Supermajor Shell has agreed to sell a package of UK North Sea assets to Chrysaor for a total of up to US$3.8 billon. The packaged deal consists of Shell's interest in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, the Greater Armada cluster…
Aker BP has received consent from Norway’s Petroleum Safety Authority (PSA) to remove the emergency response vessel at the Alvheim field. Aker BP wants the Alvheim field to be included in the area contingency planning for the Sleipner-Utsira area…
Norway’s Petroleum Safety Authority (PSA) has granted Lundin consent to carry out exploration drilling of well 16/1-27 on the Edvard Grieg field in the North Sea. Lundin is the operator of the Edvard Grieg field, around 140km west-southwest of Stavanger…
Pacific Exploration & Production Corp. has appointed Barry Larson as its new chief executive officer, effective 20 February 2017. Larson will be based at the company's operating headquarters in Bogotá, Colombia. Jim Latimer will continue…
Repsol Sinopec Resources UK exercised further options with Prosafe to extend the charter of the Safe Boreas semisubmersible accommodation unit by a total of 17 days. The firm operational period of the Safe Boreas at Montrose A in the…
Norwegian outfit Borr Drilling has taken delivery of the Frigg (formerly Hercules Resilience) and the Ran (formerly Hercules Triumph) jackup drilling rigs from Hercules Offshore. The two rigs, bought for US$130 million late last year…
Offshore geoscience and geotechnical engineering consultancy Cathie Associates, has formed a US entity: Cathie Associates Inc in Boston, Massachusetts. The move is part of the company’s plans for international expansion and will enable them to serve offshore wind development in the US…
Siemens Wind Power has installed the latest version of its offshore direct drive wind turbine at the national test center in Østerild, Denmark – according to plan. The SWT-8.0-154 is rated at 8 MW and equipped with the proven 154m diameter rotor…
AzEire Petroleum has been awarded an extension to its 100% working interest FEL 1/13 license in the Porcupine Basin, offshore Ireland. Map of FEL 1/13, from AzEire. The extension…
Culzean. Image from Maersk Oil. IKM has secured a pre-commissioning contract, courtesy of Subsea 7, for the Culzean gas field, offshore the UK in the central North Sea. Subsea 7 has won the award from Maersk Oil for subsea…
Statoil has received consent from Norway’s Petroleum Safety Authority (PSA) to use the Songa Encourage mobile drilling facilityfor well activities at Norne, Norne satellites, and Alve in the Norwegian Sea. Statoil is the operator of the Norne field in the Norwegian Sea…
Chevron posted total earnings of US$415 million for Q4 2016, however, posted a loss for full-year 2016 that the US supermajor says were due to the low oil prices. Image from Chevron. Chevron’s Q4 2016 earnings reflected a gain…
Oil & Gas UK has elected Greta Lydecker from Chevron Upstream Europe, and UK ConocoPhillips President Terri King, to its board of directors. Lydecker, managing director, Chevron Upstream Europe, and King, president, UK ConocoPhillips…
Offshore exploration could, finally, soon be on the agenda in Lebanon after the country's first offshore licensing round was opened. Lebanon’s Energy Minister Cesar Abi Khalil announced on 26 January the opening and timetable for the round…
Houston's W&T Offshore latest Gulf of Mexico Mahogany field well has been brought on production and is ramping up to full production, the operator says, as it gears up for more drilling on the field. The Mahogany field is in US Gulf of Mexico block Ship Shoal 349…
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