Sustained low oil prices could lead to a long-term drop in upstream oil and natural gas investment, according to a new report by the US Energy Information Administration. “Given the fall in oil prices that began in mid-2014 and the relationship between oil prices and upstream investment…
Primeline Energy Holdings spudded the LS23-1-1 exploration well on 23 September to tap into resources near its LS36-1 gas field production facility, in the East China Sea. Images from Primeline Energy…
Independent Oil & Gas (IOG) has made significant progress towards drilling the Skipper well in the Northern North Sea, located in Block 9/21a, in license P1609. Image from IOG. Alpha…
Wood Group has been awarded a contract with Marine Well Containment Co. (MWCC) to provide an operator training simulator; supporting training for containment in the event of a deepwater well control incident in the Gulf of Mexico. Image from MWCC…
Electromagnetic Geoservices ASA (EMGS) signed a multi-client acquisition agreement with the Directorate General of Hydrocarbons (DGH) in India. The agreement grants EMGS a two-year permit to acquire 3D EM multi-client data within a 325,000sq km area off West coast India…
All four phases of CGG’s BandaSeis 2D BroadSeis multi-client program targeting the Banda Arc around East Indonesia and Timor Leste have now been fully processed and are ready for delivery. BandaSeis data coverage…
Tidal energy firm Atlantis Resources announced the laying of four subsea cables for its MeyGen project in Scotland's Pentland Firth have been completed. Loading in Hartlepool. Image from Atlantis…
Statoil is targeting 20 MMbbl of additional resources in the Gullfaks area by tapping reservoirs above the main Gullfaks field. Gullfaks was brought on stream in 1981, but the plan for development and operation (PDO) did not include the Shetland and Lista reservoirs…
Africa-focused explorer FAR has agreed a farm-in option deal with Trace Atlantic Oil on the shallow water Djiffere block offshore Senegal, containing at least one lead potentially containing 100 MMbbl, says FAR. Djiffere sits adjacent to the prospective Rufisque…
Japan's INPEX has launched the central processing facility (CPF) for its US$34 billion Ichthys LNG Project offshore Australia. The CPF, billed as the world's largest semisubmersible by INPEX, was launched from Samsung Heavy Industries' offshore floating dock in Geoje…
Maersk Drilling has been awarded a new three-year contract worth US$110 million for the jackup rig Maersk Resilient with Danish oil company Maersk Oil. The Maersk Resilient. From Maersk. Commencement is expected in October 2015…
ROC Oil commenced drilling operations the second of two planned exploration wells in the Bohai Bay basin, offshore China, according to joint venture partner AWE. Map of Block 09/05. From ROC. The…
Njord Offshore have taken delivery of Njord Magni – the third 26m Quad IPS crew transfer vessel (CTV). Njord Magni is the third of four sister vessels to be delivered to Njord Offshore this year and is due to be shipped back to Europe from Singapore with Njord Thor in October 2015…
ExxonMobil and partner Canadian Overseas Petroleum Ltd. (COPL) are planning to return to the waters offshore Liberia as early as next year after the duo delayed drilling plans due to an Ebola virus outbreak in the region. Map of Block LB-13…
As part of President Obama’s comprehensive Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Sally Jewell, US secretary of the Interior and Abigail Ross Hopper, Bureau of Ocean Energy Management (BOEM) director…
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