Dallas-based Kosmos Energy posted a net loss of US$59.8 million in Q3, however, is moving forward with its plans for a multi-well drilling program next year. Image of the Atwood Achiever, from Atwood…
As the industry heads into the third year of the downturn, market fundamentals for the deepwater segment continue to fight strong headwinds, Rystad Energy says. But, is 2018 the light at the end of the tunnel for the floating rig market? Utilization…
Chevron started production at the high-pressure, high-temperature (HPHT) gas condensate Alder field in the Central North Sea that will help extend the field life of Britannia. Image of the installation of the Alder subsea isolation valve…
Quadrant Energy has spudded the Phoenix South-2 well within the WA-435-P exploration permit in the North West Shelf of Australia. Joint venture partner Carnarvon Petroleum said the well has been drilled down to approximately 1500m depth…
Lamprell delivered the Ensco 141 jackup drilling rig to Ensco Intercontinental GmbH. The contract for the Ensco 141 rig was signed in April 2014 and is the second rig with the LeTourneau Super 116E (Enhanced) Class design Lamprell has delivered to the Ensco subsidiary…
SeaBird Exploration will use the Osprey Explorer for an upcoming ocean bottom seismic survey in Gulf of Guinea. The project is anticipated to start in late Q4 2016 and will have a duration of approximately two to three months.
Farstad Shipping and a company in the Siem Industries group have entered into a non-binding letter of intent for the financial restructuring of Farstad Shipping, with Siem or a fund managed by Siem as a key equity investor. In accordance with the letter of intent…
VNG Norge and its partners in PL586 will develop the Pil & Bue discoveries using a subsea installation tied back to the Njord A platform in the Norwegian Sea. Map of Pil & Bue, from VNG Norge. In…
The Oil and Gas Climate Initiative (OGCI) is making an investment of US$1 billion over the next 10 years to develop and accelerate the commercial deployment of innovative low emissions technologies. OGCI Climate Investments (OGCI CI)…
Statoil has appointed Jannicke Nilsson as its new executive vice president and chief operating officer (COO), taking over for current COO Anders Opedal, who will lead the development of Statoil’s growing and increasingly important operations in Brazil as new country manager…
Trelleborg is set to develop the next generation of buckling mitigation buoyancy technology with an award from Chevron to Trelleborg’s offshore operation to develop the patented technology, which includes the design and qualification of this new buoyancy product…
Subsea 7 has awarded Van Oord two contract for the construction of a landfall and the execution of subsea rock installation works for BP’s West Nile Delta project, offshore Egypt. West Nile Delta comprises the development of a series of gas fields…
Statoil has awarded contracts to the FMC Technologies and Technip joint venture Forsys Subsea, and to Aker Solutions for its Trestakk field development that is scheduled for start-up in 2019, offshore Norway. Illustration of the Trestakk field…
Maersk Supply Service has launched a new Integrated Solutions business that will support the company’s ambition to become a leading integrator of marine services and solutions for the energy sector. With vessel operations remaining the core business…
The Petroleum Safety Authority (PSA) has granted Statoil consent to drill an exploration well in block 6608/10 with an option for a sidetrack. Statoil is the operator of development license 128. The exploration well will be drilled in a prospect named Cape Vulture…
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