During his keynote address at IHS CERAweek, Chevron Chairman and CEO, John Watson (pictured), addressed the challenges and changes in the industry, noting the effects of rising costs on the industry’s success. With labor and cost doubling over the past decade…
Iran, India and Oman are preparing to begin official negotiations for delivery of the Iranian natural gas to the Indian market through a deepwater pipeline. Iranian Foreign Minister Mohammad Javad Zarif, Indian Foreign Minister Salman Khurshid…
Statoil and co-venturer ExxonMobil have carried out a successful first drill stem test on their Tanzania Block 2 offshore discovery Zafarani-2. The data acquired will help reduce technical uncertainties in a possible future Tanzania offshore and LNG development…
The UK’s North Sea oil and gas industry was put under a national spotlight today, both by the industry and the nation’s politicians. The industry and government welcomed the outcome of industry veteran Sir Ian Wood’s UKCS Maximizing Recovery Review final report…
Statoil has made a small gas discovery in the Kramsnø prospect in production license 532, near to the Johan Castberg oil field, in the Barents Sea. The discovery is the fourth well in a five-well drilling campaign targeting oil in PL532…
Ecuador, the smallest oil-producing affiliate of the Organization of the Petroleum Exporting Countries (OPEC), is the fifth-largest oil producer in South America, and has the third-largest oil reserves in the region, after Venezuela and Brazil…
Norway’s Statoil announced that a fifth natural gas discovery in Block 2 offshore Tanzania has opened up new play in the region. The Mronge-1 discovery, drilled in 2500m water depth by the Discoverer Americas drillship, 20km north of the Zafarani discovery…
The longest pig run was performed along the Nord Stream pipeline between Germany and Russia last year. Elaine Maslin found out more. At 1224km (759mi.) long, the Nord Stream’s twin offshore pipeline gas transportation sys- tem from Russia to Germany…
Wintershall is to begin evaluating development options for the Skarfjell discovery, after a second appraisal well on the field exceeded expectations. Options could includea tie back to the Gjøa platform, or another facility, or as a standalone development…
Wood Mackenzie’s annual review of Norway's upstream oil and gas industry concludes that the sector showed no signs of slowing down in 2013.The review cites high levels of development spend, asset deals, exploration activity, and a record NKr 176 billion (US$30 billion) capital investment…
Chevron North Sea Ltd. will proceed with its high-pressure, high-temperature (HPHT) Alder field development in the North Sea after receiving regulatory approval. Discovered in 1975, Chevron says new technology has helped to unlock the central North Sea field…
New Zealand’s offshore exploration prospects have risen after a renewed interest in the region. Today, Shell New Zealand, and its partners OMV New Zealand and Mitsui E&P Australia, announced plans to drill an exploration well in Production Exploration Permit (PEP) 50119…
First gas has been produced form the southern North Sea Juliet field, says operator GDF SUEZ. Juliet is a subsea development on the western flank of the southern gas basin, 39km east of the Lincolnshire coastline in the UK. First gas is from the West Well…
North Sea oil and the constitutional debate in Scotland and the UK The possibility of Scotland becoming an independent country is currently attracting much interest, and not just locally, but in the rest of the UK and elsewhere as a referendum on the issue…
Colloquy: Editor’s Column As we start a new year at OE, we offer projections from companies about projects and markets. This issue features a Global Market Forecast, with analysts from Infield Systems, DouglasWestwood, and Petroleum Geo-Services weighing in about exploration…