Production began from two “high-rate” wells at Murphy Oil’s Dalmatian development in the US Gulf of Mexico. The US-based company announced that the project came online during its 2Q 2014 earnings report. Murphy Oil said the results were “better than planned…
FAR Ltd. reported that the Cairn-operated FAN-1 exploration well resumed drilling on the North Fan prospect in 1500m water depth, offshore Senegal on 28 July. Drilling to date has reached 3000m with a planned TD of approximately 5300m using Transocean’s fifth-generation semisubmersible…
Business is good in the oilfield, and as increased production and steady commodity prices contribute an influx of cash, operators are reinvesting in themselves, expanding their share buyback programs. Management usually says that…
Cheniere Energy Partners L.P. reported its 2Q 2014 results today, with updates on the progress of liquefied natural gas (LNG) facilities on the US Gulf coast. The company reported a US$226.2 million loss for the 3 months ending 30 June 2014…
Singapore-based COSCO Corporation is looking for a buyer for ATP Oil & Gas (UK)’s Octabuoy facility. COSCO’s Nantong yard ceased work on the project, a semisubmersible dry-tree production platform, which had been due to be used on ATP’s UK North Sea Cheviot field development…
The UK Maritime and Coastguard Agency (MCA) issued a notice yesterday containing updated requirements for emergency response cooperation plans and requirements for emergency response and search-and-rescue (SAR) helicopter operations relating to offshore renewable energy installations (OREIs)…
DONG Energy, Denmark's largest energy company, has awarded three contracts to civil engineering group WSP for design work on the onshore substations for three offshore wind farms. WSP says detailed design on the projects is now underway…
Total E&P UK’s HPHT Elgin Franklin complex. Image from Total E&P UK. High-pressure, high-temperature developments are on the increase in the UK North Sea…
The UK Government has launched a consultation into a proposed tax allowance to encourage investment in ultra-high-pressure, high-temperature (uHPHT) oil and gas fields in the UK North Sea. The allowance could reduce the tax on a portion of a company's profits from 62% to 30%…
UK-based independent explorer EnQuest has taken over a 70% stake in the Didon concession offshore Tunisia from Sweden's PA Resources for US$23 million. A deal to take over a stake in the Zarat permit, agreed at the same time as the deal on Didon…
Norway-based AGR Holdings (AGR) is to be taken over by private equity firm Silverfleet Capital in a deal worth NOK 1,640 million (€195 million). The deal is expected to be completed on or around end of August 2014. AGR Holdings is the petroleum services division of Oslo-listed AGR Group…
Wood Group has boosted its Norwegian offshore engineering capability by buying Agility Projects from Agility Group for about US$164 million. Agility Projects is a Norwegian engineering, procurement, construction management, installation and commissioning company…
Malaysia's Sumatec Resources Bhd plans to buy Kazakhstan's Borneo Energy Oil and Gas Ltd. for US$250million (RM800million) in cash and shares. Sumatec announced on 11 July 2014 that it had signed a framework agreement with Abu Talib Abdul Rahman and Dr…
London-based independent Tullow Oil agreed to acquire up to 40% interest in the Cooper block, block 2012A, in the Walvis basin offshore Namibia, Eco (Atlantic) Oil & Gas announced on 17 July 2014. The terms of the farm-in includes Eco…
Houston-based EFC Group appointed Anand Puthran as its managing director, a newly created role for the company. Puthran joins EFC Group with more than 15 years of experience working in the oil and gas industry in managerial positions…
Subscribe
