Hungary’s MOL Group is eyeing North Sea operatorship and has deep enough pockets to do it. Elaine Maslin spoke to exploration director Alex Dodds (pictured). Hungary’s MOL Group is aiming to double its production within at least five years and then double it again after that…
Calgary-based Sterling Resources issued its 1Q results today, reporting US$20.5million revenue attributable to production from the Breagh gas field in the UK North Sea, and expenses of $2.6 million during the quarter. The average expected…
W&T Offshore Inc. subsidiary, W&T Energy VI, acquired Woodside Energy's deepwater Gulf of Mexico assets for US$51 million, the company announced on 20 May 2014. The transaction includes a 20% non-operated working interest in the producing Neptune field (Atwater Valley Blocks 574…
Brazilian independent HRT Participacoes em Petroleo SA announced plans to focus on the offshore Polvo field, in the Campos basin. HRT operates the field with 60% interest along with partner Maersk (40%). In 4Q 2013, the National Petroleum Gas and Biofuels Agency (ANP)…
Nexen Petroleum's Golden Eagle development living quarters [LQ] module sailed away from its fabrication yard yesterday, 19 May (pictured). The LQ module was designed and built by Sembmarine SLP in Lowestoft at its Hamilton Dock. The 2000-tonne module…
Bermuda-headquartered Teekay Offshore filed a letter of intent to acquire Norway-based Logitel Offshore Holdings Ltd., the company announced in its first quarter results released on 15 May 2014. The acquisition, Teekay said, should close in 3Q 2014…
Petrobras began production from its P-62 platform at the Roncador field, in the Campos Basin, off Brazil, the company announced on 12 May. The 111sq km Roncador field is located in a water depth of 1800m and is divided into four modules with differing API densities…
Statoil announced plans to divest its interest in the ENI-operated block 15/06 offshore Angola for US$200 million. The transaction, which will be effective 1 January 2013, means concessionaire Sonangol EP will pick up Statoil's 5% participating interest…
Höegh LNG Holdings Ltd. has signed a letter of intent (LOI) with Egyptian Natural Gas Holding Co. (Egas) for the use of one of Höegh's floating storage and regasification units (FSRUs) – currently under construction at Hyundai Heavy Industries…
CNOOC Ltd began production at its 100%-owned Kenli 3-2 oilfields, the company announced on 12 May 2014. The Kenli 3-2 oilfields, located in the southern Bohai Sea at an average water depth of 20m, consists of Kenli 3-2, Bozhong 34-6/7…
Norway’s state oil firm Petoro has said it wants to double the number of wells on the Norwegian Continental Shelf and halve their cost in order to realize the great potential of discoveries and existing fields in the Norwegian State’s Direct Financial Interest (SDFI) portfolio…
Brazil's desire to fast-track development of the huge Libra pre-salt discovery will require flexibility in enforcing local content regulations, CEO Oswaldo Pedrosa of Pré-Sal Petróleo S.A. (PPSA), the new state-owned company representing Brazilian national interest in pre-salt ventures…
Brazilian correspondent Claudio Paschoa shares his insights after visiting SBM Offshore & Synergy’s Brasa yard in Niteroi to tour Petrobras’ latest FPSO Cidade de Ilhabela. The first time I visited the Brasa shipyard, a joint venture between SBM Offshore and Synergy…
Data gathering and large-scale reservoir modeling will be key to unlocking Anadarko's big gas development off Mozambique. Bruce Nichols spoke with Anadarko and engineers at Halliburton's Landmark to discover more. When Anadarko made three…
A 6th generation DP semisubmersible, Pemex's Centenario GR is capable of drilling in 3000m water depth. More than 85% of the rigs working offshore Mexico are classed by ABS. image source: Grupo R After 75 years of monopoly…
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