BW Offshore has signed a letter of intent to acquire 30% of the Polvo oil field, located in the Campos basin in Brazil. Following the ongoing sale of BP’s stake in the Polvo field to HRT Participações em Petróleo S.A. (HRT), BW Offshore has the intention to acquire half of HRT’s stake…
Following BP’s September announcement that it was canceling its massive Mad Dog contract, the supermajor is now working with partners Chevron Corp. and BHP Billiton Petroleum to develop Phase 2. BP is reportedly entering topsides pre…
London-based Premier Oil, and partner Salisbury-based Rockhopper Exploration Plc, selected a tension leg platform (TLP) with an integral drilling rig, to develop the Sea Lion project north of the Falkland Islands. The company said that…
The Statoil-operated Peregrino field, one of Brazil’s most significant offshore producers, is a wealth of resources, including Norwegian- developed technology. Sarah Parker Musarra chatted with Statoil Brazil Country President Thore E. Kristiansen…
The longest pig run was performed along the Nord Stream pipeline between Germany and Russia last year. Elaine Maslin found out more. At 1224km (759mi.) long, the Nord Stream’s twin offshore pipeline gas transportation sys- tem from Russia to Germany…
Baker Hughes kicked off its first STEM event for high-school students in the Houston area this past summer, inviting 22 students to visit its drill bit manufacturing facility in The Woodlands, Texas. The success of the program, and positive feedback throughout the industry…
Geoprediction firm Ikon Science acquired the software, services and intellectual property of Bergen, Norway, headquartered Terra Geotech AS. Eamonn Doyle, the founder of Terra Geotech, has joined Ikon as the VP, real-time operations, bringing…
European Chapter Innovation Award (EJCA). The EJCA enables clients to deploy bridge plugs and retrieve bridge plugs in a single trip. The EJCA has saved two wireline runs per intervention and has ensured the plugs can be equalized even in high debris well environments.
Fugro’s wholly-acquired Advanced Geomechanics Pty Ltd. (AG) will become part of its global geoconsultancy practice.The nearly 20-year-old, Perth- based AG provides geotechnical and geophysical engineering and consulting services, and partnered with companies including Woodside…
Saudi Aramco opened a research center in Cambridge, Massachusetts. The new center is adjacent to the Massachusetts Institute of Technology (MIT) and will support computational reservoir modeling, nanotechnology, and advanced gas membrane system research…
Safetec, part of the ABS Group, recently opened a new Competence Center in Bergen, Norway, to provide education and training for industry-focused organizations. According to the company, the center’s specialized training courses will be based…
Petrobras' proven pre-salt reserves are up 43% in 2013. Since 2007, the company has been adding increasing amounts to its proven reserves coming from the pre-salt layer, which extends from the south of the state of Espírito Santo to the state of Santa Catarina…
Italy's ENI SpA inaugurated its new office in Mexico City with a ribbon-cutting ceremony, less than a month after Mexico voted to amend its Constitution to open the oil & gas market to foreign companies. The President of Mexico, Enrique Peña Nieto…
Halliburton plans to open a new integrated completion center located in New Iberia, Louisiana. This new facility will expand the company’s resources and capabilities for deepwater completion tools while continuing to focus on service alignment…
RFID is nothing new, but companies are adopting the technology in hopes of streamlining the way they do business offshore. By Audrey Leon Offshore logistical operations can be complicated. Companies need to keep tabs on all equipment…