Latest News - page 2147

 

GMS to develop well intervention services

Mar 30, 2016

Gulf Marine Services (GMS) is working on developing its fleet of self-propelled self-elevating support vessels (SESVs), which the company says will allow it to deliver well intervention services more efficiently, and more quickly. Image…

Marsol gains two Oman contracts

Mar 30, 2016

UAE-based global marine solutions provider Marsol International has been awarded two contracts offshore Oman. The first contract involves a single point mooring (SPM) change out, including the removal of the existing aging structures followed by installation of new buoys…

MX Oil Aje stake sale stalled

Mar 30, 2016

GEC Petroleum Development Co. (GPDC) is delaying a deal with MX Oil to acquire 5% interest in the Aje field offshore Nigeria in order for the company to gather the appropriate funds for the sale. GPDC is in the process of finalizing its…

Cross completes 15,000-psi subsea live well intervention package

Mar 30, 2016

The Cross Group has completed the engineering and design phase of its 7-3/8in 15,000-psi live well intervention package. Utilizing technological advancements along with field-proven technology, the newly designed 15,000-psi subsea live…

Byron abandons GoM well, moves to next

Mar 30, 2016

Byron Energy’s attempt to drill a sidetrack well to SM 6#2 after a drill pipe became stuck has turned out to be unsuccessful in the Gulf of Mexico, with the company abandoning the well and moving on to another. The Hercules 205…

BP layoffs to hit Houston in June

Mar 30, 2016

UK giant BP is set to layoff some 500 workers in Houston come June, as part of the company’s plan to cut about 4000 from its global upstream sector by 2017. Image from BP. All…

Petrobras cuts rig, reduces rates on second

Mar 30, 2016

Petrobras has agreed an early terminatation on its contract for Sevan Drilling's cylindrical drilling rig, the Sevan Driller. The two firms also agreed to reduce rates on a second Sevan drilling rig, the Sevan Brasil, also on contract to Petrobras…

Total - Pangea now industry's largest supercomputer

Mar 30, 2016

Total has laid claim to having the oil and gas industry's largest super computer after boosting the computer power of its system up to 6.7 petaflops - or the equivalent to 80,000 laptops combined.   The Pangea super computer's storage capacity has also been increased…

Oil & Gas UK publishes well guidelines

Mar 30, 2016

Oil & Gas UK has published an update of its Well Life Cycle Integrity Guidelines. The publication reflects recent changes in the regulatory environment, such as the requirement for well-operators and drilling contractors to integrate…

Spectrum starts Brazil campaign

Mar 30, 2016

Geoscience firm Spectrum has started a 10,400km multi client 2D survey offshore Brazil in the Amazonas and Para Maranhao basins, along the Equatorial Margin of Brazil.  The new acquisition program will tie five of Spectrum's Northern Margin programs…

Eni takes over Morocco license

Mar 30, 2016

Italian major Eni has agreed a farm-in deal with Chariot Oil & Gas on the Rabat Deep Offshore permit, off Morocco.  Eni will take a 40% stake and take over operatorship in the Rabat Deep Offshore license area, about 30km offshore Morocco in 150-3500m water depth…

Mexico lowers local content rule for deepwater

Mar 29, 2016

Mexico’s Ministry of Economy has opted to set a low local content requirement for the upcoming deepwater bid round in December. The new rule, announced in Mexico’s official journal of the federation (DOF), says oil and gas companies must…

WJM bags first contract for MOSS V

Mar 29, 2016

William Jacob Management Inc. (WJM) has secured its initial contract to complete the detailed engineering and design of its first mobile offshore support services vessel: the MOSS V. Illustration of the MOSS V…

Interwell's rigless P&A concept

Mar 29, 2016

In this video, Interwell shows an illustration of its new approach of its plugging and abandonment (P&A) solution that is a completely rigless approach to well P&A – with no need to remove tubing prior to P&A operations, and no need for drill pipe while placing primary/secondary barriers…

Island Constructor mobilizes to Oyo field

Mar 29, 2016

Houston-based Erin Energy has mobilized the Island Constructor light well intervention (LWI) vessel to the Oyo field, offshore Nigeria. The Island Constructor, from Island Offshore. The…

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