The UK Department of International Trade (DIT) is urging UK companies to invest in Azerbaijan’s oil and gas sector, citing the opportunities available in the “Motherland of Oil.' “People who think they know about Baku and Azerbaijan should take another look…
In 1994, when BP and SOCAR signed a deal for the development of the Azeri, Chirag and Gunashli oil fields in the deepwaters of the Caspian Sea, it was dubbed the 'Contract of the Century.' Now, the 'Contract of the New Century' has been signed…
Hurricane Energy has made a final investment decision on its Lancaster early production system (EPS) development and expects regulatory approval shortly. The Lancaster EPS is a two-well tieback to a floating production, storage and loading facility that is expected to produce 17…
Qinterra Group’s North Sea well intervention specialist Altus Intervention and its international technology arm, Qinterra Technologies have combined. With headquarters in Stavanger, Norway, the combined group will be known as Altus Intervention…
Wood Group has been awarded a new contract by China National Offshore Oil Corp. (CNOOC) to support the Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea. Subsea and flow assurance services will be provided under the contract…
Shell has secured its Prelude floating liquefied natural gas (FLNG) facility to the seabed offshore Western Australia, after completing the installation of eight of the 16 mooring lines. Illustration of Prelude's turret mooring system…
GulfSlope Energy and Texas South Energy have jointly executed an exclusive letter of intent (LOI) with a large international oil and gas company to drill and develop a minimum of three wildcats in the Gulf of Mexico. The deal comes with…
Seadrill has filed for bankruptcy protection, as investors fork up US$1.06 billion of new capital for the company. Anton Dibowitz. Image from Seadrill. The company signed deals with more than 97% of its secured bank lenders…
The Isle of Man has launched an offshore licensing round for acreage that has not been reviewed in more than 20 years. Isle of Man. Image from iStock. Earlier this week, the…
Repsol has awarded Archer Wireline and Archer Oiltools a four-year frame agreement contracts for additional plugging and abandonment (P&A) services for Repsol Norge. Image from Archer. The…
Borr Drilling accepted a letter of intent from BW Energy Dussafu (BWE), a subsidiary of BW Offshore, for a drilling campaign offshore Gabon. Borr’s premium, high-specification jackup Norve will be utilized to drill and complete two subsea development wells…
Schlumberger unveiled the new DELFI cognitive E&P environment at the SIS Global Forum today (13 September), which enables collaboration across exploration and production (E&P) teams and leverages the full potential of all available data and science to optimize E&P assets…
Wärtsilä and Finnish-based AW-Energy have signed a global co-operation agreement covering sales and delivery of WaveRoller, a wave energy technology developed by AW-Energy, on a turnkey basis across the life-cycle. WaveRoller…
Statoil and its partners have approved the lifetime extension for the Veslefrikk field in the North Sea until 2025, according to Industri Energi. Veslefrikk platform. Image from Statoil. In late summer…
Total E&P has extended the charter of the Safe Caledonia semisubmersible accommodation vessel at the Elgin-Franklin Facility in the UK sector of the North Sea. The 30-day option extends on site operations through until late October 2017…
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