As oil prices move ever lower, Wood Mackenzie assessed at what price the operating cash flow from producing oil fields turns negative. Negative operating cash flow can be an immediate brake on production. While Wood Mackenzie does not think this floor will necessarily be triggered…
In 2013, Brazil produced 2MMb/d of crude oil and nearly 1Tcf of gross natural gas. Within these figures, the share of production from presalt resources found under thick layers of salt thousands of feet below the ocean's surface remains small but continues to increase…
Mexican national oil company, Petróleos Mexicanos (Pemex) took delivery of its first of two KFELS B Class jackup rigs from Singapore’s Keppel FELS. The Yunuen jackup. From Keppel. The…
While positive measures have been taken to attract investment in the UK’s exploration and production (E&P) sector, low oil prices and the country’s high tax burden mean that more significant changes are required to make new developments commercially viable…
Chevron discusses what it takes to deploy the technology and deliver first oil from the Jack/St. Malo fields, which are among the largest in the Gulf of Mexico. Discovered more than a decade ago, Jack and St. Malo are expected to deliver more than 500MMbbl…
Royal IHC acquired a majority stake in Brazilian-based Brastec Technologies. Brastec Technologies designs and builds custom production lines for the production of umbilicals and flexible pipes. The company said the agreement allows them…
Eni has started production from Nené Marine field, offshore Congo, just eight months after obtaining the production permit and 16 months following the exploration discovery. The 1.5 billion boe field, in Marine XII Block, about 17 km from the coast and in 28m water depth…
GlobalData’s Adrian Lara sheds light on the kinds of deepwater projects expected to advance while the price of oil continues to fall. Engineers from Jumbo Maritime deliver 25 MOF caissons for the…
The shallow waters of the Persian Gulf, also known as the Arabian Gulf, belie the plethora of offshore infrastructure – new and old – in the Middle East. Elaine Maslin probes beneath the waves. In 2005…
The pressure is on to find economically viable ways to develop marginal fields, in the UK North Sea and further afield. Ben Smith and Ed Randall look at the challenges and options. More and more emphasis is being placed by operators and…
Sarah Parker Musarra examines Israel’s Leviathan field’s potential and separates fact from misconception. The Tamar field, which was turned around from discovery into production in only four years…
The year is 1975. OE's first cover. Jaws, The Godfather 2, Young Frankenstein, and Tommy are playing at movie theatres. Glen Campbell, David Bowie, and The Captain & Tennille are dominating the radio waves with Rhinestone Cowboy…
Year in review: 2014 - OEDigital’s top stories Mozambique NG flow test. OE staff presents a look back at 2014’s top stories posted on OEDigital.com. It was a year filled with highs and lows…
Production from the Kinnoull field in the North Sea has started, operator BP said this morning. The Kinnoull field, BP's seventh and final major project in 2014, has been developed as part of the Andrew field area rejuvenation, extending production there by a decade…
Transocean's Sedco Express semisubmersible drilling rig arrived at the Oyo field in oil mining lease (OML) 120 to begin operations for CAMAC Energy, offshore Nigeria. The Sedco Express. From Transocean…