Electromagnetic Geoservices (EMGS) has started mobilising the BOA Thalassa vessel for a seismic data acquisition survey offshore South-east Asia. The contract, from an unnamed customer, is valued at around US$24 million. Source: Offshore Magazine
Petroleo Brasileiro SA (Petrobras) agreed to sell 70% interest and operatorship of Maromba field offshore Brazil to BW Offshore for US$90 million. The field, about 100 kilometres south-east of Cabo Frio in 160 metres of water in the southern Campos basin block, is close…
Ascent Resouirces has adopted a new broader corporate strategy as previously set out in its RNS of 14 January 2019 and articulated at the shareholder event on 27 February 2019. The strategy can be summarised as follows: Maximise the potential of the Petišovci…
PTT Exploration and Production Public Company Limited (PTTEP) has made a new gas discovery offshore Australia. The find was made through the Orchid-1 exploration well, which is located in the Timor Sea. Starting in January this year, the drilling of Orchid-1 was undertaken…
Premier Oil expects to sanction development before mid-year of the Catcher North and Laverda oil accumulations in the UK central North Sea. This will involve drilling two wells from a shared drill centre, both tied back to the Varadero field facilities (part of the…
Norway’s one-trillion-dollar sovereign wealth fund, popularly known as the “oil fund”, is set to cut its investments in some oil and gas exploration and production companies, the Norwegian government said on the 8th March. “The Government is proposing to exclude companies classified as exploration…
Western Australia’s Environmental Protection Authority (WAEPA) has revised its guidance on mitigating greenhouse gas emissions from large new or expanding projects in the state, drawing the ire of the petroleum industry. The revised guidelines outline the information required from proponents and how it may…
Rolls-Royce has secured a contract with Italian shipbuilder Cantiere Navale Vittoria for the supply of a marine propulsion package to a new Offshore Patrol Vessel under construction for the Armed Forces of Malta (AFM). The 1800ton displacement, 74.8 metre, twin-screw vessel will feature a…
UK-based oil company Premier Oil reported a net profit in 2018 of US$133.4 million, on the back of record production. Premier Oil, which in 2017 posted a loss of US$253 million, said on the 7th March that it achieved record production of 80.5 kboepd in…
The Permian Basin is the energy-producing juggernaut behind the US shale revolution. This vast oil and gas play stretches over 75,000 square miles from West Texas into south-eastern New Mexico. The Permian can be split into two sub-basins, the Delaware in the west and…
