Offshore news

Cutting the US deepwater royalty rate from 18.75% to 12.5% for new leases, as proposed by the US Royalty Policy Committee in its meeting on February 28, would significantly improve the attractiveness of the country’s fiscal regime, according to GlobalData, a leading data and analytics company.

Triangle Energy (Global) Ltd has provided an Operations Update on its Cliff Head Oil Field (Cliff Head; 78.75%) assets.

McDermott International, Inc. has been awarded a detailed engineering and long lead procurement services contract from BP Trinidad & Tobago, LLC (bpTT) for the Cassia C Compression Platform, located 40 miles (65 km) off the southeast coast of Trinidad and Tobago.

Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.

The project, which is due to be carried out in April/May this year using the Stena Clyde MODU, has been in the planning stages since last year.

Tullow Oil Plc, Anadarko Petroleum Corporation, Kosmos Energy Ltd, and CEF (SOC) Ltd represent the companies with the largest licensing presence in Ghana, each participating in four blocks.

The project, completed in December 2017, utilised Bibby Offshore’s diving support vessel Bibby Topaz to carry out inspection, repair and maintenance operations in the Rhum gas field, approximately 380 km north-east of Aberdeen.

New automation technologies and ongoing support enable BP to target production growth and safe and reliable operations.

Add Energy and Trendsetter Engineering Inc (TEI) have been contracted by an oil and gas operator to provide well control expertise and access to their patented Relief Well Injection Spool (RWIS) to a well which is planned to be drilled in the Barents Sea during Q2 of 2018.

INPEX CORPORATION (INPEX) has been awarded a 10% participating interest in the Lower Zakum concession offshore Abu Dhabi in the United Arab Emirates (UAE) by the Supreme Petroleum Council of the Emirate of Abu Dhabi (SPC).