Talos Energy has completed its Tornado II exploration well and side track in the Phoenix field of the Green Canyon area of the Gulf of Mexico in about 2700ft water depth. The Tornado II drilling program, using the Ensco 8503 drilling rig…
Aker BP has agreed to buy Hess Norge, which includes major stakes in the Valhall and Hod fields, from Hess for US$2 billion as the US oil firm continues an offshore asset sale. Yesterday, Kosmos Energy said it had agreed to acquire Hess' 85% stake in two long-producing oil fields…
Byron Energy has completed the installation of a 500ft, 4in oil and 7000ftm 6in gas pipelines on the South Marsh Island 71 (SM 71) oil and gas development in the central US Gulf of Mexico, says partner Otto Energy. Each pipeline…
Seanamic Group has bought Aberdeen based flexible pipelines and umbilicals integrity management firm Flexlife. Seanamic was founded in 2014, and has since added Caley Ocean Systems, Umbilicals International, and most recently IMES Group…
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…
Subsea 7 will become the sole owner of the Normand Oceanic, a flex-lay and heavy construction vessel that is being managed by Solstad Farstad while under long-term contract to a third party. The company will take ownership of the vessel…
TechnipFMC has agreed to acquire Plexus Holding's Wellhead exploration equipment and services business for jackup applications - the Jack-up Business - for up to US$56 million (£42.5 million). Plexus will initially receive $19.7 million…
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…
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…
i3 Energy has submitted its field development plan and environmental statement (ES) for the development of the Liberator field in the UK North Sea. i3 plans to tie the field into the Blake field host infrastructure, then through the…
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…
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…
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…
DONG Energy completed the divestment of its upstream oil and gas business, DONG E&P to Ineos, creating Ineos DeNoS. Image from Ineos. Ineos DeNoS will form part of Ineos Oil & Gas…
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…
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