Spain’s Repsol is flying the coop on the Sandia exploration well off the Canary Islands after the find proved to be very thin, with non-exploitable layers. The Rowan Renaissance. From Rowan. Sandia is located in the Atlantic Ocean…
Italy's Edison is to acquire Apache Beryl I's assets in license P185 Block 15/22 in the UK Central North Sea, including non-operated stakes in the Scott (10.5%) and Telford (15.7%) fields. This deal, which is subject to customary closing conditions…
High costs and weaker oil prices could drive cost cuts, which, while leading to a short-term drop in activity, would strengthen Norway's petroleum industry over the long-term, according to the Norwegian Petroleum Directorate (NPD). The…
Norway's Ministry of Petroleum has welcomed interest in its latest Awards in Pre-defined Areas licensing round, despite the expection that future discoveries in the area will be smaller than in the past. Stakes in some 54 new production…
Seismic acquisition began on the new Polarcus Capreolus 3D multi-client project over the Phoenix area in the Rosebuck basin, offshore Western Australia. The area contains the recent Apache-operated Phoenix South-1 oil discovery…
Huawei Marine, a global submarine network provider, today announced the successful completion of sea trials for its second-generation Repeater, RPT 1660 R2, and Branching Unit, BU 1650 R2. Both second-generation products were recently…
Edinburgh-based exploration firm Cairn Energy has set its sights firmly on Senegalese exploration for 2015, following its oil strikes in the basin in 2014. The firm says it is preparing a 2015, operated, multi well evaluation program offshore Senegal…
The world's oil and gas exploration companies are expected to cut capital expenditures 17% this year as a deep slump in crude oil prices takes a toll on budgets, according to a survey by Cowen and Company, released Wednesday. The survey…
Nigeria-based Seplat Petroleum Development confirmed Afren’s “highly preliminary approach” regarding a possible merger of the two companies made on 22 December. Image from Afren. In a statement released by Seplat…
Workers at the Hibernia gravity-based offshore oil platform, represented by Canadian union Unifor, have voted to accept a new collective agreement with their employer. The new agreement includes improvements in wages, benefits and working conditions including for temporary employees…
In a year during which the oil price remained stable at circa US$100 per barrel until the last quarter when a significant collapse in commodity price began, activity levels in both the UK and Norwegian sectors have continued to show a distinct divergence…
Forum Energy Technologies subsidiary Sub-Atlantic has secured three international contracts with a combined value of over £3.5 million for the manufacture of three specialist remotely operated vehicles (ROVs). The firm will provide IKM Subsea in Norway…
Five companies have been awarded licenses covering 10 exploration blocks in the Adriatic Sea in Croatia's first licensing round. The round had offered 29 blocks in the eastern Adriatic Sea covering a total of 36,822sq km. Bids were received from six companies for 15 exploration areas…
The weather conditions west of Shetland are some of the harshest in the world, even without the help of hurricanes, typhoons and squalls. Elaine Maslin reports on how some companies are attempting to better understand the region. The…
As the offshore industry grows in complexity – in terms of projects and geographies – software is playing an increasing role in engineering, both to aid engineering and collaboration, as projects increase in complexity and diversity. Meg…
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