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…
Husky Energy has firmed up plans for its West White Rose Project offshore Newfoundland and Labrador with first oil set for 2022, while announcing a new discovery at Northwest White Rose. The SeaRose FPSO…
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…
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…
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…
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…
Melissa Sustaita provides an overview of activities slated for this year’s Offshore Technology Conference. An overview of OTC 2016’s exhibition hall. Photo from Offshore Technology Conference (OTC)…
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…
RockRose Energy has agreed a deal to acquire Egerton Energy Venture's share capital, in a move which will see it take over the firm's non-operated interests in the Galahad (27.8%) and Mordred (8.33%) gas fields in the southern North Sea. RockRose…
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…
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