Cairn Energy has completed a farm to Dyas UK, comprising a 10% interest in the Premier Oil-operated Catcher development and adjacent acreage in the UK North Sea. In return for the 10% stake, Dyas will carry Cairn’s exploration and development costs up to a cap of US$182 million…
Lekoil Nigeria is eying a two-phase field development plan for its Otakikpo marginal field project offshore Nigeria. The firm, which received approval, in early December 2014, to perform planned recompletions of the 002 and 003 wells on Otakikpo…
Origin Energy says the Speculant-1 exploration well in the Otway basin, offshore Victoria, Australia, is to be suspended while development options are assessed. The well, which encountered 'potentially commercial quanitities of gas' in the primary Waarre formation reservoirs target…
Oceaneering International is to provide the umbilicals and umbilical distribution hardware for Hess' Stampede Project in the Green Canyon area of the US Gulf of Mexico. The hardware will be used to transmit hydraulic control fluids, chemicals…
The first construction work on what will become the UK's first offshore tidal power array started in Scotland today (21 January). Contractors started work on a 340m access road for the MeyGen tidal stream project, says Atlantis Resources…
International accountant and shipping adviser Moore Stephens says companies in the offshore maritime sector could be among those hit by a 25% Diverted Profits Tax (DPT) charge under draft UK legislation scheduled to enter force in April 2015…
Statoil has continued a contract award spree on its giant Norwegian North Sea Johan Sverdrup project, awarding Aker Solutions a US$590 million detailed engineering contract. Johan Sverdrup, which sits in on the Utsira High, 140km west of Stavanger…
Norway's Ministry of Petroleum and Energy today cranked open the door to Barents Sea exploration by putting some 54 blocks or part blocks in the icy northern region into its 23rd licensing round. The opening of the Barents Sea to exploration…
The US Gulf of Mexico deepwater Madison well has been plugged and abandoned after failing to find commercial hydrocarbons. Operator Noble Energy drilled the well to a total depth of 16,850ft, in 7149ft water depth, on Mississippi Canyon 479…
Brazil’s PetroRio is acquiring 80% interest in the Bijupirá and Salema fields, offshore Brazil from Shell Brasil Petróleo. Image of the Fluminense FPSO. From Modec. The Bijupirá and Salema fields are located in the Campos basin…
After 25 years with the company, Apache President and Chief Executive Officer G. Steven Farris announced his retirement effective today. Farris. From Apache. The 66-year old will continue…
Schlumberger and Eurasia Drilling (EDC) entered into an agreement in which Schlumberger will acquire 45.65% interest in EDC in a US$1.7 billion deal. The agreement extends the successful long-term relationship enjoyed by the two companies within the strategic alliance signed in 2011…
Acteon announced the start-up of Clarus Subsea Integrity Inc., a new group company created from 2H Offshore’s subsea integrity business segment. Based in Houston, USA, the new company will commence operations in January 2015 and plans to expand globally…
The University of Houston (UH) will lead a national research center for subsea engineering and other offshore energy development issues, including research and technology to improve the sustainable and safe development of energy resources in the Gulf of Mexico…
Noble Energy’s Madison exploration well has been plugged and abandoned in the Gulf of Mexico after no commercial hydrocarbons were found. The well was drilled to a total depth of 16,859ft in the Mississippi Canyon 479 and reached its targeted Upper and Middle Miocene objectives…
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