FCX specializes in copper and gold miningFreeport enters energy sector with $9B merger Phoenix-based copper and gold mining company Freeport-McMoRan (FCX) has moved to acquire subsidiary McMoRan Exploration as well as Houston-based Plains…
Map of Muriú prospectPetrobras makes 4th find off Sergipe-Alagoas Petrobras has made a fourth oil discovery in the ultra-deepwater Sergipe-Alagoas basin offshore Brazil, the company announced on 5 December 2012.Tests confirmed the presence of light oil in the Calumbi formation…
Houlder and BMT Nigel Gee have completed offshore trials of their jointly developed Turbine Access System, or TAS, at RWE's Rhyl Flats wind farm off the North Wales coast. The lightweight motion compensated gangway provides improved access to wind turbines for maintenance personnel…
Like a Christmas present, what was widely rumored and anticipated following recent Israeli hydrocarbon discoveries, Houston’s Noble Energy announced in late December 2011 the results of its recent well in the Cypriot Economic Zone. It contains up to 9tcf of natural gas…
Burdened by high drilling costs, lower success rates and smaller discoveries relative to other regions, not to mention post-Macondo regulatory changes, the deepwater Gulf of Mexico will nevertheless draw $70 billion in investment over the next two decades…
'There are 'suspicions' that [Gazprom] has prevented alternative sources of natural gas from and into European countries, applying inappropriate practices, exploiting its position as the dominant supplier of natural gas to Europe.'It took time but it eventually happened…
With massive investment and aggressive technology development required to match world energy demand in coming decades, South America’s ‘southern cone’ will have a big role to play. Russell McCulley reports from Rio de Janeiro.Thanks in large part to Brazil’s pre-salt discoveries…
New and expanding regulations governing the growing number of ageing offshore oilfields are pushing the industry to develop safe, innovative and fit-for-purpose technologies for well plug and abandonment (P&A) operations and late-stage interventions…
Recruiting and retaining skills remains one of the industrys biggest talking points. In this OE two-parter examining the issue from differing offshore sector perspectives, operator BP's Simon Drysdale discusses the need for continual nurturing of existing talent…
The traditionally risk-averse offshore oil & gas industry has long relied on not just following regulations set out by governments but also requirements outlined by classification societies to ensure their operations are safe. As water depths…
Anadarko Petroleum has taken on a challenging project with the Prosperidade development in Mozambique. But the company plans to draw on lessons from its involvement in Ghanas Jubilee field development to unlock Mozambiques huge gas resources…
A prediction of an oil price slump in less than a decade prompts Andrew McBarnet to onder on the prevailing wind currently favouring the marine seismic business.Possibly the most provocative oil industry analysis to surface in the last few months emanates from the portals of academia…
A new method of installing wind turbine generators in a single lift is being promoted among potential clients and turbine manufacturers by Seaway Heavy Lifting. The contractor is hoping to conduct a full-scale test next season using its new DP monohull…
The extreme shortage of skilled personnel in the oil & gas industry is arguably the industry's biggest challenge today. Technical solutions may have changed but new challenges remain, particularly in the specialist area of subsea engineering…
Overall, total capital investment on developing UK oil & gas reserves rose by 40% to £8.5 billion in 2011, according to Oil & Gas UK's 2012 Economic Report. Confirmation in the 2012 UK Budget of measures to promote activity in a targeted way…