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US Gulf: Infrastructure-led Exploration

12 hours ago

2019 has seen greenfield prospects in the US Gulf of Mexico return to the forefront of upstream planning. Chevron is pursuing the 20,000 psi Anchor project while Shell intends to replicate the Vito semi-sub to develop its Whale discovery. Meanwhile, BP continues to make progress on its Argos (Mad Dog Phase 2) development and is tracking for first oil in 2021.These projects represent significant opportunities for the international supply chain – fabrication yards…

New 'Rig Baby' Takes Shape

Dec 05, 2019

Norwegian rig and shipping magnate John Fredriksen is pooling harsh environment rig assets and putting his money into new venture, Northern Ocean Ltd., now a business of Seadrill subsidiary, Northern Drilling.Fredriksen’s investment vehicle…

Bowleven Pushes Ahead With Etinde Despite Losses

Dec 04, 2019

Africa-focused oil and gas explorer Bowleven Plc has vowed to soldier on with its planned monetization of the offshore Etinde field in Cameroon despite the company posting further losses in the last financial year.Bowleven said last week it…

Offshore Wind Finance Blows into Oil and Gas

Dec 02, 2019

The years-old trend that has seen offshore suppliers vie for work in wind by leveraging their offshore oil and gas credentials and development finance is being countered these days by wind players in search of oil and gas jobs, judging by some recent fleet owner moves…

Spike in Floater Orders, as Demands Ease

Nov 28, 2019

For a range of reasons not all related to costs, offshore operators have stated their preference for floating production with a recent slew of orders, a report by dedicated floating production watchers said this week.The world’s floating production…

ONE-Dyas Rights in Gabon Extended

Nov 27, 2019

Oil and gas company, ONE-Dyas, a joint venture between Oranje-Nassau Energie B.V. (ONE) and SHV Holdings that owns Dyas, has its quest for an extension of its upstream investment programme offshore Gabon approved for its offshore Kowe project…

PetroRio Steadily Growing with Mature Fields

Nov 27, 2019

PetroRio, a Brazilian independent oil company specialized in revitalizing mature oil fields, has excelled at using cutting edge recovery technology, and applying an efficient program of reservoir management to pinpoint mature fields with potential to increase recovery…

UKCS Decommissioning Rising

Nov 26, 2019

Decommissioning activity in the UK North Sea in 2019 has seen a significant ramp up, with 23 projects approved in the basin so far this year, and another eight likely to come.But, while costs continue to fall, more still needs to be done to reduce spending…

November: Month of Wind and Climate

Nov 26, 2019

You might remember the Paris Climate Agreement entered into force in November 2016, and each country’s “green transition” experts on November 25, 2019, began preparing for the UN Climate Change Conference on December 2, 2019.Solar powerhouse…

Chase the Right Metrics for Better Production Results

Nov 24, 2019

Oil and gas companies track and incentivize a variety of metrics, but these actions can inadvertently lead to lower production levels and affect lifting costs.If there’s an incentive for fast drilling instead of precisely placed wellbores that maximize contact with sweet spots…

ABB Showcases World-first Subsea Power System

Nov 22, 2019

Revolutionary technology proven to operate successfully in 3,000-hour shallow-water testSwiss-Swedish multinational electrical engineering and global power systems technology specialist ABB has announced the commercial availability of its groundbreaking…

Oil Price Adds to Drill Mix

Nov 21, 2019

With the oil price tracking a course that’s keeping nearly every oilfield viable, operators in the second half of 2019 are drilling a bevy of exploration and production wells that’s just lifting rig futures.Paradoxically, oil companies drill…

In Namibia, Eco Atlantic Plots Journey Ahead

Nov 21, 2019

Oil and gas exploration and production company Eco Atlantic appears determined to make a breakthrough in its underexplored Namibian offshore assets after preliminary works in preparation for a deep dive it expects to take in the four offshore permits as early as October next year…

Angola Lifting All Boats

Nov 19, 2019

Suppliers of drilling and subsea services and equipment may already be feeling the partial lift offered by West African nation Angola clearing offshore investment bottlenecks.On Monday, Bergen-based subsea cable layer, Oceanteam, announced its vessel…

Digital Technologies Driving Reserves Numbers Up

Nov 15, 2019

Operators have traditionally grown their resources and reserves through acquisition, exploration and producing more from an already-discovered field. Now, digital technologies are helping operators increase reserves.Wood Mackenzie research director…

Current News

US Gulf: Infrastructure-led Exploration

US Gulf: Infrastructure-led Exploration

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DeepOcean Wins IMR Work from Equnior

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Zentech, WW Industries Partner

Zentech, WW Industries Partner

Saudi Aramco Sets Record $25.6 Bln IPO

Saudi Aramco Sets Record $25.6 Bln IPO

Timeline: Saudi Aramco's Winding Road to IPO

Timeline: Saudi Aramco's Winding Road to IPO

Petrobras CEO Says Too Early to Make Carbon Commitment

Petrobras CEO Says Too Early to Make Carbon Commitment

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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