Offshore ///

TGS and PGS announce fourth 3D seismic project offshore eastern Canada

TGS and Petroleum Geo-Services (PGS) announce the fourth 3D seismic project offshore Eastern Canada for 2017. Long Range 3D will comprise approximately 9,100 km2 of 3D GeoStreamer data in the Eastern Newfoundland region.

GE Oil & Gas and Alpha Petroleum to partner on North Sea’s Cheviot oil field

Alpha Petroleum, which is backed by upstream oil and gas investment firm Petroleum Equity, today announces an agreement with GE Oil & Gas to partner on the advancement of the subsea infrastructure for the Cheviot oil field, one of the largest undeveloped fields in the UK North Sea with 55 MMbbl of oil and 20 MMboe of future gas production.

Shell announces start of deepwater production at newest FPSO in Santos basin

Royal Dutch Shell plc, through its subsidiary BG E&P Brasil Ltda. (Shell) and consortium partners in Lula South, announce today that deepwater production has started at the FPSO P-66, which is located in the Brazilian pre-salt of the Santos basin.

TWMA secures projects with Maersk Oil UK

International environmental solutions provider, TWMA, has been awarded two new projects with Maersk Oil UK in the Central North Sea.

First oil expected from Kraken in June, says EnQuest CEO

EnQuest CEO Amjad Bseisu said that Kraken is 'on track' for first oil by the end of June.

Wood Group signs long-term, global agreement with Hess Corp.

Hess Corporation has signed a non-exclusive, 10-year global agreement with Wood Group to provide engineering, project management, construction, commissioning, operations & maintenance, integrity management, subsea, and decommissioning services.

Faroe Petroleum reports drilling of Brasse appraisal well in Norwegian North Sea

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to announce the commencement of the Faroe-operated Brasse appraisal well 31/7-2S in the Norwegian North Sea (Faroe 50%).

Trump proposes $204.9 million budget for BSEE in 2018

President Donald Trump has proposed a $204.9 million Fiscal Year (FY) 2018 budget for the Bureau of Safety and Environmental Enforcement (BSEE).

Exxon Mobil awards contract extension for Maersk Viking drillship

Maersk Drilling has been awarded a contract extension for the ultra-deepwater drillship Maersk Viking, by oil major Exxon Mobil. The estimated value of the contract extension is $22.5 million, with a duration of 150 days.

Tycoon hopeful for Xi, Duterte energy deal in South China Sea

One of the most prominent tycoons in the Philippines is increasingly optimistic that President Rodrigo Duterte can strike a deal with China to share oil and gas deposits in a disputed part of the South China Sea.

Subsea Systems Institute launches digital upstream project

The Subsea Systems Institute (SSI) announces that, in partnership with Endeavor Management and World Oil, it will sponsor an industry-based initiative focused on adapting the broad area of digitalization to the upstream oil and gas industry.

Statoil to start producing from Norway's Gina Krog field

The Norwegian Petroleum Directorate has granted consent for start-up of production from the Gina Krog field in the North Sea, and the operator—Statoil—is planning start-up in late June 2017.

Seadrill stock jumps 26% as debt talks progress

Seadrill stock jumped 26% as the offshore driller said it’s getting closer to a solution to restructure the industry’s heaviest debt load.

Mexico oil reform advances with first private well in 80 years

For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters -- the latest step in the country’s drive to allow foreign competitors back into its energy markets.

Jadestone Energy withdraws from Bone PSC, offshore Indonesia

Jadestone Energy Inc. has announced, in line with the Company’s strategy, its withdrawal from the Bone production sharing contract offshore Indonesia, a further key step in releasing the company from non-strategic exploration assets.

Eni starts production from Cape Three Points block, offshore Ghana

Eni has launched production from the Integrated Oil & Gas Development Project, in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, in just two and a half years, and three months ahead of schedule, reaching another record time-to-market.

Premier Oil JV spuds Zama-1 exploration well, offshore Mexico

Premier is pleased to announce that the Zama-1 exploration well in Block 7 (Premier equity 25%) in the shallow water Sureste basin, offshore Mexico, was spudded on May 21, 2017.

Wood Group secures contract with Sakhalin Energy

Wood Group has secured a services contract with Sakhalin Energy, an operator of Sakhalin-2; one of the world’s largest integrated oil and gas projects.

BP starts production from Quad 204 project, west of Shetland

BP announced first oil from the redeveloped Schiehallion Area, following completion of the Quad 204 project in the west of Shetland region, offshore UK.

Petrobras starts production on platform P-66 in Santos Basin's pre-salt Lula Field

Petrobras and its partners in the BM-S-11 Consortium have started producing oil and natural gas from the Santos Basin’s pre-salt Lula Sul field.