BP has agreed to buy a 10% interest in the Shorouk concession offshore Egypt, containing the super-giant Zohr gas field, for US$375 million. As part of the deal with Eni, BP will also reimburse Eni for BP’s share of past expenditure…
SMD, a subsea technology provider, has introduced of Sentio, a synthetic environment and virtualization platform that is designed to optimize and improve the efficiency of operations in offshore environments. Sentio lets the user create models and environments to produce virtual scenarios…
After a long awaited return to Liberia, ExxonMobil started drilling at the deepwater Mesurado-1 exploration well earlier this week, according to partner Canadian Overseas Petroleum Ltd. (COPL). Map of Liberia…
The oil and gas industry is known for being cyclical, however, the current reality of a “lower for longer” oil price has made sanctioning large offshore projects financially unviable, Douglas-Westwood (DW) said. Many oil majors have opted to focus on subsea well tiebacks…
The Amberjack debottlenecking project in the deepwater Gulf of Mexico (GoM) has been completed, expanding its infrastructure and increasing Green Canyon Block platform (GC-19) off-take capacity by 60%. Amberjack illustration…
Israel's Minister of Energy has opened the country's first offshore bid round covering 24 areas in the Levant Basin, with some located close to existing major gas discoveries. The discovery of giant gas fields in the Levant Basin, offshore…
IKM Cleandrill has been awarded a three-year frame agreement with AkerBP for riserless closed loop mud recovery services. The initial operations under this contract will be production well drilling on the Alvheim development from the Transocean Arctic semisubmersible rig…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) received nearly US$563 million (CAD $758 million) in work commitments in its latest deepwater bid round for the East Newfoundland and Jeanne d’Arc regions, offshore the Canada-Newfoundland and Labrador areas…
Houston-headquartered SAExploration has won a ca.US$35 million contract to provide a 3D deepwater ocean-bottom marine project in West Africa. SAE expects to initiate this project in late 2016 and complete it in Q1 2017. The project will…
OMV has entered a deal to sell its UK subsidiary, OMV UK, to Siccar Point Energy for up to US$1 billion in a move that will see the Austrian company give up its stake in the Chevron-operated Rosebank deepwater project in the North Sea. Image from OMV…
After some rough starts, Mexico’s energy future might be headed in the right direction. Mexico’s upcoming deepwater round and the state owned oil firm Pemex’s upcoming joint ventures were up for discussion at a recent event held by Rice University’s Baker Institute…
Shell and its joint venture partners, Pavilion Energy and Ophir Energy, have started its Tanzanian drilling program. The program, covering two wells in Block 1 and 4, in the Mafia Deep basin off Tanzania, will target >1 Tcf of gas, according to Ophir…
Anadarko Petroleum posted a net loss of US$830 million in Q3 2016, as the US independent moves forward with its deal with Freeport McMoRan (FCX) and shifts its focus to oil with the deepwater Gulf of Mexico on its priority list. Walker…
Houston headquartered Hyperdynamics has signed a letter of award with drilling contractor Pacific Drilling for use of the Pacific Bora drillship on a deepwater drilling campaign offshore Guinea, West Africa, starting Q2 2017. The unit…
Offshore Ireland explorer Providence Resources has inked a letter of intent for use of a deepwater drilling rig to drill on the deep water Druid prospect in the southern Porcupine Basin in 2017. The Druid prospect is in Frontier Exploration…
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