Offshore ///

Northwest Energy encounters hydrocarbons in Xanadu prospect

Northwest Energy has confirmed that Xanadu-1 has intersected hydrocarbon bearing reservoirs demonstrated by elevated gas readings, oil shows, fluorescence and cut-fluorescence whilst drilling reservoir sections.

New hope for Jersey Oil & Gas’ Verbier well as Statoil recommends side-track

Jersey Oil & Gas has given investors some fresh hope that value could be salvaged from the Verbier exploration well, with news that a side-track is being drilled to test another target.

OMV Norge delineates Wisting discovery in the Barents Sea

OMV (Norge) AS, operator of production licence 537, has completed the drilling of appraisal well 7324/8-3 on oil discovery 7324/8-1 (Wisting) in the Barents Sea.

China's Cnooc in search of partner to develop Mexico's deepwater prospects

Cnooc Ltd. is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach.

Inpex to acquire interest in exploration license PL767 in western Barents Sea

Inpex has announced that through its subsidiary Inpex Norge AS, it has entered into an agreement to acquire a 40% participating interest in exploration license PL767 located in the western Barents Sea, offshore the Kingdom of Norway from Bayerngas Norge.

Xodus Group awarded two ESIA contracts offshore Senegal

Xodus Group has been awarded two Environmental and Social Impact Assessment (ESIA) contracts for projects in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) blocks in Senegal, West Africa.

Azerbaijan, co-venturers sign amended PSA for Azeri, Chirag and deepwater Gunashli

The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and restated agreement on the joint development and production sharing (PSA) for the Azeri, Chirag fields and the deepwater portion of Gunashli field (ACG) in the Azerbaijan Sector of the Caspian Sea.

Wood Group secures subsea contract supporting CNOOC in the South China Sea

Wood Group has been awarded a new contract by China National Offshore Oil Corporation (CNOOC) to support their Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea.

Ashtead Technology signs five-year collaboration agreement with TSC

Global subsea equipment specialist, Ashtead Technology has signed a five-year global collaboration agreement with Technical Software Consultants Limited (TSC), part of Eddyfi Technologies, for its Alternating Current Field Measurement (ACFM) instruments.

Abrado’s chemical system saves rig time with single-trip deepwater fluid displacement in GOM

Abrado announced today that it has completed another successful single-trip deepwater displacement for a major operator in the Gulf of Mexico using its proprietary VeriClean 200X chemical system.

LAGCOE 2017: Connect, explore and discover energy moving forward

Emily Querubin, World Oil

Because Louisiana is home to thousands of energy companies, and is often considered America’s foremost energy hub, the Louisiana Gulf Coast Oil Exposition (LAGCOE) once again will be held at the Cajundome & Convention Center in Lafayette, La., during Oct. 24-26.

Collaboration delivers LWD triple-combo breakthrough for ultra-high-temperature wells

Steven Wacher, Zach Crosby, Tommy L. Binford Jr., Weatherford

As exploration efforts go into deeper, hotter and more remote offshore basins, the need for more advanced downhole drilling and logging tools is palpable. Accordingly, a new LWD toolstring that provides real-time downhole data, while withstanding 410°F temperatures, has been developed and tested in the harsh Gulf of Thailand.

Africa Energy Corp. acquires shares in Namibia

Africa Energy Corp. has announced the acquisition of one-third of the shares in a subsidiary of Pancontinental Oil & Gas N.L. that holds a 30% participating interest in Petroleum Exploration Licence 37 (PEL 37) offshore the Republic of Namibia.

Executive Viewpoint

John Bridges, Association of International Petroleum Negotiators

After spending 36 years in the petroleum industry, I’ve learned much about the intricacies of international petroleum negotiations.

Shell, Petrobras strengthen deepwater partnership in Brazil's pre-salt fields

Royal Dutch Shell and Petrobras signed last week in The Hague, Netherlands, a Memorandum of Understanding (MoU) to establish a long-term mutual collaboration in developing pre-salt fields in Brazil.

Norway oil rouses Wintershall as M&A deals set to gain momentum

When a recovery in crude prices sparks more deals in Norway’s oil industry, BASF SE’s Wintershall AG unit will be among those looking for opportunities.

InterMoor wins mooring contract on BP's Mad Dog 2 project

InterMoor, a leading provider of mooring services, foundation solutions and offshore installations in subsea services group Acteon, has been awarded a service contract with Subsea 7 to provide mooring and tow services for BP’s new Mad Dog 2 project.

Baker Hughes awarded subsea contract for Zohr gas field, offshore Egypt

In a signing ceremony hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company announced a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas field situated in the Mediterranean Sea.

LLOG Exploration begins execution of Buckskin Project in the deepwater Gulf of Mexico

LLOG Exploration Company, LLC, has announced that the Company and all of its working interest partners have taken several key steps to begin execution of the previously-approved Buckskin Project.

BP’s Glen Lyon FPSO classed by DNV GL

DNV GL has awarded class to BP’s Glen Lyon Floating Production Storage and Offloading (FPSO) vessel located West of Shetland.