Aberdeen-based explorer Faroe Petroleum it to take on its first operated production in the North Sea through a £35million to take over operated stakes in two southern North Sea gas fields from Tullow Oil. Faroe will take a 60% operated stake in the Ketch field and a 53…
Stephen Whitfield takes a look at some of the major development projects now utilizing subsea separation and processing technology to increase field life. Several companies are looking at subsea processing and separation as they try to maximize production out of difficult projects…
Sakhalin Energy Investment Company (Sakhalin Energy) and Sovcomflot Shelf (SCF Shelf) on behalf of Sovcomflot Group have signed a contract for construction and long-term operation of a multifunctional icebreaking supply vessel for the Sakhalin-2 offshore platforms…
TGS has started new 2D and 3D multi-client projects in the Norwegian Barents Sea. Both surveys will provide high quality data prior to the closing of the 23rd Norwegian Licensing round. The HFCE14 is a 3100sq km 3D multi-client survey…
Cairn India acquired about 3010 line-km of 2D infill seismic over Block 1 of the Orange basin, off South Africa's Northern Cape Province, in Q1 2014. It is currently evaluating the data. The company acquired a 1981sq km 3D…
BG Group's CEO Chris Finlayson has resigned, with immediate effect, the UK-based exploration firm announced today, raising calls for the firm to be broken up and suggestions it would now be a takeover target. In a statement, BG said the resignation…
Representatives from China National Petroleum Corp. and Shell met on 8 April 2014 to sign global cooperation agreements. CNPC Chairman Zhou Jiping met with Shell CEO Ben van Beurden in Beijing where the pair signed agreements covering both company's unconventional resources…
AGR's software solutions division had signed its first contract with Sakhalin Energy. The three-year deal includes the latest version of AGR's P1 software, as well as maintenance and support services. The software allows operators to maximize performance during well-construction projects…
Shell and its partners on the Ormen Lange license have postponed plans for a ground-breaking compression project on the giant field, halting ongoing concept select work, citing costs and reservoir data. Ormen Lange, Norway’s second largest field and producing since October 2007…
Shell has appointed Houston-based consulting firm, Endeavor Management to advise the supermajor in preparation for a possible revamp of Shell's Chukchi Sea drilling campaign. Endeavor said it will provide support and advice for a third…
The Prelude FLNG subsea architecture, supported by traditional mudmats. image source: Shell. Mobile foundation technology could offer an economic solution to some stranded offshore hydrocarbon reserves…
Global demand for energy and the technical challenges facing the oil and gas exploration and production industry means business as usual is no longer an option, Shell's chief technology officer says. Gerald Schotman said the industry…
A new design for nuclear plants built on floating platforms, modeled after those used in the offshore oil and gas industry, has been created by professors at Massachusetts Institute of Technology (MIT). They say such a design could help avoid the disaster at Fukushima Daiichi nuclear plant…
Total has made a 'very promising' light oil discovery in 2300m water depth as part of an intensive exploration campaign off Ivory Coast. The Saphir-1XB exploration well, the first exploration well on Block CI-514, is the first discovery in the San Pedro basin…
Total E&P announced today that its Saphir-1XB exploration well on Block CI-514 tested light oil in deep water off Africa's Ivory Coast. “Drilled in an abrupt margin play, this first well is the first discovery in the San Pedro Basin…
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