Offshore ///

Shell divests Gulf of Mexico assets for $425 million plus royalty interests

Royal Dutch Shell plc, through its affiliate Shell Offshore Inc. (Shell), today announces it has an agreement to sell 100% of its interest in Gulf of Mexico Green Canyon blocks 114, 158, 202 and 248, referred to as the Brutus/Glider assets, to EnVen Energy Corp., through its affiliate EnVen Energy Ventures, LLC.

ONS gets underway with high-profile speakers, but attention focuses on Petrobras head

The Offshore Northern Seas (ONS) conference (as well as the exhibition) got underway on Monday morning with an opening session that was loaded with high-profile governmental and industry personalities.

ONS 2016: Cubility improves transportation of drilling waste with CubeLink

Norwegian-based Cubility AS, a provider of solids control solutions, has launched an innovative new technology that dramatically improves the transportation of drilling waste, CubeLink.

Development costs on the Norwegian shelf cut by nearly half

The price tag for developing a field on the Norwegian shelf has declined by an average of more than 40% since the autumn of 2014, according to the Norwegian Petroleum Directorate's (NPD) analysis of eight planned developments that are approaching start-up.

ONS 2016: Successful use of new version CircSub offers improved performance in Norway

An upgraded version of a popular multi-cycle circulating sub from Churchill Drilling Tools, which has been successfully deployed offshore Norway, is providing operators in the region with access to significant performance and productivity gains.

ONS 2016: International research of the E&P Sound & Marine Life JIP

In recent years, there has been increasing attention on anthropogenic sound in the marine environment, including those associated with oil and gas industry activities. Robust research is key to truly understanding any potential impact of these and other marine activities, and implementing appropriate mitigation measures.

Keppel to deliver Bumi Armada’s first North Sea FPSO

Keppel Shipyard, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), is on track to deliver a floating production storage and offloading (FPSO) vessel to Armada Kraken Pte Ltd, a wholly owned subsidiary of Bumi Armada Berhad.

GustoMSC introduces new harsh environment semisubmersible series

GustoMSC has launched a new harsh environment semisubmersible series—the OCEAN-HE.

Wood Group secures subsea tie-back detailed design scope with Statoil

Wood Group has been awarded the detailed design scope of the subsea tie-back from Utgard gas and condensate field to the Sleipner facilities, in the Norwegian North Sea.

Statoil trims $2.9 billion off Johan Sverdrup cost as output boosted

Statoil lowered development costs for the start-up at its giant Johan Sverdrup oil field by $2.9 billion and raised the estimated initial output by 16% after intensifying drilling and streamlining operations.

ONS 2016: The synergy between sand control screens and inflow control devices

In the pursuit of additional hydrocarbon reserves and increased oil production, operators continue to look to challenging reservoirs, such as the high permeability, high productivity, clastic reservoirs that can be found in hydrocarbon basins around the world.

EMGS reports prefunding for multi-client acquisition in Barents Sea

Electromagnetic Geoservices (EMGS) has entered into a data licensing agreement with a repeat customer for 3D EM data to be acquired over the Hoop area in the Barents Sea.

Mærsk Gallant drills to record depths on Norwegian shelf

With a total depth of 5,941 m, Mærsk Gallant has beaten the record for deepest well ever drilled on the Norwegian continental shelf.

Israel announces first offshore energy exploration licensing round, IHS Markit says

The Israeli Ministry of Infrastructures, Energy and Water Resources (MIEWR), the government agency responsible for overseeing all petroleum-related activities in Israel, plans to host a road show in September 2016 for promotion of the country’s first offshore energy licensing round, IHS Energy said today.

Statoil secures lifetime extension for Gullfaks B

The Norwegian Petroleum Directorate (NPD) has given the go-ahead for using the B platform on Gullfaks field in the North Sea until Jan. 1, 2036, which corresponds to the length of the production license.

Hansa Heavy Lift transports giant pipe racks for new FPSO

Hansa Heavy Lift has transported five pipe racks and three modules, weighing a total of 1,871.51 metric tonnes and measuring 24,075 m³, for a new floating production storage and offloading (FPSO) unit off the coast of Brazil.

Fram C East satellite starts production to Troll C platform

Statoil has started production from the Fram C East satellite development offshore Norway. The development is targeting recoverable resources estimated at 18.2 MMbbl of oil and 1.6 Bcm of gas.

Seadrill profit beats estimates as debt restructuring looms

Seadrill, the offshore drilling company controlled by billionaire John Fredriksen, beat earnings estimates after slashing costs while continuing talks with creditors.

West Orphan basin, offshore NL, holds 25.5 Bbbl of oil and 20.6 Tcfg, study finds

The government of Newfoundland and Labrador, Nalcor Energy and Beicip-Franlab announced Wednesday that the in place oil and gas resource potential is 25.5 Bbbl of oil and 20.6 Tcfg in the West Orphan basin located within the area of the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) 2016 Eastern Newfoundland Call for Bids.

Gulf of Mexico Lease Sale 248 yields just $18 million in high bids

NEW ORLEANS, Louisiana – The U.S. Bureau of Ocean Energy Management (BOEM) said Wednesday that Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area.