Japan's Mitsui & Co. has reached an agreement with Shell to acquire 20% working interest in the supermajor's 100%-operated Kaikias and Circius fields in the US Gulf of Mexico, the firm announced on 5 December. The two fields sit in four blocks (MC-767…
New products, more data and leaner ways of working can change the way the industry identifies, develops and produces reserves. AnTech’s Tim Mitchell outlines the role fiber optics have to play. AnTech’s hybrid wellhead outlet…
After proving a deft hand at reusing topsides, Engie is now looking to do the same with jackets – but instead of moving them to new sites as production facilities, the firm wants to make them into marine habitats. Elaine Maslin reports. Engie’s vision…
After more than three decades’ production, the mighty Murchison platform was finally down-manned this year. Work to dismantle the 25,000-tonne topsides is ongoing. Elaine Maslin reports. CNR International’s…
The Organization of the Petroleum Exporting Countries (OPEC) has confirmed its decision to implement a new OPEC-14 production target of 32.5 MMb/d effective 1 January 2017 to accelerate the ongoing drawdown of the stock overhang and bring the oil market rebalancing forward…
Lukoil has struck more pay at its third well in the Vladimir Filanovsky field in the shallow waters of the Caspian Sea. The LSP-1, from Lukoil. The horizontal section of the well is 1217m long…
Electricity has been generated for the first time at Burbo Bank Extension offshore wind farm, a joint venture between DONG Energy (50%) and its partners PKA (25%) and KIRKBI (25%). With the initial turbines recently installed, power…
Norway-based ExproSoft has developed WellMaster Simulator, a cloud-based well life simulator for new and mature fields. The solution is designed to help oil and gas operators predict well interventions, downtime, and operating expenses (OPEX)…
BP and GE Oil & Gas announced the start-up of Plant Operations Advisor (POA), a new digital solution designed to improve the efficiency, reliability and safety of BP’s oil and gas production operations. POA is already helping BP manage the…
A total of 32 crude and natural gas projects are expected to commence operations in the North Sea region by 2025, with the UK claiming the highest number at 22, followed by Norway and Denmark with nine and one respectively, according to research and consulting firm GlobalData…
Carnarvon has updated resource estimates for the Roc, Phoenix, and Phoenix South areas in the WA-435-P and WA-437-P permits, offshore Australia. “Our resource estimates are based on the successful drilling results to date and a foundation…
North Sea intervention firm Altus Intervention has won a fixed term, five-year contract to provide well intervention services for Maersk Oil UK. Altus Intervention was awarded the contract for the provision of slickline services, coiled tubing services…
Sonangol and its Block Zero partners Cabinda Gulf Oil Co., Total E & P Angola, and Eni Angola, started the early production system (EPS) operations at the South Wellhead Platform of the Mafumeira Sul project, off the Coast of Malongo, in the province of Cabinda on 31 October…
Total investment in oil and natural gas extraction in Norway was 21% lower in 1H 2016 compared with 1H 2015, a decline of about US$3.5 billion (NOK 20.9 billion). However, investment cuts have affected some segments of the industry more than others…
Aker BP (formerly Det norske and BP Norway) has awarded Altus Intervention an up to nine-year frame agreement contract for well intervention services. Services, starting mid-December, included consist of casedhole wireline, slickline…