The recent rise in domestic crude oil production from 5.6 MMb/d in 2009 to 8.7 MMb/d in 2014 and the prospect of continued supply growth have sparked interest in the question of how the relaxation or removal of current policies, which restrict…
A team of subsurface and facilities engineers have been working together to create a viable, small footprint solution for a string of sour fields in the UK’s Outer Moray Firth. Mike Cooper explains. Cooper…
Drilling on Statoil’s Mariner will be a mega project – but Statoil is looking to lighten the load in ways that could only be done on such a large project. Elaine Maslin found out more. The Mariner field concept artists’ illustration…
Hurricane Energy has proven commercial oil can flow from its fractured basement oil reservoirs West of Shetland – it’s next job is finding an economical solution to get it to market. Elaine Maslin reports. Artist's…
Offshore energy production in the Gulf of Mexico has experienced relatively minor disruptions because of tropical storms and hurricanes in recent years, and the National Oceanic and Atmospheric Administration (NOAA) has predicted a below…
North Sea-focused Independent Oil and Gas (IOG) is aiming to drill an appraisal well on the Skipper discovery later this year with contractor led funding. Image from IOG. The…
Statoil’s exploration and discovery efforts in the Gulf of Mexico are moving forward, as the Norwegian giant announced the spudding of the Yeti appraisal well earlier this month on 12 August. Transocean’s Discoverer Americas drillship…
Low global crude prices have hit Saudi Arabia hard. With a considerable budget deficit, Saudi has been forced to begin borrowing from capital markets – US$4 billion in July. The kingdom is highly reliant on oil – accounting for more than 90% of budget revenues…
After nearly two years, Gazprom Neft Shelf has brought its second well into production at the Prirazlomnoye field in the Russian Arctic. Image of the Prirazlomnaya field. From Gazprom. Prirazlomnoye is located in the Pechora Sea…
The PSA has completed its investigation into two incidents which occurred on the Eldfisk complex on 6-8 August 2014. Several breaches of the regulations have been identified. Image from ConocoPhillips…
Italy's Eni is close to starting producing from Norway's first Arctic oil development, reports Reuters. Production from the Goliat field, estimated to hold about 178 MMboe, was originally expected to start in 4Q 2013, but the project has been beset with delays and cost overruns…
Iran is preparing to introduce 45 new oil projects to potential investors as it looks to attract investment into the country post-sanctions. Iran finally reached an historic agreement with the P5+1 countries late last month, over Iran's nuclear activities…
Norwegian offshore player Egersund Group recently set a new oil spill recovery record when its newly developed Marine Oil Spill (MOS) Sweeper system managed to recover 96.4% of oil released in a North Sea exercise. Image…
First oil and gas was produced from the H5 wellhead platform (H5-WHP) on the Te Giac Trang (TGT) field 10 August offshore Vietnam, says SOCO. The start of production was achieved one month ahead of schedule and the H5 development project has been completed with zero lost time accidents…
Production has restarted on the Kwane Nkrumah FPSO (pictured) on Tullow Oil's giant Jubilee field offshore Ghana ahead of expectations. The FPSO had suffered issues with its gas compressor late last month, resulting in a gas export outage from 3 July…
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