Offshore news

The company has announced that the Cormorant-1 exploration well on Petroleum Exploration License 37 (‘PEL 37’) offshore the Republic of Namibia encountered non-commercial hydrocarbons.

The company has announced a major gas discovery on the Glendronach prospect, located offshore U.K. West of Shetland.

Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start-up is scheduled for the summer of 2019.

The Romanian government has proposed a reduced royalty and additional tax structure for offshore investments, allowing a larger proportion of capital investments to be deducted for tax purposes.

The company has announced that it has signed a Sale & Purchase Agreement (SPA) for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of ITOCHU Corporation.

OMNIS, in partnership with Africa Oil Week, TGS and BGP, announce a licensing round in Madagascar, to be launched at Africa Oil Week, 5 - 9th November 2018.

The contract is for the removal and disposal of the Dunlin Alpha topside in the UK continental shelf.

The Bureau Veritas Group company has announced four new appointments to strengthen its offering and add further expertise to the business.

Infinity announced that the first project, a fast track subsea tie-back to an existing facility is now underway.

The contract is based on a master framework agreement established between Seadrill and Equinor.