Offshore Production News - page 244


GOM lease sale raises US$1.2B

Mar 21, 2013

The latest Gulf of Mexico Lease Sale 227 held Wednesday drew $1.2 billion in high bids for tracts spanning the coasts of Louisiana, Mississippi and Alabama. Statoil was the highest bidder on 15 leases, the company announced on 20 March 2013…

MECO to build new desalination system

Mar 21, 2013

MECO to build a second prototype Prototype system for Office of Naval Research to produce 4,000 g/d. Louisiana-based MECO has been selected by The Office of Naval Research (ONR) to construct a new prototype advanced desalination system…

Effective coordination leads pathbreaking project at Mumbai High

Mar 20, 2013

In 2000, ONGC announced its plan for Mumbai High redevelopment, to arrest decline and increase the production by improving the field’s oil recovery factor. The redevelopment project was in two phases; the first began in 2000 and finished in 2006…

Pena Nieto denies privatization

Mar 19, 2013

Mexico's President Enrique Pena Nieto denied rumors that the state-owned oil company Pemex (Petroleos Mexicanos) will be privatized. Pena Nieto appeared at the 75th anniversary of the expropriation of the oil industry from foreign interests…

The recovery challenge

Mar 18, 2013

Production from subsea wells is growing in importance in many operator portfolios. As easily accessible oil is depleted, subsea processing offers a compelling solution to economically produce in a variety of challenging conditions. Worldwide…

Eni achieves first oil from Junin-5

Mar 15, 2013

PetroJunín, joint venture formed by PDVSA (60%) and Eni (40%), has started production from the Junín-5 giant heavy oil field, located in the Faja del Orinoco, the area with the largest untapped hydrocarbon reserves in the world. The block is…

Contractors lead UK optimistm

Mar 12, 2013

The confidence of Britain’s oil and gas industry is steadily increasing according to Oil & Gas UK’s business confidence index published today.Oonagh Werngren of Oil & Gas UKAn analysis of data gathered in February reveals that the sector has…

Opito trains Iraqi, Malaysian workforces

Mar 11, 2013

Optio trains workforces Opito International has been awarded a contract with Shell to support the development of training for workers on the Majnoon project. The company will help improve vocational training centers in Basra, training Iraqis to industry expectations and Opito standards…

Russia's Neftegaz joins 20 deepwater GOM blocks

Mar 06, 2013

Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquires 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by ExxonMobil, under an agreement signed by the two companies. Rosneft President Igor I…

CX-15 tower installation

Mar 05, 2013

Offshore engineering firm GMC Ltd. provides this video of the 2,500-ton CX-15 buoyant tower, touted at the world's largest, being installed at Corvina Field off Peru for BPZ Energy. The tower hull measures 69.9m with four, ring-stiffened…

Chevron cheers St. Malo flow

Mar 01, 2013

Chevron Corp. conducted a successful production test on the St. Malo PS003 well in the Lower Tertiary trend in the deepwater Gulf of Mexico. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 b/d. Click to view largerThe test…

Ithaca Energy buys Valiant

Mar 01, 2013

North Sea independent exploration firm Ithaca Energy has agreed a deal to buy fellow London AIM-listed explorer Valiant Petroleum.Ithaca said the deal, which values Valiant at about $309million, would establish it as “a leading mid cap North…

BPZ updates CX-15 spud date

Feb 28, 2013

BPZ Energy expects to spud the first well at its CX-15 development, off Peru, within three to six weeks depending on weather and sea conditions, the company confirmed on 28 February 2013.CX-15 platform (Image: GMC Ltd.)The company said further…

Wison enters LNG agreement

Feb 28, 2013

Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced an agreement with EDF Trading and Exmar NV to support their collective endeavors to pursue LNG export opportunities in North America using offshore, barge…

North Sea news

Feb 28, 2013

News from the North Sea from Bridge Energy, Faroe Petroleum, Lundin Petroleum and E.ON.Transocean Arctic will drill the Amol prospect (Image: Petroleum Safety Authority of Norway)Bridge EnergyJunior North Sea explorer Bridge Energy has said…

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