Offshore news
BW Offshore leases BW Pioneer FPSO for Gulf of Mexico work
BW Offshore has signed a five-year contract for the lease and operation of the BW Pioneer FPSO on the Cascade and Chinook fields on behalf of MP Gulf of Mexico.
W&T Offshore to reduce 2020 capital budget
The company has reduced its estimate of 2020 capital expenditures to US$15 million to US$25 million from its prior level of US$50 million to US$100 million.
Lundin Petroleum makes oil and gas discoveries in Norwegian North Sea
The discoveries were made at the Evra and Iving exploration well, close to the Balder and Ringhorne field.
Capricorn Norge receives drilling permit
The Norwegian Petroleum Directorate has granted the company a permit for well 35/8-7S in production licence 880.
Jersey Oil & Gas to lead Greater Buchan Area evaluation
The wider Greater Buchan Area in the UK North Sea contains discovered oil and gas resources in excess of 200 million boe.
Neptune Energy confirms discovery in UK Central North Sea
Hydrocarbons were encountered at the Isabella exploration well, with 64 m net pay encountered, consisting of lean gas and condensate and high-quality light oil.
CNOOC makes oil discovery in Bohai Bay
The Kenli 6-1 discovery is expected to be the first large-sized oilfield in the Laibei lower uplift.
Carnarvon Petroleum: Dorado field work progressing
Carnarvon Petroleum and Santos, the operator of the offshore Dorado field, are working on entering the FEED phase.
Majority of Norwegian continental shelf projects completed within budget, according to report
A review of 66 projects on the Norwegian continental shelf (NCS) between 2007– 2018 has revealed that most have kept their estimated costs.
Polarcus seismic project cancelled
An XArray™ marine seismic acquisition project due to be carried out in the Asia Pacific region has been cancelled.