Ithaca Energy has completed a flow test on the fourth development well on the UK North Sea Stella field, hitting 12,005boe/d. The result takes the total field potential up to 45,000boe/d, exceeding the firm's 30,000boe/d annualised estimate for the field…
Ophir Energy's Silenus East-1 well in Block R, offshore Equatorial Guinea (central west Africa), has made a gas discovery - and helped support plans for an expanded FLNG project for the area. Nick Cooper, Ophir's CEO, says the additional…
The millionth barrel of oil has been produced at the Prirazlomnoye field, in Russia's Pechora Sea, in the Arctic, operator Gazprom Neft announced. The second tanker to deliver the oil to North West Europe in the next few days is currently being loaded…
Technip has agreed to its North American diving assets to Ranger Offshore as it looks to focus on high technology and ultra-deep water products and services. Proceeds from this divestment will be partially reinvested directly into Technip's subsea business…
If the expected increase in Brazilian oil production continues, Brazil will become a crude oil exporter by 2018, with a forecasted export volume of between 1.5-2MMb/d, Magda Chambriard, General Manager of the ANP (Brazil's National Petroleum Agency)…
ExxonMobil Exploration & Production Malaysia Inc. (EMEPMI) announced the startup of the Tapis enhanced oil recovery (EOR) project, off the coast of Terengganu, Malaysia, in the South China Sea. Operations began with water-alternating…
Consulting petroleum geologist Colin Stabler spoke to a full house at the Houston Geological Society's General Dinner on 15 September 2014, presenting 'Mexico's Challenge to Explorationists.' Stabler has worked Mexican subsurface geology since 1966…
An announcement on the second Greek offshore licensing round is expected this month. The Greek Ministry of Environment, Energy and Climate Change announced the round would be launched upon publication of the Notice of the Call for Tenders in the Official Journal of the European Union…
The outlook for the deepwater and ultra deepwater market is positive, with a forecast capital growth rate of around 8% between 2014 and 2018, according to Infield Systems Ltd.’s deepwater and ultra deepwater report. Infield Systems anticipates…
Petrobras awarded Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) a US$465 million contract to provide subsea intervention services offshore Brazil. The five-year contract slated to begin in 4Q 2016 is for the Aker Wayfarer subsea construction vessel…
Denmark is the European Union’s (EU) only net exporter of oil. The Nordic state’s oil exports totalled approximately 13.7MMboe in 2013. This is in stark contrast to the EU’s only other significant oil producer, the UK, which became a…
Fractured basement reservoir explorer Hurricane Energy says post-well data analysis of its 1km horizontal appraisal well 205/21a-6 well test in Q2 this year has shown better than expected results. The firm said the well, which tested…
The Centrica Energy-operated 43/13b-7 Pegasus West well in the Southern North Sea indicated the presence of gas, reported partner Atlantic Petroleum. Following the analysis of available data, the joint venture has decided to drill stem test the well…
Japan’s Mitsubishi Corp. acquired 20% of US-based Anadarko Petroleum’s interest in Block C1-103 off the coast of Côte d’Ivoire, becoming the first Japanese company to enter the oil and gas exploration business in the area. Map of Block C1-103…
Statoil has received consent from the Petroleum Safety Authority to use the COSLInnovator mobile drilling facility for production drilling on the Troll field using the controlled mud level method. The consent covers the use of COSLInnovator for production drilling on 8½in…
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