LUKOIL-Nizhnevolzhskneft established a new world record in horizontal drilling with a significant bottom displacement. Well No. 108, drilled from an offshore ice-resistant stationary platform at Yuri Korchagin field in the Caspian Sea, went down 4908m in the 9…
The Mariner heavy oil discovery on the East Shetland Platform in UK block 9/11 will be one of the largest offshore developments on the UK Continental Shelf in more than a decade. Meg Chesshyre checks on its progress. Chris…
Oil and gas services provider Petrofac has agreed to form a strategic marketing alliance with McDermott International in the deepwater, subsea umbilicals, risers and flowlines (SURF) sector. Under a Memorandum of Understanding (MoU), the two will form a five-year alliance…
Norway-based geophysical services company Electromagnetic Geoservices ASA (EMGS) says it is going to appeal a Court decision over its Towed Streamer EM patent. The firm had issued a claims against Petroleum Geo-Services (PGS) in the High Court of Justice…
Schlumberger and Eurasia Drilling (EDC) entered into an agreement in which Schlumberger will acquire 45.65% interest in EDC in a US$1.7 billion deal. The agreement extends the successful long-term relationship enjoyed by the two companies within the strategic alliance signed in 2011…
Former Statoil CEO Helge Lund has officially started his new role as CEO and executive director at BG Group - a month ahead of his planned start date. Andrew Gould, who has been serving as interim Executive Chairman of BG Group since April 2014…
Seadrill added Charles Woodburn to its board of directors. Woodburn has been CEO of Expro Group since 2010. Previously, he spent 15 years with Schlumberger where he held many senior management roles, including president of Wireline. More recently…
Helix Energy Solutions Group, OneSubsea, and Schlumberger executed definitive agreements for the companies’ non-incorporated alliance, formed to develop technologies and deliver equipment and services to optimize the value chain of subsea well intervention systems…
A new oilfield consultancy has been launched by GE Oil & Gas and McDermott International to “transform the development of front-end solutions for offshore fields.” Io oil & gas consulting, deliberately spelled without capital letters by the firms…
Schlumberger Oilfield UK has been awarded the contract to provide integrated drilling and well services on the Statoil-operated Mariner heavy oil development in the UK North Sea. Mariner is the largest field development on the UK Continental Shelf (UKCS) in more than a decade…
With well data often scarce, many deep water Gulf of Mexico operators rely on the structural images and elastic properties derived from seismic when evaluating the probability of success and estimating reserves in prospective fields. Vincent Vieugue suggests this is not enough…
Ocean Yield delivered the survey vessel Geco Triton to Schlumberger subsidiary WesternGeco, netting US$8.2 million for the vessel. Geco Triton was built in 1991 and remains under a charter arrangement to WesternGeco until December 2015…
For Western-based service companies whose products or personnel were at work in the waters off the Russia, projects that were already complex by virtue of the location became substantially more so with the recent Western sanctions against the Russian Federation…
Schlumberger’s multiclient seismic survey offshore Mozambique is now available. The Schlumberger multiclient seismic data offered in collaboration with the National Petroleum Institute of Mozambique (INP) includes reprocessed 2D lines and newly acquired seismic data…
Russia's Gazprom Neft and state-owned PetroVietnam have begun exclusive talks to potentially cooperate in the development of the Dolginskoye field, located about 75km off the Russian coast in the Pechora Sea. Gazprom Neft said in a statement…
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