Petrobras shared innovations and efficiency gains related to the Libra field at the Offshore Technology Conference (OTC) in Houston. Petrobras says collaboration between Libra area partners has produced a US$13/bbl reduction to the project's breakeven price…
A federal regional court in Brazil will allow the transfer of Petrobras' BM-S-8 exploration block, which includes the Carcará field, to Norwegian major Statoil, Petrobras announced today 2 May. 'With the favorable decision of the court…
French major Total has signed two agreements with Senegal, allowing the firm to explore in Senegal’s deep and ultra-deep offshore. “These agreements are part of the company's strategy to carry out exploration activities in new deepwater…
Aker BP, Lundin and NOV have signed an agreement with Norway's Fuglesangs Subsea to develop and test a full scale prototype of what has been called 'the worlds most autonomous boosting system.' The system will be qualified as part of…
Magseis has successfully completed the initial part of Saudi Aramco’s Red Sea seabed seismic survey together with its partner BGP and is now starting an extension project. Following a short yard stay and mobilization, the crew has started…
Total has started production from the offshore Badamyar project, 220km south of Yangon, Myanmar. The project will enable an extension of the Yadana gas field’s 8 Bcm per year production plateau beyond 2020. The Badamyar project involved installing a new wellhead platform…
The Steam Oil Production Company has entered into a cooperation agreement with FluidOil, an independent heavy oil technology company, to explore the potential of integrating FluidOil’s Viscositor Heavy-to-Light (VHTL) oil upgrading technology into an offshore steam flooding project…
Ophir Energy's Fortuna LNG development is a step closer to reality after signing an umbrella agreement, which sets out the legal and fiscal framework for the project. Ophir, the Republic of Equatorial Guinea, OneLNGSA and La Compañía…
Xvision Software has developed FieldAP, a 100% cloud-based technology for the energy industry providing offshore project managers with an online tool for visual field development, digital planning and cost containment. According to Xvision…
Offshore Technical Compliance (OTC), a provider of compliance related services, has acquired Northwest Technical Solutions (NWTS) as a wholly-owned subsidiary, extending the efficiency and reach of its offshore services. The acquisition of NWTS…
Weatherford International (WFT) has released the RipTide RFID drilling reamer that incorporates advanced cutter technology at the 2017 Offshore Technology Conference. The RipTide RFID drilling reamer is a proven tool that has been deployed in deepwater fields throughout the world…
Lloyd’s Register (LR), a global provider of engineering and technology-centric professional services, has launched its Virtual Reality (VR) Safety Simulator at the Offshore Technology Conference 2017 in Houston, Texas, to help further support…
Lamprell has completed construction on the final jackup drilling rig in a series of nine, the Al Lulu, and delivered it to Abu Dhabi’s National Drilling Company (NDC), within budget and on schedules. The contract for the NDC Al Lulu rig was awarded in April 2015…
Mexico's Petroleos Mexicanos (Pemex) has signed an agreement to license data from the WesternGeco Campeche wide-azimuth (WAZ) multiclient seismic survey in the Salina del Istmo province of the southern Gulf of Mexico, said Schlumberger (SLB)…
The UK's Oil & Gas Technology Centre (OGTC) has launched its first 'Call for Ideas,' inviting innovative technology concepts and ideas to transform the way that offshore oil and gas wells are plugged and abandoned. The OGTC is planning to invest about US$1…