Sweden's Lundin has made a ca. 25-60 MMboe oil and gas discovery on the Loppa High, 20km east of the Johan Castberg discovery in the Norwegian Barents Sea. The well, 7220/6-2 R, was drilled on the Neiden prospect in production license 609…
Noble Corp. has appointed Adam C. Peakes, 43, as the company’s new senior vice president and chief financial officer, effective 23 January 2017. The announcement comes nine months after previous CFO James A. MacLennan resigned in late-February…
Maersk Drilling and National Oilwell Varco (NOV) have entered into a five-year partnership to improve maintenance predictability for drilling equipment. The shared vision behind the partnership is to implement a new maintenance mind-set which…
Petrobras received nearly US$61 million ($204 million BRL) on Friday (18 November) in recovered funds stemming from the Lava Jato corruption scandal, with Petrobras President Pedro Parente expecting to win back a total of $1.6 billion ($5…
Norway-based ExproSoft has developed WellMaster Simulator, a cloud-based well life simulator for new and mature fields. The solution is designed to help oil and gas operators predict well interventions, downtime, and operating expenses (OPEX)…
Australia’s Karoon Gas is in the middle of an injunction order by the Brazilian court regarding its deal with Petróleo Brasileiro (Petrobras) for the acquisition of two offshore fields, in which Petrobras intends to appeal. Image from Karoon…
Total and Socar, the national oil company of Azerbaijan, signed an agreement establishing the contractual and commercial terms for a first phase of production of the Absheron gas and condensate field, located in the Caspian Sea. The development…
US offshore drilling contractor Rowan Companies and Saudi Aramco have signed a deal to create a new offshore rig outfit. The new organization will be a 50/50 joint venture (JV) which will own, operate, and manage offshore drilling rigs in Saudi Arabia…
Neptune Marine Services (Neptune) has opened a new office in Houston, Texas, operating under the name Neptune Subsea. The move will enable Neptune to provide the full suite of Neptune’s services to clients within the Gulf of Mexico and the Americas…
Flash Tekk Engineering has chosen the Saab Seaeye Panther XT Plus ROV as a key diving support vessel resource. Flash Tekk is a major diving equipment supplier for the international offshore industry worldwide and supplies diving systems…
UK independent EnQuest has brought its Scolty and Crathes development in the UK North Sea onstream. The firm also confirmed sailaway of the US$2.6 billion Kraken development floating production, storage and offloading vessel is due in coming days…
Drones can enhance the safety and efficiency of offshore oil and gas operations – but they require a strong, secure communications network to do so. Josh Parker of Rajant Corp. explains. Image…
After forming its own offshore-focused offshoot this January, Colombian state oil company Ecopetrol noted in its Q3 conference call that it intends to stabilize its production with a more 'aggressive' exploration drilling program slated for 2017…
The US Department of the Interior (DOI) and Bureau of Ocean Energy Management (BOEM) released the final plan for the Outer Continental Shelf (OCS) lease sales for 2017-2022, excluding areas in the Beaufort and Chukchi Seas in the US Arctic…
The Amberjack debottlenecking project in the deepwater Gulf of Mexico (GoM) has been completed, expanding its infrastructure and increasing Green Canyon Block platform (GC-19) off-take capacity by 60%. Amberjack illustration…
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