London-listed oil minor MX Oil is hoping to raise about US$6.26 million through issuing new shares to fund the work on the Aje field offshore Nigeria. Production started from Aje, in block OML 113, last year, but has been limited by the performance of the Aje-5 well…
Petrobras has achieved two new production records from its pre-salt reservoirs: a 1.28 MMb/d monthly production record and the 1.34 MMb/d record achieved on 4 January. Combined oil and natural gas production operated by Petrobras also reached a new record at 1…
DOF Subsea Australia has been awarded a contract by Technip Oceania, part of TechnipFMC, for the provision of multipurpose support vessel (MSV) Geoholm for Shell's Prelude FLNG project. The Geoholm will be required to provide ROV and…
India's Reliance Industries Ltd. (RIL) has awarded Genesis a contract to undertake front end engineering design (FEED) on the MJ field deepwater development in block KG-DWN-98/3 in the Bay of Bengal. This project will consider a seven…
BHP Billiton's board has approved to spend US$2.2 billion for its share of BP's Mad Dog Phase 2 development costs in the US Gulf of Mexico. Image of Mad Dog, from BP. The project is one of the largest…
BW Offshore signed a farm-out deal to become operator of the Kudu license offshore Namibia with 56% stake. The company’s subsidiary BW Kudu will take over the license, with Namibian state-owned oil company National Petroleum Corp. of Namibia (NAMCOR) holding the remaining 44% interest…
The P-66 floating production, storage and offloading (FPSO) vessel is on its way to work on the Lula Sul field, in Brazil's Santos Basin, after being delivered by Keppel Offshore & Marine subsidiary Keppel FELS Brasil SA's BrasFELS shipyard…
Fractured basement reservoir explorer Hurricane Energy says its previous 300 MMbbl estimate for the Lancaster field, west of Shetland is conservative. The firm has completed technical analysis of the Lancaster, Lincoln and Warwick assets…
Israel's Delek Group has made a US$524 million offer for UK independent explorer and producer Ithaca Energy. The offer, a 12% premium on Ithaca's last closing price on the Toronto Stock Exchange, would see Delek take over Ithaca's UK North Sea portfolio…
The floating production, storage and offloading (FPSO) vessel is set to depart for Ghana to work on Eni's Offshore Cape Three Points (OCTP) development offshore Ghana after being named. The 1.7 MMbbl capacity John Agyekum Kufuor was named after Ghana’s President Emeritus…
Energean Oil & Gas has appointed TechnipFMC as the concept and front-end engineering design (FEED) contractor for the Karish and Tanin development program, offshore Israel. The move follows Energean’s decision to develop the fields using a floating production…
The floating production systems market remains challenging. Will cost-cutting measures made over the past two years help projects reach final investment decision in 2017? Infield’s Catarina Podevyn assesses the market. Johan Castberg…
Wood Group has been awarded a five-year contract with Hess Exploration & Production Malaysia. The operations and maintenance contract is to support Hess’ newbuild fixed and floating offshore facilities in the North Malay Basin development…
GE Energy Connections has been chosen to supply its MV7Series 5 Level (MV7-5L) drive, which will sit topside on a floating production storage and offloading (FPSO) unit for the Greater Enfield project. Located 60km off Exmouth in Western Australia…
Partners on the Etinde permit offshore Cameroon are now considering offtake to existing facilities in Equatorial Guinea as a new possible solution. The project, operated by New Age, and which is taking much longer than planned to develop…
Subscribe
