Houston-based Vaalco Energy’s Avouma project is back online offshore Gabon, West Africa, following issues with its electric submersible pump (ESP) that date back to late June. Map from Vaalco. According to Vaalco…
Independent explorer Cairn Energy is looking to restart drilling offshore Senegal 'shortly' with some 500 MMbbl extra resources in its sights, the firm said this morning. The latest drilling program off Senegal, will include appraisal of the 'world-class' SNE discovery…
Ithaca Energy is eyeing November as its start-up date for first hydrocarbons at the Stella field, as the company reduced its net debt to US$606 million in 1H 2016. The FPF-1 departing Remontowa yard…
Noble Energy has been named the successor operator of the Thunder Hawk production facility, according to the company’s Q2 2016 report. Scant on details, Noble did confirm that the deal is expected to become effective within Q3 2016, subject to regulatory approval…
Assets and activities of inspection, examination and engineering services firm IMES have been bought out of administration by Seanamic Group. Administrators from KPMG were appointed to IMES on 10 August. The company, which had a turnover of around £5 million…
Cost reduction measures continue at Fugro, as the company plans to further reduce its workforce and fleet in the remainder of 2016. Image from Fugro. During 1H 2016, Fugro cut its headcount by 585…
Teekay Offshore is to take a hit of US$43.7 million after cancelling construction contracts for two flotels, described by Teekay as units for maintenance and safety (UMS). The firm also says it suffered a drop in income due to its Arendal…
UK supermajor BP has completed construction work of Clair Ridge, west of Shetlands Islands, bringing its US$6 billion investment closer to production. Clair Ridge. Image from BP United Kingdom Twitter…
In this video, Anadarko talks about its Heidelberg project, in the Green Canyon area of the Gulf of Mexico. Heidelberg, which came onstream four months ahead of schedule in January 2016, is an 80,000 b/d floating production facility…
Oil firms have shown a strong 'survival' reflex, achieving cash flow neutrality at US$50/bbl, but it's at the cost of investment and will damage growth, according to analysis by Wood Mackenzie. The firm says 56 companies covered in its…
UK independent Zennor Petroleum has drilled a successful appraisal well on the Finlaggan gas condensate accumulation in the UK North Sea. Finlaggan is in license P2013, in Block 21/5c, awarded in the 27th licensing round to Zennor. The Finlaggan discovery was made by ConocoPhillips in 2005…
UTEC Survey has completed a significant ROV navigation and seismic node positioning project in deepwater Gulf of Mexico. The project, for seismic nodal technology firm FairfieldNodal, was undertaken in 2425m water depth. It involved…
Searcher Seismic, with project partner BGP, has completed the acquisition of two new multi-client seismic surveys offshore Norway and offshore Western Australia. Map of Silver-Eye 3D, Bilby 2D…
Houston-based independent Vaalco has shut-in its South Tchibala 2-H well, offshore Gabon, after the electrical submersible pumps (ESPs) failed late last month. Image from Vaalco. The well…
Tullow Oil's TEN floating production project offshore Ghana is on schedule for first oil within the next three to six weeks, the firm announced this morning. Tullow says the project, which is also within budget, is over 96% complete…
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