A farm-out agreement between Tangiers Petroleum and Galp Energia has been approved, paving the way for the partnership to spud the TAO-1 offshore Morocco in June. Under the agreement, Galp is due to reimburse Tangiers' US$7.5million for back costs…
Subsea 7 has been awarded a three-year US$160 million contract extension by BP Exploration & Production for light subsea construction, inspection, repair and maintenance services in the US Gulf of Mexico. The contract will run from the second quarter 2014 to the third quarter 2017…
Petrobras' demanding newbuild platform schedule proves that the Brazilian giant believes that presalt production shows no sign of slowing down. Peter Howard Wertheim delves into the details of Petrobras' plethora of platforms coming online between now and 2020…
Three newbuild jackups based on the XL Enhanced design will hit the market in 2014, 2015, and 2016. Photo from Maersk Drilling. A number of rig providers are increasing their fleet with builds over the next three years…
Peter Wertheim discusses subsea technology woth Nelson Leite, president of FMC Technologies Brazil. Subsea processing and boosting are fundamental for developing challenging fields. Benefits increase with water depths, flow rates and stepout…
Data gathering and large-scale reservoir modeling will be key to unlocking Anadarko's big gas development off Mozambique. Bruce Nichols spoke with Anadarko and engineers at Halliburton's Landmark to discover more. When Anadarko made three…
A large-bore center tube umbilical cross section. Photo by: DUCO. The growing deepwater market is driving pipeline and umbilical manufacturing expansion on Newcastle's Walker Riverside in the UK…
Stephen Whitfield takes a look at some of the major development projects now utilizing subsea separation and processing technology to increase field life. Several companies are looking at subsea processing and separation as they try to maximize production out of difficult projects…
The Petroleum Exhibition & Conference of Mexico (PECOM) recently celebrated its 20th year. The location in Villahermosa, Tabasco’s state capitol, is fundamental to the continuing success of the conference and convenient for many PEMEX personnel…
Brazilian correspondent Claudio Paschoa shares his insights after visiting SBM Offshore & Synergy’s Brasa yard in Niteroi to tour Petrobras’ latest FPSO Cidade de Ilhabela. The first time I visited the Brasa shipyard, a joint venture between SBM Offshore and Synergy…
Electromagnetic Geoservices (EMGS) entered into a partnership agreement with Uruguay's regulating authority for oil and gas exploration, La Administración Nacional de Combustibles, Alcohol y Portland (ANCAP). ANCAP intends to use the…
Tullow Oil has announced it plans a 4000km sq 3D seismic acquisition program next year in block 54 offshore Suriname. In January, the company agreed to a production-sharing contract that gave it a 50% operated stake, in partnership with state-owned Staatsolie…
Saipem has been awarded a $US554 million contract to provide supporting works relating to the construction of the second line of the South Stream Offshore Pipeline in the Black Sea. According to Saipem, the contract includes engineering…
The latest milestone in the southern North Sea Cygnus gas field project took place on Monday as the first piece of major infrastructure sailed out from Isleburn’s facilities at Nigg Energy Park, Scotland (pictured). The beginning of the…
Aberdeen-based explorer Faroe Petroleum it to take on its first operated production in the North Sea through a £35million to take over operated stakes in two southern North Sea gas fields from Tullow Oil. Faroe will take a 60% operated stake in the Ketch field and a 53…