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OE Daily: 2017 / December

The Internet of Things, a world in which equipment and instrumentation can talk to each other and modify operating parameters – across platforms, fleets and…
Norwegian oil major Statoil has awarded three new subsea maintenance framework agreements, extending to 2023, to Aker Solutions, TechnipFMC and OneSubsea, with a total estimated…
Norwegian operator Aker BP has submitted three plans for development and operations to the Norwegian Ministry of Petroleum and Energy for projects on the Norwegian…
Thursday, 14 December 2017 08:18

WoodMac: Upstream CAPEX to grow in 2018

Believing that major spending cuts are over, Wood Mackenzie expects global upstream capital expenditures to grow slightly in 2018 to a total of US$400 billion.…
Thursday, 14 December 2017 03:14

Subsea VSD successfully wet tested - ABB

Work on a subsea power grid, which could support all-electric subsea process, has taken a step forward in Finland with the successful testing of subsea…
North Sea production shut-in due to a "hairline" crack in a pipeline is costing operators US$26.68 million a day in lost production, according to industry…
Eni now estimates Area 1 in Mexico’s Campeche Bay to contain between 1.4 to 2 billion boe – 90% of which is oil -- thanks…
A "hairline" crack in the Forties Pipeline System (FPS), which in 2017 brought 40% of North Sea oil onshore to Scotland, has helped to push…
Dutch firm OOS International Group has signed a memorandum of understanding which paves the way for it to bring the largest semisubmersible crane vessel to…
Monday, 11 December 2017 03:55

Hurricane ups Rona Ridge estimate

UK-based fractured basement reservoir explorer Hurricane Energy says a new competent person's report (CPR) across its Rona Ridge assets has seen an increase in its…
Sunday, 10 December 2017 23:00

Pemex kills Nobilis-Maximino farm-out

Mexico’s state-owned firm Pemex has canceled its tender for the Nobilis-Maximino farm-out that was scheduled to coincide with the country’s next deepwater round (2.4) in…
Friday, 08 December 2017 08:53

Eni's Goliat to restart production

Norway’s Petroleum Safety Authority (PSA) has granted Eni permission to restart production at its Goliat development after verifying the company has addressed electrical safety issues…
UPDATE: One Maersk Drilling worker is dead and another injured following in an incident on the Maersk Interceptor jackup drilling rig, working at the Tambar…
Thursday, 07 December 2017 08:54

Energean sees 2018 FID for Karish, Tanin fields

Energean Oil & Gas expects to make a final investment decision (FID) for the Karish and Tanin fields offshore Israel in early 2018 as new…
Thursday, 07 December 2017 02:54

Statoil taps SBM, others for Castberg

SBM Offshore has been awarded a contract for the delivery of a turret mooring system for Statoil's US$5.9 billion Johan Castberg floating production, storage and…
Wednesday, 06 December 2017 15:46

BSEE: 1 dead in GoM rig accident

The US Bureau of Safety and Environmental Enforcement (BSEE) has reported a fatality onboard the Petrobras 10,000 drillship, in Walker Ridge 469, 172 mi south…
Tuesday, 05 December 2017 13:17

Cape Wind to surrender US lease

US wind developers Cape Wind have applied to relinquish its lease offshore Massachusetts, which at one time had been set to be America's first offshore…
Norway's latest offshore licensing round, focusing on the Barents Sea and Norwegian Sea, has drawn fewer than half the number of companies than its previous…
Tuesday, 05 December 2017 09:28

Yamal LNG production begins

The Yamal liquefied natural gas (LNG) liquefaction plant has started production, with the first LNG cargo export scheduled for 8 December. The Christophe de Margerie…
Norway's Statoil, with partners Eni (30%) and Petoro (20%), has submiited a plan for US$5.9 billion (NOK49 billion) development and operation for the Johan Castberg…
Monday, 04 December 2017 03:42

Siccar to drill Lyon prospect in 2018

UK explorer Siccar Point Energy E&P has signed up a rig to drill a well on the Lyon prospect, west of Shetland.  Lyon is due…
Petrobras has declared commerciality at the Libra Northwest field, formally renaming it Mero, following a vote amongst its workforce, the Brazilian operator announced on 30…