OMV's Norway VP said the Wisting discovery in the Norwegian Barents Sea could contain more than 1 billion boe in place. Image of Eni's Goliat FPSO in the Barents Sea. David Latin stated the figure at an energy conference…
Eni is a step closer to moving ahead with its 16 Tcf deepwater Coral discovery development offshore Mozambique following investment approval from its board of directors. Eni's board has approved the first phase of development, called the Coral South project…
Accommodation provider Prosafe has been hit with an order from the Norwegian Petroleum Safety Authority (PSA) after failing to remedy non-compliances found during an inspection. The PSA carried out an inspection on the Safe Scandinavia in September this year…
Perpetuus Tidal Energy Centre (PTEC) has announced major partnerships with global tidal turbine manufacturers, Schottel Hydro and Tocardo Tidal Turbines. PTEC is a 30 MW tidal tidal energy generation project being created off the Isle of Wight…
ExxonMobil is fast-tracking its Stabroek Block project where its giant Liza discovery lies, as the supermajor officially gave notice of the area’s commercial oil find to Guyana’s government yesterday (16 November), according the country’s Government Ministry of National Resources…
Electromagnetic Geoservices (EMGS) has entered into a firm contract with an oil company in Malaysia, confirming the provisional agreement announced oN 1 November 2016. The contract extension is worth approximately US$8 million and relates to a 3D EM data acquisition offshore Sabah…
Noble Energy's long-term plans has cut 60 jobs from its workforce, with 55 of them in Houston, and lays out plans for its offshore assets in the Eastern Mediterranean. Tamar operations, image from Delek…
Black Sea Oil & Gas (BSOG) has awarded Xodus Group a front-end engineering and design (FEED) contract for the development of the Ana and Doina discoveries in the Black Sea. Xodus will work on the offshore and onshore facilities for the development of the Midia Gas Development Project…
Malaysia’s Petronas has achieved first gas from its first floating liquefied natural gas (FLNG) facility, PFLNG SATU earlier this week (14 November) from the Kanowit gas field, offshore Sarawak. Image of the PFLNG SATU…
Sembcorp Marine subsidiary SMOP has awarded Dutch firm Framesa contract for the supply of two seawater electrochlorination systems, one wellhead control panel complete with a hydraulic power unit, and three hydraulic power units for topside and subsea valves…
The UK's Oil and Gas Authority (OGA) is holding a so-called 'hackathon' to identify new technology and practices which can reduce the cost of well construction on the UK Continental Shelf (UKCS). Jointly driven by the Technology Leadership Board Workgroup…
Premier Oil says it has further reduced costs on the Catcher floating production development in the North sea, to a forecast total US$1.7 billion. The drop, a 24% reduction on the original sanctioned estimate, comes after costs had been reduced 20% to $1…
GE and Maersk Drilling have entered into a partnership to collaborate on a data analytic-driven pilot project with the aim to increase Maersk’s drilling vessels’ productivity and significantly reduce maintenance costs by up to 20%. The…
South Korea's Hyundai Heavy Industries (HHI) is following through with part of its improvement plan that will see the company split into four. Image from HHI. Under the company’s plan…
Austal Ltd. has delivered its second high speed crew transfer vessel this year, to Swire Pacific Offshore (SPO). The 57.6m, all-aluminium catamaran was designed by Incat Crowther and constructed by Austal’s shipyard in the Philippines. It…
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