For the US energy industry, 2014 will be remembered as the year when crude oil prices fell below US$50/bbl, resulting in significant realignments in the sector. Aside from the oil price collapse and the historic high of domestic natural gas production…
Newly formed Norwegian exploration firm Origo Exploration has given a boost to its exploration portfolio by signing three farm-in transactions involving four licenses: two on the UK Continental Shelf, and two on the Norwegian Continental Shelf…
OMV's Maari MR7A development well is now online offshore New Zealand, according to joint venture partner Cue Energy. Map of PMP 38160. From Cue. The Maari MR7A well is located in PMP 38160 in the Taranaki basin…
Spain’s Repsol is rolling out a new organizational structure following the acquisition of Canadian oil company Talisman Energy that places Repsol as one of the world’s largest private oil companies. Imaz…
Permasense launched the ET210 Integrity Monitoring System to deliver continuous wall thickness and temperature measurements from topside or surface equipment directly to desk, that will help improve the economics and safety of offshore operations…
Celebrating its 40th Anniversary, Offshore Engineer (OE) and Hasbro Inc, an American multinational toy and game company, teamed up to create a custom MONOPOLY Game for the offshore industry. The OE 40th Anniversary Collector’s Edition MONOPOLY…
Ultra-HPHT, other technologies advance despite oil price drop, but actual deployment in Gulf of Mexico could slow. Bruce Nichols puts it in perspective. Anadarko’s Lucius Truss Spar, located in 7100ft of water…
The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC). Image from CNOOC. Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m…
An oil price below US$70/bbl will not be sustainable long term, according to Norwegian energy analysts Rystad Energy. Speaking at the firm’s offices in Oslo, senior analyst Audun Martinsen outlined how the firm sees current global liquids…
Louisiana-based LLOG Exploration Co. began production from the Delta House floating production system (FPS) in the Gulf of Mexico. Delta House. From LLOG. Delta House is located in Mississippi Canyon 254…
China's Zhuzhou China South Rail Times Electric completed a £130 million acquisition of the UK-based ROV and trenching equipment manufacturer Specialist Machine Developments (SMD), also known as Soil Machine Dynamics. Zhuzhou specializes…
Woodside made a gas discovery at its Pyxis-1 exploration well in production license WA-34-L, offshore Western Australia. Map of WA-34-L. From Woodside. The well intersected approximately 18…
Despite the recent memorandum of understanding (MOU) between Rosneft and Golar LNG, the former’s current gas strategy is narrowly focused on developing domestic reserves and initiating liquefied natural gas (LNG) projects in Russia, according…
The first signs of a recovery in the oil price have been seen and opportunities are opening up in the Mediterranean for Europe to significantly reduce its reliance on energy imports, delegates at the 12th Offshore Mediterranean Conference (OMC 2015) heard this morning…
Several floating wind turbines have been installed in recent years, with operational turbines in Norway, Japan and Portugal. Floating turbines have several benefits over their conventional counter-parts – firstly, they are more economically efficient…
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