Offshore News


Statoil natural gas discovery offshore Tanzania

Jun 18, 2014

Statoil announced the discovery of 2 to 3tcf of natural gas in place in the Piri-1 well, bringing the total of in-place natural gas volumes up to approximately 20tcf in Block 2 offshore Tanzania. The new gas discovery was made in the…

First subsea piling services operation completed in Norway

Jun 18, 2014

Conductor Installation Services Ltd (CIS), an Acteon company that provides hammer services to install conductors and drive piles, announced that it successfully completed its first subsea piling services contract.  CIS used its new remotely operated Subsea Piling System…

Karoon releases Pharos-1 progress report

Jun 17, 2014

Karoon Gas Australia Ltd. announced on 16 June that the Pharos‐1 well, located offshore Western Australia, was drilling ahead at 4570 mRT in the 8½-in. hole section. Since last reported on 30 May, the 12¼-in. hole section was drilled 1719m from the 133⁄8-in…

MedcoEnergi returns to Tunisia

Jun 16, 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…

Kashagan production remains frozen

Jun 13, 2014

North Caspian Operating Co. BV (NCOC), the seven-company consortium behind Kashagan development, confirmed 12 June that production is not expected to resume in 2014. It appears that “both oil and gas lines might have to be fully replaced…

AWE drills Oi exploration well

Jun 03, 2014

Australia’s AWE Limited announced that drilling on the Oi-1 exploration well in the Tui area oil fields, located off New Zealand in the Taranaki Basin, commenced on 30 May with the semisubmersible Kan Tan IV. Oi-1 is located approximately…

Wison offers Pandora FLNG concepts

Jun 02, 2014

Houston’s Wison Offshore and Marine presented two concepts to the Pandora LNG joint venture partners for development of the Pandora gas field offshore Papua New Guinea, Cott Oil and Gas (40% interest) announced on 2 June 2014. Wison was…

Fire strikes Petrobras platform

Jun 02, 2014

Petrobras reported a fire on 31 May aboard semisubmersible platform Namorado 1 (PNA-1), located in the Campos basin at Namorado field, which is operated by the Brazilian national. Sindipetro, the area oil union, said that thefire broke out near the platform’s water tank just after 5 p…

Rolls-Royce wins Island Offshore vessel design work

May 29, 2014

Rolls-Royce has secured a £35 million (US$58.5 million) contract to design and equip a large offshore support vessel for Norwegian ship owner Island Offshore.  The vessel, Island Victory, is a UT 797 CX design, featuring a 250 ton offshore crane…

Gazprom Neft, EDC sign agreement

May 23, 2014

Gazprom Neft has announced the signing of a three-year framework agreement on drilling and well reconstruction with  drilling service provider Commonwealth of Independent States Eurasia Drilling Company Limited (EDC). Under the terms of this agreement…

Fairfield extends PD&MS North Sea contract

May 20, 2014

Engineering company PD&MS Energy has been awarded an offshore contract extension for engineering work on Fairfield Energy’s North Sea assets. Following an initial three-year contract, the options will see the Aberdeen-headquartered company provide engineering…

Rosneft, ExxonMobil begin grav-mag surveys in eastern Russian Arctic

May 01, 2014

In early April, Rosneft and ExxonMobil began aerial gravity-magnetic surveys over offshore blocks in the Yuzhno-Chukotsky licence area in the eastern Russian Arctic to establish the subsurface structure of the field. As part of a framework agreement…

Floating nuclear plant design unnveiled

Apr 21, 2014

A new design for nuclear plants built on floating platforms, modeled after those used in the offshore oil and gas industry, has been created by professors at Massachusetts Institute of Technology (MIT). They say such a design could help avoid the disaster at Fukushima Daiichi nuclear plant…

Myanmar announces offshore winners

Mar 26, 2014

The government of Myanmar (Burma) has  named Chevron, BG Group, Statoil, Woodside Energy, Shell, and ENI, among others, as selected candidates for its 2013 offshore licensing round. The move follows the lifting of Western sanctions in 2012…

OTC 2013: Exhibition floor time-lapse

Mar 21, 2014

Take a look behind the curtain at Offshore Technology Conference with this exhibition time-lapse video, which captures the two-week move in period through day three of OTC 2013. This is the best way to watch the OTC exhibition floor…

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