Polymer steel composite repairs are becoming a popular solution for worn out plates in the growing floating production vessel fleet. Elaine Maslin reports. The FPF3 on station. Images from Intelligent Engineering…
Nigerian-based South Atlantic Petroleum (Sapetro) and Houston-based Hyperdynamics have agreed to a farmout, allowing Sapetro to pick up 50% participating interest in the production sharing contract covering the deepwater Fatala turbidite fan prospect…
FAR has signed a two-year area of mutual interest (AMI) agreement with CNOOC UK for licenses offshore Senegal and The Gambia. FAR, CNOOC AIM map. Image from FAR. The AMI will see FAR and CNOOC UK partner in evaluating…
Nido Petroleum started drilling at the Galoc-7 appraisal well, off The Philippines. The Deepsea Metro I. Image from Odfjell Drilling. The Deepsea Metro I recently set sail from Malaysia for the project…
James Fisher Marine Services (JFMS) has acquired the operations and assets of Insight Marine Projects Ltd., a specialist survey company headquartered in Cornwall, that will be rebranded this year to form the subsea surveying division of marine projects at JFMS…
Eni's Goliat reserves are set to increase by 1.2 MMcm or 7.5 MMbbl, following the approval to tie in the Snadd discovery in the Barents Sea, according to the Norwegian Petroleum Directorate (NPD). Two wells will be drilled from Goliat…
Aker BP has approved the redevelopment of Tambar in the southern North Sea that is expected to extend the production period by some 10 years. Image of Ula, from Aker BP. The plan consists of two additional wells and gas lift…
Petsec Energy is estimating first production at its Hummer oil and gas field in late Q3 2017. The company provided an update on the development of field, which extends over Main Pass Blocks 270, 273 and 274, in the Gulf of Mexico, offshore Louisiana…
Petrobras' Board of Directors approved the reelection of CEO Pedro Pullen Parente for a two-year term in the company’s executive office. Parente had been elected CEO as of May 31, 2016, following the term in office of the previous CEO…
The US Gulf of Mexico is leading the way to a leaner and more cost-competitive deepwater industry as it emerges from the downturn, with the most attractive projects now competing with US tight oil plays, according to Wood Mackenzie (WoodMac)…
Senior figures from Mexico’s national oil company Pemex have been discovering the secrets of the UK subsea sector’s success and how it has revolutionized the way in which hydrocarbons have been extracted from beneath the seabed during a fact-finding visit to Aberdeen…
Jacobs Engineering signed a contract with ONEgas to perform engineering services for the decomplexing of its K15-FA platform in the North Sea. The decomplexing process involves transitioning K15-FA to an unmanned platform without gas treatment installations…
ExxonMobil has confirmed a new discovery offshore Guyana at the Snoek well, as the supermajor continues its efforts in the area by drilling the Liza-4 well. Image from Exxon. Exxon encountered more than 82ft (25m) of high-quality…
Petróleo Brasileiro (Petrobras) has canceled its deal with Karoon Gas Australia for a stake sale in the Baúna and Tartaruga Verde oil fields offshore Brazil, however the Brazilian giant will continue its efforts to sell off its interest in the two fields…
Aker Solutions has agreed to acquire oil-services provider Reinertsen for nearly US$25million in a move to build on its position as a leading maintenance and modifications supplier offshore Norway. Image from Aker Solutions…
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