Embattled Brazilian state-owned energy firm Petrobras has approved a new five-year investment plan for 2015-2019, which slashes total investments by 41% from last year’s estimates, the company announced on 29 June. Last year, the company announced it planned a total capex of US$220…
Anadarko's Heidelberg truss spar has set sail from Ingleside, Texas, to its future home at Green Canyon block 859 in the US Gulf of Mexico. The journey is some 390mi off the Texas coast. The US independent confirmed the news via Facebook on Tuesday…
Fugro is providing wave measurements to support construction operations at an improved oil recovery (IOR) project on the Norwegian continental shelf, around 225km west of Stavanger. The subsea infrastructure on the Alvheim field…
Every project is different and comes with its own unique challenges, however ADIL has developed a set of golden rules which provide the industry with a best practice approach to delivering value in brownfield developments in an increasingly constricted marketplace…
Two additional contracts have been awarded for the Shah Deniz Stage 2 project, offshore Azerbaijan in the Caspian Sea, some 100km south of Baku, operator BP announced. FMC Kongsberg Subsea won a US$297 million contract for the supply of the subsea production system hardware…
PetroVietnam has purchased Chevron’s Vietnamese assets including acreage off the country’s continental shelf and an offshore pipeline project, the Vietnamese national announced on 17 June. Under the deal it struck with Chevron, PetroVietnam…
Brazil's state-run oil company Petroleo Brasileiro stopped production from its P-40 platform in the offshore Marlim Sul field after a gas leak was discovered, reports Reuters Africa. Reuters quoted Petrobras’ statement that the leak was quickly controlled…
Mubadala Petroleum began oil production from the Nong Yao field in the G11/48 license in the southern Gulf of Thailand from three initial wells on 17 June. Map of G11/48 off Thailand. From Mubadala…
Production commenced from Houston-based Erin Energy’s Oyo-7 well offshore Nigeria, with the expectations to double the company’s current production rate out of the Oyo field. The Armada Perdana…
API encouraged congress and regulators to prioritize Arctic offshore oil and natural gas development as the House Natural Resources Committee prepared to hold a hearing on Arctic energy today (16 June). “Arctic oil and natural gas…
The Petroleum Safety Authority Norway (PSA) granted an extension to ExxonMobil to use the Jotun A floating production storage offloading (FPSO) vessel and Jotun B wellhead platform beyond their original expected lifetimes in the North Sea…
Lundin Petroleum successfully completed drilling two appraisal wells that encountered hydrocarbon pay in the Alta discovery offshore Norway, in the Barents Sea. The Island Innovator. Image from Island Drilling…
China National Offshore Oil Corp. (CNOOC) commenced production at the Dongfang1-1 gas field Phase I adjustment project ahead of schedule, in the South China Sea. Image from CNOOC. The…
Lundin Norway received approval from the Norwegian Petroleum Directorate to drill an appraisal well located southeast of the giant Edvard Grieg field, in the central North Sea. Map of well 16/1-23S…
ALE is half way through the Malikai project in Malaysia, which is expected to include the world’s highest jackup and skidding operation. The global heavylift specialist was awarded the contracts for the Malikai project on behalf of TMJV…
