Cost cutting could help push more final investments decisions through this year, giving industry sight of some much-needed work. Steve Hamlen reports. Wood Mackenzie’s Malcolm Dickson. Northeast…
BP is on track to start up its Juniper project off Trinidad in the coming weeks, and bring Eni’s Zohr online offshore Egypt by the end of 2017. The supermajor was hopeful in its Q2 2017 earnings call, announcing the possibly of having final…
Map of North Malay basin, from Hess. Hess Corp. is ready to start production at its North Malay basin project offshore Malaysia in Q3 2017. The North Malay Basin Block PM302 is…
The UK North Sea’s extensive pile of marginal fields offer an attractive prize, if they can be economically unlocked. Steve Hamlen reports. UK marginal pools visualized. Image from the Oil & Gas Technology Centre…
Tullow Oil has revealed its plans for the rest of the year to drill offshore Suriname, and resuming at the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana. Image from Tullow Oil. In the company’s half year 2017 report…
BP Ventures, Schlumberger Ventures and GE Ventures have agreed a US$6.5 million (£5 million) investment into metal-to-metal downhole sealing solutions firm BiSN. Under the terms of the investment, BiSN and BP Ventures will work together to develop a commercial portfolio of technology…
The UK's Oil and Gas Authority (OGA) has launched the 30th Offshore Licensing Round, with 813 blocks or part blocks on offer in mature areas of the UK Continental Shelf (UKCS), covering a total 114,426sq km. Image from iStock…
Shell is buying the deepest floating production unit in the world, the Turritella floating production storage and offloading (FPSO) unit in a US$1 billion cash deal that will allow the supermajor to assume operatorship of the entire Stones development in the deepwater Gulf of Mexico…
Map of Anchor, from Chevron. Houston’s Cobalt International Energy has entered into a definitive agreement with its co-owners in the Anchor development to unitize and include Cobalt’s…
Royal Dutch Shell encountered hydrocarbons in the initial Whale exploration well in the deepwater Gulf of Mexico. Noble Globetrotter I. Image from Huisman. The well was safety…
Eni has increased its estimate of resources in place at the Amoca field offshore Mexico to 1 billion boe, following a successful appraisal well that is prompting the Italian giant to accelerate its development plan. Map from Eni…
India's ONGC Videsh has signed definitive binding agreements with Tullow Oil to acquire a 30% stake in a license offshore Namibia, marking its entry into the Namibian offshore. Namibia Petroleum Exploration License 0037 covers Blocks 2112A…
Cantium has taken over US supermajor Chevron’s Bay Marchand and Main Pass assets in the Gulf of Mexico. The takeover includes five fields located on the Gulf of Mexico’s Outer Continental Shelf (OCS) and in Louisiana state waters…
North Energy has decided to divest the last of its Norwegian Continental Shelf (NCS) assets in order to recover from offshore tax losses amid low activity levels in the area, and the drop in oil prices. Map of PL 805…
Fugro has been awarded a further two-year contract by Petrobras to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil. The new award follows Fugro’s successful completion of an initial 12-month contract for the oil major…
Subscribe
