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…
Apache is to increase investment in drilling to 78% of its annual capital spending in 2016-2020, compared to 51% in 2012-2015, a business breakfast was told in Aberdeen this morning. Investment in seismic will double, from 5% of its capital spending to 10%…
Woodside Petroleum informed Papua New Guinea-focused Oil Search that it has withdrawn its proposal to merge the businesses. Woodside CEO Peter Coleman. Image from Woodside. This follows the Australian explorer’s US$8…
NorSea Group (UK) has won a five-year contract with Wild Well Control for the storage of its emergency response WellCONTAINED System at NorSea Group’s facilities in South Base, Montrose. The WellCONTAINED system of services includes…
Tidal power firm Atlantis has entered into a five-year collaboration agreement with JDR Cable Systems to develop solutions for storage, installation, monitoring, connection, termination and testing of offshore subsea cables, as well as advancing the engineering design of the cables…
Wood Group has won a new, multi-year contract with ConocoPhillips in Australia for brownfield engineering services to the Bayu-Undan field, in the Timor Sea, south west of Timor-Leste, and the Darwin liquefied natural gas (LNG) plant at Wickham Point…
Norway-based eDrilling launched a simulator for drilling and well engineering and training of all engineering disciplines, to help the industry with efficient and safe well delivery. WellSim Interact represents the ultimate training/engineering…
Tracerco landed a contract to provide smart tracer technology for flow measurement of six new wells in Statoil’s Maureen reservoir of the Mariner field in the UK North Sea. Ilustration from Statoil…
Subsea 7 will provide decommissioning services for the second phase of Centrica’s Rose and Stamford gas field decommissioning programs, located in the southern North Sea. Photo of the Seven Atlantic DSV…
OSD-IMT, the UK division of Netherlands-based Offshore Ship Designers (OSD), is designing two 120m IMT9120 riserless light well intervention / IMR vessels for Austin Offshore, the shipping arm of Upstream Drilling, Singapore. The…
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