Premier Oil spudded its first 2015 Falklands drilling campaign well, 14/15-5, using the Eirik Raude semisubmersible drilling rig on the Zebedee prospect on 6 March. The well, on license PL004b, will test a total of seven stacked fan bodies…
The 50/50 Technip and Techint consortium awarded Aqualis Offshore a contract to be the marine warranty surveyor for all marine operations related to the integration of the P-76 floating production storage and offloading (FPSO) unit at Techint’s yard in the south of Brazil…
The bodies of three crewmembers who went missing after an explosion on the Cidade de São Mateus FPSO last month have been found, the vessel operator BW Offshore announced today (3 March). The death toll from the explosion has now risen to nine…
Petrobras's executive board approved a two-year (2015/2016), US$13.7 billion divestment plan. The plan includes exploration & production assets in Brazil and abroad (30%), as well as assets in the downstream (30%), and gas and energy (40%) segments…
Tupi BV awarded Technip a contract to supply high technological flexible pipes for the Lula Alto pre-salt oil field off Brazil. Map from Petrobras. Lula Alto is an ongoing development located in the Santos basin…
Repsol’s Director for Exploration and Production Technology Santiago Quesada discusses the company’s partnership with IBM aimed at developing cognitive technologies for better decision-making. As demand for oil and gas increases and oil plays mature…
Will subsea tech join fracking slowdown? There may be too much momentum. Bruce Nichols reports. Testing for Train 2 of the Asgard subsea compression system was completed in December at Aker Solutions’ dockside yard in Egersund…
Statoil and its Peregrino field partner Sinochem submitted its US$3.5 billion development plan for the Peregrino Phase II project to Brazilian regulator, the National Agency of Petroleum, Natural Gas and Biofuels, at the end of January, the Norwegian explorer announced on 27 February…
Talisman Energy shareholders approved Spain’s Repsol to take over the Canadian company for an estimated US$8.3 billion. Image from Repsol. In an overwhelming vote of more than 99%…
Teekay Offshore provides a look at their newest first floating accommodation vessel, the Arendal Spirit, during its sea trials. Teekay took delivery of the vessel from Cosco's Nantong yard just this week. The Arendal Spirit is…
The PetroRio acquisition of Shell’s 80% stake in the Bijupirá and Salema fields, and the Fluminense FPSO cost the company US$150 million. PetroRio acquiring the Fluminense FPSO in Shell deal. Image from Modec…
Update: 17 February 2015 - BW Offshore has confirmed that the death toll has now risen to six after an explosion on the the company's Cidade São Mateus FPSO offshore Brazil. The body of one of the previously four missing Brazilian…
Karoon Gas Australia’s Kangaroo-2 confirmed more pay at the second sidetrack well in the shallow offshore waters of Brazil. Map of the Santos basin. From Karoon. Kangaroo-2 is located in exploration Block S-M-1165 in the Santos basin…
Petrobras said tests confirmed the size of the oil discovery at Libra's first appraisal well, 3-BRSA-1255-RJS (3-RJS-731), informally known as NW-1. Tests at the well, located 185km off Rio de Janeiro, proved an 290m oil column and carbonate reservors of high porosity and permeability…
Rosneft CEO Igor Sechin addressed the International Petroleum (IP) Week forum in London, stating that the oil markets are in a fairly acute crisis. Image from Rosneft. “In the second half of 2014 there was a drop in oil prices…