The Mediterranean and North African region is largely considered to be a promising frontier oil and gas area, and yet, border tensions, and internal disputes have seriously held back exploration efforts. Audrey Leon surveys the prospects…
ROV technology developers gave an update on their progress at the Subsea UK ROV Conference. Elaine Maslin reports on some progress, as well as where one operator thinks ROV and AUV technology could improve. Platform-based ROV being deployed…
Melanie Luthi, Sanna Zainoune, and Stephen Forrester, of NOV, discuss how streaming downhole data on a job in the Norwegian North Sea helped improve both the drilling process and decision making. The time-based log shows the annular pressure…
Heather Saucier speaks with Mark Randolph and Susan Gourvenec, professors at the University of Western Australia’s Centre for Offshore Foundation Systems, about deepwater geotechnical challenges, such as complex carbonates found off the coast of Australia…
Primeline Energy’s LS23-1-1 well showed little potential for commercial production, offshore China. The company will now continue with the exploration drilling program for the LS30-3-1. Image from Primeline…
US supermajor Chevron announced in its Q3 results that it expects to make further workforce reductions in the realm of 6000-7000 in an effort to cut costs. The company’s earnings this quarter were better than anticipated, according to analysts Simmons & Co…
Houston-based ConocoPhillips has made the strategic decision to drop out of its deepwater exploration program by 2017, despite a significant program that the company is executing in 2016. Ekofisk…
A UK Government funded project to acquire new seismic data over underexplored areas of the North Sea in a bid to boost exploration in the basin has completed. The £20 million program saw WesternGeco acquire 20,000km of new 2D seismic shot over 200…
Chemicals company INEOS has increased acquired the 25% interest in the Clipper South gas field, further increasing its ownership in North Sea fields. INEOS had announced earlier this month its acquisition of a portfolio of natural gas assets…
KBR has been awarded a detailed design engineering and follow-on services contract by SMOE, Singapore, for the topsides facilities for Maersk Oil's HPHT UK North Sea Culzean project. Specifically, KBR will deliver the living quarters…
Pacific Drilling announced that it has exercised its right to rescind the construction contract for ultra-deepwater drillship Pacific Zonda due to the failure by Samsung Heavy Industries (SHI) to timely deliver a vessel that substantially…
Following the success of its 2012 and 2014 bidding rounds, the Ministry of Mines, Industry and Energy of Equatorial Guinea has announced it will launch a new bidding round for all remaining deep and ultra-deepwater blocks in 2016. Two…
Retrieving an unreliable blowout preventer (BOP) is a necessary but expensive operation, costing upwards of US$1-2 million dollars. This cost can easily escalate in developing ultra deepwater regions such as Brazil, West Africa and Gulf of Mexico…
Brazil will lead global growth in the floating production, storage and offloading vessel (FPSO) industry despite the country’s national oil company, Petrobras, recently facing allegations of corruption, says research and consulting firm GlobalData…
Eni CEO Claudo Descalzi met with Israel’s Prime Minister Benjamin Netanyahu and Energy and Water Minister Yuval Steinitz in Jerusalem today (29 October) to discuss potential joint development of natural gas in the Eastern Mediterranean as…
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