A trio comprised of Kongsberg Maritime, Statoil, and Eelume have entered into an agreement to accelerate new technology that will significantly reduce costs related to subsea inspection, maintenance and repair operations. Kongsberg and Statoil inked the agreement with Eelume…
Repsol Sinopec Brazil has discovered hydrocarbon pay at the Gávea A1 well in the ultra deepwater pre-salt Campos basin, offshore Brazil. Map of Campos basin, from Statoil. Gávea A1…
Shell shows a video of its giant Prelude is taking shape deep beneath the sea, in the waters offshore Western Australia. With construction of the Prelude FLNG facility well underway in the shipyard in Geoje, Shell is now at the coast of Western Australia…
Australia-based upstream company New Guinea Energy (NGE) has made an investment of some US$2.7 million (AU$3.55 million) in Karoon Gas Australia, representing about 18% of the company’s net assets. NGE, focused in Papua New Guinea (ONG)…
A referendum to drill within 12mi of the Italian coast has been sunk after failing to attract enough people to vote. A low turnout meant that the referendum, which had asked Italians if the government should stop renewing offshore drilling licenses within 12mi of the coast…
Cairn Energy has spudded its latest appraisal well on the 'world-class' SNE or Shelf Edge discovery offshore Senegal using the Ocean Rig Athena drillship, says partner FAR Ltd. Last month, FAR said recent appraisal well drilling on the…
UK-based independent explorer Hurricane Energy is planning two new appraisal wells on its Lancaster discovery after raising £52 million funding. The two wells, called the Lancaster 7 wells, could help Hurricane make a final investment…
Cox Oil Offshore has acquired a number of assets in the Gulf of Mexico from Chevron. The acquisition includes 19 fields and associated assets primarily on the Gulf of Mexico Outer Continental Shelf and in Louisiana state waters. “Today’s…
Norwegian independent Det Norske has agreed to buy Centrica Resources Norge's operated stakes in the Frigg Gamma Delta and Rind discoveries in the Norwegian sector of the North Sea. Subject to the deal being agreed by regulatory authorities…
Noble Corp.’s fleet report has revealed a two-year extension with supermajor Shell, dayrate adjustments, and the addition of another semisubmersible drilling rig to the cold stack list. The Noble Globetrotter I…
Singapore-based Ezra Holdings is set to divest its largest floating production and storage offloading (FPSO) unit, the Lewek EMAS, in efforts to step away from the ownership of FPSO assets and streamline resources, the company revealed in its 1H 2016 report…
Some 65 MMboe will be left untapped offshore Norway due to the early shut down of fields and the failure of the Vette project to meet economic margins, according to a report by the International Energy Agency (IEA). The IEA's April Oil…
Sevan Drilling and Cosco have agreed to defer delivery of the new-build Sevan Developer cylindrical drilling rig for another six months. The deepwater unit is being built by Cosco, but has faced construction delays. Meanwhile, Sevan has seen a slowdown in contract awards for deepwater units…
Aker Solutions is to provide maintenance and other services on Petrobras-operated subsea oil and gas fields offshore Brazil. The contract is for three years and worth NOK 1 billion and may be extended by another three years. The contract covers maintenance…
Classification society Bureau Veritas has issued Approval in Principle for the WindFloat Floating Offshore Wind Turbine (FOWT) foundation. WindFloat is designed by Principle Power and consists of a ballasted floating platform which supports a multi-megawatt wind turbine generator…
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