Norway's Siem Offshore says it's in negotiations with a potential buyer for its Siem Offshore Contractors cable lay business as it prepares for 'an extended downturn in the offshore supply market.' The firm is trying two separate moves to improve its finances…
German cable firm NKT is testing power cables for a wave power project in Norway. For the project in Norway, NKT has developed a dynamic 1 kV cable as well as a semi-dynamic 24 kV export cable for power export. The cables are currently…
McDermott International has received a fifth contract award under an existing agreement from Saudi Aramco for work on the Safaniya field onshore and offshore Saudi Arabia. Under the engineering, procurement, construction and installation (EPCI) contract…
Noble Energy has chosen Gate Energy to provide facility commissioning for the Leviathan platform offshore Israel. The scope includes topside commissioning planning, onshore commissioning execution and offshore commissioning services of the production platform…
Ophir Energy has been given a 12-month extension on its Block R license, home to the Fortuna FLNG, offshore Equatorial Guinea, giving it more time to secure project funding ahead of making a final investment decision. Fortuna looks set to be Africa’s first deepwater FLNG project…
New tax measures aimed at making it more attractive for North Sea oil and gas assets to change hands have been welcomed by industry. In his Budget statement made in the UK Parliament yesterday (22 November), the Chancellor of the Exchequer Philip Hammond…
Wintershall and its partners have been given the green light to start production next month from the Maria field in the Norwegian Sea. Maria development. Source: Wintershall. The development…
Shell took another step towards completing its three-year, US$30 billion divestment program by selling shares in Woodside Petroleum to equity investors. Shell subsidiary, Shell Energy Holdings Australia, initially said today (13 November)…
Hess has shut in production at its Baldpate, Conger and Penn State fields in the deepwater Gulf of Mexico in response to the fire that occurred last week at the Shell-operated Enchilada platform. The Llano field…
Shell said today (10 November) that industrial firefighters were able to safely land on the Enchilada platform in the US Gulf of Mexico and perform a preliminary inspection; however, there is no timeline to resume normal operations. 'Though the structure is visibly sound…
The trophy for this year's Offshore Achievement Awards in Aberdeen has been picked, with less than a month to go now until entries close for the Society of Petroleum Engineers' organized event, supported by OE (Offshore Engineer). Each year the organizers of the awards…
UK-based oil and gas exploration minnow i3 Energy says drilling is expected to start on its North Sea Liberator development in 1H 2018. The firm says 2P reserves on the field have been increased from an estimate of 11.7 MMboe, re-classified from 2C resources of 9…
Two people were injured after a fire broke out on supermajor Shell's Enchilada platform in the US Gulf of Mexico early Wednesday morning, according to a joint report by the US Coast Guard (USCG) and the Bureau of Safety and Environmental Enforcement (BSEE)…
French geoscience firm CGG has been awarded a contract by Côte d’Ivoire’s Direction Générale des Hydrocarbures (DGH) and PETROCI, the national oil company, to acquire with its local partner, Harvex Geosolutions, a multi-client program of gravity…
Mexico's National Hydrocarbons Commission (CNH) announced today that 25 companies have askes to sign up for the next deepwater round, Round 2.4, to be held on 31 January 2018. The companies that have signed up include those that have participated in previous rounds such as BHP…
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