Alta Mar Energy, an upstream company focused on non-operated oil and gas investments in the U.S. Gulf of Mexico, on Tuesday announced the closing of an equity commitment from investment funds managed by Carnelian Energy Capital Management, L…
China's top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada, and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said.Ties…
British North Sea-focused oil and gas producers, Oranje-Nassau Energie (ONE) and Dyas, have agreed to merge to expand production, the privately-owned companies said on Thursday.The merged group, ONE-Dyas, will operate alongside a group of of…
American global independent energy company Hess Corporation announced a tenth discovery offshore Guyana at the Pluma-1 well on the Stabroek Block.The company engaged in the exploration and production of crude oil and natural gas said that as…
OGTC is conducting trials using EonCoat on Total and Nexen platformsIn a collaborative effort, designed to improve vital protection of offshore assets, the Oil & Gas Technology Center (OGTC) is successfully conducting trials of an advanced anti-corrosion coating on two North Sea offshore platforms…
Maersk Drilling’s ultra-harsh environment jack-up Maersk Innovator is now heading for operation at the Buzzard field in the Central North Sea following a six-week yard stay at Invergordon, during which main contractor Semco Maritime has extended…
Winners of the 2018 Offshore Achievement Awards were announced last night {22 March} in a celebration of industry talent, innovation and enthusiasm.The Society of Petroleum Engineers (SPE) Aberdeen Section revealed the 11 winners to an audience of more than 450 people…
Finalists for this year's Offshore Achievement Awards, hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, have been revealed today. The annual awards recognise the best talent, performance and innovation in the industry…
UK operators have gone a long way to reducing their costs and are even starting to look at investment, delegates attending the Oil & Gas UK Share Fair in Aberdeen early November learned. Elaine Maslin reports (First published in the December 2017 OE…
Nexen Petroleum UK has awarded Maersk Drilling a contract for the drilling of three wells and options for nine additional wells at the Buzzard field in the Central North Sea. The drilling campaign is for the Buzzard Phase II Development Project and is planned to commence around July 2018…
Hurricane Energy has been given approval to move forward with its West of Shetland fractured basement Lancaster field early production system (EPS). The Lancaster EPS is a two-well tieback to a floating production, storage and loading facility…
Uruguay's Ministry of Industry, Energy and Mining (MIEM) and national oil firm ANCAP have launched the Uruguay Round 3, an offshore licensing round. Image from iStock. Seventeen…
COSL Drilling Europe received a letter of intent (LOI) from Nexen Petroleum UK to carry out plugging and abandonment (P&A) work at the Ettrick and Blackbird fields in UK. The work, which will be conducted by the semisubmersible, COSLPioneer…
Fractured basement explorer Hurricane Energy is set to raise US$520 million to help it fund its Lancaster early production system (EPS), west of Shetland. The cash would be through a $300 million in a share placing and a further $220 million in a convertible bond offering…
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