The Libra consortium, led by Petrobras, has chosen Modec to charter a floating production storage and offloading unit (FPSO), the first definitive production system of Mero field, which will be used in the Mero Pilot project (formerly Libra Northwest)…
Byron Energy has struck 190ft (58m) of net oil pay in the South Marsh Island Block 71 F-2 well in the Gulf of Mexico, exceeding initial expectations, partner Otto Energy reported today (27 December). Drilled and logged to 8615ft measured depth with Ensco jackup Ensco 68…
Forties Pipeline System (FPS) operator Ineos says all restrictions on flow through the pipeline have now been lifted following mechanical completion of a repair to the onshore section of the major North Sea export trunkline. 'All restrictions…
Statoil awarded Transocean a 22-well contract in the Norwegian North Sea for the harsh environment semisubmersible Transocean Spitsbergen with an estimated duration of 33 months; plus two one-well options. The estimated firm backlog associated…
Japanese ship builder Kawasaki Heavy Industries (KHI) has terminated a shipbuilding contract with Island Offshore for the building of the Island Navigator light well intervention vessel (artist's illustration, right, from Rolls Royce). The…
Work to fix a pipeline which is costing the UK North Sea industry millions in lost production a day is due to complete by Christmas, the operator has said. INEOS, which operates the Forties Pipeline System (FPS), a major export pipelines from some 80 assets in the UK North Sea…
Australia's Woodside Energy has awarded UK-based engineering house Wood a contract for a concept definition study for the Julimar Phase 2 project offshore Australia. Woodside has also awarded Wood a contract for engineering and rig modification services off Australia…
The Israeli Petroleum Commissioner has awarded Energean Oil & Gas five offshore exploration licenses covering Blocks 12, 21, 22, 23, 31, which were available for bidding in Israel’s first offshore bidding round. Each license has an initial exploration period of three years…
North Sea production shut-in due to a 'hairline' crack in a pipeline is costing operators US$26.68 million a day in lost production, according to industry body Oil & Gas UK. The crack was found last week in an onshore section of the 235mi-long Forties Pipeline System (FPS)…
Aberdeen's Oil & Gas Technology Centre (OGTC) has launched two calls for ideas relating to digital and decommissioning, with £2 million available to successful applicants. The OGTC says that machine learning techniques could help extend the life of oil and gas fields…
Lundin Petroleum's Hufsa exploration well in the southern Barents Sea made a non-commercial gas discovery. A side track on the well, 7219/12-2, in PL533, was dry. The main objective of the well was to prove oil in Jurassic and Triassic sandstone reservoirs…
UK Continental Shelf (UKCS) operating costs dropped by 14% in 2016, with operators securing about £1.1 billion reductions in operating expenditure (OPEX), according to the UK Oil & Gas Authority’s (OGA) inaugural report, “Analysis of UKCS Operating Costs in 2016”…
Keppel Offshore & Marine, through its subsidiaries, has inked new contracts froom Petrobras and SOFEC, worth in total about US$96.22 (S$130 million). Keppel Shipyard's contract from SOFEC is for the fabrication of a turret mooring…
A 'hairline' crack in the Forties Pipeline System (FPS), which in 2017 brought 40% of North Sea oil onshore to Scotland, has helped to push oil prices up, thanks to its operator INEOS deciding to shut down the system for repairs. The 235mi-long FPS is a major trunkline…
Danish oil firm Maersk Oil has published a video with timelapse footage and interviews with key people, showing the main 2017 milestones in the UK North Sea Culzean development. The Culzean field - discovered in 2008 - is in the UK central North Sea…
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