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…
Lukoil has struck more pay at its third well in the Vladimir Filanovsky field in the shallow waters of the Caspian Sea. The LSP-1, from Lukoil. The horizontal section of the well is 1217m long…
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…
BGP Marine started a 2D multiclient survey, offshore Cuba, after signing a contract with Cuba-Petroleo Co. (CUPET). Map from BGP. The project comprises 25,000 km of 2D long-offset…
Maersk Oil is to drop its heavy oil Bagpuss and Blofeld License, P.1943, in the UK North Sea, according to partner North Sea Energy. The move follows UK independent Premier Oil resigning as operator on the Bagpuss joint venture, effective at the end of this year…
Statoil and Petrobras have completed a deal seeing Statoil acquire Petrobras’ 66% operated interest in the BM-S-8 offshore license in Brazil’s Santos basin for US$2.5 billion. BM-S-8, which Statoil estimates holds 700 MMboe to 1.3 billion boe recoverable…
Statoil reported a fire on the Scarabeo 5 drilling rig in the Njord field in the Norwegian Sea. Image of the Scarabeo 5, from Saipem. As of 20:30, Statoil said that there are…
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…
PT Medco Energi Internasional Tbk (MedcoEnergi) has completed the acquisition of ConocoPhillips Indonesia Inc. (CIIL) and ConocoPhillips Singapore Operations (CSOP), both subsidiaries of ConocoPhillips (COP). CIIL is the operator of the…
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…
Eni and General Electric (GE) have entered an agreement to develop renewable energy projects and hybrid solutions with a focus on energy efficiency. Through this agreement, Eni and GE intend to jointly identify and develop large-scale power generation projects from renewable energy sources…
Electricity has been generated for the first time at Burbo Bank Extension offshore wind farm, a joint venture between DONG Energy (50%) and its partners PKA (25%) and KIRKBI (25%). With the initial turbines recently installed, power…
Castex Offshore had a successful flow testing of its Main Pass Hummer discovery well, offshore Louisiana, according to partner Petsec Energy. Flow rates were measured at restricted rates on variable choke sizes over the last three hours…
In this video from Shell, the supermajor shows its efforts, along with six other major oil and gas companies, to invest US$1 billion to reduce methane emissions and accelerate deployment of carbon capture utilization and storage. The companies…
A steering group of offshore companies working together to explore opportunities to maximize remaining gas reserves in the Southern North Sea (SNS) has been appointed. A mix of operators, duty holders, service businesses and supply chain…
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