Latest News - page 2525


Gaining new access to old wells

Jan 15, 2014

In an age of increasingly hard-to-tap resources and high demand, operators are continually searching for reliable, cost-effective ways to extend production and improve recovery in mature or damaged wells. A cased hole whipstock system that…

Global exploration prospects: 2014 and beyond

Jan 15, 2014

In recent years, the oil and gas sector has focused heavily on exploration in frontier regions, seeking new opportunities in areas previously underexplored. However, given the competitive landscape, opportunities in more mature areas have also captured the industry’s interest…

An overview of the FPS leasing market: Growth and changes

Jan 15, 2014

The leasing of floating production system (FPS) units is one of the main factors affecting the sector’s supply. Over time, confidence in the ability of leasing contractors to deliver and operate facilities cost-effectively has increased,…

Wintershall mulls Skarfjell options

Jan 15, 2014

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…

Gulf of Guinea seismic to start

Jan 15, 2014

SeaBird Exploration Plc, in partnership with Acorn Geophysical Ltd, is due to start a 3D acuisition project in the Gulf of Guinea, west Africa. The program will cover about 1500sq km and will be acquired using the survey vessel Geo Pacific…

Shell invests in Anasuria

Jan 15, 2014

Oil major Shell is planning to breath new life into its oldest North Sea floating production unit after acquiring new 4D seismic data last year.  According to a partner on one of the fields produced by the Anasuria floating production…

Cidade de Ilhabela marches on

Jan 14, 2014

Following its 10,625nm (19,678km) voyage from China, the FPSO Cidade de Ilhabela arrived at Brazil's Brasa yard on Jan. 12 ready for the next step in its journey: bare hull and topside integration. Conversion work was completed in China in October 2013…

Liuhua production underway

Jan 14, 2014

CNOOC Ltd. announced that the Liuhua 19-5 gas field has commenced production.Liuhua 19-5 is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of about 185m. This project was designed to share the existing producing facility of Panyu 30-1 gas field…

PD&MS secures BP Caspian contract

Jan 14, 2014

PD&MS Energy has secured a three year contract to provide platform engineering services and upgrades for BP-operated projects in the Azerbaijan-Georgia-Turkey region (AGT). The Aberdeen-based firm has options to extend the contract by an additional five years…

Norway buoyant but costs rise

Jan 14, 2014

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…

STX contracts cancelled

Jan 14, 2014

TTS Group ASA has lost a contract for a lifting equipment package on a new ultra-deepwater drillship after Sigma Drilling Ltd terminated a construction contract with STX Offshore & Shipbuilding Co. Ltd.(STX). Cayman Islands-based Vantage Drilling Company has Sigma…

Langlitinden well drilled

Jan 14, 2014

Det Norske Oljeselskap has commenced drilling the Langlitinden prospect in production license (PL) 659, located 80km northeast of the Snøhvit field. It is the company's first operated well in the Barents Sea.The target for the well (7222/11-2) is to prove hydrocarbons in the Triassic…

ROV expedition in Norwegian Sea

Jan 13, 2014

Paleontologist Robert W. Williams, University of Bergen professor, Rolf Birger Pedersen, and Nils Rune Sandstå, found the columnar basalt in the southwestern part of the Gjallar Ridgein the western Norwegian Sea.

IKM wins GDF support contract

Jan 13, 2014

GDF Suez E&P Norge AS awarded the subsea operation support services contract to IKM Ocean Design. The contract involves operational management, administration and execution support of Inspection, Maintenance and Repair (IMR) for the Gjøa sealines system…

GE releases SemStar5

Jan 13, 2014

Demonstrating how GE technology helps operators extend the life of aging offshore production equipment, GE Oil & Gas is supplying Statoil Petroleum AS with its fifth generation SemStar5 Subsea Electronics Module to upgrade and extend the…

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