Houston-based Energy XXI is set to become the largest public independent producer on the Gulf of Mexico shelf after its acquisition of EPL Oil & Gas for US$1.53 billion. Upon completion of the merger, EnergyXXI projects the company will be worth about $6 billion…
Wrench time has been highlighted as one of the key areas the UK offshore oil and gas industry needs to address to improve production efficiency levels. Average wrench time - the amount of time spent working on a mechanical project, either…
Targeted maintenace could boost UK North Sewa production by 10%, equating to US$18 billion in annual revenue, suggests Alan D'Ambrogio, ABB Consulrung's vice president, oil and gas. Meg Chesshyre reports. In 2013, the industry invested £13…
Total Chairman and CEO Christophe de Margerie (pictured) used his IHS CERAWeek keynote to encourage the oil industry audience to change the way oil and gas companies manage their assets. De Margerie discussed how the industry cannot tolerate rising capital expenditures…
Oil and gas chemical monitoring firm LUX Assure is to present a new produced water monitoring technology at the ITF Technology Showcase in Aberdeen this week. MOTEYE has been developed to monitor produced water being used for reinjection…
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Tullow Oil Norge for well 31/2-21 S, cf. Section 8 of the Resource Management Regulations. Well 31/2-21 S will be drilled from the Borgland Dolphin drilling facility in position 60° 58'16…
Singapore-based KrisEnergy Ltd. has added an operatorship offshore Indonesia, and also announced it will not acquire the G3/48 exploration licence in the Gulf of Thailand. KrisEnergy announced in January that it had been seeking a 60%…
On 20 Feb, oil production in fields operated by Petrobras in the Santos and Campos Basin pre-salt accumulations rose to 407,000bpd, a record daily output. It has taken eight years to achieve this level of output since initial discovery in 2006…
Energy production technology services company Proserv has bought KRG Industries Ltd from majority shareholder Torishima Pump Mfg. Co. Ltd, (Torishima) in Japan. KRG provides precision engineering services to the oil and gas and aerospace and defense industries…
GDF SUEZ announced that the Amstel field oil production has started from its newly installed Q13a-A production platform off the Dutch coast. After the acquisition of 50% into the Q13a offshore production license in 2010, GDF SUEZ Dutch…
Results of the first well drilled in the Atlanta post-salt oil field off Brazil were better than operator Queiroz Galvão Exploração e Produção (QGEP) and its partners anticipated, according to an announcement the Brazilian company made Wednesday…
A closer look at the integration and delivery of first oil in Mars B through the Olympus tension-leg platform.
Waves of progress. With several mega projects underway, OE asked: Can floating LNG be done economically on a smaller scale? The obvious answer is that we believe so, but it depends on the application. Wison Offshore & Marine sees smallerscale…
During Q4 2013, Iona produced on average 3280 boe/d as Huntington ramp-up continued to increase following the previously announced curtailment of production by the operator of the Central Area Transmission System from mid-September to late November 2013…
The North Sea Enoch oil field is due back on stream in early 2014, following restoration work on a new subsea tree and production testing. The Enoch field is on the border between the Norwegian and UK continental shelf, inBlock 15/5,in the southern part of the North Sea…