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Marathon Oil News

 

Amec's Ingen Ideas wins Brae contract

Dec 07, 2015

Marathon Oil has awarded Ingen Ideas, an Amec Foster Wheeler company, a contract worth approximately £8million. The five-year multi-discipline engineering contract covers Marathon Oil’s Brae Complex in the North Sea. The contract started in October 2015 and will run for five years…

Marathon abandons Solomon in Gulf of Mexico

Dec 03, 2015

Houston-based Marathon Oil's Solomon exploration well in the US Gulf of Mexico has been plugged and abandoned after not encountering its lower tertiary target interval. The well reached its total depth of approximately 34,600ft on Walker Ridge Block 225…

Alba B3 ready for Equatorial Guinea

Nov 05, 2015

Heerema Fabrication Group (HFG) has loaded out the Alba B3 jacket and topsides ahead of its sail away to Equatorial Guinea, planned for the end of this month.  The 2000-ton, four-legged jacket, built at the Vlissingen yard in the Netherlands…

Petronas inks rig for Irish drilling

Jun 22, 2015

Petronas subsidiary PSE Seven Heads has agreed a contract to drill on the Midleton prospect offshore Ireland starting in August, according to partner Lansdowne Oil & Gas. PSE Seven Heads, a subsidiary of Petronas' PSE Kinsale Energy will…

Imtech works on Marathon's Alba platform

Mar 23, 2015

Imtech Marine is supplying a heating, ventilation and air conditioning (HVAC) system to the 6000-tonne Alba B3 greenfield compression platform, currently under construction for Marathon E.G. Production. To be located in Equatorial Guinea…

Petronas takes over Celtic Sea block

Feb 20, 2015

Petronas' bid to farm in to a Celtic Sea block offshore south east Ireland has been approaved by the Irish Government - the firm is now firming-up drilling plans. Through its 100%-owned subsidiary Kinsale Energy, the Malaysian firm will…

Low oil prices could persist into 2017

Feb 19, 2015

Centrica has cut its exploration and budget 40% saying that it thinks oil prices will remain low for the rest of 2015 and potentially also into 2016 and 2017.  The comments, made by the firm's CEO Iain Conn, echo BP CEO Bob Dudley's…

First Croatian blocks awarded

Jan 05, 2015

Five companies have been awarded licenses covering 10 exploration blocks in the Adriatic Sea in Croatia's first licensing round. The round had offered 29 blocks in the eastern Adriatic Sea covering a total of 36,822sq km. Bids were received from six companies for 15 exploration areas…

Transocean Winner to drill on Alvheim field

Dec 29, 2014

The Petroleum Safety Authority of Norway (PSA) has given Det norske oljeselskap ASA consent to use the Transocean Winner mobile drilling facility to drill two new subsea production wells on the Alvheim field. The Transocean Winner…

New DNV GL RP for subsea lifting

Dec 01, 2014

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP). The RP developed by DNV GL provides guidance on the proper design and correct operation…

Woodside increases Morocco assets

Nov 26, 2014

Woodside has entered into a contract for an exclusive Reconnaissance License (RL) with the Office National des Hydrocarbures et des Mines, the national oil company of the Kingdom of Morocco, to explore a block offshore Morocco. The block…

Marathon Oil Norge sale complete

Oct 15, 2014

Houston-based Marathon Oil Corp. announced today it has closed the transaction with Det norske oljeselskap for the sale of Marathon Oil Norge for a total transaction value of US$2.7 billion. After adjustment for debt, net working capital and interest on the net purchase price…

Maersk Drilling names fourth UDW drillship

Sep 25, 2014

Maersk Drilling named their fourth ultra deepwater drillship this morning in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Maersk Voyager Image…

Setting sights on Tunisia

Sep 01, 2014

Audrey Leon takes a look at recent exploration and production activities occurring offshore Tunisia. Top: The Ashtart platform offshore Tunisia. Bottom: The Maamoura platform operated by Eni Tunisia…

Venari raises additional US$1.3 billion

Aug 14, 2014

Venari Resources LLC announced that it has raised an additional US$1.3 billion of equity commitments, bringing the total raised to $2.4 billion. Map of Shenandoah and Coronado prospects.  Image from Anadarko…

Current News

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

China Rolls Out 17MW Floating Wind Turbine Prototype

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