Energy XXI has closed on the sale of the East Bay Field for US$21 million to a private buyer. In addition, Energy XXI will retain a 5% overriding royalty interest on these assets for a period not to exceed five years from the closing date…
John Hogg, president at Skybattle Resources in Calgary, Canada, has assumed the presidency of the American Association of Petroleum Geologists (AAPG). Hogg, a native of Hamilton, Ontario, is an AAPG honorary member who previously…
Electromagnetic Geoservices (EMGS) entered into two new data licensing agreements for the provision of 3D EM data from EMGS' multi-client data library in the Barents Sea. The agreements are worth a total of US$2 million. The multi-client revenues will be booked in the 2Q 2015…
Conductor Installation Services (CIS) completed a subsea piling operation for Subsea 7 in the UK North Sea. CIS used its remotely-operated subsea piling system, which makes it possible to drive piles as large as 42in in diameter, in water depths up to 300m…
Statoil has decided to suspend Scarabeo 5 due to overcapacity in its rig portfolio. The suspension will take effect once Scarabeo 5 has completed drilling of a well on the Kristin field in the middle of August, and will last until 1 March 2016…
Golar LNG, national oil firm Societe Nationale de Hydrocarbures (SNH) and French independent Perenco have agreed the commercial terms for the Africa's first floating LNG (FLNG) project. The project will be the first FLNG export project…
UK national standards holder NEL is investing £1 million to create the UK’s only flow meter calibration facility capable of testing at significantly elevated pressures and temperatures. This new test loop will reduce oil and gas operators’…
Tullow Oil's TEN project offshore Ghana is ramping up towards offshore installation activities this month and is on budget and on track for first oil mid-2016, the firm said today. The TEN project, named after the Tweneboa, Enyenra and Ntomme fields it will develop…
Norway's Statoil has made a small discovery near the Gina Krog development project, according to the Norwegian Petroleum Directorate and pratner Det norske. Wildcat well 15/6-13 and appraisal wells 15/6-13 A and 15/6-13 B were drilled…
As the oil and gas industry reacts to the continued downturn in prices, even the seismic vessels market is taking great pains to trim the fleet and stay competitive. Elaine Maslin surveys the market. GC Rieber delivered the Polar Empress…
Three firms have joined forces to lighten the load of offshore heavy lifting game. Elaine Maslin found out more. DeepTek drum winch, with 150m test length of LankoDeep AHC rope, installed on Jebsen and Jessen 110-tonne knuckle boom crane…
Wells and facilities decommissioning around the world is entering a new era. Some drivers for the changes in decommissioning are eco-awareness, a recent particularly onerous cycle of climatic events, facility design evolution, the glaring…
As decommissioning begins in earnest in the UK North Sea, the real cost of decommissioning is starting to be seen. Elaine Maslin reports on a study conducted to assess the increasing costs. The…
Heerema Marine Contractor’s new semisubmersible crane vessel is set to make waves. Elaine Maslin reports. An illustration of the new NSCV. Photos from Heerema Marine Contractors. Norse gods do not come along that often…
A change in Nigerian leadership will not end piracy risks to companies that operate oil and gas assets offshore West Africa. AKE Group’s Laura Barber weighs in. A ship uses fire hose defense. Image from US Naval Institute…
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