Latest News - page 2548


EIA examines US-Mexico crude oil trade

May 28, 2014

The US Energy Information Administration’s new “Today in Energy” brief looks at how Mexico’s crude oil exports to the United States have declined, while US exports of petroleum products to Mexico have increased. The US imported 850,000 bbl/d of crude oil from Mexico in 2013…

Peak Well Systems opens Aberdeen tech center

May 28, 2014

Specialist downhole tool provider Peak Well Systems has relocated its European regional headquarters to a newly constructed, office and workshop facility in Aberdeen which will meet the needs of its expanding North Sea business.  Peak’s investment…

Floating gas safety needs collaborative focus

May 28, 2014

Marine terminal service company Smit Lamnalco believes it has an important contribution to make as new safety regulations for floating gas terminal facilities are drawn up. Group Business Development Manager Andrew Brown points out that although…

GDF announces Cepheus gas find

May 28, 2014

GDF Suez E&P UK has struck has on the UK southern North Sea (SNS) Cepheus 44/12a-6 exploration well. A gas column was found within the Permian Lower Leman sandstone, the primary reservoir target.   The well was spudded on 9 March 2014 and drilled to 12…

Pil discovery estimates grow

May 28, 2014

VNG Norge is to start a second sidetrack well to further assess potential at the Norwegian Sea Pil discovery after successful results were announced from an initial side-track appraisal well earlier this week.  The second side-track well…

Saipem wins Caucasus E&C contracts

May 28, 2014

Saipem has been awarded a new engineering and construction contract in the Caucasus region and some new drilling contracts in the Middle East, for a total value of about US$750 million. In the E&C onshore sector, Saipem has been awarded by the Shah Deniz consortium…

Naga 3 jackup on location

May 28, 2014

Fairmount Marine's tug Fairmount Expedition has towed jackup rig Naga 3 from the PV Marine Shipyard in Vung Tau, Vietnam, to the RD-19X Block 15-2 oilfield offshore Vietnam. Last month the tug towed the rig from Singapore to the shipyard…

BP inks Aker frame agreement

May 28, 2014

Aker Solutions has secured a framework agreement to provide engineering, modifications and maintenance services for BP-operated oil and gas fields offshore Norway. The two-year contract is valued at a maximum NOK1.8 billion, with options to extend the work by up to four years…

Green light for Flyndre and Cawdor

May 28, 2014

Maersk Oil UK has been given approval from the UK and Norwegian authorities to develop the Flyndre and Cawdor fields.  The fields lie about 293 km south east of Aberdeen in UK North Sea Blocks 30/13 and 30/14 (Flyndre and Cawdor) and Norwegian North Sea Block 1/5 (Flyndre only)…

Corac opens "dirty gas" flowloop

May 28, 2014

Corac Group, the gas, air and energy technologies business, has extended its test facility at its Technology Centre in Slough, operated by its subsidiary Corac Energy Technologies (CET), with a “dirty gas” flowloop (pictured). CET develops…

Chevron-maritime training in Ireland

May 27, 2014

In the largest maritime training contract ever to be awarded in Ireland, Chevron Shipping Co. signed a four-year training contract with the National Maritime College of Ireland (NMCI) and GAC Training & Service Solutions (GTSS), the maritime training arm of global shipping…

Assodivers orders second SMD Atom ROV

May 27, 2014

Greece-based Assodivers ordered an additional SMD Atom 100hp, 3000m-rated, work-class remotely operated vehicle (ROV) complete with launch and recovery system (LARs) from SMD. The new ROV system will be delivered 3Q this year and will…

Gargaa well, 3D off Morocco planned for Q4

May 27, 2014

Cairn Energy updated plans for drilling the Gargaa well off Morocco during its Annual General Meeting on 16 May. Cairn has established a position in both the Jurassic carbonate shelf and the emerging deep-water Mesozoic clastic exploration plays…

Cairn Energy loses top execs

May 27, 2014

In an interim management statement on 15 May, Cairn Energy plc announced that three executive directors would stand down, as part of the Company’s long term succession planning. Sir Bill Gammell, Founder and Chairman, Dr. Mike Watts, Deputy CEO…

MOL eyes North Sea expansion

May 27, 2014

Hungary’s MOL Group is eyeing North Sea operatorship and has deep enough pockets to do it. Elaine Maslin spoke to exploration director Alex Dodds (pictured). Hungary’s MOL Group is aiming to double its production within at least five years and then double it again after that…

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