Latest News

Quick Plugging of Shut-in Wells at Valhall

Through utilisation of the PWC® (Perforate, Wash & Cement) plug and abandonment method (P&A) on the Valhall field, HydraWell has contributed towards Aker BP executing its plugging programme significantly quicker than planned. Since May 2017, HydraWell has contributed towards plugging 10 shut-in wells on the original drilling platform (DP) at…


Eni Norge: Battery Hybridisation of Stril Barents

Eni Norge AS and Simon Møkster Shipping have reached an agreement to ensure significant reductions in the fuel consumption of the vessel Stril Barents supporting the Goliat field. A system including Shore Power connection and Energy storage (Battery) will be installed on board.The system will provide better control and higher…


Carbon Capture Storage Licence Awarded

The Oil and Gas Authority announced it has awarded its first carbon dioxide (CO2) appraisal and storage licence as an independent regulator.The award has been made to Pale Blue Dot Energy (Acorn) Ltd (PBD) for the Acorn Carbon Capture and Storage (CCS) Project. The project seeks to re-use existing oil…


Sapura Energy Berhad: Award of Contract for ONGC KG-DWN-98/2 Nelp Block in India from Oil and Natural Gas Corporation Limited (OGNC)

The Board of Directors of Sapura Energy Berhad announced that its wholly-owned subsidiary, Sapura Fabrication Sdn Bhd jointly in a consortium with Afcons Infrastructure Limited, the flagship Engineering Procurement Construction infrastructure arm of the Shapoorji Pallonji Group, has been awarded with a contract for Offshore Process Platform (Central Processing Platform…


Chevron Announces $20 Billion Capital and Exploratory Budget for 2019

Chevron Corporation announced a 2019 organic capital and exploratory spending program of $20 billion.Details of the 2019 Capital and Exploratory Spending Program can be found here.In the upstream business, approximately $10.4 billion is forecasted to sustain and grow currently producing assets, including $3.6 billion for the Permian and $1.6 billion…


Tower Resources: Cameroon Drilling Contract for the Proposed NJOM-3 Well

Tower Resources plc, the oil and gas company with its focus on Africa, announced that its wholly owned subsidiary, Tower Resources Cameroon S.A, has signed a contract with Vantage Drilling International for the Topaz Driller jack-up rig to provide drilling operations for the NJOM-3 well which is planned for Tower’s…


Premier Oil: Completion of the Babbage Area Sale & Operations Update

Completion of the Babbage Area salePremier announced that following receipt of necessary approvals, the sale of its interests in the Babbage Area to Verus Petroleum SNS Ltd (Verus) has now completed.Premier has received £30.3 million ($38.7 million), after adjustments for Babbage cash flows collected by Premier since the effective date…


Ophir Provides an Update on Recent Drilling Activity in Indonesia and Thailand

Paus Biru Gas Discovery, Sampang PSC, IndonesiaThe Paus Biru-1 exploration well has resulted in a gas discovery. The well was drilled to a total measured depth (MD) of 710 metres and encountered 29 metres of estimated net pay within the target Mundu formation carbonate reservoir.A drill stem test (DST) taken…


Neptune Energy Submits 'Decision to Continue' Report for Cara Project

Subsea tieback solution to Gjøa platform proposed for Norwegian North Sea oil and gas development.Neptune Energy and its licence partners have submitted the Decision to Continue (BoV) report for the Cara project to the Ministry of Petroleum and Energy. The licence partnership will now progress its technical and economic plan…


McDermott Signs up Aqualis Offshore

Aqualis Offshore has entered into a master services agreement with McDermott Asia Pacific Sdn Bhd (McDermott) to provide engineering reviews and marine warranty services for the company’s offshore operations in the Asia Pacific region.The agreement is valid for five years and covers five countries, including Singapore, Vietnam, India, Myanmar and…


Nordic American Offshore Ltd. – Term Employment for One Ship

Nordic American Offshore Ltd (NAO) has been awarded a one-year fixed contract for the Platform Supply Vessel (PSV) “NAO Power” (2013).Commencement will be in early December 2018. The contract also has two 3-months options after the initial firm period.“NAO Power” will be operating above all in the North Sea for…


Offshore Ambition Bonds Port of Blyth & New Tenant Texo CFS

Port of Blyth has announced it will soon be welcoming another new client to its offshore energy hub once a brand new £0.7m facility at its South Harbour terminal for fabricating specialists Texo CFS is completed.Known as one of the UK’s leading offshore energy support bases, the Port has developed…


Transocean Ltd. Closes the Acquisition of Ocean Rig UDW Inc.

Transocean Ltd. announced that it has completed the acquisition of Ocean Rig UDW Inc. The acquisition adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specification ultra-deepwater drillships currently under construction to Transocean’s existing fleet.


CGX Energy and Frontera Announce Strategic Guyana Joint Venture Agreement

CGX Energy Inc. and Frontera Energy Corporation announced that they have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned and operated by a subsidiary of CGX. The agreement also provides financial support as…


Maersk Drilling and Seapulse Enter Alliance to Execute Global Exploration Drilling Programme

Maersk Drilling A/S and Seapulse Ltd. have signed a Master Alliance Agreement under which Maersk Drilling will provide fully integrated services, including provision of drilling rigs, related drilling services, well services, and other goods and services, for a global offshore oil & gas exploration drilling programme of 12 wells. The…


Hibiscus Petroleum Corporate & Business Update

Hibiscus Petroleum Berhad carried out significant activities in 2018 which included: i) Completion of the acquisition of a 50% participating interest in the North Sabah Enhanced Oil Recovery Production Sharing Contractin Malaysia and commencement of operations of this second producing asset effective 1 April 2018 under the operatorship of the…


Equinor and its Partners Boosting Vigdis

The subsea field Vigdis has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 million barrels.Equinor and its partners have decided to invest some NOK 1.4 billion in Vigdis boosting station, expected come online in the first quarter…


Bibby Offshore Becoming Rever Offshore

Bibby Offshore has been undertaking a full rebranding process following its transition to new ownership earlier this year.From 16 January 2019, the company will officially hand back the Bibby Offshore name and will be known thereafter as Rever Offshore.The company will continue to offer the same high levels of service…


Drilling Permit for Well 35/11-22 S in Production Licence 248 C

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 35/11-22 S, cf. Section 15 of the Resource Management Regulations.Well 35/11-22 S will be drilled from the Deepsea Bergen drilling facility in position 61°5'2.27"N and 3°20'56.92"E after completing the drilling of wildcat well 6407/11-1 for Equinor…


Drilling Permit for Well 7132/2-1 in Production Licence 857

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 7132/2-1, cf. Section 15 of the Resource Management Regulations.Well 7132/2-1 will be drilled from the West Hercules drilling facility in position 71°51'55.87"N and 32°25'56.42"E after concluding the drilling of appraisal well 7122/7-7 S for Eni Norge…