While the latest revisions to the terms for shallow water areas in Mexico’s first licensing round have increased the attractiveness of the production sharing agreement terms by improving the contractor’s upside potential, the benefits remain…
KrisEnergy began drilling the Rossukon-3ST sidetrack well offshore Thailand. Image from KrisEnergy. Rossukon-3ST is located in the G6/48 license that covers 566sq km over the Karawake basin…
Lundin’s first development project offshore Malaysia, the Bertam field, is now onstream, with plans to continue with production from remaining wells throughout 2015. Malaysia drilling operations…
The 22,000-tonne topside for the new offshore platform for the Lundin Norway-operated Edvard Grieg field is ready for delivery, in line with the contract awarded three years ago. Image of the Edvard Grieg project…
The Statoil-operated Gullfaks gas field in the Norwegian Sea will use Nexans' innovative power umbilicals combining power, fiber-optic and hydraulic lines in a single cross section. The cables were handed over to Statoil this month. The…
Karoon Gas Australia made a discovery at the Echidna-1 exploration well, the third in the Santos drilling campaign, offshore Brazil. Image from Karoon. According to the Australian company…
Aker Solutions and Fjords Processing have formed WellSep, an alliance to develop technology and capabilities for advanced wellstream separation and treatment solutions for the subsea and topside oil and gas industry. The alliance…
Statoil confirmed its second discovery in the Aasta Hansteen area with the Roald Rygg prospect in the Norwegian Sea. Map of Roald Rygg. From Statoil. The gas discovery was made at…
KrisEnergy awarded Singapore-based Synergy Engineering the front-end engineering and design (FEED) for the Lengo gas development offshore East Java, Indonesia. Image of the Lengo platform. From KrisEnergy…
Houston-based BPZ Energy, that is currently under chapter 11 protection, is suspending its Corvina CX15-9D well offshore Peru after failing to produce oil. Map from BPZ. The well…
OE’s Audrey Leon spoke with Francisco Nunez, regional sales manager, Latin America, at OneSubsea, about the opening of Mexico’s oil and gas industry and what effects it will have on both OneSubsea and the industry at large. Please explain…
Rystad Energy’s Senior Analyst Bielenis Villanueva Triana ranks Mexico’s exploration competitiveness as compared to other global prospective areas. Fig. 1: Mexico’s petroleum provinces which have proven hydrocarbon potential…
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…
While the countdown to Round One has dominated activities in the Mexican offshore sector over the past 12 months, there have still been other notable contracts awarded. Pemex’s Ku-S platform in the Bay of Campeche…
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…
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