Latest News - page 1618

 

Siccar Point's Lyon Prospect Disappoints

Jun 28, 2019

UK focused Siccar Point said it has completed an exploration well 208/02-1 on the Lyon Prospect in Licence P1854 in the West of Shetland, but the results fell short of expectations.Operator Siccar Point, which holds 33.34% interest in the license alongside partner Ineos (66…

PTTEP Makes Large Gas Find off Malaysia

Jun 28, 2019

PTTEP announced it has made its largest gas discovery ever, at the Lang Lebah-1RDR2, the first exploration well in Sarawak SK410B Project located offshore Sarawak, Malaysia.Drilling of Lang Lebah-1RDR2 commenced in March targeting non-associated…

Sleipnir Passes Sea Trials

Jun 28, 2019

The world's largest crane vessel, Sleipnir, has completed sea trials and crane load tests, the vessel’s owner Heerema Marine Contractors announced on Friday.The new $1.5 billion semi-submersible crane vessel was built by Singapore's Sembcorp…

Norway Oil Workers Strike Averted

Jun 28, 2019

Norwegian labor unions and oil rig owners agreed a wage deal on Friday, averting the outbreak of a strike that would have halted some of the Nordic country's crude production and paralyzed exploration activity for new resources, unions and companies said…

Shell, Exxon Eye Somalia's Offshore

Jun 28, 2019

Royal Dutch Shell and Exxon Mobil are looking to return to Somalia ahead of an oil block bid round later this year, the East African country's oil ministry said.Shell and Exxon Mobil had a joint venture on five offshore blocks in Somalia prior…

A Push for Better Offshore Water Treatment

Jun 28, 2019

Changing environmental regulations around the world will have an impact on how the offshore industry handles produced water.Typically, offshore operators treat their produced water so it can be discharged back into the ocean, although there…

Oceanteam Bags CSV Gig

Jun 28, 2019

Norway's Oceanteam Shipping said that its construction support vessel (CSV) Southern Ocean will support Fugro for a deepwater remotely operated vehicles (ROV) subsea installation project off the coast of Sabah, Malaysia.The offshore services…

Floating Wind: French, Japanese Firms Partner

Jun 28, 2019

French floating foundations developer Ideol and Japanese renewable specialist Shizen Energy have signed an agreement to jointly develop a commercial-scale floating offshore wind project (OWF) off the coasts of Kyushu in Japan.The agreement was signed in Tokyo today by Paul de la Guérivière…

W&T Buys Exxon's Eastern GoM Assets

Jun 27, 2019

W&T Offshore announced on Thursday that it has entered into a purchase and sale agreement with ExxonMobil to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico, offshore Alabama…

CAN-ductor Reduces Environmental Impact

Jun 27, 2019

Neodrill's CAN-ductor technology is capable of reducing a well's environmental impact by as much as 44% compared to a conventionally drilled well, a recent report found.The CAN (Conductor Anchor Node) is a combination of suction anchor and guide pipe…

Zama Resource Estimate Upgraded

Jun 27, 2019

Talos Energy and its partners have increased the resource estimate of the Zama field in the offshore portion of Mexico's Sureste Basin, following evaluation of the data acquired from the Talos-operated Block 7 Zama appraisal campaign.'Based on the preliminary results of our appraisal program…

Well-Safe Solutions Opens New HQ

Jun 27, 2019

Well-Safe Solutions will be moving into a new larger headquarters in Aberdeen, following a landmark contract win and acquisition of its first asset.The decommissioning company, set up in 2017, said it has invested several million in its new building…

Shell, Hexcion to Develop Floating Wind Farm

Jun 27, 2019

Swedish floating wind farm designer Hexicon said it is teaming up with energy giant Shell to develop, construct and operate a floating wind farm approximately 40 kilometers offshore Ulsan.The project will be carried out under a joint development agreement signed by Shell and CoensHexicon…

CNOOC Invites Foreign Firms to Bid for Offshore Blocks

Jun 27, 2019

China National Offshore Oil Corporation, or CNOOC, has issued a tender inviting foreign firms to jointly explore and produce oil and gas in the South China Sea and the Bohai Bay area, according to a statement posted on the company's website on Wednesday…

Tullow Encounters Delays Offshore Ghana

Jun 27, 2019

UK-based oil & gas company Tullow Oil Plc’s subsidiary Tullow Oil Ghana, has announced the pushing back completion of drilling of the Enyenra-14 production well in Deepwater Tweneboa, Enyenra and Ntomme (TEN) field development following revision of 2019 projection figures for this offshore project…

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