Energean Oil & Gas has signed US$19 million exploration and production contract with State of Montenegro for two blocks off the Montenegrin coast. Rigas, Sekulic signing the exploration contract…
Atlantic Petroleum has agreed to sell its 25% stake in the Orlando development to Decipher Energy. The project is a planned subsea tieback to the Ninian platform, operated by CNR International. Decipher Energy was set up in September…
Eni's Boné exploration well in the Barents Sea is being plugged and abandoned after finding only water. The Boné well was drilled by the Scarabeo 8 semisubmersible drilling rig to a total depth of 3501m and encountered about 106m of gross water bearing reservoir…
French supermajor Total has started production from its Moho Nord deepwater development, 75km offshore Congo. The project, with 100,000 b/d capacity, is the biggest oil development to date in Congo and one of 10 developments Total is due to start-up in the next 17 months globally…
Shearwater GeoServices Norway has signed two separate deals offshore Norway, and in the Asian Pacific region. Image of the Polar Marquis, from Shearwater. Shearwater received…
Anadarko has hit wet Wilcox sands at its Shenandoah prospect in the Gulf of Mexico, according to partner Cobalt International. Ocean Blackhawk. Image from Diamond Offshore. The…
Cobalt International has encountered oil at its North Platte #4 appraisal well in the deepwater Gulf of Mexico, with plans to drill a second sidetrack, as the company ups its estimates of recoverable hydrocarbon resources at the prospect…
KrisEnergy has made changes to management and the board of directors following the recent financial restructuring. Kelvin Tang, currently vice president legal and president Cambodia, has been appointed chief operating officer, effective 15 March 2017…
Detecting accidental oil releases on and around offshore rigs in real-time is crucial in today's offshore market. Offshore oil spill monitoring is now being offered as a service by InterOcean Systems, eliminating the need for facility owners and operators to purchase…
Noble Energy has won approval to drill an additional well, Leviathan-7, at its giant Leviathan project offshore Israel, alongside the Leviathan-5 well, in a move that aims to streamline operations and reduce drilling costs, Noble's partner Delek Group announced today (14 March)…
Baker Hughes has released its TerrAdapt adaptive drill bit, which can deliver dramatic improvements in drilling economics by using automation to mitigate downhole dysfunctions that cause inefficient drilling and costly tool failures. With self-adjusting depth-of-cut (DOC) control elements…
Chevron has discovered oil at an appraisal well at its Anchor prospect in the deepwater Gulf of Mexico, according to partner Cobalt International. Map of Anchor, from Chevron. The…
The technology group Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat-D type semisubmersible drilling rigs operating in the North Sea. Songa Encourage…
BP’s Group Chief Executive Bob Dudley said the words that many in the crowd at CERAWeek by IHS Markit have longed to hear, “Lower for longer, but not forever,” he told moderator Daniel Yergin. Dudley…
Norway's Ministry of Petroleum and Energy has set out proposed exploration blocks to be offered in the 24th licensing round, including a large tranche in the Barents Sea. The move follows an invitation to oil companies to nominate blocks for inclusion in the 24th Licensing Round…
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