New year, new focus. OE asked, “What are the main technology trends for your sector this year?” In 2014, we expect to see an emphasis on automation and control systems to enhance rig efficiency and safety. Multi…
Ophir Energy has said the Mlinzi Mbali-1 well offshore Tanzania has not found commercial hydrocarbons, but will offer 'crucial information' about Block 7, off the east African coast. The well was the first well drilled on Block 7. It…
Norwegian exploration firm Rocksource has agreed a farm-out deal with Atlantic Petroleum Norge and announced a deal for a European oil firm to buy electromagnetic data and use its software. The farm-out is an option deal with Atlantic Petroleum…
Statoil has made a gas discovery in the Askja West prospect and an oil discovery at the Askja East prospect in the Norwegian sector of the North Sea. The exploration wells, 30/11-9-S and 30/11-9-A, were drilled using the Ocean Vanguard semisubmersible…
The Egyptian General Petroleum Corporation (EGPC) has launched a new bid round for exploration licenses in the Gulf of Suez. Fifteen blocks, five in the Gulf of Suez and 10 in the Western Desert sedimentary basins, will be available, with licenses to be agreedon a production sharing model…
Petrobras' partners in the BC-10 development, also known as Parque das Conchas, have finalized a buyout worth approximately US$1.6 billion for the Brazilian national's 35% interest in the project. Shell will pay $1 billion for its additional 23% interest…
FMC Technologies, Inc. has signed an agreement with Statoil for the manufacture and supply of a workover system (WOS) to be installed on the Snorre B platform. The award has an approximate value of US$114 million. The new WOS will replace…
Preparations for Europe’s leading annual subsea conference and exhibition are well underway with up to 5000 delegates expected to attend from across the globe, reaffirming the world-leading status of the British subsea supply chain. Subsea…
Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has signed a bareboat charter contract with EnQuest for a floating production, storage and offloading vessel (FPSO) to be deployed at the Kraken field in the UK North Sea…
Astrakhan’s Krasnye Barrikady shipyard has started constructing the living quarter platform (LQP-2) for the second stage of Vladimir Filanovsky field developed by LUKOIL in the Russian sector of the Caspian Sea. The shipyard will construct two bearing blocks…
Wood Group ODL has won a five year, multi-million pound contract to provide document control and information management services to BP's North Sea business. The contract was awarded through a competitive tender process and is effective January 2014…
A semisubmersible drilling rig under construction at a yard in Korea is resting on the seabed after water entered the pontoon hull and the unit sank. The rig, Deepsea Aberdeen, is being built for Odfjell Drilling at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in Korea…
A consortium led by Chevron has been awarded exploration licenses covering two blocks offshore north-east Greenland. Consortia led by Statoil and ENI were also awarded licenses, covering one block each, also off north-eastern Greendland…
Magnolia LNG, a wholly-owned subsidiary of Australia’s Liquefied Natural Gas Limited (LNGL) recently announced two advancements in the development of its 8mtpa-capacity, mid-scale liquefied natural gas (LNG) facility. Magnolia announced Dec…
Lime Petroleum PLC subsidiary Masirah Oil Limited has halted drilling in exploration well Masirah North North #1 (MNN #1) for safety reasons. MNN #1 was drilled to a depth of approximately 1000m before mud losses in two carbonate sections…