Offshore ///

North Sea tax measure to unlock upstream UKCS investment, says Oil & Gas UK

Chancellor Philip Hammond today announced a tax measure that will unlock further investment in the UK North Sea by enabling more assets to change hands and allow new owners to provide fresh investment in many mature oil and gas fields.

Siccar Point Energy farms out Lyon prospect

Siccar Point Energy E&P Limited (SPE) is pleased to announce that it has entered into a farmout agreement with Ineos UK SNS Limited (Ineos) covering two exploration licences (P.1854 and P.1935) in the West of Shetlands area, containing the significant Lyon prospect.

Installation of SM 71 F platform complete, offshore Louisiana

Otto Energy Ltd has advised that the operator of the South Marsh Island 71 (SM 71) oil and gas development (Byron Energy Limited) has confirmed that installation of the jacket and decks comprising the SM 71 F platform is now complete.

Industry's growing optimism reflected in 30th offshore licensing round

The Oil and Gas Authority has received 96 applications for 239 blocks in the 30th offshore oil and gas exploration license round.

Lundin announces non-commercial gas discovery on Hufsa prospect

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has completed the drilling of exploration well 7219/12-2 on the Hufsa prospect in PL533 in the southern Barents Sea. A non-commercial gas discovery was made in the main well while the sidetrack was dry.

BSEE: Investment in partnership is good for energy dominance

Continuing to spread his message of partnership, Bureau of Safety and Environmental Enforcement Director Scott A. Angelle traveled to the west coast. Angelle participated in meetings with BSEE staff, industry, Air Force leadership, and other stakeholders Tuesday and Wednesday in California.

BP to sell Bruce assets to Serica Energy

BP has agreed to sell a package of its interests in the Bruce assets in the North Sea to Serica Energy plc. BP currently operates the assets, which comprise Bruce, Keith and Rhum fields, three bridge-linked platforms and associated subsea infrastructure.

Danos completes water injection piping fabrication for offshore platform in West Africa

Danos has completed water injection piping work for an offshore platform operated by a major oil and gas producer subsidiary off the coast of Equatorial Guinea.

Expro secures $5-million well testing contract in UK North Sea

Leading international oilfield services company, Expro, has been awarded a five-year contract extension for surface well testing services across several assets for an operator in the UK North Sea.

ONGC Videsh acquires 15% interest in Cooper Block, offshore Namibia

Eco (Atlantic) Oil & Gas Ltd., is delighted to announce that ONGC Videsh, through its wholly owned subsidiary ONGC Videsh Vankorneft Pte. Ltd. (OVVL), has entered into agreement with Tullow Namibia Limited whereby OVVL will acquire a 15% working interest in the Cooper Block.

Maersk Drilling enters into alliance agreement with Aker BP

Maersk Drilling has entered into a jackup alliance agreement with Aker BP ASA (Aker BP).

Well-centric awarded North Sea well integrity contract with Chrysaor

Well-Centric, a leading independent specialist operating in the well integrity and production technology sectors of the oil and gas industry, has secured a contract worth up to £300,000 per year with independent exploration and production company, Chrysaor.

Wintershall deploys Emerson's wireless downhole monitoring system

Emerson’s latest Roxar Downhole Sensor System has been deployed on the Maria field offshore Norway, providing the field’s operator Wintershall with improved well integrity monitoring and offshore safety.

Norway's oil bosses insist end isn't nigh after $35-billion shock

Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible.

Caterpillar acquires ultrasonic impact technology capabilities

Through its recent acquisition of Applied Ultrasonics, Progress Rail, a Caterpillar company, now offers ultrasonic impact technology (UIT).

Highland's Ocean Rig bet: Fail in Caymans? Try the Marshalls

A battle of so-called bankruptcy tourists has erupted in New York court, with unclear consequences for global companies and their bondholders.

Consent granted for start-up of production from Maria field

The Norwegian Petroleum Directorate has granted consent for start-up of production from the Maria field in the Norwegian Sea.

Rosneft drills world's longest well in Sakhalin

Rosneft, as a member of Sakhalin-1 Consortium, successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk.

Norbit acquires field monitoring specialists Aptomar

Norwegian technology group Norbit has acquired field monitoring specialist Aptomar.

Well-Safe Solutions secures its first contract with TAQA Bratani

Well-Safe Solutions has signed its first contract after launching in July this year.