Oil News

 

GE upgrades ProSolv wax inhibitor

Apr 27, 2017

GE has upgraded its ProSolv WI8581 wax inhibitor for offshore and onshore oil and gas production. Wax inhibitors help producers maintain an uninterrupted flow of crude oil. GE's upgraded product is highly concentrated and winterized to improve efficiency and cost-effectiveness…

TechnipFMC, Aker bag Cara study

Apr 21, 2017

Operator Engie E&P Norge has awarded contracts to TechnipFMC and Aker Engineering and Technology for feasibility studies for the Cara project in the Norwegian part of the North Sea. The studies intend to show the potential, challenges and opportunities at an early stage of the development…

Iran plans Caspian Sea seismic

Apr 18, 2017

Geology Without Limits (GWL), working with Geological Survey of Iran (GSI) and Ministry of Mine, Industry and Trade (MMIT) are planning a 4800 km, 2D seismic, gravity and magnetic data survey in the Iranian sector of the Caspian Sea.  The…

Lundin hits oil at Edvard Grieg appraisal

Apr 11, 2017

Lundin Petroleum discovered a 15m oil column at the Edvard Grieg Southwest appraisal well in the North Sea, confirming an upside for the field. The Island Innovator, from Island Drilling.  Lundin…

Parkmead increases Sanda stake

Apr 04, 2017

Parkmead, the UK and Netherlands focused independent oil and gas group, has nearly doubled its stake in the major Sanda North and Sanda South structures in the West of Shetland area of the UK North Sea. These two large Palaeocene prospects are both located within Block 205/13…

Snadd to increase Goliat reserves

Mar 30, 2017

Eni's Goliat reserves are set to increase by 1.2 MMcm or 7.5 MMbbl, following the approval to tie in the Snadd discovery in the Barents Sea, according to the Norwegian Petroleum Directorate (NPD).  Two wells will be drilled from Goliat…

Aker BP, Faroe approve Tambar redevelopment

Mar 30, 2017

Aker BP has approved the redevelopment of Tambar in the southern North Sea that is expected to extend the production period by some 10 years. Image of Ula, from Aker BP. The plan consists of two additional wells and gas lift…

Castex sets Hummer first oil for Q3

Mar 30, 2017

Petsec Energy is estimating first production at its Hummer oil and gas field in late Q3 2017. The company provided an update on the development of field, which extends over Main Pass Blocks 270, 273 and 274, in the Gulf of Mexico, offshore Louisiana…

Cairn hits oil at VR-1 off Senegal

Mar 27, 2017

Cairn Energy has encountered oil at the Vega-Regulus (VR-1) well offshore Senegal, marking the company’s eighth successful well in the area since 2014. The Stena DrillMAX, from Stena. The…

Eni strikes oil off Mexico

Mar 23, 2017

Eni has confirmed the presence of oil in multiple reservoirs at the Amoca-2 well, the first well drilled by an international oil major offshore Mexico since the 2013 Energy Reform. Map of Area 1…

Yinka plans intervention on Aje

Feb 16, 2017

London-listed oil minor MX Oil is hoping to raise about US$6.26 million through issuing new shares to fund the work on the Aje field offshore Nigeria.  Production started from Aje, in block OML 113, last year, but has been limited by the performance of the Aje-5 well…

FAR ups Senegal resources

Feb 07, 2017

FAR Ltd. says it has identified more than 1.5 billion bbl of undrilled oil prospectivity in its acreage offshore Senegal through the interpretation of new 3D seismic data. The Stena DRILLMAX is currently drilling the SNE-5 well…

LR starts Subsea Inspection Services

Jan 31, 2017

Lloyd’s Register (LR), a provider of integrity, compliance and specialist risk consulting services, has begun its Subsea Inspection Services to support underwater inspections of subsea pipelines, assets and facilities to energy companies operating offshore…

BP: Renewables to quadruple by 2035

Jan 25, 2017

BP is forecasting that renewables will become the fastest growing fuel source by 2035, nearly quadrupling over the next 20 years, according to the UK oil giant’s latest Energy Outlook. Image from BP…

Seabed gets West Africa 4D project

Jan 20, 2017

Seabed Geosolutions, a joint venture between Fugro and CGG, has been awarded a 4D baseline ocean bottom node project in West Africa, with a duration of six-weeks. The crew is currently in the mobilization phase of the project, which will…

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