Full Tensor Gravity Gradiometry (FTG) is aiding prospect evaluation in a formerly disputed zone of the Barents Sea, adjacent to the Norwegian-Russian border. Dr. Stephen Rippington, Dr. Neil Dyer, and Chris Anderson explain. Fig…
Statoil has continued a contract award spree on its giant Norwegian North Sea Johan Sverdrup project, awarding Aker Solutions a US$590 million detailed engineering contract. Johan Sverdrup, which sits in on the Utsira High, 140km west of Stavanger…
Total has started gas and condensate production from the high-pressure, high-temperature (HPHT) West Franklin Phase 2 project in the Central Graben area of the UK North Sea. The project, tapping 85 MMboe, will supply 40,000 boe/d to the…
Electromagnetic Geoservices (EMGS) has entered into a data licensing agreement with an international oil company worth US1.8 million for the provision of 3D EM data from a portion of the EMGS' multi-client data library in Foz do Amazonas in Brazil…
High costs and weaker oil prices could drive cost cuts, which, while leading to a short-term drop in activity, would strengthen Norway's petroleum industry over the long-term, according to the Norwegian Petroleum Directorate (NPD). The…
Italy's Edison is to acquire Apache Beryl I's assets in license P185 Block 15/22 in the UK Central North Sea, including non-operated stakes in the Scott (10.5%) and Telford (15.7%) fields. This deal, which is subject to customary closing conditions…
Seismic acquisition began on the new Polarcus Capreolus 3D multi-client project over the Phoenix area in the Rosebuck basin, offshore Western Australia. The area contains the recent Apache-operated Phoenix South-1 oil discovery…
The world's oil and gas exploration companies are expected to cut capital expenditures 17% this year as a deep slump in crude oil prices takes a toll on budgets, according to a survey by Cowen and Company, released Wednesday. The survey…
Nigeria-based Seplat Petroleum Development confirmed Afren’s “highly preliminary approach” regarding a possible merger of the two companies made on 22 December. Image from Afren. In a statement released by Seplat…
Five companies have been awarded licenses covering 10 exploration blocks in the Adriatic Sea in Croatia's first licensing round. The round had offered 29 blocks in the eastern Adriatic Sea covering a total of 36,822sq km. Bids were received from six companies for 15 exploration areas…
TGS and Electromagnetic Geoservices ASA (EMGS) have agreed to further expand the companies' previous cooperation agreement in the Barents Sea. TGS will partner with EMGS to acquire electromagnetic (EM) data over approximately 10 new blocks in the Nordkapp and Tiddly areas…
As the offshore industry grows in complexity – in terms of projects and geographies – software is playing an increasing role in engineering, both to aid engineering and collaboration, as projects increase in complexity and diversity. Meg…
The Neon Energy board is moving forward with the “superior proposal” from Evoworld and calling off its merger plans with MEO Australia. Image from Neon. Neon entered into a bid implementation agreement (BIA) with Evoworld on 19 December…
Aberdeen City Council has called for a summit, bringing together governments, trade unions and industry bodies, to see if there are way to save jobs in the city. The industry has seen a tide of cut backs and redundancies in the facing of the plummeting oil price…
TAM International unveiled its new 22-in. casing annulus packer, or LongCAP. The new LongCAP was designed for a major international company and follows TAM’s recent design and qualification of a 22-in. port collar. Together, the LongCAP…
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