Drilling contractor Awilco Drilling posted zero revenues for Q1 this year and a net loss of US18.7 million, thanks to one rig being out of work and another undergoing work. While the firm has work for one of its two semisubmersible rigs…
Russian oil giant Rosneft has started drilling on the Lebedinskoye oil and gas condensate field, which sits under the Sea of Okhotsk, in Sakhalin region, Russia. It will drill a 5.3km-long, horizontal extend-reach well, drilled from the coast of Sakhalin Island…
OE readers won’t need much reminding of the parlous state in which oil and gas currently finds itself. That’s particularly the case here in the North Sea where the price slump is compounded by dwindling reserves and high operating costs. By contrast…
More than 68,000 people from 120 countries attended this 2016 Offshore Technology Conference (OTC) in Houston, according to data from the organizers. The numbers were down 28% on 2015, which saw 94,700 attendees from 130 countries, and down 37% on the 46-year high notched up in 2014…
The end of March saw a resolution reached between Kuwait and Saudi Arabia for the resumption of production from the Khafji field – located in the Arabian Gulf. The project was shut-in by the Saudis in October 2014 due to environmental regulation breaches…
Production from the Prinos and Prinos North oil fields, offshore northeast Greece has exceeded 4000 b/d, a two fold increase compared to the 2000 b/d produced before the start of an ongoing investment program, according to operator Energean Oil & Gas…
First oil has been achieved from the Aje field, offshore Nigeria, according to field partner Panoro Energy. The field is in OML 113, in the western part of Nigeria in the Dahomey Basin, and operated by Yinka Folawiyo Petroleum Company…
Oil & Gas UK has announced a new organisational structure, following a thorough business review. The revised business model is designed to make sure the leading trade association is in the best shape possible to promote and serve its…
Tapping small fields and coming up with economic early production system solutions offers engineers an interesting challenge. Elaine Maslin reports. Amplus’ VPU. Image from Amplus. There…
Tullow Oil’s production levels fell some in Q1, following issues at its Jubliee field, offshore Ghana, which the company said is due to resume operations in the next few days. Image of the FPSO Prof…
Byron Energy will further its efforts at the SM71-1 well in the Gulf of Mexico after encountering the presence of oil in three intervals, according to partner Otto Energy. A quad combo porosity logging run has been acquired and 7 5/8in…
Mubadala Petroleum encountered oil at two wells in the Manora field, offshore Thailand. Map from Mubadala. The Atwood Orca jackup drilled wells MNA-15 and MNA-16 wells to final total depths of 2566m and 2998m…
China National Offshore Oil Corp. (CNOOC) has started production at its Panyu 11-5 field in the South China Sea. Panyu is loctated in the Pearl River Mouth basin in 110m water depth. While there is currently one well producing approximately 3270 b/d…
Scanning the newspapers, social media and analyst coverage this year, there is consensus that a recovery in oil prices is coming, as a function of a reduction in over-supply, and that we should expect upward movement in prices later this year…
The National Ocean Industries Association (NOIA) board of directors has elected Kevin McEvoy as chairman and Dave Welch as vice chairman for the upcoming 2016-2017 term. McEvoy and Welch assumed their positions at the NOIA Annual Meeting in Washington…