Petróleo Brasileiro (Petrobras) is in negotiations with Karoon Gas Australia to sell its stake in the Baúna and Tartaruga Verde fields, offshore Brazil. The proposed deal will see the sale of 100% stake in the Baúna field, in the shallow waters of post-salt Santos Basin…
Freeport-McMoRan (FCX) plans to merge its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G) with the parent company, after its proposed US$2 billion asset sale to Anadarko Petroleum failed to gain support from the company's lenders…
The Bureau of Ocean Energy Management (BOEM) will offer approximately 47 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Central Planning Area (CPA)…
Development costs to first oil for the Sea Lion project off the Falklands have been reduced to US$1.5 billion with more savings possible, according to partner Rockhopper exploration. The UK-based independent also says the 2C, or proved plus probable reserves…
PGS and TGS-NOPEC Geophysical Co. (TGS) have jointly agreed principal terms and conditions for purchase of a majority of the multiclient library of Dolphin UK. PGS and TGS will make this purchase on a 50/50 basis. This purchase represents a limited initial cash outlay for PGS…
SBM Offshore has released a video of the Turritella floating production and storage offloading (FPSO) unit, as the vessel started commercial production at Shell’s Stones development in the deepwater Gulf of Mexico on 6 September. At Stones…
Gazprom received the first construction permit for the TurkStream pipeline's offshore section from the authorities of the Turkish Republic as part of the preparatory procedures for resuming the TurkStream project. The permit was received through diplomatic channels…
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…
Teledyne Bowtech has updated their L3C-HD and L3C_HDX underwater cameras. The updated L3C-HD camera now features full HD 1080p up to 60fps adding to the HD-SDI outputs available (720p 50, 720p 60, 1080i 50, 1080i 60 and 1080p 50). The…
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…
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…
Shell is divesting 100% of its Brutus and Glider assets in the Gulf of Mexico in a US$425 million cash deal with Houston-based and privately held EnVen Energy Corp. Brutus, during dockside integration…
Transocean's Transocean Winner semisubmersible drilling rig, which ran aground on a Scottish Island more than two weeks ago, is now under tow to safer waters. The rig was refloated from Dalmore Bay, on west coast of the Isle of Lewis…
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…
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