Oil News


SPE to lead industry 2.0

Aug 08, 2014

Aberdeen’s oil industry has pioneered global offshore harsh environment exploration, but it will need to “innovate its socks off” to maximize the North Sea’s remaining potential and remain competitive globally, a special SPE event in the Scottish city heard last night…

Hebron GBS towed to construction site

Aug 07, 2014

The ExxonMobil-operated Hebron oil field hit a milestone in late July when the gravity based structure (GBS) was towed from the dry dock to the project’s Bull Arm construction site. The 180,000-tonne structure arrived 10 hours after tow-out operations began…

Shell produces first oil at Bonga North West

Aug 06, 2014

Shell Nigeria Exploration and Production Company Ltd. (SNEPCo) began oil production from the first well at the Bonga North West deepwater development, off the Nigerian coast, approximately 120km offshore the Gulf of Guinea, on 5 August. Oil…

LQ platform topsides arrive at Filanovsky field

Aug 05, 2014

The living quarters platform (LQP-1) topside for the Vladimir Filanovsky field has arrived at its north Caspian Sea destination from Krasnye Barrikady shipyard in Russia’s Astrakhan region, the Russian Maritime Register of Shipping (RS) announced on 5 August…

The SPE ‘guardian angel’

Aug 01, 2014

Anthony Onukwu, SPE Aberdeen chairman. SPE Aberdeen chairman Anthony Onukwu reflects on society’s impact on the North Sea oil and gas industry as the Aberdeen section celebrates its 40th anniversary…

What will it take to develop offshore heavy oil?

Aug 01, 2014

The Mariner development concept. Images from Statoil.  The Mariner heavy oil field took 40 years, 12 oil companies, five seismic surveys, and 18 exploration/appraisal wells to get to where it is today…

Integrating automation offshore

Aug 01, 2014

As a part of creating production, here is a subsea production tree that mounts at the well head. Source: FMC Technologies  Peter Welander examines how the challenges of networking disparate elements are intense…

Bringing decommissioning to life

Aug 01, 2014

Sarah Parker Musarra examines decommissioning in the Gulf of Mexico, and how these facilities can become fixtures in the surrounding marine life. Reef site High Island 389, in Galveston’s Flower Garden Banks National Marine Sanctuary…

CNOOC begins Panyu 10-2/5/8 production

Jul 31, 2014

CNOOC Ltd. commenced production at its Panyu 10-2/5/8 project in the Pearl River Mouth Basin in the South China Sea, the company announced on 31 July 2014. This project includes three oilfields – the Panyu 10-2, Panyu 10-5 and Panyu 10-8 – with an average water depth of 100m…

Pemex oil production down, gas revenue up

Jul 29, 2014

Petroleos Mexicanos, Mexico's national oil company, released 2Q 2014 financial results last Friday. Total sales increased by $15.9 billion pesos (US$1.2 billion), which represented 4% growth year-over-year. The growth is primarily attributed to a 27…

Galp bites dust off Morocco

Jul 28, 2014

Portugal-based Galp Energia’s recent drilling campaign at the Tao-1 exploration well in the Tarfaya block off Morocco was unsuccessful, partner Tangiers Petroleum announced 28 July 2014. Australian-based Tangiers Petroleum, which holds 25% interest in the Tarfaya block…

CNPC, CUPET enter agreements

Jul 28, 2014

China National Petroleum (CNPC) and Cupapetroleo (CUPET) signed a framework agreement to increase crude output and production sharing and a cooperation agreement on drilling services in Havana, Cuba on 22 July. Under the agreements, CNPC…

JDR opens center in Cambridge

Jul 25, 2014

JDR is opening a new offshore engineering technology center in Cambridge on 28 July. The new Cambridge R&D team will evolve JDR’s specialist knowledge of subsea production umbilicals and subsea power cables to take on exploration challenges faced by oil…

API: Americans favor domestic production

Jul 24, 2014

A July 2014 poll revealed that if the US produced more oil and natural gas, it would greatly benefit job creation, increase government revenue and strengthen national security. API and Harris Interactive Poll According to a recent…

Crowley welcomes Ocean Sky

Jul 23, 2014

Crowley Maritime Corp. will christen the new ocean-class tug, the Ocean Sky, in Houston tomorrow. The 156-ft long Ocean Sky is the fourth of Crowley's new ocean-class tugs to leave the Bollinger shipyard, following its sister ship, the Ocean Sun…

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