Oil News

 

What lies beneath

Apr 09, 2015

Most of the Mexican side of the Gulf of Mexico remains unexplored. Dan McConnell explores the geotechnical knowns and unknowns in the basin. Acquiring geotechnical data for platform foundation design in Mexico’s Bay of Campeche…

Reform lifts Mexico’s energy prospects

Apr 09, 2015

Eckhard Hinrichsen analyses the race for oil and gas reserves as the market liberalizes. The Mexican energy industry is at last open to foreign companies. Investment opportunities abound as the important first licensing rounds loom. The…

NOIA president talks safety

Apr 09, 2015

National Ocean Industries Association (NOIA) president, Randall Luthi, joined API’s Jack Gerard and IADC’s Stephen Coleville this morning to discuss improvements in offshore safety since the Macondo Well accident five years ago.   Luthi’s…

On your marks, get set, wait…

Apr 09, 2015

As Mexico’s energy industry slowly opens up to outside investment, the country’s industry is assured to look very different in the future from today. GlobalData’s Adrian Lara and Will Scargill examine the details. Pemex has had a monopoly…

Insights into the Mexican energy reform decrees

Apr 09, 2015

ABS’ Henrique Paula provides insight into the secondary laws – CNH, CRE, and ASEA – being used to implement Mexico’s energy reforms. The ABS-classed Centenario semisub drilling unit, built in 2010…

Statoil hits at Yeti in GoM

Apr 09, 2015

Statoil made an oil discovery at Walker Ridge’s Yeti in deepwater Gulf of Mexico (GoM). Yeti map. From Statoil.   The Yeti exploration well is located in Walker Ridge Block 160, approximately 15km south of Chevron’s Big Foot field…

Huntington due to resume

Apr 08, 2015

Canada-based, North Sea-focused independent Iona Energy says production from the E.ON-operated Huntington field is due to return to normal operations as gas export rate restrictions are lifted. The Huntington field, produced via the Voyageur Spirit FPSO…

Renewables investment reaches record highs

Apr 07, 2015

Global investment in renewable energy reached record levels in 2014, including the record-breaking US$3.8 billion financing of the largest ever renewable energy plant, a Dutch wind farm project, a new report has shown. Image from Siemens…

Siemens opens Houston headquarters

Apr 06, 2015

Siemens is opening its new oil and gas headquarters in Houston. Siemens managing board member Lisa Davis, who leads Siemens’ oil and gas and power generation businesses, will be based in the West Memorial Drive office in Houston’s energy…

RIL’s MJ discovery develops off India

Apr 06, 2015

India’s Reliance Industries’ (RIL) MJ Discovery is estimated to have 1.4 Tcf of unrisked contingent resources offshore India, according to partner Niko Resources. MJ Discovery map. From Niko.   The…

ExxonMobil inks Equatorial Guinea PSC

Apr 02, 2015

ExxonMobil has been awarded a production sharing contract (PSC) for Block EG-06 by the government of Equatorial Guinea. The contract was signed between ExxonMobil Exploration and Production Equatorial Guinea (Offshore), GEPetrol and the Government of the Republic of Equatorial Guinea…

Inflow control

Apr 01, 2015

Reservoir engineers are getting to grips with automatic flow control devices to limit water cut and gas breakthrough – just as they did with their passive forbearers, explain Benn A Voll, Ismarullizam Mohd Ismail, and Iko Oguche. Fig…

The harsh reality for materials

Apr 01, 2015

Wood Group Kenny’s Luis F. Garfias outlines the challenges relating to material selection and testing for eventual use in harsh environments. Photo by Robert Callaway. The increasingly…

Exploring MEOR

Apr 01, 2015

Jerry Lee takes a look at some of the research surrounding microbial enhanced oil recovery (MEOR), and how it could be a viable solution for increasing recovery efforts. A Glori scientist observes…

Spotlight on Latin America

Apr 01, 2015

Heather Saucier examines the effect of regional energy policies on Latin America’s rich untapped resources, estimated to be some 126 billion bo and 679 Tcf of natural gas, a large majority of which is offshore. Piñon…

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