Floating production firm BW Offshore has started an arbitration process against Addax Petroleum Exploration over payment for use of the floating production, storage and offloading vessel (FPSO) Sendje Berge. BW Offshore says Addax as…
Partners in the Leviathan field offshore Israel have secured US$1.5-1.75 billion funding towards the field development project. Delek Drilling and Avner Oil Exploration secured the cash from HSBC Bank and J.P. Morgan. It will be released in tranches…
BP has acquired stakes in the Jock Scott and Craster high-temperature high-pressure, North Sea exploration prospects, operated by Statoil and Nexen respectively, with exploration wells planned on each mid-2017. The move comes just days…
UK fractured basement player Hurricane Energy has agreed in principal deal for a floating production and storage offloading (FPSO) unit to develop its Lancaster field and is set to drill its nearby Halifax prospect, west of Shetland, UK. Under a heads of terms agreement…
The European Intervention and Coiled Tubing Association (ICoTA), is delighted to announce that this year's recipient of the ICoTA Innovation Award was a joint entry from Shell, Helix Well Ops and Altus Intervention. The award, presented at the annual SPE ICoTA Well Intervention Conference…
The Aberdeen, Highlands & Islands branch of the Energy Institute (EI) will host its annual MSc Student Best Paper competition for postgraduate students in Aberdeen next Tuesday night (29 November). The is organized by the EI branch to…
BP has agreed to buy a 10% interest in the Shorouk concession offshore Egypt, containing the super-giant Zohr gas field, for US$375 million. As part of the deal with Eni, BP will also reimburse Eni for BP’s share of past expenditure…
Start up on Ithaca Energy's Stella field has been set back after electrical faults were found on the floating production unit. First oil via the FPF-1 floating production facility had been due at the end of this month, but is now expected early January…
Cairn Energy and its partners have contracted a rig to drill two appraisal wells on the world class SNE oil field offshore Senegal in 2017. The wells - SNE-5 and SNE-5 - will be drilled using the Stena DrillMAX drillship, starting Q1…
Dubai-based engineering and fabrication firm Lamprell has won a contract from ScottishPower Renewables for the fabrication of multiple jackets and piles for the East Anglia One Offshore Wind Farm. The East Anglia One project will be in the southern North Sea…
Production at OMV's Maari oil field offshore New Zealand has been shut in and the wellhead platform (WHP) down-manned after a crack was found in the platform. The 1.4m-long crack was found in one of the platform’s horizontal struts. The field…
Australia-based explorer Po Valley Energy has been awarded a preliminary Production Concession for the 47 Bcf offshore Teodorico gas field in the northern Adriatic Sea – offshore Italy. The Teodorico gas field, within the AR94PY license area…
FMC Technologies and Technip been cleared by the European Commission to go ahead with a merger. The firms are set to combine, with shareholders due to vote on the move, announced back in May, on 5 December. Clearance decisions have…
Providence Resources has inked a contract for a drilling rig to explore its southern Porcupine Basin license, containing the Druid and Drombeg prospects, starting June next year (2017). The Frontier Exploration License (FEL) 2/14 is…
SMD, a subsea technology provider, has introduced of Sentio, a synthetic environment and virtualization platform that is designed to optimize and improve the efficiency of operations in offshore environments. Sentio lets the user create models and environments to produce virtual scenarios…
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