More offshore wind projects could be scrapped in the UK, an official has warned, after it was announced that technical challenges had brought a halt to a 1200 MW project in the UK’s Bristol Channel. RWE Innogy said its planned Atlantic…
Baker Hughes drilling rig count for 22 Nov 2013 shows 57 rigs drilling off the US, including two rigs each off California and Florida, three off Texas, and 50 off Louisiana. This is three fewer than last week, but four more rigs drilling offshore than a year ago…
Since the turn of the millennium, global pipeline investment has undergone sustained and, in recent years, robust growth as a result of favorable market conditions and industry trends, including: the continued high levels of investment in offshore development…
North Sea focused independent EnQuest's US$3.2billion plan to develop the Kraken heavy oil field has been given the go ahead. Kraken is in 108-125m water depth, about 135km east of Shetland, and is estimated to contain 137MM bbl gross reserves…
Australia’s Pura Vida has agreed a farm-in deal giving it a 50% stake in the Ambilobe area office Madagascar, east Africa. The firm has also finalized a farm-out deal offshore Morocco. Pura Vida will take a 50% stake in the Ambilobe block…
Eni Norge has opened a new operations center in Hammerfest as part of its expansion in northern Norway and the Barents Sea. Eni has been active in the region since the start of the 1990s and is developing the Goliat oil field - the first oil field to be developed in the Barents Sea…
This event aired on December 12, 2013 Click to AccessNo doubt advances in automation technology can help companies in the offshore oil and gas industry but integrating Safety and asset integrity to the operating strategy of the process…
First oil on the Ekofisk South project in the Norwegian part of the North Sea has started. The project will increase oil recovery in the Ekofisk field, located in the PL 018 licence and operated by ConocoPhillips. Production capacity at Ekofisk South is 70…
The first subsea production facility has been brought on stream offshore Russia, Gazprom announced. The Kirinskoye gas and condensate field, part of the Sakhalin III project, is a 28km subsea tie-back to shore, in the Kirinsky block in the Sea of Okhotsk…
Production is due to ramp up from a number of fields in the North Sea after a restriction imposed by the operator of the Central Area Transmission System (CATS) gets eased. BP, operator of CATS, initiated the restriction after off-specification…
Standard & Poors said that Transocean Ltd. (RIG) would replace computer maker Dell Inc. (DELL) in the S&P 500 index, effective 28 Oct 2013. The S&P 500 index one of the most commonly followed stock market (equity) indices and it is based…
Paris-based Total today announced that it has made the final investment decision to develop the Vega Pleyade field offshore Tierra del Fuego, Argentina. Total, as operator with 37.5% working interest, will develop both natural gas and condensate…
Waterjet cutting went deepwater during the BP Macondo crisis. Now it is ready to go even deeper. By Elaine Maslin Ultra-high pressure (UHP) waterjet technology has been used since the mid- 1980s in the marine environment. Its use is well…
Germany’s Raytheon Anschütz released its latest gyro compass, the Standard 22, which ensures accuracy and reliability under all environmental conditions. Operational safety was dramatically increased due to a patented data transmission technology that completely replaces the use of slip rings…
Nord Stream has completed what is has described as a record-setting PIG run by running a pipeline inspection guage (PIG) along a 1224km route over 10 days. The run was to carry out a comprehensive inspection of the internal condition of both the Nord Straem pipelines…
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