International independent Premier Oil has said its Falklands Sea Lion development is to be scaled back, initially, to make it a phased development due to rising costs and low oil prices. Initial costs on an initial, smaller floating…
Canada's CGX Energy said the jackup rig slated to spud its offshore Guyana prospect is due to be completed by end of January 2015. The Hakuryu-12 jackup drilling rig, soon to be part of Japan Drilling Co.'s fleet, is currently under construction in Singapore at PPL Shipyard…
GE opened its US$500 million Brazil Technology Center in Rio de Janeiro. The research hub will focus on developing advanced technologies for offshore oil and gas exploration and production. The center, GE’s first in Latin America…
Karoon Gas Australia spudded the Kangaroo-2 appraisal well in Block S-M-1165, the first well in the current Santos basin exploration and appraisal drilling campaign, offshore Brazil. Map from Karoon. The…
Brazilian national oil company Petrobras announced that they will install a permanent 4D seismic monitoring system at the 1500sq km Lula field, in the pre-salt Santos basin. Four-dimensional seismic encompasses time, in addition to the three dimensions of space…
Claudio Paschoa provides insights from technical sessions at this year’s Rio Oil & Gas event in Rio de Janeiro, Brazil. Petrobras Geophysics Manager Paulo Johann. Photo from IBP. At Rio Oil & Gas…
Rio Oil & Gas also highlighted the growth in development of nanotechnology within the oil industry. The debate concluded that nanotechnology could definitely be an important tool to increase the efficiency of oil recovery in any field and specifically in mature fields…
The latest EIC Monitor report paints a mixed picture of activity across the global upstream sectors in 3Q 2014, with a large decline in upstream activity. The global oil and gas industry has followed a gentle downward trajectory of project…
Kleven’s Myklebust Verft signed a contract with Ocean Yield ASA for modifications of the Aker Wayfarer vessel to become a deepwater subsea equipment support vessel (SESV). The Aker Wayfarer. From Aker Solutions…
Deltamarin Ltd. entered into a contract with Jurong Shipyard Pte Ltd. for the conversion of Teekay’s Navion Norvegia to the Libra floating production, storage and offloading unit (FPSO), for operations in the Libra field, offshore Brazil…
An oil discovery has been confirmed in the Libra field, offshore Brazil, Petrobras announced on 27 October. The Brazilian state-owned firm said the well 3-RJS-731 (informally known as NW-1) confirmed the discovery of good quality oil in the northwestern portion of the structure…
Brazil’s Petrobras discovered gas at the Lontra well located in the Espírito Santo basin offshore Brazil. Well 4-GLF-42-ESS (Lontra) is at 1319m water depth and lies 81km offshore the city of Vitória in Espírito Santo state, within the Golfinho concession area…
Karoon Gas Australia has now taken possession of the Olinda Star semisubmersible drilling rig from Petrobras to drill in the Santos basin, offshore Brazil. The rig is currently in the Campos basin and expected to be on location in the…
Emerging Markets Communications (EMC) introduces QuickSkid Solution to enable faster, more reliable and flexible communications for the oil and gas industry. Image of QuickSkid. From EMC. Rig owners…
Australia’s Karoon Gas is planning to begin its drilling campaign the second week of November when the company will drill two to four appraisal and exploration wells off Brazil. The Olinda Star. From Karoon…