With the world economy once again on an upward trajectory, 2014 is likely to see a number of key oil and gas projects rise to the fore. Meanwhile, exploration and production trend towards evermore challenging waters and is anticipated to…
Subsea 7 provides this video charting the timeline of construction for its latest pipelay/heavy lift strategic enabler vessel Seven Borealis, delivered in 2012. Seven Borealis is a customized SOC 5000 model designed by ULSTEIN. The vessel's…
New Zealand’s offshore exploration prospects have risen after a renewed interest in the region. Today, Shell New Zealand, and its partners OMV New Zealand and Mitsui E&P Australia, announced plans to drill an exploration well in Production Exploration Permit (PEP) 50119…
First gas has been produced form the southern North Sea Juliet field, says operator GDF SUEZ. Juliet is a subsea development on the western flank of the southern gas basin, 39km east of the Lincolnshire coastline in the UK. First gas is from the West Well…
GE Oil & Gas today announced the opening of a logistics base for the Brazilian oil and gas sector. With an area of 590,000sq. ft and investments that exceed US$100 million, GE’s base in Niteroi in the state of Rio de Janeiro was designed primarily to load and unload installer ships…
The COSLGift, an independent leg cantilever jackup rig, has been delivered, and is enroute to Southeast Asia, China Oilfield Services Ltd. (COSL) announced. COSL acquired the COSLGift and its sister rig COSLHunter (pictured) in August 2013…
Chariot Oil & Gas Ltd has completed a 2128km 2D seismic survey in southern block 2714B offshore Namibia, the company announced. The survey was carried out by Dolphin Geophysical Ltd using the seismic vessel Artemis Atlantic to provide…
BG spudded its Sunbird-1 exploration well offshore Kenya, joint venture partner Pancontinental Oil and Gas announced. The well is in license area L10A, ub 721m water depth. The Deepsea Metro 1drillship is expected to take 50-60 days to drill 3000m below sea level…
Canadian LNG update from Norway's Rystad Energy AS: As of November 2013, there were no approved liquified natural gas export terminals in Canada. There are three proposed projects: Kitimat – Apache, Douglas Island, and Kitimat – LNG Canada…
Asset integrity services firm Stork Technical Services has agreed to sell its subsea division to Netherlands-based N-Sea Group. Stork said the move followed a strategic review of its core business and would enable it to focus on key services and innovations…
Repeated boughts of bad weather around the UK have caused disruption to offshore oil and gas operations in the North Sea. Endeavour International Corporationsaid today that, due to the continued periods of bad weather, timing of first production from second production well…
US shale oil production will not be a threat to deepwater oil and gas development, an analyst has said today. Steven Kopits, working with Douglas-Westwood in New York, says many investment banks and government agencies have forecast that…
The Canada-Newfoundland and Labrador Offshore Petroleum Board released an incident bulletin today about a leak from Hibernia Offshore Loading System. Hibernia Management and Development Co. Ltd. (HMDC) reported an ongoing leak of crude…
North Sea oil and the constitutional debate in Scotland and the UK The possibility of Scotland becoming an independent country is currently attracting much interest, and not just locally, but in the rest of the UK and elsewhere as a referendum on the issue…
Baker Hughes Inc. rotary rig count shows 61 rigs active offshore US for the last two weeks, up 10 rigs from a year ago (19.6% year-over-year increase). This includes 55 rigs working off Louisiana (up from 47 a year ago), 2 rigs off Texas (up from 1 rig)…
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