Statoil announced further delay in developing the Johan Castberg project, postponing final concept selection on the Barents Sea project until 2015. “Unfortunately, the exploration campaign has proven less new oil resources in the Castberg area than expected…
Karoon Gas Australia Ltd. announced on 16 June that the Pharos‐1 well, located offshore Western Australia, was drilling ahead at 4570 mRT in the 8½-in. hole section. Since last reported on 30 May, the 12¼-in. hole section was drilled 1719m from the 133⁄8-in…
FTS International, based in Ft. Worth, Texas, announced today that it has signed a 15-year joint venture agreement with Sinopec Group to bring its well stimulation capabilities and expertise to China. Hydraulic fracturing is recognized as one of the keys to unlocking production in shales…
RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million bbl of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels…
UK-based oilfield services company Expro has successfully deployed its new design ExACT (Expro annulus-operated circulating and test tool) in its first live offshore well. The operation, a tubing conveyed perforating 'shoot and pull'…
Owen Kratz marks his 60th birthday this year, but he's far from settling down. The CEO of Helix Energy Solutions Group, including the business unit Well Ops, including business unit Well Ops, has the global intervention business in his sights…
UK offshore oil and gas industry optimism continues to decline amid rising operating costs and a decline in exploration activity. But, despite the declining optimism, sentiment in the industry still remains positive, according to Oil & Gas UK’s Q1 2014 Business Sentiment Index…
Statoil has exercised a two-year contract extension with Altus Intervention for the provision of mechanical wireline services on Statoil-operated fields and mobile drilling units on the Norwegian continental shelf. The scope of the extended…
Oil & Gas UK has released issue 2 of its guidelines on Blowout Preventer (BOP) operations for offshore wells to improve cross industry understanding of well-related issues on the UK Continental Shelf (UKCS). In addition to providing operators…
AGR's software solutions division had signed its first contract with Sakhalin Energy. The three-year deal includes the latest version of AGR's P1 software, as well as maintenance and support services. The software allows operators to maximize performance during well-construction projects…
UK-based downhole video technology specialist EV has opened a new technology center to house its research and development, which the company is expected to invest nearly £2million into over the next year. EV, which provides downhole video applications for the oil and gas industry…
ITF, the Industry Technology Facilitator, has started a joint industry pptoject (JIP) with Tullow Oil to establish a comprehensive, global wells and completions reliability database and is urging more operators to join the project. The…
Australia-based AWE Limited will now attempt to drill a sidetrack well in New Zealand after drilling issues encountered last week on the Pateke-4H were unable to be resolved. The lower part of the hole has been abandoned. Read more on Pateke drilling:http://www…
Well completions were given a workover in the first Simplified Series talk of 2014 in Aberdeen in January. The talks are held monthly and organized by the Society of Petroleum Engineer’s Aberdeen chapter Young Professionals group. January’s talk…
Oil and gas engineering firm Plexus Holdings has agreed a three-year contact with drilling and engineering company AGR Well Management Limited (AGR). Plexus will supply both its standard pressure and high-temperature/ high-pressure…