W&T Offshore Inc. subsidiary, W&T Energy VI, acquired Woodside Energy's deepwater Gulf of Mexico assets for US$51 million, the company announced on 20 May 2014. The transaction includes a 20% non-operated working interest in the producing Neptune field (Atwater Valley Blocks 574…
Brazilian independent HRT Participacoes em Petroleo SA announced plans to focus on the offshore Polvo field, in the Campos basin. HRT operates the field with 60% interest along with partner Maersk (40%). In 4Q 2013, the National Petroleum Gas and Biofuels Agency (ANP)…
The Atwood Eagle semisubmersible drilling rig has been mobilized to the Phoenix South-1 well location within the WA-435-P exploration permit, off Western Australia. Perth-based partner Carnarvon Petroleum Ltd. said that operator Apache Energy Ltd…
Odfjell Drilling and BP Angola have agreed a deal securing further work for Odfjell Drilling's sixth generation ultra-deepwater and harsh environment semisubmersible Deepsea Stavanger (pictured) on Block 18 in Angola. The contract is…
A subsidiary of Genel Energy is preparing to start drilling the Hagar Qim-1 well offshore Malta after the rig for the program was accepted under contract. The Noble Paul Romano (pictured) set sail for Block 7, in Area 4 offshore Malta…
GAC Russia is upgrading its supply base at the port of Novorossiysk to support offshore oil & gas exploration and extraction in the Black Sea. GAC Russia has already signed contracts to provide supply base support for operations from Novorossiysk on the northeastern Black Sea coast…
Drilling rig giant Transocean says it has picked up new contracts worth about US$953 million since 17 April. Giving its fleet update report, the firm said other highlights include: Dhirubhai Deepwater KG1 drillship - Awarded a three year contract offshore Brazil at a dayrate of $440…
SapuraKencana Petroleum Berhad's drilling division, SapuraKencana Drilling, has won a new contract and three contract extensions, worth a total of US$454 million, from new and existing clients in West Africa (Congo and Angola), Brunei…
Houston based drilling and floating production firm Northern Offshore is considering spinning off its sole floating production platform (FPF) into a new business (pictured). The firm operates the semisubmersible Northern Producer FPF…
Norway-based Enhanced Drilling has completed a pilot, managed-pressure-drilling project with Statoil. Enhanced Drilling’s EC-Drill system, a managed-pressure-drilling system for use off floating rigs, was used to drill three branches…
Centrica Resources Norge AS, operator of production license 405, has announced that exploration wells 8/10-5 S and 8/10-5 A are dry. The wells were drilled approximately 13km southeast of the Ula field, in the southern sector of the North Sea…
It has been less than a year since Mexico’s landmark energy reform, but the effects of this major restructuring on one of the world’s largest economies are already being observed. Gustavo Hernandez Garcia, acting director of E&P, Pemex,…
CIMC Raffles at Yantai delivered the jackup rig Gulf Driller No.1 to ship owner COSL, the company announced 10 May 2014. CIMC Raffles said the jackup is expected to set out for the Bohai gulf. The Super M2 jackup rig was designed by…
Ensco plc has named Carl Trowell chief executive officer and president, effective 15 June, the company announced on 9 May 2014. He succeeds Dan Rabun who is retiring after eight years as CEO. Rabun’s retirement was announced in November 2013…
GE Oil & Gas has unveiled its next-generation blowout preventer (BOP) program aimed at making 20,000psi (20ksi) subsea formations the next frontier in offshore oil and gas exploration. Current GE subsea BOPs are only rated for 15ksi. However…