Cairn Energy did not get the results the company was hoping for after drilling deeper at the Vega-Regulus (VR-1) well offshore Senegal, following its winning streak in the area. The Stena DrillMAX…
Vantage Drilling has been awarded a nine-month extension for the Aquamarine Driller jackup that is operating in the Malaysia/Thailand joint development area. The jackup has been under contract with Carigali-PTTEP Operating Co. (CPOC)…
Apache Corp. awarded Servelec Controls a contract to modify the fire and gas safety systems on the Beryl Alpha platform in the North Sea to enable the safe expansion of its current processing capability. Beryl Alpha…
PT Medco Energi Internasional has gained a 35% participating interest in the South Natuna Sea Block B in Indonesia, following a deal to buy Inpex's Indonesian subsidiary Inpex Natuna Ltd. The agreement is between Japan's Inpex and PT Medco…
Even though the downturn has changed many operator’s initial plans, subsea tiebacks have emerged as the economical way to develop many Gulf of Mexico fields. Karen Boman reports. The North Ocean 105 lay vessel…
Petróleo Brasileiro (Petrobras) has canceled its deal with Karoon Gas Australia for a stake sale in the Baúna and Tartaruga Verde oil fields offshore Brazil, however the Brazilian giant will continue its efforts to sell off its interest in the two fields…
Melissa Sustaita provides an overview of activities slated for this year’s Offshore Technology Conference. An overview of OTC 2016’s exhibition hall. Photo from Offshore Technology Conference (OTC)…
Shell CEO Ben van Beurden is to speak at the opening plenary session at SPE Offshore Europe 2017, which is being held in Aberdeen from 5-8 September 2017. van Beurden will address several hundred oil and gas industry professionals in…
RockRose Energy has agreed a deal to acquire Egerton Energy Venture's share capital, in a move which will see it take over the firm's non-operated interests in the Galahad (27.8%) and Mordred (8.33%) gas fields in the southern North Sea. RockRose…
First production from Maersk Oil's Flyndre field, which straddles the UK and Norwegian North Sea boundaries, started yesterday (26 March). The field is a 25km single well subsea tieback to the Repsol Sinopec-operated Clyde platform, from which it is then exported via the Fulmar platform…
A Norwegian newcomer with ties to Seadrill, Borr Drilling, is set to acquire Transocean’s entire jackup fleet, including newbuilds, in a US$1.35 billion deal. The Constellation II jackup. Image from Transocean…
Chevron has discovered oil at an appraisal well at its Anchor prospect in the deepwater Gulf of Mexico, according to partner Cobalt International. Map of Anchor, from Chevron. The…
In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance. This has been further exacerbated by sustained low oil prices, as operators defer the sanctioning…
Industry doyen Sir Ian Wood has kicked-off a new campaign ahead of SPE Offshore Europe 2017 to encourage previous and future visitors, exhibitors and speakers to share their experiences of the event and what they are looking forward to seeing at September’s conference and exhibition…
Cairn Energy was awarded license option (LO) 16/18 in the Atlantic Ireland Licensing Round in 1H 2016, in addition to a farm-in to a 70% working interest and operatorship in the adjacent LO 16/19 with Europa Oil & Gas with plans for 3D seismic in 2017…
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