Two workers were injured and production was slashed when a fire broke out aboard one of Petrobras’ Marlim field platforms, the production semisubmersible P-20. Marlim is located in Brazil’s Campos basin, about 110km offshore the state of Rio de Janeiro…
Chevron Corp. announced its new US$39.8 billion capital and exploratory investment program for 2014. Approximately 90% of the 2014 spending program is budgeted for upstream crude oil and natural gas exploration and production projects…
Ocean Rig UDW Inc.announced today that it successfully took delivery of its newbuilding drillship, the Ocean Rig Skyros, on Friday, Dec. 20. The drillship is currently mobilizing to offshore Angola to commence drilling operations with Total.
Partners in the Shah Deniz gas field consortium in Azerbaijan have decided to go ahead with a stage 2 development of the Caspian Sea field, opening its sources to Europe. This decision triggers plans to expand the South Caucasus Pipeline (SCPX) through Azerbaijan and Georgia…
Marathon Oil has said it is to start marketing its UK North Sea and Norway assets as part of a continued portfolio optimization strategy. Marathon Oil president and CEO Lee Tillman said the move came as the business was focusing activity on US resource plays…
Statoil ASA and partners Eni Norge AS and Petoro AS have made an oil and gas discovery in the Skavl prospect in PL532, close to Johan Castberg in the Barents Sea. Well 7220/7-2 S, drilled by the semisubmersible rig West Hercules, proved a…
Chevron Corporation today announced that its Australian subsidiaries have signed binding long-term sales and purchase agreements (SPAs) with Tohoku Electric Power Company, Inc. to supply LNG from the Chevron-operated Wheatstone Project in Western Australia…
Houston’s Cobalt International Energy, Inc. reported that its Lontra #1 presalt discovery well in Block 20, offshore Angola, found more oil and gas than estimated. Drill stem test placed Lontra’s well production at a stabilized flow rate of 2…
Malaysia-based offshore oilfield services firm Bumi Armada Berhad has been awarded three contracts by LUKOIL-Nizhnevolzhskneft LLC to provide three Ice-Class vessels to service offshore platforms in the Filanovsky field, in the Caspian Sea…
Chevron and its partners on the multi-billion dollar Rosebank development in the UK North Sea have revealed they are going back to the drawing board on the project. Partner OMV said, at its annual media summit today in Vienna, that it had “been vocal” to Chevron…
Lundin Petroleum AB, through its wholly owned subsidiary Lundin Norway AS, has completed exploration well 16/2-20S, located north of the Johan Sverdrup discovery in PL501, in the North Sea sector of the Norwegian Continental Shelf. A sidetrack well will now be drilled…
Since the turn of the millennium, global pipeline investment has undergone sustained and, in recent years, robust growth as a result of favorable market conditions and industry trends, including: the continued high levels of investment in offshore development…
Transboundary may head to committee The US Senate bill ratifying the US-Mexico Transboundary Hydrocarbon Agreement, S. 812, is reportedly on its way to a conference committee. The Senate’s version of the bill, passed last month (October)…
Cobalt International Energy has made two discoveries at its Lontra #1 and Mavinga #1 deepwater Pre-salt exploratory wells offshore Angola. On Block 20, the Lontra #1 well confirmed an oil and gas discovery. Further evaluation, including a drill stem test…
A wildcat well drilled 5km northwest of the recent Wisting Central oil discovery in the Barents Sea has been classified as dry, says the Norwegian Petroleum Directorate. The latest well, 7324/7-1 S, known as Wisting Alternative, is in production…
Subscribe
