Germany’s Wintershall has stepped forward to back a new autonomous exploration drilling tool being developed in Norway.Badger Explorer (BXPL) is developing the tool, which it describes as “a new formation and reservoir evaluation tool, which drills into the subsurface without the risks…
Australian-listed exploration firm FAR says prospects offshore Kenya and Senegal “much larger than we originally assessed”.Announcing the outcome of updated prospective resource estimates following the completion of internal technical studies…
Norway-based oilfield services firm Aker Solutions has bought Managed Pressure Operations International (MPO).MPO, registered in Cyprus with operations in Singapore, Dubai, Jakarta and Houston, has developed a next generation of continuous circulation…
Bremerhaven, 15 February 2013. Current measurements of the ESA ice thickness satellite CryoSat-2 have shown that the total mass of the Arctic sea ice was 36% smaller last autumn than during the same period in the years 2003 to 2008. Five years ago…
Chevron, Exxon, Shell, Statoil, and Petrobras are working with Magma Global to develop and qualify a taper stress joint using Magma’s m-pipe technology. The project, which began mid-February 2013, will focus on a 15ksi 8' taper stress joint…
Investment in North Sea oil and gas production has been predicted to top a 30 year high - but cost per barrel has risen five-fold in the past decade, according to analysis by the industry.Malcolm Webb, chief executive of Oil & Gas UKOil & Gas UK…
Hercules Offshore Inc. acquired the offshore drilling rig Ben Avon from a subsidiary of KCA Deutag for US$55 million in cash, the company announced on 21 February 2013. Ben Avon Jackup Rig (Image: KCA Deutag)The Ben Avon is a LeTourneau Class…
Norwegian energy company Statoil signed Framework Agreements with MAN Diesel & Turbo Switzerland for the supply of new turbomachinery equipment and maintenance services. The duration was set for five years with options to prolong the contracts…
Now that BP's PSVM project, in Block 31, off Angola is in production, the company has released this video detailing the work to get the field up and running.The PSVM project consists of four fields, Plutao, Saturno, Venus and Marte. All produce oil through a converted hull…
Subsea 7 S.A. announced the award of a pipelay and subsea installation contract valued at approximately US$160 million from Statoil at the Oseberg Delta 2 field, located approximately 130 km west of Bergen in the North Sea.Oseberg Field…
Italy's ENI announced another new gas discovery in the Mamba Complex offshore Mozambique. The firm said the discovery, made at the Coral 3 delineation well, confirmed the potential of the Mamba Complex in Area 4 at 75 trillion cubic feet (tcf) of gas in place…
WorleyParsons agreed to acquire 100% of the shares of Bergen Group Rosenberg AS for a cash consideration of NOK 1 billion (including more than NOK 200 million of acquired cash). Norwegian-listed Rosenberg is a wholly-owned subsidiary of Bergen Group ASA…
Technip picks up new 5-year PSVM Angola dealNew contract follows completion of Technip's previous 5-year pact for engineering services on the Greater Plutonio FPSO. (Image: BP)BP Angola awarded Technip a 5-year contract for engineering…
Anadarko Petroleum CorporationAnadarko Petroleum Corp. announced details of its 2013 capital program and guidance, and provided additional information regarding its significant U.S. onshore growth opportunities, deepwater and international mega projects and industry-leading exploration program…
Teekay and Odebrecht Oil & Gas, owners of the FPSO Cidade de Itajaí, show the unit's transformation from an Aframax hull to its current state at Sembcorp Marine's Jurong Shipyard in Singapore. The FPSO Cidade de Itajaí arrived offshore…
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