Indian energy firm ONGC Videsh Limited (OVL) has agreed to buy a 10% stake in the Rovuma Area 1 block, offshore Mozambique, from Anadarko, for US$ 2,640 million. Area 1 covers about 2.6 million acres in the deepwater Rovuma Basin and…
The TUP (transfer under pressure) Diving System, designed and built in-house by N-Sea, has undergone a refit and been converted to allow it be used as a mobile system, deployable from most DPII support vessels and platforms. The system will be online August 2013…
Maersk Oil launched the web-only video game Quest for Oil early this summer with the aim of making the oil and gas industry more accessible. OE discusses the strategy behind the game with CEO Jakob Thomasen. Maersk Oil launched the video game…
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…
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…
IKM Consultants has taken over Poseidon Consulting Services (PCS) after buying 100% of its shares from Siemens in Norway. Poseidon, which mainly focusses on subsea and pipeline work, has about 150 staff, which will be taken in to IKM's business…
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…
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…
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