Engineering and construction firm Foster Wheeler has bought Aberdeen-based upstream consultancy Ingen Ideas. Ingen specializes in field development and project decision support, focused on the evaluation and implementation of oil and gas field developments…
This is the first commercial offshore oil development in the Arctic, operated by Gazprom. Prirazlomnoje is located in the Pechora Sea, 500 nm east of Murmansk, south of Novaja Zemlja, in about 40m water depth. Prirazlomnoye field has reserves of 610MMbbl (97MMcm)…
AGR has been contracted to provide riserless mud recovery services for an operator working off Sakhalin. The US$3m contract will see AGR division AGR Enhanced Drilling provide its Riserless Mud Recovery (RMR) services (RMR) over this year’s summer drilling season…
Innovation in the offshore industry was one of the key themes at this year’s 27th Offshore Achievement Awards. The event, supported by Offshore Engineer and held at the Aberdeen Exhibition & Conference Centre, was successfully re-launched…
First production has begun at the CNOOC-operated Beibu Gulf Project in the South China Sea. Partner Roc Oil (19.6%) says production from two development wells, A5H and A2 on the WZ 6-12 wellhead platform, follows the successful installation…
Petrofac has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for Satah Al Razboot (SARB) package 3 project, offshore Abu Dhabi. The US$500 million…
Petrovietnam gave an overview of its operations and plans for future development at the Offshore Technology Conference in Houston today. The company seeks to grow to meet the expanding energy needs of Vietnam. Dr. Do Van Hua, president and CEO of Petrovietnam…
Aberdeen-based Dana Petroleum has spudded a new exploration well in the Southern North Sea from its De Ruyter platform. Dana is drilling the P11-08 exploration well using the jackup Noble Lynda Bossler, in the production licence P10a…
BP began production from the PSVM development in block 31, off Angola. Three wells at the Plutao field are expected to increase production at PSVM to about 70,000b/d of oil. Output will increase to 150,000b/d once Saturno, Venus, and Marte fields come online later this year and next…
Production has begun from BP and Sonangol’s PSVM development in block 31, off Angola. The PSVM development, BP’s second operated development in the country, consists of four oil fields: Plutão, Saturno,Vénus, and Marte. Three wells at the Plutão…
Tenaris renewed a long-term supply deal with Brazil’s Petrobras last month. Under the agreement, Tenaris will supply large diameter casing pipes with TenarisHydril Wedge Series 500 premium connections and other products until 2017.
The offshore industry’s highest achievers were recognised at last night’s 2013 Offshore Achievement Awards, with Malcolm Webb, chief executive of Oil & Gas UK, picking up the Significant Achievement accolade.The 27th awards ceremony, which saw a record attendance of 530 guests…
Offshore engineering firm GMC Ltd. provides this video of the 2,500-ton CX-15 buoyant tower, touted at the world's largest, being installed at Corvina Field off Peru for BPZ Energy. The tower hull measures 69.9m with four, ring-stiffened…
North Sea independent exploration firm Ithaca Energy has agreed a deal to buy fellow London AIM-listed explorer Valiant Petroleum.Ithaca said the deal, which values Valiant at about $309million, would establish it as “a leading mid cap North…
BPZ Energy expects to spud the first well at its CX-15 development, off Peru, within three to six weeks depending on weather and sea conditions, the company confirmed on 28 February 2013.CX-15 platform (Image: GMC Ltd.)The company said further…
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