BG Group has made the first oil discovery off East Africa, according to a partner on the Sunbird-1 exploration well. Pancontinental Oil and Gas said a 14m gross oil column was found beneath a 2936m gross gas column in a reefal limestone…
Industrial facilities turn to safer, more effective inorganic coatings to reduce risk of severe injury and death of coating contractors. For decades, industrial facilities have measured the effectiveness of a coating by its ability to prevent corrosion…
OceanGeo BV completed an ocean-bottom cable seismic survey in the Gulf of Paria off Trinidad for the state-owned Petroleum Co. of Trinidad and Tobago Ltd. (Petrotrin). The work began 2 Jan 2014 and the wide-azimuth acquisition work was completed on 30 May 2014…
Indonesian based MedcoEnergi announced it has reached an agreement to acquire 100% ownership of Storm Ventures International Ltd. (SVI) for a base purchase price of US$ 114.03 million, excluding an amount payable for working capital which is subject to a customary post-closing adjustment…
The Oyo-8 development well, located offshore Nigeria in OML 120, was spudded on 15 June 2014, operator CAMAC Energy Inc. announced. The Oyo-8 well, which CAMAC Energy owns and operates with 100% interest, lies within the Oyo field, which…
Just spin it the right way, and digital technol- ogy-working with standardized infrastructure, sprinkled with new age seismic sensors, analytics and algorithms - produces Big Data which transforms workflows, improves collaboration and enhances production and profit…
The topside destined for the Valemon field offshore Norway was loaded onto the heavy transport vessel Dockwise Triumph at Samsung Heavy Industries in South Korea, on 1 June 2014. The 216.75m-long vessel left the Geoje yard on the morning of 15 June…
Statoil’s Valemon oil field is located 160km west of the Norwegian coast and is one of the international energy company’s largest development projects. The site contains recoverable reserves of 26 billion cu. m of gas and five million cu…
Awareness is a very big word circulating around the industry these days. Awareness about automation. Things like Big Data. More awareness about safety. And a new-found enlightenment about security. With all the changes, and fears, this awareness brings…
More than 500 industry professionals came together for the sparkling 28th Offshore Achievement Awards ceremony in Aberdeen, 20 March. The Society of Petroleum Engineers (SPE) Aberdeen Section organized and hosted the awards, known as “the indus- try Oscars” and supported by Offshore Engineer…
As the PESGB reaches 50, 2014 President Oonagh Werngren takes stock of the North Sea oil & gas industry. At the start of 2014, I was fortunate enough to take up the reins as president of the Petroleum Exploration Society of Great Britain (PESGB)…
ConocoPhillips has started commissioning work on the Eldfisk 2/7 S facility following the installation of the topsides. The two modules that make up the Eldfisk 2/7 S topsides were transported from Kværner’s yard on Stord, Norway…
UK-based exploration firm Faroe Petroleum raised has £65 million in a stock market placing, which had hoped to raised £45 million. The firm, focused on Norway, the Atlantic Margin, and the North Sea, the cash will be used to pursue…
UK-based operator EnQuest has agreed to acquire ExxonMobil Exploration and Production Malaysia’s interest in the Seligi oil field and the PM8 PSC, offshore Malaysia, subject to approval by Petronas and conditions. The acquisition will…
Subsea 7 has been awarded a more than US$50 million contract in the US Gulf of Mexico by Freeport-McMoRan Oil & Gas in support of its velopment of the KOQV and Holstein Deep fields. The work scope covers the installation of flexible pipelines and umbilicals for both fields…