Offshore developments have benefitted significantly from lower breakeven prices over the last two years, with more than half of the cost reductions achieved through downsizing, simplification and design, according to analyst Rystad Energy. Read Full Article Here For more great articles: Offshore RSS Feed
Stone Energy has announced steps toward filing for Chapter 11 bankruptcy protection by Dec. 9. Read Full Article Here For more great articles: Offshore RSS Feed
Exxon Mobil Corp. has reported the Owowo-3 well encountered about 460 ft (140 m) of oil-bearing sandstone reservoir offshore Nigeria. Read Full Article Here For more great articles: Offshore RSS Feed
PGS expects to take delivery early next year of the newbuild seismic acquisition vessel Ramform Hyperion, currently under construction at the Mitsubishi Heavy Industries Shipbuilding yard in Japan. Read Full Article Here For more great articles: Offshore RSS Feed
By Offshore Energy Today Offshore Energy Today this week streamed several talk shows from the Offshore Energy Exhibition and Conference in Amsterdam, one of which was titled “Future Proof Your Business.” The talk show explored how energy companies are preparing for a low carbon world and how traditional energy companies can be successful in their…
The Maari field offshore New Zealand now has a total of 10 producers and one water injector in service, according to partner Cue Energy. Read Full Article Here For more great articles: Offshore RSS Feed
By LNG World News With 667 exhibitors, 25,000m² floor space and visitors representing 99 nationalities, Offshore Energy Exhibition & Conference 2016 (OEEC) was not only a great success, the event also grew compared to last year. A great achievement in the current offshore energy market. 11,989 people came to Amsterdam RAI to network and meet…
Hurricane Energy says tests have been completed on its 205 21a-7Z horizontal side track well on the Lancaster oil field west of Shetland. Read Full Article Here For more great articles: Offshore RSS Feed
Akastor ASA has an agreement to sell Fjords Processing to National Oilwell Varco for NOK1.2 billion ($145.7 million) on a debt- and cash-free basis. Read Full Article Here For more great articles: Offshore RSS Feed
By Offshore Energy Today.. Oil giant ExxonMobil on Thursday announced a ‘significant discovery’ with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. According to the company’s statement on Thursday, the Owowo-3 well, which was spud on September 23, encountered about 460 feet (140…