Offshore Production News - page 313

 

Surveying Mediterranean prospects

Nov 01, 2015

Jerry Lee reports on all the exploration and production activity currently ongoing in the Mediterranean and North Africa. The Maersk Discoverer drilling in Egypt’s East Mediterranean Sea. Photos from BP…

The future of flow

Nov 01, 2015

NEL’s Emmelyn Graham discusses multiphase flow measurement – where is it going and what is needed. NEL’s flow measurement facility. Photos from NEL. Accurately measuring a complex mixture of oil…

Tablet-based software for Ex inspections and maintenance

Nov 01, 2015

René Larsen, of Inspection and maintenance software specialists SafeEx, discusses how Ex inspection software was deployed on a gas compression jackup rig destined for the Cantarell field offshore Mexico. Data collection…

Chevron to slash 6-7000 jobs

Oct 30, 2015

US supermajor Chevron announced in its Q3 results that it expects to make further workforce reductions in the realm of 6000-7000 in an effort to cut costs. The company’s earnings this quarter were better than anticipated, according to analysts Simmons & Co…

Eni CEO meets with Israeli officials

Oct 29, 2015

Eni CEO Claudo Descalzi met with Israel’s Prime Minister Benjamin Netanyahu and Energy and Water Minister Yuval Steinitz in Jerusalem today (29 October) to discuss potential joint development of natural gas in the Eastern Mediterranean as…

Noble brings Big Bend online

Oct 28, 2015

Noble Energy has commenced production from the Big Bend oil development in Mississippi Canyon 698 of the deepwater Gulf of Mexico. Noble and partners expect the single-well field to reach a maximum gross production rate of approximately 20…

IHS: Zohr holds new potential

Oct 28, 2015

New analysis is estimating that Eni’s Zohr natural gas discovery has significant technical, commercial, and strategic implications for the gas market in Egypt, according to IHS Energy. Map of Zohr…

Costain, Hurricane develop Lancaster EPS

Oct 27, 2015

UK engineering solutions provider Costain has worked closely with Hurricane Energy to produce a number of field development options for their Lancaster Discovery, West of Shetland.  Over the last 24 months the Costain team, in collaboration with Hurricane…

QGEP, Shell sign COSA

Oct 26, 2015

QGEP Participações has announced that Queiroz Galvão Exploração e Produção has signed a Crude Oil Sales Agreement (COSA) with Shell Western Supply and Trading for the early production system (EPS) of the Atlanta Field. This contract refers to QGEP's 30% share in the production from the field…

EIA: UAE seeks 30% production boost

Oct 23, 2015

The US Energy Information Administration (EIA) reported today (23 October) that the United Arab Emirates (UAE) intends to increase its production 30% by 2020 using EOR techniques.  For the UAE, EOR technologies will be the best way to…

GlobalData: Liza could redefine Guyana-Suriname

Oct 22, 2015

With ExxonMobil reported to be moving the Liza discovery in deepwater Guyana into pre-front-end engineering design (FEED) less than five months after confirming the find, the project has the potential to yield significant returns for investors…

Statoil's Troll gets major jump, extension

Oct 22, 2015

Statoil’s Troll field is about to see a natural gas increase of about 83 Bcm this month after the installation of two giant compressors at Troll A, offshore Norway. The US$1.2 billion (NOK 10 billion) project came in at $121 million (NOK 1 billion) under budget…

Ophir spuds in Gulf of Thailand

Oct 21, 2015

UK-based Ophir Energy commenced its two-well drilling campaign in the Gulf of Thailand with the spudding of the G4/50-10 exploration well on the Soy Siam prospect. Image: Offshore Thailand / Ophir…

Repsol to cut spending, divest assets

Oct 15, 2015

In Repsol's 2016-2020 Strategic Plan, unveiled today, the company vowed to cut spending by 38% and divest US$7.1 billion (€6.2 billion) in non-strategic assets. The company said it expected to make half of those divestments in the next two years…

Genel Energy president retires

Oct 14, 2015

Genel Energy has announced the retirement of Mehmet Sepil, president of Genel, effective immediately. Sepil founded Genel Energy and was CEO from 2002 until the merger with Vallares PLC in 2011, when he became president. “[Sepil’s]…

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