John Bradbury reports on new equipment designs for risers and umbilicals from DeepFlex and Technip, which the two top-tier players say can stretch the performance envelope. Umbilical spools on Technip Umbilicals’ quayside in Newcastle…
Elaine Maslin takes a look at Fincantieri’s latest ultra deepwater drillship design – Proxima, sporting twin cylindrical drill towers and two moonpools. Fincantieri’s Proxima drillship design…
Russian arctic oil exploration is facing an uphill battle against international sanctions and low oil prices. But, the country’s oil companies and government are still keen to find produce their icy black gold. Eugene Gerden reports. The…
Keppel FELS in Singapore is on track to deliver three KFELS B Class jackup rigs to Mexico's Grupo R, the company announced on 30 May, following a triple naming ceremony. Built to Keppel's proprietary KFELS B Class design, the three identical rigs were named CANTARELL I…
88 Energy received notification that the Moroccan Minister for Energy and Minister for Finance have signed the assignment document, finalizing the divestment of the interests of DVM International SARL ('DVM', 88 Energy's subsidiary in Morocco) in the Tarfaya Offshore Block…
While Shell’s agreement to acquire BG Group for US$69.9 billion is the largest mega deal since Exxon and Mobil merged in 1998, the underlying market is slow, according to research and consulting firm GlobalData. The company’s latest monthly…
Murphy Oil completed and achieved first production at its Medusa SS #6 well in the Gulf of Mexico, according to partner W&T Offshore. Medusa SS #6 is located in the Medusa Field, in Mississippi Canyon 538/582 approximately 100m south of New Orleans…
Statoil will make its first moves into Nicaraguan waters after the country awarded the Norwegian explorer four licenses off its Pacific coastline. The 29 May announcement came after meetings last September where delegates from Statoil and the state oil company…
Wärtsilä Corp. announced that its acquisition of the Germany-based L-3 Marine Systems International (MSI) has been finalized and control of the company will be transferred to Wärtsilä effective 1 June 2015. Wärtsilä will acquire…
W&T Offshore encountered hydrocarbon pay at Ewing Banks 910 with the successful drilling and evaluation of the Ewing Banks 910 A-5 ST well in the Gulf of Mexico. The company logged 160ft of gross hydrocarbon interval and is currently completing the well…
Producing oil and natural gas safely and responsibly in the Arctic will strengthen America’s economy and national security, API said in comments to proposed regulations for operations offshore Alaska. “Producing more energy here at home creates new job opportunities and makes us more secure…
More than 5000 jobs have been lost in the UK North Sea sector and more losses are likely, the CEO of trade body Oil & Gas UK says. Deirdre Michie, Oil & Gas UK’s recently appointed CEO, told reporters during a briefing in Aberdeen that this is a challenging time for the industry…
Image from Schlumberger. The merger between the world's largest oilfield services company Schlumberger and Russian drilling contractor Eurasia Drilling Co. (EDC) has been put on the…
At MTS/IEEE OCEANS’15 in Genoa, EvoLogics presented its latest developments with a mobile demonstration kit that combines underwater LBL (Long Baseline) positioning with the company’s unmanned surface vehicle, the Sonobot. The Sonobot…
Brazilian giant Petrobras encountered light oil pay at the second appraisal well at its Carcará pre-salt discovery offshore Rio de Janeiro, according to partner Queiroz Galvão Exploração e Produção (QGEP). ODN II…
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