Farm down at Cairngorm for Dutch gain

North Sea explorer Sterling Resources is farming down equity in a UK discovery in an equity deal with EnQuest.

[Read more ] • [Licensing]

Powering up for Brazil

Two new deepwater pipelay vessels destined to operate in deepwater offshore Brazil will be powered by propulsions systems ordered from ABB.

[Read more ] Contracts

Gassco gives out Norpipe decomm deal

Norway's pipeline operator Gassco has awarded a contract for decommissioning a compressor platform on the Norpipe gas system.

[Read more ] Pipelines

Another major Mozambique find is made

Operator Eni has upped the potential gas resources offshore Mozambique with the results from the Coral 1 exploration well in Area 4.

[Read more ] Exploration

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Fairstar to transport Seadrill rig

Under offer Fairstar Heavy Transport has been contracted by Seadrill to move the Offshore Vigilant rig from the Port of Spain in Trinidad to Vietnam.

[Read more ] Rig news

Firms submit to new UK CCS competition

Eight groups have submitted new bids to become part of the UK government's Carbon Capture and Storage competition run by the Department of Energy and Climate Change aiming to stimulate development of the technology.

[Read more ] Technology

Corcovado accepted by Petrobras

Norway's Ocean Rig is set to start generating new cash now that Brazilian operator Petrobras has accepted the Corcovado drilling unit for service offshore South America.

[Read more ] Rig news

Elgin leak stopped

Total has managed to stop the leak at its North Sea Elgin platform.

[Read more ] • [HSE]

North Sea Timon well kicks off

Cairn Energy reports that drilling has commenced on the UK North Sea Timon prospect well.

[Read more ] Exploration

Fyne field doubts raised after reserves cut

Estimated reserves in the UK North Sea Fyne field have been cut down 36% by former operator Antrim Energy and further doubt has been cast over the future development of the discovery.

[Read more ] Field development

Ketch well comes in

Tullow Oil has revealed that a new well on the Ketch field in the UK Southern North Sea has come in successfully and is to be brought onstream.

[Read more ] Field development

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Tanzania offshore unveils reveals more big gas

More gas has been found offshore Tanzania Ophir Energy reports today with the Mzia 1 well.

[Read more ] • [Exploration]

Aker group grows value

Norwegian industrial group Aker ASA says it value rose 16% in the first quarter to NOK 22.5 billion (US $3.74 bn) as its investments – mainly in oil and gas operations - rose in value.

[Read more ] Company news

Lamprell warns on profit margins

Middle East-based rig and fabrication group Lamprell has warned of a tightening in the international supply chain for rig components which has hit its construction schedules and costs.

[Read more ] Company news

Bond to resume flights

Bond Offshore is to resume flying with its fleet of Eurocopter Super Puma helicopters after its own investigation of a gearbox fault which caused a North Sea crew change flight to ditch into the sea.

[Read more ] HSE

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Dockwise ramps up Fairstar takeover battle

Dutch based Dockwise has launched a mandatory but hostile takeover offer for shares in rival Fairstar Heavy Transport which it does not already own.

[Read more ] Company news

Elgin well kill operation kicks off

Work to halt the gas leak on the UK Elgin G4 well has kicked off

[Read more ] HSE

West Aquarius Newfoundland bound

Seadrill's West Aquarius deepwater rig is heading for Newfoundland to start new drilling for Statoil.

[Read more ] Rig news

JKX extends Russian holdings

East European explorer JKX has been awarded a new Russian licence which extends a known oil field where it plans to pursue development.

[Read more ] Licensing

Helicopter gearbox fault found

Initial inquiries by the UK's Air Accident Investigation Branch confirm that a gearbox oil failure was the cause of the emergency ditching of an EC 225 Super Puma helicopter last week.

[Read more ] HSE

Providence narrows losses

Providence Resources increased its profitability to 70.5% for 2011 to €0.031 million while revenue grew 24% to €13.75 million.

[Read more ] Company news

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Report suggests 49.4 bn barrels off Newfoundland

A report prepared for Canadian explorer Shoal Point Energy suggests that there are up to 49.4 billion barrels of undiscovered petroleum resources in a region offshore Newfoundland.

[Read more ] Exploration

Going for Gazelle

London-listed Rialto Energy has been granted exclusive exploitation rights to the Gazelle oil field offshore Cote d' Ívoire which is thought to contain up to 58 million barrels of oil equivalent.

[Read more ] Field development

Afren hits more pay north of Ebok field

African explorer Afren has hit more pay with its Ebok North Fault exploration well offshore south-east Nigeria.

[Read more ] Exploration

Golfinho gives out

Major new reserves have been discovered offshore Mozambique with the Golfinho discovery which is thought to hold between 13 and 45 Trillion cubic feet of gas.

[Read more ] • [Exploration]

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