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…
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…
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…
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…
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…
Survey reveals new oil prospect off Ireland Click to view largerProvidence Resources P.l.c. has provided an update on its 100% owned and operated licences P1885 and PL 5/10 in the Rathlin Basin, offshore Northern Ireland. In 2012, Providence…
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…
Chevron needed to survey 14 sites in the Gulf of Mexico, most of which were slated for decommissioning, so it hired Lockheed Martin to deploy its new Marlin AUV to assist. Chevron subsea survey engineer Olugbena Esan and Lou Dennis, Lockheed Martin business development manager…
Offshore leasing blocksAnadarko, TAG Oil secure multiple NZ leases New Zealand's government has awarded 10 exploration permits during its 2012 block offering, the country's petroleum and minerals agency announced on 11 December 2012.The ministry said that the block offering…
Radius Oceanic Communications and the Cyprus Telecommunications Authority (Cyta) announced the launch of the Poseidon project, a high capacity undersea cable system intended to provide advanced telecommunications facilities to the offshore oil & gas industry in the Eastern Mediterranean region…
Martin Linge field illustrationSubsea 7 grants ABB $170Mln power cable deal Subsea 7 has chosen ABB to build a power link between two North Sea oil and gas fields and the Norwegian power grid, ABB announced on 6 December 2012.The project…
Noble Regina Allen Illustration89 workers hurt after newbuild jack-up lists 89 workers were hospitalized following an accident at Jurong Shipyard in Singapore on 3 December 2012.The workers were onboard the Noble Regina Allen jack-up rig…
The FROG in actionReflex Marine demos FROG transport in HoustonReflex Marine, a global leader in safe marine transfer solutions, has attracted interest from operators in the Gulf of Mexico after hosting a crane and lifting open day at its new Accredited Service Center (ASC) in Houston…
Aker Solutions plans to purchase Canadian asset integrity management (AIM) company Thurm Energy, the company announced on 22 November 2012.The financial details were undisclosed; however, Aker said the acquisition will grow its AIM portfolio and boost its presence in the Atlantic Canada market…
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