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BPZ Energy spuds Corvina well off Peru

Jul 31, 2014

BPZ Energy spud the CX15-7D development well in the Corvina field in Block Z-1, offshore Peru, on 29 July 2014, the company announced today. BPZ Energy plans to drill to 8500ft depth and expects operations to complete in October. BPZ…

BOEM extends comment period

Jul 30, 2014

The US Bureau of Ocean Energy Management (BOEM) will extend its public comment period for its new five-year Outer Continental Shelf (OCS) oil and gas leasing plan for 2017-2022, the agency announced on 30 July 2014. BOEM says the decision…

Elliston-2 spudded in Cooper basin

Jul 23, 2014

Cooper Energy Ltd. announced that the Elliston-2 oil development located in PPL 249 on the western flank of Cooper basin in South Australia, spudded and of 22 July, the rig was drilling a 12 ¼ in. hole at 162m. Elliston-2, a vertical well located 250m south-southwest of Elliston-1…

EFC Group names managing director

Jul 14, 2014

Houston-based EFC Group appointed Anand Puthran as its managing director, a newly created role for the company. Puthran joins EFC Group with more than 15 years of experience working in the oil and gas industry in managerial positions…

Octabuoy on the market

Jul 23, 2014

Singapore-based COSCO Corporation is looking for a buyer for ATP Oil & Gas (UK)’s Octabuoy facility.  COSCO’s Nantong yard ceased work on the project, a semisubmersible dry-tree production platform, which had been due to be used on ATP’s UK North Sea Cheviot field development…

Wood Group buys Agility Projects

Jul 15, 2014

Wood Group has boosted its Norwegian offshore engineering capability by buying Agility Projects from Agility Group for about US$164 million.  Agility Projects is a Norwegian engineering, procurement, construction management, installation and commissioning company…

Malaysia's Sumatec buying Kazakh company

Jul 15, 2014

Malaysia's Sumatec Resources Bhd plans to buy Kazakhstan's Borneo Energy Oil and Gas Ltd. for US$250million (RM800million) in cash and shares. Sumatec announced on 11 July 2014 that it had signed a framework agreement with Abu Talib Abdul Rahman and Dr…

POSH partners with Grupo Pegaso in Mexico

Jul 18, 2014

Singapore's PACC Offshore Services Holdings Pte. Ltd. (POSH), Asia’s largest operator of offshore supply vessels, announced yesterday that Mexican conglomerate Grupo Pegaso has signed an agreement for vessels with POSH joint ventures in Mexico…

Analyzing wireless machine condition monitoring for offshore applications

Jul 14, 2014

The SKF wireless machine condition sensor collects data on three key machine conditions: temperature; overall machine condition; and rolling element bearing and has ATEX Zone 0 certification. There…

New Premier CEO gives update

Jul 11, 2014

On 25 June, London-based Premier Oil plc announced the appointment of Tony Durrant as Chief Executive Officer. Durrant joined Premier in June 2005 and has served as Finance Director of the company for nine years. Prior to joining Premier…

August Solan installation plan

Jul 10, 2014

Premier Oil is ramping up towards offshore installation work on its Solan field development in Block 205/26a, in 135m water depth, west of Shetland, in the UK North Sea.  Construction and onshore commissioning of the four-legged Solan…

Successful appraisal extends Jade field

Jul 08, 2014

First production from an appraisal well has extended the southern limits of the high-pressure/high-temperature (HPHT) Jade gas condensate field in the UK Central North Sea, Houston-headquartered ConocoPhillips announced today. The Maersk…

Croatian production starts, finally

Jul 07, 2014

Industrija nafte (INA), d.d. and Edison International have finally launched production on the North Adriatic Izabela gas field project, 60km off Pula, Croatia.  Total gas reserves are estimated at about 1.4 billion cu m (8.5MMboe), with production expected at about 280 million cu m/y (4…

Safety, security: Know risks, learn priorities

Jul 07, 2014

Look at the risks and learn the priorities. In the manufacturing automation arena, that line could apply to the safety environment or in a security scenario. Users have to look at risks and understand the priorities in what you have to protect – and the catch is there is no room for error…

Oil industry bikers raise millions in Texas

Jul 02, 2014

The BP MS 150 is a two-day fundraising cycling ride organized by the National Multiple Sclerosis Society: Lone Star Chapter. This ride is the largest event of its kind in North America, and the top fund- raiser for the society, but it’s one of more than 100 Bike MS rides staged around the US…

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