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…
Murphy Oil announced a partnership with supermajor Chevron in the Gulf of Mexico in Q4 2016, in addition to suffering from a net loss of US$64 million during the period, and an even bigger loss for the year. Image from Murphy…
British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017…
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…
Costs have been cut in the industry, but has it been enough? Elaine Maslin looks at ongoing initiatives in the UK North Sea. Photo from iStock. The past two years of pain for the oil and gas industry is well known…
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…
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…
Oil & Gas UK has elected Greta Lydecker from Chevron Upstream Europe, and UK ConocoPhillips President Terri King, to its board of directors. Lydecker, managing director, Chevron Upstream Europe, and King, president, UK ConocoPhillips…
BP and EnQuest signed a US$85 million deal that will see EnQuest take over operatorship and 25% stake in the Magnus oil field in the North Sea, with a future option to take full ownership of the field. Image from EnQuest…
W&T Offshore has received approval for a capex of US$125 million that will set up the Houston-based company to drill six to eight wells in the Gulf of Mexico this year, with its priority going to its Mahogany field. Image from iStock…
China’s CNOOC has revealed its 2017 business strategy and development plan that includes a total of five new projects set to come onstream, and a capex that could reach US$10.2 billion (RMB 70 billion). Image from CNOOC…
French oil major Total has awarded Prosafe a contract for the use of the Safe Caledonia semisubmersible accommodation vessel at the Elgin-Franklin Facility in the UK sector of the North Sea. The contract is for 134 days, with an additional…
The Thunder Horse South Expansion project, in the deepwater Gulf of Mexico, has started up 11 months ahead of schedule, supermajor BP announced today (23 January). Illustration of the expansion at Thunder Horse…
Lundin is to take a non-cash impairment charge of US$632 million after deciding to take some 170 MMboe contingent resources in Malaysia and the Caspian Sea off its books. The Sweden-headquartered explorer said it was removing the resources…
Houston-based Vaalco Energy restarted production at the Avouma 2-H well on the Avouma platform, offshore Gabon, after utilizing a hydraulic workover unit to replace a failed electric submersible pump (ESP) system. Gabon drill floor operations…
Subscribe
