Noble Energy has been named the successor operator of the Thunder Hawk production facility, according to the company’s Q2 2016 report. Scant on details, Noble did confirm that the deal is expected to become effective within Q3 2016, subject to regulatory approval…
Vaalco Energy entered into a deal with Sojitz Etame to acquire an additional 3.23% stake in the Etame Marin Permit, offshore of the Republic of Gabon, West Africa. Gabon operations. Image from Vaalco…
UK supermajor BP has completed construction work of Clair Ridge, west of Shetlands Islands, bringing its US$6 billion investment closer to production. Clair Ridge. Image from BP United Kingdom Twitter…
UK-based independent Ithaca Energy has expanded its holdings in the Greater Stella Area (GSA) through four agreements, which increases its stake in the Vorlich discovery and gives it an operated interest in the Austen discovery. Through agreements with ENGIE E&P…
Teekay Offshore is to take a hit of US$43.7 million after cancelling construction contracts for two flotels, described by Teekay as units for maintenance and safety (UMS). The firm also says it suffered a drop in income due to its Arendal…
A 48-hour strike has started in the UK North Sea by offshore workers working for Wood Group on Shell platforms. The strike, on the Alpha, Bravo, Charlie, Nelson, Gannet, Shearwater and Curlew platforms, follows a 24-hour walk out by workers from the Unite and RMT unions on Tuesday 26 July…
Infographic from McKinsey Solutions. These projections are taken from Energy Insights’ Global Gas Outlook to 2030. For your free Executive Summary of the findings included in the report visit www…
Gulf of Mexico-focused Deepwater oil exploration and production company Venari Resources has acquired an additional 7% stake in the Shenandoah field on Walker Ridge Blocks 51, 52 and 53. The company has also reported successful results from the Shenandoah #5 appraisal well…
The industry will emerge from its current crisis, but the next chapter in the oil and gas industry may look very different. Hannon Westwood’s Andrew Vinall gives his view. Northwest Europe 2016 exploration…
Wired drill pipe has been a long time coming. As operators look at cost savings across the full life cycle, the benefits are now being recognized, says NOV’s Leon Hennessy. Drill floor operations…
The big surprise over the last few weeks was of course the UK referendum decision to exit the European Union (EU). At first sight, it looks like a vote for independence over economics. While the first part of that is certainly true, the economic aspect should be measured in years…
A hydrocarbon leak Thursday morning (28 July) aboard the Alvheim FPSO prompted a production halt at the field, according to operator Det norske. The leak occurred in the FPSO's pump room, triggering an alarm, and stopping production.…
Nearly 400 members of Unite and RMT unions working for Wood Group across eight Shell oil and gas platforms in the North Sea have gone on strike today. The strike is the first in 28 years and is over a dispute over 30% pay cuts and changes to allowances…
Independent explorer Tullow Oil has returned to a profit and is looking forward to first production on its TEN project offshore Ghana next month, on schedule, and focusing its exploration efforts on South America. TEN, a floating production…
Noble Energy started production at Gunflint in the deepwater Gulf of Mexico, the Houston-based explorer announced today (21 July). Map of Gunflint, from Noble Energy. The Gunflint oil development…
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