Centrica and Stadtwerke München have agreed to combine Centrica’s European oil and gas exploration and production business with Bayerngas Norge. The new joint venture company will be owned 69% by Centrica and 31% by Bayerngas Norge’s existing shareholders…
The number of upstream projects reaching final investment decision (FID) in 2017 could double to 25 compared to only 12 last year, according to a report by Wood Mackenzie. In the first half of the year, the industry has already seen 15 project sanctions…
Norway’s Petroleum Safety Authority (PSA) has granted Statoil consent to use the Sigyn subsea facilities. Image from Statoil. The Sigyn field is in production license 072. The field contains gas…
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…
Statoil and its partners have decided to develop the Snefrid Nord gas discovery near the Aasta Hansteen field in the Norwegian Sea. The discovery, scheduled to come on stream in late 2019, will be tied back to the Aasta Hansteen development…
Some 75.9 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida are to be offered for oil and gas exploration and development, US Secretary of the Interior Ryan Zinke announced. Image from BOEM…
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 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…
First gas has been delivered on schedule from the Cayley field, the third and final new discovery to be brought on stream during the major redevelopment of the Montrose Area in the Central North Sea under operator Repsol Sinopec Resources UK…
The topside and jacket for the Oseberg Vestflanken 2 unmanned wellhead platform set sail on 25 and 26 June respectively from Heerema Fabrication Group’s (HFG) Heerema Zwijndrecht yard in the Netherlands. The platform and jacket will be…
Keppel Offshore & Marine Ltd subsidiary, Keppel Shipyard has won four contracts worth a total of $61.5 million (S$85 million) for the conversion, repair and modification of vessels. The first contract is from Dixstone Holdings Ltd, for…
Elaine Maslin examines the market for wave and tidal, and reports on industry efforts to drive down costs and eventually scale up. A Tocardo device, supported on a Damen-built “UFS,” at Hatston Pier…
First oil from the US$2.5 billion Kraken floating heavy oil development in the UK North Sea has been announced. The Kraken development, about 125km east of the Shetland Islands, off Scotland, is due to comprise a total 25 wells (14…
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…
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