Retrieving an unreliable blowout preventer (BOP) is a necessary but expensive operation, costing upwards of US$1-2 million dollars. This cost can easily escalate in developing ultra deepwater regions such as Brazil, West Africa and Gulf of Mexico…
Brazil will lead global growth in the floating production, storage and offloading vessel (FPSO) industry despite the country’s national oil company, Petrobras, recently facing allegations of corruption, says research and consulting firm GlobalData…
Eni CEO Claudo Descalzi met with Israel’s Prime Minister Benjamin Netanyahu and Energy and Water Minister Yuval Steinitz in Jerusalem today (29 October) to discuss potential joint development of natural gas in the Eastern Mediterranean as…
Jumbo's heavy lift vessel Jumbo Vision transported subsea pump modules for McDermott International from the OneSubsea facility in Horsoy, Norway to Ingleside, Texas this month. The cargo consisted of several modules with a maximum cargo lift weight of nearly 350t…
McDermott International received regulatory approval for its McDermott Marine Construction Ghana Ltd. (MMCGL) joint venture to pursue key offshore opportunities in Ghana. McDermott and MMCGL officials made the announcement during the 2015 Africa Oil Week in Cape Town…
Chevron’s appraisal of the Anchor discovery proved successful oil pay in the Lower Tertiary Wilcox Trend, in the US Gulf of Mexico that the company says indicates a significant discovery of potentially hub class scale. Chevron's…
Noble Energy's Humback exploration well offshore the Falklands has encountered non-commercial quantities of oil and gas, Falkland Oil and Gas confirmed this morning. The 53/02-01 Humpback exploration well, which was running over schedule and budget…
Statoil has completed a farm-in transaction with ExxonMobil, acquiring a 35% interest in the ER 12/3/154 Tugela South Exploration Right offshore South Africa. The remaining interests are held by operator ExxonMobil (40%) and co-venturer Impact Africa (25%)…
Mozambique is looking forward to some US$691 million spending on exploration after naming successful bidders in its fifth licensing round. ExxonMobil, with partner Rosneft, has led the pack in bids to win new acreage, including deepwater areas…
Wood Group has won a multi-million dollar contract to provide engineering services to BP’s existing subsea infrastructure in the Gulf of Mexico, UK and Norwegian continental shelves and offshore Azerbaijan. Wood Group Kenny (WGK) will deliver program…
Noble Energy has commenced production from the Big Bend oil development in Mississippi Canyon 698 of the deepwater Gulf of Mexico. Noble and partners expect the single-well field to reach a maximum gross production rate of approximately 20…
In this illustrated video, National Oilwell Varco (NOV) shows its Devin subsea completion and intervention package and what it does for deepwater operations. Devin provides various surface support equipment packages and technicians in support of both lower/upper completion operations…
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) delivered the ARABDRILL 70 jackup rig to Arabian Drilling (ADC). ARABDRILL 70 is the fourth KFELS B Class jackup rig to work for ADC. Keppel FELS had previously delivered two jackup rigs…
CGG announced that it has been appointed as technical consultant by the Gabonese Republic’s Ministry of Petroleum and Hydrocarbons to help with the promotion of its 11th Licensing Round focusing on five highly prospective deepwater blocks…
Badger Explorer and the University of Glasgow, supported by the Oil & Gas Innovation Centre (OGIC), will collaborate on the development of the Badger Explorer technology, a rig-less formation and reservoir evaluation tool. The device drills down to the target reservoir…
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