Mexico is one of the largest producers of petroleum and other liquids in the world, the fourth-largest producer in the Americas after the United States, Canada, and Brazil, and an important partner in US energy trade. In 2014, Mexico accounted for 781…
Statoil's US$2.34 billion Asgard subsea gas compression project came onstream last week as the world's first subsea gas compression facility 300m below the surface of the Norwegian Sea. In this illustrated video, the Norwegian giant shows the installation and how it will work…
Falklands focused Argos Resources has completed a farmout agreement with Noble Energy Falklands and Edison International over license PL001 in the North Falklands Basin. The agreement will allow exploration drilling on the license, which…
Independent explorer Kosmos Energy has decided to pull out of its three licenses in the Porcupine Basin, offshore Ireland. According to partner, Ireland-based Europa Oil & Gas, Kosmos has withdrawn from the joint operating agreements…
Claxton has installed a high-pressure drilling riser system as part of a multimillion-dollar contract for the Catcher area field development in the central North Sea. “Claxton was the only company to offer Premier Oil a fully-forged…
Wood Group has been chosen by Statoil to provide four-year operations and maintenance at the Peregrino field offshore Brazil. The contract covers two wellhead platforms (Alpha and Bravo) and modification services for both units and the Peregrino FPSO…
For much of the period since the year 2000 – characterized by high and rising oil prices, and long-term concerns over global oil supply – decommissioning took a backseat. Asset lives were extended through improved recovery, enhanced maintenance…
Richard McLaughlin has been appointed by the National Academy of Sciences to serve on its newly created Committee on Environmental Sciences and Assessment for Ocean Energy Management. This committee will provide independent oversight and…
A hike in Petróleo Brasileiro’s (Petrobras) average production in oil and natural gas, in addition to pre-salt for the month of August set historic records for the Brazilian giant. Oil. Image from Petrobras…
A joint venture between Harkand and Consolidated Shipping Agencies (Conship) Ltd. has resulted in its first contract win in Ghana, West Africa. The award will see the delivery of onshore and offshore support to Technip in the region. Having formed a strategic alliance with Conship…
Karoon Gas Australia is revising its previous estimates of the Kangaroo field in the Santos basin offshore Brazil that decreases its 2C resources by nearly 39%. The Australian company is also estimating its Echidna’s light oil gross contingent 2C resource volume to be of 75 MMbbl…
Primeline Energy Holdings announced that its drilling contractor China Oilfield Service (COSL) started the mobilization of the rig for the drilling operation of LS23-1-1 well, in the East China Sea. Following the signing of the drilling…
Polarcus announced that the company has received a letter of intent from an undisclosed client to execute a 3D marine seismic project in West Africa utilizing Polarcus' RightBAND technique for broadband data acquisition. The project…
Statoil awarded FMC Technologies a US$172 million engineering, procurement, and construction (EPC) contract for Phase 1 of the Johan Sverdrup field. The Johan Sverdrup field center. Image from Statoil…
On 14 September, Mexico's Finance Ministry announced the minimum acceptable bids for the shallow water development opportunities phase of Round One. Image of Round One. From CNH. Wood…