Sakhalin-II is an intergrated, export-oriented oil and gas development, and Russia’s first offshore gas project. It handles production from Piltun-Astokhskoye oil field and the Lunskoye natural gas field in the Okhotsk Sea, and is managed and operated by Sakhalin Energy Investment Co…
Russia's Rosneft and Venezuela's PDVSA struck a deal concerning the implementation of projects offshore Venezuela. The agreement calls for the two companies to conduct joint studies evaluating technical and economic viability of offshore gas and condensate production in Venezuela…
Royal Dutch Shell plc will develop the Stones ultradeepwater project in 9,500ft of water, about 200mi southwest of New Orleans. Development will start with two subsea wells tied back to an FPSO, followed by six additional wells. This first phase is expected to reach peak production of 50…
Russian state-owned company Gazprom along with a consortium of Japanese firms have signed a memorandum of understanding (MOU) concerning the development of Gazprom's Vladivostok LNG project. Present for the signing on June 22 were Gazprom Chairman Alexey Miller and Masanori Toyoshima…
UK-based exploration firm Ithaca Energy has agreed farm-out deals with Edison International and Shell on North Sea blocks. Shell is to take a 50% stake from Ithaca in production license P2048, covering central North Sea blocks 29/24, 29/25…
Russia’s campaign to sell its energy wares throughout the Asia Pacific region continued at several US energy conferences this spring: IHS CERAWeek (March) and LNG 17 (April). Russia reiterated that it can curb production declines and ramp…
Rosneft annoucned today it has signed cooperation agreements with Norway's Statoil, Italy's Eni, and America's ExxonMobil. Statoil and Rosneft have made official their plans to explore for oil and gas offshore Russia. The two companies…
Shell Philippines Exploration B.V. awarded Royal Boskalis Westminster N.V. a contract to install a Depletion Compression Platform for the Malampaya Project off the coast of Palawan Island, in The Philippines. The contract value is about US$60 million; to run early-late 2014.
GE announced the grand opening of its new, state-of-the-art customer application center (CAC) in Moscow. At an invitation-only ribbon-cutting ceremony, customers toured the facility and experienced the complete GE Measurement & Control product…
Norwegian technology development company Biota Guard has developed a subsea leak and environmental monitoring system for the oil and gas industry. Monitoring the heart-beat of mussels and their shell movements may not sound like a traditional activity within the upstream oil and gas industry…
European editor Elaine Maslin went to visit Huisman’s yard in Schiedam, Netherlands, as the finishing touches were being carried out on the Noble Globetrotter II. When offshore lifting, pipelay and drilling firm Huisman decided…
The southern part of the formerly disputed area between Norway and Russia has been licensed to a consortium of Rosneft and Eni. The companies plan seismic surveys for later this year. This area includes the large Fedyn High structure. The northern part of the formerly disputed area…
FMC Technologies, Inc. received an order from Shell for subsea equipment for its portfolio of projects in the Gulf of Mexico. The scope includes the supply of 12 enhanced vertical deepwater trees and controls. 'FMC Technologies has been…
Draugen was the first field developed in the Norwegian Sea 20 years ago—Shell now expects it to produce for a further 20 years, doubling its expected life span. Asset manager Odin Estensen explains how. The story of Draugen is more than just the story of a field…
The Norwegian Ministry of Petroleum awarded 24 licenses in the country’s 22nd licensing round. The offerings include 20 production licenses in the Barents Sea and four in the Norwegian Sea. The agency granted 29 companies shares—including ConocoPhillips…
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