Oil and gas exploration and production programs in West African states are under increasing risk due to the failure to contain the Ebola virus, potentially depriving the region’s economy of millions of dollars a day, according to an analyst with research and consulting firm GlobalData…
Det norske oljeselskap ASA has hit another dry well in the Norwegian sector of the North Sea. The wild cat well on the Kvitola prospect was the first well drilled in production license (PL) 553. The duster on Kvitola follow on from Det norske's dry well on the Heimdalshø prospect…
Norway's Statoil and Nicaragua's DNP-Petronic signed a cooperation agreement for future oil and gas activities offshore Nicaragua's Pacific coast, it was announced on 3 September 2014. Statoil says that the consortium (Statoil and…
Alexey Miller, chairman of the Gazprom Management Committee and Nguyen Xuan Son, chairman of the PetroVietnam National Oil and Gas Group Board of Director met at Gazprom headquarters 3 September to address the joint development of hydrocarbon resources in Vietnam and Russia…
Statoil announced that the Dilolo-1 exploration well in the Kwanza basin offshore Angola was drilled to its pre-salt target, but failed to find any hydrocarbons. The well is now in the process of being plugged and abandoned. Statoil says…
Statoil moved to increase its presence offshore Colombia through two farm-in agreements with Spain’s Repsol, the Norwegian explorer announced on 4 September 2014. Statoil will acquire a 10% stake in the Petrobras-operated Tayrona…
Canada-based, North Sea-focused independent exploration firm Iona Energy has appointed two industry veterens to its ranks and said it plans to go on the acquisition trail as part of growth plans. Former Ithaca Energy CEO Iain McKendrick…
Inpex Corp. reached an agreement to transfer a 25% participating interest in the deepwater Block S offshore East Malaysia to Australia-based Santos. Block S is located in the Sabah basin and covers 574sq km with a water depth ranging from 200m to 1500m…
Former Centrica Energy Upstream managing director Jonathan Roger is to lead a new North Sea oil and gas exploration company backed by Blue Water Energy and Blackstone Energy Partners. Blue Water Energy and Blackstone Energy Partners…
Lundin Petroleum has started drilling exploration well 33/12-10 S on the Vollgrav South prospect, 250km west of Florø, between the Gullfaks and Statfjord fields, in production license 631. The main objective of well 33/12-10 S is to test…
From a peak of 396 in 1996, numbers of wells drilled offshore UK fell to 164 in 2013, a low not seen since 1979. Development wells were down from 289 in 1998, to 120 in 2013. Exploration and appraisal drilling, on which offshore production ultimately depends…
As the industry advances into ultra-deepwater, an increasing number of tight tolerance wells require an efficient system for determining early influxes or losses during drilling, tripping, and cementing operations. Scott Hilliard of Statoil and Florian Le Blay…
As its bid licensing round is delayed again, will Lebanon’s offshore industry ever take off? Sarah Parker Musarra analyzes the current situation and explores the history of the troubled country. In April, Lebanon once again delayed its…
Shell’s GeoSigns has helped the company find reservoirs like the pre-salt West Boreas field in the Gulf of Mexico and there is more to come. Elaine Maslin reports. Shell’s iScope facilities…
SBM Offshore discusses some of the company’s developing technologies and how it is working toward unlocking reserves in the Gulf of Mexico. Exploration for fields further offshore and in deeper waters is leading to the development of more complex reservoirs…
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