Offshore ///

Wood Mackenzie reports results of GOM lease sale

The U.S. Gulf of Mexico region wide Lease Sale 249 was held today, Aug. 16, 2017. It attracted 99 bids from 27 participating companies, with high bids totaling $121 million.

COSCO Shipping transports Shell's Appomattox hull

COSCO Shipping Specialized Carriers successfully loaded Shell's 40,335-mt Appomattox hull on board the M/V Xin Guang Hua nearby Geoje Island, South Korea, on Aug. 6, 2017.

Transocean to acquire Songa Offshore SE

Transocean Ltd. has reached an agreement with Songa Offshore SE, whereby it will, subject to certain conditions, make a Voluntary Exchange Offer to acquire 100% of the issued and outstanding shares of Songa Offshore, including shares issued before expiry of the offer period as a result of the exercise of warrants, convertible loans and other subscription rights.

Philippines weighs China energy deal in disputed South China Sea

The Philippines is considering potential ways to jointly develop oil and gas resources with China in a disputed part of the South China Sea, according to Foreign Affairs Secretary Alan Peter Cayetano.

Azinor Catalyst spuds well on Partridge Prospect in the UK North Sea

Azinor Catalyst Limited, the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, is pleased to announce that the 14/11a-2 well on the Partridge Prospect, was spudded at approximately 6:30 a.m. on Aug. 15, 2017, using the Ocean Guardian semisubmersible drilling rig.

BP announces start-up of two major upstream projects

BP has confirmed the start of production from another two of the seven major upstream projects that it expects to come online in 2017. Five of these seven projects have now started up.

Abrado Wellbore Services completes first Gulf of Mexico run with new marine riser scraper tool

Abrado announced today that it has completed its first run with the new Maximo marine riser scraper tool for a major operator in the Gulf of Mexico.

The Buchan Alpha oil production vessel arrives at Veolia, Peterson decommissioning facility

The Repsol Sinopec Resources UK, Buchan Alpha oil production vessel, weighing 12,000 tonnes, arrived safely in Lerwick, Shetland, on Aug. 12-13. Decommissioning of the facility is being managed by Veolia and Peterson and is believed to be the first major North Sea floating production vessel facility to be disposed of in Scotland.

Nabors agrees to acquire Tesco Corp. in all-stock transaction

Nabors Industries Ltd. has announced that the company has signed an arrangement agreement to acquire all of the issued and outstanding common shares of Tesco Corporation.

Petrobras discovers oil accumulation in Campos basin pre-salt layer

Petrobras has reported the discovery of oil accumulation in the Campos basin’s pre-salt layer, in the area of Marlim Sul field.

Ocean Power Technologies establishes Houston presence

Ocean Power Technologies, Inc. has announced that it has established a presence in Houston, Texas to more effectively support the company’s oil & gas business development activities.

Aker BP awards lease of semisubmersible to Odfjell Drilling

Aker BP ASA has awarded an agreement to Odfjell Drilling for the lease of the semisubmersible drilling rig Deepsea Stavanger for a period of approximately 9 months, with commencement in February 2018.

Euronav says shale boom ends OPEC's power to crush tanker demand

For decades, the world’s largest oil shippers lived in fear of OPEC turning off the taps and causing demand for their vessels to plunge as cargoes dwindled. That’s not how it’s played out this time, according to one of Europe’s biggest supertanker operators.

M2 Subsea secures vessel alliance in Gulf of Mexico

M2 Subsea, the global independent provider of ROV services, has formed an alliance with vessel operator, Harvey Gulf Marine International, to provide subsea ROV services in the Gulf of Mexico.

Atwood Oceanics announces contract for ultra-deepwater rig offshore Africa

Atwood Oceanics, Inc., has announced that one of its subsidiaries agreed to a one well contract at an undisclosed dayrate for operations offshore Northwest Africa with Kosmos Energy Ventures for the ultra-deepwater rig, the Atwood Achiever.

Newfoundland and Labrador shrug off mediocre market, as offshore projects proceed

Kurt Abraham, World Oil

Despite less than ideal oil prices, operators are proceeding with multiple field projects offshore Newfoundland, given their long timeframes. The exploration side of the local industry is also active, while provincial officials consider the next role for the long-serving, Bull Arm fabrication site.

U.S. operators are teed up for a drilling resurgence

Alex Endress, Craig Fleming, Kurt Abraham, World Oil

Drilling activity is noticeably higher, as American drillers climb out from historically low levels.

Parkmead acquires interest in UK North Sea licence containing Farne Extension prospect

Parkmead, the UK and Netherlands focused independent oil and gas group, is delighted to announce that it has completed the previously announced acquisition of a 50% interest in the UK North Sea Licence P.2209. from Verus Petroleum (SNS) Limited, which contains the Farne Extension prospect and a further four prospective leads.

ION acquires first seismic survey offshore Panama in 30 years

ION Geophysical Corporation has announced acquisition is in progress on a new 2D multi-client program offshore Panama. Supported by industry funding, this is the first seismic survey acquired there in approximately 30 years.

Repsol Norge awards four-year P&A contract to Archer

Archer Limited announces a four-year contract for P&A rig operations. The contract scope includes permanent plugging and abandonment of the wells on the Gyda platform operated by Repsol Norge AS.