Independent explorer Northern Petroleum has revealed well data from Italy’s ENI has given it extra confidence in its southern Adriatic Sea Cygnus prospect. Richard Latham, chairman of Northern Petroleum, said the newly available well…
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…
CM Labs Simulations launched a new simulation and visualization software called Vortex, designed to reduce cost and risks during offshore operations. It’s suitable for in engineering, testing, planning, and training. Vortex software can be used to simulate dynamics of virtual cranes…
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…
First production has begun at the CNOOC-operated Beibu Gulf Project in the South China Sea, announced partner Roc Oil on 21 March 2012.Roc said production from two development wells, A5H and A2 on the WZ 6-12 wellhead platform, follows the successful installation…
ULSTEIN received DNB’s Innovation Award 2012 of NOK 1 million in the National Final in Trondheim on 12 March 2013.ULSTEIN BRIDGE VISION™ is a concept for a modern ship bridge where safety in complex operations has been given major focus. A total of close to 700 ideas were received for the contest…
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…
Norway-based oilfield services firm Aker Solutions has bought Managed Pressure Operations International (MPO).MPO, registered in Cyprus with operations in Singapore, Dubai, Jakarta and Houston, has developed a next generation of continuous circulation…
Bremerhaven, 15 February 2013. Current measurements of the ESA ice thickness satellite CryoSat-2 have shown that the total mass of the Arctic sea ice was 36% smaller last autumn than during the same period in the years 2003 to 2008. Five years ago…
Investment in North Sea oil and gas production has been predicted to top a 30 year high - but cost per barrel has risen five-fold in the past decade, according to analysis by the industry.Malcolm Webb, chief executive of Oil & Gas UKOil & Gas UK…
Technip picks up new 5-year PSVM Angola dealNew contract follows completion of Technip's previous 5-year pact for engineering services on the Greater Plutonio FPSO. (Image: BP)BP Angola awarded Technip a 5-year contract for engineering…
Apache shifts Cecil Provine rig to location Apache to move Rowan's Cecil Provine drilling rig to location for possible relief well (Image: Rowan)Apache evacuated 15 workers after experiencing a kick from an abnormally pressured gas zone…
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