Offshore ///

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.

Saudi March oil exports reach 9-year high in market push

Saudi Arabia shipped more crude in March than in any month since November 2005 as the world’s biggest oil exporter battled for market share amid a global glut.

JP3 launches vapor pressure analyzer to ensure low crude volatility during transport

JP3 Measurement announces the launch of the industry’s first in-line, field deployable, optical vapor pressure analyzer - the Verax VPATM. For the first time, operators can measure vapor pressure in condensate and crude oil in real time with no sample conditioning.

PGS kicks off 2D survey offshore Mexico

Petroleum Geo-Services commenced operations on a multi-client 2D seismic program offshore Mexico on May 16.

Lundin secures production license for Russia’s Morskaya field

Lundin Petroleum has announced that Rosnedra, the Russian licensing authority, has issued a production license for Morskaya field.

TGS announces major 2D survey offshore Mexico

TGS has announced Gigante, a 181,500 km regional 2D seismic survey in the Gulf of Mexico.

OMV Petrom says low oil price hurt profit, may reduce investment

OMV Petrom SA, Romania’s biggest oil company, said its first-quarter profit fell 68% from a year earlier due to lower oil prices and warned it may be forced to reduce investment and production through 2017.

Senators introduce bills to increase states’ share of oil and gas revenues

U.S. Sens. Lisa Murkowski, R-Alaska, Bill Cassidy, R-La., and Tim Scott, R-S.C., have introduced separate proposals to increase energy production on the Outer Continental Shelf (OCS) and increase revenue sharing with states that support offshore energy production activities.

Anadarko said ready to name CB&I for Mozambique LNG project

Anadarko Petroleum is poised to select a construction team led by Chicago Bridge & Iron (CB&I) as its main contractor for a potential $15 billion Mozambique liquefied natural gas project, according to people familiar with the matter.

Suncor comes up dry with North Sea appraisal well

STAVANGER, Norway -- Suncor Energy Norge AS, operator of production license 375, has completed drilling of appraisal well 34/4-14 S in the oil discovery 34/4-11.