Russia's Gazprom Neft is set to drill the first exploration well on the Ayashsky Block in the Sea of Okhotsk after signing a contract for use of a Japanese drilling rig. Gazprom acquired a license for the exploration, development and…
Sakhalin Energy Investment Co. awarded KCA Deutag a four-year contract extension for platform drilling services on three platforms offshore Sakhalin Island in Russia. The contract extension is effective from 1 June 2017 to 31 May 2021…
Polarcus has signed a heads of agreement with Russia's SCF GEO AS (Sovcomflot) to charter a vessel on bareboat terms with delivery scheduled for March 2017, a deal that comes with an option for Sovcomflot to buy the vessel. Image of the Polarcus Nadia…
US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
BP is forecasting that renewables will become the fastest growing fuel source by 2035, nearly quadrupling over the next 20 years, according to the UK oil giant’s latest Energy Outlook. Image from BP…
Gazprom Neft subsidiary, Gazpromneft Sakhalin, has acquired a license for the exploration, development and production of hydrocarbons at the Ayashsky block, on the continental shelf of the Sea of Okhotsk. Map of the Ayashsky block…
Gazprom Neft has commissioned two new production wells at its Prirazlomnoye field in Russian arctic waters. The new wells bring the total number of wells currently in operation at the Prirazlomnaya platform to 10, six of which are production wells…
Lundin is to take a non-cash impairment charge of US$632 million after deciding to take some 170 MMboe contingent resources in Malaysia and the Caspian Sea off its books. The Sweden-headquartered explorer said it was removing the resources…
Hansa Heavy Lift (HHL) has successfully transported two ship-to-shore (STS) cranes via the Northern Sea Route (NSR), relocating them from the port of St. Petersburg to the port of Vostochny, spanning both the European and Far East regions of Russia…
There are slim pickings for fabricators in oil and gas sector, but as Steve Hamlen reports offshore wind fabrication has given firms some sustenance. Dudgeon jacket. Photos from Sembmarine SLP…
Is the subsea market poised for a comeback? Jon Fredrik Müller, of Rystad Energy, sets out the detail. An oil and gas Xmas tree. Photo from GE Oil & Gas. The subsea market has…
Three Japanese companies have agreed on a project to jointly explore for oil and gas southwest of Sakhalin Island, working with Russia's Rosneft. The firms, Japan Oil, Gas and Metals National Corp. (JOGMEC), Inpex Corp and Marubeni Corp…
Gazprom and OMV signed an agreement that will see Gazprom acquire stake in OMV Norway. According to the agreement, Gazprom will receive a 38.5% stake in OMV (Norge), a company focused on geological exploration and production in Norway…
Russia's Rosneft is to take a 30% stake in the Shourouk Concession, offshore Egypt, containing the supergiant Zohr gas field. Rosneft will pay operator Eni US$1.125 million and a share of past expenditures, which amount so far at about $450 million…
Allseas and Nord Stream 2 signed a letter of intent (LOI) covering the offshore pipelay work for the Nord Stream 2 Pipeline through the Baltic Sea, marking the second major pipelay project that the Dutch heavy weight has entered this week…
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