An energy industry consortium set up to tackle the key challenge of enhancing oil recovery from reservoirs has started its mission by holding a kick off meeting to execute its plan of action. The €3.9 million project named OPTION – Optimizing…
Inpex subsidiary Teikoku Oil (North America) has acquired an additional stake in the deepwater Lucius field, located in the US Gulf of Mexico, the company announced on 9 July 2014. The Japanese explorer entered the Lucius partnership in 2012 after acquiring 7…
Continual expansion of unconventional oil and gas development seen over the next decade - most notably in the US, but also around the globe - will necessitate steadily increasing proppant sales over the next 10 years. In the US, proppant…
First production from an appraisal well has extended the southern limits of the high-pressure/high-temperature (HPHT) Jade gas condensate field in the UK Central North Sea, Houston-headquartered ConocoPhillips announced today. The Maersk…
Russia’s OAO Rosneft has filed a suit against the Gazprom-led Sakhalin Energy consortium to obtain access to the Sakhalin-2 gas pipeline, RIA Novosti reported 7 July. Rosneft is developing a 5mtpa LNG terminal with ExxonMobil in the Far East that was scheduled to launch 2018…
Brazilian independent OGPar (Óleo e Gás Participações SA), formerly known as OGX, started production on the third well in the Tubarão Martelo field, 58mi off Rio de Janiero, the company announced on 3 July 2014. The well, TBMT-2HP, is located in the field…
McDermott International has completed Ayatsil-B, one of Pemex’s four drilling platforms for use in the Mexican national’s Ayatsil-Tekel heavy oil field. The Houston-based company provided engineering, procurement, fabrication, pre-commissioning…
Mexican national Pemex will pump an additional US$6 billion into its beleaguered Cantarell oilfield to maintain its current production levels, Reuters has reported. The heavy oilfield, located about 80km off Ciudad del Carmen in the Bay of Campeche…
PEMEX's Cantarell Administrator, Miguel Ángel Lozada Aguilar, said yesterday that the company will invest $6 billion in 2017 in order to maintain current production levels at the Cantarell field over the next decade, according to Reuters…
On the 14-16 October, the 5th biennial edition of SPE Russian Oil & Gas, Exploration and Production Technical Conference and Exhibition will be taking place at the All-Russian Exhibition Center in Moscow. The organizers are expecting a total…
Tullow Oil shares this video on their exploration projects offshore Ghana, including the Tweneboa, Enyenra and Ntomme (TEN) project, which the company says is on track for first oil by mid-2016. Read more on Tullow's TEN development…
Can social networking help increase production and improve operations? Yes, in a word. But, it is not quite as simple as that. Social networks, for a start, are not limited to, or defined by, the platforms most of us hear about daily—Facebook…
Laffayete, Louisiana-based Stone Energy agreed to sell its non-core Gulf of Mexico conventional shelf properties to Talos Energy Offshore for US$200 million in cash and $117 million in future undiscounted liabilities, the company announced on 30 June 2014…
Statoil announced further delay in developing the Johan Castberg project, postponing final concept selection on the Barents Sea project until 2015. “Unfortunately, the exploration campaign has proven less new oil resources in the Castberg area than expected…
Premier Oil has sold interest in six Central North Sea offshore licenses to Hungary’s MOL Group for US$130 million, the duo announced on 30 June 2014. The sale includes non-operated equity stakes in the Nexen-operated Scott (21.84%), Rochelle (15%) and Telford (1…