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…
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…
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…
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…
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…
Apache has brought its Callater North Sea subsea tieback on stream ahead of schedule. Discovered in 2015, Callater, a six-well slot bundle tieback to the Beryl Alpha facility. It was among three fields, including Seagull and Corona…
Drilling contractor Seadrill reported today (24 August) that it would likely file for Chapter 11 bankruptcy on or before 12 September to implement its comprehensive restructuring plan. Source: Seadrill The…
BP has started production from five of its seven major projects for the year, as the supermajor confirmed that the Juniper project offshore Trinidad, and Woodside Energy’s Persephone offshore Australia are both online. Juniper…
SBM Offshore revealed that it has inked a deal for its Fast4Ward standardization program, signing a contract in June for the first newbuild hull with China Shipbuilding Trading Co. (CSTC) and the Shanghai Waigaoqiao Shipbuilding (SWS) shipyard…
First gas has been exported from Cygnus Bravo, a satellite to Engie E&P UK's Cygnus field development in the UK southern North Sea. Cygnus Bravo is a wellhead platform 7km from Cygnus Alpha, to which first gas was exported on 1 August…
Energy XXI reported mixed results for its current development drilling plans in the West Delta area of the Gulf of Mexico, and has cancelled plans to spud any additional wells in 2017. Source: Energy XXI…
Hague and London Oil (HALO) agreed to acquire assets in the Dutch North Sea from Tullow Netherlands. Map of Tullow Netherlands assets, from Tullow. The acquisition comprises of…
A new entrant to the North Sea decommissioning market has been launched, with backing from a group of well known industry leaders and goals to attract US$263 million (£200 million) in investment and create 400 new jobs. Well-Safe Solutions wants to offer a cost-effective…
Faroe Petroleum has agreed to acquire a further 13.9935% interest in the producing Blane field in the UK North Sea from JX Nippon Exploration and Production for US$5.25 million. The field is a subsea tie-back to the Ula platform (Faroe 20%)…
Cox Oil Offshore has purchased a majority stake in the Gulf of Mexico (GoM) Outer Continental Shelf from Freeport-McMoRan Oil & Gas (FM O&G), a subsidiary of Freeport-McMoRan. The deal includes FCX’s interests in the Flatrock and Hurricane areas of the OCS-310 Tiger Shoal lease…
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