BPZ Energy spud the CX15-7D development well in the Corvina field in Block Z-1, offshore Peru, on 29 July 2014, the company announced today. BPZ Energy plans to drill to 8500ft depth and expects operations to complete in October. BPZ…
CNOOC Ltd. commenced production at its Panyu 10-2/5/8 project in the Pearl River Mouth Basin in the South China Sea, the company announced on 31 July 2014. This project includes three oilfields – the Panyu 10-2, Panyu 10-5 and Panyu 10-8 – with an average water depth of 100m…
IHC Merwede has introduced the world’s first four-tracked subsea trencher, specifically developed for shallow water operations and targeted towards cable burial in offshore wind farms. Read an in-depth feature here: Traq-ing underwater…
SapuraKencana Energy Sarawak Inc. (SKE) announced the discovery of four non-associated natural gas wells in the SK408 Production Sharing Contract (PSC) area. These are the first four wells of a 10-well commitment in the SK408 PSC, a 4480sq km area…
Mitra Energy Ltd. entered into a farm-out agreement with AziPac for the partial assignment of Mitra's participating interest in the Bone PSC offshore Indonesia, the company announced on 9 June 2014. Under the terms of the agreement, Mitra…
It has been less than a year since Mexico’s landmark energy reform, but the effects of this major restructuring on one of the world’s largest economies are already being observed. Gustavo Hernandez Garcia, acting director of E&P, Pemex,…
OVERDICK announced that the BorWin beta topsides has been successfully installed in the German sector of the North Sea, about 53nm NNW of the island of Borkum. The step marks the completion of the most critical phase in the offshore campaign…
Technip has won a contract from Dubai Petroleum Establishment (DPE) for engineering, procurement, construction, and installation on the Jalilah B field development project, in 60m water depth, 90km offshore Dubai, United Arab Emirates. Technip’s…
Seabird Exploration has two shallow-water 3D seismic vessels working in Southeast Asia: Voyager Explorer (4x6000m streamers) and Aquila Explorer (4x8000m streamers), although the Aquila Explorer is currently equipped for 2D acquisition…
Since the turn of the millennium, global pipeline investment has undergone sustained and, in recent years, robust growth as a result of favorable market conditions and industry trends, including: the continued high levels of investment in offshore development…
The first 360° ROV to work in any orientation - even upside down - has been re-launched by Saab Seaeye. The Sea Owl concept, successfully introduced by Saab in the 1980s, has been completely re-engineered with new chassis, advanced technology content and increased work capability…
IHC Engineering Business, part of IHC Merwede, is benefiting from a demand for greater capacity in the pipelay market. It is currently working on five orders from Seabras Sapura for 550-tonne capacity vertical flex lay systems (FLS) to…
Industry body Subsea UK is rebranding its flagship event for its tenth anniversary. The major exhibition and conference will now be known around the world as Subsea Expo and will stretch to three days as opposed to two in previous years. Subsea…
Shallow water subsea systems can be an ideal solution for improving marginal field net present value. Jerry Streeter, Field Development Manager, for FMC Technologies, Inc., explains. Very little has been published recently on shallow…
Subsea construction firm Ceona has awarded a five-year contract worth over £45million to ROV provider ROVOP. The contract will see ROVOP provide hydraulic, work-class ROV services on board Ceona’s fleet of new, purpose-built deepwater…