Finalists for the 2017 Offshore Achievement Awards, supported by OE (Offshore Engineer) have been unveiled today. Hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, the annual awards recognize some of the industry’s…
CNOOC's shallow water Penglai 19-9 comprehensive adjustment project has started production. The Penglai 19-9 oilfield is in Bohai Bay, China, which has an average water depth of about 30m. The Penglai field, discovered in 1999, has been described as the largest offshore field in China…
Sturla Magnus has been appointed new executive vice president (EVP) for Structural Solutions and responsible for Kvaerner's yard at Verdal. He will start in his new position 1 April 2017 at the latest. Previous EVP of Structural Solutions…
Norway's Solstad Offshore (SOFF) has been awarded a subcontract with US-headquartered McDermott for the provision of light construction vessel services associated with Ichthys gas field development project, offshore Western Australia. Solstad's…
US independent Hess will increase its 2017 exploration and production (E&P) budget, turning its attention to activity offshore Norway, Guyana, and the Gulf of Mexico, the company announced on 12 January. Image from Hess…
Production on 10 January 2017 from the Beibu Gulf fields, offshore China, reached a total of 13.9 MMbbl, according to Horizon Oil. Up until this point, the Block 22/12 participants have been paying a fixed operating tariff of US$4.75/bbl to China National Offshore Oil Corp…
Oil and gas production on the Norwegian shelf is high. The adjustment process has been extensive, but the cost reductions implemented by the industry will lay the foundation for profitable activity for many years to come, the Norwegian Petroleum Directorate (NPD) said…
Ithaca Energy is further delaying its Stella field offshore the UK to February 2017 due to an electrical inspection program on the FPF-1 floating production facility. First oil was anticipated at the end of November 2016, and was pushed back to January 2017…
ExxonMobil has hit gold offshore Guyana with its new ultra deepwater Payara discovery, in addition to upping its ante at the giant Liza field. The Stena Carron, from Stena Drilling. The…
Premier Oil's Catcher North Sea floating production project is on schedule for startup later this year with a 29% reduced capital budget compared to when it was sanctioned, at US$1.6 billion. The Catcher area is expected to produce 96 MMboe…
Driven by the success of Eni’s major Zohr field gas discovery offshore Egypt in 2015, companies are rethinking the Eastern Mediterranean region’s gas potential, according to new analysis from IHS Markit. Total’s announcement that it will…
UK-listed independent Ophir Energy says preparations for drilling to restart on the deepwater Ayame-1 oil exploration well offshore Ivory Coast, Africa, are at an advanced stage. The well is expected to spud in late May and is targeting about 240 MMbbl Pmean recoverable resources…
Austrian operator OMV is restarting production from the Maari/Manaia wellhead platform, offshore New Zealand, in which a crack was found late last year. A temporary repair has been made and now OMV, with advisors AMOG and Worley Parsons…
Eni has started drilling on the Boné (Dazzler) exploration well 7318/12-1 in the Norwegian Barents Sea. Boné, being drilled using the Scarabeo 8 semisubmersible drilling rig is in a similar structural setting to the Johan Castberg discovery…
Tullow Oil announces several changes to its board of directors. Paul McDade, currently chief operating officer, will be appointed chief executive officer following Tullow’s Annual General Meeting (AGM) on 26 April 2017. This follows an…
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