Mexico is delaying the country’s shallow water bid round, Round 2.1, by three months in a move that regulators hope will garner more participation, increased competition and investments. Image of Mexico's deepwater round…
Japan's Mitsui & Co. has reached an agreement with Shell to acquire 20% working interest in the supermajor's 100%-operated Kaikias and Circius fields in the US Gulf of Mexico, the firm announced on 5 December. The two fields sit in four blocks (MC-767…
In his final month as US president, Barack Obama announced today (20 December) that he will ban offshore areas in the Atlantic and Arctic Oceans from future mineral extraction. The decision comes one month after the Department of the Interior…
Brazilian giant Petróleo Brasileiro (Petrobras) started production at the Lapa field, in the Santos basin pre-salt layer offshore Brazil. Image of the Cidade de Caraguatatuba, from Sofec. Petrobras…
Three Japanese companies have agreed on a project to jointly explore for oil and gas southwest of Sakhalin Island, working with Russia's Rosneft. The firms, Japan Oil, Gas and Metals National Corp. (JOGMEC), Inpex Corp and Marubeni Corp…
With a growing realization that lower oil and gas prices are here to stay, Subsea UK has urged the industry to embrace the ‘new norm’ to safeguard the future of the UK’s £9billion (US$11 billion) subsea sector. Image of Gordon…
A new “think tank” has been launched to explore ways of tapping remaining gas supplies in the Southern North Sea. The SNS Rejuvenation Special Interest Group will look at ways of getting energy from reserves previously considered too tricky and expensive to exploit economically…
As a result of a significant Fugro technology achievement, users of its G4 satellite correction service will be among the first in the world to benefit from Galileo’s much anticipated “initial services” launch, the company said. The launch…
Private equity backed explorer Azinor Catalyst has agreed to acquire 50% interest in license P2243 on the UK Continental Shelf from Zennor North Sea. The license contains Block 14/17a and is adjacent to Azinor’s Partridge license P.1989…
Russia's Rosneft is to take a 30% stake in the Shourouk Concession, offshore Egypt, containing the supergiant Zohr gas field. Rosneft will pay operator Eni US$1.125 million and a share of past expenditures, which amount so far at about $450 million…
The European Intervention and Coiled Tubing Association (ICoTA), is delighted to announce that this year's recipient of the ICoTA Innovation Award was a joint entry from Shell, Helix Well Ops and Altus Intervention. The award, presented at the annual SPE ICoTA Well Intervention Conference…
Work to repair five separate areas on board floating production unit FPF-003, operated by Petrofac South East Asia Pte, using SPS has been completed on-station in the Mubdala, Jasmine oil field, off the coast of Thailand. The repair work on this ABS classed vessel…
Seeking additional gains from subsea wells on a tight budget has paved the way for the implementation of a new technology to the market. Elaine Maslin reports. Helix’s Compensated Coiled Tubing Lift Frame in its operational position…
2016 has been a year of challenges for the oil and gas industry. Audrey Leon surveys some of the year’s notable starts. Shell’s Stones project came online in September 2016, using the Gulf of Mexico’s second ever FPSO…
Allseas and Nord Stream 2 signed a letter of intent (LOI) covering the offshore pipelay work for the Nord Stream 2 Pipeline through the Baltic Sea, marking the second major pipelay project that the Dutch heavy weight has entered this week…
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