London-based junior explorer Sterling Energy is challenging the expiration of its first renewal period on the Ntem concession offshore Cameroon. The firm declared a force majeure on the 100% owned Ntem concession in May 2014, due to its…
BP and Total beat analysts’ predictions by reporting better than expected results this morning, despite consistently low oil prices. French oil major Total saw its fastest production growth in more than a decade and gains in its refining…
Oilfield services companies are putting a brave face on the continuing market downturn, despite some reporting shrinking order books. Subsea 7 and Fugro reported shrinking order books in their 1Q results this morning. Subsea 7’s…
The first well drilled using the new build jackup giant Maersk Interceptor (pictured) have reaped successful results for operator Det norske, the firm said this morning. The new unit, operating in the Norwegian sector of the North Sea…
In this video, Lundin Petroleum shows the loading of the 16,000-tonne of steel and equipment comprised of both the main deck module and the process module for the Edvard Grieg platform onto barges, that occurred in the last days of March 2015…
The Statoil-operated Gullfaks gas field in the Norwegian Sea will use Nexans' innovative power umbilicals combining power, fiber-optic and hydraulic lines in a single cross section. The cables were handed over to Statoil this month. The…
Zeta Energy is offering up US$22.5 million for an unconditional takeover offer for Pan Pacific Petroleum NL (PPP). Map from PPP. The offer equals to $0.04 (A$.05) per share and will be made as an on-market cash offer…
The 22,000-tonne topside for the new offshore platform for the Lundin Norway-operated Edvard Grieg field is ready for delivery, in line with the contract awarded three years ago. Image of the Edvard Grieg project…
Polarcus has secured further industry prefunding enabling the expansion of the Capreolus 3D multi-client project offshore Australia. The additional pre-funding will see the survey expand northwards with an additional 7130sq km to be covered…
Northern Offshore is delaying the delivery of two of its high specification jackups due to the downturn of the drilling market. The West Navigator. From NADL. Northern was able to…
Statoil hit big at its eighth discovery offshore Tanzania at the Mdalasini-1 exploration well, with an additional 1-1.8 Tcf of natural gas. Map of Block 2. From Statoil. Mdalasini…
OneSubsea delivered the world’s first subsea multiphase compressor to Statoil for the Gullfaks South field in the North Sea. The subsea multiphase compressor enables boosting of unprocessed wet gas production fluids, while eliminating…
GDF Suez E&P UK made a new discovery at the Dalziel structure in the UK Central North Sea. The Transocean Galaxy II jackup. From Transocean. Well 22/16-6 flowed at rates in excess of 8000…
The world’s first subsea wet gas compression system is ready to be installed on the seabed and tied back to the Gullfaks C platform, Norwegian oil firm Statoil has announced. The Gullfalks subsea wet gas compression system is being progressed…
Norway's Kvaerner has chosen Dubai-based Drydocks World to fabricate components for Statoil's Norwegian North Sea Johan Sverdrup riser platform jacket. Drydocks World will carry out the fabrication of pile clusters and floatation…
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