A helping hand. When it comes to new technology, OE asked: “What role should national governments have in funding research and development in the oil and gas industry?” Research and development is key to competition…
Natural gas from future multi-train LNG developments in Tanzania could now be destined for Asian markets. Singapore-based investor Pavilion Energy is to take a 20% in the joint venture partnership looking to develop natural gas finds in Blocks 1…
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…
A government-commissioned report into the future of the UK’s oil and gas industry has recommended the creation of a new industry-funded arms-length regulatory body with powers similar to those seen in Norway and the Netherlands. The…
Colloquy: Editor’s Column BP will invest US$100 million in high-performance computing over five years, and part of that is being spent on a new facility at the Westlake campus in Houston, housing the world’s largest super computer for…
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…
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…
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…
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…
AGR's drilling and well consultancy has won a five-year frame agreement, starting January 2014, with Noway's Statoil. The agreement mainly covers Statoil’s operations in Norway, but the services may be performed globally. The contract has extension options…
A high level of investment creates an opportunity for new entrants into the pipelay vessel market, says Douglas Westwood’s Singapore-based analyst Thom Payne. About 32,000km of offshore pipelines are expected to be installed over the next five years…
After two years of planning, BP is about to launch a major renewal program on its North Sea Magnus and ETAP facilities. BP explained the program—and its long term aims—to Elaine Maslin. Operators in the North Sea are tackling a thorny…
Aquatic Engineering & Construction Ltd, an Acteon company, has unveiled its 1500 te carousel (AQCS‐01‐1500) a powerful, modular drive system representing a significant capability extension for customers requiring installation or replacement of flexibles…
BG Group successfully completed a drill-stem test in the Pweza gas field in block 4 off southern Tanzania. The Pweza-3 appraisal was drilled approximately 2km north of the original Pweza discovery well by the Deepsea Metro-1 drillship in 1400m of water…
Rio de Janeiro-based AMEC Kromav, specialist company for shipbuilding and offshore activities, is urging the Russian industry to take full advantage of Brazil’s multi-billion dollar offshore industry opportunities. In a comprehensive presentation at NEVA in St Petersburg…
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