Vagit Alekperov, OAO LUKOIL President, and Emilio Lozoya, General Director of Mexico’s Pemex, signed a cooperation agreement today at the World Economic Forum Annual Meeting in Davos, Switzerland. The document was signed in the presence of Enrique Peña Nieto…
Fundy Tidal Inc.'s turbine project in the Bay of Fundy, off Nova Scotia. www.fundytidal.com
PTTEP and Pertamina agreed to form a 50:50 joint venture to buy Hess’ assets offshore Indonesia for US$1.3 billion. The companies will gain 75% stake in Pangkah field and 23% in the Natuna Sea A field. The Pangkah transaction will be finalized in Q1 2014…
Schlumberger released the Vx Spectra surface multiphase flowmeter, which enables operators to obtain flow rate measurements in production testing and permanent monitoring. The Vx Spectra 19mm monitors low-rate producing wells down to 30 b/d…
Emerson creates new reservoir modeling software Emerson Process Management released Roxar RMS 2013, the latest version of its reservoir modeling software. RMS 2013 includes model-driven interpretation capabilities and new solutions for seismic…
EV launched its Optis HD Electric line camera, which provides vital diagnosis to the well intervention market. It has the capacity to stream color video at a maximum of 25 frames per second. The new camera features improve speeds and picture…
GAC EnvironHull has launched HullWiper, a new innovation offering diver- free, cost effective and eco-friendly underwater hull cleaning. The compact, remotely-operated vessel cleaning vehicle is capable of cleaning up to 2000sq m of hull per hour without damage…
Aker Solutions developed the Casing Stabilizer Arm (CSA), which eliminates the need for a person to be elevated on a derrick for tubular makeup. The stabilizing mechanism is stowed approximately 33 ft. above the drilling floor and includes…
N-Sea’s TUP Diving System® can be equipped with a hyperbaric lifeboat, offering a safer, more efficient solution to the market. The system consists of a 3-man diving bell, launch and recovery system, triple-lock decompression chamber, gas diver control…
Dolphin Drilling has won a US$255 million contract with Chevron North Sea for us of the semisubmersible Blackford Dolphin for a minimum 18-months in the UK North Sea, starting Q2 2015. The announcement follows three major contract wins for the same high specification drilling rig this year…
Brazilian independent HRT Participacoes em Petroleo SA acquired a 60% working interest and the operatorship stake in the Polvo field from BP Energy do Brasil Ltda, following the Jan. 8 close on a deal worth US$101 million.In the transaction…
Repeated boughts of bad weather around the UK have caused disruption to offshore oil and gas operations in the North Sea. Endeavour International Corporationsaid today that, due to the continued periods of bad weather, timing of first production from second production well…
Petrobras' partners in the BC-10 development, also known as Parque das Conchas, have finalized a buyout worth approximately US$1.6 billion for the Brazilian national's 35% interest in the project. Shell will pay $1 billion for its additional 23% interest…
The importance of safety in the offshore industry will be the subject of discussion at the next evening meeting and supper hosted by the Energy Institute in Aberdeen. Guest speaker Steve Bullock, senior vice president HSSEIA Offshore Projects and Operations at Petrofac…
The Egyptian General Petroleum Corporation (EGPC) has launched a new bid round for exploration licenses in the Gulf of Suez. Fifteen blocks, five in the Gulf of Suez and 10 in the Western Desert sedimentary basins, will be available, with licenses to be agreedon a production sharing model…
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