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…
The Petroleum Safety Authority Norway (PSA) has carried out audits within several disciplines at Snorre B, which is operated by Statoil. From 24 October to 7 November 2016, the PSA carried out an audit of Statoil's handling of major accident and working environment risk at Snorre B…
Norway’s upstream sector continued to feel the pain of low oil prices in 2016, but looks poised to make a recovery in 2017, new research from global natural resources consultancy Wood Mackenzie shows. Driving the recovery will be a step-change in exploration…
Pacific Radiance, a provider of integrated offshore marine support services, has re-established its presence in the Middle East with its recently inked multi-year contracts worth up to US$68 million, including options. Under the multi…
ACE Winches, a deck machinery specialist, has secured a spooling contract with Oceaneering for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) project. The contract will be the first time ACE Winches’ 500-tonne reel drive system is used…
A severely distressed tail rotor caused the Sikorsky S-92 helicopter to lose total control in the 28 December incident at Total’s West Franklin platform offshore the UK, according to the UK’s Air Accidents Investigation Branch (AAIB). TRPCS…
GE Oil & Gas and Transocean signed a US$180 million contractual service agreement (CSA), to further maximize productivity and lower operating costs for Transocean. As a pioneer of new business models and performance-based service agreements…
Oil services giant Halliburton and Brazil’s Petrobras have signed a technology cooperation agreement that will advance collaboration in a diverse set of projects targeting complex reservoirs such as deepwater pre-salt and mature fields, offshore Brazil…
EMAS Offshore announced a net loss of US$2.2 million for the quarter ended 30 November 2016 (Q1 FY17), on the back of lower revenues. For Q1 FY17, the group recorded revenue of $42.5 million, as compared to revenue of $49.8 million in corresponding period last year…
Searcher Seismic has started a 3D reprocessing project, offshore Papua New Guinea in the southwest Pacific Ocean. The project comprises reprocessing existing open-file 3D datasets with a modern broadband de-ghosting and pre-stack depth migration sequence…
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