Crude Oil News

 

Latest Johan Sverdrup well a success

Jun 04, 2013

Lundin Petroleum is to update its reserves estimates on the giant Johan Sverdrup field offshore Norway after its latest appraisal well completed. Lundin says the latest well on the find, 16/2-21 located in PL501, had been a success finding…

DNO increases Tunisia acreage

Jun 04, 2013

Norwegian oil and gas company DNO International is increasing its acreage offshore Tunisia and plans to drill next year. Through its subsidiary DNO Tunisia AS, the firm has entered a farm-in agreement on the Sfax offshore exploration permit and the Ras El Besh concession…

Howco boosts CNC and furnace capability

Jun 03, 2013

Howco Group has invested more than £3m in new equipment and machinery at three of its UK plants, including £1.6m at its facility in Sheffield. Investments by the firm, which distributes raw materials and manufactured components for wellhead…

HRT spuds Murombe prospect

Jun 03, 2013

HRT's wholly-owned subsidiary HRT Walvis Petroleum Ltd., has the spud-in of the Murombe-1 (2212/06-1) off Namibia, the second offshore well in its back-to-back exploratory drilling campaign.  The well is targeting the Murombe Prospect…

Sound Oil ready to unlock Laura

Jun 03, 2013

Exploration and production company Sound Oil is planning to drill its first appraisal well on the Laura discovery offshore Italy as part of a larger drilling program in the country next year.    Laura, in the D150 DR-CS permit in…

Automation visionary

May 31, 2013

Dr Keith Millheim, managing director of Nautilus International, a distinguished professor who has also worked with Conoco, Amoco Production, and Anadarko Petroleum, was one of the first to see the potential in automating oil fields. Back in 2008…

New technology boosts well recovery, cuts costs

May 31, 2013

Owners and operators of offshore wells aim at improving efficiency, cutting costs, reducing failures and down time, while maximizing economic benefits. It’s no easy task under the best of circumstances. Reaching these goals requires a sophisticated…

Automation: recreating traditions

May 31, 2013

Ask industry executives what trend is top of concerns; unequivocally the answer will be the pending shortage of qualified engineers. You can talk about real-time data exchange, safety, security, Big Data, alarm management, contextualization…

SeaBird vessel updates

May 31, 2013

SeaBird Exploration PLC was awarded a US $16 million contract for its 2D Osprey Explorer vessel in the South America region. The client has not been named.  In addition, the Hawk Explorer has moved to Uruguay and started a 4000 km survey for Spectrum…

Latest Tullow Ghana project gets green light

May 31, 2013

Tullow Oil's offshore Ghana Tweneboa-Enyenra-Ntomme Development (TEN project) plan has been given the green light by the country's government. The TEN project is in the Deepwater Tano Contract Area, 60km off the coast of Ghana and about 30km west of Tullow's Jubilee Field…

Subsea 7 selected for Statoil's Mariner

May 31, 2013

Subsea 7 has been picked to carry out engineering, procurement, installation and construction work on Statoil's UK North Sea heavy oil Mariner field. The work, worth about $170million, will cover 39km of rigid flowlines and flexible riser systems…

Wave of the future

May 31, 2013

Automation is the ideal way to unite technology with company cultures. Through technology, workers in the offshore environment have the potential to form a myopic view on life. Produce now, don’t worry about tomorrow. It makes sense. From drilling to producing…

Tullow plugs Ivory Coast well

May 30, 2013

Tullow Oil plc's Calao-1X exploration well, in the CI-103 licence off the Ivory Coast, encountered thin condensate/gas-bearing reservoirs in an Upper Cretaceous deepwater channel system, the company announced on 30 May 2013. Following completion of logging operations…

Extra time for Aminex in Tanzania

May 30, 2013

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…

Teekay providing Gina Krog FSO

May 30, 2013

Teekay Offshore Partners is to provide a floating storage and offloading tanker to Statoil for use on the Gina Krog field in the Norwegian sector of the North Sea. The vessel will be a new unit, to be converted from the 1995-built shuttle tanker…

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