BP Egypt today (1 October) announced the start of drilling the Atoll-1 well offshore Egypt. The deepwater exploration well is the second exploration well in the North Demietta Offshore concession after the Salamat-1 significant discovery announced by BP in 2013…
The fifth biennial Society of Petroleum Engineers (SPE) Russian Oil and Gas (ROG) Exploration and Production Technical Conference and Exhibition is set to focus on sustaining production levels by challenging the limits with technology. This year’s conference…
Norwegian exploration and production firm Noreco is facing uncertainty after its chairman resigned with immediate effect as the firm deals with significant write-downs on reserves at key production assets. Noreco says, according to updated reservoir modeling by operator Dong Energy…
UK-based engineering and project management firm Atkins has acquired Houston-based Houston Offshore Engineering (HOE) for US$73 million (approximately £45 million). HOE has specialist experience in the design of offshore deepwater floating…
According to a study published this month by US-based research and marketing company Markets and Markets, the maritime security industry will be worth around US$20 billion by 2019. The major drivers behind the exponential increase of…
In July, total US exports of crude oil and petroleum liquids reached 138,838 thousand bbl, a 57-year high, according to monthly export data released by the US Energy Information Administration. The bulk of this, 89,241 thousand bbl (64…
The test frame for Allseas’ mega-vessel Pieter Schelte arrived at BOW Terminal in Vlissingen. The En Avant 20 tugging the test frame. From Muller. Volker Staal en Funderingen (VSF) awarded…
Mexico’s Petróleos Mexicanos (Pemex) has signed agreements with Malaysia’s Petroliam Nasional Berhad (Petronas) and with Argentina’s YPF, to take advantage of new opportunities opening through Mexican energy reform. Heads of the three national oil companies met last week in Cancún…
The importance of technological innovation in the oil and gas industry has risen over the past two years, according to a survey by Lloyd's Register Energy. Image from Lloyd's Register Lloyd's Register surveyed operators in America…
Enagás has joined the Trans Adriatic Pipeline (TAP) project as a new shareholder with a 16% stake in the company known as Trans Adriatic Pipeline AG. The company also announced that existing shareholder Fluxys increased its stake in TAP from 16% to 19%…
Inspection, maintenance and repair company N-Sea recently completed its inaugural diving scope with the TUP Diving System(Transfer Under Pressure). The TUP Diving System Image: N-Sea The…
Houston-based AFGlobal completed its integration of VerdErg Connectors, a customized subsea pipeline and control connection after acquiring the UK-based company in late June 2014. AFGlobal subsea…
The partnership behind the Leviathan field off Israel has submitted a US$6.5 billion initial development plan to the country’s Ministry of National Infrastructures, Energy and Water Resources, Reuters has reported. Located around 130km from Israel’s coast in around 1600m of water…
FoundOcean and Ranger Offshore Inc. signed a strategic agreement this month, formalizing a relationship that has previously developed between the two companies. FoundOcean, Ranger Offshore combine…
A joint industry project on jacking system maintenance and inspection has resulted in a new DNV GL Recommended Practice. This provides guidance to ensure the correct and safe functioning of rack and pinion style jacking systems. The objective is to reduce the risk of gear failure…
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