Wood Mackenzie has predicted upstream investment in East Africa will reach US$7 billion by 2018. Martin Kelly, head of Sub Sahara Africa upstream research for Wood Mackenzie, told delegates at the East Africa Oil and Gas Conference today…
A busy 2013 seismic acquisition season is continuing in the Barents Sea, with CGG announcing the completion of its second Broadseis campaign and Dolphin Geophysical launching a new survey. The increase in seismic acquisition activity in the area…
UK-based engineering firm Wood Group is to form a joint venture 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…
Jumbo shares this footage from the launch of its new K3000 vessels at Brodosplit Shipyard in Croatia. The vessels have large, unobstructed hold and flush decks and are certified 1A Finnish Swedish Ice Class, for operations in Arctic areas…
Kazakhstan's Kashagan oilfield has resumed production after its latest delay, a shutdown on September 25 following the detection of a gas leak. Discovered in 2000, it has taken 13 years and approximately $50 billion before production started on September 11…
The Bureau of Safety and Environmental Enforcement (BSEE) will be issuing new requirements for the blowout preventers (BOP) by the end of the year, according to agency director Brian M. Salerno. BOPs are large, high-pressure valves used…
Milling bit packed with set asphaltenes Copyright Welltec A/S Various myths and misperceptions surround riserless light well interventions (RLWI), preventing operators from performing these cost-efficient…
Panoro Energy ASA commenced a 3D seismic acquisition program in the Dussafu block off Gabon. The work will be carried out by Polarcus and is planned to cover an area of approximately 1260 km2 in the outboard part of the Dussafu license. The…
Atwood Oceanics, Inc. has agreed to sell its standard jackup drilling unit, The Vicksburg, to Gulf Drilling International Ltd (Q.S.C.) for US$55.4 million. The sale is expected to close in early 2014 following the completion of the unit's contract with CEC International…
Two banks have joined Bank of Scotland to provide a £90 million funding package for oil and gas engineering group EnerMech. EnerMech said the addition of backing from Norwegian bank DNB and HSBC to that of its support from Bank of Scotland reflected its recent growth…
Life-saving equipment firm Viking has bought a major stake in IT startup Saatsea. The firm, which will be renamed Viking Saatsea, provides cloud-based onboard training and competence management systems to industry. It was set up…
Karl Johnny Hersvik has been appointed as the new chief executive officer of Det norske oljeselskap ASA, effective May 1, 2014. Hersvik comes from Statoil, where he served as senior vice president of research and development in Trondheim since 2011…
Centek Inc., has been awarded API certification for its US centralizer manufacturing plant in Oklahoma City. Centralizer production started in the plant in July 2012 with 20 employees and this has now grown to a 90 strong workforce producing 35…
Corac Group subsidiary Corac Energy Technologies (CET) has signed an amendment to its contract with Aramco Overseas Company, a subsidiary of Saudi Aramco, for a revised scope of work to develop an in-pipe gas compressor (IGC). The amendment will enable CET to support the design…
Two projects aiming to develop small unmanned production facilities for use on marginal fields have been given a boost. Unmanned Production Buoy (UPB), based in Banchory, near Aberdeen, has signed a memorandum of understanding with engineering firm AMEC to provide engineering…
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