The next few years could see major investments in Colombian waters and last year’s bid round has independents, NOCs, and majors heading to the country’s Caribbean shores. Colombia is South America’s fourth largest oil producer with 2 billion barrels of proved oil reserves…
Lundin Petroleum subsidiary, Lundin Sareba BV, and Indonesia's SKKMigas entered into a production sharing contract (PSC) for for 100% interest in the Cendrawasih VII (CVII), off northeastern Indonesia. The block is a subsitute for Lundin's…
Colloquy: Editor’s Column American oceanographer Dr. Sylvia A. Earle recently received the Hubbard Medal, the National Geographic Society’s highest honor, recognizing “leadership in exploration, science, environmental stewardship and education…
Using multiple work centers and close project management, L&T delivered the MNP jacket on schedule. Larsen & Toubro (L&T), India was awarded the Mumbai High North (MHN) process platform, living quarters, and process gas compressor module project by ONGC…
Aminex has been given extra time to carry out exploration in its licence in Tanzania's offshore Rovuma Basin. Partner in the licence Solo Oil, said the Tanzanian Petroleum Development Corporation had agreed a variation of the terms of…
Talisman Energy Inc. has announced first oil production from its Hai Su Trang and Hai Su Den (HST/HSD) development, offshore Vietnam. Gross production is expected to reach 15,000 b/d once the facilities are fully commissioned. 'We are…
International contractor Van Oord is in the final stages of commissioning its first shallow-water pipelay vessel, Stingray, at the COSCO shipyard in Nantong, China. Meg Chesshyre spoke with Maurice de Kok, Van Oord Offshore’s area manager for offshore pipeline installation…
Buccaneer Energy has spud the shallow water Cosmo No. 1 well located in Alaska's Cook Inlet, near Anchor Point on the Kenai Peninsula, the company announced on 13 May 2013. Buccaneer used the Endeavour - Spirit of Independence jack-up rig…
TWMA has been awarded a contract to supply its offshore processing services to support Glencore Exploration Cameroon Ltd’s drilling campaign offshore Cameroon. The 400-day contract, which commenced in March this year, is TWMA’s first offshore thermal processing project in the region…
BPZ Energy expects to spud the first well at its CX-15 development, off Peru, within three to six weeks depending on weather and sea conditions, the company confirmed on 28 February 2013.CX-15 platform (Image: GMC Ltd.)The company said further…
McDermott International Inc. announced that Tony Duncan will join the company as Vice President and General Manager, Subsea on 1 April 2013.Tony Duncan (Image: McDermott)“In this role, Tony is responsible for driving and growing our global Subsea business…
SMG to use Fairfield Z-700 ocean-bottom nodesFairfield Industries’ Z-700 nodesRussia’s Federal State Unitary Scientific & Production Company for Marine Geological Prospecting(State SEVMORGEO Company or SMG) has contracted UK-based WGP Exploration Ltd…
During the past few years, annual change in global oil demand has been running 0.8-1%/year and the International Energy Agency (IEA) forecasts it to continue in that range in 2013 – well below the previous 20-year 1.5% average annual increase seen before the global banking crisis…
Technip's G1200 vesselTechnip joins GOM platform junction project Williams Partners and DCP Midstream awarded Technip a pipeline installation contract for their 60-40 owned Discovery System in the U.S. Gulf of Mexico, Technip announced on 17 December 2012…
Four Friede & Goldman L-780-Mod II jack-ups were sold to Shelf Drilling by TransoceanShelf closes $1.05 B jack-up rigs acquisitionTransocean has completed the sale of 38 shallow water rigs to newcomer Shelf Drilling for $1.05 billion, the company announced on 30 November 2012…