Only three companies participated in the US Bureau of Ocean Energy Management’s (BOEM) first ever online lease sale. Out of the 4399 blocks offered, the sale only received bids for 24 of those blocks for a total of just over US$18 million…
The Australian government is offering 28 exploration areas in its 2016 Offshore Petroleum Exploration Acreage Release. Map from Australia government. The acreage comprises 28…
Australia's BHP Billiton has made a gas discovery on the deepwater LeClerc play-opening well offshore Trinidad and Tobago. BHP had been drilling for oil. The LeClerc 1 ST01 well was drilled in Block 5, in 2500-8500ft water depth, 135mi…
Subsea UK is encouraging British firms to set their sights on international expansion to sustain long term growth. The industry body is urging companies to look beyond the North Sea and establish international links to generate new business…
Lundin Petroleum terminated a US$265 million deal with M3nergy Investment for the sale of the Bertam floating production and storage offloading (FPSO) vessel after the Malaysian company failed to secure the required financing. The deal…
Quest Offshore provides a look at subsea processing systems by type. Subsea Processing Project List (Onstream 2010+) Subsea Processing Application Region Operator Project Boosting Africa/Mediterranean…
TGS and Schlumberger have started the Dual Coil Shooting multivessel full-azimuth acquisition Revolution XII and XIII surveys in the US Gulf of Mexico. The surveys will cover about 7150sq km (306 blocks) in the Green Canyon, Atwater Valley…
The big surprise over the last few weeks was of course the UK referendum decision to exit the European Union (EU). At first sight, it looks like a vote for independence over economics. While the first part of that is certainly true, the economic aspect should be measured in years…
Cobalt International Energy is setting Angola as its number one priority, as the Houston-based company disclosed a multimillion-dollar loss in Q2 2016 due to a dry well in the Gulf of Mexico. The Rowan Reliance drillship…
Aberdeen firm EC-OG (East Coast Oil and Gas Engineering) has secured more than £1 million of external investment from Castle View Ventures and the Scottish Investment Bank, the investment arm of Scottish Enterprise. The investment follows the announcement of a £1…
International oilfield services company, Expro, has been awarded new contracts from India’s Oil and Natural Gas Corporation ONGC). Worth more than US$17 million over three years, the contracts will see Expro work on ONGC’s assets throughout western and eastern areas of India…
Van Oord, a dredging, marine engineering and offshore projects contractor, has reached agreement on the acquisition of the offshore wind activities of Bilfinger Marine & Offshore Systems, a German company active in the engineering, construction…
Offshore wind is a growing business in the Netherlands and it’s set to get even bigger, reports Elaine Maslin. A SIF monopile foundation installed offshore. Photo from SIF. This year…
Well intervention focused firm Helix Energy Solutions Group says it is expecting to see an improvement in activity in the second half of the year, after posting a US$10.7 million Q2 loss ($2.6 million loss in Q2 2015). The firm said its well intervention revenues increased 30% in Q2 of 2016…
Mexico’s Ministry of Energy (SENER) has approved auction terms for the first phase of Round 2, which will auction 15 shallow water areas in the Gulf of Mexico. The round is set to open in late March 2017. Image from CNH…
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