UK-based oil exploration company Hurricane Energy signed a heads of terms deal with Bluewater Energy Services to use Aoka Mizu Floating Production Storage and Offloading Vessel (FPSO) on Lancaster field, west of Shetland.
Hurricane planned to use this Aoka Mizu FPSO for Early Production System (EPS) phase of development. It will also have the right to extend the contract for up to ten years.
Under the agreement, Bluewater Energy (BES) gave Hurricane an exclusive right to enter a fully termed agreement until November 2017.
CGG provided further details about the seismic data study performed by its integrated geosciences Northern Viking Graben solution, which covered around 36,000km² in the offshore regions of Norway and the UK.
The study encompasses combining broadband seismic data with geology, well data and reservoir characterisation that help identify new prospects in the area. Northern North Sea already hosts large discoveries such as Troll, Statfjord and Brage.
The Northern Viking Graben multi-client broadband seismic survey was conducted using CGG’s full-bandwidth BroadSeis-BroadSource solution.
A study by United States Geological Survey (USGS) and NASA found extensive shoreline loss along heavily oiled areas of Louisiana's coast caused by the 2010 BP Deepwater Horizon oil spill.
The study compared erosion from the oil spill with the coastal changes that happened due to Hurricane Issac in 2012.
Researchers used NASA’s annual mapping to evaluate shoreline loss across most of upper Barataria Bay, situated on the west of Mississippi River Delta.
This study compared the shoreline imagery taken a year before the oil spill and the images taken during a 2.5-year span after the spill.
A new steering group consisting of offshore companies was appointed to harness the potential of remaining gas reserves in the Southern North Sea (SNS).
Named SNS Rejuvenation Special Interest Group, the new group is part of an initiative launched by the Oil & Gas Authority (OGA), Oil & Gas UK and the East of England Energy Group (EEEGR).
The group members are Shell, Oranje-Nassau Energie, Premier Oil, ENGIE E&P UK, Centrica, ODE, Aker Solutions, James Fisher & Sons, DNVGL, Sembmarine SLP, Baker Hughes, Lloyds Register, Fraser Well Management, Acteon, SSE and Statoil.
The new group is scheduled to hold its first meeting in December, and its work could help secure the future of offshore oil and gas industry in the East of England for more than two decades.
DEA Norge encountered an oil and gas discovery in PL609, north of the Snøhvit field.
Earlier this year, the licence partnership successfully created an appraisal well at the Alta discovery.
The drilling campaign of exploration well 7220/6-2 R in the Barents Sea led to a discovery of oil and gas.
Total signed an agreement with Azerbaijan national oil company SOCAR to develop the Absheron gas and condensate field.
Located in the Caspian Sea, the Absheron gas and condensate field was discovered in 2011 and is operated by Total.
Total holds 40% interest in the field, while the remaining ownership is held by Socar (40%) and Engie (20%).
Israel’s Ministry of Energy announced the first bid round for searching oil and natural gas in the sea, which included 24 areas.
This announcement for a competitive proceeding, made by Minister of Energy Dr Yuval Steinitz, is claimed to be the first of its kind in the country.
The distribution of new licenses was closed for four years.
BP and GE announced the launch of Plant Operations Advisor (POA), a new digital technology solution developed to enhance efficiency, reliability and security of oil and gas operations.
Plant Operations Advisor (POA) is already deployed in one of BP's platforms in the Gulf of Mexico. If satisfied with its performance, the tool will be deployed globally at other BP facilities in 2017.
Built on GE's Predix operating system, the tool was created under a development partnership between the two companies announced in January.
Mitra Energy announced that its wholly owned subsidiary Jadestone Energy (Australia) closed the acquisition of Stag Oilfield in offshore Western Australia.
On 26 July, Jadestone as buyer and Mitra as guarantor signed a definitive sale and purchase agreement with Quadrant Northwest and Santos Offshore to acquire complete interest in the Stag Oilfield.
All customary conditions of the deal were fulfilled and the acquisition closed on 11 November.
Ireland-based oil and gas company Providence Resources signed a contract with Stena Drillmax Ice for use of its Stena IceMAX drill-ship.
The drill-ship will be used to drill FEL drilling project lying 2,250m deep in water in the southern Porcupine Basin, 220km off the south-west coast of Ireland.
Providence Resources chief executive Tony O’Reilly said: “We are delighted to have signed this rig contract with Stena.
"Our previous exploration collaboration project with Schlumberger highlighted the significant hydrocarbon potential of FEL 2/14, which we will now be evaluating using the high-specification Stena IceMAX drill-ship.