Offshore ///

Petrobras abandons Brazil's deepwater Caramba prospect

Brazil’s state-controlled oil company Petroleo Brasileiro SA has abandoned exploration at the Caramba prospect in a deepwater region that holds the country’s biggest discoveries.

UK aims to maximize oil production as onshore wind loses out

The UK aims to maximize domestic oil and gas production and curb the spread of onshore wind farms as the government leans toward maintaining energy security over cutting carbon emissions.

Statoil awards new Oseberg contract to Aibel

Statoil has awarded Aibel the contract to conduct a FEED study for the Oseberg Future Development Brownfield Topside project. The contract gives an opening for the subsequent EPCI contract.

CNOOC reports discovery in Eastern South China Sea

CNOOC Limited has reported a mid-sized discovery, Liuhua 20-2, in the Eastern South China Sea.

Eni in gas, condensates discovery offshore Libya

Eni has made a gas and condensates discovery offshore Libya, in the Bouri North exploration prospect.

Bordelon Marine takes delivery of ultra-light intervention vessel

Bordelon Marine has taken delivery of the M/V Shelia Bordelon, a DP2 Ultra-Light Intervention Vessel (ULIV).

Bentec wins rig and equipment contracts for Caspian Sea and onshore Russia

Drilling rig and oilfield equipment manufacturer Bentec has won three major, multi-million dollar contracts. The company also confirms its further expansion into the offshore market.

New offshore wind blowing in North America: Douglas-Westwood

For the U.S. energy industry, 2014 will be remembered as the year when crude oil prices fell below $50/bbl, resulting in significant realignments in the sector, noted Douglas-Westwood’s DW Monday.

Cue Energy brings Maari MR7A development well online

Cue Energy has initiated production from the Maari MR7A development well, with a provisional initial production rate between 1,500 to 2,000 bopd.

Oil platform in Gulf of Mexico shuts in production after fire

A platform gathering oil in the Gulf of Mexico shut in about 2,200 bopd of output after a compressor caught fire. The Texas Petroleum Investment Co. platform in Breton Sound Block 21, near the southeastern Louisiana coast, evacuated 28 workers without injury after the compressor fire, according to a U.S. Coast Guard.

Coast Guard responds to oil platform fire in Gulf of Mexico

The U.S. Coast Guard is responding to a report of a platform fire near Breton Island, Friday.

Statoil wildcats disappoint in the Norwegian Sea

Statoil Petroleum, operator of production license 348 C, is in the process of completing the drilling of wildcat wells 6407/8-7 and 6407/8-7 A. Both wells have been drilled about 4 km north of Hyme field in the southern part of the Norwegian Sea.

Petronas reports first oil from Indonesia’s Bukit Tua field

Petronas has reached a significant milestone in its upstream operations in Indonesia with first oil achieved from Bukit Tua field on May 17.

Transocean reaches settlement agreements with BP, PSC

Transocean Ltd. has reached two separate settlement agreements, with the Plaintiffs' Steering Committee (PSC) and with BP Exploration & Production Inc. and BP America Production Co.

Petrofac supports Bumi Armada with maintenance build for North Sea FPSO

Petrofac has been awarded a contract to support maintenance management system (MMS) implementation for Bumi Armada’s North Sea bound FPSO, the Armada Kraken.

Exxon Mobil in deepwater oil discovery offshore Guyana

Exxon Mobil Corporation has announced a significant oil discovery on the Stabroek Block, approximately 120 miles offshore Guyana.

Halliburton reaches agreement with BP on Deepwater Horizon claims

Halliburton has reached an agreement with BP Exploration & Production Inc. to resolve remaining issues, which includes indemnities between the parties and dismissal of all claims against each other, relating to the April 20, 2010, Deepwater Horizon well incident in the Gulf of Mexico.

UK Oil and Gas urges cooperation across UKCS

Ardent co-operation across the UK oil and gas industry which draws on the experience of others is important in helping to contain inflationary pressures and achieve a sustainable future for the UK Continental Shelf (UKCS), a London audience heard on May 19, at an Oil & Gas UK briefing, sponsored by Costain Upstream Ltd and Herbert Smith Freehills.

Oil M&A activity likely to pick up during 2016

Oil’s rebound and more certainty around company valuations are keys to driving mergers and acquisitions activity next year given the pent-up demand for deals, bankers said Tuesday at an energy forum in Houston. “The dam will break at some point,” Stephen Trauber, vice chairman and global head of energy at Citigroup Inc., said at the Mergermarket conference.

AVEVA to provide Everything 3D design software to Aker Solutions

AVEVA has entered a multiyear agreement with Aker Solutions for Everything. Aker has selected the software systsem to be its strategic 3D tool on plant design, modification and maintenance projects.