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 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…
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…
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…
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…
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 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…
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…
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…
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…
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…
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…
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…
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…
Brian Salerno, director of the Bureau of Safety and Environmental Enforcement (BSEE), cited 12 Gulf of Mexico (GOM) operators for failure to comply with the Safety and Environmental Management Systems (SEMS) requirements of the Workplace Safety Rule…
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