TGS plans to start the Atlantic Margin 20 (AM20) 3D acquisition programme offshore north-west Europe this summer. The Polarcus Adira, said to be fully optimised for high lateral resolution recording and with two 11-kilometre (6.81-mile) streamers for full waveform inversion (FWI), will acquire the…
Starwood Energy Group Global, Inc has announced that it has finalised agreements with OGCI Climate Investments (“OGCI CI”) to invest in the development of a large-scale carbon capture facility to be integrated with a natural gas power plant. Starwood and OGCI CI will co-invest…
In another blow to Newfoundland and Labrador’s offshore oil industry, an exploration drilling campaign planned this year for the Flemish Pass has been delayed because of the global pandemic. That is a setback for an industry hoping to expand the province’s oil industry into…
Oil and gas company Apache Corporation has made a ‘significant oil discovery’ at the Sapakara West-1 well drilled offshore Suriname on Block 58. The well was drilled using the Noble Sam Croft drillship with Apache as operator holding a 50% working interest and Total…
PaxOcean Engineering has ordered a 1,600-metric ton leg encircling crane from Huisman for a newbuild self-elevated platform (SEP) for Penta-Ocean Construction Company. PaxOcean Engineering will build the SEP in Batam, Indonesia. Delivery is scheduled for 2022. The crane will be built in Huisman’s…
UK Oil & Gas (UKOG) has announced that as part of its previously announced acquisition of Magellan Petroleum (UK) Investment Holdings it has paid the final £1 million deferred consideration element to Tellurian Investments, the former owner. Via this payment, UKOG now holds irrevocable…
Oil Search Ltd discovered oil from a side-track well as part of its Alaskan drilling programme which supports the potential for resource growth in the company’s North Slope leases and may present low-cost tie-back options to the proposed Pikka Unit development, pending further appraisal. …
UK North Sea independent RockRose Energy says it remains well positioned, despite current oil market uncertainties, with a strong balance sheet and no debt. The company was listed on the London Stock Exchange in January 2016, when Brent crude traded at less than US$30/bbl,…
The Marsden Point oil refinery, operated by Refining New Zealand at Whangarei on the east coast of the North Island of New Zealand, is halving production for at least the next three months due to falling fuel demand in the country. Refining NZ, whose…
Early first gas has been achieved on Oil and Natural Gas Corporation’s (ONGC) 98/2 Block located in the Krishna Godavari Basin, offshore India. The project update was shared on the 1st April by the US-based engineering, procurement, construction, and installation company, McDermott. The…
