Fossil Energy
New Age seeking farm-out partner for South Africa block
Partner is being sought to fund a further 3D seismic survey over a portion of the Licence area in return for the acreage
Mixed results from Aker BP’s North Sea wells
Norwegian oil company Aker BP has drilled four wells in the North Sea off Norway. As a result, two wells are dry and the other two have moderate to good reservoir quality. Aker BP, the operator of production license 028 B, has concluded the drilling of appraisal wells 25/10-16 S, A and C on the [&he
Talos, Pemex ink pre-unitization deal for Zama discovery
U.S. company Talos Energy, as operator of the giant Zama oil discovery offshore Mexico, has signed a pre-unitization agreement with Pemex, as Zama might extend into a nearby Pemex-owned offshore block.
Jadestone satisfies terms to complete Montara buy
Jadestone Energy has satisfied all conditions precedent to its proposed acquisition of the Montara oil project, offshore Australia, from Thailand’s PTTEP.
One improvement point found during ‘Deepsea Atlantic’ safety audit
The PSA has found an improvement point during an audit of the Odfjell Drilling’s Deepsea Atlantic rig.
ABB provides control and security system for TANAP pipeline
ABB has provided the TANAP pipeline with its largest ever fully integrated control and security system.
Verus Petroleum buying Cieco for $400M
The acquisition includes a 23.1% interest in the Western Isles Development Project, a 25.8% interest in the Hudson field, a 2.0% interest in the Brent Pipeline System, and a 1.2% interest in the Sullom Voe oil terminal.
ExxonMobil, Chevron, OXY to join Oil and Gas Climate Initiative
U.S. oil firms ExxonMobil, Chevron, Occidental Petroleum are set to join the Oil and Gas Climate Initiative (OGCI), an initiative representing 13 of the world’s largest oil and gas producers working on solutions to mitigate the risks of climate change.
Innovation, collaboration and cost-reduction
In the North Sea alone, more than 400 fields are expected to cease production by 2026 at an estimated cost of USD 56 billion.
Getting back to our roots: From frontier exploration to the North Sea
For nearly a decade, the team behind Discover Exploration has been hunting for ‘elephants’ – our industry’s jargon for giant turbidite fans in 1,000+ meters of water – off the underexplored coasts of East Africa and New Zealand.
Rystad: Rise in FIDs to keep offshore ahead of shale
An analysis by Norwegian energy intelligence group Rystad Energy has claimed that a rebound in spending will keep offshore ahead of shale.
Unite works to end ‘hated’ 3/3 rota in North Sea
Unite workers’ union has welcomed Shell’s decision this week to ditch the three-weeks-on/three-weeks-off rota shifts for its offshore workers in the UK North Sea. The union now hopes other North Sea operators will do the same.
Semco readies Maersk jack-up for Buzzard drilling campaign
Maersk Drilling’s jack-up Maersk Innovator has completed its yard stay at Invergordon, Scotland.
No home turf advantage for Petrobras as Dutch court takes on shareholders case
A Dutch-based organization representing Petrobras’ shareholders who suffered losses as a result of the long-running bribery and fraud schemes the Brazilian has been engulfed in, has made a major breakthrough as a Dutch court has decided to take the case on.