Offshore ///

Strategic opportunities for growth, expansion to be discussed at upcoming EMGC conference

Gulf Publishing Company is pleased to announce that the Eastern Mediterranean Gas Conference (EMGC) will return to the Hilton Cyprus, in Nicosia, Cyprus, on March 21-22, 2018.

Norway illustrates potential of mature basins with record-breaking license awards, says GlobalData

Analysis of Norway’s upstream oil and gas industry shows that the country currently has 887 licensed blocks, of which 529 blocks are in the shallow water terrain and 358 are in deepwater terrain, according to GlobalData, a leading data and analytics company.

Greece's Energean raises $1.27 billion for Israeli gas fields

Energean O&G signed a financing agreement with Morgan Stanley for $1.27 billion to finance development of two natural gas fields off the coast of Israel.

Maersk's Danish exit comes with a $1.2-billion ball and chain

A.P. Moller-Maersk is about to exit the Danish offshore oil industry that it created half a century ago.

Aker BP strikes oil near Alvheim in the North Sea

Aker BP is about to complete drilling of the Frosk exploration well 24/9-12 located near Alvheim in the North Sea. The well has proved oil.

Abrado completes section-milled window utilizing a downhole mud motor

Abrado announced today that it has successfully completed the first casing section milled window utilizing a mud motor to power its patented Medusa expandable dual-string casing section-milling technology to successfully abandon a Gulf of Mexico well.

Statoil contracts West Phoenix to drill in UK, Norway

Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.

ExxonMobil reports seventh discovery offshore Guyana

ExxonMobil Corporation has announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.

Petrobras announces start of binding phase for divestment of Enchova, Pampo clusters

Petrobras, further to the Material Fact disclosed on July 28, 2017, and press release disclosed on Oct. 4, 2017, informs the start of the binding phase regarding the assignment of all of its exploration, development and production rights in Enchova and Pampo clusters, located in Rio de Janeiro state.

ExxonMobil pursues Ghana’s deepwater exploration acreage

Analysis of Ghana’s upstream oil and gas industry shows that the country currently has 21 licensed blocks, of which 14 are in the ultra-deepwater terrain, five are in shallow water, and two in deepwater, according to GlobalData, a leading data and analytics company.

Bibby Offshore successfully completes multi-million-pound contract for BP North Sea

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has successfully completed a contract worth more than £2million for BP in the North Sea.

U.S. said to weigh Venezuelan oil sanctions before April vote

The U.S. is leaning toward imposing oil-sector sanctions on Venezuela before the country holds April 22 elections that opposition leaders have vowed to boycott, according to a senior State Department official.

Subsea 7 awarded EPCI contract for Wintershall's Nova field

Subsea 7 S.A. has announced the award of a sizeable contract by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development.

Aker Solutions wins subsea order for Nova project

Aker Solutions won an order from Wintershall Norge AS to provide the subsea production system, umbilicals and services for the Nova oil and gas field offshore Norway, highlighting the value of early engagement in projects.

UK set to become net crude oil exporter

For all the talk of aging oil fields and shrinking production, the UK is about to achieve a surprising feat: it’s on the brink of becoming a net crude oil exporter for the first time in 14 years.

Statoil reports spud of first well at Oseberg Vestflanken 2

In the early hours of Sunday, Feb. 25 drilling started at Oseberg Vestflanken 2. On the Capital Markets Day on Feb. 7 the project could boast break-even reduction from $34 to $16/bbl.

Africa Energy Corp. announces two-year renewal for exploration offshore South Africa

Africa Energy Corp. has received notice from the Petroleum Agency of South Africa granting a two-year renewal of the Exploration Right for Block 2B offshore the Republic of South Africa.

Deep Sea Mooring commences offshore Trinidad project for Maersk Drilling

Deep Sea Mooring (DSM), a Vryhof company, has commenced operations in providing mooring equipment, design and marine supervisory services to Maersk Drilling in Trinidad.

Schlumberger, Subsea 7 announce intent to form joint venture

Schlumberger and Subsea 7 S.A., have announced that they have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was established in 2015.

Westwood highlights exploration hits, misses of 2017

A new report from Westwood Global Energy Group, the energy market research consultancy, has highlighted 10 potentially commercial discoveries in 2017 considered likely to be more than 100 MMboe.