Mexican national oil company Petróleos Mexicanos (Pemex) has made six oil discoveries offshore Mexico, with one particular find holding 140-160 MMboe of potential reserves. The company also revealed its plans to drill more than a dozen offshore exploration wells next year…
Italy’s Eni is entering Montenegro’s upstream market by exploring four blocks. Eni signed a concession contract with the government of Montenegro for the exploration of four offshore blocks covering a total area of 1228sq km that were…
Development costs to first oil for the Sea Lion project off the Falklands have been reduced to US$1.5 billion with more savings possible, according to partner Rockhopper exploration. The UK-based independent also says the 2C, or proved plus probable reserves…
Statoil and CHC Helicopter have celebrated the inaugural flight to the Mariner field, Statoil’s first operated field development on the UK continental shelf (UKCS). The flight left CHC’s Aberdeen Airport base this week heading for the Mariner B floating storage unit (FSU)…
Statoil has contracted Kvaerner for works including preparation and docking of it Njord A semisubmersible production facility under a project framework agreement (PFA) for the upgrade of the facility. The call-off work has an estimated value of US42…
UK independent Parkmead has increased its stake in its operated Perth and Dolphin oil fields in the Moray Firth area of the UK central North Sea. Perth and Dolphin are central to Parkmead's Perth-Dolphin-Lowlander (PDL) oil hub project…
PGS and TGS-NOPEC Geophysical Co. (TGS) have jointly agreed principal terms and conditions for purchase of a majority of the multiclient library of Dolphin UK. PGS and TGS will make this purchase on a 50/50 basis. This purchase represents a limited initial cash outlay for PGS…
Petrobras’ daily oil and natural gas production for the month of August totaled 2.84 MMboe, 2.72 MMboe of which was produced in Brazil and 0.12 MMboe was produced abroad. Brazil registered record oil and gas monthly production in August…
Ophir Energy restarted production at the Bualuang field in the Gulf of Thailand on 2 September after a 10-day shut down, following the completion of the final tie-in work of a water debottlenecking project. This was a highly complex brownfield…
Shell has awarded the duo of Sulzer and FMC Technologies a subsea multiphase boosting pump contract to upgrade one of the pumping modules in the supermajor’s Parque das Conchas, a deepwater oil field off the coast of Brazil. Image from Sulzer…
Pura Vida is searching for farm out opportunites with industry partners for the commercialization of the Loba complex offshore Gabon that has an 81% chance of commercial success, according to the company. Funding the forward work program for the Nkembe block…
Statoil is looking to create “a strong ripple effect” from its largest field yet, the Johan Castberg project, in the Barents Sea that will generate spin-offs, and be prepared for future electrification. Johan Castberg field illustration…
BP has ordered about 100km of static umbilicals and associated accessories from France's Nexans for the next stage of its West Nile Delta project. The contract will help BP, and partner DEA (Deutsche Erdoel AG), develop the Giza, Fayoum…
Aker Solutions, Det norske oljeselskap and Subsea 7 have agreed on what the three companies are calling a 'one for all, all for one' collaboration alliance to work on developing the operator's subsea field portfolio. The move, which they…
Endeavor Management has opened participation in its latest joint industry project (JIP) – Best Practices for the FPSO Industry. Image of the Cidade de Marica, from SBM Offshore. In today’s price environment…