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…
JX Nippon Oil & Gas Exploration (Malaysia) started gas production from the Layang Field, offshore Malaysia, with an estimated 12,000 boe/d. Map from JX Nippon. Layang is about 7km east of the producing Helang Gas Field in Block SK10…
Italian giant Eni has gotten a jump-start at its deepwater Jangkrik Development Project offshore Indonesia, starting gas production ahead of schedule. The Jangkrik FPU. Image from Eni Twitter. Jangkrik consists of two gas fields…
The Australian government’s annual Offshore Petroleum Exploration Acreage Release has been announced with 21 areas on offer. The areas are across eight sedimentary basins in Commonwealth waters offshore of Northern Australia, Western Australia…
Neptune Energy signed a firm US$5.1 billion (€4.7 billion) offer with Engie for its 70% stake of Exploration & Production International (EPI). Image from Engie. The binding offer includes nearly $1…
BP has achieved first gas from two fields - Taurus and Libra - in the West Nile Delta (WND), offshore Egypt, eight months ahead of schedule. Image of West Nile Delta, from BP. “The…
Xvision Software has developed FieldAP, a 100% cloud-based technology for the energy industry providing offshore project managers with an online tool for visual field development, digital planning and cost containment. According to Xvision…
Aker Solutions has completed the acquisition of oil-services provider Reinertsen, building on its position as a leading maintenance and modifications supplier offshore Norway. The agreement to buy Reinertsen's Norwegian oil and gas services business…
Even though the downturn has changed many operator’s initial plans, subsea tiebacks have emerged as the economical way to develop many Gulf of Mexico fields. Karen Boman reports. The North Ocean 105 lay vessel…
Montreal-based engineering and construction firm SNC-Lavalin has expressed interest in acquiring UK-based engineering firm Atkins Global for cash consideration of £2.08 billion (US$2.6 billion). Neil Bruce…
A Norwegian newcomer with ties to Seadrill, Borr Drilling, is set to acquire Transocean’s entire jackup fleet, including newbuilds, in a US$1.35 billion deal. The Constellation II jackup. Image from Transocean…
In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance. This has been further exacerbated by sustained low oil prices, as operators defer the sanctioning…
BP’s five-year plan has revealed the next wave of its competitive projects with potential new final investment decisions (FID), a list of several offshore projects set to come online this year, and eight projects that are currently under construction set for start-up in 2018-2021…
Ocean Rig has reached a US$25 million settlement agreement with Premier Oil and Noble Energy over disputed invoices for the Eirik Raude semisubmersible. Image of the Eirik Raude, from Ocean Rig…
Anadarko had to shut-in production at two of its operated facilities last week, following a fatal fire at the onshore Phillips 66 Partners Paradis Pipeline Station west of New Orleans, Louisiana. Image of Heidelberg…
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