Eni has acquired from Shell a 32.5% interest in and operatorship of the Evans Shoal gas field offshore northern Australia. Evans Shoal is in Retention Lease NT/RL7, in the north Bonaparte Basin around 300km northwest of Darwin, where the Darwin liquefied natural gas (LNG) plant is operating…
Operator Aker BP has completed an acquisition of Hess Norge, which owns 10% stakes in the Norwegian North Sea Valhall and Hod fields, from Hess Corp for US$2 billion. At the same time, a deal by Aker BP to sell 10% interest in the…
Germany's Wintershall has started production from the Maria subsea tieback offshore Norway a year ahead of schedule and 20% under budget. The Maria field development cost about US$1.43 billion (NOK12 billion), $358.9 million below the original budget…
US offshore wind developer US Wind has awarded a contract to Oceaneering for high-resolution marine geophysical surveys in 2H 2018 for the Maryland Offshore Wind Project. The $2.5 billion Maryland project on the Maryland Outer Continental Shelf (OCS)…
UK-based remote operated vehicle operator ROVOP has increased its ROV fleet by 50% following aUS$74.93 (£56 million) funding boost. Blue Water Energy and BGF have jointly committed to the funding, which allowed ROVOP to buy an additional 24 ROVs…
When design-to-first-oil takes 10 years, keeping up with communication technology can be a challenge. Elaine Maslin details what BP has done for its latest North Sea projects (originally published in OE's December 2017 issue). With new technologies appearing all the time…
CATS Management, part of Antin Infrastructure Partners, is to buy Premier Oil's stake in the Esmond Transportation System (ETS) pipeline in the UK North Sea. The ETS pipeline was constructed in order to transport gas from Esmond…
Norway’s Petroleum Safety Authority (PSA) has granted Eni permission to restart production at its Goliat development after verifying the company has addressed electrical safety issues at the field. Goliat FPSO Source: Eni In October…
Tamar Petroleum is negotiating with Noble Energy to acquire a 7.5% participation right in the I/12 Tamar lease and the I/13 Dalit lease offshore Israel. The company seeks to gain the interest through cash and private placement of company shares to Noble…
Dutch group Royal Boskalis Westminster has added two large diving support vessels (DSVs) to its fleet. Through an agreement with the bondholders of the two former Harkand vessels, Boskalis has acquired the DSV Atlantis for about US$60…
CNOOC's Weizhou 12-2 phase II project started production, the company announced today (28 November). The Weizhou 12-2 phase II project is in Beibu Gulf in the South China Sea with an average water depth of approximately 35.7m. The project…
St. Louis-based technology firm Emerson Electric has withdrawn its recent offer for Rockwell Automation, citing the continued unwillingness of Rockwell’s board of directors to discuss merging the companies. Emerson Chairman and Chief Executive David N…
EnQuest says its Kraken field is on track to reach 50,000 bo/d gross in the first half of 2018 after achieving month on month production growth since coming on stream June this year. Armada Kraken FPSO Early this month…
Wintershall and its partners have been given the green light to start production next month from the Maria field in the Norwegian Sea. Maria development. Source: Wintershall. The development…
St. Louis-based technology firm Emerson Electric has once again offered to buy Milwaukee-based Rockwell Automation, this time proposing to acquire all of Rockwell’s outstanding shares in a deal valued at $29 billion. David N…
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