Italian explorer Eni is set to spud its deepwater Gulf of Mexico Vernaccia exploration well in early October, according to partner Louisiana-based Stone Energy. The Vernaccia prospect, in Mississippi Canyon Block 35, will target the Miocene interval in a four-way structure…
Sustained low oil prices could lead to a long-term drop in upstream oil and natural gas investment, according to a new report by the US Energy Information Administration. “Given the fall in oil prices that began in mid-2014 and the relationship between oil prices and upstream investment…
Primeline Energy Holdings spudded the LS23-1-1 exploration well on 23 September to tap into resources near its LS36-1 gas field production facility, in the East China Sea. Images from Primeline Energy…
Baker Hughes released its DeepShield deepwater safety valve, the industry’s first V1-validated subsurface safety valve tested to help ensure fail-safe operations as defined in the new API Spec 14A. DeepShield…
Mexico is one of the largest producers of petroleum and other liquids in the world, the fourth-largest producer in the Americas after the United States, Canada, and Brazil, and an important partner in US energy trade. In 2014, Mexico accounted for 781…
OneSubsea has been awarded a front-end engineering and design (FEED) contract for the Greater Enfield Area Development offshore northwest Australia. The FEED study, which will be conducted by OneSubsea’s local team in Perth, will include…
Wood Group has been chosen by Statoil to provide four-year operations and maintenance at the Peregrino field offshore Brazil. The contract covers two wellhead platforms (Alpha and Bravo) and modification services for both units and the Peregrino FPSO…
A hike in Petróleo Brasileiro’s (Petrobras) average production in oil and natural gas, in addition to pre-salt for the month of August set historic records for the Brazilian giant. Oil. Image from Petrobras…
Houston's VAALCO Energy says it has achieved first oil from the North Tchibala 1-H well at a gross rate slightly above 3000 b/d. The well was drilled to a measured depth of approximately 11,160 feet, targeting the undeveloped Dentale reservoir…
Africa-focused Tower Resources announced the signing of the shallow water Thali (formerly known as Dissoni) production sharing contract (PSC), offshore Cameroon. The PSC signing ceremony took place on 15 September 2015 at the offices of Société Nationale des Hydrocarbures (SNH) in Yaoundé…
ExxonMobil subsidiary Esso E&P Nigeria started oil production earlier than planned at the Erha North Phase 2 deepwater subsea development project, offshore Nigeria. Esso North subsea structures…
Ahead of tomorrow's (15 September) congressional hearing in New Orleans, API highlighted the importance of offshore oil and natural gas development to the region's economic development. Image from EMGS…
Karoon Gas Australia has announced that the company has received written notification from the Brazilian oil and gas regulator, the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP), advising that the revised appraisal plan (PAD) for Karoon’s 65% owned Santos basin blocks…
Japan’s INPEX Corp. announced an updated expected production start-up schedule and raised the anticipated production capacity of the Ichthys LNG project, offshore Western Australia. Ichthys layout…
José Formigli has been appointed by Aker Solutions to serve as an adviser for overall strategic decisions and to join its innovation board. Formigli, a Rio de Janeiro native and engineer by training, has more than 30 years' experience in the oil and gas business…
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