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Ophir Energy signs PSC for block located offshore Myanmar LONDON Ophir Energy has signed a Production Sharing Contract (PSC) with the Myanmar Ministry of Energy which finalises the award of Block AD 03 offshore Myanmar. Ophir has a 95% operated
Total may delay North Sea spending in next two years amid oil drop JILIAN WARD and TARA PATEL LONDON (Bloomberg) Total SA may delay some spending on North Sea projects over the next two years, as well as possibly buying
NEW YORK (Bloomberg) -- OPEC’s price war against the American shale industry will erode drilling budgets, shrink profits and even bankrupt some companies. It won’t do the one thing cartel leader Saudi Arabia wants: reduce U.S. production.
HOUSTON -- Cameron has been awarded a multi-year contract by ExxonMobil Canada Properties for wellhead equipment and production trees for the Hebron project, a 52-well development located offshore Newfoundland.
PHOENIX -- Freeport-McMoRan has announced positive drilling results from its 100%-owned Holstein Deep and Dorado development wells in the deepwater Gulf of Mexico.
TGS, EMGS to expand coverage of 3D EM data over the Barents Sea ASKER, Norway TGS and Electromagnetic Geoservices (EMGS) have agreed to further expand the companies' previous cooperation agreement in the Barents Sea. TGS will partner with EMGS to
SEDCO Express to drill offshore Nigeria for CAMAC Energy HOUSTON CAMAC Energy has signed a contract with a subsidiary of Transocean for the provision of the semi submersible drilling unit Sedco Express for drilling and completion activities offshore Nigeria. The
Petrobras announces first discovery at Colombian Caribbean deepwaters RIO DE JANERIO Petrobras has announced the discovery of natural gas accumulation at Orca 1 exploratory well, in Tayrona block, at Colombian Caribbean deepwaters, 40 km off the coast of La Guajira.
SAN RAMON, California -- The partners for the deepwater Jack and St. Malo project in the U.S. Gulf of Mexico, led by operator Chevron, have announced that crude oil and natural gas production has started.
BERGEN, Norway -- Rocksource ASA has abandoned the Ivory exploration well in the Norwegian Sea, citing volume estimates indicating a resource base that was below the pre-drill low case estimate of 280 Bcf of gas.
TRONDHEIM, Norway -- Electromagnetic Geoservices (EMGS) has entered into a data licensing agreement with Statoil worth $10 million for the provision of 3D EM data from EMGS' multi-client data library in Norway.
OMV announces first oil from the Maari Growth project VIENNA, Austria OMV has commenced production at the MR 8A well from a previously undrained compartment in the Maari field off the Taranaki coast of New Zealand. The well was side
MODEC, Schahin Group win FPSO charter contract from Petrobras TOKYO MODEC and its Brazilian partner Schahin Group have been awarded a contract for supply, charter, and operations of a FPSO vessel for the BM C 36 block in the Campos
Ennsub bags $3.15 million worth contract from Benthic WESTHILL, Aberdeen Ennsub has been awarded a contract worth $3.15 million (£2 million) by Benthic to build a newly enhanced and portable Launch and Recovery System (LARS4) to complement the latest addition
SINGAPORE -- Marine Contracting has announced the successful move of the Cendor mobile offshore production unit (MOPU) from the Cendor field, offshore Malaysia, to Batam, Indonesia, for upgrade work en route to its eventual destination in the Wassana field in the Gulf of Thailand.
ABERDEENSHIRE, Scotland -- Industrial and emergency response provider NRC has announced the establishment of a new oil spill base in Aberdeenshire, Scotland. The new 4.9-acre site in Oldmeldrum, Aberdeenshire, will act as a service, maintenance and training facility for NRC’s international activities.
InterMoor completes Delta House hook up HOUSTON InterMoor, an Acteon company, has successfully installed and hooked up a permanent mooring system for the Delta House field floating production system (FPS) in the Gulf of Mexico. The mooring lines were deployed
OSLO, Norway -- PGS has started its Springboard MC3D program in the Ceduna sub-basin, offshore South Australia. The Springboard MC3D has significant industry support and is being acquired by the Ramform Sovereign, a PGS seismic vessel that utilizes PGS' GeoStreamer technology.
TRONDHEIM, Norway -- Electromagnetic Geoservices (EMGS) has entered into a data licensing agreement with an international oil company worth $8 million for the provision of 3D EM data from EMGS' multi-client data library in the Barents Sea.
KRISTIANSAND, Norway (Bloomberg) -- Exxon Mobil Corp. and OAO Rosneft terminated contracts for five service vessels operated by Norway’s Siem Offshore Inc. and Rem Offshore ASA as sanctions upend plans to explore the Russian Arctic. Siem received termination notices from an Exxon and Rosneft joint venture on contracts for work next year in the Kara Sea for two of its anchor-handling tug supply vessels and a platform supply ship, the Kristiansand, Norway-based company said in a statement. Rem had contracts for two platform-supply vessels terminated, it said in a separate statement. Both companies will receive termination fees, they said.
STAVANGER, Norway -- Statoil has completed its transaction with Wintershall to farm down in Aasta Hansteen, Asterix and Polarled and exit two assets -- the non-core Vega and GjØa fields -- on the Norwegian Continental Shelf (NCS). The transaction will enable Statoil to redeploy around $1.8 billion of capital expenditure for the period from the effective date until the end of 2020.
