Norwegian Seismic acquisition and processing firm Electromagnetic Geoservices (EMGS) has increased its stake in exploration firm North Energy to nearly 10% as part of a loan deal. The NOK75 million convertible bond loan secured EMGS addtional shares in North Energy…
North Energy and Noreco Norway have agreed to swap interests in two offshore Norway production licences (PL). North Energy will acquire 15% of PL 484 in the Norwegian Sea and transfer a 10% holding in PL 616 in the North Sea to Noreco…
Houston-based Apache encountered oil pay at the Phoenix South-1 well, in Canning basin, off the North West Shelf of Australia. Apache says that preliminary estimates show that there might be as much as 300MMbbl in place. The Phoenix…
Heerema Marine Contractors chose 2H Offshore to engineer hybrid risers for Total’s Kaombo Block 32 project offshore Luanda, Angola in 1400-1900m water depth. 2H Offshore's scope of work includes performing part of the detailed engineering…
The Cygnus Alpha wellhead platform during installation offshore. Photo from GDF Suez E&P. A new impetus to explore the UK North Sea could help to unlock some of the basins’ underexplored plays…
Lundin Norway has agreed to acquire a 35% interest in production licenses 674 in the North Sea. The deal comprises acquiring 15% interest from Petrolia Norway and a 20% interest of a carve out area of PL674 from operator E.ON. Petrolia and E…
Petrobras announced drilling has started on the first exploration well on the Libra pre-salt area in the Santos basin offshore Brazil. Drilling on Libra, discovered in 2010, and estimated to contain 8-12 billion boe, comes as marine production…
ENI’s Goliat FPSO. Image from ENI Norge. Offshore lifting combines heavy offshore assets with detailed analysis and product care. Elaine Maslin found out more at the North Sea Offshore Crane and Lifting Conference…
Nigeria focused Oando Energy Resources Inc. (OER) has completed the acquisition of ConocoPhillips' Nigerian upstream oil and gas business for a total cash consideration of US$1.5 billion, after customary adjustments, plus a deferred consideration of $33 million…
Houston-based Apache Energy found gas and associated liquid hydrocarbons in the Phoenix South-1 well off Western Australia, in the Roebuck basin, before a drill bit failure on 29 July. Over the past two weeks, Apache drilled to a depth…
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…
FMC Technologies established a joint industry program focused on developing a new generation of standardized subsea production equipment and systems, the company has announced. The JIP, which includes Anadarko Petroleum, BP, ConocoPhillips…
Figure 1: The Cygnus field is the sixth largest gas field in the southern North Sea and the largest to be discovered in the last 25 years within the southern North Sea gas basin.Image from GDF Suez. A…
GDF Suez E&P UK has struck has on the UK southern North Sea (SNS) Cepheus 44/12a-6 exploration well. A gas column was found within the Permian Lower Leman sandstone, the primary reservoir target. The well was spudded on 9 March 2014 and drilled to 12…
OMV (Norge) has made an oil dioscvery on the 7324/7-2 Hanssen well, in production license 537, in the Barents Sea. The Hanssen discovery was made about 7km northwest of the 7324/8-1 Wisting Central oil discovery and about 315km north of Hammerfest…
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