Houston-based Hercules Offshore signed a five-year contract with a subsidiary of Eni S.p.A. for use of the Hercules 260 in West Africa. The dayrate under the contract will range from a minimum of US$75,000 per day when the price of Brent crude oil is $86 or less per barrel…
The fire that broke out on the Petróleos Mexicanos' (PEMEX) Abkatún Permanente platform, causing the death of four workers and several injuries, was extinguished late last night (1 April). The Abkatún Permanente platform after the fire…
Saipem has entered into a joint venture with Dangote Group, one of Africa’s leading companies, to create a new company named Saipem Dangote E&C. Image from Saipem. Saipem Dangote E&C…
Global rig provider Transocean said it will scrap two more rigs from its fleet taking the total number of floaters it is planning to scrap to 18, the company announced on 1 April 2015. The two rigs joining its soon to be departed brethren are the GSF Aleutian Key and Sedco 707…
ExxonMobil has been awarded a production sharing contract (PSC) for Block EG-06 by the government of Equatorial Guinea. The contract was signed between ExxonMobil Exploration and Production Equatorial Guinea (Offshore), GEPetrol and the Government of the Republic of Equatorial Guinea…
Premier Oil’s first exploration well in its 2.1 billion bbl 2015 Falkland’s drilling campaign has confirmed the extension of the giant Sea Lion discovery. The 14/15b-5 Zebedee exploration well, using the Eirik Raude semisubmersible drilling rig…
ROVOP established a new Western Hemisphere headquarters and support base in Houston, as well as appointed three ROV industry professionals to lead the business, due to an increased demand for its services globally. Image of Wagner…
On 1 March, EMAS AMC officially christened and named its flagship, the Lewek Constellation, prior to her departure to the Gulf of Mexico to start work for Noble Energy. EMAS AMC’s Lewek Constellation…
Exploration and production executives are facing a bleak year with tough budgets – but the mood wasn’t all doom and gloom at IP Week. Solutions are being suggested – as Meg Chesshyre reports. Yves-Louis Darricarrère…
Industrial Internet of Things is out there, but ‘work needs to be done.’ Industrial Internet of Things (IIot) is nebulous term bandied about in just about any conversation when it comes to automation, when in reality, the level of communication…
Automation systems provider Cougar Automation has developed and commissioned a control system for Balltec to use on the first buoy supported riser (BSR) system installed on Brazil’s Guara-Lula project. Buoy supported riser tether adjustment…
Brazil has big plans as it sets its sight on increasing oil exports – but it will need investment in technology as it moves into ever deeper waters. Elaine Maslin reports from Subsea Expo. Various vessels await deployment in Guanabara Bay near Niterói…
Consideration is being given to new tax incentives to encourage enhanced oil recovery schemes in the UK North Sea. Elaine Maslin looks at an assessment of EOR economics. Professor Alex Kemp. As production declines…
EOR is taking off offshore, yet scientists at the University of Aberdeen believe more work needs to be done to understand the link between reservoir properties such as wettability and fluid flow to help in order to truly benefit from EOR…
Ask about subsea well intervention and most assume it’s riserless light well intervention you want to talk about – for good reason. Elaine Maslin reports. Subsea light well intervention visualized by FMC Technologies…