Lundin Petroleum AB appointed Paul Atkinson as general manager for Malaysia and managing director for Lundin Petroleum's southeast Asia business. Atkinson is joining Lundin Petroleum from Talisman Energy, where he has held various senior managerial positions since 2001…
BP intends to commit US$4 million to launch a new strategic partnership with The University of Texas at Austin to support several oil and gas research projects, according to a statement released by the company Thursday. The collaboration…
Ocean Power Technologies, Inc. has received a US$2.6 million contract from Mitsui Engineering & Shipbuilding Co., Ltd. The contract is to provide the final design and supply of key components of a PowerBuoy system intended for deployment…
China Oilfield Services Limited (COSL) has signed construction contracts for two jack-up drilling rigs and a semisubmersible drilling rig. The contracts are with Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) and China Merchants Heavy Industry (Shenzhen) Co…
Africa-focused Lekoil is to raise US$100 million funding through a placing with Mirabaud Securities LLP for drilling offshore Nigeria. The cash will be used to complete drilling and testing on the Ogo-1 well and Ogo-1 side track; the future development of the OML113 licence offshore Nigeria…
Australia’s Pura Vida has agreed a farm-in deal giving it a 50% stake in the Ambilobe area office Madagascar, east Africa. The firm has also finalized a farm-out deal offshore Morocco. Pura Vida will take a 50% stake in the Ambilobe block…
Subsea 7 demonstrates the effectiveness of pipeline bundle solutions and a subsea depressor device in the North Sea. By Meg Chesshyre “Subsea 7 is currently experiencing the busiest period of bundle design/installation activity ever…
The University of Houston’s Subsea Engineering program is the first of its kind in the US. The program—founded by mechanical engineering professor and director of UH Subsea, Matthew Franchek— is in its inaugural year operating with a 10-course…
Two countries – Malaysia and Indonesia– hold nearly two-thirds of the region’s reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems Offshore Asia Oil & Gas Market Report to 2017…
Physical modeling of deepwater projects can be a very useful tool. Despite the advent of computer modeling and immersive computer visualization environments, physical 3D models help vessel operators, riggers, and field engineers find potential problem areas and resolve spatial issues…
Statoil Gulf Services, the North American subsidiary of the Norway’s Statoil, has signed a lease for 581,000 square feet in CityWestPlace in Houston, Texas, to serve as their North American headquarters. The company already 225,000 square feet in the complex…
The European branch of the Intervention & Coiled Tubing Association (ICoTA Europe) has announced the finalists of its Innovation Awards ahead of its annual SPE ICoTA Well Intervention Conference. The award is presented annually to an organization that…
Following the Deepwater Horizon incident in 2010, a group of leading oil companies came together to form Marine Well Containment Company (MWCC), an independent company tasked with developing, owning and maintaining a system to respond to a deepwater well control incident…
Houston-based Helix ESG recently completed a deepwater well decommissioning project in 7919ft. Darin Hilton explains the steps and options involved in plugging and abandonment. Over the past several years, there has been a growing demand…
Louisiana Gulf Coast Oil Exposition (LAGCOE), one of the world’s pioneer oil and gas expositions, recognized the 2013 Spotlight on New Technology award winners at the CajunDome in Lafayette October 23. This awards program recognizes companies…