RockRose Energy has signed deal to acquire Idemitsu Petroleum from Japan's Idemitsu Kosan. The Idemitsu UK's assets comprise a substantial number of producing fields in the North Sea, which include: 30.8% stakes in Repsol's Ross and Blake fields…
While the trend in spending for oil and gas companies since the crash in oil prices has been a steep decline, production has remained relatively stable since 2015. This might lead to the conclusion that companies have found ways to remain just as productive in the new price environment…
Borr Drilling has signed an agreement to acquire nine jackup rigs from Sembcorp Marine subsidiary PPL Shipyard, taking its fleet to 26 jackups, once all rigs under construction have been delivered. The acquired rigs have been built or are under construction at PPL's yard in Singapore…
4Subsea has been awarded a Shell-funded contract to support COPPE, the center for engineering research and education at the Federal University of Rio de Janeiro (UFRJ). The project is funded by Shell Brazil and is a partnership with UFRJ-COPPE EMBRAPII…
ONGC has officially entered offshore Namibia, following the completion of its 30% stake deal of Namibia Petroleum Exploration License 0037 from Tullow. ONGC subsidiary ONGC Videsh completed the acquisition of 30% participating interest…
Subsea 7 has signed a contract with Royal IHC to design and build a new, high-specification reel lay vessel capable of installing complex rigid flowlines including pipe-in-pipe systems. IHC says that, based on the ratio between top pipe tension and payload to displacement…
Advisory firm Glass Lewis has recommended that Ensco plc shareholders vote “FOR” the US$839 million proposed all-stock transaction with Atwood Oceanics at the company’s upcoming general meeting of shareholders on 5 October 2017. “…we…
Deepwater Gulf of Mexico focused LLOG Exploration has set out plans for developing six projects, following successful exploration work in 2016-17, with nine deepwater wells due to be brought online by the end of 2018. One well is already producing…
ROV services firm M² Subsea has unveiled its recently commissioned purpose-built test tank at the company’s base in Westhill, Aberdeenshire, UK. The indoor fresh water tank, which can hold 73,600 liters of water, has been created for testing ROVs and ancillary equipment…
Power has been restored to BP’s Thunder Horse production platform in the US Gulf of Mexico. Thunder Horse. Image from BP. The company has started redeploying offshore personnel to Thunder Horse…
CEFC China Energy is set to buy a 14.16% stake of state-owned Russian oil firm Rosneft in a US$9.1 billion deal with the consortium of Glencore and the Qatar Investment Authority (QIA). Image from Rosneft…
Karoon Gas says it still intends to move forward with the proposed divestment deal with Petrobras for the Bauna and Tartaruga assets, and the development of Echidna. Map of Santos basin, from Karoon…
Borr Drilling accepted a letter of intent from BW Energy Dussafu (BWE), a subsidiary of BW Offshore, for a drilling campaign offshore Gabon. Borr’s premium, high-specification jackup Norve will be utilized to drill and complete two subsea development wells…
The one biggest challenge facing the industry – apart from trying to make it profitable – is attracting new young talent, says the former CEO of North Sea independent Premier Oil. Nigel Wilson, who left Premier Oil in 2015, and is now…
DNV GL has launched a new recommended practise (RP) focusing on cyber security as the increasing digitalization of the industry poses the threat of it becoming more vulnerable, at SPE Offshore Europe. DNV GL says almost 68% of oil and…
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