Halliburton has released the Geometrix 4D shaped cutters, a line of four distinct geometric profiles to help improve cutting efficiency and increase control to reduce drilling costs. “The launch of Geometrix cutters demonstrates our…
Eni now estimates Area 1 in Mexico’s Campeche Bay to contain between 1.4 to 2 billion boe – 90% of which is oil -- thanks to Eni’s successful Tecoalli-2 well and revision to the reservoir models for the Amoca and Mitzon fields. Mexico's…
West of Shetland fractured basement explorer Hurricane Energy says work on its Lancaster early production system EPS) floating production unit and turret in Drydocks World, Dubai, are on schedule. The Lancaster EPS is a two-well tieback to a floating production…
Kosmos Energy's Lamantin-1 exploration well on Block C-12 offshore Mauritania has disappointed. The well, drilled in 2200m water depth and to a total depth of 5150m, hit a water bearing reservoir with residual hydrocarbons. It is thought…
ExxonMobil is assessing commerciality of the Avestruz-1 well, which struck oil in Block EG-06 offshore Equatorial Guinea, the nation's Ministry of Mines, Industry and Energy said today (11 December). Drilled in October by the West Polaris drillship in around 3400ft (1050m) of water…
Maersk Oil and the Danish Underground Consortium are investing US$3.36 billion to redevelop Denmark’s principal gas field. Watch the video below or read more here
UK-based fractured basement reservoir explorer Hurricane Energy says a new competent person's report (CPR) across its Rona Ridge assets has seen an increase in its reserves estimates - by 231%. The report, by by RPS Energy Consultants…
EnQuest COO and executive director Neil McCulloch is stepping down today from his posts, by mutual agreement, according to the UK independent operator. In his place, Faysal Hamza has been appointed Interim Head of North Sea, and Bob Davenport has been appointed Managing Director…
New North Sea-focused independent Spirit Energy, owned jointly by Centrica and Bayerngas Norge, has launched. Spirit Energy combined Centrica’s E&P business with Bayerngas Norge, under a deal announced in July this year. Spirit…
CATS Management, part of Antin Infrastructure Partners, is to buy Premier Oil's stake in the Esmond Transportation System (ETS) pipeline in the UK North Sea. The ETS pipeline was constructed in order to transport gas from Esmond…
Mexico’s state-owned firm Pemex has canceled its tender for the Nobilis-Maximino farm-out that was scheduled to coincide with the country’s next deepwater round (2.4) in January. Juan Carlos Zepeda, president commissioner…
Norway’s Petroleum Safety Authority (PSA) has granted Eni permission to restart production at its Goliat development after verifying the company has addressed electrical safety issues at the field. Goliat FPSO Source: Eni In October…
Norwegian geoscience frim Spectrum has started a 2D seismic survey offshore Mozambique, in partnership with WesternGeco, for the country's Institute of National Petroleum (INP) ahead of future licensing rounds. The seismic survey will cover up to 19…
UK independent RockRose Energy has completed its acquisition of Idemitsu Petroleum. RockRose agreed to acquire Idemitsu Petroleum from Japan's Idemitsu Kosan in October. Idemitsu's UK assets comprise a substantial number of producing fields in the North Sea…
BASF and LetterOne have agreed to merge their oil and gas subsidiaries Wintershall and DEA, creating a joint venture the companies say would become one of Europe’s largest exploration and production firms. Under the agreement, BASF would hold 67% of the shares in the venture…