Hyundai Heavy Industries (HHI) received a letter of award for a US$1.3 billion order for a floating production unit (FPU) and a US$700 million order for a tension leg platform (TLP) from Total E&P Congo, the company announced on 26 March 2013…
Suncor Energy resumed production at the largest of three drill centers at the Terra Nova complex, off Newfoundland, following the completion of dockside maintenance. A second drill center was connected in January and is currently being commissioned.
Production has begun from BP and Sonangol’s PSVM development in block 31, off Angola. The PSVM development, BP’s second operated development in the country, consists of four oil fields: Plutão, Saturno,Vénus, and Marte. Three wells at the Plutão…
Production has begun at BP’s Valhall redevelopment project in the Norwegian North Sea. The project aims to increase Valhall’s life span by an additional 40 years. Current capacity is set at 120,000b/d of oil and 143mmcf/d of gas. BP expects production to increase to 65,000boe/d by 2H 2013.
Commercial production began at Sapinhoá field in January. Located in block BMS9 in Brazil’s presalt region, the first producing well, Guara1, was connected to the FPSO Cidade de São Paulo. Guara1 has a potential production rate of 25,000b/d…
The Egyptian government approved Dana Petroleum’s development plan for the Nefertiti oil field in the Gulf of Suez following a successful appraisal at the Nefertiti2X well. Dana says the field is the first it developed by drilling extended reach wells from an onshore location…
Oilfield activity in the Mediterranean region was disrupted by extreme political events last year across northern Africa. The ‘Arab Spring’ revolutions in Egypt, Libya, and Tunisia, as well as the continuing conflict in Syria shut down most non-essential activity…
Olso-based Aker Solutions and Houston-based FMC Technologies Inc. have both announced today major subsea contract deals with Petrobras in connection with the Brazilian NOC's pre-salt fields.(Image: Aker Solutions)Aker Solutions signed a new…
GE Oil & Gas 2013 Annual Meeting, in its 14th consecutive year, was attended by more than 1000 oil and gas industry executives from over 70 countries. Meg Chesshyre joined the multitude in Florence, Italy.Gorgon module loading at Avenza, ItalyAt the beginning of the two day event…
Perceptions may not be as bad as reality in post-conflict Libya.Hundreds of billions of dollars are expected to be spent in the cash-rich country in coming years; westerners are welcome in Tripoli; security has improved, and organizations…
Chevron encountered more than 400 ft (122m) of net oil pay at its deepwater Coronado prospect well No.1 in the Gulf of Mexico, the company announced on 25 March 2013. Pacific Santa Ana (Image: Pacific Drilling) Coronado comprises Walker Ridge Block 98…
Aker Solutions, the international oil services provider, has received a Letter of Award from Total for the delivery of a subsea production system for the Moho Nord project in the Republic of the Congo. The contract value is approximately NOK 4…
Total, operator of the Moho-Bilondo license, announced the final investment decision and EPC contract awards for the Moho Nord development, consisting of the Moho-Bilondo Phase 1bis and Moho Nord projects. First oil is expected in 2015, with output reaching 140…
First production has begun at the CNOOC-operated Beibu Gulf Project in the South China Sea, announced partner Roc Oil on 21 March 2012.Roc said production from two development wells, A5H and A2 on the WZ 6-12 wellhead platform, follows the successful installation…
The latest Gulf of Mexico Lease Sale 227 held Wednesday drew $1.2 billion in high bids for tracts spanning the coasts of Louisiana, Mississippi and Alabama. Statoil was the highest bidder on 15 leases, the company announced on 20 March 2013…
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