Offshore ///

Maersk Invincible becomes world's first shore-powered jack-up

On May 28, 2017, the Maersk Invincible became the world's first harsh environment jack-up drilling rig to operate entirely on shore-power.

ION expands West African 2D data library with new acquisition offshore Gabon

ION Geophysical Corporation has announced a new 2D multi-client program offshore Gabon, EquatorSPAN II, in cooperation with the Gabon Ministry of Petroleum and Hydrocarbons, Direction Général des Hydrocarbures of Gabon (DGH).

Cook Inlet Federal Lease Sale yields more than $3 million in high bids

Cook Inlet Lease Sale 244 -- the first lease sale held in Alaska’s federal waters since 2008 -- garnered $3,034,815 in high bids for 14 tracts covering roughly 76,615 acres in Cook Inlet, off south-central Alaska. All bids were submitted by Hilcorp Alaska LLC.

McDermott awards major Trinidad and Tobago contract to PJ Valves

PJ Valves (PJV) and PJ Piping (PJP), the specialist manufacturers and suppliers of valves and piping components for the global energy industry, have been awarded a major contract by McDermott International Inc. to supply valves and piping elements for an offshore project in Trinidad and Tobago.

SBM Offshore secures contracts for next phase of Exxon Mobil's Liza project

SBM Offshore is pleased to announce that Exxon Mobil has formally confirmed the award of contracts for the next phase of the Liza project in Guyana. Under these contracts, SBM Offshore will construct, install, lease and operate a floating production, storage and offloading vessel (FPSO).

Storm Cindy bears down on Gulf coast after curbing oil and gas operations

Tropical Storm Cindy has curbed energy production in the GOM, disrupted shipping and forced workers off oil and gas platforms.

Gulf of Mexico Storm Cindy threatens shipping, crude imports

Tropical Storm Cindy has halted service at a major oil terminal in the Gulf of Mexico, prompted some evacuations at rigs and platforms and put states from Texas to Florida on notice for life-threatening floods.

Statoil, Faroe Petroleum announce PDO approval for Njord and Bauge fields

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, notes Statoil’s announcement regarding PDO of Njord and Bauge in the Norwegian North Sea.

Energean submits FDP for Karish and Tanin gas fields, offshore Israel

Energean Oil & Gas has announced that its subsidiary, Energean Israel, has submitted the Field Development Plan (FDP) for the Karish and Tanin natural gas fields, offshore Israel, to the Israeli Petroleum Commissioner.

Expro secures $10-million well services contract extension from Apache North Sea

International oilfield services company Expro has secured a $10-million well services contract extension with Apache North Sea.

Cairn Energy secures interest in two licences offshore Mexico

Cairn has announced that it has secured interests in two licences in the Mexico offshore bid round.

Eni wins big in Mexico's auction of shallow-water prospects

Eni SpA was the biggest winner in Mexico’s latest auction of shallow-water oil prospects.

Iran, Total expect to sign biggest gas deal soon

Iran and France’s Total SA expect to sign a contract to develop part of the world’s biggest natural gas field in the next few weeks in what would be the Persian Gulf country’s first investment by an international energy company since sanctions were eased last year.

Oil tankers store most oil this year as glut refuses to die

Oil traders are resorting to storing more and more oil at sea amid swelling output in the Atlantic region, a sign the market is far from the kind of re-balancing that OPEC would have hoped for when the group set out last year to bring down global stockpiles.

Aker BP drills dry well west of Volund field, North Sea

Aker BP ASA, operator of production licence 150 B, has completed the drilling of wildcat well 24/9-11 S.

Claxton awarded casing cutting, recovery combined services contract with southern North Sea operator

Claxton, a leading supplier of engineering and services for shallow-water, jackup-depth markets in subsea services company Acteon, has been awarded a contract to riglessly casing cut and recover a total of seven wells in the southern North Sea across two of the operator’s, normally unmanned, platforms, along with an additional subsea suspended well at one of the locations.

Aquaterra Energy wins multi-million-pound North Sea abandonment contract

Aquaterra Energy, a leading global offshore engineering solutions provider, has won a major contract to supply subsea high pressure riser (HPR) equipment and services for a subsea abandonment project in the central North Sea.

Exxon Mobil to proceed with Liza oil development, offshore Guyana

Exxon Mobil will proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana.

Maersk Oil North Sea UK receives OGA approval for interest in Scott, Telford fields

RockRose Energy has announced that the OGA has confirmed to RockRose that Maersk Oil North Sea UK Ltd will receive consent from the OGA for the assignment of their interest in licence P218.

Investors snap up assets in a nation where defaults are rife

For a country that has missed several debt payments this year, Mozambique’s assets are performing remarkably well.