UK independent EnQuest says first oil from its US$2.6 billion Kraken heavy development in the UK North Sea is on track for Q2 after hook-up works completed. The Kraken development, about 125km east of the Shetland Islands, off Scotland…
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…
Mammoet has successfully completed the process of weighing, transporting and lifting the modules of the P-76 FPSO platform for the Technip-Techint consortium at the Techint Offshore Unit in Pontal do Paraná - Brazil. Image of the P-76 FPSO…
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…
Actemium Angola and Actemium Oil & Gas Maintenance have been awarded an offshore multidisciplinary maintenance contract by Total E&P Angola. Under the multi-year agreement, Actemium will continue the offshore maintenance of the Girassol…
Eni started production five months ahead of schedule at its East Hub Development Project, offshore Angola. Image of the Armada Olombendo, from Eni. The East Hub Development is in Block 15/06 of the Angolan deep offshore…
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…
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…
Costs have been cut in the industry, but has it been enough? Elaine Maslin looks at ongoing initiatives in the UK North Sea. Photo from iStock. The past two years of pain for the oil and gas industry is well known…
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…
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…