Marred by corruption and market turmoil, Petrobras, the operator of key pre-salt projects for Brazil’s oil production over the next five years, is one of many Brazilian oil and gas companies facing a difficult financial future in the short term…
Lundin Petroleum has discovered oil at the Rolvsnes exploration well 16/1-25 S in PL338C, in the central North Sea sector of the Norwegian Continental Shelf (NCS), the company confirmed on 22 December. Lundin said the well encountered a 30m gross oil column in porous granitic basement…
Atlantis Resources and ScottishPower Renewables (SPR) are teaming up to develop a joint portfolio of projects for the growing tidal sector, announced Atlantis. Atlantis’s Scottish project development vehicle, Tidal Power Scotland Limited (TPSL)…
Shipping and offshore specialist law firm Wikborg Rein says current low oil prices could mean there are bargains to be had for investors in the offshore sector who follow recommended procedures for assessing and acquiring distressed companies…
The acquisition of 100% of the shares of E.ON E&P Norge by DEA Norge has been completed on the 16 December, 2015. With the deal, DEA Deutsche Erdoel AG enhances its presence in Norway and its long-term commitment to the country’s oil and gas industry…
Amsterdam-based SBM Offshore announced that it received from Petrobras the formal invitation to tender for the Sépia and Libra FPSOs (floating production, storage and offloading), as referenced in the company’s Q3 trading update of 11 November…
Wood Group has been awarded a main contractor framework agreement worth approximately US$400 million to deliver maintenance and modification services to four Statoil installations on the Norwegian continental shelf (NCS). Wood Group Mustang Norway will provide this support for the Snorre A&B…
The European Marine Energy Centre (EMEC) has signed Flemish wave energy developer Laminaria to test its innovative wave energy converter at EMEC's grid-connected wave test site at Billia Croo, off the west coast of Orkney, Scotland. Laminaria's technology…
Rosneft has completed its 2015 geological exploration program at offshore licenses using 2D seismic survey methods that covered 20,434km in the Kara Sea, Chukchi Sea, and Laptev Sea. For the first time, 2D seismic exploration was carried out with support of an integrated information system…
W&T Offshore announced a 'significant discovery' at the Ewing Banks 954 A-8 exploratory well located in the deepwater Gulf of Mexico. The EW 954 A-8 well penetrated a total of 150ft of measured depth hydrocarbon pay contained in two sands…
Wood Group is continuing to expand its Automation and Control business, establishing automation capabilities at Wood Group Mustang’s Kuala Lumpur office to serve the Asia Pacific market. With this entry into the Asia Pacific markets,…
Saipem has been awarded new engineering and construction offshore contracts cumulatively valued at US$196 million (€180 million). The most significant initiatives are: Johan Sverdrup Export Pipelines Project Statoil, on behalf of the Johan Sverdrup partners…
Image from Jumbo. Jumbo's J-class vessels Jumbo Jubilee and Fairpartner were scheduled to transport 16 piles to Shell's Prelude field, site of the world's first FLNG vessel, off the coast of northwest Australia…
Rosneft produced 2 million tonne of oil since the production start at the Northern Tip of Chayvo field in 2014. Image from Rosneft. The Northern Tip of Chayvo field is located in the Sakhalin shelf area…
Statoil, Gassco and ExxonMobil have received consent for manned underwater operations in 2016, from the Petroleum Saftey Authority (PSA) of Norway. The services are to be supplied by Technip and Subsea 7. Image from Statoil…
