Category: Offshore

Statoil announces new oil find in North Sea

Norwegian energy company Statoil ASA says it has found “significant” new oil resources in the North Sea.  More »

Feds: Emergency containment equipment a must for Arctic

Oil companies seeking to drill in Arctic waters must have emergency equipment capable of reining in runaway subsea wells, a top Obama administration official said, answering a question facing ConocoPhillips and other firms with drilling rights in the region.  More »

Noble quarterly earnings grew 25 percent

The Swiss-based Noble Corporation reported first quarter 2013 earnings of $150 million, up 25 percent from $120 million for the same time last year.  More »

Anadarko discovers more offshore natural gas in Mozambique

Anadarko Petroleum has announced another gas discovery in offshore Mozambique.  More »

Report: Seismic research on East Coast could harm 140,000 whales & dolphins

Nearly 140,000 whales and dolphins could be injured if the Obama administration allows energy companies to conduct seismic research aimed at identifying oil and gas along the Atlantic Coast, according to a new report issued Tuesday.  More »

Saudi Aramco starts production at mammoth field

Saudi Aramco has started production at its behemoth Manifa field in a bay along the Persian Gulf, putting out 500,000 barrels of crude per day from a network of wells drilled through man-made islands, the world’s largest oil company said Monday.  More »

Tullow falls after delaying oil well in Ethiopia for two months

Tullow Oil Plc (TLW), the U.K. explorer searching for Ethiopia’s first crude, fell to a four-month low in London trading after delaying the Sabisa well.  More »

McDermott to overhaul platforms offshore Middle East

McDermott International (NYSE: MDR) has won offshore Middle East contracts for two projects with a total value of $900 million.  More »

Nord Stream opens consultations on additional Baltic gas lines

The Nord Stream consortium has published a project information document (PID) concerning a proposed extension.  More »

North Sea Skarfjell well underlines commerciality

Wintershall Norge is nearing completion of an appraisal well on the Skarfjell oil and gas discovery in the Norwegian North Sea.  More »

Statoil signs offshore Caspian exploration accord

Statoil and SOCAR have signed a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea.  More »

Total sticks with Wood Group for North Sea engineering

Wood Group PSN has won a two-year extension to its contract to support Total’s UK North Sea operations.  More »