Exxon Mobil has taken an addition 6% stake in an exploration licence offshore the Faroe Islands. The deal, with Faroese explorer Atlantic Petroleum, will see Exxon's stake in Licence L016 increase to 26%. The move was followed by…
Norwegian oil and gas company DNO International is increasing its acreage offshore Tunisia and plans to drill next year. Through its subsidiary DNO Tunisia AS, the firm has entered a farm-in agreement on the Sfax offshore exploration permit and the Ras El Besh concession…
DNV Maritime Oil and Gas is increasing its focus on ship safety when identifying critical issues in shipping. An extended focus on risk-based rules, safety barriers and identifying high-risk areas are ways the company plans enhance safer shipping…
Ten bodies have been recovered during a rescue operation off the coast of Nigeria after a tugboat contracted by Chevron sank on May 26, 2013. According to Chevron, the Jascon-4 capsized and sank while supporting a tanker loading at SBM 3…
Howco Group has invested more than £3m in new equipment and machinery at three of its UK plants, including £1.6m at its facility in Sheffield. Investments by the firm, which distributes raw materials and manufactured components for wellhead…
Nine offshore oil concessions are up for grabs in Peru's international bid round, which the country launched on Friday, 31 May 2013. The government estimates that the round could rake in US$450 million with companies investing a minimum of $50 million…
KrisEnergy has spudded the Tayum-1 exploration well in the Kutai PSC, offshore East Kalimantan, Indonesia, its partner Salamander Energy (23.4%) announced on 3 June 2013. The Tayum well is being drilled using the Randolph Yost jackup…
HRT's wholly-owned subsidiary HRT Walvis Petroleum Ltd., has the spud-in of the Murombe-1 (2212/06-1) off Namibia, the second offshore well in its back-to-back exploratory drilling campaign. The well is targeting the Murombe Prospect…
Exploration and production company Sound Oil is planning to drill its first appraisal well on the Laura discovery offshore Italy as part of a larger drilling program in the country next year. Laura, in the D150 DR-CS permit in…
Mediterranean Oil & Gas (MOG) has agreed to join Cairn Energy in its offshore Malta exploration efforts. MOG will, subject to regulatory approval, take a 40% stake in Cairn subsidiary Transunion Petroleum in offshore areas Malta Area 3 - Blocks 1…
Keppel FELS has delivered its first KFELS Super A Class jackup rig to Discovery Offshore for use in the North Sea. Named Discovery Triumph, the first KFELS Super A Class jackup was delivered 46 days ahead of schedule and with a perfect safety record…
Proper Procedures, Smart Planning Ensure Assets Remain Up and Running Piper Alpha started off as an oil platform in 1976 and then later was converted to gas production before a July 6, 1988 disaster left it at the bottom of the North Sea…
Dr Keith Millheim, managing director of Nautilus International, a distinguished professor who has also worked with Conoco, Amoco Production, and Anadarko Petroleum, was one of the first to see the potential in automating oil fields. Back in 2008…
Owners and operators of offshore wells aim at improving efficiency, cutting costs, reducing failures and down time, while maximizing economic benefits. It’s no easy task under the best of circumstances. Reaching these goals requires a sophisticated…
Ask industry executives what trend is top of concerns; unequivocally the answer will be the pending shortage of qualified engineers. You can talk about real-time data exchange, safety, security, Big Data, alarm management, contextualization…
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