BW Offshore has completed a deal with Harvest Natural Resources for its stake in the Dussafu production sharing contract (PSC) offshore Gabon. BW Energy Gabon (BWEG) now holds a 66.67% working interest in the Dussafu PSC, while Panoro Energy holds the remaining 33…
Lebanon has extended the deadline for the results of the second pre-qualification round in the country’s first-ever offshore licensing round, to give companies more time to respond to requests from the Lebanese Petroleum Administration (LPA)…
Despite the low cycle that the market is facing, a total of 30 oil and gas projects are expected to start operations in the North Sea by 2020. The UK will lead with 19 projects, followed by Norway with 10 and Denmark with a single project…
North Atlantic Drilling (NADL) has secured 10-year contract awards for the West Elara and West Linus jackups with ConocoPhillips Skandinavia for work in the Greater Ekofisk Area. The total additional backlog for the new contract awards is estimated at US$1…
Serica Energy is targeting 2020 for first gas at its Columbus field in the Central North Sea, and reveals plans to begin drilling at the nearby Rowallan prospect next year. Map of Columbus, from Serica…
Recent rig count data suggests that there are no big moves over or under for offshore rig counts from February through end of March 2017. Baker Hughes released its latest US rig count numbers on Friday, 31 March, showing an increase of four units over week ago…
TGS has expanded its North-West African Atlantic Margin (NWAAM) multi-client library in the MSGBC Basin with plans to acquire more than 11,000km of long-offset broadband 2D seismic data together with magnetic and gravity data, in Senegal and Gambia…
Nigerian-based South Atlantic Petroleum (Sapetro) and Houston-based Hyperdynamics have agreed to a farmout, allowing Sapetro to pick up 50% participating interest in the production sharing contract covering the deepwater Fatala turbidite fan prospect…
The National Ocean Industries Association (NOIA) board of directors has elected David H. Welch as chairman and John Gellert as vice chairman for the upcoming 2017-2018 term. Welch, Stone Energy president and CEO, becomes the first producer to serve as chairman at NOIA…
Atlantic Petroleum has agreed to sell its 25% stake in the Orlando development to Decipher Energy. The project is a planned subsea tieback to the Ninian platform, operated by CNR International. Decipher Energy was set up in September…
Africa-focused Impact Oil and Gas farmed out 65% participating interest in a production sharing contract (PSC) and associated joint operating agreement in the AGC Profond block in the offshore joint development zone between Senegal and Guinea-Bissau to CNOOC UK…
Statoil has picked up the largest number of licenses in the Oil & Gas Authority's 29th Offshore Licensing Award focusing on frontier or underexplored acreage on the UK Continental Shelf. In total, 25 licenses have been offered, covering 111 blocks…
ExxonMobil has confirmed a new discovery offshore Guyana at the Snoek well, as the supermajor continues its efforts in the area by drilling the Liza-4 well. Image from Exxon. Exxon encountered more than 82ft (25m) of high-quality…
PGS has completed its fleet expansion with the naming of its latest newbuild, the Ramform Hyperion, at Mitsubishi Heavy Industries Shipbuilding yard in Nagasaki, Japan today (22 March). The first vessel of the Ramform Titan-class came in 2013 with the delivery of Ramform Titan…
Badger Explorer entered into a letter of intent (LOI) with the shareholders of Dwellop to acquire 100% of the outstanding shares of Dwellop for approximately US$22.4 million (NOK 190 million). In addition, certain shareholders of Badger…
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