Latest News - page 2146

 

Eni takes over Morocco license

Mar 30, 2016

Italian major Eni has agreed a farm-in deal with Chariot Oil & Gas on the Rabat Deep Offshore permit, off Morocco.  Eni will take a 40% stake and take over operatorship in the Rabat Deep Offshore license area, about 30km offshore Morocco in 150-3500m water depth…

Mexico lowers local content rule for deepwater

Mar 29, 2016

Mexico’s Ministry of Economy has opted to set a low local content requirement for the upcoming deepwater bid round in December. The new rule, announced in Mexico’s official journal of the federation (DOF), says oil and gas companies must…

WJM bags first contract for MOSS V

Mar 29, 2016

William Jacob Management Inc. (WJM) has secured its initial contract to complete the detailed engineering and design of its first mobile offshore support services vessel: the MOSS V. Illustration of the MOSS V…

Interwell's rigless P&A concept

Mar 29, 2016

In this video, Interwell shows an illustration of its new approach of its plugging and abandonment (P&A) solution that is a completely rigless approach to well P&A – with no need to remove tubing prior to P&A operations, and no need for drill pipe while placing primary/secondary barriers…

Island Constructor mobilizes to Oyo field

Mar 29, 2016

Houston-based Erin Energy has mobilized the Island Constructor light well intervention (LWI) vessel to the Oyo field, offshore Nigeria. The Island Constructor, from Island Offshore. The…

Emerson releases Roxar Tempest 7.2

Mar 29, 2016

Emerson Process Management has launched Roxar Tempest 7.2, the latest version of its integrated reservoir engineering software suite that can be applied in a wide variety of scenarios such as field appraisal, field optimization, and brownfield development…

AGR, Lundin sign consultancy agreement

Mar 29, 2016

AGR have been awarded a frame agreement with Lundin Norway for delivering consultancy services on- and offshore Norway. The four-year agreement has extension options which could see the partnership continue for eight years in total. “We…

Dana fails at Manatee-1

Mar 29, 2016

Dana Petroleum and its partners failed to make an oil discovery at the Manatee-1 exploration well, offshore Cameroon, according to partner SDX Energy. The well, located in the shallow waters in the prolific Niger Delta basin, was spud on 2 March using the Paragon M825 jackup rig…

Alliance to debut 15K intervention riser system in 2017

Mar 29, 2016

The Subsea Services Alliance (Alliance), a joint collaboration between Helix Energy Solutions, OneSubsea, and Schlumberger, will introduce its first joint project to engineer and manufacture a 15,000psi intervention riser system that will be available in July 2017…

Eni JV wins Cape Three Points license

Mar 29, 2016

A consortium led by Eni and comprising of GNPC, Explorco, Vitol, and Woodfields, has been awarded a new exploration license, Cape Three Points Block 4, located in the Tano Basin, offshore Ghana. GNPC, Vitol and Eni are already developing…

Chevron axes Mærsk Deliverer contract

Mar 29, 2016

Chevron’s Angola affiliate, Cabinda Gulf Oil Co. (CABGOC), sent an early cancelation notice to Maersk Drilling for the ultra deepwater semisubmersible Mærsk Deliverer. The Mærsk Delivererhas been on contract with CABGOC since May 2012…

Hejre in limbo as DONG terminates EPC contract

Mar 29, 2016

DONG Energy's flagship high-pressure, high-temperature Hejre field development is in a state of limbo after operator DONG Energy said it was terminating a contract for the topsides, despite being well into construction. Contractors Technip and Daewoo Shipbuilding & Marine Engineering…

BP picks Aker for subsea frame agreement

Mar 29, 2016

Aker Solutions secured a global framework agreement to deliver engineering and project management services at BP-operated subsea oil and gas fields. The contract has a fixed period of five years and may be extended by two years. It covers subsea engineering services…

ONGC to invest US$5 billion in deepwater

Mar 28, 2016

India’s Oil and Natural Gas Corp. (ONGC) has received approval from its board of directors for the development of its proposed US$5.1 billion deepwater oil and gas project, offshore east India. Image from ONGC…

Atlantic Petroleum gets LOG lifeline

Mar 28, 2016

Atlantic Petroleum entered into heads of terms with London Oil and Gas (LOG) to inject about US$11.4 million of funds and assets into Atlantic by 24 June 2016. “Atlantic Petroleum's Orlando & Kells assets are expected to have a high value when the market conditions improve…

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