Italian explorer Eni sanctioned the Offshore Cape Three Point (OCTP) deepwater development project that will provide domestic gas supply to Ghana’s thermal power plants for more than 15 years. Image from Eni…
McDermott International has concluded the transportation and installation of a Yoke-type single point mooring tower and hook-up to a floating storage offloading (FSO) vessel for PT Rekayasa Industri offshore Indonesia in the Banyu Urip field…
Oil and gas exploration has turned many areas of Sub-Saharan Africa into economic hotspots, and operators are now looking at South Africa’s western coast. Planned infrastructure improvements may improve exploration logistics, but…
Eco Atlantic Oil & Gas Ltd.received approval from the Parliament of the Republic of Ghana to acquire a 50.51% interest in the Cape Three Points West block, located in the Tano Cape Three Points basin, offshore Ghana. The agreement is for 25 years…
Wood Group has acquired Cape Software, a Texas provider of simulation software and services for operator training and logic validation for SCADA and DCS industrial control systems used by the oil and gas and other process-based industries…
Metocean Services International (MSI) recently completed a deepwater current measurement program offshore Namibia for Repsol Exploration with 100% data return. Repsol as operator of a partnership including Tower Resources Plc and Arcadia…
Siemens announced today that it has signed a contract to provide wind turbines and services for the pioneering Cape Wind project, the first commercial offshore wind farm in the USA. Siemens and Cape Wind have signed a major contract for…
Eni discovers oil and gas pay at Sankofa wellTesting at Sankofa-2 ST (Photo: Vitol)Eni successfully drilled Sankofa East 2A, the first appraisal well of the Sankofa East oil discovery in the Offshore Cape Three Points (OCTP) block, located in the Tano Basin offshore Ghana…
With the basin-opening Jubilee field and other oil and natural gas condensate discoveries, Kosmos Energy and its partners have placed Ghana on the deepwater oil & gas map. The company is now franchising its exploration strategy and aims to open…
Cape Wind clears another hurdleThe Cape Wind offshore wind power project in January received a final permit from the US Environmental Protection Agency to begin construction of the first US offshore wind farm. The agency's approval came a…
The ocean energy industry is still at a nascent stage, but burgeoning support in a few key markets, diverse resource potential and maturing technology are boosting the industry’s prospects for growth. That’s the verdict of a new IHS emerging energy research market study…
OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet is tracking at 74%; holding steady for the last three months at the bottom of a…
Cape Wind clears another hurdleAnother challenge to its long-delayed quest to become the US’s first offshore wind farm was successfully fought off by Cape Wind as federal regulators in August upheld an earlier decision that said the project posed no threat to airways…
After years of delay, the Cape Wind offshore wind project got the green light to proceed with the $1 billion development off the coast of Massachusetts, putting the project on the path to become the first wind power installation on the US Outer Continental Shelf…
More than eight years after the project was announced, the Obama administration is pushing for a final resolution that would allow installation of the first major offshore wind farm in the US.Threatening to ‘take the steps necessary to bring the permit process to conclusion…
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