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Shell secures consent to use facilities at Knarr and Gaupe after gaining operatorship
26 August, 2016
Shell has gained operatorship of Knarr and Gaupe fields in the UK North Sea from BG Norge AS....
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Oil prices drop further as Saudi slashes production freeze hopes Friday, August 26, 2016 Oil prices have fallen further and likely to see the largest weekly drop in a month after Saudi Arabia dashed expectations of oil producing countries agreeing to a freeze in production. ...

Deals this week: Statoil (UK), Europa Oil & Gas, Sparrows Offshore Friday, August 26, 2016 Statoil (UK) Limited has agreed to pay $27m to Trap Oil Limited for a 70% stake in P.2170 licence in the UK Central North Sea....

Report: Mexico's Pemex offers deepwater Trion field as first farm-out site Friday, August 26, 2016 The Trion field has been approved as the first subcontracted site to be offered by Pemex and the Comision Nacional de Hidrocarburos for the Gulf of Mexico's current bidding round, according to...

Fram C East well offshore Norway commences production to Troll C platform Thursday, August 25, 2016 Statoil has announced that the production from the subsea Fram C East well, offshore Norway, has commenced to the Troll C...

TSC signs agreement with Offshore CC FZE to form JV company Thursday, August 25, 2016 TSC Group Holdings (TSC) has signed an agreement with Offshore CC FZE to form a joint venture...

Oil prices drop due to oversupply Thursday, August 25, 2016 Oil prices have dropped due to excess supply, and no sign of a freeze in...

GE Oil & Gas wins subsea wellheads contract with India’s ONGC Wednesday, August 24, 2016 GE Oil & Gas has secured a contract to provide subsea wellheads for Oil and Natural Gas' (ONGC) offshore drilling campaign in shallow to medium waters in offshore India....

Misc signs FSO vessel deal with Chevron for Thai offshore oil and gas project Wednesday, August 24, 2016 Misc Offshore Floating Terminals (MOFT) has signed a $230m contract for the lease and operations of a floating, storage and offloading (FSO) vessel for Chevron Offshore Thailand's Benchamas...

Oil prices edge down as US crude stocks increase Wednesday, August 24, 2016 Oil prices have plunged following a surprise increase in US crude stocks that revived worries about the supply glut....

Pemex issues termination notice of Seadrill’s contract Tuesday, August 23, 2016 Mexican firm Pemex Exploracion has issued a notice of termination of Seadrill’s contract for the West Pegasus drilling rig....

Oil prices plunge as hopes for producers' agreement fade Tuesday, August 23, 2016 Oil prices have fallen below $49 a barrel amid signs of supply glut outweighing hopes that oil producing countries will agree a proposal to support prices....

Zenith Energy completes offshore project for Rockhopper Exploration in Italy Tuesday, August 23, 2016 Zenith Energy has completed a plug and abandonment project for Rockhopper Exploration's platform well in offshore Italy....

BP submits revised environment plan for drilling in Great Australian Bight Monday, August 22, 2016 BP Developments Australia has submitted a second environment plan to the National Offshore Petroleum Safety and Environmental Management Authority (Nopsema) for the proposed drilling campaign...

NPD to develop Byrding discovery in North Sea Monday, August 22, 2016 The Norwegian Petroleum Directorate (NPD) has received a plan for development and operation (PDO) of the Byrding discovery within production licence 090 B in the North Sea. ...

Oil prices fall as China increases exports of refined products Monday, August 22, 2016 Oil prices have dropped nearly 3% after China increased exports of refined products and shale producers in the US added rigs....

Report: Six more bid rounds to close in Q3 2016 after Cyprus closes its third round Friday, August 19, 2016 The third offshore licensing round of Cyprus for blocks 6, 8 and 10 was completed on 22 July with the country receiving a total of six bids, according to a GlobalData report....

Tullow Oil starts production from TEN fields offshore Ghana Friday, August 19, 2016 Tullow Oil has started oil production from the Tweneboa, Enyenra, Ntomme (TEN) fields, located offshore Ghana....

Deals this week: Energean Oil & Gas, Siccar Point Energy Friday, August 19, 2016 Energean Oil & Gas SA has agreed to acquire a 100% stake in Tanin and Karish gasfields through its wholly owned subsidiary Ocean Energean Oil and Gas Ltd from Delek Drilling Limited Partnership...

Statoil to make two million tonnes of total CO2 cuts planned for NCS Friday, August 19, 2016 Statoil has announced that the company will account for two million tonnes of the total greenhouse gas emissions cuts planned for the Norwegian Continental Shelf (NCS)....

Permasense installs integrity monitoring system on Total’s Alwyn platform Thursday, August 18, 2016 UK-based corrosion and erosion monitoring provider Permasense has installed the ET210 integrity system on Total’s Alwyn platform in the North Sea....


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