Statoil has picked up the largest number of licenses in the Oil & Gas Authority's 29th Offshore Licensing Award focusing on frontier or underexplored acreage on the UK Continental Shelf. In total, 25 licenses have been offered, covering 111 blocks…
ExxonMobil has confirmed a new discovery offshore Guyana at the Snoek well, as the supermajor continues its efforts in the area by drilling the Liza-4 well. Image from Exxon. Exxon encountered more than 82ft (25m) of high-quality…
PGS has completed its fleet expansion with the naming of its latest newbuild, the Ramform Hyperion, at Mitsubishi Heavy Industries Shipbuilding yard in Nagasaki, Japan today (22 March). The first vessel of the Ramform Titan-class came in 2013 with the delivery of Ramform Titan…
Badger Explorer entered into a letter of intent (LOI) with the shareholders of Dwellop to acquire 100% of the outstanding shares of Dwellop for approximately US$22.4 million (NOK 190 million). In addition, certain shareholders of Badger…
Maersk Oil reached an agreement with the government of Denmark that will see a full redevelopment plan for the Tyra project in the Danish North Sea. Tyra East. Image from Maersk Oil. The…
Noble Energy has won approval to drill an additional well, Leviathan-7, at its giant Leviathan project offshore Israel, alongside the Leviathan-5 well, in a move that aims to streamline operations and reduce drilling costs, Noble's partner Delek Group announced today (14 March)…
Trelleborg has secured a contract for the supply of floatover equipment for a major offshore oilfield development project in the United Arab Emirates (UAE), the firm announced today (6 March). The contract spans the project’s second of three engineering…
Noble Energy cut first steel on its giant Leviathan natural gas project, offshore Israel. First steel cut for Leviathan. Image from Noble Energy LinkedIn. “We are excited to join…
BP’s five-year plan has revealed the next wave of its competitive projects with potential new final investment decisions (FID), a list of several offshore projects set to come online this year, and eight projects that are currently under construction set for start-up in 2018-2021…
The US Department of the Interior (DOI) announced its first lease sale under the Trump Administration’s new Outer Continental Shelf Oil and Gas Leasing Program for 2017-2022 (Five Year Program), offering 73 million acres in the Gulf of Mexico (GoM) this summer…
Noble Energy has sanctioned the US$3.75 billion phase one of the giant Leviathan project, as partners in the Israeli gas field have approved the final investment decision. Leviathan sits in1600m water depth, 130km offshore Israel, and is estimated to contain 22 Tcf of natural gas…
India's government has awarded 31 contract areas as part of its Discovered Small Fields (DSF) bid round 2016, including eight offshore. A total of 134 bids were received for 34 contract areas. Of those, 22 companies (singly or in consortium) were shortlisted for 31 Contract Areas…
US oil major Chevron has picked up a new exploration permit in a 'gas-rich' part of the Carnarvon Basin, offshore western Australia. Chevron paid US$2.3 million (A$3 million) for the cash bid permit WA-526-P, which will last six years…
A multi-skilled team of north east-England based subsea engineering experts has made it to the semifinals of Shell's US$7 million Ocean Discovery XPrize. XPrize is an international competition which aims to create the next generation tools…
Melissa Sustaita charts the progress of two of the Caspian region’s famed oil and gas projects, NCOC’s Kashagan and BP’s Shah Deniz. Last year (2016) had its share of peaks and valleys; however, it was a year of excellent progress for two huge projects in different sectors of the Caspian Sea…
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