China’s CNOOC has revealed its 2017 business strategy and development plan that includes a total of five new projects set to come onstream, and a capex that could reach US$10.2 billion (RMB 70 billion). Image from CNOOC…
Stabilizing oil prices have prompted producers to return to both shale and offshore projects, but the industry still needs to cut costs. A new workforce program offered by the University of Houston (UH) focuses on helping oil and gas…
China's CNOOC started production at its Enping 23-1 oil fields, in the Pearl River Mouth Basin of the South China Sea. The oil fields have an average water depth of approximately 90m, in which CNOOC holds 100% interest. There are currently three wells producing approximately 5600 b/d…
Amarinth, which specializes in the design, application and manufacture of centrifugal pumps and associated equipment to the oil and gas, petrochemical, chemical, industrial, power and renewable energy markets, has secured a further order…
Qinterra Technologies has been awarded a three-year wireline tractor and instrumented intervention services contract with a deepwater oil and gas operator in the US Gulf of Mexico, effective immediately. The scope of the contract includes tractor conveyance…
ExxonMobil’s double hit offshore Guyana this week has put the country in the spotlight with expectations of becoming a serious upstream player by early next decade, however, some roadblocks lie ahead, according to Wood Mackenzie. Map of Guyana…
Production on 10 January 2017 from the Beibu Gulf fields, offshore China, reached a total of 13.9 MMbbl, according to Horizon Oil. Up until this point, the Block 22/12 participants have been paying a fixed operating tariff of US$4.75/bbl to China National Offshore Oil Corp…
Oil and gas production on the Norwegian shelf is high. The adjustment process has been extensive, but the cost reductions implemented by the industry will lay the foundation for profitable activity for many years to come, the Norwegian Petroleum Directorate (NPD) said…
Malaysia's SapuraKencana Petroleum (SKPB) and UK-based engineering firm Proserv are joining forces to provide enhanced technology services offerings to clients in Asia Pacific. The firms will jointly provide a range of services across the drilling…
Short-term production from the BP-led Azerbaijan’s Azeri-Chirag-Gunashli (ACG) project in the Caspian Sea is expected to be flat, and contain gas rather than oil, according to a new analysis from Douglas-Westwood (DW). ACG…
ExxonMobil has developed cMIST, a technology which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology. This inline technology could be deployed at both…
Houston-based Vaalco Energy restarted production at the Avouma 2-H well on the Avouma platform, offshore Gabon, after utilizing a hydraulic workover unit to replace a failed electric submersible pump (ESP) system. Gabon drill floor operations…
Valhall and Hod have passed 1 billion boe produced, more than three times what was expected at the opening of the field in 1982, Aker BP said. Image of Valhall, from Aker BP. Hod…
Melissa Sustaita charts the progress of two of the Caspian region’s famed oil and gas projects, NCOC’s Kashagan and BP’s Shah Deniz. Last year (2016) had its share of peaks and valleys; however, it was a year of excellent progress for two huge projects in different sectors of the Caspian Sea…
Audrey Leon speaks with Lloyd’s Register about a new cloud-based software aimed at optimizing maintenance programs and reducing operational expenditures by up to 40%. Image from iStock. Managing…