Offshore oil and gas mega projects are increasing in scale and cost. Some 41% of ExxonMobil’s 2015 capital spending for projects under construction in 2015 is likely to be directed to one project alone. Neda Djahansouzi, Energy Researcher…
Australia’s Karoon Gas encountered oil in five separate zones in the Kangaroo-2 appraisal well in the Santos basin, offshore Brazil. Map of the five wells located in the Santos basin. From Karoon. Kangaroo…
Russia's Gazprom Neft and state-owned PetroVietnam have begun exclusive talks to potentially cooperate in the development of the Dolginskoye field, located about 75km off the Russian coast in the Pechora Sea. Gazprom Neft said in a statement…
Deep Casing Tools has signed a frame agreement with Statoil for the supply of Deep Casing Tools’ drillable casing and liner reamer technology, including its high-speed, drillable reaming system, the Turbocaser Express, already deployed by Statoil…
IntecSea Malaysia will help ONGC develop the KG-DWN-98/2 block in the Krishna Godavari (K-G) basin off the east coast of India. This comes after the announcement on 9 November that India's upstream oil regulator, the Directorate General of Hydrocarbons (DGH) in the Petroleum Ministry…
China National Offshore Oil Co. (CNOOC) has begun production from the Huizhou 25-8 oilfield and Xijiang 24-3 oilfield in the South China Sea, known as the Xijiang 24-1 District joint development project. Xijiang 24-3 facility…
Statoil is paying US$350 million to take a “time-out” in its Kwanza exploration drilling program offshore Angola. The Stena Carron. From Stena Drilling. The Norwegian giant decided…
Salamander Energy and Ophir Energy have agreed the proposed terms of a deal which would see Ophir takeover Salamander. The two companies say that the move had “compelling strategic logic,” including a strong balance sheet, enhanced operating…
Georgia-Pacific Chemicals introduces the new XPLOR line of dry emulsifiers that combine performance with operational benefits in terms of efficiency and total use costs. Image of XPLOR. From Georgia-Pacific Chemicals…
Drilling continues at Karoon Gas Australia’s Kanagroo-2 in the 12 ¼ in. hole section at a current depth of 1760m. The Olinda Star. From Karoon. The Kangaroo-2 appraisal well is located…
The board of directors for Mexico’s Petroleos Mexicanos (Pemex) approved a corporate restructuring plan that would see the company reorganize into two main units and five smaller subsidiaries. The national oil company said that the plan was…
A bid to boost exploration rates in the UK North Sea has seen the launch of two new initiatives, including a move to re-assess the potential of the central North Sea. The first is an industry-wide review, led by the Department of Energy and Climate Change (DECC)…
Cairn Energy has confirmed an oil find on the SNE-1 well offshore Senegal, but says a deeper target was dry. The SNE-1 well discovered oil in the upper clastic target, but no hydrocarbons were subsequently encountered in the deeper target…
Lundin Petroleum’s Kitabu-1 exploration well, in Blocks SB307/SB30, offshore Sabah, Malaysia, came up dry, the Swedish independent announced on 18 November. Lundin said that the primary reservoir interval contained poor quality siltstone…
CalEnergy’s Pryderi-1 well off Australia has come up dry and will be plugged and abandoned, according to joint venture partner IPB Petroleum. The Stena Clyde. From Stena Drilling. The…
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