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…
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…
Alexey Miller, chairman of the Gazprom Management Committee and Nguyen Xuan Son, chairman of the PetroVietnam National Oil and Gas Group Board of Director met at Gazprom headquarters 3 September to address the joint development of hydrocarbon resources in Vietnam and Russia…
Dolphin Geophysical has been awarded an industry first ever 16 streamer 3D seismic contract for an undisclosed client in the Kara Sea. The contract has a duration of approximately three months and will start in Q2 2015. Dolphin will…
Polarcus says JSC Dalmorneftegeophysica (DMNG), which has a joint cooperation agreement with Polarcus, has entered into a contract for 3D marine seismic acquisition services for a major energy company offshore Sakhalin. The program, requiring two Polarcus A-Class vessels…
Viper Subsea won a multimillion-dollar contract to supply subsea hydraulic and electrical distribution equipment to an unnamed oil field in the Caspian Sea. The contract includes the design and supply of subsea equipment, in addition…
Rosneft, Seadrill Ltd. and North Atlantic Drilling Ltd. (NADL) entered into a framework agreement. The cooperation would see the Russian producer exchanging assets for shares in the Norwegian drilling company, which specializes in harsh environment operations…
Norway will award oil and gas licenses in new offshore areas, including in an important Arctic zone bordering Russia, in the first half of 2016, reported Reuters. The agency said Norway's oil and energy ministry, which asked companies…
Statoil and partner RN Nordic Oil, a Rosneft subsidiary, began exploration drilling on the Pingvin prospect in production license 713 in the Norwegian Barents Sea using the Transocean Spitsbergen semisubmersible drilling rig (pictured) in 422m water depth…
Finland's Arctech Helsinki Shipyard signed a contract to build three icebreaking stand-by vessels for Russia´s largest shipping company, Sovcomflot (SCF Group). The vessels will be built for the North East Sakhalin Offshore region oil…
ExxonMobil began exploratory drilling operations in the Kara Sea’s Universitetskaya structure in the East Prinovozemelskiy area on 9 August, defying Western-imposed sanctions against Russian state-owned Rosneft. Drilling on the Universitetskaya-1 well…
The living quarters platform (LQP-1) topside for the Vladimir Filanovsky field has arrived at its north Caspian Sea destination from Krasnye Barrikady shipyard in Russia’s Astrakhan region, the Russian Maritime Register of Shipping (RS) announced on 5 August…
Rosneft and North Atlantic Drilling Ltd. (NADL) executed multiple long-term offshore drilling contracts at the end of July, just before the newest round of European Union (EU) and US-issued sanctions were enacted. Rosneft committed to six offshore drilling units until 2022…
Secondary mechanical pressure barriers could help ease regulatory bodies’ concerns around effective zonal isolation in wells. The Cytadel ZX packer can be activated by dropping a magnetic signal carrier from the surface…
Sander Vergroesen, IRO’s managing director Dutch offshore suppliers are innovating to keep ahead, providing solutions in ever deeper and colder waters globally. IRO’s Sander Vergroesen spoke to Elaine Maslin…