Improved ways to gather and interpret geophysical data were highlighted at OTC. Bruce Nichols reports. Rocky Roden, consulting geophysicist for Geophysical Insights, showed an OTC session how to…
Norwegian geoscience firm Spectrum entered into a cooperation agreement with US oilfield services giant Schlumberger to acquire 50% ownership in Spectrum's Pelotas multiclient program. The cooperation agreement includes more than 30,000km…
German multinational Siemens and Norwegian operator Statoil have jointly developed and qualified a subsea hydraulic power unit (SHPU) for use in offshore oil and gas fields in order to provide hydraulic power right at the well site. The…
African Petroleum signed a non-binding term sheet agreement with a private London-based independent oil and gas company to farm-in to African Petroleum’s 100% owned Liberian LB-08 license. LB-08 is situated in a highly prospective region offshore Liberia…
New Zealand has awarded 15 new exploration permits, on- and offshore, through its 2014 Block Offer, containing some AU$110 million committed exploration spending, Energy and Resources Minister Simon Bridges announced today (9 December). Of the 15 permits offered…
As demand for oil and gas increases and shallow plays mature, operators are having to look deeper and further offshore. Drilling in more capricious environments has highlighted the importance of safety measures that can quickly and accurately identify problems remotely using automated technology…
Perenco, Tullow Oil’s partner in the Arouwe block offshore Gabon, has said the Sputnik-1 well, targeting a pre-salt structure in Gabon’s offshore Arouwe block, made a non-commercial discovery. But, according to Tullow, the pre-salt well's results are encouraging…
Two years in the making, Aker Solutions and Baker Hughes’ subsea production alliance was rubber-stamped by the regulatory authorities last week. The alliance, which brings together two companies that might not be seen as natural bed-fellows…
Optical and even quantum sensing is being assessed to help monitor the subsea oilfields of the future as part of remote sensor networks. Elaine Maslin reports on work in the field by the University of Aberdeen. A…
Rising subsea development costs have led Statoil to set a target for 20-30% cost reduction on projects. Elaine Maslin reports from the Underwater Technology Conference. Subsea – facing new realities” was the slogan for this year’s Underwater Technology Conference (UTC) in Norway…
TGS has is to start two multi-client geochemical seafloor sampling and seep studies offshore Canada and in the Barents Sea. Sampling locations for both programs were identified using recently acquired multi-client seismic data. The Labrador…
Are the UK's fractured basement reservoirs ripe for exploitation? Hurricane Energy's Robert Trice explains why he believes they are. The potential of fractured basement reservoirs is often overlooked by explorers, yet there are numerous…
Repsol and Indra have jointly developed a water-based hydrocarbon leak early detection system, the companies announced on 26 March 2014. The system, called HEADS (Hydrocarbon Early Automatic Detection System) has successfully completed testing at the Repsol Industrial Complex in Tarragon…
Pharaonic Petroleum Company (PhPC) awareded OneSubsea an US$80 million subsea supply contract for the East Nile Delta END-3 development offshore Egypt. The contract calls for the supply of four well systems including subsea production equipment…
Masirah Oil Ltd. has said hydrocarbons were found in several formations during exploration well drilling in Block 50, offshore Oman. The well was Masirah's second in Block 50, and reached afinal depth of 3000m in the Cambrian formation…
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