Offshore news

Pan Petroleum Gabon B.V., one of Panoro Energy ASA’s subsidiaries, has approved the operator’s proposed work programme and budget to move forward with the development of the Dussafu oilfields.

Subject to regulatory approval, JDR Cable Systems is set to be acquired by TELE-FONIKA Kable.

Nature Group, the oil, gas and maritime waste collection and treatment company, has secured a five-year contract with Maersk Oil in the Central North Sea.

Centrica plc and Stadtwerke München GmbH have reached an agreement to combine Centrica’s European oil and gas exploration and production business with Bayerngas Norge AS.

Providence Resources has provided an update on Licencing Option 16/27 in the Porcupine Basin, offshore Ireland.

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-4 A, cf. Section 8 of the Resource Management Regulations.

Waitsia-4 was spudded on 10 July 2017 and is forecast to take approximately five weeks in total to complete.

The discovery was made in the Blåmann well, between the Snøhvit and Goliat fields in the Barents Sea. Recoverable volumes are estimated at 2 - 3 billion standard m3, approximately 10 - 20 million boe.

Westwood Global Energy Group, the energy market research consultancy, has released new statistics for exploration in the Asia-Pacific region which show that green shoots of recovery are starting to appear.

Exxon Mobil Corporation has signed a production-sharing contract for Block 59 in Suriname with Staatsolie Maatschappij Suriname N.V.