Aker BP, Schlumberger and Stimwell Services have established the Well Intervention and Stimulation Alliance to accelerate and boost oil production.The 5+5 year tripartite agreement was signed by the CEOs of the three alliance partners at a venue at Aker BP’s Headquarter at Fornebu on Tuesday…
In the shale field that helped launch the U.S. natural gas boom a decade ago, Chesapeake Energy Corp this month set aside its last drilling rig. The problem for the once No. 2 U.S. gas producer was not a lack of gas, but too much of it.A long…
Baker Hughes Co reported a rise in quarterly adjusted profit on Wednesday, helped by increased demand for its oilfield services and higher margins for its turbomachinery such as gas turbines and compressors.The company's results contrasted with…
Spirit Energy has raised production from one of its North Sea fields following a £68.5 million ($88.3 million) drilling campaign, the UK based independent announced on Tuesday.First gas from a new well at Spirit Energy’s Chiswick field in the…
Hess Corporation has made an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico, the US-based independent announced on Tuesday.Esox-1 was drilled in 1,405 meters water depth…
Oil supermajor BP has made a major gas discovery in the Orca-1 exploration well in the BirAllah area offshore Mauritania, partner Kosmos Energy announced on Monday.Located approximately 125 kilometers offshore Mauritania, Orca-1 was drilled in approximately 2…
Israel on Monday granted offshore exploration licenses to two groups of energy companies in its latest round of tenders for the eastern Mediterranean.Israel's Energy Ministry, which made the announcement, hopes new activity will help position…
Conrad Petroleum said it encountered problems while conducting testing at its Tambak 2 appraisal well on the Mako gas field offshore Indonesia.Conrad, operator of Duyung PSC, said it had successfully drilled the Tambak-2 well on October 15. Later…
Italian supermajor Eni said new resources have been discovered in the Abu Rudeis Sidri development lease, in the Gulf of Suez where the operating company Petrobel, equally held by Eni and by national oil company Egyptian General Petroleum Corporation (EGPC)…
Tullow Oil and its partners in the Orinduik block offshore Guyana are plotting their next steps following two discoveries on the closely watched hotspot earlier this year.The London-based operator, which owns 60% working interest in the 1,776-square-kilometer Orinduik block…
CNOOC Ltd, the listed arm of China's largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing's push to boost oil and gas exploration and production.Capital expenditure at CNOOC reached 19…
Italian oil service group Saipem is pressing ahead with plans to find a partner for its drilling unit to focus on its core business of building offshore installations and pipelines, the company's chief said on Thursday.Saipem makes most of its…
The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia AS a drilling permit for well 25/7-8 S in the western Norwegian North Sea.According to a press note from NPD, the semisubmersible Leiv Eiriksson will drill well 25/7-8 S…
An Australian offshore energy regulatory body has issued a prohibition notice to Diamond Offshore following a serious injury to a worker on board one of its mobile offshore drilling units operating in the Bass Strait last month.The National…
Shallow gas reservoirs drilled into at a 60-degree angle from the surface in the 1980s have posed a unique decommissioning challenge – resulting in a new design modular plug and abandonment (P&A) unit.When it comes to decommissioning, many operators…