Nine wells were drilled safely and efficiently by the Seadrill West Hercules in the Flemish Pass Basin, located approximately 500 kilometers east of St. John’s, Newfoundland and Labrador. The results have improved Statoil’s understanding of the frontier Flemish Pass Basin.
THE HAGUE, the Netherlands – Shell plans to apply the brakes to capital spending between now and 2020. CEO Ben van Beurden said the aim was to “re-shape Shell into a more focused and more resilient company…”
Integrated gas, previously a growth priority for the company, has reached critical mass following its recent acquisition of BG, he added. “The pace of new investment will slow here, and integrated gas will now prioritize the generation of free cash flow and returns.”
Instead, Shell plans to prioritize deepwater production, in particular offshore Brazil and in the Gulf of Mexico.
Fair Head Tidal is planning to submit a marine licence application this summer for the proposed 100MW tidal energy scheme located off the north Antrim coast of Northern Ireland, near Ballycastle. The team behind the Fair Head Tidal Energy Park, a joint venture between Cork-based DP Energy and Bluepower NV, a Belgium company whose shareholders include the offshore contractor, DEME, and utility, Nuhma, has concluded a series of extensive surveys offshore and onshore.
Chevron has made a gas discovery in the Carnarvon hydrocarbon basin, off Western Australia's north-west coast.
Located in the WA-392-P permit area, 95km northwest of Barrow Island, the Isosceles-1 exploration well encountered 134m of net gas pay in the Triassic Mungaroo Sands, in 968m of water.