Latest News - page 2614


Weather batters North Sea

Jan 06, 2014

Repeated boughts of bad weather around the UK have caused disruption to offshore oil and gas operations in the North Sea. Endeavour International Corporationsaid today that, due to the continued periods of bad weather, timing of first production from second production well…

Deepwater under threat?

Jan 06, 2014

US shale oil production will not be a threat to deepwater oil and gas development, an analyst has said today. Steven Kopits, working with Douglas-Westwood in New York, says many investment banks and government agencies have forecast that…

Crude oil leak at Hibernia

Jan 03, 2014

The Canada-Newfoundland and Labrador Offshore Petroleum Board released an incident bulletin today about a leak from Hibernia Offshore Loading System. Hibernia Management and Development Co. Ltd. (HMDC) reported an ongoing leak of crude…

Scottish oil independence

Jan 03, 2014

North Sea oil and the constitutional debate in Scotland and the UK The possibility of Scotland becoming an independent country is currently attracting much interest, and not just locally, but in the rest of the UK and elsewhere as a referendum on the issue…

Baker Hughes: offshore rig count 3 Jan

Jan 03, 2014

Baker Hughes Inc. rotary rig count shows 61 rigs active offshore US for the last two weeks, up 10 rigs from a year ago (19.6% year-over-year increase). This includes 55 rigs working off Louisiana (up from 47 a year ago), 2 rigs off Texas (up from 1 rig)…

Disputed territory

Jan 03, 2014

Several Caribbean countries are embroiled in bitter maritime border disputes. Sarah Parker Musarra examines the history behind two of Latin America’s most-monitored maritime clashes. Research vessel RV Teknik Perdana was conducting a…

Colloquy: Projections for 2014 and beyond

Jan 03, 2014

Colloquy: Editor’s Column As we start a new year at OE, we offer projections from companies about projects and markets. This issue features a Global Market Forecast, with analysts from Infield Systems, DouglasWestwood, and Petroleum Geo-Services weighing in about exploration…

Safety discussion in Aberdeen

Jan 03, 2014

The importance of safety in the offshore industry will be the subject of discussion at the next evening meeting and supper hosted by the Energy Institute in Aberdeen. Guest speaker Steve Bullock, senior vice president HSSEIA Offshore Projects and Operations at Petrofac…

CLS opens Hull base

Jan 03, 2014

Energy sector services company CLS Offshore has invested about £350,000 in new offices at Hull, UK, with plans to add a fabrication workshop in the near future. CLS expects to rapidly build its office team in Hull to 25, with up to 75…

Lundin spuds Johan Sverdrup appraisal

Jan 03, 2014

Lundin Petroleum AB has started drilling the latest appraisal well at the giant Johan Sverdrup discovery, in the Norwegian sector of the North Sea. The well,16/3-8S, on PL501, is at the crest of the Avaldsnes high. Its objectives are to establish the depth…

Tullow's Mantra water wet

Jan 03, 2014

Tullow Oil plc's Mantra well, offshore Norway, is to be plugged and abandoned after being classified as water wet. Mantra, drilled with the 31/3-4 wildcat exploration well,was the first exploration well in the Tullow-operated 551 production license…

BP extends Maersk Reacher contract

Jan 03, 2014

BP Norway has extended its contract for the jack-up Maersk Reacher by two years, from September 2014 to September 2016. BP Norway holds options to further extend the contract by up to additional four years, taking it out to September 2020…

EU begins Horizon 2020 research program

Jan 02, 2014

Offshore projects, including oil spill response and observation systems, have been included in the European Union's€80 billion research and innovation program Horizon 2020. Horizon 2020 is a challege-based research and innovation program run by the European Research Council (ERC)…

Kosmos lassos Maersk Discoverer

Jan 02, 2014

Kosmos Energy Ltd. signed a one well rig share agreement with BP plc and Maersk Drilling for use of the rig Maersk Discoverer. The rig is expected to commence drilling operations on the FA-1 (formally Eagle-1) exploration well in the Foum Assaka offshore block in Morocco in 1H 2014…

Petrobras introduces Brazil's largest semisub platform

Jan 02, 2014

The Petrobras' P-55 platform, one of the strategic projects in the Brazilian company's 2013-2017 Business and Management Plan, started up Dec. 31, 3013 in Campos Basin's Roncador field. P-55 is part of Roncador´s field Module 3 project and will be connected to 17 wells…

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