Latest News

Captain Field Development Plan Approval

Chevron North Sea Limited (CNSL), operator of the Captain Field, announced that the Oil and Gas Authority (OGA) has approved the Field Development Plan (FDP) to progress its Captain Enhanced Oil Recovery (EOR) project in the U.K. Central North Sea.Through the application of polymer injection technology, the Captain EOR project…


Canada-Nova Scotia Offshore Petroleum Board Issues Call For Bids

The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has issued Call for Bids NS18-3, which includes two industry-nominated parcels. Bids must be received by May 8, 2019 before 4:00 p.m. Atlantic Time. Successful bidder(s) may be awarded Exploration Licences (ELs), subject to the federal and provincial Ministerial review and approval process…


Eni Announces a New Oil Discovery in Block 15/06, Offshore Angola

Eni struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery is estimated to contain between 170 and 200 million barrels of light oil in place.The Afoxé-1 NFW well, which has led to the new oil discovery, is located in the south-east…


Eni Announces the Start-up of Vandumbu Field in Block 15/06, Offshore Angola

Eni started production from the Vandumbu field in Block 15/06, approximately 350 km North West of Luanda and 130 km West of Soyo, through West Hub N’Goma FPSO.First oil from the Vandumbu field was achieved on late November 2018, three months ahead of schedule. This, along with the start-up of…


GC Rieber Shipping: Shearwater GeoServices Awarded Projects Equivalent to 8 Vessel Months

GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices has been awarded projects equivalent to 8 vessel months in the Arabian Sea.Eni Oman BV in partnership with Oman Oil Company Exploration and Production has awarded Shearwater a seismic survey in Block 52, offshore Oman. The survey, due to commence…


Drilling Permit for Well 36/1-3 in Production Licence 885

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 36/1-3, cf. Section 15 of the Resource Management Regulations.Well 36/1-3 will be drilled from the Transocean Spitsbergen drilling facility in position 61°48'14.14"N and 4°6'53.41"E.The drilling programme for well 36/1-3 relates to the drilling of wildcat wells…


Vår Energi Established As Norway’s New, Leading E&P Company

On 10 December, after receiving appropriate approvals, the merger between Point Resources AS and Eni Norge AS has concluded. The two companies have joined forces to create Vår Energi AS, with a new organisation of about 800 employees.Vår Energi is the largest independent exploration and production (E&P) company on the…


Neptune Energy Completes Integration of VNG Norge

Neptune Energy Norge takes operatorship and equity in Fenja fieldNeptune Energy announced it has completed the integration with the former VNG Norge business. The integrated business, 'Neptune Energy Norge', will be amongst the top five independent producers on the Norwegian Continental Shelf(1) and will become the operator of the Fenja…


Equinor Completes Sale of Non-core Asset on UK Continental Shelf

Equinor and Verus Petroleum have completed their previously announced transaction, whereby Equinor has sold its 17% non-operated interest in the Alba oil field.Alba is located in the Central North Sea. Equinor’s equity production in 2017 was around 2,300 barrels of oil a day.


Akastor ASA: First Geo and AGR Combine to Create Leading Provider of Well, Reservoir and Software Services

Akastor ASA, through its wholly owned subsidiary Akastor AS, has entered into agreements with Silverfleet Capital, DNB Bank ASA and Nordea Bank Abp, filial i Norge to combine AGR Bidco AS with First Geo AS. The Transaction will be carried out primarily as an asset deal, whereby assets in the…


Azinor Catalyst: Operational Update and LOI Received for Acquisition of Interests in Three Planned Exploration Wells

Azinor Catalyst Limited, the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, announced that it has received a Letter of Intent (“LOI”) for the acquisition of material non-operated interests in three exploration wells planned for 2019 on Catalyst’s Boaz, Goose and Hinson prospects. The three independent prospects…


Nexans Strengthens its Focus on Inspection, Maintenance and Repair (IMR) Services with a Dedicated Team of IMR Experts

The world relies increasingly on high voltage offshore cable connections to ensure the continuous and reliable flow of power. As these critical connections grow longer and with higher capacity, there is an increasing statistical risk of them being damaged by external factors, such as fishing activities. To address these challenges…


Wello Launch Penguin WEC2 for H2020 CEFOW Array

Finnish wave energy developer, Wello Oy, have launched the next iteration of their Penguin wave energy converter (WEC) into the water in Tallinn, Estonia, as part of the CEFOW (Clean Energy From Ocean Waves) project.The Penguin WEC2 is due to be towed to the European Marine Energy Centre (EMEC) in…


Qatar Petroleum Signs an Exploration Agreement Marking its First Entry into the Republic of Mozambique

Qatar Petroleum entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in the Republic of Mozambique.The agreement is subject to customary regulatory approvals by the government of Mozambique. Following such approval, the various partners…


Coro Energy Plc: Joint Technical Study, Offshore Malaysia

Coro announced that it has agreed with Petroliam Nasional Berhad ("PETRONAS") to conduct a joint technical study over Block 2A, Offshore Malaysia.The Block 2A Joint StudyUnder the terms of the Study Coro will have permission to conduct an extensive technical analysis of the acreage, thereafter Coro will have the option…


Eni Announces the Entry of Mubadala Petroleum and BP as New Partners in Nour Concession in Egypt

Eni announced that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour North Sinai Offshore concession, Egypt, have now been approved by the Egyptian Government. The transactions were approved during a ceremony…


Siemens Wins Order for its Largest Offshore Grid Connection in the UK to date

Siemens has been awarded an order to connect the 950MW Moray East offshore wind farm to the grid.Moray East is being developed by a joint venture company owned by EDP Renewables, a subsidiary of the Portuguese utility Energias de Portugal, ENGIE, a global energy and services group based in Paris,…


Siemens Supplies World's First Lithium-ion Battery Solution for Offshore Drilling Rig

The long-term sustainability of the offshore oil and gas sector is predicated on reducing costs and minimizing projects' environmental impacts. Drawing off its extensive experience in the electrification of marine assets, Siemens has taken a significant step on the way to helping the industry achieve those goals by supplying the…


Green Light to Uniquely Profitable Project

The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development. Capital expenditures of NOK 7.8 billion will help extend the productive life of the Troll field beyond 2050.A unique oil and gas field globally Troll generates highly important to…


Sparrows Signs Five-year Servicing Order with Pemex Procurement International, Inc.

Sparrows Group has signed a five-year blanket order with Pemex Procurement International, Inc. acting on behalf of Pemex Exploracion y Produccion (PEP) to service 41 of its cranes situated on assets in four of the Mexican national oil company’s developments in the region. As the original equipment manufacturer (OEM), the…