Africa-focused Lekoil is to raise US$100 million funding through a placing with Mirabaud Securities LLP for drilling offshore Nigeria. The cash will be used to complete drilling and testing on the Ogo-1 well and Ogo-1 side track; the future development of the OML113 licence offshore Nigeria…
Australia’s Pura Vida has agreed a farm-in deal giving it a 50% stake in the Ambilobe area office Madagascar, east Africa. The firm has also finalized a farm-out deal offshore Morocco. Pura Vida will take a 50% stake in the Ambilobe block…
The University of Houston’s Subsea Engineering program is the first of its kind in the US. The program—founded by mechanical engineering professor and director of UH Subsea, Matthew Franchek— is in its inaugural year operating with a 10-course…
Subsea 7 demonstrates the effectiveness of pipeline bundle solutions and a subsea depressor device in the North Sea. By Meg Chesshyre “Subsea 7 is currently experiencing the busiest period of bundle design/installation activity ever…
Two countries – Malaysia and Indonesia– hold nearly two-thirds of the region’s reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems Offshore Asia Oil & Gas Market Report to 2017…
Statoil Gulf Services, the North American subsidiary of the Norway’s Statoil, has signed a lease for 581,000 square feet in CityWestPlace in Houston, Texas, to serve as their North American headquarters. The company already 225,000 square feet in the complex…
Physical modeling of deepwater projects can be a very useful tool. Despite the advent of computer modeling and immersive computer visualization environments, physical 3D models help vessel operators, riggers, and field engineers find potential problem areas and resolve spatial issues…
The European branch of the Intervention & Coiled Tubing Association (ICoTA Europe) has announced the finalists of its Innovation Awards ahead of its annual SPE ICoTA Well Intervention Conference. The award is presented annually to an organization that…
Following the Deepwater Horizon incident in 2010, a group of leading oil companies came together to form Marine Well Containment Company (MWCC), an independent company tasked with developing, owning and maintaining a system to respond to a deepwater well control incident…
Houston-based Helix ESG recently completed a deepwater well decommissioning project in 7919ft. Darin Hilton explains the steps and options involved in plugging and abandonment. Over the past several years, there has been a growing demand…
Louisiana Gulf Coast Oil Exposition (LAGCOE), one of the world’s pioneer oil and gas expositions, recognized the 2013 Spotlight on New Technology award winners at the CajunDome in Lafayette October 23. This awards program recognizes companies…
Bolt-tensioning, equipment firm Tentec is showcasing its new V-Series of compact flange bolt tensioners. The V-Series is a range of tools designed for use on SPO compact flanges and the Norsok L-005 compact flanges. The range consists of 11 bolt tensioning tools covering bolt sizes from ¾-4in…
Expro Group says lightweight, mobile systems are needed to meet future deepwater intervention needs. Demand for deepwater subsea well intervention services continues to grow. However, to date, the focus remains on completions for new field developments…
UK-based engineering firm Wood Group will form a joint venture (JV) with Germany’s Siemens to provide integrated rotating equipment services. The JV will comprise the maintenance and power solutions businesses of Wood Group GTS (excluding its Rolls Wood Group…
TAM International marked its 45th anniversary and the opening of its recently-built manufacturing facility on October 18 with a tour of the facilities in Houston, Texas. The new site was open to employees in September. TAM specializes in inflatable packers…
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