Two of the major deepwater developments that have started production so far in the Gulf of Mexico belong to Shell and BP. Sarah Parker Musarra examines the technology behind two mammoth projects: Mars B and Na Kika. In Greek and Polynesian mythology…
Noble Energy Inc. announced that it will propose the election of the company’s President and COO, David L. Stover as a director at its 22 April 2014 organizational meeting, and that it intends to appoint Stover as CEO in October 2014. This decision follows current Chairman and CEO…
Dragon Oil says drilling on the Cheleken Contract Area in Turkmenistan has been delayed and will be weighted towards H2 this year, with a total 14-16 wells due to be drilled. The Cheleken Contract Area covers about 950sq km and comprises two offshore oil and gas fields…
Aker Solutions’ former well intervention services business, which was acquired by private equity fund EQT VI in January this year, has been restructured and will operate under two brands from 22 Apr 2014: Altus Intervention and Qinterra Technologies…
Statoil has signed an agreement to farm down a 15% interest in WRG Angola Block 39 Ltd. offshore Angola in the Kwanza pre-salt basin. WRG is a 50/50 joint venture comprising White Rose Energy Ventures and Genel Energy plc. Statoil is operator of the block…
Austrian integrated energy firm OMV has boosted its UK west of Shetland holdings after agreeing to buy four licenses in the area from Hess, including the Cambo field and the Blackrock prospect, for US$50 million. Depending on future developments…
The Shah Deniz and South Caucasus Pipeline consortia have awarded key contracts for the development of the Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects. The contracts, covering project management services and construction…
France-based GDF Suez announced that the Juliet field in the Southern Gas Basin is now producing at its plateau rate of 80MMsqcfg/d. This is the equivalent to 400,000bbl/month. The fast track project has been executed and successfully…
EnQuest has completed the acquisition of the UK Continental Shelf Greater Kittiwake Area (GKA) assets previously owned by Centrica North Sea Oil Limited (Centrica), as well as Centrica’s 100% interest in the Kittiwake to Forties oil export pipeline…
Targeted maintenace could boost UK North Sewa production by 10%, equating to US$18 billion in annual revenue, suggests Alan D'Ambrogio, ABB Consulrung's vice president, oil and gas. Meg Chesshyre reports. In 2013, the industry invested £13…
Colombia’s offshore is not as widely explored as its conventional onshore space. The country, which has many resources including coal bed methane and even shale, is making a bigger push for offshore exploration. Colombia’s Vice Minister of Energy for the Ministry of Mines and Energy…
Endeavour International Corp announced that the valve in the Rochelle field that had been stuck in the 'shut' position is now open, and production is expected to re-start in the next few days. Following the tie-in of the East Rochelle E2 well…
A striking comment was made by the head of CNR International at a breakfast briefing in Aberdeen this week. James Edens, VP and Managing Director at CNR International (UK), said UK North Sea production in 2013 was 1.43MM boe/d—the lowest it had been since 1977…
Houston-based Helix Energy Solutions is to provide Petrobras with well intervention services for a minimum four years, using two new-build vessels. The two new monohull vessels, being built at the Flensburger shipyard in Germany for Norway’s…
On 30 Jan 2014, House Government Bill C-22 was introduced in the second session of Canada's 41st Parliament, amending the Canada Oil and Gas Operations Act for, among other matters, new requirements for regulatory preauthorization of…
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