Australian oil and gas firm BHP Billiton has backed plans to develop what may be the world’s largest floating LNG project, saying it is “fully aligned” with partner ExxonMobil. But, the project is still facing difficulties, according to a statement from Exxon to news agency Bloomberg…
Shell started production from its Cardamom subsea oil and gas field located in the Gulf of Mexico. The Cardamom system is tied back to Shell's Auger tension leg platform (TLP), marking the seventh subsea development to come onstream through the platform since first oil was achieved in 1994…
The test frame for Allseas’ mega-vessel Pieter Schelte arrived at BOW Terminal in Vlissingen. The En Avant 20 tugging the test frame. From Muller. Volker Staal en Funderingen (VSF) awarded…
Dolphin Geophysical has received confirmation from the Export Control Division of the Norwegian Foreign Department that the recently announced contract in the Kara Sea is not subject to the current trade restrictive measures against Russia…
In Shell’s latest video, the supermajor shows how Cardamom is extending the life of Auger to provide as many as 50,000 more boe/d, increasing Auger’s production capacity to 130,000boe/d. OE reported earlier this week of Shell beginning…
The importance of technological innovation in the oil and gas industry has risen over the past two years, according to a survey by Lloyd's Register Energy. Image from Lloyd's Register Lloyd's Register surveyed operators in America…
According to a study published this month by US-based research and marketing company Markets and Markets, the maritime security industry will be worth around US$20 billion by 2019. The major drivers behind the exponential increase of…
Shell has started work drilling production wells on Malaysia's third deepwater development, the Malikai field, offshore Malaysia. The Malikai development involves 17 wells drilled from a 23,500 tonne tension leg platform production facility…
The millionth barrel of oil has been produced at the Prirazlomnoye field, in Russia's Pechora Sea, in the Arctic, operator Gazprom Neft announced. The second tanker to deliver the oil to North West Europe in the next few days is currently being loaded…
ExxonMobil and Rosneft will end drilling operations in the Kara Sea due to Western sanctions. The West Alpha ExxonMobil released a statement today (19 September), which said the supermajor will comply with all US sanctions…
Four months after taking to the helm of Italian state-run Eni, CEO Claudio Descalzi is now the subject of a corruption investigation related to the acquisition of the large and lucrative deepwater oil prospecting lease (OPL) 245 offshore Nigeria…
At present we are seeing lower oil prices as a function of softer demand growth in both Europe and China combined with recent output increases from OPEC, particularly Libya, together with the ongoing surge in US production. In the short-term…
Allseas' mega-vessel, the Pieter Schelte, is close to leaving Korea for Europe after leaving Daewoo Shipbuilding & Marine Engineering's quayside on Geoje Island for open water for sea trials. Tests on the 382m-long, 124m-wide vessel,…
Brazil's state-run oil company, Petroleo Brasileiro, will sign a contract to build and lease a floating production ship for its Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on 18 September, as reported by Reuters…
Brazil could be poised to become one of the largest oil producers in the world, according to senior executives speaking at this year’s Rio Oil and Gas conference. Monday’s Shell luncheon at the event offered an outlook on the changes…
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