Offshore

Exploration & Production , Acquisitions & Divestitures

Norway's Equinor Adds Acreage Offshore Argentina

Equinor has taken a 50% stake in Argentina's largest offshore block, CAN 100, as part of its collaboration with the South American country's state-controlled oil firm YPF.

August 21, 2019

Field Development

Shell Marks Milestone At Field Offshore Brazil

As the Parque das Conchas marks 10 years of production, the field’s operations manager recalls challenges overcome and looks to the future.

August 20, 2019

Discoveries

Equinor, Partners Find Oil At Sputnik In Barents Sea

The well, drilled to a vertical depth of 1,569 m below the seabed by the West Hercules semisubmersible rig, encountered a 15-m oil column in a Triassic sandstone reservoir, Equinor said in a news release.

August 20, 2019

Exploration & Production

Exxon Mobil: Production Shut At Hibernia Oil Platform After Power Outage

Power was restored the same day, but production has not yet resumed, the company said in a statement.

August 19, 2019

Discoveries

Lundin Strikes Oil At Goddo Prospect In North Sea

Drilled by the Leiv Eiriksson semi-submersible drilling rig, the well encountered weathered and fractured basement in an estimated 20-m oil column, Lundin Petroleum said in a news release.

August 19, 2019

Acquisitions & Divestitures

BW Offshore Wins Brazil Approval For $115 Million Oilfield Purchase

Norway's BW Offshore has won approval from Brazilian oil regulator ANP for the purchase of the Maromba oilfield, part of the Oslo-listed company’s plan to become an operator and not just a supplier of oil services, platforms and ships.

August 17, 2019

Field Development

Husky To Resume Full Production At White Rose Field

Husky, the operator and majority owner of the White Rose Field, said it expects production there to ramp up to about 20,000 barrels per day after the start-up.

August 16, 2019

Business , Exploration & Production

Eyeing Offshore Discovery, Suriname’s State Oil Company Plans Bond Sale

Staatsolie would also consider listing some of its shares on the New York or London stock exchanges to help raise between $1 billion and $2 billion to develop its offshore drilling program, the company's CEO said.

August 16, 2019

Exploration & Production

Exxon Mobil: Canada’s Hibernia Oil Platform Resumes Production

The platform will take necessary time to reach full production in a safe and environmentally responsible manner, the company said in a statement.

August 15, 2019

Exploration & Production , Lease Sales

Angola Gears Up For Roadshows For Offshore Licensing Round

Angola will showcase offshore blocks considered frontier in advance of upcoming licensing rounds during presentations set for Angola, Houston, London and Dubai in September.

August 15, 2019