Red Marine, based in Hexham, has completed a qualification testing program on a new vent valve for FMC Technologies. The program to validated the performance of the vent valve against industry standards including ISO 10423 (API 6A). Used during workover operations…
CNOOC says the Weizhou 12-2 oilfield joint development project (Weizhou 12-2) and Weizhou 11-4 North oilfield Phase II project (Weizhou 11-4 North) have recently started production. The Weizhou 12-2 project is in the Beibu Gulf basin…
So much for a happy new year! The first few weeks of 2016 have given no cause for cheer with crude falling a further 20%, more job losses, and further project delays or cancellations. Colin Welsh…
Schedule slippage is an ever-present reality for exploration and production (E&P) projects, especially for the more complex mega-projects, says Norwegian oilfield analysts Rystad. 'In addition to subsurface challenges, above-ground issues…
Carnarvon Petroleum has secured 35% stake in license TR/3 in the Barrow sub-basin offshore Austrailia, joining operator Quadrant Energy. Image of the Noble Tom Prosser, courtesy of Noble. The…
The Petroleum Safety Authority (PSA) of Norway has granted Statoil consent to use the Bideford Dolphin mobile drilling facility to drill a sidetrack on the Vigdis field in production license 089. The planned start-up is early February and the activity is estimated to last 8 days…
Ratings and investor service firm Moody's has lowered its price estimate for Brent crude in 2016 to US$33/bbl, from $43/bbl, and suggests crude 'will remain well below $50/bbl through 2018.' West Texas Intermediate has also been lowered to $33/bbl…
From 2014 to 2040, global energy demand will increase by 25% due to population growth and economic expansion, according to ExxonMobil’s 2016 edition of The Outlook for Energy. Energy demand. Graph from ExxonMobil…
Statoil has picked Aker Solutions to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea. The announcement comes just days after Statoil said it was now moving ahead with the delayed project…
Equatorial Guineas’ Ministry of Mines, Industry and Energy, on behalf of the government of Equatorial Guinea signed a production sharing contract (PSC) with ExxonMobil E&P Equatorial Guinea (Offshore) and GEPetrol for Block EG-06, offshore Bioko Island…
Implementation day for the Joint Comprehensive Plan of Action (JCPOA), an agreement among Iran, the P5+1 (the five permanent members of the United Nations Security Council and Germany), and the European Union (EU), occurred on 16 January…
The second appraisal well, SNE-3, to be drilled on the SNE oil field, 100km offshore Senegal, has been re-entered and will now be drilled to planned total depth. SNE-3 well, located approximately 3km south of the initial SNE-1 discovery well…
Peter Bennett has been appointed as chief executive officer (CEO) of Australian diversified engineering firm Clough and the Murray & Roberts oil and gas business platform, with effect on 1 February 2016. Bennett will also join the Murray & Roberts board…
Over the weekend, the six world powers (P5+1), European Union (EU), and Iran reached an agreement that lifted sanctions on Iran’s oil production that will see Western nations enter Iran for oil exploration and production for the first time in more than a decade…
Anadarko Petroleum achieved first oil at Heidelberg in the deepwater Gulf of Mexico last week. Map of Heidelberg. Courtesy of Anadarko. Heidelberg is located in Green Canyon 859…