Freeport-McMoRan Oil & Gas failed to intersect secondary objectives at the MZ-1 exploration well offshore Morocco after reaching a depth of 4653m within the Lower Cretaceous, according to partner Pura Vida Energy. Wireline logs have…
Mexico’s national oil company Petróleos Mexicanos (PEMEX) suffered a 62% loss in its net income in 2Q 2015 of nearly US$52 billion ($84.6 billion MXN), a significant difference when compared to last year’s net income loss of $32.1 billion ($52…
Dolphin Geophysical has commenced the East Campeche 2D long offset multi-client survey in Mexico, utilizing the M/V Artemis Arctic. The licensed approved 19,597 line-km survey is well positioned towards the recent Mexican announced five-year…
The 2010 Deepwater Horizon spill came back to haunt BP once again in 2Q 2015, as the company reported a massive loss of US$6.3 billion, largely due to the deadly Gulf of Mexico incident. Bob Dudley…
Norway’s Statoil beat profits forecasts thanks to an increase in production and better refining margins but it further reduced its planned capex as oil prices remain low. The firm, which saw net income fall to US$882 million (7.2 billion NOK) from 9…
Husky Energy says it still continues to assess potential development options for its West White Rose extension in the Jeanne d'Arc Basin. The firm started production from the nearby South White Rose project, a subsea satellite tieback to the White Rose project's SeaRose FPSO…
Major offshore upstream investment has dwindled to such a level that we may be able to count the number of projects that reached a final investment decision (FID) on just one hand, according to Wood Mackenzie Principal Analyst Angus Rodger…
PA Resources has submitted an updated plan of development for the Zarat field to Tunisian authorities. The updated plan, developed by PA and partner, state oil company, L’Entreprise Tunisienne d’Activités Pétrolières (ETAP) will see a two phase development…
Junior exploration firm Trapoil has agreed to acquire Jersey Oil and Gas E&P (JOG) for £495,000 and raise about £820,000 to cover its costs. In a reverse takeover style deal, Trapoil will be renamed Jersey Oil and Gas and JOG's founding…
Technip has been awarded an engineering, procurement, construction, installation and commissioning contract by PETRONAS Carigali for the tie-in of PETRONAS first floating liquefied natural gas (PFLNG1) facility to KAKG-A platform. The platform…
The first foundation was laid for the US’s first offshore wind farm, 3nm off the coast of Rhode Island, the company behind it, Deepwater Wind, announced on social media Sunday, 26 July. The Weeks 533 crane barge lowered a 400-ton steel…
Trinidad and Tobago-focused Trinity terminated its US$23 million agreement with Centrica to acquire the British company’s 80% interest in two offshore blocks. According to Trinity, it has been unable to extend the term of its agreement…
Borets, a provider for the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, has successfully conducted a North American field trial of its PMM-PCP system, the first permanent magnet motor (PMM) running…
Houston-based Excelerate Energy received authorization from the Federal Energy Regulatory Commission (FERC) for the Aguirre Offshore GasPort project offshore Puerto Rico.Image from Excelerate. After nearly four years of environmental reviews…
Image: manifolds leaving Rosythe/Babcock A major milestone has been reached in Babcock’s delivery of 73 subsea structures for BP’s Quad 204 offshore redevelopment project, 130km west of Shetland…
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