In this video, Weatherford illustrates that upgrading a rig with the right integrated solution can result in a safer, more efficient wellsite. According to the company,pre-installed rig systems are not always well suited for complications that arise during drilling operations…
UK-based explorer Cairn Energy's latest appraisal well on its SNE discovery offshore Senegal has been hailed a success. Far Ltd, a partner on SNE, has previously estimated the SNE 2C contingent resource at 468 MMbbl. An updated resource…
Douglas-Westwood (DW) forecasts deepwater expenditure to total US$137 billion from 2016-2020. This represents a 35% decline compared to DW’s previous edition of the deepwater forecast issued March 2015. The prolonged low oil price has impacted the deepwater market…
Exmar and Pacific Exploration and Production (formerly Pacific Rubiales) have agreed to terminate a liquefaction and storage agreement, originally executed in March 2012 for a term of 15 years from delivery of a floating liquefaction unit (CFLNG) with a liquefaction capacity of approximately 0…
Exceed has secured a contract to support Fairfield Energy in its forthcoming North Sea well plugging and abandonment campaign. Fairfield’s program includes 45 platform wells and 16 subsea wells, all of which will be plugged and permanently abandoned…
SeaBird Exploration has signed an addendum to the charter party relating to M/V Hawk Explorer to further extend the lease on current payment terms from 31 May 2016 to 28 February 2017. At the end of the lease, the company will have the…
US supermajor Chevron is set to shave its budget by as much as 36% by next year, as the company approaches the finish line for global construction projects, and sets its sights on increasing production. Jack/St…
Royal Boskalis Westminster N.V. has been awarded a contract from the National Petroleum Construction Co. of Abu Dhabi, UAE for dredging work related to the installation of an offshore gas pipeline of the Abu Dhabi National Oil Co. as well as to an existing offshore gas pipeline…
Shell Canada’s operations offshore Nova Scotia were brought to a halt over the weekend due to severe weather, which caused a 2km pipe from the Stena IceMAX drillship to fall to the seafloor. The Stena IceMAX…
Petronas' first floating liquefied natural gas (FLNG) facility officially received its name, PFLNG Satu, at a ceremony held at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. President and group CEO of Petronas…
UK North Sea industry trade body Oil & Gas UK set out a string of tax change proposals which it says could help boost the ailing industry’s competitiveness and investors confidence. The calls for urgent tax reform follow the trade association’s latest activity report…
DONG Energy has reached an agreement with The Crown Estate to reconfigure the Hornsea zone as part of the Round 3 offshore wind development zones. Following its acquisition of the remainder of the Hornsea zone from Mainstream Renewable Power and Siemens Financial Services in 2015…
Global offshore drilling giant Transocean has set back the delivery date for five new jackup rigs by nearly four years. In an agreement with rig builder Keppel Offshore & Marine's shipyard, Keppel FELS, delivery of the five Super B 400…
Byron Energy's SM-6 #2 well in the South Marsh Island Block 6 in the US Gulf of Mexico has intersected a number of hydrocarbon bearing sands which may result in an increase in reserves estimates for the block, says partner Otto Energy. Otto…
Chevron Corp. has begun production from its liquefied natural gas (LNG) and condensate at the Gorgon Project on Barrow Island off the northwest coast of Western Australia. The first LNG cargo is expected to be shipped next week. “We expect…
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