Faroe's P1161 license Poor quality oil and small resource sizes are to blame for Faroe Petroleum opting to return its 50%-operated P1161 license in the West of Shetland area, the company announced on 2 November 2012.Faroe CEO Graham Stewart said the P1161 license…
Burdened by high drilling costs, lower success rates and smaller discoveries relative to other regions, not to mention post-Macondo regulatory changes, the deepwater Gulf of Mexico will nevertheless draw $70 billion in investment over the next two decades…
Some notable heavy oil projects offshore Brazil are entering advanced phases to increase or maintain production. Russell McCulley reports from Rio de Janeiro on the latest developments at three Campos Basin fields – Statoil’s Peregrino, Petrobras’…
As offshore operators get into deeper waters and develop more mature oil & gas fields using more complex well architectures, continuous downhole injection of chemicals is increasingly required to manage challenges such as scale formation or asphaltene precipitation within the wellbore…
Potentially game-changing research which seeks to unlock the potential of nanotechnology to help maximise production from oil wells and extend the life of mature fields is under way in the US under an ITF-funded laboratory-based particle research project…
To meet drilling challenges, such as hole sections with long steep inclinations and severe doglegs, the keystone of a new drilling campaign offshore Thailand includes use of rotary steerable systems instead of the downhole motors traditionally used there…
Utilization for the worldwide mobile offshore drilling fleet remains at a steady 77%. Overall utilization in the Australia/New Zealand market stands at 100% as every rig in the region is contracted.Demand in the Australia/New Zealand…
Human factors, such as lapses in concentration, mistakes and violations, are frequently cited as the root cause of incidents in the offshore oil & gas industry. Changing these behaviours has therefore been identified as key to reducing recordable incidents and improving overall safety performance…
For all the recent technology developments, project management methodologies, and innovations in the offshore oil & gas supply chain, completing major capital offshore projects on time, on budget and to exact specifications remains a considerable challenge…
Guadalajara construction | TransCanadaTransportadora de Gas Natural del Noroeste, a subsidiary of TransCanada, has entered a $1 billion deal with Mexico's Comisión Federal de Electricidad (CFE) to build, own and operate the El Encino-to-Topolobampo pipeline…
'There are 'suspicions' that [Gazprom] has prevented alternative sources of natural gas from and into European countries, applying inappropriate practices, exploiting its position as the dominant supplier of natural gas to Europe.'It took time but it eventually happened…
'After a strategic review Fugro basically decided to exit the capital intensive and volatile seismic segment of the oil & gas exploration market where it does not have a leading market position. It spotted that most seismic companies had indicated fleet expansion plans in the immediate future…
'In two to three years' time we could be looking at data speeds of 1Gbps.' Derek RobertsonThe development of subsea controls over the past 30 years, and trends for the future, were reviewed as part of a subsea technology day held in Aberdeen last month by Aker Solutions…
Rising day rates and demand for drilling in deepwater environments are helping the offshore drilling sector recover from not just the global economic gloom of recent years but also the post-Macondo drilling moratorium in the US. According to…
'There was a great buzz throughout the project, a real sense of achievement all the way through.' Jim Thompson, Aker SolutionsA novel approach to installation of a new flare line, flare access stairway and flare tips was adopted on Fairfield Energy's Dunlin Alpha platform last summer…
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