Russian gas giant Gapzrom is to work with state-owned RUSNANO, a nanotechnology technology commercialization outfit, to develop new technologies and help substitute imported products into Gazprom's production facilities. The firm has also signed agreements with Russian pipe manufacturers…
The Statoil-operated, NOK 22.6 billion Valemon high-pressure, high-temperature, gas and condensate development in the Norwegian sector of the North Sea started first production yesterday (3 January). The Valemon field, containing an estimated 192 MMboe recoverable reserves…
New age technologies block failures, and boost bottom line. Gregory Hale reports. Every minute counts these days. The right decisions hinge on responding to issues before they become big…
First oil from the delayed Brynhild field in the Norwegian North Sea has finally been achieved, a year after it was first due on stream, says operator Lundin Petroleum. The field, which started production on Christmas Day, in production license 148…
Gazprom has agreed to buyout its South Stream Transport partners Eni, Wintershall and EDF just weeks after the project, which was already in construction phase, was cancelled. South Stream Transport was owned 50% by Gazprom, with Eni holding 20%…
The landscape of risk will continue to change in 2015 for the offshore upstream sector. While new risks are expected to appear, many will remain familiar and consistent with recent years. Some of the biggest concerns are also likely to be eclipsed by potential opportunities…
Ithaca Energy has appointed Roy Buchan as its Chief Operations Officer, starting 5 January 2015, and announced that Chief Development Officer John Woods is to leave the company on 31 January. The move comes as Ithaca nears first production…
Hess’s Australian subsidiary, Hess Exploration Australia Pty Ltd. and the North West Shelf (NWS) signed a non-binding letter of intent (LOI) for Hess to develop its natural gas discoveries in its deepwater permits offshore northwestern Australia…
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…
Hot on the heels of a new Recommended Practice (RP) for subsea lifting, DNV GL has now published an RP providing guidance on how to establish, implement and maintain an integrity management system (IMS). The aim is to help operators carry…
DONG Energy has appointed a new Group Executive VP and CEO for its exploration and production division to replace Søren Gath Hansen, who is stepping down from the role. David B. Cook, Hansen's replacement, is a 52-year-old American who…
Subsea 7 has been awarded a US$50-100 million contract by Royal Dutch Shell (Shell) for installation work in the Gulf of Mexico. The scope of work involves the installation of 27 mi. of 8 in. flowlines and steel catenary risers (SCRs)…
Saipem received a 'notification of suspension of marine spread activities,' which covers all vessels currently engaged in activities related to Gazprom’s South Stream pipeline project, including the Saipem 7000 J-Lay vessel. Image…
Shell and Petronas Carigali and moving forward in the E6 field development offshore Sarawak, Malaysia after making a final investment decision (FID). Shell's Malaysian offshore platform. From Shell. E6…
Russian President Vladimir Putin said that Russia will discontinue current plans for the South Stream pipeline, citing continuing opposition from Europe, specifically Bulgaria. Instead, he announced preliminary plans to create a gas hub for southern Europe at the Turkish-Greek border…
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