Yinson Holdings has signed a heads of agreement with a consortium of Japanese companies to divest 26% stake of Yinson’s wholly-owned subsidiary, Yinson Production (West Africa). The deal, worth between US$104-$117 million, is with the JV comprised of Sumitomo Corp…
Maersk Oil’s Culzean jackets have set sail for their final destination in the UK North Sea, following the completion of construction by Heerema Fabrication Group (HFG). Image from Heerema. According to HFG…
The U.S. Department of Interior (DOI) is taking its first step in fulfilling the Trump administration’s pledge to expand Outer Continental Shelf (OCS) oil and gas leasing opportunities by submitting a request for information (RFI) to create a new 2017-2022 offshore lease plan…
The Bureau of Ocean Energy Management (BOEM) completed its required evaluation to ensure the public receives fair market value for tracts leased in Central Gulf of Mexico Oil and Gas Lease Sale 247, held on March 22 of this year. The…
In just two days’ time, work putting together one of the biggest and heaviest jigsaw puzzles you could imagine is due to start offshore Shetland in the UK North Sea. Mariner topsides. Images from OE Staff…
North Atlantic Drilling Ltd. Has been awarded a drilling contract with Siccar Point Energy E&P Limited for the Seadrill Ltd., semisubmersible West Hercules to drill and test the Cambo discovery offshore the UK West of Shetland. Drilling is scheduled to begin 1 April 2018…
Simple tweaks to oilfield practice could provide the offshore industry with a more sustainable, money-saving solution to health and safety, environmental and commercial threats posed by harmful bacteria in subsea oil deposits, according to…
Seadrill and North Atlantic Drilling Ltd. (NADL) have agreed to further extend a framework deal with Rosneft for the use of rigs until 31 May 2019. The companies first agreed on the deal on 22 August 2014. In November 2014 the long…
The Irish government has extended phase 1 of Frontier Exploration Licences (FEL) 2/13 and 3/13 by two years to 4 July 2019, operator Europa Oil & Gas announced on 19 June. The Irish government has also approved an application to convert…
UK regulator Oil & Gas Authority (OGA) today (22 June) unveiled a new strategy to make tight gas drilling in the southern North Sea (SNS) more economically feasible. OGA developed the strategy to encourage greater use of technology and collaboration to unlock remaining reserves…
Engie E&P has found the cause of a gas leak that shut down production at the Gjøa field offshore Norway on Wednesday (21 June). Gjøa. Image from Engie. Engie identified the direct…
Tullow Oil is planning a 2550sq km 3D seismic survey on the Orinduik Block offshore Guyana, close to ExxonMobil's giant Liza discovery with plans to drill on the block as early as next year. According to partner Eco Atlantic Oil & Gas…
Eni has lined up a series of agreements with the Astana government that will see the Italian giant have the rights to explore the Isatay block in the Caspian Sea. Descalzi. Image from Eni. Eni…
Image of the Skandi Singapore, from DOF. DOF Subsea has been awarded contracts for three vessels that will operate in the Asia Pacific and Atlantic regions. In the Asia Pacific…
Gulf of Mexico oil and gas operators have evacuated workers and secured offshore facilities to prepare for the impact of Tropical Storm Cindy. Source: Accuweather As a result of these precautionary measures…
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