News Archive for: October 2013

Offshore drilling services provider Transocean has been awarded a new contract for an ultra-deepwater drillship by Chevron.

The newbuild dynamically positioned drillship is designed to operate in water depths of up to 12,000 feet and drill wells to 40,000 feet. It will accommodate up to 240 people.

The capital costs for…

Angola has 13 billion barrels of proven oil reserves, a top oil official from the African nation said today.

The total is nearly four billion barrels more than an OPEC estimate for late 2012.

The Organization of the Petroleum Exporting Countries, whose estimates on the oil reserves of its members often…

Premier is pleased to announce that it has signed a farm-in agreement for 55 per cent of Taipan Resources Inc (“Taipan”) licence interests in Block 2B, onshore Kenya. The block lies in the Southern Anza basin, a Cretaceous rift basin with proven source rock, and contains several prospects and…

Production is expected to start late next year at the Enochdhu oil field in the Central North Sea after UK officials cleared its development.

ConocoPhillips UK and co-venturer Chevron North Sea said the project had been approved by the UK Department of Energy and Climate Change (DECC).

Enochdhu is expected to…

Scotland has the potential to become a world leader in decommissioning obsolete North Sea oil industry infrastructure, it has been claimed.

Energy Minister Fergus Ewing said the practice would be worth at least £30billion by 2040.

The Inverness and Nairn MSP said the Scottish Government wanted oil fields to continue to…