Australia’s Pura Vida has agreed a farm-in deal giving it a 50% stake in the Ambilobe area office Madagascar, east Africa. The firm has also finalized a farm-out deal offshore Morocco. Pura Vida will take a 50% stake in the Ambilobe block…
Expro Group says lightweight, mobile systems are needed to meet future deepwater intervention needs. Demand for deepwater subsea well intervention services continues to grow. However, to date, the focus remains on completions for new field developments…
UK-based engineering firm Wood Group will form a joint venture (JV) with Germany’s Siemens to provide integrated rotating equipment services. The JV will comprise the maintenance and power solutions businesses of Wood Group GTS (excluding its Rolls Wood Group…
TAM International marked its 45th anniversary and the opening of its recently-built manufacturing facility on October 18 with a tour of the facilities in Houston, Texas. The new site was open to employees in September. TAM specializes in inflatable packers…
Two countries – Malaysia and Indonesia– hold nearly two-thirds of the region’s reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems Offshore Asia Oil & Gas Market Report to 2017…
The University of Houston’s Subsea Engineering program is the first of its kind in the US. The program—founded by mechanical engineering professor and director of UH Subsea, Matthew Franchek— is in its inaugural year operating with a 10-course…
Physical modeling of deepwater projects can be a very useful tool. Despite the advent of computer modeling and immersive computer visualization environments, physical 3D models help vessel operators, riggers, and field engineers find potential problem areas and resolve spatial issues…
The European branch of the Intervention & Coiled Tubing Association (ICoTA Europe) has announced the finalists of its Innovation Awards ahead of its annual SPE ICoTA Well Intervention Conference. The award is presented annually to an organization that…
Newpark Drilling Fluids celebrated the opening of its Technology Center in Katy, Texas on Oct. 30, located close to corporate headquarters. The project has been under development for nine months. Newpark President Bruce Smith said he…
Researchers from Robert Gordon University (RGU) in Scotland have created new software as part of a Knowledge Transfer Partnership (KTP) which helps pre-empt potential faults in subsea technology. Dr. Andrei Petrovski and Professor John McCall…
Wison Offshore & Marine Ltd. (WOM) successfully completed the installation of the three LNG storage tanks into the hull of the Caribbean FLNG project. The project’s barge deck and topsides will now be installed. The Caribbean FLNG project…
Eni Norge is testing an autonomous underwater vehicle (AUV) designed to carry out subsea environmental monitoring along predetermined tracks. The project is part of investment by Eni Norge in research and development linked to new and improved techniques for monitoring the marine environment…
Eni Norge has opened a new operations center in Hammerfest as part of its expansion in northern Norway and the Barents Sea. Eni has been active in the region since the start of the 1990s and is developing the Goliat oil field - the first oil field to be developed in the Barents Sea…
A partnership between companies is a lot like a marriage: some are good, some are strained. That was the tenor of a Wednesday morning panel discussing perspectives on E&P in the South Atlantic that included operators Petrobras, Total, Shell…
Statoil has completed an agreement with the Austrian oil and gas company OMV to divest shares in Gullfaks and Gudrun on the Norwegian Continental Shelf and exit Schiehallion and Rosebank fields West of Shetland. Statoil is reducing its…