Total has completed the flare out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria. The associated gas of the Ofon field is now being compressed, evacuated to shore and monetized via Nigeria LNG. “The flare-out of the…
Statoil has awarded service contracts for seven supply bases for the company in Norway to NorSea Group, Saga Fjordbase and Asco Norge. The contracts include terminal and warehouse services as well as storage and pipeline handling. “Logistics…
DOF Subsea, a subsidiary of DOF ASA, has been awarded several contracts in the North America region by key clients and oil majors in the Gulf of Mexico. The contract awards will give a utilization of the chartered-in vessels Ross Candies…
Exploration drilling has started on the Tvillingen South prospect in production license 510 in the Norwegian Sea. The prospect is located on the Haltenbanken in the Norwegian Sea, approximately 28 km southeast of the Kristin field. The well…
Underground coal gasificatoin (UCG) focused firm Cluff Natural Resources (CLNR) has taken on an environmental and planning consultant for its proposed Kindcardine project in the Firth of Forth, Scotland. Environmental Resources Management…
CNOOC encountered oil and gas at its deepwater Lingshui 25-1 prospect in the Qiongdongnan Basin in the South China Sea, the operator confirmed on 6 January 2015. The well was tested to produce about 35.6 MMcf/d of natural gas and 395 b/d of oil…
Chevron has become the latest major operator to join Viper Subsea’s joint industry project (JIP) to develop its subsea integrity monitoring system known as V-IR. The project, which began in October 2013, has already attracted Shell,…
Keppel Singmarine Pte Ltd. secured two contracts worth a total of approximately US$48.7 million. The first contract was awarded by Dubai-based Seaways International Pte Ltd. to build a multi-task anchor handling tug (AHT) vessel suitable for an array of offshore activities…
McDermott International received authorization from the Central Administration of Customs in Mexico to operate its Altamira fabrication facility near Tampico, Mexico, as a free trade zone. The Altamira fabrication yard…
Helix Energy Solutions Group, OneSubsea, and Schlumberger executed definitive agreements for the companies’ non-incorporated alliance, formed to develop technologies and deliver equipment and services to optimize the value chain of subsea well intervention systems…
While positive measures have been taken to attract investment in the UK’s exploration and production (E&P) sector, low oil prices and the country’s high tax burden mean that more significant changes are required to make new developments commercially viable…
Chevron discusses what it takes to deploy the technology and deliver first oil from the Jack/St. Malo fields, which are among the largest in the Gulf of Mexico. Discovered more than a decade ago, Jack and St. Malo are expected to deliver more than 500MMbbl…
Chevron encountered a significant oil discovery at its deepwater US Gulf of Mexico Anchor prospect. The Anchor well was drilled by Pacific Drilling's Pacific Santa Ana drillship. Image from Pacific Drilling…
Since June 2014, the oil price has been on a downward spiral. The price of West Texas Intermediate (WTI), a key global oil price benchmark, has more than halved and fell below US$50/barrel for the first time in 5.5 years yesterday (5 January)…
French seismic acquisition firm CGG has posted strong results for Q4 2014 despite the current 'unfavourable' oil price environment. The CGG Oceanic Vega. From CGG. The firm said its anticipates record multi-client sales for Q4 2014…
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