Ocean Power Technologies (OPT) has signed an agreement with Premier Oil to study the feasibility of using the PB3 PowerBuoy for decommissioning operations in the North Sea. Ocean Power said on the 22nd January that work under the three-month contract would determine the viability…
The Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has found two non-conformities and six improvement points during an audit of the Statoil-operated Johan Sverdrup project. The PSA said on the 23rd January that it conducted the audit from the 8th to the…
A consortium of BP and Kosmos Energy has won exploration rights to two offshore oil blocks in São Tomé and Príncipe’s exclusive economic zone (EEZ), the national oil agency said. The two companies won blocks 10 and 13 in a restricted tender, the agency’s…
North Africa focused oil and gas company, SDX Energy Inc, has made a gas discovery at its ONZ-7 development well, located on the Sebou permit in Morocco. Drilled to a total depth of 1,167 metres, the ONZ-7 well encountered five metres of net conventional…
Chevron-operated Erskine field in the UK North Sea is currently unable to produce due to an issue with a pipeline. The Erskine Field lies approximately 150 miles (241 kilometres) east of Aberdeen, in water depths of about 296 feet (90 metres). It is operated…
The global oil industry’s backlog of big drilling projects is starting to shrink as prices improve. From production vessels tapping Brazil’s deep-water reserves to pipes connecting rigs to underwater wells in China, the number of ventures delayed since the oil crash that finally got…
Iraq has signed a deal with a US company to tap natural gas in one of its southern oil fields, a step toward exploiting a natural resource which has been neglected for decades. Iraq has long flared much of its natural gas, a by-product…
Gazprom has received a construction permit to lay the second string of the TurkStream offshore gas pipeline to be set in Turkish waters. Operated by South Stream Transport, a subsidiary of Gazprom, the TurkStream offshore gas pipeline will consist of two parallel gas pipelines stretching for…
US-based oil company LLOG Exploration has started development drilling operations at the Buckskin project in the deepwater Gulf of Mexico. LLOG took over operatorship of the Buckskin project from Repsol in January 2017. Buckskin is located on Keathley Canyon blocks 785, 828, 829, 830,…
Three oil rigs have been barred from leaving a Scottish port by the Scottish Environmental Protection Agency (SEPA) which wishes first to ensure that plans for their disposal comply with EU and UN waste regulations. The rigs – Ocean Princess, Ocean Nomad and Ocean…
