Hess Corp. recorded a US$509 million loss in Q1, in addition to a 34% drop in its revenue. Image from Hess. The loss is much wider than the Q1 2015 loss of $389 million. The decrease…
UK-based independent explorer Hurricane Energy is planning two new appraisal wells on its Lancaster discovery after raising £52 million funding. The two wells, called the Lancaster 7 wells, could help Hurricane make a final investment…
Petrobras announced the start-up of the early production system in Sépia, the former Nordeste de Tupi area, in the pre-salt layer of the Santos basin, offshore Brazil. Sépia operations. Image from Petrobras…
Amplus Energy Services, a floating production solutions firm headquartered in Aberdeen’s Grandholm area, has struck a deal with Technip in the UK to work together to develop untapped oil reserves in marginal fields in the North Sea. With…
It was the first floating production unit in the North Sea and it’s still going strong – with a deployment to its latest field, on its 12th contract, due to start next year. Elaine Maslin looks at Teekay Offshore’s Petrojarl I. The Petrojarl I FPSO…
UK engineering solutions provider Costain has worked closely with Hurricane Energy to produce a number of field development options for their Lancaster Discovery, West of Shetland. Over the last 24 months the Costain team, in collaboration with Hurricane…
QGEP Participações has announced that Queiroz Galvão Exploração e Produção has signed a Crude Oil Sales Agreement (COSA) with Shell Western Supply and Trading for the early production system (EPS) of the Atlanta Field. This contract refers to QGEP's 30% share in the production from the field…
Karoon Gas Australia has announced that the company has received written notification from the Brazilian oil and gas regulator, the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP), advising that the revised appraisal plan (PAD) for Karoon’s 65% owned Santos basin blocks…
UK-based basement explorer Hurricane Energy is a step closer to developing its UK North Sea Lancaster field after the Oil and Gas Authority agreed to the company's request for a field determination area for it. The field was granted discovery oil field status as oil field number 572…
Subsea challenges are in focus at this week’s Underwater Technology Conference (UTC) in Bergen. While the conference examines future oilfield challenges, we take a look back at past innovations in the industry. In a three-part series, Elaine Maslin looks at three past papers from UTC Bergen’s…
Queiroz Galvão Exploração e Produção (QGEP) awarded the McDermott International and GE Oil & Gas consortium a SURF contract to provide subsea equipment for the early production system (EPS) on the Atlanta field, offshore Brazil. Map from QGEP…
Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion (DSC), has been awarded an engineering, procurement and commissoining contract contract by Petrojarl I for the upgrade of its FPSO Petrojarl I. The Petrojarl I (pictured) is a Teekay Petrojarl-managed FPSO…
Teekay Offshore Partners has entered into an agreement with a consortium led by Queiroz Galvão Exploração e Produção (QGEP) to provide a floating production, storage and offloading (FPSO) unit for the Atlanta field in the Santos Basin offshore Brazil…
Fractured basement reservoir explorer Hurricane Energy says future development of its Lancaster oil discovery west of Shetland on the UK Continental Shelf is expected to be through a phased approach. The firm, which announced successful results of a well test on Lancaster earlier this year…
Results of the first well drilled in the Atlanta post-salt oil field off Brazil were better than operator Queiroz Galvão Exploração e Produção (QGEP) and its partners anticipated, according to an announcement the Brazilian company made Wednesday…
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