UK independent EnQuest's proposed deal with Delek Group over the sale of a stake in the Kraken development in the UK North Sea has fallen through. EnQuest said the two parties had been unable to reach an agreement and discussions have been terminated…
Australian energy giant Woodside will acquire half of BHP Billiton’s Scarborough gas assets in the Carnarvon Basin, offshore Western Australia. Woodside will pay US$250 million on completion of the transaction and a contingent payment…
Maersk Oil UK has awarded fellow company Maersk Supply Service to provide decommissioning services for the Janice field in the North Sea. Janice A FPU. Images from Maersk Oil. Maersk Supply Service (MSS) will provide engineering…
INEOS UK E&P Holdings has secured a five-year US$294,000 million (£220 million) reserve-based lending facility, which it plans to use to acquire future projects. The facility, the firm's first reserves based lending facility, was secured…
UK independent Nobel Upstream has completed a deal to buy a 7.59% stake in the UK North Sea Maclure oil and gas field from Shell. Maclure was discovered in 1991 and put into production in 2002. Production in 2016 has averaged 8200 boe/d…
Anadarko Petroleum will purchase the Gulf of Mexico (GoM) assets of Phoenix, Arizona-based minerals company Freeport-McMoRan (FCX) for US$2 billion cash consideration, the Houston-based independent said on 12 September. Anadarko’s…
Production at Chevron’s Erskine restarted late last month in the central North Sea, following the completion of maintenance work at Shell’s Lomond platform. Erskine. Image from Chevron. Erskine…
Applying digital technology to the Culzean HPHT development could provide efficiency savings of at least US$10 million per annum and introduce the iPad and tablet as standard offshore equipment. Maersk Oil’s Troels Albrechtsen explains. The…
A new subsea company has officially launched with the announcement of its first UK contract. ROV and inspection company Rovco, based in Bristol, has secured a contract with a UK Marine Trust. The company, which says it has 10 ROVs…
Houston-based Vaalco Energy’s Avouma project is back online offshore Gabon, West Africa, following issues with its electric submersible pump (ESP) that date back to late June. Map from Vaalco. According to Vaalco…
Time and greater understanding makes most people and companies look at projects and assets differently and it’s no different for oilfields. Elaine Maslin reports from Devex. The Britannia BLP…
Only three companies participated in the US Bureau of Ocean Energy Management’s (BOEM) first ever online lease sale. Out of the 4399 blocks offered, the sale only received bids for 24 of those blocks for a total of just over US$18 million…
Production at Chevron’s Erskine project in the Central North Sea has hit a new snag, after Shell said that further work is needed on the recommissioning of the Lomond platform, according to partner Serica Energy. Erskine…
Tullow Oil has achieved first oil from the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana with MODEC’s Prof. John Evans Atta Mills floating production and storage offloading (FPSO) vessel. Prof…
UK-based driller Awilco Drilling has swung back to a profit in Q2, but is set to cold-stack its WilHunter semisubmersible due to lack of work opportunities for it in the short-term. The WilHunter will join a fleet of seven cold-stacked…
Subscribe
