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…
Byron Energy has signed a drilling contract with Ensco Offshore for the Ensco 68 jackup rig to drill at the company’s South Marsh Island Block 71 drilling and completion program in the Gulf of Mexico. Ensco 68 jackup…
The UK Department of International Trade (DIT) is urging UK companies to invest in Azerbaijan’s oil and gas sector, citing the opportunities available in the “Motherland of Oil.' “People who think they know about Baku and Azerbaijan should take another look…
Baker Hughes, a GE company (BHGE) has won a major subsea contract from Petrobel for phase two of the supergiant Zohr gas field in the Mediterranean Sea, offshore Egypt. BHGE will provide project management, engineering procurement, fabrication…
DONG Energy will build its Hornsea Project Two wind farm at the lowest-ever price for offshore wind in the UK, cutting its original price by half, in what the company is calling a 'breakthough moment.' Map of Hornsea 2…
Global subsea equipment specialists Ashtead Technology has named Brett Lestrange as UK regional director. Brett Lestrange Source: Ashtead Lestrange, who has more than 25 years’ experience in the subsea industry…
Total E&P has extended the charter of the Safe Caledonia semisubmersible accommodation vessel at the Elgin-Franklin Facility in the UK sector of the North Sea. The 30-day option extends on site operations through until late October 2017…
The Energy Industries Council (EIC) has launched its newest business development tool, EICAssetMap, at Offshore Europe 2017. According to the EIC, EICAssetMap is the only O&M database to map all major UK energy assets across all sectors…
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…
Norway is still a key country for Total, its CEO Arnaud Breuillac has said after confirming the sale of company's remaining 15% stake in the Gina Krog field to Kuwait Foreign Petroleum Exploration Company (KUFPEC). Total had in 2016 agreed a deal with KUFPEC…
In a sustained low oil price environment, operators are facing increased pressure to reduce costs and minimise risk when making a final investment decision (FID) on a project, resulting in many capital intensive offshore developments being shelved…
Deep Gulf Energy III (DGE III) has encountered hydrocarbon pay at the Rampart Deep well in the deepwater Gulf of Mexico, according to partner Stone Energy. Deepwater Asgard. Image from Transocean…
Subsea boosting technology recently brought online at Chevron’s Jack and St. Malo fields is expected to boost production rates for the next 30 years. Chevron’s Chris Hey and Dan Broussard, and OneSubsea’s Mads Hjelmeland and Oeyvind Reimers explain…
Kuwait Foreign Petroleum Exploration Company (KUFPEC) has agreed to acquire an additional 15% interest in the Gina Krog field from Total E&P Norge for US$317 million. The deal, via KUFPEC Norge, will see the firm gain about 34 MMboe in…
Total has started-up production from the Edradour and Glenlivet gas and condensate fields west of Shetland. ahead of schedule and 30% under budget. The fields, in about 300-435m water depth, have been developed with a 35km, three-well tieback to the Laggan-Tormore production infrastructure…
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