Category: Offshore

BP sheds Yacheng stake

BP announced the sale of its 34.3% interest in the Yacheng gas field in the South China Sea to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for $308 million cash.  More »

COSL orders designs for six offshore service vessels from Wärtsilä

Wärtsilä has contracted to supply China Oilfield Services Ltd (COSL) with designs for a total of six new ships.  More »

Helix has offshore oil discovery in GoM Green Canyon

Helix Energy Solutions Group (NYSE: HLX) has a Gulf of Mexico oil discovery at the Wang exploration well in the Phoenix field located in Green Canyon block 237.  More »

American oil growing most since first well signals independence

The U.S. expanded its oil production this year by the most since the first commercial well was drilled in 1859, upending a belief that Americans were increasingly hooked on foreign crude.  More »

Start-up imminent at Skuld field offshore Norway

Petroleum Safety Authority (PSA) Norway has sanctioned the use of production facilities and associated pipelines and equipment on the Skuld oil field in the Norwegian Sea.  More »

Latest South Pars jacket loaded out

Iranian Offshore Engineering and Construction Co. (IOEC) has loaded out the SPD 20 jacket for a platform for the South Pars Phase 20 development offshore Iran.  More »

Ukraine training center simulates offshore handling

Offshore crew provider Lerus has opened a new training center in Odessa, equipped with the latest Kongsberg offshore vessel simulator.  More »

Lead role for Eni offshore Pakistan

Eni has agreed to take a 25% operating interest in an exploration license offshore Pakistan.  More »

Fewer exploration wells across Norwegian shelf

There have been 12 discoveries offshore Norway this year, according to the Norwegian Petroleum Directorate (NPD).  More »

Mid-year target for Falklands Sea Lion concept

Rockhopper says it is fully financed for the Sea Lion development offshore the Falkland Islands and for a three-well exploration campaign scheduled for 2014.  More »

Isolation tool allows safe replacement of North Sea pipeline

STATS Group has completed an isolation project on a 16-in. subsea pipeline in the Dutch North Sea for Wintershall Noordzee.  More »

Talisman, Sinopec North Sea venture goes through

Talisman Energy has completed its joint venture transaction with Addax Petroleum UK, a subsidiary of China Petrochemical Corp (Sinopec Group).  More »