The Fugro Synergy. From Fugro Drilling and Well Services. Plugging and abandonment accounts for about 43% of decommissioning costs. Operators and service companies are looking at ways to reduce the bill…
Houston-based Apache Energy found gas and associated liquid hydrocarbons in the Phoenix South-1 well off Western Australia, in the Roebuck basin, before a drill bit failure on 29 July. Over the past two weeks, Apache drilled to a depth…
Statoil released a video showing the Valemon topside arriving on 26 July 2014 near Stavanger, Norway after a 40-day trip from South Korea. The topsides set sail in June from the Geoje yard in South Korea, where Statoil contracted…
Portugal-based Galp Energia’s recent drilling campaign at the Tao-1 exploration well in the Tarfaya block off Morocco was unsuccessful, partner Tangiers Petroleum announced 28 July 2014. Australian-based Tangiers Petroleum, which holds 25% interest in the Tarfaya block…
Topsides were lifted into place on the 9150-tonne steel jacket on the Valemon field in the Norwegian North Sea on 28 July, operator Statoil announced. Statoil's Valemon. Photo from Statoil's Andre Osmundsen…
China National Petroleum (CNPC) and Cupapetroleo (CUPET) signed a framework agreement to increase crude output and production sharing and a cooperation agreement on drilling services in Havana, Cuba on 22 July. Under the agreements, CNPC…
Greek exploration firm Energean Oil & Gas is starting a €165 million investment program in Prinos, North Prinos and Epsilon in the Gulf of Kavala after acquiring the Energean Force drilling rig. Energean said acquiring the Energean Force…
Statoil's Brazilian business unit has exercised the first of two options to extend its contract with Archer for the provision of platform drilling management services on the Peregrino field development. The original contract was for a fixed four-year term…
A July 2014 poll revealed that if the US produced more oil and natural gas, it would greatly benefit job creation, increase government revenue and strengthen national security. API and Harris Interactive Poll According to a recent…
Centrica Resources Norway, operator of production license 405, in the southeastern part of the Norwegian North Sea, has completed drilling wildcat well 8/10-6 S. The well is dry, said the Norwegian Petroleum Directorate. The well was drilled 13 km southwest of the Ula field…
Det norske oljeselskap has spudded exploration well 2/9–5 S in production license 494, in the Norwegian North Sea, targeting the Heimdalshø prospect using the Maersk Giant jackup rig. The well spudded 21 July, said Fortis Petroleum, a partner on the project…
West Africa-focused Canadian Overseas Petroleum Limited (COPL) says drilling plans for offshore Liberia have been delayed due to an Ebola virus outbreak in the region. The firm is in a partnership with ExxonMobil (operator and 83% equity holder) on Block LB-13 offshore Liberia…
Brazilian drilling contractor Odebrecht Oil & Gas (OOG) announced that Roberto Simões will take over as the company CEO. Simões has been VP at Odebrecht since 2012, replacing Roberto Ramos. Odebrecht SA incorporated Odebrecht Óleo e Gás in 2006…
Statoil Petroleum has made a small gas discovery on the 7325/1-1 well on production license (PL) 615 in the Barents Sea. The well was drilled about 56km northeast of the Wisting Central oil discovery 7324/8-1, operated by OMV, in the Barents Sea…
Statoil has resumed oil and gas production on the Njord A floating steel platform in the Norwegian Sea after a major reinforcement of the platform structure. Njord A, which produces the Njord and Hyme fields, had been shut down since…
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