Marathon Oil is due to spud an exploration well on the Key Largo prospect, on Walker Ridge Block 578, Gulf of Mexico, in Q3. It will be the first well drilled with a new-build deepwater drillship. Marathon Oil is operator and holds a 60% working interest in the prospect…
UK independent Fastnet Oil and Gas agreed an amended exclusive option agreement with Petrobras subsidiary PSE Kinsale Energy in relation to the Deep Kinsale prospect, offshore Ireland. The Deep Kinsale prospect extends from 4000ft subsea…
First oil from EnQuest’s Alma/Galia development in the North Sea is now not expected until next year, the firm said today (August 13). First production from the field, due to be developed using the EnQuest Producer floating production…
Aker Solutions has awarded DNV GL a global frame agreement to pave the way for better technology collaboration, more efficient project execution and considerable cost savings. The frame agreement covers the following business segments: Subsea…
Singapore-based KrisEnergy entered an agreement to acquire Chevron Overseas Petroleum (Cambodia) Ltd. for US$65 million. Chevron's Cambodia unit holds a 30% participating interest in and operatorship of offshore asset, Cambodia block A. Block A…
BPZ Energy spud the CX15-7D development well in the Corvina field in Block Z-1, offshore Peru, on 29 July 2014, the company announced today. BPZ Energy plans to drill to 8500ft depth and expects operations to complete in October. BPZ…
Cable laud sling production at Hendrik Veder Group in Rotterdam. Photo from Hendrik Veder Group. Rotterdam-based Hendrik Veder Group moved into the fiber rope domain last year when it bought manufacturing firm G…
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…
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