Production News

 

Extending umbilical life

Jan 16, 2014

Viper Subsea’s V-LIFE is increasing insulation resistance to extend subsea systems’ life expectancy. It is well understood that water and electricity don’t mix well. Since the advent of electro-hydraulic control systems, this fact has…

Petrobras sees pre-salt reserves increase

Jan 15, 2014

Petrobras' proven pre-salt reserves are up 43% in 2013. Since 2007, the company has been adding increasing amounts to its proven reserves coming from the pre-salt layer, which extends from the south of the state of Espírito Santo to the state of Santa Catarina…

Freeport-McMoRan in deepwater GoM

Jan 15, 2014

Freeport-McMoRan Copper & Gold (FCX) is one of the world’s largest mining companies, but it is expanding its interests in North American oil and gas. FM O&G has about 1200 Houston-based employees, and has additional offices in California…

HRT plucks Polvo from BP

Jan 09, 2014

Brazilian independent HRT Participacoes em Petroleo SA acquired a 60% working interest and the operatorship stake in the Polvo field from BP Energy do Brasil Ltda, following the Jan. 8 close on a deal worth US$101 million.In the transaction…

Petrobras' November monthly output up 1.2%

Dec 31, 2013

In November, Petrobras announced its total oil and natural gas output in Brazil was 2,342,000 boe/d, up 1.2% from the 2,315,000 boe/d extracted a month earlier. Including the share operated by Petrobras for its partners, the rise in relation to October was 1…

Shell grabs Petrobras' BC-10 stake

Dec 30, 2013

Petrobras' partners in the BC-10 development, also known as Parque das Conchas, have finalized a buyout worth approximately US$1.6 billion for the Brazilian national's 35% interest in the project. Shell will pay $1 billion for its additional 23% interest…

US enacts Transboundary Hydrocarbons Agreement

Dec 27, 2013

The US Department of the Interior (DOI) announced that the US-Mexico Transboundary Hydrocarbons Agreement has been enacted. The agreement establishes a framework for US oil and gas companies and Mexico’s Petroleos Mexicanos (PEMEX) to jointly…

Gazprom announces first oil at Prirazlomnoye

Dec 23, 2013

Gazprom Neft Shelf announced the start of oil production from the Prirazlomnoye platform in the Russian Arctic. Chief Executive Officer Alexey Miller said in a statement on December 20 that 'we have become the pioneers of Russia's Arctic development…

Temporary solution for Siri

Dec 23, 2013

After Norwegian Energy Company ASA (Noreco) announced that the Siri would not return online until Q2 2014, the Danish Energy Agency approved a temporary production solution to allow for a Q1 2014 restart. Siri, wholly-owned by operator DONG Energy…

OGX begins Campos basin production

Dec 17, 2013

On 4 Dec 2013, OGX Petroleo e Gas SA , Brazil's second-largest oil company by market value, began production in the Tubarão Martelo field, located in the BM-C-39 and BM-C-40 blocks, through the horizontal well TBMT-8H. On 29 Nov 2013…

Hess in production off Malaysia

Dec 10, 2013

EOC Ltd. announced that its Perisai Kamelia FPSO successfully completed startup and commissioning at Hess' Kamelia field in the North Malay Basin, offshore Malaysia. The FPSO is under contract to fast-track natural gas production at the field…

Subsea custom coatings

Dec 04, 2013

Bredero Shaw discusses the various factors and challenges behind high-temperature subsea custom coating. Due to the increased technical requirements within new well development, the proportion of subsea products requiring insulation suited…

Self-installing buoyant tower offers production solution

Dec 03, 2013

GMC Inc.’s Clyde Crochet discusses a self-installing tower, currently deployed off Peru, which offers a new substructure solution compared to conventional jackets/piles. The buoyant tower concept represents an innovative bridging design…

Prelude's first float out

Dec 03, 2013

Watch as the 488m-long hull of Shell’s Prelude floating liquefied natural gas (FLNG) facility floats out of the dry dock at Geoje, South Korea’s Samsung Heavy Industries yard, where the facility is currently under construction. Upon completion…

DOE to fund methane hydrate studies

Nov 27, 2013

The US Department of Energy (DOE) announced in mid-November that US$5 million would be allocated for seven US universities studying methane hydrates. “The recent boom in natural gas production - in part due to long-term Energy Department…

Current News

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

Gibdock Repairs Shearwater Duo

Gibdock Repairs Shearwater Duo

Hermitage Offshore Services Gets a Short Breather from Creditors

Hermitage Offshore Services Gets a Short Breather from Creditors

Norway-linked Firms Might Bid for Petrobras' Golfinho Field Offshore Brazil

Norway-linked Firms Might Bid for Petrobras' Golfinho Field Offshore Brazil

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