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…
UK union Unite announced on the 31st March that it welcomed a new agreement covering offshore workers. The agreement, which was hammered out between trade unions, including Unite, and the Offshore Contractors Association (OCA), will ensure Unite’s members at risk of redundancy or lay…
South-east Asia’s rig market looks set to decline this year, with various oil companies in the region already making significant cuts to their 2020 capex budgets due to the current global conditions, according to Rystad Energy. The analyst pointed out that E&P companies in…
Following up on the release dated the 27th February, Petrobras has announced the beginning of the binding phase referring to the sale of all its equity interest in the Merluza and Lagosta fields, located in the shallow waters of the Santos Basin. Qualified parties…
