The US-Russia Business Council (USRBC) held its 21st annual meeting on 29 October in Houston, Texas. Various panels discussed topics ranging from Russia’s global integration to its over-dependency on oil and gas to investment in the country…
A framework agreement to supply drilling, wells and petroleum technology resources has been awarded to OPC by Statoil ASA. Starting in January 2014, the five year contract runs until 2018, and has options to extend until 2023. The…
By Thom Payne, Douglas-Westwood Singapore Last week’s auction for production rights to Brazil’s 12 billion bbl Libra field has dominated industry headlines. However, despite years of media and market analyst hyperbole the scale of Petrobras’…
A wildcat well drilled 5km northwest of the recent Wisting Central oil discovery in the Barents Sea has been classified as dry, says the Norwegian Petroleum Directorate. The latest well, 7324/7-1 S, known as Wisting Alternative, is in production…
Seaway Heavy Lifting (SHL) has won a contract with Permaducto SA de CV for an offshore installation project in Mexico. Under the contract, SHL will execute work offshore Mexico in a joined offshore program for Pemex’s KuMaZa/Cantarell project…
First oil on the Ekofisk South project in the Norwegian part of the North Sea has started. The project will increase oil recovery in the Ekofisk field, located in the PL 018 licence and operated by ConocoPhillips. Production capacity at Ekofisk South is 70…
Cairn Energy PLC entered into a farm-in agreement with Kosmos Energy and the Moroccan National Oil Company (ONHYM) for a 20% working interest (WI) in an exploration block offshore North West Africa that covers the Cap Boujdour Contract Area…
This event aired on December 12, 2013 Click to AccessNo doubt advances in automation technology can help companies in the offshore oil and gas industry but integrating Safety and asset integrity to the operating strategy of the process…
Carigali Hess Operating Company Sdn. Bhd. awarded Allied Marine & Equipment Sdn. Bhd. (AME) a contract to provide subsea inspection to Carigali Hess’ facilities. AME is a subsidiary of Malaysia’s SapuraKencana Petroleum Berhad. Within the terms of the contract…
Statoil recommends building a new drilling and processing platform on the Snorre field in the North Sea to maximize extraction of remaining reserves. Together with Petoro AS and the other license partners, Statoil says it has worked hard…
PEMEX Exploration and Production (PEP) has awarded Spain's Dragados Offshore a pipelay contract worth nearly $200million. Dragados will lay 38km of pipelines linking production platforms in the shallow-water Xanab and Yaxche oil fields in…
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, the US Bureau of Ocean Energy Management (BOEM) today announced that it will hold Gulf of Mexico Central…
Thailand's PTT Exploration and Production Public Co. Ltd. (PTTEP) held a sail away ceremony for Zawtika Processing and Living Quarters Platform (ZPQ) on 5 October 2013 in Singapore. After the ceremony, the ZPQ sailed away from SMOE Pte. Ltd…
As part of its continuing global growth strategy, subsea installation contractor Bibby Offshore has announced the opening of a new division and international base in Houston. The company, that also has bases in Aberdeen, Liverpool, Singapore and Trinidad…
Production is due to ramp up from a number of fields in the North Sea after a restriction imposed by the operator of the Central Area Transmission System (CATS) gets eased. BP, operator of CATS, initiated the restriction after off-specification…