Dallas-based Kosmos Energy posted a net loss of US$59.8 million in Q3, however, is moving forward with its plans for a multi-well drilling program next year. Image of the Atwood Achiever, from Atwood…
Noble Energy is expecting the final investment decision (FID) for its giant Leviathan development offshore Israel by year-end or early next year, the Houston-based explorer said in its Q3 2016 earnings call. The Noble Sam Croft…
Houston’s Vaalco Energy makes its exit from Angola discontinuing all operations, as the company picked up stake in Etame off Gabon in Q3 2016, narrowing its focus and reducing costs. Image of Gabon operations…
New Age is continuing the evaluation of development options, including scope for early-stage development plans for the Etinde concession, offshore Cameroon, according to partner Bowleven. Image of the Etinde area…
Chevron started production at the high-pressure, high-temperature (HPHT) gas condensate Alder field in the Central North Sea that will help extend the field life of Britannia. Image of the installation of the Alder subsea isolation valve…
Singapore's Sembcorp Marine has agreed to buy the remaining 30% stake in Sembmarine North Sea that it doesn't already own. The firm owns UK fabrication yard Sembmarine SLP, once SLP Engineering, and will allow the yard to expand its footprint in the UK…
A recently formed subsea services business has secured private equity investment in order to buy a fleet of 32 remotely operated vehicles. Aberdeen- and Houston-based M² Subsea was able to buy the fleet from the administrators of failed…
It took a long time for exploration to make its impact offshore East Africa. Now it has, will there be another wait for LNG projects to look profitable? Professor Alex Kemp reflects. Image from iStock…
EMAS Offshore announced net loss of US$265.3 million for the full year ended 31 August 2016 due to revenue decline in its offshore support vessel (OSV) unit. Net loss for the three months ended 31 August 2016 stood at $98.5 million.The group recorded revenue of $167…
SeaBird Exploration has reached an agreement for the sale and decommissioning of the vessel Hawk Explorer. The decommissioning of the vessel is a part of the company's efforts to reduce cost and adjust fleet capacity to better reflect current market demand…
Last year was a breakthrough year for subsea compression. Elaine Maslin surveys the projects that came online and discovers what became of Ormen Lange. Subsea compression at Ormen Lange. How it could have looked…
Norway’s government has agreed to a new round of funding into carbon capture and storage technologies. Elaine Maslin reports. Research and testing is set to continue at Technology Centre Mongstad…
ConocoPhillips reported a US$1 billion loss in Q3 2016, along with plans to reduce its capital expenditures. ConocoPhillips headquarters, from ConocoPhillips. Although the Q3 loss for ConocoPhillips was big…
The Lake Erie Energy Development Corp. (LEEDCo) in Cleveland, Ohio has appointed Offshore Design Engineering Ltd. (ODE), an engineering and operations support services contractor that is part of the DORIS Group located in the UK, as the engineering representative for Icebreaker Wind…
Aker Solutions entered into an agreement to buy 70% of Brazilian CSE Mecânica e Instrumentação Ltda, in which the deal comes with an option to purchase the remaining 30% of the company three years after the expected close of the transaction by the end of Q1 2017…
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