Latest News - page 1856

 

Expro transmits abandoned well data to surface, wirelessly

Oct 25, 2017

Oilfield services firm Expro says it has performed the world’s first proven wireless transmission of reservoir pressure data to surface, from a recently abandoned subsea appraisal well, which incorporated a rock-to-rock cement plug.    The…

Drilling starts on Tambar development project

Oct 25, 2017

Drilling operations have started on the Tambar development project in the producing Tambar field offshore Norway, says partner Faroe Petroleum. The Tambar and Tambar East Unit fields are satellite fields, about 16km southeast of the Ula field in the Norwegian North Sea…

Houston Energy picks up South Timbalier 235 lease in US Gulf of Mexico

Oct 25, 2017

Houston Energy has been awarded the South Timbalier 235 (ST 235) lease in the US Gulf of Mexico Central Lease Sale 249, says partner Otto Energy. Houston Energy bid US$210,999 in relation to the ST 235 lease, which ajoins with and…

Mitsui to take up to 50% in AKOFS

Oct 25, 2017

Norwegian investment firm Akastor and Japan's Mitsui have entered into a memorandum of understanding which could see the Japanese firm, together with potential partners, invest in oilfield services firm AKOFS Offshore. The move could…

Sparrows inks Dubai Petroleum contracts

Oct 25, 2017

Sparrows Group has won two crane contracts with Dubai Petroleum, one for maintenance services and the other for the delivery of rental cranes.    The first contract, for five-year’s crane maintenance services, covers 76 cranes across all of Dubai Petroleum’s offshore fields…

New CEO for SMD

Oct 25, 2017

Andrew Hodgson is stepping down as CEO of Tyneside-based subsea engineering firm Soil Machine Dynamics (SMD). He will be will be succeeded by his deputy Mike Jones from 23 October. Jones has worked for SMD for over 25 years. A director since 2004…

Statoil christens Empire Wind off NY

Oct 24, 2017

Statoil has branded its offshore New York wind site, Empire Wind. The 79,350 acre site is off the southern coast of Long Island, New York. The Norwegian operator said that the site has potential to generate up to 1GW of offshore wind power…

IHS Markit: Downturn reduces deepwater M&A opportunity

Oct 24, 2017

Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition (M&A) deals, according to a new report by IHS Markit. This lack of deepwater asset inventory is challenging exploration…

New US lease sale offers 76.9 million acres

Oct 24, 2017

The US Department of the Interior (DOI) has released details about proposed Lease Sale 250, which would offer 76.9 million acres in federal waters offshore Texas, Louisiana, Mississippi, Alabama, and Florida. The sale, scheduled for March 2018…

Shell to tie Fram back to Shearwater

Oct 24, 2017

Shell has submitted plans to develop the Fram gas and gas condensate field in the UK North Sea as a subsea tieback to the Shearwater platform.  The project, in Blocks 29/3a, 29/4c, 29/8a, 29/9c in the Central North Sea, had been considered as a standalone development…

250 jobs to go in HMC restructuring

Oct 24, 2017

Heerema Marine Contractors (HMC) has said about 250 job losses will be made as a part of a restructuring caused by the downturn in the oil and gas industry. HMC, based in the Netherlands, says about 200 jobs will be lost onshore, with about 50 offshore fleet personnel jobs also being cut…

Expro launches 30,000psi perf gun system

Oct 24, 2017

Oilfield services firm Expro has launched a new extreme high-pressure tubing conveyed perforating (TCP) gun system, delivering the largest perforation hole area available for frac and gravel pack completions. Designed specifically for challenging deepwater environments in the Gulf of Mexico…

Warwick becomes Ardyne chairman

Oct 24, 2017

Ardyne, provider of plug and abandonment and slot recovery technology, has appointed Paul Warwick as non-executive chairman.  Warwick has been a non-executive director of Ardyne since shortly after the launch of the company in 2016. He is also executive chairman of Whalsay Energy…

Hess inks $2 billion Norway sale

Oct 24, 2017

Aker BP has agreed to buy Hess Norge, which includes major stakes in the Valhall and Hod fields, from Hess for US$2 billion as the US oil firm continues an offshore asset sale. Yesterday, Kosmos Energy said it had agreed to acquire Hess' 85% stake in two long-producing oil fields…

Nexans inks 3000km cable contract with HHI for Nasr Phase II, UAE

Oct 24, 2017

French cabling firm Nexans has been chosen to supply 3000km cables for the Nasr Phase II full field development project offshore Abu Dhabi in the United Arab Emirates. The Nasr field is a large oil field about 130km northwest of Abu Dhabi…

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