Houston-based Apache Corp.will sell all of its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC (Fieldwood), an affiliate of Riverstone Holdings, for US $3.75 billion. Operations include wells that are producing about 100…
FMC Technologies, Inc. received an order from Petrobras for subsea trees for its pre-salt fields off Brazil. The award is estimated at US$500 million and represents the call-off of the remaining value of the $1.5 billion agreement announced in March of 2012…
Shell, and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas (BC-10) and the Bijupirá/Salema fields. 'Offshore Brazil is a key part of our plans to grow our deepwater portfolio – a key component of our global strategy…
Global demand for ultra-deepwater drilling units remains high with new contracts attracting high day rates, according to Fred. Olsen Energy. The firm, which operates a fleet of seven deepwater and mid-water drilling rigs, says growth in the ultra-deepwater segment is expected continue…
ONGC Videsh Ltd. (OVL) and Oil India Ltd. (OIL) have agreed to purchase Videocon Mauritius Energy Ltd.’s 10% share in the Rovuma Area 1 Offshore Block in Mozambique (Area 1) for US $2.47 million. The acquisition will give OVL 60% stake and OIL 40% stake in Area 1…
Saipem was awarded new contracts in Latin America worth about US$500 million. In Venezuela, Saipem signed with Cardon IV to develop the Perla EP Project, in the Gulf of Venezuela. In Brazil, Petrobras assigned an EPCI contract to Saipem…
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…
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