International independent Premier Oil has said its Falklands Sea Lion development is to be scaled back, initially, to make it a phased development due to rising costs and low oil prices. Initial costs on an initial, smaller floating…
Classification society ClassNK has given approval in principle to a new H2/CO2 floating production, storage and offloading (FPSO) to a new design developed by Mitsubishi Heavy Industries (MHI) and Chiyoda Corporation. FPSOs are used by…
Tullow Oil is to “significantly reduce” its 2015 exploration spend and focus on its West African producing assets, including the TEN development project, amid falling oil prices. The move will see Tullow’s investment focus on West Africa…
Ormen Lange field operator Norske Shell has completed its latest appraisal well, 6305/8-2, on the field. The well encountered a 28m gas column with an underlying water zone in the “Egga reservoir unit” with very good reservoir quality…
Bibby Offshore has won a multi-million pound contract award by Total E&P UK for services in the UK North Sea. The project, including associated project management and engineering, will be carried out on the Ellon and Grant field, 270 miles north-east of Aberdeen and in up to 135m water depth…
United Arab Emirates' Abu Dhabi Marine Operating Company (ADMA-OPCO) has awarded Technip a contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) works of the Nasr Phase II full field development project – Packages 1…
Baker Hughes and Halliburton are in ‘preliminary discussions’ in regards to a possible merger between the two oil services providers, Baker Hughes confirmed on 14 November. “These discussions may or may not lead to any transaction. Baker…
The global oil and gas industry is now facing the reality that many of its on and offshore wells are being used beyond the original lifespan. This presents significant uncertainty around the integrity, safety and productivity of the remaining service life…
Genel Energy completed testing operations on the SM-1 well on the Nour prospect in the Sidi Moussa license, offshore Morocco, resulting in the plugging and abandonment of the well, according to partner Serica Energy plc. The Noble Paul Romano…
Canada's CGX Energy said the jackup rig slated to spud its offshore Guyana prospect is due to be completed by end of January 2015. The Hakuryu-12 jackup drilling rig, soon to be part of Japan Drilling Co.'s fleet, is currently under construction in Singapore at PPL Shipyard…
Technip is investing more than US$84.7 million and more than four years to modernize its flexible pipe manufacturing plant, Flexi France, in Le Trait, France. This plan focuses on the installation of new-generation machines and site optimization to fit 12m diameter reels…
Bentley Systems and Trimble have committed to leveraging construction modeling for the benefit of capital, industrial, and infrastructure project delivery. Aspects of construction modeling include modeling of temporary works, intelligent positioning…
GE opened its US$500 million Brazil Technology Center in Rio de Janeiro. The research hub will focus on developing advanced technologies for offshore oil and gas exploration and production. The center, GE’s first in Latin America…
The US$7.8 billion combination of AMEC plc and Foster Wheeler AG is complete, creating Amec Foster Wheeler plc, a new force in global engineering, project delivery, asset support, power equipment and consultancy. The new company, Amec Foster Wheeler…
Mubadala Petroleum began production from two wells at the Manora oil field in the northern Gulf of Thailand. Manora field FSO. From Mubadala. The field is located within the G1/48 concession…
Subscribe
