Ophir Energy signed an amendment to the Block R production-sharing contract (PSC) that establishes gas fiscal terms within the PSC and a fiscal framework for the Fortuna floating liquefied natural gas (FLNG) project. The amendment has…
Pulse designed, manufactured and installed a powerful motion and strain monitoring system to verify the design of the first lazy-wave steel riser system to be installed in the Gulf of Mexico. The monitoring program at Anadarko’s Constitution…
ConocoPhillips is plugging and abandoning the Kamoxi-1 exploration well as a dry hole after drilling to a total depth of 22,660ft, offshore Angola. Kwanza basin activity. From Deloitte Petroview Kamoxi…
Statoil aims to shed a further 15% on the capital cost for the Johan Castberg development, offshore Norway, before it can move forward, its project manager said. The up to 600MMboe Barents Sea Johan Castberg project has been delayed twice…
Seadrill Partners LLC and Seadrill Ltd. entered into an agreement to sell the ultra deepwater drillship West Vela to the company’s 51% owned subsidiary Seadrill Capricorn Holdings LLC. Seadrill says the acquisition, that includes…
Obsolescence is not a new issue for the offshore energy industry, however, it remains an insidious creeping plague, which hides in the wake of new and changing technologies to take everyone by surprise around 10 years into the system life cycle…
Bibby Offshore’s Houston-based division, Bibby Subsea, is investing in a custom-built office in Houston. Image of Quasar ROV being launched. From Bibby. The new 6300sq ft office…
SOCO EPC, operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has successfully completed testing the exploration well Lidongo X Marine 101 ST1 well (LXM-101). The well 'significantly exceeded' pre-test expectations…
Flying offshore is one of the world's safest commutes. Offshore activity drives the global market for oil and gas-related helicopter services, which is estimated to be worth US$24 billion over the next five years, 2014-2018. Companies…
How much does Russia’s oil and gas industry stand to lose in light of increasing Western sanctions? Sarah Parker Musarra reports. In April 2014, the first oil produced from the Russian Arctic Shelf…
ABS Group’s Brian Gibbs and David Hua discuss long-term strategies to extend the service life of aging offshore assets. Structural integrity is critical to sustaining stable, reliable, and optimal performance…
Simon Frost explains the role of engineered composite repairs in late life asset management. A tubular brace, having suffered wall loss through external corrosion, was reinstated to its original…
John MacDonald and Lee Tran of 2H Offshore discuss a methodology to help operators extend the life of steel catenary risers in order to keep pace with new subsea tiebacks projects. Intelligent PIGS can be used to assess internal corrosion…
With its latest software release, Paradigm offers high-definition seismic processing for a general user. Sarah Parker Musarra discussed the powerful new software with Paradigm SVP Indy Chakrabarti. Accurate…
UK-based Centek Group opened it its new US$13 million factory and expects to increase its UK production capacity. The expanded works in Newton Abbot, Devon, occupies 75,000sq ft, which with the US factory that opened in 2012 gives a total of 147…
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