Offshore News By Categories

Offshore News By Categories

Schlumberger has backed-out of a previously announced $1.7bn deal to acquire a stake in Russian company Eurasia Drilling (EDC) after Russia failed to approve the deal by the deadline.Eurasia Drilling said that the 30 September 2015 deadline has expired, so the proposed merger and related transaction with Schlumberger could not…
Oil prices increased on Monday following an announcement made by Russia, one of the world's top three oil producers, that it is ready to discuss the condition of the market with other producers.Brent was 50 cents higher at $48.63 a barrel, while US crude was higher at 50 cents and…
Lundin Norway, the subsidiary of Swedish oil and gas company Lundin Petroleum, has commenced drilling of exploration well 7220/6-2 on the Neiden prospect in the Barents Sea South.Located in the northern part of license PL609, the prospect is 60km northeast of the Alta discovery and 200km from the Norwegian coastline.Neiden…
Enfield oil field is situated in Production Licence WA-28-L, within the Greater Enfield Area, about 49km off the coast of Exmouth in Western Australia. Water depths range from 350m to more than half a kilometre across the field. First production from the field was achieved in July 2006 with an…
Enfield oil field is situated in Production Licence WA-28-L, within the Greater Enfield Area, about 49km off the coast of Exmouth in Western Australia. Water depths range from 350m to more than half a kilometre across the field. First production from the field was achieved in July 2006 with an…
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