Petróleo Brasileiro (Petrobras) is offering nine shallow water fields located in the states of Ceará and Sergipe, in a competitive process. Image from Petrobras. The Brazilian…
Subsea mooring specialist First Subsea was awarded a contract by Shell Offshore to supply Ballgrab subsea mooring line connectors for the Appomattox development in the deepwater Gulf of Mexico. The semisubmersible four-column production…
Noble Energy entered into a US$369 million definitive agreement with the Harel Group and Israel Infrastructure Fund (IIF) to offload 3% working interest in the Tamar field, offshore Israel. Image of the Tamar platform…
Two workers from Eni's Nigerian Agip Operating Co. (NAOC) subsidiary were killed in an attack on their boat in the Niger Delta last week, the operator has confirmed. According to reports, a NAOC team of five was attacked on their way…
Statoil's Gina Krog platform is getting closer to first oil after the modules for the facility's topside set sail from Korea on two heavy transport vessels, Statoil has said. The transport from Daewoo Shipbuilding & Marine Engineering in Korea to the North Sea will take about 50 days…
ExxonMobil has received consent to use a new subsea well on the Balder field. ExxonMobil is the operator of the Balder field, in block 25/11 in the Norwegian North Sea, around 190km west of Stavanger. The Balder field belongs to production licence PL 001…
Penspen and Dar Al Handasah, operating as a joint venture, have been awarded a new project management contract by Kuwait Gulf Oil Co. to manage the engineering, procurement and construction of a new gas and condensate pipeline. The…
As of 4 July, the business formerly known as Talisman Sinopec Energy UK has been renamed as Repsol Sinopec Resources UK. This follows the acquisition, in 2015, by Repsol of the global assets of the former Talisman Energy, including a 51% stake in the UK North Sea joint venture with Sinopec…
Centrifugal pump firm Amarinth has secured an order for bespoke utility and fresh water pumps from Hyundai Heavy Industries (HHI) for a platform being built for ADMA-OPCO to operate in the Nasr oil field, offshore of Abu Dhabi. Amarinth…
While outages in Canada and Nigeria have helped a rally in oil prices, the outlook for 2017 isn't looking favorable as new projects come online, says Douglas Westwood. Matt Cook, who has authored the firm's World Drilling and Production…
Royal IHC and Tompkins UK are strengthening their strategic cooperation with IHC’s acquisition of a majority stake in Tompkins, the parent company of Modus Seabed Intervention and a partner in the TI Geosciences joint venture (that IHC and Tompkins created in 2015)…
Laden by corruption scandals and falling oil prices, Petrobras is struggling to repay US$130 billion worth of debt – nearly $24 billion will mature by 2017. Efforts to sell non-core assets (pipelines, power plants, bonds etc.) have been slow…
Per Harald Kongelf (56) has been appointed new SVP Improvement for Norway's Det norske oljeselskap. He joins Det norske from Aker Solutions Norge, where he has served as the regional head of Norway. He will take up the new role on 15 September 2016…
The Industry Technology Facilitator (ITF) has launched a call for proposals to improve or offer alternative approaches to cement plugs which are currently deployed in plugging and abandonment (P&A) operations in wells. The invitation is open to qualified organizations…
A new independent estimate of world oil reserves has been released by Rystad Energy, showing that the US now holds more recoverable oil reserves than both Saudi Arabia and Russia. For US, more than 50% of remaining oil reserves is unconventional shale oil…
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