President Barack Obama, photo by Pete SouzaCalling energy ‘a big winner,' U.S. energy industry advocates API congratulated President Barack Obama on his re-election in an announcement on 7 November 2012.API president Jack Gerard said the…
AGR announced it will coordinate a multi-well, multi-client drilling campaign on behalf of four international operators. The expected revenue from AGR engagement is $22 million (NOK 130 million).The company will provide well project management and operational support on behalf of RWE Dea Norge AS…
A pilot project between Grundfos and Danish shipping operator Lauritzen Bulkers shows that better technology and a sharp focus on pump efficiency can mean big savings on the bottom line.The project, carried out on the 19,889-ton Durban Bulker…
In Warsaw, a working meeting was held between Deputy Chairman of Gazprom's Management Committee Alexander Medvedev and President of the Management Board of PGNiG SA Grażyna Piotrowska-Oliwa. The meeting resulted in an agreement to adjust prices in the natural gas supply contract to Poland…
The oil & gas industry is no stranger to water injection and waterflood methods to increase recovery. One operating company is working out details on how to tailor the water used in waterflooding techniques to boost offshore recovery rates. Jennifer…
Map of Beibu Gulf Roc Oil has struck multiple hydrocarbon pays in the Weizhou formation in the Beibu Gulf offshore southern China, the Australian explorer announced on 5 November 2012.The WZ6-12-A6 deviated step-out exploration well reached a total depth of 2…
WilPhoenix rig Premier Oil has plugged and abandoned its UK North Sea prospect Spaniards East after the well came up dry, the company announced on 6 November 2012.The well was spud by the WilPhoenix rig in mid-October and drilled to a total depth of 10…
Map of offshore block KG-DWN-2004/6 Inpex will return to India for the first time since 2008 after acquiring 26% interest in Oil and Natural Gas Corp (ONGC)'s deepwater play in the Bay of Bengal, the company announced on 5 November 2012…
Oil & Gas UK and Decom North Sea held a sell-out Offshore Decommissioning Conference in Dunblane, Scotland, in October. Meg Chesshyre listened in.Sponsored by Aker Solutions and Wood Group Engineering (North Sea) and delivered in association with the UK’s Industry Technology Facilitator (ITF)…
Toisa PolarisBibby Offshore has purchased the dive support vessel Toisa Polaris, the Aberdeen-based company announced on 2 November 2012. Bibby said the move will provide as many as 60 North Sea jobs. ‘We are forecasting an increasing level of work in the region over the next year…
Noble Jim Day Murphy Oil has encountered oil shows at its Dalmatian South exploratory well DC 134-1 in the U.S. Gulf of Mexico, partner Ecopetrol announced on 1 November 2012.The Colombian NOC said the discovery was confirmed by electric…
Faroe's P1161 license Poor quality oil and small resource sizes are to blame for Faroe Petroleum opting to return its 50%-operated P1161 license in the West of Shetland area, the company announced on 2 November 2012.Faroe CEO Graham Stewart said the P1161 license…
Burdened by high drilling costs, lower success rates and smaller discoveries relative to other regions, not to mention post-Macondo regulatory changes, the deepwater Gulf of Mexico will nevertheless draw $70 billion in investment over the next two decades…
Some notable heavy oil projects offshore Brazil are entering advanced phases to increase or maintain production. Russell McCulley reports from Rio de Janeiro on the latest developments at three Campos Basin fields – Statoil’s Peregrino, Petrobras’…
As offshore operators get into deeper waters and develop more mature oil & gas fields using more complex well architectures, continuous downhole injection of chemicals is increasingly required to manage challenges such as scale formation or asphaltene precipitation within the wellbore…