Offshore Block News

 

Hibiscus Acquires North Sea Rights

Jul 18, 2019

Malaysian oil and gas exploration and production company Hibiscus Petroleum Bhd is acquiring oil and gas rights offshore in the UK sector of the North Sea worth US$5 million (RM20.6 million).The blocks are located offshore in the United Kingdom sector of the North Sea, approximately 250km northeast of Aberdeen.It includes the Crown Discovery, which based on information provided by United, consists of 2C contingent resources of 8 million barrels of oil and 6 billion cubic feet of associated gas…

BOEM Announces New GoM Lease Sale

Oct 07, 2019

The US Department of the Interior's Bureau of Ocean Energy Management (BOEM) plans to offer about 78 million acres in a region-wide Gulf of Mexico lease sale scheduled for March 2020.Lease Sale 254, which would include all unleased areas in…

Brazil Okays BW Offshore's Oilfield Buy

Aug 19, 2019

Norwegean provider of floating production services to the oil and gas industry BW Offshore has won approval from Brazilian oil regulator ANP for the purchase of the Maromba oilfield, part of the Oslo-listed company's plan to become an operator and not just a supplier of oil services…

GSP Offshore, Trident Black Sea Bid in Ukraine

Jul 31, 2019

GSP Holding company GSP Offshore SRL is the preferred drilling and engineering services provider of Trident Black Sea, in its bid for the right to negotiate a production sharing agreement (PSA) with the Ukrainian government for the offshore Dolphin block in the northwestern part of the Black Sea…

Vaalco Exits Angola

Jul 22, 2019

Oil and as firm Vaalco Energy has paid a US$4.5 million settlement fee to Angola National Agency of Petroleum, Gas, and Biofuels (ANPG), for offshore block termination.The Houston-based independent energy company said that the settlement finalized the termination of Vaalco’s rights…

Five Bid on 12 Blocks Offshore in Israel

Jul 19, 2019

Five companies submitted proposals to explore for oil and gas on 12 blocks among 19 offered in Israel's second offshore licensing round. This was the second Israeli offshore licensing round.A government press release quoted Minister of Energy…

Inpex Wins Offshore Australia Block

Jul 15, 2019

Japan’s largest exploration and production company Inpex Corporation has announced that through a subsidiary, it was awarded an exploration permit for Release Area AC/P66 (the Block) as operator in Australia’s 2018 offshore petroleum exploration acreage release…

New Developments in Offshore Norway

Jul 15, 2019

There are 21 development projects in progress; 14 in the North Sea, six in the Norwegian Sea and one in the Barents Sea, according to Norwegian Petroleum Directorate’s (NPD).These projects represent diversity with new facilities, smaller discoveries…

OGA Publishes UKCS Decommissioning Report

Jun 20, 2019

British industry regulator, Oil & Gas Authority (OGA) will soon publish an industry report detailing the cost of decommissioning on the UK Continental Shelf and the progress being made by industry, government and regulators to reduce costs by more than 30 per cent…

NPD Grants Drilling Permit to Equinor

May 21, 2019

The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy AS a drilling permit for well 7324/6-1.The well will be drilled from the West Hercules drilling facility, said a press release from NPD.The drilling programme for well 7324/6…

Eni Secures Offshore Argentina Block

May 21, 2019

The Argentinian authorities have officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium.An Eni-led consortium wins an exploration license of offshore block MLO 124 from the  authorities, said a press release…

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Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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