Maersk to develop ultra-deep rigs for 20KTMHarsh environment jack-up Maersk EndurerMaersk Drilling and BP announced they will jointly develop concepts for deepwater drilling rigs capable of operating in HPHT reservoirs up to 20,000 psi and 350 degrees Fahrenheit…
Carrizo Oil & Gas has agreed to sell its wholly-owned subsidiary, Carrizo UK Huntington, and its 15% interest in the North Sea Huntington field for US$184 million in cash to Calgary-based Iona Energy. The Houston-based explorer expects to net $116 million from the sale…
Although Papua New Guinea has a strong economy resulting from exploitation of its extensive petroleum deposits and abundance of other natural resources ranging from minerals to forest products, the nation is one of the least developed countries in the Asia Pacific region…
Angola project to produce 150,000 b/d of oil PSVM Project (Image: BP)Production had begun from BP and Sonangol's PSVM development in Block 31, off Angola, the partners confirmed on 1 February 2013.Three wells at the Plutao field are…
Egypt approves Dana's Nefertiti development The Egyptian government has approved Dana Petroleum's plan to develop the Nefertiti oil field in the Gulf of Suez, the company announced on 29 January 2013.The lease was approved 20 January…
Licensing round awards three deepwater blocksClick to view larger mapA consortium made up of Eni and Kogas has won three deepwater blocks during the Republic of Cyprus' second offshore licensing round, Eni announced on 24 January 2013.The consortium walked away with Blocks 2…
Ex-Saipem CEO appointed Samsung Offshore COO Michel LaineSamsung Engineering has appointed Michel Lainé as chief operating officer of its newly established offshore segment, effective December 20, 2012.Lainé’s career in offshore began in 1982 with ETPM…
McDermott, Allseas lock subsea pipeline FEEDMozambique mapMcDermott International, Inc. announced that one of its subsidiaries has teamed up with industry leader Allseas to provide a robust project execution strategy for the front-end…
OE talked to Steve Knowles, president and CEO of Wood Group Mustang, asking ‘what will be the most important things in the coming years?’Knowles: I think that, although it’s not the expected subsea technology of big projects, rather, it’s data integrity associated with the projects…
Sverdrup appraisal to probe depth, thicknessBredford DolphinLundin Petroleum AB announced that the wholly owned subsidiary Lundin Norway AS has commenced the drilling of appraisal well 16/3-5 in PL501 on the Johan Sverdrup discovery…
Sabine Pass LNG2MPTA will be bought from Sabine LiquefactionCheniere Energy Partners announced that its subsidiary Sabine Pass Liquefaction has entered into a liquefied natural gas sale and purchase agreement (SPA) with Total Gas & Power North America…
Ecologix's mobile treatment systemEcologix CEO discusses frack water recycling Platts – Recycling of water used for hydraulic fracturing, or fracking, is a trend that will inevitably grow as companies realize that they cannot continue…
Svane license to expire due to drilling costsDONG and its partners have decided not to pursue the drilling of an appraisal well at Svane field, opting instead to let the 04/98 Svane license to expire on 1 January 2013.DONG said the decision was based on detailed technical evaluations…
Baker Hughes has a new tubing retrievable, subsurface safety valve for ultra deep-set, deepwater and HPHT applications. The REACH subsurface safety valves can be set as deep as 20,000ft and ensure fail-safe-closed operation using reliable, field-proven…
Aquaterra Energy has secured a contract to design and install 260 centralisers for BP's latest development on the West Chirag platform in the Azeri-Chirag-Guneshli (ACG) oil fields in the Caspian Sea. The contract covers pre-engineering…