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…
Maersk Oil reached an agreement with the government of Denmark that will see a full redevelopment plan for the Tyra project in the Danish North Sea. Tyra East. Image from Maersk Oil. The…
French supermajor Total has started production from its Moho Nord deepwater development, 75km offshore Congo. The project, with 100,000 b/d capacity, is the biggest oil development to date in Congo and one of 10 developments Total is due to start-up in the next 17 months globally…
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…
Tidal power firm Atlantis' first AR1500 tidal stream turbine deployed at its MeyGen project site in the Pentland Firth, Scotland, has successfully exported power to the grid and has operated at full power. The AR1500 system was developed…
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…
SapuraKencana Petroleum Berhad’s (SKPB) has signed several awards through its wholly-owned subsidiaries with a combined value of approximately US$97.4 million (RM 433.6 million). SapuraKencana TL Offshore Sdn. Bhd. (SKTLO) has been awarded…
The US Department of the Interior (DOI) announced its first lease sale under the Trump Administration’s new Outer Continental Shelf Oil and Gas Leasing Program for 2017-2022 (Five Year Program), offering 73 million acres in the Gulf of Mexico (GoM) this summer…
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…
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…
Wood Group is starting the next phase of a collaborative industry effort, the Subsea Equipment Australian Reliability Joint Industry Project (SEAR JIP), to develop a better understanding of the reliability of subsea equipment for use in offshore Australia…
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…
A multi-skilled team of north east-England based subsea engineering experts has made it to the semifinals of Shell's US$7 million Ocean Discovery XPrize. XPrize is an international competition which aims to create the next generation tools…
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