BP Egypt has completed its acquisition of 22.75% in the North Alexandria Concession and 2.75% in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel. The acquisition will bring BP’s working interest in both concessions of the West Nile Delta project to 82…
Ophir Energy has cut its planned development cost and signed a heads of agreements for LNG offtake from its Fortuna FLNG project offshore Equatorial Guinea. Gross capital costs on the project - due to be Africa's first floating LNG project…
Ingen Ideas, an Amec Foster Wheeler company, has been awarded an £8 million contract by Marathon Oil for multi-discipline engineering contract on Marathon Oil’s Brae Complex in the North Sea. The contract started in October 2015 and will run for five years…
Wood Group has secured its second front-end engineering design (FEED) contract for the proposed Browse floating liquefied natural gas (FLNG) Development offshore Western Australia. Under the new contract with Woodside, effective immediately…
Houston-based Helix Energy Solutions and Jurong Shipyard entered into a second amendment to delay the construction of Helix’s Q7000 newbuild semisubmersible well intervention vessel. Image from Helix Energy Solutions…
Trendsetter Engineering was awarded a contract to design, manufacture and test the industry’s first 20,000 psi valve‐based capping stack. This capping stack will be capable of containing high pressure, high temperature subsea oil wells in the event of a subsea well‐control incident…
Image from eDrilling. eDrilling announced that they have launched a simulator for drilling and well engineering and training of all engineering disciplines, to help the industry with efficient and safe well delivery…
McDermott International announced it has been awarded a sizeable transport and installation contract by an upstream oil and gas operator for a project offshore Trinidad, West Indies. The contract award includes the transport and installation of a 1000-tonne deck and 1600-tonne jacket…
Songa Equinox has commenced drilling operations under its eight-year drilling contract with Statoil at the Troll Field on the Norwegian continental shelf, and the rig is now on operating rate. Songa Equinox is the first rig in a series of four Category D semisubmersible drilling rigs…
Low production efficiency in the UK North Sea has amounted to some 900 MMboe of lost production, a senior oil executive told a business breakfast in Aberdeen this morning. Ray Riddoch, Nexen Petroleum’s UK managing director, said in 2014…
Seadrill Partners has secured one-year contract extensions for the T-15 and T-16 tender rigs with Chevron Thailand E&P. The contracts will now expire in July and August 2019, respectively. The total backlog of the two contract extensions is approximately US$80 million…
Ensco appointed Carey Lowe as the new chief operating officer. Lowe is based in London and succeeds Mark Burns, who is retiring from the company. Lowe has held various executive management positions at Ensco since joining the company in 2008…
The US Bureau of Safety and Environmental Enforcement (BSEE) will launch a pilot risk-based inspection program for offshore facilities, the agency announced on 7 December. “By focusing on facilities based upon their risk factors, BSEE…
Azerbaijani officials have recovered and identified six people from the Socar platform incident in the Caspian Sea that resulted with dozens missing at sea, and a fire that is still burning. Image of Socar's West Azeri platform…
You’ve found the oil. Now drill into significant cost savings.Having the resources is only the start. It’s knowing how to maximise the potential as cost-efficiently as possible is the key. Based on knowledge gained over 500 global drilling operations…
Subscribe
