Pancontinental Oil & Gas and its L10A joint venture partner, PTTEP of Thailand, issued to operator BG Kenya their notices of withdrawal from Block L10A in the Lamu basin offshore Kenya. Subject to ministerial consent, Pancontinental’s 18…
Houston-headquartered Endeavour International has put itself up for sale. The business, focused on the UK North Sea, says it is looking to sell all or substantially all of its North Sea oil and gas assets, with Blackstone Advisory Partners acting as financial advisor…
Rocksource CEO Terje Arnesen is stepping down from the company today after a mutual agreement with the firm's board. The Norwegian company has also agreed with Hans Petter Klohs that the services provided under a consultancy agreement for the CFO position will end as of 31 August…
Norway's TGS-NOPEC has agreed to take up a contract option with Polarcus, extending its lease of the Polarcus Adira for an additional two months, folloing on from its existing three-month contract. The vessel has already started the contract…
A milestone is about to be reached in the tidal energy industry off the cold harsh coast of Scotland. Elaine Maslin talked to the project director behind the MeyGen tidal array development. Atlantis Resources’ AR1500…
Inspiring the next generation sets the theme for this year’s SPE Offshore Europe 2015. OE takes a look at what’s in store at this year’s event. Offshore Europe 2014. In under three months’ time…
This past year has undoubtedly been one of the most challenging experienced by the marine energy industry in its short life, with some of our colleagues within the wave sector hardest hit. Neil Kermode…
Jeannie Stell provides an update on BP’s partnership with Wood Group Kenny to design and manufacture an FPSO riser suitable for the “dark and stormy” weather at BP’s Quad 204 redevelopment. BP…
About US$336 billion (€300 billion) could be spent in offshore wind capex over the next 10 years, with cumulative capacity surpassing 57GW. Douglas Westwood’s Rachel Stonehouse explains. Cumulative offshore wind capacity is forecast to reach 57GW by 2024…
Statoil and ExxonMobil are seeking ways to develop the multi-trillion cubic feet of gas resources they have found in Block 2 offshore Tanzania. Elaine Maslin takes a look. If you speak Swahili…
Russian arctic oil exploration is facing an uphill battle against international sanctions and low oil prices. But, the country’s oil companies and government are still keen to find produce their icy black gold. Eugene Gerden reports. The…
John Bradbury reports on new equipment designs for risers and umbilicals from DeepFlex and Technip, which the two top-tier players say can stretch the performance envelope. Umbilical spools on Technip Umbilicals’ quayside in Newcastle…
Following Mexico’s historic energy reforms, Fernando C. Hernandez of Reaching Ultra, discusses what is still needed in order to make Mexico a major deepwater player. Fig. 2: The Perdido Hub as seen from a crew boat…
With a mean estimate of 23.6 billion bbl of undiscovered, technically recoverable conventional oil in the Beaufort and Chukchi seas, the Arctic could be one of the last big finds. Heather Saucier examines what is at stake on the US side. Source…
Towards 2025, deepwater exploration and production will save the offshore industry, Norwegian energy analysts Rystad said in a recent presentation. According to Douglas Westwood’s World Deepwater Market Forecast, 2014-2018, deepwater spending is due to rise by 130%…
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