Mexican state oil company, Petróleos Mexicanos (PEMEX) is being forced to decrease its budget by US$4 billion, representing an 11.5% decrease from last year, in order to maintain financial balance due to falling oil prices. Image of Lozoya…
Sterling Energy's Cameroon subsidiary has agreed a deal which will see it take over Murphy Cameroon Ntem Oil Co.'s 50% stake in the Ntem Concession, offshore Cameroon. The move will mean Sterling now has 100% interest in the Ntem Concession…
Transocean last night said its CEO and president of nearly five years Steven Newman is to stand down today (16 February). Newman. From Transocean's Beacon Mag. The international rig owner and operator…
Weatherford provides a video illustration of managed pressure drilling (MPD) rig integration, and adjustment to the drilling industry’s technology to address operational obstacles of today’s deepwater projects. Weatherford and Petrobras…
With the discovery of deepwater pre-salt reservoirs offshore Brazil, national operator Petrobras began complex drilling operations to uncork the massive hydrocarbon reserves under these salt layers, which acted as seals, preventing the oil and gas from escaping…
Deepwater pipelay on the 889km-long gas export pipeline (GEP) for INPEX' Ichthys LNG Project has started offshore Australia. Saipem’s deepwater installation vessel Castorone will lay the remaining 718km offshore section of the 42in. diameter…
Petrobras has made a new heavy oil discovery in concession BM-C-35 (exploratory block C-M-535), in the Campos Basin post-salt layer. The discovery was made while drilling well 1-BRSA-1289-RJS (ANP nomenclature) / 1-RJS-737 (Petrobras nomenclature)…
A unique and long-awaited sight arrived at one of Europe’s busiest ports early January - Allseas’ 382m-long, 124m-wide platform installation/decommissioning and pipelay mega-vessel Pieter Schelte. KOTUG…
Aquatic Engineering & Construction is due to launch a new 120-tonne tensioner in 2015. David Tibbetts, VP Technology, spoke with OE about the methodology behind its design. Two tensioners from…
Heerema Marine Contractor’s new multi-purpose construction vessel Aegir completed its first job in the Gulf of Mexico. Meg Chesshyre reports. Aegir. Images from Heerema Marine Contractors. The…
Aqualis ASA and Tristein AS have merged into Aqualis Offshore AS. Aqualis ASA acquired Norwegian company Tristein AS in April 2014. Tristein has since operated as a stand-alone entity as part of the Aqualis Group. Now the company is…
Petróleo Brasileiro S.A. – Petrobras confirmed a light oil and gas discovery by at the third extension well in the ultra deepwaters of Sergipe basin’s Farfan area, off Brazil. Farfan map. From Petrobras…
As a result of recent offshore successes in Mozambique and Tanzania, the entire East Africa margin currently has the attention of the world’s new ventures teams, explorers and gas (LNG) buyers. What might happen next in this new hydrocarbon province…
Over supply of oil, diminishing returns and an increasing rig fleet will challenge rig operators in 2015. Rystad Energy’s Joachim Bjørni and Oddmund Føre look for a ray of light. Graphs from Rystad. Throughout 2014…
President Obama’s fiscal year 2016 budget request for the Bureau of Safety and Environmental Enforcement (BSEE) is US$204.7 million, providing robust support that will enable BSEE to keep pace with industry activity and the technology developments…
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