It is 20 years since the start of oil production from the Troll field. The 20 year-old can look back on enormous wealth, with 1.56 billion bbl produced so far and US$53.76 billion (NOK 460 billion) in income. Image from Statoil…
The National Oil Corp. of Kenya (NOCK) has invited expressions of interest (EOI) from eligible companies to acquire a multi-client 3D broadband seismic survey including processing over the shallow waters of the offshore Lamu basin, Kenya…
Statoil is cutting costs by more than US$1 billion (NOK 9 billion) for the first phase of its giant Johan Sverdrup development in the North Sea, partner Det Norske said. Illustration of Johan Sverdrup…
FMC Technologies has received an award from Shell Offshore, Inc. (Shell) for its Appomattox deepwater development in the Gulf of Mexico. FMC Technologies will provide enhanced vertical deepwater trees, subsea manifolds, topside controls…
Italian explorer Eni is set to spud its deepwater Gulf of Mexico Vernaccia exploration well in early October, according to partner Louisiana-based Stone Energy. The Vernaccia prospect, in Mississippi Canyon Block 35, will target the Miocene interval in a four-way structure…
Global rig provider Transocean is the latest to be named in the Petroleo Brasileiro SA (Petrobras) corruption scandal Lava Jato, after a Petrobras former executive testified to receiving payments from a Transocean representative. The Sedco Express…
Oil services giant Schlumberger is pulling the plug on its proposed US$1.7 billion acquisition of Russian drilling contractor Eurasia Drilling Co. (EDC) to focus on other merger and acquisition (M&A) opportunities. The…
Maersk Training, with Oiltec Solutions, and eDrilling, have made training available on the advanced drilling and engineering simulator, wellSim hiDRILL, in Maersk Training’s new training facility in Houston, TX when the center opens in November 2015…
Sustained low oil prices could lead to a long-term drop in upstream oil and natural gas investment, according to a new report by the US Energy Information Administration. “Given the fall in oil prices that began in mid-2014 and the relationship between oil prices and upstream investment…
Primeline Energy Holdings spudded the LS23-1-1 exploration well on 23 September to tap into resources near its LS36-1 gas field production facility, in the East China Sea. Images from Primeline Energy…
Independent Oil & Gas (IOG) has made significant progress towards drilling the Skipper well in the Northern North Sea, located in Block 9/21a, in license P1609. Image from IOG. Alpha…
Wood Group has been awarded a contract with Marine Well Containment Co. (MWCC) to provide an operator training simulator; supporting training for containment in the event of a deepwater well control incident in the Gulf of Mexico. Image from MWCC…
Electromagnetic Geoservices ASA (EMGS) signed a multi-client acquisition agreement with the Directorate General of Hydrocarbons (DGH) in India. The agreement grants EMGS a two-year permit to acquire 3D EM multi-client data within a 325,000sq km area off West coast India…
All four phases of CGG’s BandaSeis 2D BroadSeis multi-client program targeting the Banda Arc around East Indonesia and Timor Leste have now been fully processed and are ready for delivery. BandaSeis data coverage…
Tidal energy firm Atlantis Resources announced the laying of four subsea cables for its MeyGen project in Scotland's Pentland Firth have been completed. Loading in Hartlepool. Image from Atlantis…
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