Denmark's DONG Energy will take over an offshore New Jersey wind lease previously held by RES Americas Developments that had been awarded to RES in an auction held by the US Bureau of Ocean Energy Management (BOEM) in November 2015. The New Jersey lease encompasses 160…
Total may have taken an 18% hit in its net income compared to 2014, but the French company said it was “the best performance among the majors.” Image of Total CEO Patrick Pouyanne. From Total Twitter…
HAWXEYE, developed by Xodus engineers as an alternative to spreadsheets, is a cloud-based web app geared to screen assets for vibration, erosion and corrosion related issues. Complex data from monitors and piping and instrumentation…
DONG Energy has signed and completed an agreement to divest 50% of the 258 MW UK offshore wind farm project, Burbo Bank Extension, to Danish pension provider PKA and KIRKBI, parent company of the LEGO Group. Each investor will obtain a 25% ownership interest in the project…
Offshore trade unions have teamed up to form a co-ordinated 'fightback' against cuts and changes effecting workers in the UK's oil industry. The newly formed Offshore Co-ordinating Group (OCG) has representatives from Units, the RMT, the British Airline Pilots’ Association (BALPA) the GMB…
China’s CNOOC commenced production at the Kenli 10-4 oilfield, offshore China. The Kenli 10-4 oilfield is located in the South of Bohai at about 15m water depth. In addition to fully utilizing the existing facilities of Kenli 10-1 oilfield…
Many companies often try to replicate successful prior projects and one such company that has managed to do so is Houston-based independent Anadarko Petroleum. The Lucius spar. Anadarko Petroleum kept the Heidelberg design 87% identical to Lucius’…
Aberdeen headquartered engineering consultancy Project Development International (PDi), today announced it is under new ownership following an acquisition by Tattva International Holdings. Tattva International Holdings, based in Singapore…
A series of talks aimed at young oil and gas industry professionals in Aberdeen launches with a look at risk management and collaboration early next month. The SPE Aberdeen Simplified Series is run by the Society of Petroleum Engineer's Young Progessionals section in Aberdeen…
Anadarko Petroleum achieved first oil at Heidelberg in the deepwater Gulf of Mexico last week. Map of Heidelberg. Courtesy of Anadarko. Heidelberg is located in Green Canyon 859…
Louisiana-based LLOG Exploration’s Delta House floating production system (FPS) achieved its nameplate oil capacity of 80,000 b/d in the Gulf of Mexico during the last days of 2015. Image of Delta House…
Bad weather has delayed first oil from Premier Oil's Solan project, in the West of Shetland area, until January, the firm announced on 23 December. Premier Oil stated in its operations announcement that further progress has been made…
Marred by corruption and market turmoil, Petrobras, the operator of key pre-salt projects for Brazil’s oil production over the next five years, is one of many Brazilian oil and gas companies facing a difficult financial future in the short term…
Noble Energy revealed a 15,000 boe/d increase in its Q4 2015 sales volumes for both offshore and onshore fields to an estimated 405,000-415,000 boe/d. Map of Noble's Gulf of Mexico assets. Image from Noble…
Shipping and offshore specialist law firm Wikborg Rein says current low oil prices could mean there are bargains to be had for investors in the offshore sector who follow recommended procedures for assessing and acquiring distressed companies…
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