Spain's Repsol has cleared a hurdle to drill the Stordal prospect in the Norwegian Sea using Transocean's semisubmersible drilling rig Transocean Spitsbergen. The Petroleum Safety Authority has given the firm permission to drill the Stordal well 6705/7-1 in 1410m water depth…
Audrey Leon chats with Schlumberger, Baker Hughes and Weatherford to learn about the latest technologies available for artificial lift. Dedicated Schlumberger surveillance engineers monitor alarms to prevent or mitigate adverse events…
Equatorial Guinea's Ministry of Mines and Hydrocarbons has extended the closing date of its 2016 Licensing Round, due to a 'wave of new exploration interest' thanks to a more positive outlook in the industry. The round, offering 'all…
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…
Spain's Repsol has been given the green light to drill a well on the Napoleon North license in the Norwegian Sea using the Transocean Spitsbergen Drilling rig. The Norwegian Petroleum Directorate says well 6705/7-1, targeting the Stordal prospect…
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…
Polarcus has signed a heads of agreement with Russia's SCF GEO AS (Sovcomflot) to charter a vessel on bareboat terms with delivery scheduled for March 2017, a deal that comes with an option for Sovcomflot to buy the vessel. Image of the Polarcus Nadia…
Anadarko has its eyes set on Colombia, announcing further drilling plans in the Purple Angel block, and opportunities it has identified through the Esmeralda 3D seismic survey in the area. Map of Gorgon…
Apache’s FNT development may appear a bit “vanilla” on the surface, but a fit-for purpose and fast-to-first-oil ethos under the Apache Projects Group Mission Command management system meant the difference between production and stranded reserves…
Newly formed subsea firm M² Subsea has opened its new office in Aberdeen and created 30 jobs. The business, which secured private equity investment towards the end of 2016, has moved people and equipment into premises in Arnhall Business Park at Westhill in Aberdeenshire…
Kerogen Capital plans to commit up to US$300 million to back Pandion Energy, as the company pursues exploration, appraisal and development opportunities on the Norwegian Continental Shelf (NCS) through acquisitions, farm ins and licensing rounds…
Norwegian outfit Borr Drilling has taken delivery of the Frigg (formerly Hercules Resilience) and the Ran (formerly Hercules Triumph) jackup drilling rigs from Hercules Offshore. The two rigs, bought for US$130 million late last year…
Supermajor Shell has agreed to sell a package of UK North Sea assets to Chrysaor for a total of up to US$3.8 billon. The packaged deal consists of Shell's interest in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, the Greater Armada cluster…
Chevron posted total earnings of US$415 million for Q4 2016, however, posted a loss for full-year 2016 that the US supermajor says were due to the low oil prices. Image from Chevron. Chevron’s Q4 2016 earnings reflected a gain…
Vaalco Energy reported strong Q4 and full year 2016 production results. Image from Vaalco. Production for Q4 2016 averaged approximately boe/d, above the previously provided guidance range of 3300-3600 boe/d…
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