Anadarko Petroleum to buy Freeport’s Gulf of Mexico assets for $2bn

Anadarko Petroleum signed a $2bn agreement to acquire US-based Freeport McMoRan Oil & Gas's deepwater assets in the Gulf of Mexico.  

The deal is expected to double Anadarko's ownership in the Lucius development to around 49% from its previous 23.8% and will add approximately 80,000boepd in production capacity.

Furthermore, the acquisition will expand Anadarko's operated infrastructure throughout the Gulf of Mexico and is set to generate an estimated $3bn of incremental Gulf of Mexico free cash-flow over the next five years.

JDR unveils new horizontal lay-up machine for offshore industry

UK-based supplier of subsea umbilicals JDR launched a new horizontal lay-up machine (HLM) at its Hartlepool manufacturing facility.

With the new machine, the company will be able to provide the next-generation of safe subsea connectivity to the oil and gas sectors.

The HLM technology has been installed for subsea umbilicals, and will provide increased manufacturing capacity. In particular, it improves solutions to clients’ operational challenges for complex steel tube, as well as power umbilicals.

Nopsema seeks further information from BP on Great Australian Bight drilling

Australian offshore oil and gas authority Nopsema was seeking further information from BP Developments Australia regarding the company’s environment plan for drilling of the Stromlo-1 and Whinham-1 exploration wells in the Great Australian Bight.

BP is expected to provide the information by 28 October, following which the regulator will restart the assessment.

If required, the company can request an extension of this timeframe.

Foxtrot completes $850m project in Block CI-27 offshore Côte d'Ivoire

Foxtrot International completed a four-year, $850m field development programme in Block CI-27 in the Ivory Coast's offshore area, West Africa.  

As part of the programme, the new Marlin and Manta gasfields have been brought on-stream after installing a four-legged, manned platform and related processing and pipeline facilities. One exploration and seven production wells were also drilled.

Last month, gas production from Block CI-27 increased to an average of 170 million cubic feet a day. Oil and condensates production from the block averaged 3,000bpd.

Veolia's MPPE unit chosen for Inpex’s Ichthys LNG project

French firm Veolia's MPPE unit was selected to treat the gas/condensate-produced water stream from Inpex-operated Ichthys LNG project’s floating production storage and offloading facility (FPSO).

Upon completion, the FPSO will be towed 6,000km to the Ichthys Field in the Browse Basin, offshore Western Australia.

Dissolved and dispersed toxic constituents such as aromatic (BTEX), polyaromatic hydrocarbons (PAHs) and oil can be removed using the ± 450t MPPE module unit.

NPD receives 33 applications for exploration licences off Norway coast

The latest exploration licensing round offering acreage in mature areas off the coast of Norway received 33 applications from oil companies.

The application deadline for awards in pre-defined areas (APA) 2016 was 6 September.

The oil companies have applied for acreage on the whole shelf and are interested in the North Sea and the Norwegian Sea.

Nexans to supply umbilicals for BP’s West Nile Delta project in Egypt

Nexans secured a contract to supply 100km of static umbilicals for the next stage of BP's Exploration West Nile Delta project in Egypt.

Under the contract, Nexans will also supply associated accessories for the project.

With this contract BP and partner Deutsche Erdoel (DEA) will be able to develop the Giza, Fayoum and Raven gas condensate fields.

Aker Solutions to provide EPCIC services for Utgard subsea field

Aker Solutions secured a Nkr500m ($61m) contract to provide engineering, procurement, construction, installation and commissioning (EPCIC) services for Utgard subsea field.

The gas and condensate field has a portion of the total reserves on the UK side of the North Sea border.

It is located in Blocks 15/8 (NCS) and 16/18a (UKCS) in the central North Sea, 21km west of the Sleipner complex and will be developed from a four slot subsea template with two wells.

Australian researcher warns of potential security risks to offshore platforms

A researcher at Charles Sturt University (CSU) in Australia warned of the potential security risks to offshore oil and natural gas drilling and production platforms.

Based on the changing global security environment, industry and governments will have to adapt their security policies and practices, and are required to continue working together to improve security arrangements for offshore installations continuously.

When research on this issue started in 2006, many countries expressed concern regarding securing offshore facilities.

Statoil to increase interest in four NCS licences

Statoil agreed to increase its equity in four licences on the Norwegian Continental Shelf (NCS) from Tullow Norge.

The licences are PL537 in Hoop (Wisting) area, PL855 in Hoop, PL695 in Tromsøflaket and PL843 in Norwegian Sea.

Through licensing rounds and transactions, Statoil said it has built an exploration portfolio in the Barents Sea.