Denmark’s DONG Energy will divest its activities within the oil and gas business by the end of 2017. Image of a DONG turbine, from DONG Energy. The company has already 'initiated…
Industry funding will support TGS’ first new multi-client acquisition project in 2017, AM17 Atlantic Margin 3D in the Norwegian Sea. AM17 is a 40,000sq km project in the central-southern Norwegian Sea. The 3D survey will cover largely…
S.D. Standard Drilling, through wholly owned subsidiaries, has agreed to acquire three ST-216L CD platform supply vessels (PSVs) from Volstad Shipping, increasing its fleet to 10 PSVs. The vessels are to be acquired for a total en-bloc consideration of US$40 million…
China’s CNOOC has revealed its 2017 business strategy and development plan that includes a total of five new projects set to come onstream, and a capex that could reach US$10.2 billion (RMB 70 billion). Image from CNOOC…
Australia's Woodside says the Scarborough project could move into front end engineering and design in 2017, with a final investment decision by 2020. Woodside acquired a stake in the ExxonMobil-operated license, containing the Scarborough field…
Lundin is to take a non-cash impairment charge of US$632 million after deciding to take some 170 MMboe contingent resources in Malaysia and the Caspian Sea off its books. The Sweden-headquartered explorer said it was removing the resources…
Guyana's Ministry of Natural Resources says it is planning to have a new Petroleum Directorate established and functioning within Q1 this year. The move comes as the South American country eyes its first offshore oil production, following…
Private equity back UK explorer Azinor Catalyst says success on a planned exploration well in Scotland's Outer Moray Firth could change industry perception of what is an under-explored part of the Moray Firth. The firm is planning a well on its Partidge prospect in the Outer Moray Firth…
UK Oil & Gas Investments subsidiary UKOG Solent has been granted a one-year extension to its initial term on license P1916, off the Isle of Wight, England, to 31 January 2018. UKOG says P1916 contains an undrilled Portland limestone conventional oil prospect…
Australia-based explorer Pura Vida Energy has agreed in principal a deal with a rig contractor to fund a share of the costs of a three-well drilling program offshore Gabon, west Africa, in return for a share of future production on any discoveries found…
Transocean has filed a complaint of patent infringement against fellow rig builder Noble Corp. in a Houston court, accusing Noble of infringing upon Transocean’s “dual-activity” technology. However, Noble is standing its ground, and says it disagrees with this lawsuit…
MISC Berhad has started the conversion of floating storage, and offloading unit (FSO) Benchamas 2 in a ceremony at the MMHE West Yard, Pasir Gudang, Malaysia. FSO Benchamas 2 will be a conversion of the Bunga Kelana 5, previously operated by AET…
Norway's latest licensing round has seen the fewest companies awarded licenses in the Norwegian Awards in Predefined (APA) areas in a decade. But, the number of licenses offered remains high - the most since 2013, in fact, creating an opportunity…
Lloyd’s Register helps you navigate the regulatory and technical complexities of late life operations and decommissioning. Drive significant cost savings, improve project efficiency and safely decommission assets and facilities.
As of January 2017, Rotterdam Offshore Group (ROG) has started to upgrade their facilities in the Waalhaven, Rotterdam. ROG has acquired the neighboring land and buildings to their existing premises allowing the significant expansion of their quayside…
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