Atlantic Petroleum has completed the sale of its 25% interest of UK license P.1606 Orlando to Decipher Energy. The Orlando project is a planned subsea tieback to the Ninian platform, operated by CNR International. Atlantic will get…
Aker BP has received consent to use the Mærsk Invincible jackup rig for plugging and abandoning wells at the Valhall field. Production from the Valhall DP is scheduled to end in the next few years. Three of the wells are still in production…
Gulf Marine Services is close to putting its new cantilever system on its GMS Evolution self propelled jackup barge into system. The cantilever system will enable the firm to compete for well workover and intervention work that was previously…
Shell has awarded Wood Group a contract in support of its decommissioning the Brent Bravo platform in the UK North Sea. Effective immediately, Wood Group will prepare the platform for removal via a single lift using the Pioneering Spirit heavy lift vessel…
A recent Wood Mackenzie survey finds that 80% of oil and gas operators expect oil prices to reach the US$50-$60/bbl range this year. Despite optimism over oil prices, survey respondents remain very cautious right now, with little appetite for risk…
LQT Industries has been awarded multiple Gulf of Mexico projects including aluminum accommodation rental packages, construction, and refurbishment projects. LQT is providing aluminum accommodation packages for major oil and gas operators on two separate offshore platforms…
Odebrecht has named Luciano Nitrini Guidolin as the company’s new chief executive officer (CEO), replacing Newton de Souza. Guidolin will continue the business restructuring process and meet the challenge of bringing Odebrecht back to…
Premier Oil says it will begin a short subsea tie-in campaign next month at the Varadero prospect, as its Catcher project remains on track to deliver first oil later this year. Image from Premier Oil Premier…
Italian giant Eni has gotten a jump-start at its deepwater Jangkrik Development Project offshore Indonesia, starting gas production ahead of schedule. The Jangkrik FPU. Image from Eni Twitter. Jangkrik consists of two gas fields…
Centrica is investing £35 million in the North Sea Chestnut field, drilling a new production well which aims to more than treble production. The well is expected to also extend the life of the field, which otherwise would have been shut in later this year…
The Australian government’s annual Offshore Petroleum Exploration Acreage Release has been announced with 21 areas on offer. The areas are across eight sedimentary basins in Commonwealth waters offshore of Northern Australia, Western Australia…
Members on an Australian Senate Inquiry have mostly supported oil and gas activities in the Great Australian Bight, subject to robust regulatory standards, says the Australian Petroleum Production & Exploration Association (APPEA). The…
Ophir Energy's Ayamé-1X exploration well offshore the Ivory Coast found oil, but not in significant quantities. The well, in block CI-513, reached a total depth of 5394m true vertical depth sub sea. The well was targeting a number…
Tidal energy firm Atlantis Resources has signed a strategic partnership agreement (SPA) with South Korea's Hyundai Engineering & Construction over collaborating on ocean power renewable projects, including targeting a 100MW tidal stream project in South Korea…
The Norwegian Petroleum Directorate (NPD) has launched a consultation on a new act on mineral recovery on the Norwegian Continental Shelf. The move comes after the ministry took over responsibility for the exploration and recovery of…
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