Petrobras is expected to propose a multi-FPSO development for the deepwater, pre-salt Santos Basin Iara area after submitting a declaration of commerciality to authorities. The Iara area, in block BM-S-11, 214-250km off the coast of Rio de Janeiro…
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…
First oil production has started from ConocoPhillips Eldfisk II project in the Norwegian North Sea. The Eldfisk II project includes plans to drill 40 new production and water injection wells from the new Eldfisk 2/7 S platform. One of four pre-drilled wells is currently online…
The Norwegian Petroleum Directorate (NPD) is processing Statoil’s plan for development and operation (PDO) for the Rutil discovery in the Gullfaks Rimfaksdalen area in the North Sea. Image of Gullfaks…
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…
First oil from the delayed Brynhild field in the Norwegian North Sea has finally been achieved, a year after it was first due on stream, says operator Lundin Petroleum. The field, which started production on Christmas Day, in production license 148…
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…
Statoil is hoping to extend the life of the Norwegian Sea Norne field to 2030 - more than 15 years after it was originally scheduled to be shut down. The Norway-based operator says the field life will be extended by tying in new discoveries in the area…
Schnitger President Monica Schnitger urged oil and gas companies to explore and exploit the latest technologies to have successful projects at the 2014 Bentley Systems Year in Infrastructure conference. Meg Chesshyre has more. “I’m…
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…
Indonesian authorities have approved a plan of development (POD) for the Lengo gas field in the Bulu production sharing contract (PSC) offshore East Java. Approval of the POD paves the way for the operator, KrisEnergy, to pursue formal…
Saipem received a 'notification of suspension of marine spread activities,' which covers all vessels currently engaged in activities related to Gazprom’s South Stream pipeline project, including the Saipem 7000 J-Lay vessel. Image…
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…
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…
Russian President Vladimir Putin said that Russia will discontinue current plans for the South Stream pipeline, citing continuing opposition from Europe, specifically Bulgaria. Instead, he announced preliminary plans to create a gas hub for southern Europe at the Turkish-Greek border…
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