The Deep Panuke production platform has been 'de-installed' from the namesake offshore gas field in Nova Scotia, Canada, and will be recycled.The jack-up production platform was delivered to the field back in 2011 by SBM Offshore as part of…
The well intervention market is a niche one, with only a few main players – including Helix/Well Ops, Island Offshore, AKOFS Offshore and Siem Offshore – and only three key geographical regions; Northwest Europe, South America and the US Gulf of Mexico…
Brazilian oil company Petrobras has said its Buzios deepwater field off Brazil broke monthly oil production record for July.Petrobras said Wednesday that its floating production storage and offloading units installed at the deepwater oilfield had reached new monthly production records in July…
Oil and gas company Wintershall DEA has said that the four-well drilling campaign has been completed on the Dvalin field in the Norwegian Sea, moving the project into the final development phase before first gas.Dvalin is a subsea tieback in…
Brazilian oil company Petrobras has kicked off the binding phase for the sale of its entire stake in the Tartaruga field, in the shallow waters of the Sergipe-Alagoas Basin, offshore Brazil.Petrobras had late in June 2020 announced the intention…
Chevron Corp's $5 billion offer to acquire Noble Energy emerged after the U.S. oil major first proposed taking a stake of at least 50% in Noble's Eastern Mediterranean natural-gas fields, a proxy filing on Tuesday showed.If consummated, the all-stock merger will boost Chevron's U…
Singapore-based KrisEnergy has signed a letter of award with Vietnam's PV Drilling for PVD III jack-up drilling rig. The 2009-built rig will be used to drill five development wells at KrisEnergy's Apsara Mini-Phase 1A development offshore Cambodia…
Dutch floating production solutions provider SBM Offshore has ordered equipment from Malaysia's KNM to be installed on an FPSO destined for ExxonMobil's Guyana operations.Bursa Malaysia-listed KNM said SBM Offshore had on Thursday ordered PME pressure vessel separators worth around $4 million…
Just as the oil and gas industry was starting to get back on its feet, COVID-19 and plummeting oil prices have affected the market across the board, including well intervention. But players in this space are optimistic, with new vessels and…
Brazilian oil and gas company Petrobras has said it will mothball its Merluza platform (PMLZ-1) in shallow waters in the Santos Basin.'The platform’s production had already been interrupted since March 2020, with the abrupt drop of demand for natural gas…
Chevron's entry into Israel's Leviathan natural gas field will help deliver the technical and marketing nous to turn the project into a global supplier, said the CEO of Delek Drilling, the energy giant's new regional partner.Chevron became the…
Italian engineering firm Remazel Engineering has won a contract with Bluewater for work on the Jotun FPSO upgrade.The Jotun FPSO which has been producing oil from the Jotun field in Norway's part of the North Sea since 1999, was recently moved by ashore for upgrades…
Brazilian oil company Petrobras has wrapped up the sale of its entire stake in the ten offshore fields that comprise the Pampo and Enchova Clusters to Trident Energy. The fields are located in shallow water in the Campos Basin in the state of Rio de Janeiro…
Israel's Delek Drilling said on Wednesday it will pay an average interest of 6.28% in a $2.25 billion international bond offering to help it finance the development of the Leviathan natural gas project off Israel's Mediterranean coast.Following a roadshow…
UK-based oil and gas company Independent Oil and Gas has ordered two offshore platforms for its Core Project Phase 1 development in the North Sea.The Core Project comprises gas resources across six discovered UK Southern North Sea ('SNS') gas fields…
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