Baker Hughes Inc. completed the acquisition of Weatherford’s pipeline and specialty services business for US$250 million. The total consideration includes $241 million in cash and $9 million in retained working capital. The purchase…
Inpex Corp. reached an agreement to transfer a 25% participating interest in the deepwater Block S offshore East Malaysia to Australia-based Santos. Block S is located in the Sabah basin and covers 574sq km with a water depth ranging from 200m to 1500m…
Alan Thorpe examines the latest pipelaying vessels debuting on the market. The Ceona Amazon leaving Cryst Shipyard in Poland. Photo from Ulstein. Two new pipelayers for…
Cabotage is trade or navigation in coastal waters and traditionally refers to shipping along coastal routes, transporting passengers or goods from port to port in the same country. Laws governing cabotage serve to protect local industries…
Baker Hughes has been developing completion technology and well control with Petrobras in deepwater ever since its first intelligent completion system contract in the early 2000s. Claudio Paschoa found out more. Baker…
Claudio Paschoa takes a look at Ceona’s vertical pipelay vessel, Polar Oynx, now serving Petrobras offshore Brazil. Polar Onyx in the Storfjord in Norway. Photo from Norsk Skipsfarts Forum. With…
Energy analysts Douglas-Westwood estimates in its World Floating Production Market Forecast that US$91 billion will be spent on FPSs during the period of 2013-2017. This marks a 100% increase over the previous five-year period, with the global CAPEX set to double…
SBM Offshore discusses some of the company’s developing technologies and how it is working toward unlocking reserves in the Gulf of Mexico. Exploration for fields further offshore and in deeper waters is leading to the development of more complex reservoirs…
China's Shanghai Ocean University (SHOU) has been building the program at its new Hadal Science and Technology Research Centre (HAST). The Hadal Zone is ultra deewater, 6000m-11,000m below the surface and includes deep trenches formed by tectonic subduction…
Oil samples have been recovered in the FAN-1 exploration well being drilled offshore Senegal, said partner in the project by FAR Ltd. The well is being drilled by Cairn Energy (operator), ConocoPhillips, Far and Petrosen - the Senegalese national oil company…
Carin Energy found oil samples in the FAN-1 exploration well offshore Senegal, according to joint venture partner, FAR Ltd. FAN-1 and SNE-1 in 3D seismic. From Far. FAR says elevated gas…
Shell made a gas discovery at the deepwater Majoram-1 well 180km off the Malaysia coast. The Marjoram-1 well is located in Block SK318, in 800m of water. Shell says the addition of new natural gas resources this year ensures the company is able to continue to provide cost-effective…
Lagos-based Star Deep Water Petroleum signed a contract extension for Pacific Drilling’s Pacific Bora. The Pacific Bora is currently drilling offshore Nigeria. The contract extension increases the drillship’s backlog by approximately US$439 million…
Schlumberger today launched the Quanta Geo photorealistic reservoir geology service at the Offshore Northern Seas Annual Conference and Exhibition (ONS). The new service includes the industry’s first microresistivity imager that produces oriented…
CNOOC Ltd. began production at its Wenchang 13-6 oilfield, offshore the Western South China Sea. The Wenchang 13-6 oilfield, located in the west of Pearl River Mouth basin has an average water depth of approximately 120m. The main…
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