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)…
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…
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…
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…
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…
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…
The second jacket for the Shah Deniz Stage 2 platforms has set sail to the Caspian Sea offshore Azerbaijan, the BP-led Shah Deniz consortium announced today (16 March). Sailaway of the QU jacket…
Noble Energy has won approval to drill an additional well, Leviathan-7, at its giant Leviathan project offshore Israel, alongside the Leviathan-5 well, in a move that aims to streamline operations and reduce drilling costs, Noble's partner Delek Group announced today (14 March)…
Noble Energy cut first steel on its giant Leviathan natural gas project, offshore Israel. First steel cut for Leviathan. Image from Noble Energy LinkedIn. “We are excited to join…
Trelleborg has secured a contract for the supply of floatover equipment for a major offshore oilfield development project in the United Arab Emirates (UAE), the firm announced today (6 March). The contract spans the project’s second of three engineering…
Noble Energy has sanctioned the US$3.75 billion phase one of the giant Leviathan project, as partners in the Israeli gas field have approved the final investment decision. Leviathan sits in1600m water depth, 130km offshore Israel, and is estimated to contain 22 Tcf of natural gas…
US oil major Chevron has picked up a new exploration permit in a 'gas-rich' part of the Carnarvon Basin, offshore western Australia. Chevron paid US$2.3 million (A$3 million) for the cash bid permit WA-526-P, which will last six years…
India's government has awarded 31 contract areas as part of its Discovered Small Fields (DSF) bid round 2016, including eight offshore. A total of 134 bids were received for 34 contract areas. Of those, 22 companies (singly or in consortium) were shortlisted for 31 Contract Areas…
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