Paragon Offshore has won a short-term contact with Centrica for the B391 jackup, offshore the UK. The B391 will preform light well intervention work from late-October to late-November 2016 at a dayrate of US$53,000. Centrica and Paragon…
Royal IHC has signed a new contract for the engineering, procurement and construction (EPC) of a tandem mooring and offloading system for a floating, storage and offloading (FSO) vessel. Image from Royal IHC…
French seismic firm CGG will use ultramodern images help to assess exploration blocks in Mexico’s upcoming licensing round, in the Perdido fold belt. The reprocessing project, Encontrado, is a merge of nine existing surveys, acquired with different orientations…
Quadrant Energy has confirmed a successful well test from the Roc-2 well, offshore Western Australia, that shows significant potential in a largely unexplored area. Map of Roc-2, from Quadrant…
Repsol Sinopec North Sea (formerly Talisman North Sea) has extended its lease on the Bleo Holm floating production, storage and offloading (FPSO) unit up to 30 June 2018. The Bleo Holm is the sixth Bluewater designed, built, owned and operated FPSO…
Kvaerner can deliver such projects at a cost which is attractive even with oil prices at levels around US$50/bbl, but the timing of new projects remains uncertain, says Norwegian engineering and fabrication group Kvaerner. The firm,…
Intelligent Engineering has seen its SPS repair system used on a floating storage and offloading (FSO) vessel offshore Cameroon. The FSO Komi Kribi 1 (KK1), converted in 1977 from a VLCC and operated by ExxonMobil for Cameroon Oil Transportation Co…
Subsea power cable and umbilical manufaturer JDR has revealed plans to open a new European service support center in Newcastle upon Tyne, UK to deliver greater service value for clients and support anticipated growth. Located on the River Tyne…
The UK Accreditation Service has awarded NEL’s Elevated Pressure and Temperature (EPAT) test facility ISO/IEC 17025 accreditation [calibration laboratory No 0009]. This makes it the first and only high-pressure, high-temperature facility…
Mexican state owned oil company Petróleos Mexicanos (Pemex) has applied to Mexico's Energy Ministry, SENER, for a joint venture for two shallow water fields in the Gulf of Mexico on 18 October, according to news reports. Image from Pemex…
PGS has added another Cray XC supercomputer to its Houston Mega Center. The computer is named PGS Galois after the French mathematician Évariste Galois (1811-1832), and comes in addition to the Cray XC supercomputer PGS Abel delivered last year…
CGG GeoSoftware has released a series of software across its reservoir characterization product portfolio. The delivery of InsightEarth 3.1, Jason 9.6, PowerLog 9.6, EarthModel FT 9.6 and VelPro 9.6 offer more productive workflow solutions…
Hurricane Energy has reported a sustainable flow rate from a horizontal side-track well at its Lancaster discovery, West of Shetland, offshore the UK. Image from Hurricane. The…
More than 3 billion boe remain in some 350 unsanctioned discoveries across the UK Continental Shelf (UKCS), according to information released by the Oil and Gas Authority (OGA). Of the 3 billion, the majority are 'small pools,' defined as less than 50 MMboe technically recoverable…
Dril-Quip has entered into an agreement to acquire Houston-based TIW Corp. for approximately US$143 million, subject to closing adjustments. TIW is a 100-year old manufacturer of consumable downhole products for the global oil and gas market…
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