First oil from the US$2.5 billion Kraken floating heavy oil development in the UK North Sea has been announced. The Kraken development, about 125km east of the Shetland Islands, off Scotland, is due to comprise a total 25 wells (14…
Malaysia's MISC Berhad has won its battle in court against supermajor Shell over contractual disputes concerning the construction and lease of the Gumusut-Kakap semi-floating production system (Semi-FPS), offshore Malaysia that was filed last year…
Oilfield services giant Schlumberger has acquired Aberdeen-based Peak Well Systems (Peak), a specialist in the design and development of advanced downhole tools for flow control, well intervention and well integrity. Peak Well Systems…
Mirror mirror on the wall, who’s the greenest of them all? Well, it’s not Suncor, ExxonMobil or Chevron, according CDP (the Carbon Disclosure Project). The three North America based firms came bottom of the CDP’s oil and gas League Table…
India’s Oil and Natural Gas Corp. (ONGC) has received approval from its board of directors for the development of its proposed US$5.1 billion deepwater oil and gas project, offshore east India. Image from ONGC…
Douglas Westwood (DW) has revised its outlook considerably for West Africa’s deepwater prospects by 44% amid project delays and cancelations. A year ago, DW said that exploration and production (E&P) companies within West Africa were…
UK-based subsea inspection, repair and maintenance (IRM) firm Harkand has been awarded a multi-million pound contract with Maersk Oil to deliver subsea support services. The contract includes a commissioning support campaign for the Flyndre…
Saudi Arabia’s oil minister Ali bin Ibrahim Al-Naimi has no concerns about current and future demand, he told delegates at IHS CERAWeek on Tuesday. “The bottom line is that the world demands 90 MMbo/d and long-term this will increase…
Peak Well Systems has made a further investment in its Aberdeen Technology Centre in support of ongoing research and development and commercialization of its newly launched SIMULTRA range. The range is a new generation of flow control…
When the oil price drops, people want to know how long the decline will last and when it will go back to “normal.” Audrey Leon reports on how market watchers and researchers tried to make sense of the downturn at this year’s SPE Offshore Europe conference…
Peak Well Systems announced that it has extended its range of ISO 14310:2008 V3 validation grade SIMPLUS plugs with the addition of a 7in retrievable bridge plug to cover 23# - 26# tube casing. Testing of the new product was completed at Peak’s testing facilities in Perth…
When the oil price drops, people want to know how long the decline will last and when it will go back up. Manouchehr Takin, a London-based international oil and energy consultant, tried to make sense of the economic side of low oil prices at yesterday’s SPE Offshore Europe breakfast briefing…
Renco Elang Energy's (REE) South Block A production sharing contract (PSC) in north Sumatra, Indonesia was granted at 19-month exploration extension from the Indonesian Ministry of Energy and Mineral Resources. According to Peak Oil & Gas…
The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC). Image from CNOOC. Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m…
Advanced downhole tool for well intervention designer and manufacturer Peak Well Systems has completed a new gas pressure testing facility in Aberdeen (UK) as part of its research and development commitment to provide oil and gas operators with advanced and reliable plug systems…
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