PGS and Ocean Floor Geophysics (OFG) have signed an agreement under which OFG has acquired the exclusive rights to use the hardware, software and intellectual property associated with the PGS towed streamer CSEM system. Oslo-listed PGS receives shares in Canada-based OFG as settlement for the transa
French oil major Total has opted to resign from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin offshore Brazil.
The worldwide offshore rig count in August 2020 dropped by 74 rigs year-over-year but is up 3 rigs sequentially, according to a report by Baker Hughes.
The number of offshore rigs in the U.S. climbed up by two units over the last week, according to a report by Baker Hughes Company.
Axxis Geo Solutions (AGS) has entered into a data licensing agreement with an undisclosed international oil company. The late sale is related to the company’s OBN seismic data library over Utsira in Norway. The Utsira OBN seismic data library is now in its final stage of data processing. Processing
Premier Oil and Spirit Energy have added a total of 14 new blocks to their UK North Sea portfolio in OGA’s 32nd Offshore Licensing Round.
SapuraOMV Upstream has started production from its operated Bakong gas field project under the SK408 Production Sharing Contract in Malaysia.
Prosafe and oil major Shell have agreed to defer and amend the contract for the Safe Zephyrus to provide accommodation services in support of the Shearwater platform turnaround in the UK North Sea.
Wintershall Dea has completed another milestone for its operated Nova project, located offshore Norway, following the installation of the risers on the North Sea field.
Operations in the Gulf of Mexico are returning to normal in the aftermath of Hurricane Laura with just below 20 per cent of oil and gas production still shut-in.
The UK’s Oil and Gas Authority (OGA) has offered for award 113 licence areas over 259 blocks or part-blocks to 65 companies in the latest offshore licensing round.
Mexican national oil company Pemex and Hokchi Energy have begun the first stage of unitization negotiations over a possible offshore shared reservoir in the southern Gulf of Mexico.
Jadestone Energy has set up a new offtake arrangement for the Stag oil field following Altera’s decision to retire the FSO Dampier Spirit.
Canadian oil and gas company Husky Energy is nearing the startup of the Liuhua 29-1 field at the Liwan Gas Project offshore China.
