Statoil posted a loss of US$2.76 billion to its net income that the Norwegian giant attributed to its international operations that consisted of expensed exploration wells, high maintenance activity, and impairment charges. Image of Eldar Sætre…
Halliburton (HAL) released the Dash Large Bore Subsea Safety System, which provides full electrohydraulic control of well safety and intervention functions. The fully customizable system brings new benefits to deepwater operators for completion…
PeruPetro, the responsible government agency, has granted independent oil and gas exploration and production company Baron Oil to drill the Cuy-Z34-13-1X exploration well offshore of northwest Peru in Block Z-34. The well is planned to be drilled in 5764ft of water to a total depth of 12…
Huisman is set to deliver the first crane built and tested at their production facility in Navegantes, Santa Catarina state, in the south of Brazil. Image from Huisman. The 50…
FAR Ltd. says it has identified more than 1.5 billion bbl of undrilled oil prospectivity in its acreage offshore Senegal through the interpretation of new 3D seismic data. The Stena DRILLMAX is currently drilling the SNE-5 well…
BP awarded Petrofac a three-year extension to its existing contract in the North Sea. The contract, worth in the region of US$25million, was awarded following a competitive tender process. Under the agreement, Petrofac will continue to…
Norwegian riser analytics firm 4Subsea has won a contract for monitoring flexible risers for Statoil on the Snorre B facility in the Norwegian North Sea. The project involves automated integrity monitor systems for six flexible risers the semisubmersible Snorre B platform…
Wave power firm Ocean Power Technologies (OPT) has formed a strategic alliance with HAI Technologies, with an initial plan to work together on offshore oil and gas subsea chemical injection systems, where persistent power and real-time data communications are critical…
BW Offshore signed a farm-out deal to become operator of the Kudu license offshore Namibia with 56% stake. The company’s subsidiary BW Kudu will take over the license, with Namibian state-owned oil company National Petroleum Corp. of Namibia (NAMCOR) holding the remaining 44% interest…
Investment costs on the massive Johan Sverdrup development have been further reduced to US$11.64 billion, from $14.76 billion, when the plan for development and operation was submitted. Break-even costs on the project have also fallen to below $20/bbl for Phase 1…
The P-66 floating production, storage and offloading (FPSO) vessel is on its way to work on the Lula Sul field, in Brazil's Santos Basin, after being delivered by Keppel Offshore & Marine subsidiary Keppel FELS Brasil SA's BrasFELS shipyard…
Fractured basement reservoir explorer Hurricane Energy says its previous 300 MMbbl estimate for the Lancaster field, west of Shetland is conservative. The firm has completed technical analysis of the Lancaster, Lincoln and Warwick assets…
Reinvigorated following recent energy reforms, Mexico’s oil and gas industry will be on full display at the Petroleum Exhibition & Conference of Mexico (PECOM) in Villahermosa, Tabasco, this March. A…
Borets has named Obren Lekic as CEO of Borets US, located in Houston. Lekic. Image from Borets. With more than 20 years of experience in the oil and gas industry, Lekic will lead…
TechnipFMC awareded Agility Subsea Fabrication (ASF) a contract for the fabrication of one integrated subsea manifold system for the Visund North field in the Norwegian Sea. The scope of work is a copy version of an earlier delivered fast track project…
Subscribe
