Norwegian oil giant Statoil has increased its holdings off east Africa after acquiring a 12% working interest in a licence offshore Tanzania from Petrobras. The stake in Block 6 covers 5549sq km in the Mafia basin, with water depths of 1800m…
Petroceltic International has said the first of a four-well campaign in the Black Sea is to be plugged and abandoned after finding sub-commercial gas shows. The Kamchia-1 exploration well, in the Galata concession offshore Bulgaria,…
UK North Sea spending on well services has reached an all time high, according to a survey by industry body Oil & Gas UK. Its well well services sector report, based on a survey carried out since 1996, showed companies delivering drilling…
IKM Consultants has taken over Poseidon Consulting Services (PCS) after buying 100% of its shares from Siemens in Norway. Poseidon, which mainly focusses on subsea and pipeline work, has about 150 staff, which will be taken in to IKM's business…
Saipem is constructing a new fabrication yard in Brazil close to the Santos basin. Pier Alberto Viecelli and Andrea Intieri of Saipem share the details and scope of the investment. As the global offshore oil & gas industry makes giant steps towards ultra-deep waters…
Shell has contracted FMC Technologies to supply subsea equipment for its 100%-operated Stones field development in the US Gulf of Mexico. The contract’s scope includes the supply of eight subsea trees, a subsea manifold, topside, and subsea controls and associated equipment…
Lundin Norway AS completed drilling on wildcat well 7/4-3, 24 km north of the Brynhild field in the southern part of the North Sea. Lundin plugged and abandoned the well as a dry hole. Drilled by the Maersk Guardian to a vertical depth of 2957 m below sea surface…
Brazil-Açu Superport, largest port infrastructure in Latin America, bets on Petrobras’ participation. Peter Wertheim provides the details. According to a recent study by Booz & Company cited by Brazil’s National Petroleum, Gas and Biofuels Agency (ANP)…
Brazil is a veritable diamond in the rough for foreign and local investors alike. Firms are investing in new centers of technology, fabrication, and worker training to alleviate the country’s skills and infrastructure difficulties. Brazil is very much the place to be at the moment…
As FLNG starts to take off on a large scale, a consortium of companies is looking to make it a more cost effective and compact proposition. A consortium of companies has designed a new floating LNG (FLNG) system specifically aimed at small to mid-size gas fields…
Baker Hughes participated in the first successful marine methane hydrate production test well offshore Japan on March 12, 2013. The test was conducted from a drill ship for the Japan Oil Gas and Metals National Corporation (JOGMEC) in the Nankai Trough…
Liftboats started as a concept in South Louisiana with the first-known liftboats conceived in Braithwaite. The technology was developed locally and has continued to improve. A liftboat is a self elevating, self-propelled vessel equipped with…
TGS-NOPEC Geophysical Company (TGS) announced at its Capital Markets Day that it will embark on several new partnerships. TGS and Electromagnetic Geoservices ASA (EMGS) agreed to jointly development multi-client projects in defined areas in northwestern Europe…
Global oil services provider AGR Petroleum Services has signed an £18 million ($US 27.1 million) contract with Genel Energy to deliver well management services for Genel Energy’s North and West Africa offshore drilling campaign. The contract…
Wood Group PSN (WGPSN) will deliver operations & maintenance services to Hess Corporation's Baldpate production platform in the deepwater Gulf of Mexico, under a new five-year contract. WGPSN will also provide these services to Hess for…