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Thursday, 18 February 2016 09:08

Petrobras discovers more Libra pay

Petrobras has discovered "good quality oil" in a new well in the giant Libra field, in the pre-salt Santos basin,…
Monday, 15 February 2016 10:08

Dana Petroleum completes Lille John wells

Dana Petroleum has successfully completed the drilling of the Lille John-2 appraisal well and side-track on the Lille John oil…
Friday, 12 February 2016 09:59

Blackstone forms Clarion Offshore Partners

Blackstone and former senior executives of Pride International have partnered to form Clarion Offshore Partners, a platform to provide strategic…
Tuesday, 09 February 2016 13:24

IEA: Global oil demand to decline considerably

In the International Energy Agency’s (IEA) oil market report for February 2016, signs of a demand slowdown surface, with higher…
Monday, 08 February 2016 15:11

IHS suggests additional CAPEX cuts needed

The depressed oil price environment is painting a gloomy outlook for North American exploration and production (E&Ps) companies, and further,…
National Ocean Industries Association (NOIA) president, Randall Luthi, issued the following statement ahead of President Obama’s budget request:  “The [US]…
Wood Mackenzie's latest global oil production analysis* indicates that 3.4 MMbbl/d of oil production is cash negative at a Brent…
Thursday, 04 February 2016 13:23

Subsea UK sponsors MATE ROV competition

At Subsea Expo, Subsea UK has announced that it will sponsor an initiative which inspires budding subsea engineers for a…
Wednesday, 03 February 2016 11:53

Red Marine completes valve qualification testing

Red Marine, based in Hexham, has completed a qualification testing program on a new vent valve for FMC Technologies. The…
Monday, 01 February 2016 15:19

CNOOC fires up South China Sea fields

CNOOC says the Weizhou 12-2 oilfield joint development project (Weizhou 12-2) and Weizhou 11-4 North oilfield Phase II project (Weizhou…
Monday, 01 February 2016 14:33

Fighting for survival

So much for a happy new year! The first few weeks of 2016 have given no cause for cheer with…
Published in OE: 2016 / February
Schedule slippage is an ever-present reality for exploration and production (E&P) projects, especially for the more complex mega-projects, says Norwegian…
Thursday, 28 January 2016 07:59

Carnarvon gains West Auz stake

Carnarvon Petroleum has secured 35% stake in license TR/3 in the Barrow sub-basin offshore Austrailia, joining operator Quadrant Energy. Image…
The Petroleum Safety Authority (PSA) of Norway has granted Statoil consent to use the Bideford Dolphin mobile drilling facility to…
Wednesday, 27 January 2016 04:23

Oil well below US$50/bbl through 2018

Ratings and investor service firm Moody's has lowered its price estimate for Brent crude in 2016 to US$33/bbl, from $43/bbl,…