and comes as Aker BP…
Subsea industry firm Subsea 7 has agreed to make an investment in Dutch themoplastic composite pipe (TCP) manufacturer Airborne Oil & Gas (AOG). Subsea 7 joins Shell, Chevron, Saudi Aramco and Evonik as shareholders in AOG. Manufactured out of a composite of fibers and polymers…
Petrobras has declared commerciality at the Libra Northwest field, formally renaming it Mero, following a vote amongst its workforce, the Brazilian operator announced on 30 November. Pioneiro de Libra FPSO…
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