A new oil and gas exploration firm founded by former Tullow Oil board members has its sights set on Middle Eastern and African promise. T5 Oil & Gas Limited (T5) was set up to identify and acquire prospective oil and gas assets in Africa and the Middle East…
Maersk Drilling named their fourth ultra deepwater drillship this morning in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Maersk Voyager Image…
Maersk Drilling’s second drillship, Maersk Valiant, has started its voyage to the US Gulf of Mexico (GOM) today after being delivered from Samsung Heavy Industries' (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant (pictured) will…
OAA finalists announced By Elaine Maslin The 2014, 28th Offshore Achievement Awards are due to be presented in Aberdeen this month, with a crop of talented individuals and companies shortlisted. The awards, organized and hosted by the Society of Petroleum Engineers Aberdeen Section…
Subsea 7 today announced through its i-Tech division two awards by Petrobras for remote intervention services with a combined value in excess of US$90 million. The contract scope is for the provision of two remotely operated vehicles…
Maersk Drilling’s second and third ultra-deepwater drillships were named this morning in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Lisa Lance, wife of Ryan M. Lance, chairman and chief executive officer…
Iceland’s National Energy Authority, Orkustofnun, granted a license for the Dreki area to CNOOC Iceland ehf, Eykon Energy ehf, and Petoro Iceland AS in the third and final round for the region. CNOOC Iceland, subsidiary of CNOOC International ltd…
Fairmount Marine’s tug Fairmount Summit has delivered the semisubmersible rig Ocean Valiant safely in the port of Las Palmas, Canary Islands. Fairmount Summit towed the rig from offshore Cameroon over a distance of almost 3000 miles. The…
Ithaca Energy has agreed string of farm-out deals on a number of UK North Sea assets. Newly formed private-equity backed Oyster Petroleum is to take a 9% working interest in west of Shetland licences containing the Handcross prospect…
UK-based exploration firm Ithaca Energy has agreed farm-out deals with Edison International and Shell on North Sea blocks. Shell is to take a 50% stake from Ithaca in production license P2048, covering central North Sea blocks 29/24, 29/25…
The Norwegian Ministry of Petroleum awarded 24 licenses in the country’s 22nd licensing round. The offerings include 20 production licenses in the Barents Sea and four in the Norwegian Sea. The agency granted 29 companies shares—including ConocoPhillips…
Aberdeen-based independent Ithaca Energy moved to acquire fellow UK explorer Valiant Petroleum for US$309 million in early March. Ithaca says the movewould establish itself as a leading mid-size North Sea oil and gas operator with 2P reserves of approximately 74MMboe…
Independent E&P firm Ithaca Energy has said it has agreed a farm-out deal with Shell UK, reducing its exploration spending commitments in the UK North Sea by $45million. The deal relates to licence P1792 containing the Beverley prospect…
Bergen-based explorer Rocksource said this morning that its exploration well on the Storbarden prospect will be plugged and abandoned after finding no hydrocarbons. The well was drilling on PL 506S in the Norwegian sector of the North Sea using the Borgland Dolphin drilling rig…
North Sea independent exploration firm Ithaca Energy has agreed a deal to buy fellow London AIM-listed explorer Valiant Petroleum.Ithaca said the deal, which values Valiant at about $309million, would establish it as “a leading mid cap North…
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