For the offshore oilfield equipment and services industries, 2016 was a difficult year. Douglas Westwood’s Joel Hancock looks forward to see if there is a light at the end of the tunnel. The Maersk…
Elaine Maslin reports on the year’s top discoveries to date. The largest discoveries were smaller in 2016, but the average ranged between 396-524 MMboe. Atwood Oceanic’s Atwood Achiever drillship…
Elaine Maslin surveys some of the firms creating new solutions for bonded thermoplastic composite pipes. Magma’s 2in jumper being put to the test at Oceaneering’s facility in Houston. Photo from Magma Global…
Africa Energy Corp. has entered into a farmout agreement with a subsidiary of Pancontinental Oil & Gas pursuant to which Africa Energy will acquire a 10% participating interest in Petroleum Exploration License 37 offshore, Republic of Namibia (PEL 37)…
Vaalco Energy has closed on the purchase of an additional 3.23% participating interest (2.98% working interest) in the Etame Marin Permit, offshore of the Republic of Gabon from Sojitz Etame, which represented the full interest owned by Sojitz Etame in the concession…
Eco Atlantic Oil & Gas Ltd. entered into a deal to sell its total interest in Eco Atlantic Ghana Ltd. (Eco Ghana) to PetroGulf Ghana (PetroGulf), and is setting its focus on Guyana. Eco Ghana holds the Eco Atlantic’s interest in the Three Point West Deep Water Block…
After a long awaited return to Liberia, ExxonMobil started drilling at the deepwater Mesurado-1 exploration well earlier this week, according to partner Canadian Overseas Petroleum Ltd. (COPL). Map of Liberia…
Farstad Shipping has been awarded multiple charter contracts in Brazil and Egypt. Petrobras has extended the contract for the multi-purpose supply vessel Far Swift with another year in direct continuation with present contract, until October 2017…
The oil and gas industry is known for being cyclical, however, the current reality of a “lower for longer” oil price has made sanctioning large offshore projects financially unviable, Douglas-Westwood (DW) said. Many oil majors have opted to focus on subsea well tiebacks…
GC Rieber Shipping has entered into a time charter agreement in West Africa with Marine Platforms Ltd.(MPL) for the SURF (subsea umbilicals, risers, and flowlines) vessel Polar Onyx. The vessel will perform subsea construction/SURF installation and field development for end client Chevron…
Production from the Aje field offshore Nigeria continues to be limited by the performance of the Aje-5 well which, as previously reported, requires subsurface intervention to remedy a mechanical problem, MX Oil said. In addition, the…
Sirius Petroleum entered into a financed drilling contract with COSL Drilling Pan-Pacific Ltd. (COSL), for the provision of a high specification jackup rig that will be utilized to drill a multi well campaign as part of its shallow water development strategy in Nigeria at the Ororo project…
Partners on the Chinguetti oil field offshore Mauritania are considering options for its decommissioning. Production on the field, which is produced via the Berge Helene floating, production storage and offloading vessel (FPSO), is expected to end next year…
Sonangol and its Block Zero partners Cabinda Gulf Oil Co., Total E & P Angola, and Eni Angola, started the early production system (EPS) operations at the South Wellhead Platform of the Mafumeira Sul project, off the Coast of Malongo, in the province of Cabinda on 31 October…
Subsea 7’s revenue fell more than US$1 billion in the first nine months of the year, however, the company remains positive that there will be a surge in subsea, umbilical, riser, and flowline (SURF) projects within the next 18 months. Image…
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