Lundin Petroleum has started drilling exploration well 26/10-1 on the Zulu prospect in production license (PL) 674BS, 100km west of Stavanger in the North Sea. Zulu is about 30 km northeast of the Johan Sverdrup discovery. The main objective…
Norway's Ministry of Petroleum has welcomed interest in its latest Awards in Pre-defined Areas licensing round, despite the expection that future discoveries in the area will be smaller than in the past. Stakes in some 54 new production…
Egypt’s bid to pay off its mountain of debt to international oil companies and improve contract terms could create a rush of activity to make up for lost time. Patrick Werr reports. Former chairman of Egypt’s state-owned gas holding company…
Italian explorer Eni obtained a three-year extension for block 15/06, offshore Angola, the company announced on 19 January. Image from Eni. The license lies approximately 350km northwest of Luanda and 130km east of Soyo town…
Petrofac awarded CNIMa contract to design, build and commission a cooling system consisting of two custom-made absorption chillers to be installed aboard Petrofac’s new JSD6000 deepwater derrick lay vessel. The JSD6000 will be available in 2017…
Claxton is extending its large surface riser inventory to meet operators’ needs as more heavy-duty jackup rigs enter the North Sea. The company is adding new joints in the size and pressure required to interface with the blowout preventer (BOP) stacks on the new rigs…
Eversendai Offshore made a significant investment in AVEVA’s Integrated Engineering & Design solutions through its deployment of AVEVA Marine. AVEVA Marine is a set of integrated applications created…
Aberdeen-based, Hydro Group invested US$454,000 in state-of-the-art machinery, by installing and commissioning an advanced armoring line at its facility in Bridge of Don, Aberdeen, enabling the company to offer cable products which will improve and support subsea operations…
Companies in the deepwater drilling market have lost more than half of their value over the last year; Transocean, Seadrill, ENSCO and Diamond Offshore are currently priced 56% lower on average compared to January 2014 in line with the decrease in oil prices…
First oil has been produced from the Det norske-operated Bøyla field in production license 340 in the Norwegian sector of the North Sea offshore Norway. Bøyla, a subsea tie-back to the Alvheim floating production facility, is estimated…
SeaBird Exploration has signed a letter of intent for use of the Northern Explorer for a 2D seismic survey offshore West Africa. The survey will cover about 1700km and is worth about US$1.3 million. The project is expected to start in February and last two weeks.
Anadarko began first production at the Lucius field in the US Gulf of Mexico. Image of the Lucius spar. From Anadarko. Lucius is located approximately 380km southwest of Port Fourchon…
ExxonMobil began production at the Arkutun-Dagi field, off Russia. Image of the Arkutun-Dagi topside. Arkutun-Dagi is part of the multi-billion-dollar Sakhalin-1 project, which also…
Det norske is planning a US$238 million development for the Viper-Kobra fields near Alvheim in production license (PL) 203, in the central North Sea, off Norway. Map of Alvheim field. From Det norske…
Gazprom Neft’s subsidiary, Gazpromneft Sakhalin has been awarded subsoil-use rights to two blocks in the Russian Arctic. Image from Gazprom Neft. The first block, the Severo-Zapadniy (North East) block is located on the Pechora Sea shelf…
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