Latest News - page 2205


Breaking ground on Butch

Feb 01, 2016

Open water coiled tubing drilling has been used offshore Norway in an industry first. Elaine Maslin found out more. Island Offshore’s Island Constructor. Images from Centrica Norge Coiled tubing drilling (CTD) isn’t a new concept…

Making nodes fly

Feb 01, 2016

The job of placing ocean bottom nodes for seismic acquisition could be set for a revolution. Elaine Maslin looks at Autonomous Robotics Limited’s concept. A single node, nose on. Images from Autonomous Robotics Ltd…

Battling fatigue

Feb 01, 2016

2H Offshore’s Mike Campbell and John Gaver discuss design challenges of riserless well intervention systems and best practices. Figure 1 – Traditional vs riserless intervention systems…

Right place, right time

Feb 01, 2016

Audrey Leon chats with Gerald (Jerry) Stone, ‎senior vice president, Fluor Offshore Solutions, about his unlikely career in engineering, his take on the current market situation, and his work in harsh environments. Jerry Stone…

Tools of the trade

Feb 01, 2016

Weatherford’s Alex Goodwin explains how a RFID circulation sub displaced seawater to facilitate a formation integrity test in the Gulf of Mexico. The JetStream circulation sub can be activated…

Sterling quits Mauritania PSC

Jan 29, 2016

Sterling Energy's subsidiary Sterling Energy Mauritania Ltd. (SEML) has submitted a notice of withdrawal to its joint venture partners in Block C-3, offshore Mauritania. As part of the withdrawal, SEML will assign its entire 40.5% participating…

Lundin Malaysia begins drilling Maligan well

Jan 29, 2016

Lundin Malaysia commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia. The Maligan prospect is in shallow water and lies to the north of a major producing field in offshore East Malaysia. The well will target hydrocarbons in Miocene aged sands…

Chevron cancels Buckskin-Moccasin

Jan 29, 2016

In Chevron's Q4 2015 earnings conference call today, the company announced it was cancelling the deepwater Gulf of Mexico project Buckskin-Moccasin, instead choosing to advance other projects, particularly onshore in the Permian basin. Chevron's…

Lundin drops budget but activity remains high

Jan 29, 2016

Swedish oil exploration and production firm Lundin Petroleum has dropped its capital spending budget 26% compared to 2016, but still expects a positive year as production at Edvard Grieg ramps up. Lundin's exploration spending will drop 64% compared to 2015…

Further support for UK industry outlined

Jan 29, 2016

Further detail of support measures for the UK's oil and gas industry were revealed yesterday following a visit by Prime Minister David Cameron to oil city Aberdeen.  Cameron first signed a 'UK City Deal' fund of up to £250 million (US$358…

BV approves ocean thermal energy converter

Jan 29, 2016

Leading international classification society Bureau Veritas has issued its first Approval in Principle for an ocean thermal energy converter (OTEC). The approval applies to a 1MW plant developed by the Korea Research Institute of Ships and…

Video: Aasta Hansteen living quarters installation

Jan 29, 2016

The living quarters module for Statoil's Aasta Hansteen development, offshore Norway, have been lifted onto the project's SPAR topside. The topside is currently being constructed in Hyundai Heavy Industries yard in Ulsan, South Korea…

Ultra-deepwater rig rates down 42% year-on-year

Jan 29, 2016

Global offshore rig utilization dropped from 87% to 73% across 2015, to the lowest levels in 30 years, according to Clarksons Research.  Global Jackup working utilization declined from 86% to 70%, down from a high of 95% in 2013, while…

Rystad: US$230 billion in projects delayed due to oil price

Jan 28, 2016

Schedule slippage is an ever-present reality for exploration and production (E&P) projects, especially for the more complex mega-projects, says Norwegian oilfield analysts Rystad. 'In addition to subsurface challenges, above-ground issues…

ION wins Mexico seismic data processing extension

Jan 28, 2016

ION Geophysical has been awarded an extension to its existing multi-year contract with Petroleos Mexicanos (Pemex), the national oil company of Mexico. Under this contract, ION is providing a broad range of seismic data processing for multiple offshore and onshore surveys…

Current News

Venterra Company, CAPE Holland, Awarded Contract for Fengmiao Offshore Wind Farm

Bae Systems Launches Incubator Program to Propel Technologies Beyond Defense

DOF Group ASA Contract Award for Well Intervention Services in North America

Jacket Loadout Milestone Completed for BorWin6 Offshore HVDC Platform

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