Norway’s state oil firm Petoro has said it wants to double the number of wells on the Norwegian Continental Shelf and halve their cost in order to realize the great potential of discoveries and existing fields in the Norwegian State’s Direct Financial Interest (SDFI) portfolio…
NCS Subsea, GeoTrace and SpecPartners set the start date for a multiphase, large scale project called SAFE-BAND. Acquisition is to begin 1 June 2014. NCS Subsea said it will be the first multi-client geohazard survey on a regional scale utilizing ultra-high resolution 3D seismic (UHR3D)…
CDI Energy Products recently announced the official release of its updated OptiSeal design guide for spring-energized sealing solutions at OTC in Houston, Texas. The 23 page, full-color design guide aids in the design and configuration of OptiSeal systems…
Apache Corporation's Gulf of Mexico subsidiary is to sell its non-operated interests in the Lucius and Heidelberg development projects and 11 primary term deepwater exploration blocks to a subsidiary of Freeport-McMoRan Copper & Gold for US$1…
DNV GL has launched a JIP to assess how hybrid power concepts used in the maritime industry could be used in the offshore oil and gas sector. Hybrid power concepts use batteries in combination with traditional power generation equipment…
Norwegian mooring solutions and services firm Deep Sea Mooring (DSM) is backing a new, specialist business dedicated to subsea installation solutions. Deep Sea Installation (DSI), which will initially focus on the floating production, storage and offloading vessel segment…
GE Oil & Gas has unveiled its next-generation blowout preventer (BOP) program aimed at making 20,000psi (20ksi) subsea formations the next frontier in offshore oil and gas exploration. Current GE subsea BOPs are only rated for 15ksi. However…
TGS and Electromagnetic Geoservices (EMGS) have agreed to further expand the companies' previous cooperation agreement in the Barents Sea. TGS will partner with EMGS to acquire electromagnetic (EM) data over four additional blocks in…
Milton Roy, manufacturer of controlled volume pumps, and a brand of Accudyne Industries, is launching the industry’s most powerful API 675 pump yet, Primeroyal X, during OTC this year. The addition of the Primeroyal X pump to the company’s…
Statoil has started its latest Gulf of Mexico exploration campaign with a well on Martin, a high-impact prospect, started on 20 April. The Martin prospect is in about 2916ft (890m) water depth in Mississippi Canyon 718, in the Greater Mars basin…
Brazil's Petrobras has awarded Saipem an EPCI contract for the Lula Norte, Lula Sul and Lula Extremo Sul Project, to be developed in the Santos Basin Pre-Salt region, about 300km off the coasts of the Rio de Janeiro and São Paulo States. The work scope includes engineering…
The US Energy Information Administration (EIA) estimates US total crude oil production averaged 8.3MM bbl/d in April—making it the highest monthly average production since March 1988. US total crude oil production, which averaged 7.4MM bbl/d in 2013…
The latest exploration well offshore Morocco has been plugged and abandoned after failing to find commercial hydrocarbons. The FA-1 well in the Foum Assaka offshore block was drilled by Kosmos Energy to a total depth of 3830m. The well…
Houston-based drilling rig operator Atwood Oceanics has been awarded a drilling services contract by BHP Billiton Petroleum for the semisubmersible rig Atwood Falcon. The contract is for 330 days and the work will be performed offshore Australia at a US$430…
Subsea and offshore solutions provider Unique Maritime Group has made a move into offshore containers by agreeing to form a joint venture with OEG Offshore (OEG), to offer the rental and sale of offshore equipment in the Middle East. The new joint venture company…
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