The Oil and Gas Authority (OGA) has offered for award 12 licenses to 11 companies, including Statoil, BP, Shell, Maersk, Apache and EnQuest in the 2016 Supplementary Offshore Licensing Round. Fourteen blocks were originally on offer in this Supplementary Round…
Lundin Petroleum's latest well on the Alta field in the southern Barents Sea has confirmed reservoir communication and qualities. Lundin is now planning a sidetrack well, which will help to plan for the drilling of a horizontal well for use as in an extended well test…
Ophir Energy is expecting to have the Fortuna FLNG project final investment decision (FID) off Equatorial Guinea settled in the coming months, as the company moves to decrease costs by cutting 15% of its global workforce. Thailand operations…
Trendsetter Engineering has successfully completed live well operations with their new 15,000 psi subsea hydraulic intervention system (referred to as STIM). Trendsetter's STIM. Image from Trendsetter…
Emerson Automation Solutions has launched the latest version of its reservoir characterization and modeling software, Roxar RMS 10.1. RMS 10.1. Image from Emerson. Through even…
Eni has increased its estimate of resources in place at the Amoca field offshore Mexico to 1 billion boe, following a successful appraisal well that is prompting the Italian giant to accelerate its development plan. Map from Eni…
Royal Dutch Shell will exit upstream operations in Ireland with the sale of its Corrib gas field stake to a Canadian pension fund. Source: Shell The sale is part of the company’s strategy to reshape itself through a three-year…
Statoil has gained more stake offshore Brazil, following a US$379 million deal with Queiroz Galvão Exploração e Produção (QGEP) to acquire QGEP’s 10% interest in the BM-S-8 license in the Santos basin. Map of BM-S-8…
CNR's Murchison platform removal in the UK North Sea has been completed, according to Heerema Marine Contractors, part of the Heerema - AF (HAF) Offshore Decom Consortium. Heerema Marine Contractors (HMC) and AF Offshore Decom (jointly called HAF Decom) for the full engineering…
Newcomer Borr Drilling has landed its first deal with a supermajor. Borr and its Nigerian partner company Valiant Energy Services West received a letter of commitment from Total E&P Nigeria for the Frigg jackup. The deal is for a firm one-year period with a possible extension…
Shell is buying the deepest floating production unit in the world, the Turritella floating production storage and offloading (FPSO) unit in a US$1 billion cash deal that will allow the supermajor to assume operatorship of the entire Stones development in the deepwater Gulf of Mexico…
Ensco has been awarded three drillship contracts offshore West Africa, representing an aggregate three years of contracted term and more than six additional years of options. ENSCO DS-4 is expected to start a two-year contract with Chevron offshore Nigeria in August 2017…
This week, France’s Total and Qatar Petroleum (QP) will officially take over operatorship from Maersk Oil of the giant Al-Shaheen oil field offshore Qatar for a term of 25 years. Al-Shaheen. Image from Maersk Oil…
Statoil has awarded Apply Leirvik a US$48 million (NOK 400 million) contract for the delivery of the living quarters module for the Peregrino II Platform in the Campos Basin offshore Brazil. Illustration of Peregrino II…
COSL Drilling Europe has been able to rescue to of its rigs from warm stacking this month. The company announced a new contract from Lundin Norway for the use of the COSLInnovator to drill one well, with the addition of an option of eight wells…
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