Statoil has completed a farm-in transaction with ExxonMobil, acquiring a 35% interest in the ER 12/3/154 Tugela South Exploration Right offshore South Africa. The remaining interests are held by operator ExxonMobil (40%) and co-venturer Impact Africa (25%)…
Mozambique is looking forward to some US$691 million spending on exploration after naming successful bidders in its fifth licensing round. ExxonMobil, with partner Rosneft, has led the pack in bids to win new acreage, including deepwater areas…
Wood Group has won a multi-million dollar contract to provide engineering services to BP’s existing subsea infrastructure in the Gulf of Mexico, UK and Norwegian continental shelves and offshore Azerbaijan. Wood Group Kenny (WGK) will deliver program…
Noble Energy has commenced production from the Big Bend oil development in Mississippi Canyon 698 of the deepwater Gulf of Mexico. Noble and partners expect the single-well field to reach a maximum gross production rate of approximately 20…
In this illustrated video, National Oilwell Varco (NOV) shows its Devin subsea completion and intervention package and what it does for deepwater operations. Devin provides various surface support equipment packages and technicians in support of both lower/upper completion operations…
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) delivered the ARABDRILL 70 jackup rig to Arabian Drilling (ADC). ARABDRILL 70 is the fourth KFELS B Class jackup rig to work for ADC. Keppel FELS had previously delivered two jackup rigs…
CGG announced that it has been appointed as technical consultant by the Gabonese Republic’s Ministry of Petroleum and Hydrocarbons to help with the promotion of its 11th Licensing Round focusing on five highly prospective deepwater blocks…
Badger Explorer and the University of Glasgow, supported by the Oil & Gas Innovation Centre (OGIC), will collaborate on the development of the Badger Explorer technology, a rig-less formation and reservoir evaluation tool. The device drills down to the target reservoir…
Eni subsidiary Saipem is asking for up to US$3.8 billion (3.5 billion EUR) in capital from its investors to scale back its debt, as the company reported a 13% drop in revenue in 3Q 2015. Image from Saipem…
Houston-based Atwood Oceanics, announced that one of its subsidiaries had agreed to a nine-month extension and rate adjustment to its existing contract with Southeast Asia's Mubadala Petroleum for the ultra premium jackup, the Atwood Orca…
Image: Chris Echols/Ashtead Technology Ashtead Technology invested more than US$300,000 in the latest generation of visual inspection tools for deep sea exploration. The investment…
Italian giant Eni has sold 12.5% interest in its subsidiary Saipem, to Fondo Strategico Italiano (FSI) in a move that is expected to enhance Eni’s financial flexibility and development. Image from Saipem…
DONG Energy announced it will construct the 660MW Walney Extension offshore wind farm, located in the Irish Sea, approximately 19km off the west coast of Britain. The final investment decision has been made after securing all necessary consents from authorities…
FMC Technologies has developed and patented a technology to replace the orbital welding process used to connect small bore hydraulic tubing used in subsea equipment — the shape memory alloy subsea fitting. The technology is based on shape…
Statoil’s US$7 billion Mariner heavy oil project in the UK North Sea has been set back a year due to engineering and construction delays, the operator revealed today. The Norwegian operator's Aasta Hansteen project, in the Norwegian Sea…
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