UK-based, Africa-focused explorer Bowleven has agreed to sell a 50% stake in the Etinde Permit, offshore Cameroon, to LUKOIL and NewAge, for about US$250 million, under a conditional agreement. LUKOIL is to acquire a 37.5% interest in the Etinde Permit…
Emerson Process Management has opened a flow loop facility for Roxar technologies in Stavanger. The new facility will increase production capacity and drive future developments in multiphase meters, enabling oil and gas operators to access…
Technip has been awarded two contracts by Maersk Oil for the Valdemar and Roar gas lift project as well as the Rolf replacement pipeline project, on the Danish Continental Shelf, 250km offshore Esbjerg, Denmark. The scope of work will…
Produced water was one of the reasons for Benin’s only offshore field, Sèmè, being shut in after 14 years of production. Vince Buchanan explains how technology is helping the field return to production. The…
One of Clair Ridge's jackets is shown on an installation barge in 2013. Photo from BP. BP applied a “less is more” approach to enhanced oil recovery, and, in doing so, won a Distinguished Achievement…
CSP (conductor supported platform) topsided being loaded into the Industrial Force vessel at Sfax, Tunisia, for transportation to Cotonou, Republic of Benin. Photos from Aquaterra. After being abandoned in 1998…
Deeper and more difficult reservoirs are demanding different concepts offshore West Africa, including tension leg platforms. Jérôme Iacovella and Pauline Beraud discuss the options. The Moho Nord TLP design…
The Archer Topaz modular rig, as it will look installed on the Helmdal platform. Photo from Archer. Archer’s new vertical drilling rig is due to debut in the Norwegian North Sea later this year…
Russian national Rosneft and private oil giant Lukoil have started drilling appraisal well №. 1 at the Caspian Oil Co.-operated Ribachya structure in the North Caspian project license. Total prospective resources of the block are estimated at 1…
ION Geophysical Corporation announced today that it has entered into an agreement to increase its ownership of ocean bottom seismic (OBS) acquisition company OceanGeo B.V. to 100%. ION acquired 30% of OceanGeo in February 2013 and increased its ownership to 70% in January 2014…
Nam Cheong Ltd a global offshore marine company and Malaysia’s largest Offshore Support Vessel (OSV) builder announced today that it has sold two accommodation work barges (AWB) worth approximately US$84 million. The barges were sold to Perdana Petroleum Berhad…
Hydro Group plc, a global design and manufacturer of underwater cables and connectors, announced the appointment of two senior management positions. Lynn Rennie joins Hydro Group in the position of Program Manager, handling a range of projects across the engineering…
SKF provides this overview of the company's SKF wireless machine condition sensor, which measures both vibration and temperature data. Read more about the technology in the July 2014 edition of OE.
Drilling technology has improved by leaps and bounds in the past 20 years. Yet, Statoil’s drilling and well research manager says there’s room for a revolution when it comes to efficiency. Elaine Maslin reports. “I think there’s room and need for a revolution in offshore drilling…
Mubadala Petroleum announced today that appraisal drilling and testing has confirmed the Pegaga discovery in Block SK320 offshore Malaysia as a substantial gas discovery with significant commercial potential. A third discovery, Sirih-1…
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