Oil and gas exploration and production programs in West African states are under increasing risk due to the failure to contain the Ebola virus, potentially depriving the region’s economy of millions of dollars a day, according to an analyst with research and consulting firm GlobalData…
In Shell’s latest video, the supermajor shows how Cardamom is extending the life of Auger to provide as many as 50,000 more boe/d, increasing Auger’s production capacity to 130,000boe/d. OE reported earlier this week of Shell beginning…
Rosneft and PetroVietnam announced they will set up a joint venture to develop two oil field blocks in the Pechora Sea in Russia’s Arctic, Reuters reported on 5 September 2014. According to the report, Rosneft will hold 66.67% interest in the JV…
Shell started production from its Cardamom subsea oil and gas field located in the Gulf of Mexico. The Cardamom system is tied back to Shell's Auger tension leg platform (TLP), marking the seventh subsea development to come onstream through the platform since first oil was achieved in 1994…
Rosneft began production from the northern tip of the Chayvo field, located off northern Sakhalin Island. Rosneft President Igor Sechin said that Chayvo will produce about 1.5 million tons of oil annually, with the northern tip of the…
Mubadala Petroleum began drilling operations at the Manora oil development in the Northern Gulf Thailand, reported joint venture partner Tap Oil Ltd. The Atwood Orca jackup did the honors of spudding MNA-02, the first of 15 planned development wells…
Downer EDI Ltd. secured a contract on the Chevron-operated Gorgon project, located on Barrow Island off the northwest coast of Western Australia. The US$170 million contract is for an initial term of 12 months, with extension options…
Aker Solutions and Baker Hughes Inc. received necessary regulatory approvals for the Subsea Production Alliance announced in April 2014. The two companies agreed to form the alliance a few months ago develop technology for production solutions designed to boost output…
Statoil’s Martin prospect located in Mississippi Canyon block 718 in the US Gulf of Mexico (GOM) has been plugged and abandoned. Statoil said while a discovery was made, it was non-commercial. Statoil says the Maersk Developer semisubmersible rig…
Suncor Energy resumed production at the Terra Nova oil field, located approximately 350km southeast of St. John’s, Newfoundland, Canada, the company reported on 3 September 2014. Production resumed following planned maintenance on the field’s FPSO facility…
Vard Holdings Ltd. awarded Houston-based Forum Energy Technologies (FET) a contract for eight remotely operated vehicles (ROV) systems. FET will supply eight Perry XLX 150HP work-class ROVs that will be mobilized on four new-build pipeline…
Statoil’s executive VP of development and production discusses the importance of ONS 2014 and Statoil’s presence and projects. At ONS, Statoil called on the industry to develop a Lego-approach to bring standard parts together as building blocks for projects…
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…
Honeywell Process Solutions announced the release of Digital Suites for oil and gas, an innovative set of software and comprehensive services that can help oil and gas producers boost production performance by 3 to 5% while improving operational safety…
Former Centrica Energy Upstream managing director Jonathan Roger is to lead a new North Sea oil and gas exploration company backed by Blue Water Energy and Blackstone Energy Partners. Blue Water Energy and Blackstone Energy Partners…