On 15 Feb 2013, Colombia's Ecopetrol SA announced its proven reserves (1P, according to the international designation) of crude oil, condensate and natural gas, including its interest in affiliates and subsidiaries, as of December 31, 2012. Proven net reserves (1P) increased to 1…
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…
As oil and natural gas production continues to fluctuate at a level well below demand, John Mueller looks at New Zealand’s growing need to aggressively explore the nation’s vast and extensive offshore sedimentary basins.Taranaki Basin, located along the west coast of New Zealand’s North Island…
Italian major, Eni S.p.A., announced results for fourth-quarter and full-year 2012 on Friday, 15 Feb 2013. Operational highlights include: Record amount of discovered resources in the year: 3.64 bboe; Proved reserves at eight-year record: 7…
Offshore energy means more than just oil and gas. But is it an energy nirvana or a cult of false hope? Bruce Nichols looks at the progress that the marine renewables industry has made, and the hurdles it has to overcome.The latest trend in renewable energy has come to Cobscook Bay in Maine…
Ocean energy is not just in the water. There’s offshore wind, which tends to be steadier than onshore wind. But turbines are harder to build and maintain in a marine environment than they are on land. The Bureau of Ocean Energy Management (BOEM)…
Rube Goldberg had nothing on these guys. The American engineer, inventor and cartoonist most famous for drawing outlandish machines would have smiled at all the ideas for capturing ocean wave and tidal energy.According to the European Marine Energy Center…
DeepSea Power & Light unveiled a new version of its SeaLite Sphere LED light. The 220Vac is a compact LED alternative to Halogen lights that are now available for 220-275Vac (50/60Hz) and 275-385Vdc input. DeepSea Power & Light said the SeaLite Sphere utilizes the same connectors…
Petrobras has chosen GE Oil & Gas to power its four new FPSOs – the P-74, P-75, P-76, and P-77 – bound for the Cessão Onerosa field in the Santos Basin pre-salt. GE’s turbomachinery will generate primary energy for the FPSOs using gas turbines…
Chevron grabs 75% stake in 3 deepwater areasClick to view larger mapChevron subsidiary, Chevron Morocco Exploration Ltd, has signed petroleum agreements with Morocco's Office National Des Hydrocarbures Et Des Mines for three offshore areas…
BP starts production at Valhall redevelopment Valhall field (Photo: BP)Production has begun at BP's Valhall redevelopment project in the southern portion of the Norwegian North Sea, the supermajor announced on 28 January 2013. BP Group…
As Australia grapples with chronic oil production decline in the face of rising imports, the buoyant gas sector offers the prospect of rising revenue from LNG export. John Mueller reports.Eyebrow Natural gas lifts Australian reserves As Australia…
UTEC enlists Stenson and Laing for managementAndrew StensonIndependent offshore survey firm UTEC has announced the appointments of new general managers Jamie Laing and Andrew Stenson in Aberdeen, Scotland and Naples, Italy respectively…
IHC Merwede launches Packhorse vessel designIHC PackhorseIHC Merwede has extended its product range with the introduction of a new series of IHC Packhorse™ offshore support vessels at an official launch event in Singapore, organised by IHC Asia Pacific…
Bureau Veritas unveils certification guides Guide on Offshore Wind Farm Project CertificationBureau Veritas Certification France has released a comprehensive Guide on Offshore Wind Farm Project Certification, which allows industry players…
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