ONGC Videsh Ltd. finalized a US$1 billion purchase of Hess Corp.'s 2.72% stake in the Azeri, Chirag, and Guneshli fields (ACG), and Hess' 2.36% stake in the associated Baku-Tbilisi-Ceyhan (BTC) pipeline, both companies announced the closing on April 1…
API Director of Standards David Miller announced today the publication of two new oil and natural gas industry standards for well design and drilling operations.“Every industry standard we develop shares the goal of safely and responsibly producing more of the energy America needs…
Production from the Tamar field offshore Israel started at the weekend, it has been reported.Tamar field (Image: Delek)The gas from the field 80km offshore Haifa was expected to reach Israel’s port city of Ashdod by yesterday afternoon, Israel's Energy and Water Ministry said…
IHC Winches, part of IHC Merwede, has officially presented its 50-tonne fibre rope traction winch, known as IDsis, to the Dutch and Belgian offshore markets. The presentation on 20 March was attended by a large group of lifting specialists,…
BC Petroleum spud the Spaoh2 well last month. It will target a total depth of 2710m subsea, is the third well in a multiwell appraisal drilling program in the Balai Cluster off east Malaysia.
Production has begun from BP and Sonangol’s PSVM development in block 31, off Angola. The PSVM development, BP’s second operated development in the country, consists of four oil fields: Plutão, Saturno,Vénus, and Marte. Three wells at the Plutão…
A consortium made up of Eni and Kogas has won three deepwater blocks during the Republic of Cyprus’s second offshore licensing round. The consortium walked away with blocks 2, 3, and 9 in the Cypriot deepwater portion of the Levantine Basin…
Chevron subsidiary Cabinda Gulf Oil will proceed with the second stage development of the Mafumeira Sul project located in block 0, 24km off Cabinda, Angola in 60m of water. Scope of the US$5.6 billion project includes 50 wells, two wellhead platforms…
Marine Well Containment Company (MWCC) and Wood Group PSN today announced the formation of an offshore reserve response team.Made up of 100 select reserve operations personnel, the team will be activated should MWCC’s modular capture vessels…
Dan Gualtieri Energy consultants Knowledge Reservoir named Dan Gualtieri vice president of production solutions in January. Gualtieri previously worked with Baker Hughes, Halliburton, Boots & Coots and Weatherford International, where he touched upon all aspects of the oil field…
Total, operator of the Moho-Bilondo license, announced the final investment decision and EPC contract awards for the Moho Nord development, consisting of the Moho-Bilondo Phase 1bis and Moho Nord projects. First oil is expected in 2015, with output reaching 140…
FMC Technologies, Inc. announced it has won multiple subsea contracts this week. Subsea tree (Image: FMC Technologies)The Houston-based equipment supplier said on March 21 that it won a $30 million subsea equipment order from LLOG Exploration Co…
Anadarko Petroleum Corp. encountered approximately 1,000 net feet of oil pay at its Shenandoah-2 well in deepwater Gulf of Mexico, the company announced on March 19, 2013.Ensco 8500 semisubmersible series (Image: Ensco) Anadarko discovered the…
BG Group today announced it had completed its appraisal programme in the Jodari field of Block 1 offshore Tanzania, with a drill stem test on the original natural gas discovery well confirming the excellent quality of the Tertiary reservoirThe drill stem test on the Jodari-1 well…
Statoil has signed a three year contract for the Stena Carron drillship for exploration drilling in the pre-salt blocks (Blocks 38 and 39) in the Kwanza basin in Angola.The agreement managed by Stena Drilling is for a three-year fixed term with start-up Q4 2013 / Q1 2014…
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