Ireland’s Lansdowne Oil & Gas has failed to farm out of two licenses off the south coast of Ireland, due to industry conditions that will prevent drilling at the prospects. “Due to adverse industry conditions, attempts to farm-out SEL 5/07…
Increased production from Chevron's high-pressure, high-temperature Erskine field has helped boost profits and reserves for UK independent Serica Energy. The firm acquired an 17% stake in the field, at a time when it was expected to produce 2100 boe/d net to Serica at $30/bbl operating costs…
Deepwater subsea tiebacks conjure up all manner of technical innovation requirements, and/or the need for complex subsea processing technologies. Yet, it’s not always so. Elaine Maslin explores the particulars of Total’s Laggan Tormore development…
DOF Subsea has been awarded more than US$61.6 million (NOK 500 million) in IMR and subsea installation contracts in several regions, including key work on Eni's OCTP project offshore Ghana. DOF was awarded an FPSO mooring installation…
Atlantic Petroleum entered into heads of terms with London Oil and Gas (LOG) to inject about US$11.4 million of funds and assets into Atlantic by 24 June 2016. “Atlantic Petroleum's Orlando & Kells assets are expected to have a high value when the market conditions improve…
Talisman's new Montrose bridge linked platform (BLP) topsides has sailed out from the Heerema Fabrication Group's Zwijndrecht yard, 12mi south of Rotterdam. The 10,500-tonne, 75m-long, 40m-high, topsides will make a short stop off at Schiedam…
Bristow Helicopters gave the passengers on its last scheduled flight to and from CNR International's Murchison platform in the North Sea a special fly-past viewing to mark the occasion. These pictures, by Bristow pilot Captain Jonathan Binnie…
The wellhead jacket and the access deck have set sail from the Netherlands and are headed for Maersk Oil’s ultra high pressure, high temperature Culzean development in the UK North Sea. Heerema Fabrication Group (HFG) announced the completion of both projects…
The Petroleum Safety Authority Norway has given Statoil consent to use the Stena Don mobile drilling facility for drilling and completion of wells 35/11-B-22 and B-13 in the Fram field in the North Sea. Fram is an oil field in the northern North Sea around 20km north of Troll…
Supermajor Chevron has cut 655 upstream jobs from its Houston workforce, adding to the list of oil and gas companies that have been hit by the low oil prices. John Watson, from Chevron. “In light of the current market environment…
Geoscience firm Spectrum has started a 10,400km multi client 2D survey offshore Brazil in the Amazonas and Para Maranhao basins, along the Equatorial Margin of Brazil. The new acquisition program will tie five of Spectrum's Northern Margin programs…
The Republic of Cyprus announced its third Licensing Round for offshore exploration consisting of three blocks. The areas up for grabs include Blocks 6, 8 and 10, lolcated in the Mediterranean Sea. The application deadline is 22 July…
Oil company cuts could be going too far, leading to another period of high cost inflation as the oil price returns and capacity is found to be lacking, a Norwegian industry analyst has warned. Speaking ahead of the Subsea Valley conference…
The Obama Administration has decided to rescind a proposal to drill off the US Atlantic Coast in 13 areas, due to current market dynamics, strong local opposition, and conflicts with competing commercial and military ocean uses, the US Department of the Interior (DOI) said today (15 March)…
Atlantic Petroleum has agreed to sell its Norwegian activities to M Vest Energy - a company partly owned by Atlantic's existing management. The Norwegian activities include all of Atlantic's assets and licenses, the liabilities of the licenses…
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